Stock Analysis on Net
Stock Analysis on Net

Expedia Group Inc. (NASDAQ:EXPE)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Expedia Group Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Accounts payable, merchant
Accounts payable, other
Deferred merchant bookings
Deferred revenue
Income taxes payable
Accrued expenses and other current liabilities
Current maturities of long-term debt
Current liabilities
Long-term debt, excluding current maturities
Deferred income taxes
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Redeemable non-controlling interests
Series A Preferred Stock $.001 par value
Common stock $.0001 par value
Class B common stock $.0001 par value
Additional paid-in capital
Treasury stock, at cost
Retained earnings (deficit)
Accumulated other comprehensive loss
Total Expedia Group, Inc. stockholders’ equity
Non-redeemable non-controlling interests
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Liabilities Trends
Over the five-year period, total liabilities increased steadily from 66.78% to 83.52% of total liabilities and stockholders’ equity, indicating a heavier reliance on liabilities for financing. Current liabilities showed volatility, rising from 42.55% in 2017 to a peak of 50.03% in 2019, dropping sharply to 28.92% in 2020, and rebounding to 43.86% in 2021. This fluctuation may reflect changes in the company's short-term obligations or operational adjustments. Long-term liabilities displayed a significant rise in 2020, jumping to 49.46% from around 24% in earlier years, then receding to 39.66% in 2021, suggesting increased long-term debt or deferred obligations during the pandemic period.
Accounts Payable and Similar Items
Both categories of accounts payable exhibited a declining trend until 2020, with merchant payables dropping from 9.93% in 2017 to 3.22% in 2020, followed by a moderate recovery to 6.19% in 2021. Other payables followed a similar pattern, implying possible changes in supplier credit terms or payment policies, especially a notable reduction during 2020.
Deferred Merchant Bookings and Deferred Revenue
Deferred merchant bookings experienced growth from 17.39% in 2017, peaking at 26.52% in 2019, then fell sharply to 16.62% in 2020 before recovering to 26.4% in 2021. This indicates fluctuations in advance customer payments or liabilities related to merchant transactions, likely influenced by external market conditions in 2020. Deferred revenue remained relatively low and stable, decreasing gradually from 1.76% to 0.77%, suggesting a diminishing balance of unearned income over time.
Income Taxes and Other Current Liabilities
Income taxes payable increased from 0.18% in 2017 to 0.41% in 2018 and 2019 but decreased substantially afterward, reaching 0.07% in 2021. Accrued expenses and other current liabilities declined overall, starting at 6.83% and dropping to 3.82%, with minor fluctuations, reflecting potentially improved management of accrued obligations.
Debt Maturities and Lease Liabilities
The current maturities of long-term debt showed an intermittent presence, with 2.7% in 2017, absent data for 2018 and 2020, and near 3.5% in 2019 and 3.41% in 2021, suggesting periodic repayments or refinancing. Long-term operating lease liabilities appeared starting in 2019 at 2.48%, modestly increasing to 2.74% in 2020 before declining to 1.67% in 2021, reflecting shifting lease commitments.
Stockholders' Equity Movements
Total stockholders’ equity fell consistently from 33.1% in 2017 to 16.48% in 2021, indicating a weakening equity base relative to total liabilities and equity. Within this, common stock presence is minimal or not reported after 2017, while additional paid-in capital increased markedly from 49.49% to 72.58% in 2020 before declining to 66.03%, reflecting equity injections or issuance activities. Treasury stock, representing repurchased shares, expanded significantly in cost terms from -26.05% to -54.02% by 2020, illustrating increased share buybacks, then slightly decreased to -47.62% in 2021.
Retained Earnings and Comprehensive Losses
Retained earnings demonstrated positive growth from 1.79% in 2017 to 4.1% in 2019 but sharply turned negative in 2020 (-9.53%) and remained in deficit (-8.17%) in 2021, likely due to operational losses or substantial write-offs. The accumulated other comprehensive loss remained relatively stable and minor, fluctuating between -0.8% and -0.69%, indicating modest fluctuations in items such as foreign currency adjustments or unrealized losses.
Other Equity Items
Non-redeemable non-controlling interests decreased from 8.68% to 6.94% over the period, suggesting a reduction in minority interests or dilution of minority stakes. The presence of Series A preferred stock is noted only in 2020 at 5.47%, indicating a temporary issuance that was not present before or after.