Selected Financial Data
since 2005
Income Statement
Expedia Group Inc., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Revenue | Operating income (loss) | Net income (loss) attributable to Expedia Group, Inc. |
|---|---|---|---|
| Dec 31, 2021 | 8,598) | 186) | 12) |
| Dec 31, 2020 | 5,199) | (2,719) | (2,612) |
| Dec 31, 2019 | 12,067) | 903) | 565) |
| Dec 31, 2018 | 11,223) | 714) | 406) |
| Dec 31, 2017 | 10,060) | 625) | 378) |
| Dec 31, 2016 | 8,774) | 462) | 282) |
| Dec 31, 2015 | 6,672) | 414) | 764) |
| Dec 31, 2014 | 5,763) | 518) | 398) |
| Dec 31, 2013 | 4,771) | 366) | 233) |
| Dec 31, 2012 | 4,030) | 432) | 280) |
| Dec 31, 2011 | 3,449) | 480) | 472) |
| Dec 31, 2010 | 3,348) | 732) | 422) |
| Dec 31, 2009 | 2,955) | 571) | 300) |
| Dec 31, 2008 | 2,937) | (2,429) | (2,518) |
| Dec 31, 2007 | 2,665) | 529) | 296) |
| Dec 31, 2006 | 2,238) | 351) | 245) |
| Dec 31, 2005 | 2,119) | 397) | 229) |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The financial data over the period from December 31, 2005, to December 31, 2021, reveals several noteworthy trends in revenue, operating income (loss), and net income (loss) attributable to the company.
- Revenue Trends
- The revenue steadily increased from US$2,119 million in 2005 to a peak of US$12,067 million in 2019, showing consistent growth over the years. Although 2020 experienced a sharp decline to US$5,199 million, likely reflecting external adverse conditions during that year, revenue rebounded in 2021 to US$8,598 million, indicating partial recovery but still below the pre-2020 peak.
- Operating Income (Loss) Trends
- Operating income generally showed positive values with some fluctuations. From 2005 to 2007, the operating income increased and then sharply declined to a loss of US$-2,429 million in 2008. Following the loss, the company returned to positive operating income from 2009 onwards, displaying fluctuating but generally improving profitability, reaching US$903 million in 2019. However, 2020 saw another substantial loss of US$-2,719 million, before recovering to a positive US$186 million in 2021. This pattern demonstrates considerable volatility in operating performance with two significant loss years in 2008 and 2020 that disrupted generally positive trends.
- Net Income (Loss) Trends
- Net income exhibited a pattern similar to operating income. The company maintained positive net incomes from 2005 to 2007, followed by a severe loss of US$-2,518 million in 2008. Recovery ensued with positive net income values through 2019, reaching a high of US$565 million. The net income again turned negative in 2020, with a loss of US$-2,612 million, before slightly improving to a marginal positive US$12 million in 2021. This reflects sensitivity to external shocks impacting profitability, with 2008 and 2020 standing out as exceptional years.
Balance Sheet: Assets
Expedia Group Inc., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2021 | 8,181) | 21,548) |
| Dec 31, 2020 | 5,634) | 18,690) |
| Dec 31, 2019 | 7,735) | 21,416) |
| Dec 31, 2018 | 5,197) | 18,033) |
| Dec 31, 2017 | 5,540) | 18,516) |
| Dec 31, 2016 | 3,450) | 15,778) |
| Dec 31, 2015 | 2,979) | 15,504) |
| Dec 31, 2014 | 2,924) | 9,021) |
| Dec 31, 2013 | 2,219) | 7,739) |
| Dec 31, 2012 | 2,615) | 7,085) |
| Dec 31, 2011 | 2,274) | 6,505) |
| Dec 31, 2010 | 1,702) | 6,651) |
| Dec 31, 2009 | 1,225) | 5,937) |
| Dec 31, 2008 | 1,199) | 5,894) |
| Dec 31, 2007 | 1,046) | 8,295) |
| Dec 31, 2006 | 1,183) | 8,269) |
| Dec 31, 2005 | 590) | 7,757) |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The analysis of the financial data over the period from the end of 2005 through the end of 2021 reveals notable trends in the asset structure and growth patterns.
- Current Assets
- The current assets exhibit an overall upward trend, increasing from US$590 million in 2005 to US$8,181 million in 2021. There is some volatility observed, including a decrease during certain years, for example from 2,219 million in 2013 to 1,702 million in 2010, but the general trajectory is growth. The increase is particularly pronounced after 2015, with current assets rising from 2,979 million to 8,181 million in 2021, indicating an expansion in short-term financial resources and liquidity position.
- Total Assets
- Total assets also show a general upward movement, although with more fluctuations compared to current assets. Starting at US$7,757 million in 2005, total assets peak at US$21,548 million in 2021. A decline is visible during the 2007-2009 period, dropping from 8,295 million to 5,894 million, which could reflect economic challenges or shifts in asset composition. After this dip, total assets gradually increase, with a marked increase beginning around 2014, where the asset base nearly doubles by 2021. This suggests substantial investment or acquisition activity leading to asset base growth.
- Comparative Analysis
- The stronger growth rate in current assets relative to total assets in the later years indicates a possible strategic focus on liquidity or current asset management. Both measures demonstrate recovery and growth following the 2007-2009 dip, with assets reaching new highs by 2021. The data reflects resilience and expansion of the company's asset base over the long term, with notable acceleration post-2014.
Balance Sheet: Liabilities and Stockholders’ Equity
Expedia Group Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total debt | Total Expedia Group, Inc. stockholders’ equity | |
|---|---|---|---|
| Dec 31, 2021 | 9,450) | 8,450) | 2,057) |
| Dec 31, 2020 | 5,406) | 8,216) | 2,532) |
| Dec 31, 2019 | 10,714) | 4,938) | 3,967) |
| Dec 31, 2018 | 8,060) | 3,717) | 4,104) |
| Dec 31, 2017 | 7,879) | 4,249) | 4,522) |
| Dec 31, 2016 | 6,127) | 3,159) | 4,132) |
| Dec 31, 2015 | 5,926) | 3,201) | 4,864) |
| Dec 31, 2014 | 4,187) | 1,747) | 1,784) |
| Dec 31, 2013 | 3,294) | 1,249) | 2,145) |
| Dec 31, 2012 | 2,982) | 1,249) | 2,280) |
| Dec 31, 2011 | 2,553) | 1,249) | 2,200) |
| Dec 31, 2010 | 1,889) | 1,645) | 2,673) |
| Dec 31, 2009 | 1,835) | 895) | 2,683) |
| Dec 31, 2008 | 1,566) | 1,545) | 2,328) |
| Dec 31, 2007 | 1,774) | 1,085) | 4,818) |
| Dec 31, 2006 | 1,400) | 500) | 5,904) |
| Dec 31, 2005 | 1,438) | 231) | 5,734) |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The financial data presents several notable trends in key liabilities, debt levels, and stockholders’ equity over the period examined.
- Current Liabilities
- Current liabilities exhibit a general upward trend from 2005 to 2019, rising from $1.44 billion to $10.7 billion. This indicates an increasing short-term financial obligation, possibly reflecting growth in operations, higher accounts payable, or other accrued expenses. A significant jump is visible from 2013 onwards, culminating in the peak in 2019. However, a sharp decline occurs in 2020 to $5.4 billion, likely influenced by external factors impacting the business environment. The value rebounds substantially in 2021 to $9.45 billion, showing recovery or renewed operational activity.
- Total Debt
- Total debt tends to fluctuate but demonstrates an overall upward trajectory in the long term. The figure climbs markedly from $231 million in 2005 to $8.45 billion in 2021. Noteworthy increases occur in the periods of 2006-2008 and 2013-2015, indicating possible strategic financing decisions or acquisitions. The peak at $8.2 billion in 2020 represents a considerable increase from previous years, which may reflect increased borrowing possibly to offset operational challenges or capitalize on investment opportunities. Slight reduction follows in 2021 but remains at a substantially high level.
- Stockholders’ Equity
- Stockholders’ equity displays volatility with a general declining tendency. Starting at $5.7 billion in 2005, it falls significantly through 2007 to 2008, reaching a low point near $2.3 billion. Although there is a recovery phase from 2014 to 2015 where equity increases sharply to $4.86 billion, the overall trend resumes downward from 2016 onwards. By 2021, equity decreases to $2.06 billion, indicating possible reductions in retained earnings or increased losses. This decline in equity alongside growing liabilities and debt may signal financial stress or restructuring efforts.
Overall, the period shows increasing leverage with rising debt and current liabilities and declining equity base, suggesting greater financial risk. The sudden changes around 2020 reflect external shocks impacting the company’s financial position, followed by partial recovery trends in liabilities and debt levels in 2021.
Cash Flow Statement
Expedia Group Inc., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by (used in) operating activities | Net cash used in investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Dec 31, 2021 | 3,748) | (931) | (973) |
| Dec 31, 2020 | (3,834) | (263) | 4,077) |
| Dec 31, 2019 | 2,767) | (1,553) | 175) |
| Dec 31, 2018 | 1,975) | (559) | (1,489) |
| Dec 31, 2017 | 1,799) | (1,582) | 688) |
| Dec 31, 2016 | 1,564) | (718) | (691) |
| Dec 31, 2015 | 1,368) | (2,371) | 1,404) |
| Dec 31, 2014 | 1,367) | (924) | 48) |
| Dec 31, 2013 | 763) | (526) | (493) |
| Dec 31, 2012 | 1,237) | (368) | (273) |
| Dec 31, 2011 | 826) | (463) | (353) |
| Dec 31, 2010 | 777) | (818) | 132) |
| Dec 31, 2009 | 676) | (48) | (660) |
| Dec 31, 2008 | 521) | (860) | 465) |
| Dec 31, 2007 | 712) | (180) | (790) |
| Dec 31, 2006 | 617) | (114) | 10) |
| Dec 31, 2005 | 850) | (801) | 107) |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Operating Activities Cash Flow
- The net cash provided by operating activities displayed fluctuations over the years. From 2005 to 2008, the cash flows showed a decreasing trend, reaching a low in 2008. Starting in 2009, there was a general upward trend with intermittent fluctuations, peaking notably in 2019 at 2,767 million USD. However, in 2020, there was a significant drop resulting in a substantial negative cash flow of -3,834 million USD, likely influenced by extraordinary external factors. The figure rebounded strongly in 2021 to 3,748 million USD, the highest in the observed period, indicating a recovery in operational cash generation.
- Investing Activities Cash Flow
- Net cash used in investing activities mostly reflected cash outflows throughout the timeline, indicative of consistent investments or expenditures related to long-term assets. There were substantial cash outflows in several years, notably in 2008, 2010, 2015, 2017, and 2019, with the largest outflow occurring in 2015 at -2,371 million USD. The cash outflow pattern was somewhat erratic, alternating between larger and smaller investments. Despite some years with relatively lower outflows, the overall trend underlines continuous investing activity across the majority of the periods.
- Financing Activities Cash Flow
- Cash flows from financing activities demonstrated significant variability over the examined years. Early years fluctuated between small inflows and notable outflows, including a strong negative outflow in 2007 (-790 million USD). The period from 2014 saw large swings with substantial inflows, such as in 2015 (1,404 million USD) and 2020 (4,077 million USD), contrasting with years showing major outflows like 2018 (-1,489 million USD) and 2021 (-973 million USD). This irregular pattern suggests active financing operations involving varying degrees of borrowing, repayment, or equity activities aligned with strategic corporate financing decisions.
- Overall Cash Flow Insights
- Over the examined period, operational cash flow generally supported the company’s activities despite some volatility, with a clear recovery evident after a severe disruption in 2020. Investing cash flows consistently reflected negative values, indicating ongoing capital expenditure and investment. Financing cash flows exhibited a high degree of inconsistency, with alternating significant inflows and outflows, underscoring a dynamic financing approach responsive to business needs and external conditions. These patterns reveal a complex cash flow management, balancing operational performance, investment requirements, and financial structuring.
Per Share Data
Expedia Group Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2021 | -1.80 | -1.80 | 0.00 |
| Dec 31, 2020 | -19.00 | -19.00 | 0.34 |
| Dec 31, 2019 | 3.84 | 3.77 | 1.32 |
| Dec 31, 2018 | 2.71 | 2.65 | 1.24 |
| Dec 31, 2017 | 2.49 | 2.42 | 1.16 |
| Dec 31, 2016 | 1.87 | 1.82 | 1.00 |
| Dec 31, 2015 | 5.87 | 5.70 | 0.84 |
| Dec 31, 2014 | 3.09 | 2.99 | 0.66 |
| Dec 31, 2013 | 1.73 | 1.67 | 0.56 |
| Dec 31, 2012 | 2.09 | 2.00 | 0.96 |
| Dec 31, 2011 | 3.48 | 3.41 | 0.56 |
| Dec 31, 2010 | 2.98 | 2.93 | 0.56 |
| Dec 31, 2009 | 2.08 | 2.05 | 0.00 |
| Dec 31, 2008 | -17.60 | -17.60 | 0.00 |
| Dec 31, 2007 | 1.99 | 1.88 | 0.00 |
| Dec 31, 2006 | 1.44 | 1.40 | 0.00 |
| Dec 31, 2005 | 1.36 | 1.30 | 0.00 |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
- Basic earnings per share (EPS)
- The basic EPS demonstrated significant volatility across the observed period. Initially, from 2005 to 2007, there was a steady increase from $1.36 to $1.99, indicating growth in earnings. However, in 2008, a severe decline occurred with a sharp loss recorded at -$17.6, reflecting a substantial downturn possibly linked to economic conditions or extraordinary events. From 2009 onward, EPS generally recovered, peaking at $5.87 in 2015, which represents the highest profitability within the period. After 2015, EPS trended downward with fluctuations, ending with negative figures again in 2020 (-$19) and a slight improvement in 2021 to -$1.8, suggesting renewed financial challenges or market impacts.
- Diluted earnings per share
- The diluted EPS followed a pattern closely aligned with the basic EPS, displaying consistent trends in growth, sharp decline, recovery, and subsequent volatility. The close correlation indicates limited differences between basic and diluted share counts over time. The highest diluted EPS also occurred in 2015 at $5.70, followed by a decline culminating in negative results in 2020 and 2021, mirroring the basic EPS trend and underscoring consistent pressures on earnings per share.
- Dividend per share
- Dividends per share were not paid or reported in the early years and only commenced in 2011 with a dividend of $0.56. Between 2011 and 2019, dividends exhibited a general upward trajectory, increasing from $0.56 to $1.32, reflecting a policy of gradually returning value to shareholders. In 2020, dividends dropped sharply to $0.34, coinciding with the period of negative earnings, indicative of a cautious approach or restrictions due to adverse financial conditions. No dividend data is presented beyond 2020, suggesting a potential suspension or pause in payouts in 2021.