Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Booking Holdings Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	16,509)	17,595)	15,578)	16,164)	15,775)	16,290)	15,629)	12,107)	13,294)	14,602)	14,140)	12,221)	9,021)	11,841)	10,549)	11,127)	11,643)	11,231)	12,151)	10,562)	11,197)	10,404)	6,363)
Short-term investments	—)	—)	—)	—)	—)	37)	362)	576)	624)	640)	359)	175)	116)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Accounts receivable, net of allowance for expected credit losses	4,013)	4,370)	3,290)	3,199)	3,649)	3,814)	3,296)	3,253)	3,447)	2,805)	2,048)	2,229)	2,284)	2,249)	1,611)	1,358)	1,555)	1,290)	586)	529)	859)	566)	667)
Prepaid expenses, net	579)	626)	530)	587)	490)	670)	737)	644)	680)	849)	655)	477)	612)	492)	395)	404)	394)	332)	286)	337)	—)	—)	—)
Other current assets	602)	672)	552)	541)	615)	482)	452)	454)	434)	453)	430)	696)	377)	342)	320)	256)	760)	936)	1,085)	778)	527)	483)	2,230)
Current assets	21,703)	23,263)	19,950)	20,491)	20,529)	21,293)	20,476)	17,034)	18,479)	19,349)	17,632)	15,798)	12,410)	14,924)	12,875)	13,145)	14,352)	13,789)	14,108)	12,206)	12,583)	11,453)	9,260)
Property and equipment, net	817)	848)	857)	832)	882)	875)	805)	784)	733)	732)	699)	669)	879)	858)	844)	822)	762)	748)	734)	756)	744)	736)	720)
Operating lease assets	605)	593)	555)	559)	600)	637)	663)	705)	643)	608)	622)	645)	402)	445)	487)	496)	445)	457)	480)	529)	568)	577)	596)
Intangible assets, net	961)	1,291)	1,333)	1,382)	1,450)	1,498)	1,553)	1,613)	1,660)	1,722)	1,777)	1,829)	1,855)	1,925)	1,997)	2,057)	1,677)	1,725)	1,762)	1,812)	1,838)	1,865)	1,897)
Goodwill	2,669)	2,855)	2,816)	2,799)	2,838)	2,814)	2,815)	2,826)	2,804)	2,821)	2,816)	2,807)	2,808)	2,842)	2,878)	2,887)	1,872)	1,886)	1,882)	1,895)	1,865)	2,412)	2,391)
Long-term investments	651)	559)	538)	536)	500)	468)	443)	440)	420)	440)	806)	2,789)	2,650)	2,381)	2,200)	3,175)	3,283)	4,319)	3,788)	3,759)	3,672)	2,946)	2,056)
Other assets, net	1,346)	1,275)	1,142)	1,109)	1,179)	956)	973)	940)	896)	886)	854)	824)	1,059)	1,118)	1,103)	1,059)	950)	957)	901)	917)	875)	923)	942)
Long-term assets	7,049)	7,421)	7,241)	7,217)	7,449)	7,248)	7,252)	7,308)	7,156)	7,209)	7,574)	9,563)	9,653)	9,569)	9,509)	10,496)	8,989)	10,092)	9,547)	9,668)	9,562)	9,459)	8,602)
Total assets	28,752)	30,684)	27,191)	27,708)	27,978)	28,541)	27,728)	24,342)	25,635)	26,558)	25,206)	25,361)	22,063)	24,493)	22,384)	23,641)	23,341)	23,881)	23,655)	21,874)	22,145)	20,912)	17,862)

The financial data over the observed quarters reveals several noteworthy trends in the company’s asset management and liquidity position. An extensive review of the key asset categories and their fluctuations provides insight into the company’s operational and strategic dynamics.

Liquidity and Cash Equivalents: Cash and cash equivalents have generally trended upwards from the starting value, showing significant growth from 6,363 million USD to peaks exceeding 17,000 million USD in later periods. However, this growth is not strictly linear; there are fluctuations, notably a dip in late 2022 followed by an increase toward the end of the latest reported periods. This pattern suggests active liquidity management and possibly strategic cash reserves adjustments in response to operational needs or investment opportunities.
Short-term Investments: Short-term investments appeared in the dataset starting only in the later periods, increasing initially but then showing variability with some declines. The initial low values and subsequent fluctuations could indicate a cautious approach in short-term asset allocation or changing market conditions affecting liquidity strategies.
Accounts Receivable: Accounts receivable exhibit an increasing trend throughout the quarters, rising from 667 million USD to over 4,000 million USD. This growth may reflect higher sales and expanding business activity but also raises considerations about credit risk and collection efficiency that might impact working capital management.
Prepaid Expenses: Prepaid expenses show a rising trend, especially in recent years, increasing from a few hundreds into the 600 to 800 million USD range. This may indicate prepayments for services or goods, likely reflecting operational scaling or contracts negotiated with advance payments.
Other Current Assets: The category experiences substantial variability with peaks and troughs, but no consistent long-term trend emerges. This volatility implies reactive adjustments in minor current asset accounts which could encompass a range of items fluctuating with seasonal or other short-term factors.
Total Current Assets: Current assets generally increase over time, peaking above 23,000 million USD in the latest periods after some periods of decline. This growth is consistent with the observed increases in cash equivalents, receivables, and prepaid expenses, indicating overall asset base expansion.
Property, Equipment, and Operating Lease Assets: Property and equipment net values remain relatively stable with mild growth, suggesting ongoing maintenance and minor expansions. Operating lease assets show slight decreases initially but rebound in later periods, possibly reflecting changes in leasing arrangements or asset capitalization policies.
Intangible Assets and Goodwill: Intangible assets demonstrate a gradual decline across periods, indicating amortization or impairment effects. Goodwill values fluctuate but generally maintain a high base with some decreases and recoveries, which may result from acquisitions, divestitures, or impairment testing outcomes.
Long-term Investments and Other Assets: Long-term investments show a sharp decline from early high values toward mid-2023, with some recovery in recent quarters, suggesting active portfolio adjustments or reallocation of resources. Other assets remain relatively steady, with small upward trends hinting at accumulated long-term miscellaneous holdings.
Total Long-term Assets: Total long-term assets reflect the combined effects of the above, generally maintaining stability with marginal decreases aligned with the reductions in intangible assets and long-term investments.
Total Assets: Total assets trend upwards overall, moving from approximately 17,800 million USD to a peak exceeding 30,000 million USD before a modest reduction in the latest quarters. This pattern represents growth and periodic consolidation or revaluation of asset bases, possibly driven by business expansion phases and subsequent optimization efforts.

In summary, the company demonstrates an overall growth in asset base with increasing liquidity and receivables, stable property and equipment holdings, and a managed reduction in intangible assets. Strategic financial management is suggested by fluctuations in short-term and long-term investments as well as the balance of current assets, pointing to deliberate allocation of resources in response to market or operational conditions.

Assets: Selected Items

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Current Assets: Selected Items

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Booking Holdings Inc. (NASDAQ:BKNG)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data