Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Expedia Group Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income (loss)	15)	(2,728)	572)	398)	371)
Depreciation of property and equipment, including internal-use software and website development	715)	739)	712)	676)	614)
Amortization of stock-based compensation	418)	205)	241)	203)	149)
Amortization of intangible assets	99)	329)	198)	325)	275)
Impairment of goodwill, intangible and other long-term assets	20)	799)	—)	86)	—)
Deferred income taxes	(145)	(488)	(91)	(308)	(103)
Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net	105)	2)	(5)	111)	(79)
Realized (gain) loss on foreign currency forwards	16)	(80)	(22)	(31)	(6)
(Gain) loss on minority equity investments, net	29)	142)	(8)	111)	14)
Loss on debt extinguishment	280)	—)	—)	—)	—)
(Gain) loss on sale of business, net	(456)	13)	—)	—)	—)
Provision for credit losses and other, net	32)	135)	(21)	22)	(29)
Accounts receivable	(721)	1,781)	(368)	(282)	(456)
Prepaid expenses and other assets	(224)	(188)	(193)	(29)	(117)
Accounts payable, merchant	777)	(1,320)	224)	(134)	316)
Accounts payable, other, accrued expenses and other liabilities	138)	(400)	254)	196)	257)
Tax payable/receivable, net	10)	(57)	(23)	102)	(31)
Deferred merchant bookings	2,642)	(2,576)	1,342)	489)	593)
Deferred revenue	(2)	(142)	(45)	40)	30)
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions	2,620)	(2,902)	1,191)	382)	593)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities	3,733)	(1,106)	2,195)	1,577)	1,428)
Net cash provided by (used in) operating activities	3,748)	(3,834)	2,767)	1,975)	1,799)
Capital expenditures, including internal-use software and website development	(673)	(797)	(1,160)	(878)	(710)
Purchases of investments	(201)	(685)	(1,346)	(1,803)	(1,811)
Sales and maturities of investments	23)	1,161)	852)	2,137)	1,096)
Cash and restricted cash divested from sale of business, net of proceeds	(60)	(21)	—)	—)	—)
Other, net	(20)	79)	101)	(15)	(157)
Net cash used in investing activities	(931)	(263)	(1,553)	(559)	(1,582)
Revolving credit facility borrowings	—)	2,672)	—)	—)	—)
Revolving credit facility repayments	—)	(2,672)	—)	—)	—)
Proceeds from issuance of long-term debt, net of issuance costs	1,964)	3,945)	1,231)	—)	990)
Payment of long-term debt	(1,706)	(750)	—)	(500)	—)
Debt extinguishment costs	(258)	—)	—)	—)	—)
Payment of Liberty Expedia Exchangeable Debentures	—)	—)	(400)	—)	—)
Net proceeds from issuance of preferred stock and warrants	—)	1,132)	—)	—)	—)
Redemption of preferred stock	(1,236)	—)	—)	—)	—)
Purchases of treasury stock	(165)	(425)	(743)	(923)	(312)
Payment of dividends to common and preferred stockholders	(67)	(123)	(195)	(186)	(176)
Proceeds from exercise of equity awards and employee stock purchase plan	503)	319)	301)	166)	229)
Other, net	(8)	(21)	(19)	(46)	(43)
Net cash provided by (used in) financing activities	(973)	4,077)	175)	(1,489)	688)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents	(177)	61)	3)	(139)	146)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	1,667)	41)	1,392)	(212)	1,050)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of year	4,138)	4,097)	2,705)	2,917)	1,797)
Cash, cash equivalents and restricted cash and cash equivalents at end of year	5,805)	4,138)	4,097)	2,705)	2,847)

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).

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Cash flow statement item	Description	The company
Net cash provided by (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Expedia Group Inc. net cash provided by (used in) operating activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Expedia Group Inc. net cash used in investing activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Expedia Group Inc. net cash provided by (used in) financing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Expedia Group Inc. (NASDAQ:EXPE)

Cash Flow Statement