Expedia Group (EXPE) FY2017 results: revenue $10.1 billion, up 14.7% on the year
Expedia Group, Inc. (EXPE) reported revenue of $10.1 billion for fiscal 2017, the year ended 31 December 2017, up 14.7% on the year before. Net income was $378 million, up 34.1%, and diluted earnings per share $2.42. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2020.
Revenue
$10.1 billion
+14.7% on the year
FY2010FY2017
Operating margin
6.2%
5.3% a year earlier
FY2010FY2017
Net income
$378 million
+34.1% on the year
FY2010FY2017
Diluted EPS
$2.42
+33.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
10,060
8,774
6,672
+14.7%
Cost of revenue
1,757
1,597
1,310
+10.0%
Gross profit
8,303
7,177
5,363
+15.7%
Gross margin
82.5%
81.8%
80.4%
Operating income
625
462
414
+35.4%
Operating margin
6.2%
5.3%
6.2%
Interest expense
182
173
126
+4.9%
Pre-tax income
417
277
926
+50.7%
Income tax
45.0
16.0
203
+181.2%
Effective tax rate
10.8%
5.8%
21.9%
Net income
378
282
764
+34.1%
Net margin
3.8%
3.2%
11.5%
Diluted EPS
$2.42
$1.82
$5.70
+33.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,845
1,549
1,368
+19.1%
Capital expenditure
710
749
787
-5.2%
Free cash flow
1,135
800
581
+41.9%
Free cash flow margin
11.3%
9.1%
8.7%
Cash from investing
-1,582
-718
-2,371
Cash from financing
688
-691
1,404
Depreciation and amortisation
890
794
493
+12.0%
Share-based compensation
149
242
178
-38.5%
Buybacks
312
456
60.5
-31.5%
Dividends paid
176
150
109
+17.1%
Dividend per share
$1.16
$1.00
$0.84
+16.0%
Diluted shares, weighted
156m
155m
134m
+1.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,522
4,132
4,864
+9.4%
Non-controlling interest
1,606
1,561
65.4
+2.9%
Redeemable equity
22.0
0.0
658
Debt
4,249
3,159
3,183
+34.5%
Other liabilities
8,116
6,925
6,732
+17.2%
Total liabilities and equity
18,516
15,778
15,504
+17.4%
Fixed assets
1,575
1,395
1,064
+12.9%
Goodwill
8,229
7,942
7,993
+3.6%
Intangible assets
2,309
2,447
2,794
-5.6%
Investments
469
88.3
98.7
+430.5%
Cash and equivalents
2,847
1,797
1,676
+58.4%
Receivables
1,866
1,343
1,082
+38.9%
Other assets
1,222
766
795
+59.6%
Total assets
18,516
15,778
15,504
+17.4%
10-K for the year ended 31 December 2017, filed 14 February 2020: the filing.