Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Booking Holdings Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Merchant revenues	10,936)	7,193)	3,696)	2,117)	3,830)
Agency revenues	9,414)	9,003)	6,663)	4,314)	10,117)
Advertising and other revenues	1,015)	894)	599)	365)	1,119)
Revenues	21,365)	17,090)	10,958)	6,796)	15,066)
Marketing expenses	(6,773)	(5,993)	(3,801)	(2,179)	(4,967)
Sales and other expenses	(2,744)	(1,818)	(881)	(755)	(955)
Personnel, including stock-based compensation	(3,294)	(2,465)	(2,314)	(1,944)	(2,248)
General and administrative	(1,555)	(934)	(620)	(581)	(797)
Information technology	(655)	(526)	(412)	(299)	(285)
Depreciation and amortization	(504)	(451)	(421)	(458)	(469)
Other operating expenses	(5)	199)	(13)	(149)	—)
Impairment of goodwill	—)	—)	—)	(1,062)	—)
Operating expenses	(15,530)	(11,988)	(8,462)	(7,427)	(9,721)
Operating income (loss)	5,835)	5,102)	2,496)	(631)	5,345)
Interest expense	(897)	(391)	(334)	(356)	(266)
Interest and dividend income	1,020)	219)	16)	54)	152)
Net gains (losses) on equity securities	(131)	(963)	(569)	1,813)	745)
Impairment of investment	—)	—)	—)	(100)	—)
Foreign currency transaction gains (losses)	(348)	(43)	111)	(207)	(31)
Loss on early extinguishment of debt	—)	—)	(242)	—)	—)
Other	2)	(1)	(13)	(6)	13)
Other income (expense), net	543)	(788)	(697)	1,554)	879)
Earnings before income taxes	5,481)	3,923)	1,465)	567)	5,958)
Income tax expense	(1,192)	(865)	(300)	(508)	(1,093)
Net income	4,289)	3,058)	1,165)	59)	4,865)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Booking Holdings Inc. revenues increased from 2021 to 2022 and from 2022 to 2023.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Booking Holdings Inc. operating income (loss) increased from 2021 to 2022 and from 2022 to 2023.
Earnings before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Booking Holdings Inc. earnings before income taxes increased from 2021 to 2022 and from 2022 to 2023.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Booking Holdings Inc. net income increased from 2021 to 2022 and from 2022 to 2023.

Booking Holdings Inc. (NASDAQ:BKNG)

Income Statement