Name: Expedia Group Inc. (NASDAQ:EXPE) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

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.

Assets: Selected Items

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Current Assets: Selected Items

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Expedia Group Inc., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Cash and cash equivalents	4,111)	3,363)	3,315)	2,443)	2,847)
Restricted cash and cash equivalents	1,694)	772)	779)	259)	69)
Short-term investments	200)	24)	526)	28)	469)
Accounts receivable, net of allowance	1,264)	701)	2,524)	2,151)	1,866)
Income taxes receivable	85)	120)	70)	24)	21)
Prepaid expenses and other current assets	827)	654)	521)	292)	269)
Current assets	8,181)	5,634)	7,735)	5,197)	5,540)
Property and equipment, net	2,180)	2,257)	2,198)	1,877)	1,575)
Operating lease right-of-use assets	407)	574)	611)	—)	—)
Long-term investments and other assets	1,450)	671)	796)	778)	845)
Deferred income taxes	766)	659)	145)	69)	18)
Intangible assets, net	1,393)	1,515)	1,804)	1,992)	2,309)
Goodwill	7,171)	7,380)	8,127)	8,120)	8,229)
Non-current assets	13,367)	13,056)	13,681)	12,836)	12,976)
Total assets	21,548)	18,690)	21,416)	18,033)	18,516)

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).

Total assets exhibited a fluctuating growth pattern between 2017 and 2021, increasing from 18,516 million US dollars to 21,548 million US dollars. A notable contraction occurred in 2020, where total assets dipped to 18,690 million US dollars, followed by a significant recovery in 2021.

Liquidity and Cash Position: A strong upward trend in liquidity is observed. Cash and cash equivalents grew from 2,847 million US dollars in 2017 to 4,111 million US dollars by 2021. This growth was further amplified by a substantial increase in restricted cash and cash equivalents, which rose from 69 million US dollars in 2017 to 1,694 million US dollars in 2021, indicating a significant accumulation of liquid reserves over the five-year period.
Working Capital Dynamics: Accounts receivable, net of allowance, demonstrated extreme volatility. After a steady climb to 2,524 million US dollars in 2019, the balance plummeted to 701 million US dollars in 2020, representing a sharp decrease in short-term credit extended to customers. A partial rebound to 1,264 million US dollars was recorded in 2021.
Intangible Assets and Goodwill: A consistent decline is observed in the valuation of intangible assets, which fell from 2,309 million US dollars in 2017 to 1,393 million US dollars in 2021. Similarly, goodwill decreased from 8,229 million US dollars to 7,171 million US dollars over the same period. Together, these items constitute a substantial portion of the total asset base, though their combined value has diminished steadily.
Fixed and Non-Current Assets: Net property and equipment showed a growth trend from 2017 through 2020, rising from 1,575 million US dollars to 2,257 million US dollars, before slightly declining to 2,180 million US dollars in 2021. The emergence of operating lease right-of-use assets in 2019 at 611 million US dollars suggests a transition in accounting treatment, with these assets subsequently decreasing to 407 million US dollars by 2021.
Deferred Tax Assets: Deferred income taxes showed a marked increase, rising from 18 million US dollars in 2017 to a peak of 659 million US dollars in 2020, before settling at 766 million US dollars in 2021, reflecting changes in taxable temporary differences.

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