Expedia Group Inc
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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FY2023 · Filed Feb 9, 2024
EXPE$259.16-0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows F-
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In millions) | |||
| Operating activities: | |||
| Net income | $688 | $343 | $15 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation of property and equipment, including internal-use software and website development | 748 | 704 | 715 |
| Amortization of stock-based compensation | 413 | 374 | 418 |
| Amortization of intangible assets | 59 | 88 | 99 |
| Impairment of goodwill, intangible and other long-term assets | 426 | 81 | 20 |
| Deferred income taxes | 62 | 70 | (145) |
| Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net | (16) | 128 | 105 |
| Realized loss on foreign currency forwards, net | — | 78 | 16 |
| (Gain) loss on minority equity investments, net | (16) | 345 | 29 |
| (Gain) loss on debt extinguishment, net | — | (49) | 280 |
| Gain on sale of business, net | (25) | (6) | (456) |
| Other | 80 | 23 | 32 |
| Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | |||
| Accounts receivable | (741) | (838) | (721) |
| Prepaid expenses and other assets | 98 | 55 | (224) |
| Accounts payable, merchant | 332 | 375 | 777 |
| Accounts payable, other, accrued expenses and other liabilities | 101 | 194 | 136 |
| Tax payable/receivable, net | (91) | 11 | 10 |
| Deferred merchant bookings | 572 | 1,464 | 2,642 |
| Net cash provided by operating activities | 2,690 | 3,440 | 3,748 |
| Investing activities: | |||
| Capital expenditures, including internal-use software and website development | (846) | (662) | (673) |
| Purchases of investments | (28) | (60) | (201) |
| Sales and maturities of investments | 49 | 205 | 23 |
| Cash and restricted cash divested from sale of business, net of proceeds | 25 | 4 | (60) |
| Proceeds from initial exchange of cross-currency interest rate swaps | — | 337 | — |
| Payments for initial exchange of cross-currency interest rate swaps | — | (337) | — |
| Other, net | — | (67) | (20) |
| Net cash used in investing activities | (800) | (580) | (931) |
| Financing activities: | |||
| Proceeds from issuance of long-term debt, net of issuance costs | — | — | 1,964 |
| Payment of long-term debt | — | (2,141) | (1,706) |
| Debt extinguishment costs | — | (22) | (258) |
| Redemption of preferred stock | — | — | (1,236) |
| Purchases of treasury stock | (2,137) | (607) | (165) |
| Payment of dividends to preferred stockholders | — | — | (67) |
| Proceeds from exercise of equity awards and employee stock purchase plan | 101 | 131 | 503 |
| Other, net | (60) | 15 | (8) |
| Net cash used in financing activities | (2,096) | (2,624) | (973) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | 16 | (190) | (177) |
| Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents | (190) | 46 | 1,667 |
| Cash, cash equivalents and restricted cash and cash equivalents at beginning of year | 5,851 | 5,805 | 4,138 |
| Cash, cash equivalents and restricted cash and cash equivalents at end of year | $5,661 | $5,851 | $5,805 |
| Supplemental cash flow information | |||
| Cash paid for interest | $231 | $291 | $342 |
| Income tax payments, net | 281 | 102 | 74 |
F- 8
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