Expedia Group Inc
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
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FY2024 · Filed Feb 7, 2025
EXPE$253.77-2.1%Stored close · as of Nov 10, 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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In millions) | |||
| Operating activities: | |||
| Net income | $1,224 | $688 | $343 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation of property and equipment, including internal-use software and website development | 781 | 748 | 704 |
| Amortization of stock-based compensation | 458 | 413 | 374 |
| Amortization of intangible assets | 57 | 59 | 88 |
| Impairment of goodwill and intangible assets | 147 | 426 | 81 |
| Deferred income taxes | 74 | 62 | 70 |
| Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net | 95 | (16) | 128 |
| Realized (gain) loss on foreign currency forwards, net | 40 | — | 78 |
| (Gain) loss on minority equity investments, net | (289) | (16) | 345 |
| (Gain) loss on debt extinguishment, net | — | — | (49) |
| Other | 79 | 55 | 17 |
| Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | |||
| Accounts receivable | (467) | (741) | (838) |
| Prepaid expenses and other assets | 67 | 98 | 55 |
| Accounts payable, merchant | (10) | 332 | 375 |
| Accounts payable, other, accrued expenses and other liabilities | (11) | 101 | 194 |
| Tax payable/receivable, net | 46 | (91) | 11 |
| Deferred merchant bookings | 794 | 572 | 1,464 |
| Net cash provided by operating activities | 3,085 | 2,690 | 3,440 |
| Investing activities: | |||
| Capital expenditures, including internal-use software and website development | (756) | (846) | (662) |
| Purchases of investments | (549) | (28) | (60) |
| Sales and maturities of investments | 78 | 49 | 205 |
| Proceeds from initial exchange of cross-currency interest rate swaps | — | — | 337 |
| Payments for initial exchange of cross-currency interest rate swaps | — | — | (337) |
| Other, net | (35) | 25 | (63) |
| Net cash used in investing activities | (1,262) | (800) | (580) |
| Financing activities: | |||
| Payment of long-term debt | — | — | (2,141) |
| Debt extinguishment costs | — | — | (22) |
| Purchases of treasury stock | (1,839) | (2,137) | (607) |
| Proceeds from exercise of equity awards and employee stock purchase plan | 116 | 101 | 131 |
| Other, net | (22) | (60) | 15 |
| Net cash used in financing activities | (1,745) | (2,096) | (2,624) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | (165) | 16 | (190) |
| Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents | (87) | (190) | 46 |
| Cash, cash equivalents and restricted cash and cash equivalents at beginning of year | 5,661 | 5,851 | 5,805 |
| Cash, cash equivalents and restricted cash and cash equivalents at end of year | $5,574 | $5,661 | $5,851 |
| Supplemental cash flow information | |||
| Cash paid for interest | $231 | $231 | $291 |
| Income tax payments, net | 184 | 281 | 102 |
F- 8
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