Expedia Group Inc. (NASDAQ:EXPE)

The analysis of the reported debt data over the five-year period reveals several key trends and fluctuations in the company's debt structure.

Current maturities of long-term debt

The values for current maturities of long-term debt exhibit some gaps, with data missing for 2018 and 2020. Available figures indicate an increase from $500 million in 2017 to $749 million in 2019, followed by a slight decrease to $735 million in 2021. This suggests some volatility in the short-term portion of long-term debt, though the amounts have generally remained within a moderate range around $700 million after 2017.

Long-term debt, excluding current maturities

This component shows relative stability between 2017 and 2018, with a slight decrease from $3,749 million to $3,717 million. However, in 2019, there is a notable rise to $4,189 million, which is followed by a sharp increase in 2020 to $8,216 million. The amount decreases somewhat to $7,715 million in 2021 but remains significantly higher compared to the earlier years. This pattern indicates an overall increasing reliance on long-term borrowing, with a peak in 2020 likely reflecting strategic or operational financing decisions during that period.

Total long-term debt, including current maturities (carrying amount)

The total long-term debt trend mirrors the changes in the long-term debt excluding current maturities, as expected. The figure decreases from $4,249 million in 2017 to $3,717 million in 2018, then rises to $4,938 million in 2019. A sharp escalation occurs in 2020, reaching $8,216 million, and the amount experiences a minor increase to $8,450 million in 2021. This overall trend reflects a significant increase in the company's debt obligations over the analyzed timeframe, especially pronounced in the last two years.

In summary, the data presents a stable debt level in the earlier years, followed by a marked increase in long-term borrowing starting in 2019, with the peak levels maintained through 2021. The available information on current maturities indicates some fluctuation but lacks consistent data to determine a definitive trend. The substantial growth in long-term debt during 2020 and 2021 could suggest heightened capital needs, possibly linked to investments, acquisitions, or other strategic financial activities during that period.