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
Quarterly Data

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

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 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
Revolving credit facility
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-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The analysis of the quarterly financial data reveals several notable trends in the composition of liabilities and stockholders’ equity over the periods observed.

Current Liabilities
The percentage of current liabilities relative to total liabilities and stockholders’ equity fluctuated significantly. It remained generally in the range of 40%-52% before 2020, peaked around the first quarter of 2019 at approximately 52.59%, then markedly declined during 2020 to lows near 28.64%-28.92%, possibly reflecting impacts of external economic factors. Subsequent quarters show a recovery trend, rising again to approximately 50.73% by early 2022.
Long-term Debt
Long-term debt, excluding current maturities, exhibited a rising trend starting from around 18% in early 2017, peaking substantially during 2020 between 31.51% and 43.96%, indicating increased leverage or financing activities during that period. Afterward, the percentage gradually decreased, settling near 31.41% by March 2022, suggesting partial deleveraging or repayment of long-term obligations.
Deferred Merchant Bookings
This liability component showed considerable variability, with values generally oscillating between 16.5% and 37.45%. There was an increase toward the end of 2021 and early 2022, reaching a peak of 37.45%, indicative of potentially increased advance bookings or customer deposits during these quarters. Earlier in 2020, a decline was evident, correlating with the period of the global pandemic onset.
Deferred Revenue
The proportion of deferred revenue remained low and relatively stable across the periods, fluctuating marginally around 0.7% to 2.5%, with a slight declining trend throughout 2020 and 2021, potentially reflecting shifts in revenue recognition patterns or business operations.
Stockholders’ Equity
Total stockholders' equity as a percentage of total liabilities and equity declined noticeably during the period, particularly from early 2020 where it dropped from just above 25% to as low as approximately 14.51% by March 2022. This decline was accompanied by a significant increase in treasury stock at cost (negative component), which increased steadily from about -25.78% in 2017 to nearly -54.02% in 2020 before partially retracing. Retained earnings shifted from modest positive figures pre-2020 to increasing deficits during and post-2020, indicating cumulative losses or distributions exceeding earnings.
Additional Paid-in Capital
Additional paid-in capital maintained a generally upward trend, increasing from around 45% in early 2017 to peak levels of approximately 72.58% in late 2020. This suggests ongoing capital infusions or equity issuances despite other equity components’ fluctuations.
Income Taxes Payable
Income taxes payable as a proportion remained low and variable, with occasional spikes such as in mid-2018 (up to 0.91%) and early 2021 (up to 1.44%), but overall did not represent a significant portion of total liabilities and equity.
Other Current Liabilities and Accrued Expenses
These liabilities stayed relatively consistent, generally ranging between approximately 3% and 6%, with some seasonal fluctuations and moderate decreases during 2020.
Long-term Operating Lease Liabilities
Recorded starting from late 2018, these liabilities were relatively minor, typically between 1.4% and 2.7%, showing slight decreases through early 2022.
Total Liabilities
Total liabilities as a percentage of total liabilities and stockholders' equity showed an increasing trend overall, rising from about 68% in 2017 to over 85% by early 2022. The increase was particularly pronounced during and after 2020, reflecting increased leverage or liability balances, which coincides with the reduction in equity during the same period.
Summary of Capital Structure Trends
The data indicate a shift towards greater leverage particularly around the 2020 period, likely in response to economic or operational challenges. Increased long-term debt and liabilities, combined with declining equity and growing treasury stock, suggest a period of financial restructuring or stress. However, some recovery in current liabilities and a slight rebound in equity components late in the observed period point to ongoing efforts to stabilize the capital structure.