Expedia Group Inc., current enterprise value calculation

Current share price (P)	$150.31
No. shares of common stock outstanding	157,097,831
US$ in millions
Common equity (market value)¹	23,613)
Add: Series A Preferred Stock $.001 par value (per books)	—)
Add: Non-redeemable non-controlling interests (per books)	1,495)
Total equity	25,108)
Add: Current maturities of long-term debt (per books)	735)
Add: Long-term debt, excluding current maturities (per books)	7,715)
Total equity and debt	33,558)
Less: Cash and cash equivalents	4,111)
Less: Restricted cash and cash equivalents	1,694)
Less: Short-term investments	200)
Enterprise value (EV)	27,553)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 150.31 × 157,097,831

Expedia Group Inc., EV calculation

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Share price^1, 2	$192.12	$146.51	$122.80	$130.80	$104.00
No. shares of common stock outstanding¹	155,754,357	143,864,551	139,989,125	147,190,304	151,833,402
US$ in millions
Common equity (market value)³	29,924)	21,078)	17,191)	19,252)	15,791)
Add: Series A Preferred Stock $.001 par value (book value)	—)	1,022)	—)	—)	—)
Add: Non-redeemable non-controlling interests (book value)	1,495)	1,494)	1,569)	1,547)	1,606)
Total equity	31,419)	23,594)	18,760)	20,799)	17,397)
Add: Current maturities of long-term debt (book value)	735)	—)	749)	—)	500)
Add: Long-term debt, excluding current maturities (book value)	7,715)	8,216)	4,189)	3,717)	3,749)
Total equity and debt	39,869)	31,810)	23,698)	24,516)	21,646)
Less: Cash and cash equivalents	4,111)	3,363)	3,315)	2,443)	2,847)
Less: Restricted cash and cash equivalents	1,694)	772)	779)	259)	69)
Less: Short-term investments	200)	24)	526)	28)	469)
Enterprise value (EV)	33,864)	27,651)	19,078)	21,786)	18,262)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Expedia Group Inc. Annual Report.

³ 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 192.12 × 155,754,357

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Expedia Group Inc. EV increased from 2019 to 2020 and from 2020 to 2021.

Expedia Group Inc. (NASDAQ:EXPE)

Enterprise Value (EV)