Booking Holdings Inc(NASDAQ:BKNG) 
Booking Holdings Inc. provides travel and restaurant online reservation and related services worldwide. The company operates Booking.com, which offers online accommodation reservations; Rentalcars.com that provides online rental car reservation services; Priceline, which offer online travel reservat...
Website: http://www.bookingholdings.com
Founded: 1996
Full Time Employees: 23,000
CEO: Glenn D. Fogel
Sector: Consumer Cyclical
Industry: Travel Services
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At a glance:
- Asset-Light, High-Margin Online Travel Platform: Booking Holdings operates a global online travel marketplace (Booking.com, Priceline, Agoda, Kayak) with an asset-light model that can support strong margins and cash generation versus traditional travel operators.
- Strong Exposure to Global Travel Demand Cycles: Results are closely tied to leisure and business travel volumes; demand can rebound quickly in favorable environments but is vulnerable to macro slowdowns, geopolitical events, and changes in consumer spending.
- Competitive Pressure and Rising Customer Acquisition Costs: Competition from other OTAs, direct hotel/airline channels, and large metasearch/ad platforms can increase marketing spend and pressure take rates, making traffic acquisition efficiency a key performance driver.
- Payments, Connected Trip, and Alternative Accommodations as Growth Drivers: Expansion in payments, cross-selling across trip components, and growth in alternative accommodations and experiences are central to increasing attachment rates, customer lifetime value, and platform differentiation.
- Regulatory and Platform-Dependency Risks Remain Material: Ongoing scrutiny around pricing parity, consumer protection, data/privacy, and competition policy—along with dependence on search and app ecosystems for traffic—can affect distribution costs and operating practices.
Bull Thesis:
- Continued Robust Travel Demand & Market Leadership: The global travel industry continues to show strong resilience and growth post-pandemic. Booking Holdings, with its dominant brands like Booking.com and Agoda, is well-positioned to capture a significant share of this demand, leveraging its extensive inventory and user base to maintain its market leadership across various geographies.
- Strong Financial Performance & Cash Generation: Booking Holdings consistently demonstrates robust financial health, characterized by high revenue growth, strong profitability, and significant free cash flow generation. This financial strength allows for continued investment in technology, marketing, and potential acquisitions, further solidifying its competitive advantage and providing shareholder returns.
- Diversified Portfolio & Global Reach: The company's portfolio spans various travel segments (hotels, flights, car rentals, experiences) and operates globally through multiple strong brands (Booking.com, Priceline, Agoda, Kayak, OpenTable). This diversification reduces reliance on any single market or product, providing stability and multiple avenues for growth even amidst regional economic fluctuations.
- Technological Edge & AI Integration: Booking Holdings continuously invests in advanced technology, including AI and machine learning, to enhance user experience, personalize recommendations, optimize pricing, and improve operational efficiency. This technological advantage helps drive conversion rates, customer loyalty, and cost savings, staying ahead of competitors.
Bear Thesis:
- Intensifying Competition & Margin Pressure: The online travel agency (OTA) market faces fierce competition from rivals like Expedia, Airbnb, and increasingly, Google Travel, which is pushing its own booking solutions. This intense competition could lead to higher marketing expenses, pressure on commission rates from suppliers, and potential erosion of profit margins.
- Macroeconomic Headwinds & Consumer Spending: Global economic uncertainties, including persistent inflation, rising interest rates, and the risk of recession, could significantly impact discretionary consumer spending on travel. A downturn in economic activity could lead to reduced travel demand, lower average daily rates, and slower growth for Booking Holdings.
- Regulatory Scrutiny & Potential Fines: Booking Holdings faces increasing regulatory scrutiny worldwide regarding its market dominance, pricing practices (e.g., parity clauses), and data privacy. Potential antitrust investigations, new regulations, or significant fines in key markets could disrupt business operations, increase compliance costs, and negatively impact profitability.
- High Valuation & Growth Deceleration: Following a strong post-pandemic recovery, Booking Holdings' stock may be trading at a high valuation relative to its historical averages and future growth prospects. As the travel recovery normalizes, the pace of revenue and earnings growth might decelerate, potentially making the current valuation unsustainable without new significant growth drivers.
Main Competitors:
- Expedia Group ($EXPE) (Expedia.com, Hotels.com, Vrbo), The most direct competitor, Expedia Group operates a vast portfolio of online travel agencies (OTAs) offering a comprehensive range of travel services including hotels, flights, car rentals, vacation rentals, and packages globally. They compete directly for market share, supplier relationships, and customer bookings across all major travel segments.
- Airbnb, Inc. ($ABNB) (Airbnb platform), Primarily competes in the alternative accommodations market (short-term rentals, vacation homes, unique stays), a segment where Booking Holdings also has a significant presence through Booking.com's non-hotel listings. Airbnb competes for hosts, guests, and market share in the growing peer-to-peer lodging and experiences sector.
- Alphabet Inc. (Google) ($GOOGL) (Google Flights, Google Hotels, Google Travel), Google competes by offering its own travel search and booking tools directly within its dominant search engine. This allows Google to disintermediate OTAs by directing users to its own products or directly to suppliers, competing for user traffic, booking conversions, and advertising revenue from travel companies.
- TripAdvisor, Inc. ($TRIP) (TripAdvisor website and app), Competes as a meta-search engine and review platform that also facilitates bookings for hotels, flights, restaurants, and experiences. They vie for user attention during the travel planning phase and for booking conversions by aggregating offers from various OTAs and direct suppliers, including Booking Holdings' brands.
Moat:
Booking Holdings Inc. operates in a highly competitive global travel market. Its primary moat lies in its extensive network of suppliers (hotels, airlines, car rentals, restaurants), strong brand recognition across its portfolio (Booking.com, Priceline, Agoda), and significant marketing spend. Competition is fierce, coming from other large online travel agencies like Expedia Group, specialized platforms like Airbnb in the alternative accommodations space, and tech giants like Google that leverage their search dominance to enter the travel booking funnel. Additionally, meta-search sites and direct booking efforts by hotel chains and airlines also constantly vie for the same customers, necessitating continuous innovation in user experience, technology, and supplier relationships to maintain market leadership.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
merchant revenues | 3,698,000,000 | 4,249,000,000 | 6,131,000,000 | 4,457,000,000 | 2,918,000,000 | 3,336,000,000 | 4,972,000,000 | 3,446,000,000 | 2,388,000,000 | 2,469,000,000 | 3,945,000,000 | 2,770,000,000 | 1,752,000,000 | 1,780,000,000 | 2,614,000,000 | 1,749,000,000 | 1,050,000,000 | 1,040,000,000 | 1,622,000,000 | 661,000,000 | 373,000,000 | 376,000,000 | 837,000,000 | 245,000,000 | 659,000,000 | 955,000,000 | 1,313,000,000 | 959,000,000 | 603,000,000 | 701,008,000 | 1,049,661,000 | 709,864,000 | 526,467,000 | 508,550,000 | 684,289,000 | 498,133,000 | 442,045,000 | 439,816,000 | 620,290,000 | 517,867,000 | 470,032,000 | 445,782,000 | 596,503,000 | 546,013,000 | 494,675,000 | 478,268,000 | 613,535,000 | 567,253,000 | 526,998,000 | 481,782,000 | 620,904,000 | 580,224,000 | 528,564,000 | 472,350,000 | 584,969,000 | 551,024,000 | 496,409,000 | 445,868,000 | 573,230,000 | 530,530,000 | 454,804,000 | 382,233,000 | 494,473,000 | 446,669,000 | 368,265,000 | 317,407,000 | 400,314,000 | 392,822,000 | 337,034,000 | 174,880,000 | 238,558,000 | 250,524,000 | 210,438,000 | 173,230,000 | 222,142,000 | 246,504,000 | 217,528,000 | 249,860,000 | 217,011,000 | 176,319,000 | 240,584,000 | ||||||||||
agency revenues | 1,528,000,000 | 1,791,000,000 | 2,569,000,000 | 2,044,000,000 | 1,564,000,000 | 1,864,000,000 | 2,753,000,000 | 2,144,000,000 | 1,763,000,000 | 2,068,000,000 | 3,135,000,000 | 2,429,000,000 | 1,782,000,000 | 2,049,000,000 | 3,203,000,000 | 2,301,000,000 | 1,450,000,000 | 1,751,000,000 | 2,867,000,000 | 1,328,000,000 | 717,000,000 | 810,000,000 | 1,723,000,000 | 357,000,000 | 1,424,000,000 | 2,126,000,000 | 3,435,000,000 | 2,607,000,000 | 1,949,000,000 | 2,259,494,000 | 3,540,874,000 | 2,566,293,000 | 2,113,339,000 | 2,072,736,000 | 3,523,706,000 | 2,332,371,000 | 1,785,313,000 | 1,736,677,000 | 2,892,449,000 | 1,852,961,000 | 1,500,029,000 | 1,400,724,000 | 2,345,673,000 | 1,582,153,000 | 1,199,348,000 | 1,230,633,000 | 2,099,629,000 | 1,474,396,000 | 1,041,144,000 | 999,687,000 | 1,576,434,000 | 1,064,640,000 | 769,928,000 | 715,064,000 | 1,118,128,000 | 771,996,000 | 537,627,000 | 542,049,000 | 876,601,000 | 569,181,000 | 351,422,000 | 345,838,000 | 504,010,000 | 317,512,000 | 213,242,000 | 220,496,000 | 323,188,000 | 204,485,000 | 120,225,000 | 132,973,000 | 232,638,000 | 173,249,000 | 109,932,000 | 105,768,000 | 139,623,000 | 98,344,000 | 54,511,000 | 39,899,750 | 73,326,000 | 55,892,000 | 30,381,000 | 29,771,000 | 35,497,000 | 18,858,000 | 14,925,000 | 8,747,000 | 6,448,000 | 3,178,000 | 1,895,000 | ||
advertising and other revenues | 306,000,000 | 309,000,000 | 308,000,000 | 297,000,000 | 280,000,000 | 271,000,000 | 269,000,000 | 269,000,000 | 264,000,000 | 247,000,000 | 261,000,000 | 263,000,000 | 244,000,000 | 220,000,000 | 235,000,000 | 244,000,000 | 195,000,000 | 190,000,000 | 187,000,000 | 171,000,000 | 51,000,000 | 52,000,000 | 80,000,000 | 28,000,000 | 205,000,000 | 258,000,000 | 292,000,000 | 284,000,000 | 285,000,000 | 252,113,000 | 258,555,000 | 260,937,000 | 288,395,000 | 221,807,000 | 226,034,000 | 194,052,000 | 192,046,000 | 171,940,000 | 177,813,000 | 185,074,000 | 178,058,000 | 153,489,000 | 160,725,000 | 152,231,000 | 146,671,000 | 131,196,000 | 123,333,000 | 81,926,000 | 73,660,000 | 59,684,000 | 72,565,000 | 35,374,000 | |||||||||||||||||||||||||||||||||||||||
total revenues | 5,532,000,000 | 6,349,000,000 | 9,008,000,000 | 6,798,000,000 | 4,762,000,000 | 5,471,000,000 | 7,994,000,000 | 5,859,000,000 | 4,415,000,000 | 4,784,000,000 | 7,341,000,000 | 5,462,000,000 | 3,778,000,000 | 4,049,000,000 | 6,052,000,000 | 4,294,000,000 | 2,695,000,000 | 2,981,000,000 | 4,676,000,000 | 2,160,000,000 | 1,141,000,000 | 1,238,000,000 | 2,640,000,000 | 630,000,000 | 2,288,000,000 | 3,339,000,000 | 5,040,000,000 | 3,850,000,000 | 2,837,000,000 | 3,212,615,000 | 4,849,090,000 | 3,537,094,000 | 2,928,201,000 | 2,803,093,000 | 4,434,029,000 | 3,024,556,000 | 2,419,404,000 | 2,348,433,000 | 3,690,552,000 | 2,555,902,000 | 2,148,119,000 | 1,999,995,000 | 3,102,901,000 | 2,280,397,000 | 1,840,694,000 | 1,840,097,000 | 2,836,497,000 | 2,123,575,000 | 1,641,802,000 | 1,541,153,000 | 2,269,903,000 | 1,680,238,000 | 1,302,012,000 | 1,190,640,000 | 1,706,310,000 | 1,326,759,000 | 1,037,247,000 | 990,771,000 | 1,452,804,000 | 1,102,716,000 | 809,320,000 | 731,314,000 | 1,001,757,000 | 767,439,000 | 584,394,000 | 541,753,000 | 730,660,000 | 603,741,000 | 462,058,000 | 406,042,000 | 561,609,000 | 513,976,000 | 403,180,000 | 334,853,000 | 417,287,000 | 355,880,000 | 301,389,000 | 260,071,000 | 313,467,000 | 307,651,000 | 241,914,000 | 203,913,000 | 258,797,000 | 266,557,000 | 233,392,000 | 259,389,000 | 224,131,000 | 180,167,000 | 243,441,000 | ||
yoy | 16.17% | 16.05% | 12.68% | 16.03% | 7.86% | 14.36% | 8.90% | 7.27% | 16.86% | 18.15% | 21.30% | 27.20% | 40.19% | 35.83% | 29.43% | 98.80% | 136.20% | 140.79% | 77.12% | 242.86% | -50.13% | -62.92% | -47.62% | -83.64% | -19.35% | 3.93% | 3.94% | 8.85% | -3.11% | 14.61% | 9.36% | 16.95% | 21.03% | 19.36% | 20.15% | 18.34% | 12.63% | 17.42% | 18.94% | 12.08% | 16.70% | 8.69% | 9.39% | 7.38% | 12.11% | 19.40% | 24.96% | 26.39% | 26.10% | 29.44% | 33.03% | 26.64% | 25.53% | 20.17% | 17.45% | 20.32% | 28.16% | 35.48% | 45.03% | 43.69% | 38.49% | 34.99% | 37.10% | 27.11% | 26.48% | 33.42% | 30.10% | 17.46% | 14.60% | 21.26% | 34.59% | 44.42% | 33.77% | 28.75% | 33.12% | 15.68% | 24.59% | 27.54% | 21.12% | 15.42% | 3.65% | 2.76% | 4.13% | ||||||||
qoq | -12.87% | -29.52% | 32.51% | 42.76% | -12.96% | -31.56% | 36.44% | 32.71% | -7.71% | -34.83% | 34.40% | 44.57% | -6.69% | -33.10% | 40.94% | 59.33% | -9.59% | -36.25% | 116.48% | 89.31% | -7.84% | -53.11% | 319.05% | -72.47% | -31.48% | -33.75% | 30.91% | 35.71% | -11.69% | -33.75% | 37.09% | 20.79% | 4.46% | -36.78% | 46.60% | 25.01% | 3.02% | -36.37% | 44.39% | 18.98% | 7.41% | -35.54% | 36.07% | 23.89% | 0.03% | -35.13% | 33.57% | 29.34% | 6.53% | -32.10% | 35.09% | 29.05% | 9.35% | -30.22% | 28.61% | 27.91% | 4.69% | -31.80% | 31.75% | 36.25% | 10.67% | -27.00% | 30.53% | 31.32% | 7.87% | -25.85% | 21.02% | 30.66% | 13.80% | -27.70% | 9.27% | 27.48% | 20.41% | -19.75% | 17.25% | 18.08% | 15.89% | -17.03% | 1.89% | 27.17% | 18.64% | -21.21% | -2.91% | 14.21% | 15.73% | 24.40% | -25.99% | ||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketing expenses | 2,068,000,000 | 1,930,000,000 | 2,340,000,000 | 2,139,000,000 | 1,777,000,000 | 1,578,000,000 | 2,151,000,000 | 1,939,000,000 | 1,610,000,000 | 1,433,000,000 | 2,022,000,000 | 1,801,000,000 | 1,517,000,000 | 1,314,000,000 | 1,795,000,000 | 1,737,000,000 | 1,147,000,000 | 974,000,000 | 1,378,000,000 | 988,000,000 | 461,000,000 | 386,000,000 | 731,000,000 | 211,000,000 | 851,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and other expenses | 804,000,000 | 830,000,000 | 1,022,000,000 | 899,000,000 | 702,000,000 | 750,000,000 | 872,000,000 | 820,000,000 | 678,000,000 | 813,000,000 | 723,000,000 | 666,000,000 | 542,000,000 | 474,000,000 | 540,000,000 | 465,000,000 | 339,000,000 | 261,000,000 | 302,000,000 | 206,000,000 | 112,000,000 | 118,000,000 | 129,000,000 | 131,000,000 | 377,000,000 | 216,000,000 | 276,000,000 | 248,000,000 | 215,000,000 | 217,633,000 | 242,974,000 | 203,593,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
personnel, including stock-based compensation | 893,000,000 | 869,000,000 | 945,000,000 | 896,000,000 | 693,000,000 | 853,000,000 | 868,000,000 | 807,000,000 | 826,000,000 | 1,032,000,000 | 788,000,000 | 752,000,000 | 722,000,000 | 598,000,000 | 636,000,000 | 635,000,000 | 596,000,000 | 485,000,000 | 591,000,000 | 686,000,000 | 552,000,000 | 491,000,000 | 517,000,000 | 452,000,000 | 484,000,000 | 562,000,000 | 566,000,000 | 619,000,000 | 501,000,000 | 484,128,000 | 536,735,000 | 522,250,000 | 498,887,000 | 439,405,000 | 483,438,000 | 385,708,000 | 351,030,000 | 361,417,000 | 347,610,000 | 332,654,000 | 308,351,000 | 312,757,000 | 305,329,000 | 289,156,000 | 258,984,000 | 274,337,000 | 259,471,000 | 221,852,000 | 194,531,000 | 212,034,000 | 186,443,000 | 165,997,000 | 134,218,000 | 122,912,000 | 135,210,000 | 108,030,000 | 100,676,000 | 96,845,000 | 94,463,000 | 85,766,000 | 75,221,000 | 75,436,000 | 82,007,000 | 62,850,000 | 49,777,000 | 44,819,000 | 50,959,000 | 44,864,000 | 39,510,000 | 41,998,000 | 45,259,000 | 39,644,000 | 36,883,000 | 30,884,000 | 27,182,000 | 23,435,000 | 21,490,000 | 14,217,250 | 21,658,000 | 18,757,000 | 16,454,000 | 14,855,000 | 13,820,000 | 9,761,000 | 11,222,000 | ||||||
general and administrative | 100,000,000 | 262,000,000 | 254,000,000 | 199,000,000 | 142,000,000 | 163,000,000 | 575,000,000 | 112,000,000 | 186,000,000 | 575,000,000 | 387,000,000 | 304,000,000 | 289,000,000 | 307,000,000 | 262,000,000 | 207,000,000 | 158,000,000 | 188,000,000 | 179,000,000 | 134,000,000 | 119,000,000 | 128,000,000 | 148,000,000 | 104,000,000 | 201,000,000 | 201,000,000 | 225,000,000 | 180,000,000 | 191,000,000 | 194,880,000 | 183,228,000 | 158,753,000 | 162,139,000 | 165,537,000 | 142,823,000 | 141,634,000 | 135,547,000 | 115,636,000 | 114,586,000 | 112,642,000 | 113,045,000 | 106,591,000 | 109,706,000 | 98,945,000 | 100,178,000 | 90,919,000 | 97,902,000 | 91,067,000 | 72,981,000 | 74,799,000 | 63,113,000 | 64,921,000 | 50,161,000 | 50,403,000 | 42,287,000 | 39,807,000 | 40,674,000 | 36,318,000 | 31,717,000 | 29,736,000 | 25,879,000 | 24,961,000 | 15,730,000 | 22,462,000 | 18,033,000 | 12,220,250 | 19,367,000 | 14,728,000 | 14,788,000 | ||||||||||||||||||||||
information technology | 240,000,000 | 247,000,000 | 242,000,000 | 219,000,000 | 200,000,000 | 207,000,000 | 194,000,000 | 183,000,000 | 187,000,000 | 187,000,000 | 187,000,000 | 144,000,000 | 137,000,000 | 126,000,000 | 129,000,000 | 137,000,000 | 134,000,000 | 123,000,000 | 109,000,000 | 93,000,000 | 87,000,000 | 80,000,000 | 71,000,000 | 70,000,000 | 78,000,000 | 79,000,000 | 71,000,000 | 70,000,000 | 65,000,000 | 55,867,000 | 57,742,000 | 58,950,000 | 60,441,000 | 56,667,000 | 47,901,000 | 44,831,000 | 39,945,000 | 37,419,000 | 36,389,000 | 35,797,000 | 32,788,000 | 32,270,000 | 28,830,000 | 27,156,000 | 25,361,000 | 25,430,000 | 24,802,000 | 24,042,000 | 23,224,000 | 23,173,000 | 18,536,000 | 16,959,000 | 13,222,000 | 11,711,000 | 10,799,000 | 10,440,000 | 10,735,000 | 10,357,000 | 8,548,000 | 8,239,000 | 6,670,000 | 6,148,000 | 5,347,000 | 4,895,000 | 4,608,000 | 5,137,000 | 4,777,000 | 4,697,000 | 4,527,000 | 4,268,000 | 4,402,000 | 5,136,000 | 4,149,000 | 4,373,000 | 3,343,000 | 3,152,000 | 2,911,000 | 1,797,500 | 2,551,000 | 2,332,000 | 2,307,000 | 2,599,000 | 2,508,000 | 2,776,000 | 2,739,000 | 2,455,000 | 2,514,000 | 2,049,000 | 1,878,000 | ||
depreciation and amortization | 131,000,000 | 151,000,000 | 160,000,000 | 158,000,000 | 154,000,000 | 157,000,000 | 155,000,000 | 142,000,000 | 137,000,000 | 134,000,000 | 129,000,000 | 121,000,000 | 120,000,000 | 124,000,000 | 109,000,000 | 107,000,000 | 111,000,000 | 98,000,000 | 102,000,000 | 108,000,000 | 113,000,000 | 114,000,000 | 115,000,000 | 112,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 119,000,000 | 116,000,000 | 108,603,000 | 107,641,000 | 106,666,000 | 103,090,000 | 97,562,000 | 95,910,000 | 85,872,000 | 83,430,000 | 79,807,000 | 78,745,000 | 77,712,000 | 72,871,000 | 70,764,000 | 69,054,000 | 67,674,000 | 65,002,000 | 71,558,000 | 57,599,000 | 40,287,000 | 38,376,000 | 37,121,000 | 35,747,000 | 26,027,000 | 19,080,000 | 17,628,000 | 16,007,000 | 15,663,000 | 15,842,000 | 13,737,000 | 13,957,000 | 13,651,000 | 12,479,000 | 12,451,000 | 12,775,000 | 10,758,000 | 9,779,000 | 10,011,000 | 10,098,000 | 9,723,000 | 9,361,000 | 10,444,000 | 10,935,000 | 11,064,000 | 10,353,000 | 10,439,000 | 9,131,000 | 8,997,000 | 8,505,000 | 6,242,500 | 8,664,000 | 8,360,000 | 7,946,000 | 7,715,000 | 7,138,000 | 5,047,000 | 5,466,000 | 2,565,000 | 2,220,000 | 2,324,000 | 2,510,000 | ||
transformation costs | 25,000,000 | 30,000,000 | 105,000,000 | 38,000,000 | 32,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 4,261,000,000 | 4,319,000,000 | 5,525,000,000 | 4,548,000,000 | 3,700,000,000 | 3,742,000,000 | 4,815,000,000 | 4,003,000,000 | 3,624,000,000 | 4,175,000,000 | 4,238,000,000 | 3,789,000,000 | 3,328,000,000 | 2,704,000,000 | 3,469,000,000 | 3,294,000,000 | 2,521,000,000 | 2,133,000,000 | 2,661,000,000 | 2,216,000,000 | 1,452,000,000 | 1,391,000,000 | 2,325,000,000 | 1,114,000,000 | 2,597,000,000 | 2,167,000,000 | 2,670,000,000 | 2,603,000,000 | 2,281,000,000 | 2,069,694,000 | 2,602,501,000 | 2,315,839,000 | 2,197,966,000 | 1,783,473,000 | 2,272,752,000 | 2,058,555,000 | 1,777,773,000 | 1,486,000,000 | 2,755,836,000 | 1,697,411,000 | 1,469,132,000 | 1,221,483,000 | 1,458,575,000 | 1,414,575,000 | 1,238,267,000 | 1,095,818,000 | 1,297,273,000 | 1,149,982,000 | 967,745,000 | 832,454,000 | 942,168,000 | 829,024,000 | 699,826,000 | 565,435,000 | 640,909,000 | 545,787,000 | 501,757,000 | 420,920,000 | 483,770,000 | 424,519,000 | 351,749,000 | 289,452,000 | 329,419,000 | 272,096,000 | 231,207,000 | 195,327,000 | 233,251,000 | 195,863,000 | 165,488,000 | 156,232,000 | 188,156,000 | 172,771,000 | 149,338,000 | 116,141,000 | 124,247,000 | 109,637,000 | 151,452,000 | 86,941,000 | 91,945,000 | 86,767,000 | 73,460,000 | 58,885,000 | 67,110,000 | 53,444,000 | 52,540,000 | 42,819,000 | 38,695,000 | 29,866,000 | 32,536,000 | ||
operating income | 1,271,000,000 | 2,030,000,000 | 3,483,000,000 | 2,250,000,000 | 1,062,000,000 | 1,729,000,000 | 3,179,000,000 | 1,856,000,000 | 791,000,000 | 609,000,000 | 3,103,000,000 | 1,673,000,000 | 450,000,000 | 1,345,000,000 | 2,583,000,000 | 1,000,000,000 | 174,000,000 | 848,000,000 | 2,015,000,000 | -56,000,000 | -311,000,000 | -153,000,000 | 315,000,000 | -484,000,000 | -309,000,000 | 1,172,000,000 | 2,370,000,000 | 1,247,000,000 | 556,000,000 | 1,142,921,000 | 2,246,589,000 | 1,221,255,000 | 730,235,000 | 986,470,000 | 2,101,801,000 | 893,259,000 | 556,462,000 | 790,361,000 | 833,227,000 | 732,407,000 | 550,318,000 | 657,900,000 | 1,488,707,000 | 678,331,000 | 433,969,000 | 578,867,000 | 1,322,705,000 | 733,014,000 | 438,726,000 | 500,847,000 | 1,046,897,000 | 554,831,000 | 309,839,000 | 374,315,000 | 755,592,000 | 458,355,000 | 241,531,000 | 303,778,000 | 616,378,000 | 324,708,000 | 154,059,000 | 188,960,000 | 336,769,000 | 173,159,000 | 87,909,000 | 117,862,000 | 200,755,000 | 109,375,000 | 42,842,000 | 48,833,000 | 127,922,000 | 80,954,000 | 31,765,000 | 44,012,000 | 78,084,000 | 47,574,000 | 12,576,000 | 31,602,000 | 19,037,000 | 6,034,000 | 12,892,000 | 11,790,000 | 5,167,000 | 10,960,000 | 4,679,000 | 1,950,000 | 8,112,000 | ||||
yoy | 19.68% | 17.41% | 9.56% | 21.23% | 34.26% | 183.91% | 2.45% | 10.94% | 75.78% | -54.72% | 20.13% | 67.30% | 158.62% | 58.61% | 28.19% | -1885.71% | -155.95% | -654.25% | 539.68% | -88.43% | 0.65% | -113.05% | -86.71% | -138.81% | -155.58% | 2.54% | 5.49% | 2.11% | -23.86% | 15.86% | 6.89% | 36.72% | 31.23% | 24.81% | 152.25% | 21.96% | 1.12% | 20.13% | -44.03% | 7.97% | 26.81% | 13.65% | 12.55% | -7.46% | -1.08% | 15.58% | 26.35% | 32.11% | 41.60% | 33.80% | 38.55% | 21.05% | 28.28% | 23.22% | 22.59% | 41.16% | 56.78% | 60.76% | 83.03% | 87.52% | 75.25% | 60.32% | 67.75% | 58.32% | 105.19% | 141.36% | 56.94% | 35.11% | 34.87% | 10.95% | 63.83% | 70.16% | 249.97% | 147.09% | 149.90% | 108.42% | 145.13% | 61.47% | 7.57% | 10.43% | |||||||||||
qoq | -37.39% | -41.72% | 54.80% | 111.86% | -38.58% | -45.61% | 71.28% | 134.64% | 29.89% | -80.37% | 85.48% | 271.78% | -66.54% | -47.93% | 158.30% | 474.71% | -79.48% | -57.92% | -3698.21% | -81.99% | 103.27% | -148.57% | -165.08% | 56.63% | -126.37% | -50.55% | 90.06% | 124.28% | -51.35% | -49.13% | 83.96% | 67.24% | -25.97% | -53.07% | 135.30% | 60.52% | -29.59% | -5.14% | 13.77% | 33.09% | -16.35% | -55.81% | 119.47% | 56.31% | -25.03% | -56.24% | 80.45% | 67.08% | -12.40% | -52.16% | 88.69% | 79.07% | -17.23% | -50.46% | 64.85% | 89.77% | -20.49% | -50.72% | 89.83% | 110.77% | -18.47% | -43.89% | 94.49% | 96.98% | -25.41% | -41.29% | 83.55% | 155.30% | -12.27% | -61.83% | 58.02% | 154.85% | -27.83% | -43.64% | 64.13% | -60.21% | 66.00% | -53.20% | 9.35% | 128.18% | 134.24% | 139.95% | -75.96% | ||||||||
operating margin % | 22.98% | 31.97% | 38.67% | 33.10% | 22.30% | 31.60% | 39.77% | 31.68% | 17.92% | 12.73% | 42.27% | 30.63% | 11.91% | 33.22% | 42.68% | 23.29% | 6.46% | 28.45% | 43.09% | -2.59% | -27.26% | -12.36% | 11.93% | -76.83% | -13.51% | 35.10% | 47.02% | 32.39% | 19.60% | 35.58% | 46.33% | 34.53% | 24.94% | 35.19% | 47.40% | 29.53% | 23.00% | 33.65% | 22.58% | 28.66% | 25.62% | 32.90% | 47.98% | 29.75% | 23.58% | 31.46% | 46.63% | 34.52% | 26.72% | 32.50% | 46.12% | 33.02% | 23.80% | 31.44% | 44.28% | 34.55% | 23.29% | 30.66% | 42.43% | 29.45% | 19.04% | 25.84% | 33.62% | 22.56% | 15.04% | 21.76% | 27.48% | 18.12% | 9.27% | 12.03% | 22.78% | 15.75% | 7.88% | 13.14% | 18.71% | 13.37% | 0% | 4.84% | 10.08% | 6.19% | 0% | 2.96% | 4.98% | 4.42% | 2.21% | NaN% | NaN% | 4.23% | 2.09% | 1.08% | 3.33% |
interest expense | -253,000,000 | -249,000,000 | -301,000,000 | -418,000,000 | -649,000,000 | -507,000,000 | -305,000,000 | -264,000,000 | -219,000,000 | -208,000,000 | -254,000,000 | -241,000,000 | -194,000,000 | -145,000,000 | -102,000,000 | -76,000,000 | -68,000,000 | -75,000,000 | -80,000,000 | -81,000,000 | -98,000,000 | -98,000,000 | -98,000,000 | -96,000,000 | -64,000,000 | -62,000,000 | -70,000,000 | -68,000,000 | -66,000,000 | -65,758,000 | -68,170,000 | -64,837,000 | -70,235,000 | -70,979,000 | -66,338,000 | -60,942,000 | -55,717,000 | -55,236,000 | -55,480,000 | -50,290,000 | -46,894,000 | -43,767,000 | -41,436,000 | -41,547,000 | -33,479,000 | -30,549,000 | -22,953,000 | -17,106,000 | -17,745,000 | -22,192,000 | -24,135,000 | -19,633,000 | -17,329,000 | -16,856,000 | -17,067,000 | -16,882,000 | -11,258,000 | ||||||||||||||||||||||||||||||||||
interest and dividend income | 187,000,000 | 198,000,000 | 248,000,000 | 234,000,000 | 241,000,000 | 251,000,000 | 327,000,000 | 293,000,000 | 243,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 194,000,000 | -116,000,000 | 39,000,000 | -962,000,000 | -258,000,000 | 91,000,000 | -332,000,000 | 37,000,000 | 122,000,000 | 10,000,000 | 300,000,000 | 186,000,000 | 47,000,000 | 252,000,000 | -305,000,000 | 220,000,000 | -955,000,000 | 43,000,000 | -967,000,000 | 96,000,000 | 131,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 1,399,000,000 | 1,863,000,000 | 3,469,000,000 | 1,104,000,000 | 396,000,000 | 1,564,000,000 | 2,869,000,000 | 1,922,000,000 | 937,000,000 | 411,000,000 | 3,149,000,000 | 1,618,000,000 | 303,000,000 | 1,452,000,000 | 2,176,000,000 | 1,144,000,000 | -849,000,000 | 816,000,000 | 968,000,000 | -41,000,000 | -278,000,000 | 80,500,000 | 835,000,000 | 209,000,000 | -722,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 316,000,000 | 435,000,000 | 721,000,000 | 209,000,000 | 63,000,000 | 496,000,000 | 352,000,000 | 401,000,000 | 161,000,000 | 189,000,000 | 638,000,000 | 328,000,000 | 37,000,000 | 217,000,000 | 510,000,000 | 287,000,000 | 198,000,000 | 199,000,000 | 126,000,000 | 410,000,000 | 34,000,000 | 87,000,000 | -23,000,000 | 249,000,000 | 413,000,000 | 228,000,000 | 203,000,000 | -13,934,000 | 473,268,000 | 231,539,000 | 146,127,000 | 1,496,208,000 | 346,454,000 | 142,908,000 | 71,987,000 | 88,755,000 | 291,517,000 | 111,910,000 | 86,069,000 | 112,261,000 | 259,438,000 | 131,345,000 | 73,916,000 | 100,210,000 | 243,336,000 | 139,314,000 | 84,835,000 | 72,110,000 | 187,362,000 | 98,117,000 | 46,150,000 | 609,237,000 | -131,201,000 | -93,025,000 | -47,179,000 | ||||||||||||||||||||||||||||||||||||
net income | 1,083,000,000 | 1,428,000,000 | 2,748,000,000 | 895,000,000 | 333,000,000 | 1,068,000,000 | 2,517,000,000 | 1,521,000,000 | 776,000,000 | 222,000,000 | 2,511,000,000 | 1,290,000,000 | 266,000,000 | 1,235,000,000 | 1,666,000,000 | 857,000,000 | -700,000,000 | 618,000,000 | 769,000,000 | -167,000,000 | -55,000,000 | -165,000,000 | 801,000,000 | 122,000,000 | -699,000,000 | 1,171,000,000 | 1,950,000,000 | 979,000,000 | 765,000,000 | 645,840,000 | 1,767,578,000 | 977,372,000 | 607,210,000 | -555,458,000 | 1,720,391,000 | 720,209,000 | 455,623,000 | 673,908,000 | 506,017,000 | 580,638,000 | 374,424,000 | 504,269,000 | 1,196,732,000 | 517,032,000 | 333,327,000 | 451,831,000 | 1,062,253,000 | 576,451,000 | 331,218,000 | 378,077,000 | 832,989,000 | 437,440,000 | 244,292,000 | 289,595,000 | 599,973,000 | 352,654,000 | 181,816,000 | 225,956,000 | 472,886,000 | 256,277,000 | 104,013,000 | 135,111,000 | 224,560,000 | 114,596,000 | 53,875,000 | 78,455,000 | 318,982,000 | 67,011,000 | 25,023,000 | 33,255,000 | 87,968,000 | 54,096,000 | 18,154,000 | 32,862,000 | 104,365,000 | 34,572,000 | 13,232,000 | 48,817,000 | 12,517,000 | 3,790,000 | 171,570,000 | 12,376,000 | 4,992,000 | 11,401,000 | 5,103,000 | 2,228,000 | 9,730,000 | ||||
yoy | 225.23% | 33.71% | 9.18% | -41.16% | -57.09% | 381.08% | 0.24% | 17.91% | 191.73% | -82.02% | 50.72% | 50.53% | -138.00% | 99.84% | 116.64% | -613.17% | 1172.73% | -474.55% | -4.00% | -236.89% | -92.13% | -114.09% | -58.92% | -87.54% | -191.37% | 81.31% | 10.32% | 0.17% | 25.99% | -216.27% | 2.74% | 35.71% | 33.27% | -182.42% | 239.99% | 24.04% | 21.69% | 33.64% | -57.72% | 12.30% | 12.33% | 11.61% | 12.66% | -10.31% | 0.64% | 19.51% | 27.52% | 31.78% | 35.58% | 30.55% | 38.84% | 24.04% | 34.36% | 28.16% | 26.87% | 37.61% | 74.80% | 67.24% | 110.58% | 123.64% | 93.06% | 72.21% | -29.60% | 71.01% | 115.30% | 135.92% | 262.61% | 23.87% | 37.84% | 1.20% | -15.71% | 56.47% | 148.35% | 113.79% | 176.20% | 249.13% | -71.55% | 1.14% | 8.55% | -2.18% | |||||||||||
qoq | -24.16% | -48.03% | 207.04% | 168.77% | -68.82% | -57.57% | 65.48% | 96.01% | 249.55% | -91.16% | 94.65% | 384.96% | -78.46% | -25.87% | 94.40% | -222.43% | -213.27% | -19.64% | -560.48% | 203.64% | -66.67% | -120.60% | 556.56% | -117.45% | -159.69% | -39.95% | 99.18% | 27.97% | 18.45% | -63.46% | 80.85% | 60.96% | -209.32% | -132.29% | 138.87% | 58.07% | -32.39% | 33.18% | -12.85% | 55.07% | -25.75% | -57.86% | 131.46% | 55.11% | -26.23% | -57.46% | 84.27% | 74.04% | -12.39% | -54.61% | 90.42% | 79.06% | -15.64% | -51.73% | 70.13% | 93.96% | -19.53% | -52.22% | 84.52% | 146.39% | -23.02% | -39.83% | 95.96% | 112.71% | -31.33% | -75.40% | 376.01% | 167.80% | -24.75% | -62.20% | 62.61% | 197.98% | -44.76% | -68.51% | 201.88% | -72.89% | 290.01% | -97.79% | 1286.31% | 147.92% | 123.42% | 129.04% | -77.10% | ||||||||
net income margin % | 19.58% | 22.49% | 30.51% | 13.17% | 6.99% | 19.52% | 31.49% | 25.96% | 17.58% | 4.64% | 34.21% | 23.62% | 7.04% | 30.50% | 27.53% | 19.96% | -25.97% | 20.73% | 16.45% | -7.73% | -4.82% | -13.33% | 30.34% | 19.37% | -30.55% | 35.07% | 38.69% | 25.43% | 26.97% | 20.10% | 36.45% | 27.63% | 20.74% | -19.82% | 38.80% | 23.81% | 18.83% | 28.70% | 13.71% | 22.72% | 17.43% | 25.21% | 38.57% | 22.67% | 18.11% | 24.55% | 37.45% | 27.15% | 20.17% | 24.53% | 36.70% | 26.03% | 18.76% | 24.32% | 35.16% | 26.58% | 17.53% | 22.81% | 32.55% | 23.24% | 12.85% | 18.48% | 22.42% | 14.93% | 9.22% | 14.48% | 43.66% | 11.10% | 5.42% | 8.19% | 15.66% | 10.53% | 4.50% | 9.81% | 25.01% | 9.71% | 0% | 5.09% | 15.57% | 4.07% | 0% | 1.86% | 66.30% | 4.64% | 2.14% | NaN% | NaN% | 4.40% | 2.28% | 1.24% | 4.00% |
net income applicable to common stockholders per basic common share | 1,370,000 | 44,450,000 | 84,860,000 | 27,540,000 | 10,140,000 | 32,580,000 | 75,370,000 | 44,940,000 | 22,690,000 | 7,580,000 | 70,620,000 | 35,160,000 | 7,070,000 | 31,500,000 | 42,100,000 | 21,150,000 | 15,060,000 | 18,730,000 | -4,080,000 | -4,010,000 | 19,560,000 | 2,980,000 | -17,010,000 | 28,090,000 | 46,010,000 | 22,620,000 | 17,010,000 | 84,190,000 | 37,390 | 20,340 | 12,560 | -11,210 | 35,120 | 14,660 | 9,260 | 13,650 | 10,240 | 11,710 | 7,540 | 10,220 | 23,670 | 10,020 | 6,420 | 8,650 | 20,270 | 11,000 | 6,350 | 7,290 | 16,220 | 8,620 | 4,890 | 5,780 | 11,970 | 7,070 | 3,650 | 4,530 | 9,430 | 5,160 | 2,120 | 2,760 | 4,590 | 2,410 | 1,700 | 7,490 | 1,610 | 610 | 800 | 2,220 | 1,400 | 470 | 860 | 2,760 | 920 | -440 | 380 | 1,210 | 320 | -20 | 80 | 4,360 | 320 | 110 | 300 | 120 | 60 | 220 | |||||
weighted-average number of basic common shares outstanding | 790,000,000 | 32,452,000,000 | 32,384,000,000 | 32,494,000,000 | 32,845,000,000 | 33,622,000,000 | 33,401,000,000 | 33,839,000,000 | 34,206,000,000 | 36,140,000,000 | 35,570,000,000 | 36,678,000,000 | 37,621,000,000 | 39,872,000,000 | 39,564,000,000 | 40,512,000,000 | 40,921,000,000 | 41,042,000,000 | 41,068,000,000 | 41,054,000,000 | 40,973,000,000 | 40,974,000,000 | 40,935,000,000 | 40,922,000,000 | 41,093,000,000 | 43,082,000,000 | 42,389,000,000 | 43,251,000,000 | 45,007,000,000 | 47,446,000,000 | 47,268,000 | 48,055,000 | 48,349,000 | 48,994,000 | 48,981,000 | 49,131,000 | 49,192,000 | 49,491,000 | 49,420,000 | 49,604,000 | 49,630,000 | 50,940,000 | 50,550,000 | 51,589,000 | 51,909,000 | 52,301,000 | 52,405,000 | 52,397,000 | 52,153,000 | 50,924,000 | 51,363,000 | 50,760,000 | 49,939,000 | 49,840,000 | 49,851,000 | 49,812,000 | 49,827,000 | 49,654,000 | 49,779,000 | 49,718,000 | 49,319,000 | 47,955,000 | 48,570,000 | 47,791,000 | 46,309,000 | 42,406,000 | 42,569,000 | 41,661,000 | 41,004,000 | 39,299,000 | 39,715,000 | 38,768,000 | 38,224,000 | 37,671,000 | 37,803,000 | 37,597,000 | 37,191,000 | 39,596,000 | 39,481,000 | 39,380,000 | 39,161,000 | 39,156,000 | 39,022,000 | 38,863,000 | 38,304,000 | 38,076,000 | 37,588,000 | 37,804,000 | 38,044,000 | ||
net income applicable to common stockholders per diluted common share | 1,360,000 | 44,180,000 | 84,410,000 | 27,430,000 | 10,070,000 | 32,240,000 | 74,340,000 | 44,380,000 | 22,370,000 | 7,380,000 | 69,800,000 | 34,890,000 | 7,000,000 | 31,350,000 | 41,980,000 | 21,070,000 | 14,950,000 | 18,600,000 | -4,080,000 | -4,000,000 | 19,490,000 | 2,970,000 | -17,010,000 | 27,760,000 | 45,540,000 | 22,440,000 | 16,850,000 | 83,190,930 | 37,020 | 20,130 | 12,340 | -10,990 | 34,430 | 14,390 | 9,110 | 13,460 | 10,130 | 11,600 | 7,470 | 10,050 | 23,410 | 9,940 | 6,360 | 8,540 | 20,030 | 10,890 | 6,250 | 7,110 | 15,720 | 8,390 | 4,760 | 5,610 | 11,660 | 6,880 | 3,540 | 4,400 | 9,170 | 5,020 | 2,050 | 2,650 | 4,410 | 2,260 | 1,460 | 6,420 | 1,380 | 530 | 730 | 1,810 | 1,080 | 370 | 630 | 2,270 | 790 | -440 | 335 | 1,050 | 280 | -20 | 90 | 3,710 | 290 | 100 | 290 | 110 | 60 | 210 | |||||
weighted-average number of diluted common shares outstanding | 794,000,000 | 32,639,000,000 | 32,558,000,000 | 32,619,000,000 | 33,093,000,000 | 34,064,000,000 | 33,864,000,000 | 34,267,000,000 | 34,706,000,000 | 36,530,000,000 | 35,987,000,000 | 36,964,000,000 | 37,983,000,000 | 40,052,000,000 | 39,671,000,000 | 40,665,000,000 | 40,921,000,000 | 41,362,000,000 | 41,342,000,000 | 41,054,000,000 | 40,973,000,000 | 41,160,000,000 | 41,081,000,000 | 40,995,000,000 | 41,093,000,000 | 43,509,000,000 | 42,831,000,000 | 43,601,000,000 | 45,436,000,000 | 48,017,000,000 | 47,751,000 | 48,550,000 | 49,205,000 | 49,954,000 | 49,972,000 | 50,056,000 | 50,025,000 | 50,063,000 | 49,975,000 | 50,059,000 | 50,129,000 | 51,593,000 | 51,130,000 | 52,038,000 | 52,406,000 | 53,023,000 | 53,024,000 | 52,955,000 | 53,018,000 | 52,413,000 | 52,984,000 | 52,111,000 | 51,353,000 | 51,326,000 | 51,185,000 | 51,226,000 | 51,347,000 | 51,211,000 | 51,184,000 | 51,105,000 | 51,159,000 | 50,988,000 | 50,559,000 | 50,847,000 | 50,862,000 | 49,522,000 | 49,670,000 | 48,479,000 | 47,013,000 | 48,671,000 | 48,656,000 | 49,948,000 | 49,134,000 | 45,504,000 | 45,924,000 | 43,667,000 | 37,191,000 | 46,385,000 | 46,993,000 | 39,380,000 | 46,436,000 | 46,485,000 | 46,516,000 | 39,764,000 | 42,327,000 | 39,932,000 | 38,905,000 | 39,009,000 | 39,812,000 | ||
impairment | 457,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring, disposal, and other exit activities | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring, disposal, and other exit costs | 10,000,000 | -2,000,000 | 6,000,000 | 36,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -149,000,000 | -223,000,000 | -29,683,000 | 124,887,000 | -11,228,000 | 26,657,000 | 11,593,000 | -889,000 | 18,113,000 | 741,000 | -2,250,000 | 158,573,000 | 290,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss applicable to common stockholders per basic common share | -17,100,000 | -1,340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss applicable to common stockholders per diluted common share | -17,100,000 | -1,340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and other exit costs | 4,000,000 | 1,000,000 | 8,000,000 | 74,000,000 | 41,000,000 | 34,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill | 573,000,000 | 489,000,000 | 940,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 12,250,000 | 5,000,000 | 12,000,000 | 32,000,000 | 39,000,000 | 44,000,000 | 34,000,000 | 35,000,000 | 45,790,000 | 48,641,000 | 45,690,000 | 46,879,000 | 46,898,000 | 41,483,000 | 36,821,000 | 31,992,000 | 29,089,000 | 24,218,000 | 21,292,000 | 20,347,000 | 16,414,000 | 14,682,000 | 13,037,000 | 11,596,000 | 8,768,000 | 2,490,000 | 1,634,000 | 1,041,000 | 1,285,000 | 867,000 | 1,141,000 | 874,000 | 856,000 | 905,000 | 1,001,000 | 1,098,000 | 2,044,000 | 2,526,000 | 2,129,000 | 1,421,000 | 1,144,000 | 918,000 | 940,000 | 855,000 | 528,000 | 471,000 | 483,000 | 741,000 | 1,580,500 | 2,626,000 | 2,121,000 | 1,575,000 | 1,279,000 | 1,102,000 | 1,712,000 | 1,456,000 | 1,029,000 | 1,110,000 | 935,000 | 596,000 | |||||||||||||||||||||||||||||||
net gains on marketable equity securities | 314,500,000 | 730,000,000 | 835,000,000 | -307,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of investment | -25,000,000 | -100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency transactions and other | -37,250,000 | -117,000,000 | -58,000,000 | 26,000,000 | -55,000,000 | 68,000,000 | -23,000,000 | -8,000,000 | -16,826,000 | -17,072,000 | -15,046,000 | -8,056,000 | -14,042,000 | -10,101,000 | -6,021,000 | -5,127,000 | -1,551,000 | -4,431,000 | 1,997,000 | -12,928,000 | -14,017,000 | -5,783,000 | -1,444,000 | -4,843,000 | -5,045,000 | 3,347,000 | -1,777,000 | -5,969,000 | -29,753,000 | -3,278,000 | -782,000 | -2,942,000 | -2,293,000 | -8,256,000 | 3,205,000 | -2,376,000 | 827,000 | 1,039,000 | 3,817,000 | 3,500,000 | 30,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 200,000,000 | 520,000,000 | 693,000,000 | -413,000,000 | 248,000,000 | -7,000,000 | -40,000,000 | 412,000,000 | 1,253,750 | -5,743,000 | -12,344,000 | 23,102,000 | -45,720,000 | -34,956,000 | -30,142,000 | -41,344,250 | -35,693,000 | -39,859,000 | -89,825,000 | -41,370,000 | -32,537,000 | -29,954,000 | -26,726,000 | -26,826,000 | -17,116,000 | -17,249,000 | -22,673,000 | -50,660,000 | -26,546,000 | -19,274,000 | -19,397,000 | -18,293,000 | -24,418,000 | -12,676,000 | -12,536,000 | 4,296,000 | 4,798,000 | 584,000 | 1,133,000 | 2,140,000 | 3,296,000 | 5,519,000 | 2,084,000 | 1,430,000 | 188,000 | 526,000 | 441,000 | 424,000 | 278,000 | 1,618,000 | |||||||||||||||||||||||||||||||||||||||||
performance marketing | 906,000,000 | 1,291,000,000 | 1,192,000,000 | 1,030,000,000 | 884,845,000 | 1,314,055,000 | 1,141,893,000 | 1,106,207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
brand marketing | 86,000,000 | 124,000,000 | 175,000,000 | 163,000,000 | 123,738,000 | 160,126,000 | 123,734,000 | 101,402,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on marketable equity securities | 326,000,000 | -49,000,000 | 17,000,000 | 451,000,000 | 26,805,250 | 30,858,000 | 21,849,000 | 54,514,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income taxes | 1,420,000,000 | 2,363,000,000 | 1,207,000,000 | 968,000,000 | 631,906,000 | 2,240,846,000 | 1,208,911,000 | 753,337,000 | 940,750,000 | 2,066,845,000 | 863,117,000 | 527,610,000 | 762,663,000 | 797,534,000 | 692,548,000 | 460,493,000 | 616,530,000 | 1,456,170,000 | 648,377,000 | 407,243,000 | 552,041,000 | 1,305,589,000 | 715,765,000 | 416,053,000 | 450,187,000 | 1,020,351,000 | 535,557,000 | 290,442,000 | 356,022,000 | 731,174,000 | 445,679,000 | 228,995,000 | 267,283,500 | 611,852,000 | 316,591,000 | 140,692,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | 33,150,000 | 59,476,000 | 72,742,000 | 85,169,000 | 72,072,000 | 101,489,000 | 126,084,000 | 128,669,000 | 120,612,000 | 155,619,000 | 187,491,000 | 168,458,000 | 165,412,000 | 216,519,000 | 240,579,000 | 235,331,000 | 207,852,000 | 280,838,000 | 296,383,000 | 292,347,000 | 250,890,000 | 309,809,000 | 322,617,000 | 293,959,000 | 266,073,000 | 352,656,000 | 353,489,000 | 303,512,000 | 252,902,000 | 335,569,000 | 322,184,000 | 265,278,000 | 228,564,000 | 296,654,000 | 298,503,000 | 253,728,000 | 200,977,000 | 245,531,000 | 260,251,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit | 2,769,943,000 | 4,374,553,000 | 2,951,814,000 | 2,334,235,000 | 2,276,361,000 | 3,589,063,000 | 2,429,818,000 | 2,019,450,000 | 1,879,383,000 | 2,947,282,000 | 2,092,906,000 | 1,672,236,000 | 1,674,685,000 | 2,619,978,000 | 1,882,996,000 | 1,406,471,000 | 1,333,301,000 | 1,989,065,000 | 1,383,855,000 | 1,009,665,000 | 939,750,000 | 1,396,501,000 | 1,004,142,000 | 743,288,000 | 724,698,000 | 1,100,148,000 | 749,227,000 | 505,808,000 | 478,412,000 | 666,188,000 | 445,255,000 | 319,116,000 | 313,189,000 | 434,006,000 | 305,238,000 | 208,330,000 | 205,065,000 | 316,078,000 | 253,725,000 | 181,103,000 | 160,153,000 | 202,331,000 | 157,211,000 | 119,717,000 | 99,517,000 | 123,547,000 | 105,804,000 | 72,231,000 | 64,919,000 | 80,002,000 | 65,234,000 | 57,707,000 | 53,779,000 | 43,374,000 | 31,816,000 | 40,648,000 | |||||||||||||||||||||||||||||||||||
yoy | 21.68% | 21.89% | 21.48% | 15.59% | 21.12% | 21.78% | 16.10% | 20.76% | 12.22% | 12.49% | 11.15% | 18.90% | 25.60% | 31.72% | 36.07% | 39.30% | 41.88% | 42.43% | 37.81% | 35.84% | 29.67% | 26.94% | 34.02% | 46.95% | 51.48% | 65.14% | 68.27% | 58.50% | 52.76% | 53.50% | 45.87% | 53.18% | 52.73% | 37.31% | 20.30% | 15.03% | 28.04% | 56.22% | 61.39% | 51.28% | 60.93% | 63.77% | 48.59% | 65.74% | 53.29% | 54.43% | 62.19% | 25.17% | 21.30% | 33.05% | |||||||||||||||||||||||||||||||||||||||||
qoq | -36.68% | 48.20% | 26.46% | 2.54% | -36.58% | 47.71% | 20.32% | 7.45% | -36.23% | 40.82% | 25.16% | -0.15% | -36.08% | 39.14% | 33.88% | 5.49% | -32.97% | 43.73% | 37.06% | 7.44% | -32.71% | 39.07% | 35.09% | 2.57% | -34.13% | 46.84% | 48.12% | 5.73% | -28.19% | 49.62% | 39.53% | 1.89% | -27.84% | 42.19% | 46.52% | 1.59% | -35.12% | 24.58% | 40.10% | 13.08% | -20.85% | 28.70% | 31.32% | 20.30% | -19.45% | 16.77% | 46.48% | 11.26% | -18.85% | 22.64% | 13.04% | 23.99% | 36.33% | -21.73% | |||||||||||||||||||||||||||||||||||||
gross margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 98.82% | 98.66% | 97.59% | 96.48% | 96.93% | 97.25% | 95.07% | 94.01% | 93.97% | 94.98% | 91.78% | 90.85% | 91.01% | 92.37% | 88.67% | 85.67% | 86.51% | 87.63% | 82.36% | 77.55% | 78.93% | 81.84% | 75.68% | 71.66% | 73.14% | 75.73% | 67.94% | 62.50% | 65.42% | 66.50% | 58.02% | 54.61% | 57.81% | 59.40% | 50.56% | 45.09% | 50.50% | 56.28% | 49.37% | 44.92% | 47.83% | 48.49% | 44.18% | 39.72% | 38.27% | 39.41% | 34.39% | 29.86% | 31.84% | 30.91% | 24.47% | 24.73% | NaN% | NaN% | 20.73% | 19.35% | 17.66% | 16.70% |
sales and other incomes | 165,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
performance advertising | 789,064,000 | 1,224,345,000 | 1,147,589,000 | 980,773,000 | 738,466,000 | 1,040,149,000 | 920,763,000 | 779,909,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
brand advertising | 84,589,000 | 112,796,000 | 121,187,000 | 73,012,000 | 40,740,000 | 72,792,000 | 112,321,000 | 69,845,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and marketing | 150,649,000 | 165,539,000 | 131,734,000 | 114,036,000 | 112,515,000 | 124,865,000 | 105,522,000 | 92,323,000 | 83,685,000 | 93,069,000 | 94,523,000 | 81,944,000 | 85,454,000 | 86,092,000 | 75,053,000 | 64,311,000 | 58,425,000 | 65,274,000 | 59,855,000 | 52,263,000 | 49,991,000 | 52,961,000 | 47,445,000 | 45,537,000 | 39,759,000 | 47,124,000 | 41,030,000 | 34,778,000 | 30,640,000 | 33,060,000 | 28,490,000 | 24,113,000 | 17,655,000 | 24,473,000 | 20,691,000 | 18,419,000 | 20,233,000 | 21,452,000 | 19,930,000 | 16,333,000 | 11,131,000 | 13,093,000 | 11,525,000 | 11,410,000 | 7,873,500 | 11,204,000 | 10,708,000 | 9,582,000 | 6,991,750 | 9,645,000 | 10,113,000 | 8,208,000 | 9,096,000 | 6,706,000 | 4,908,000 | 7,242,000 | |||||||||||||||||||||||||||||||||||
impairment of cost-method investments | -12,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of cost-method investment | -50,350,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -28,852,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising — online | 582,056,000 | 801,147,000 | 770,818,000 | 643,216,000 | 499,904,000 | 699,814,000 | 639,655,000 | 520,848,000 | 399,193,000 | 533,164,000 | 463,135,000 | 403,153,000 | 306,817,000 | 375,204,000 | 314,480,000 | 277,136,000 | 217,897,000 | 279,926,000 | 236,282,000 | 185,108,000 | 133,786,000 | 172,727,000 | 132,518,000 | 113,109,000 | 68,117,000 | 30,493,000 | 10,500,250 | 19,865,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising — offline | 33,360,000 | 51,440,000 | 66,303,000 | 63,582,000 | 48,216,000 | 71,593,000 | 58,026,000 | 53,474,000 | 27,709,000 | 39,891,000 | 32,130,000 | 27,729,000 | 5,973,000 | 8,441,000 | 9,922,000 | 11,157,000 | 6,007,000 | 8,035,000 | 9,815,000 | 11,614,000 | 6,030,000 | 7,773,000 | 10,123,000 | 11,788,000 | 10,766,000 | 8,861,000 | 6,620,500 | 7,320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interests | 114,000 | 21,000 | 932,000 | 3,387,000 | 307,000 | -154,000 | 240,000 | 3,387,000 | 777,000 | -618,000 | 1,580,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income applicable to common stockholders | 451,831,000 | 1,062,253,000 | 576,451,000 | 331,218,000 | 378,077,000 | 832,989,000 | 437,326,000 | 244,271,000 | 288,663,000 | 596,586,000 | 352,347,000 | 181,970,000 | 225,716,000 | 469,499,000 | 256,368,000 | 97,953,000 | 222,980,000 | 114,957,000 | 102,754,250 | 318,982,000 | 33,255,000 | 87,968,000 | 54,096,000 | 18,154,000 | 32,862,000 | 104,365,000 | 34,572,000 | -16,271,000 | 13,232,000 | 47,754,000 | 12,517,000 | -964,000 | 3,790,000 | 170,594,000 | 12,376,000 | 4,114,000 | 11,401,000 | 4,331,000 | 2,228,000 | 8,536,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other revenues | 3,520,000 | 3,226,000 | 3,213,000 | 3,739,000 | 3,211,000 | 2,854,000 | 2,973,000 | 3,005,000 | 3,094,000 | 3,243,000 | 3,274,000 | 3,258,000 | 2,887,000 | 3,850,000 | 7,158,000 | 6,434,000 | 4,799,000 | 4,252,000 | 5,014,000 | 4,497,000 | 4,089,000 | 2,392,000 | 2,453,000 | 2,627,000 | 867,000 | 978,250 | 1,583,000 | 1,235,000 | 1,095,000 | 912,000 | 1,158,000 | 1,195,000 | 939,000 | 782,000 | 672,000 | 670,000 | 962,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income applicable to common stockholders of priceline.com incorporated | 104,790,000 | 67,011,000 | 25,023,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income taxes and equity in income of investees | 180,905,000 | 318,679,000 | 165,871,000 | 108,138,000 | 194,095,000 | 12,316,000 | 4,676,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in income of investees | 33,000 | 396,000 | 26,000 | -163,000 | 1,389,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income taxes and equity in loss of investees | 80,828,000 | 40,595,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of investees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per basic common share | 1,160 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per diluted common share | 1,060 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising – offline | 7,573,250 | 8,474,000 | 11,053,000 | 7,563,000 | 8,293,000 | 9,928,000 | 12,031,000 | 6,935,000 | 8,413,000 | 9,281,000 | 11,334,000 | 6,240,500 | 6,665,000 | 8,089,000 | 11,072,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising – online | 68,331,750 | 115,103,000 | 90,107,000 | 53,738,000 | 84,291,000 | 72,860,000 | 57,800,000 | 43,435,000 | 53,844,000 | 43,470,000 | 31,927,000 | 21,728,500 | 34,560,000 | 12,205,000 | 9,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income taxes and equity in income (loss) of investees | 99,473,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merchant revenues, including 395 and 18,592 excise tax refund for the three and nine months ended september 30, 2007, respectively | 237,336,250 | 323,957,000 | 194,032,750 | 275,211,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative, including... | 15,748,000 | 13,524,000 | 14,209,000 | 11,789,000 | 8,944,000 | 9,241,000 | 9,777,000 | 63,875,000 | 4,909,500 | 6,643,000 | 7,256,000 | 5,737,000 | 6,379,000 | 4,814,000 | 5,453,000 | 4,237,000 | 4,454,000 | 3,509,000 | 3,256,000 | 3,212,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income, including 77 and 3,346 of interest on excise tax refund for the three and nine months ended september 30, 2007, respectively | 2,534,500 | 3,061,000 | 5,094,250 | 6,063,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income taxes, equity in loss of investee and minority interests | 60,610,000 | 132,720,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of investee and minority interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividend | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merchant revenues, including 2,318 and 18,196 excise tax refund for the three and six months ended june 30, 2007, respectively | 336,230,000 | 254,909,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income, including 483 and 3,270 of interest on excise tax refund for the three and six months ended june 30, 2007, respectively | 2,905,000 | 6,112,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income taxes, equity in income of investees and minority interests | 81,538,000 | 28,182,000 | 45,145,000 | 80,224,000 | 50,870,000 | 12,743,000 | 33,032,000 | 18,982,000 | 7,446,500 | 12,672,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in income of investees and minority interests | 201,000 | 123,000 | 325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merchant revenues, including 15,878 excise tax refund in 2007 | 289,159,000 | 246,011,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of merchant revenues | 222,077,000 | 174,700,000 | 214,956,000 | 198,669,000 | 181,672,000 | 140,362,500 | 189,920,000 | 201,847,000 | 169,683,000 | 138,910,000 | 178,272,000 | 201,323,000 | 175,685,000 | 205,610,000 | 180,757,000 | 148,351,000 | 202,793,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of agency revenues | 84,000 | 523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of other revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total costs of revenues | 222,077,000 | 174,700,000 | 214,956,000 | 198,669,000 | 181,672,000 | 160,554,000 | 189,920,000 | 201,847,000 | 169,683,000 | 138,994,000 | 178,795,000 | 201,323,000 | 175,685,000 | 205,610,000 | 180,757,000 | 148,351,000 | 202,793,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income, including 2,786 of interest on excise tax refund in 2007 | 4,172,000 | 8,203,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charge | 33,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 354,000 | 111,000 | 53,000 | 13,000 | 6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in income (loss) of investees and minority interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes, equity in income of investees and minority interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charge (reversal) | 135,000 | 416,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising—offline | 9,438,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising—online | 21,861,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring reversal | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax provision | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising | 16,366,000 | 15,405,000 | 10,092,000 | 10,284,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
personnel | 7,783,000 | 8,235,000 | 7,180,000 | 7,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock based compensation | 112,000 | 106,000 | 106,000 | 106,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charge/ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
warrant costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other incomes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charge |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 16,024,000,000 | 17,203,000,000 | 16,509,000,000 | 17,595,000,000 | 15,578,000,000 | 16,164,000,000 | 15,775,000,000 | 16,290,000,000 | 15,629,000,000 | 12,107,000,000 | 14,140,000,000 | 12,221,000,000 | 9,021,000,000 | 11,841,000,000 | 10,549,000,000 | 11,127,000,000 | 11,643,000,000 | 11,231,000,000 | 12,151,000,000 | 10,562,000,000 | 11,197,000,000 | 10,404,000,000 | 6,363,000,000 | 6,312,000,000 | 6,466,000,000 | 5,256,000,000 | 2,334,000,000 | 2,624,000,000 | 2,973,096,000 | 3,186,665,000 | 2,622,086,000 | 2,541,604,000 | 2,846,300,000 | 2,634,264,000 | 2,434,020,000 | 2,081,075,000 | 2,422,269,000 | 2,693,718,000 | 1,857,165,000 | 1,477,265,000 | 1,841,658,000 | 1,888,949,000 | 3,255,814,000 | 3,148,651,000 | 5,043,724,000 | 3,503,899,000 | 1,288,150,000 | 1,289,994,000 | 1,096,094,000 | 1,762,214,000 | 1,611,210,000 | 1,536,349,000 | 898,470,000 | 812,786,000 | 1,192,075,000 | 632,836,000 | 421,166,000 | 611,249,000 | 551,074,000 | 358,967,000 | 533,121,000 | 356,035,000 | 348,775,000 | 202,141,000 | 362,473,000 | 333,449,000 | 291,260,000 | 364,550,000 | 413,386,000 | 471,068,000 | 508,235,000 | 385,359,000 | 423,508,000 | 426,521,000 | 454,988,000 | 423,577,000 | 308,670,000 | 118,771,000 | 81,907,000 | 80,341,000 | 100,089,000 | 118,270,000 | 100,071,000 | 101,270,000 | 156,306,000 | 176,092,000 | 93,732,000 | 115,302,000 | ||
accounts receivable | 3,520,000,000 | 3,820,000,000 | 4,013,000,000 | 4,370,000,000 | 3,290,000,000 | 3,199,000,000 | 3,649,000,000 | 3,814,000,000 | 3,296,000,000 | 3,253,000,000 | 2,048,000,000 | 2,229,000,000 | 2,284,000,000 | 2,249,000,000 | 1,611,000,000 | 1,358,000,000 | 1,555,000,000 | 1,290,000,000 | 586,000,000 | 529,000,000 | 859,000,000 | 566,000,000 | 667,000,000 | 1,680,000,000 | 1,788,000,000 | 1,973,000,000 | 1,491,000,000 | 1,523,000,000 | 1,719,059,000 | 1,715,055,000 | 1,530,321,000 | 1,217,801,000 | 1,437,762,000 | 1,230,602,000 | 934,254,000 | 860,115,000 | 1,105,086,000 | 982,993,000 | 857,140,000 | 645,169,000 | 890,532,000 | 889,868,000 | 706,776,000 | 643,894,000 | 843,560,000 | 841,133,000 | 627,160,000 | 535,962,000 | 706,234,000 | 649,250,000 | 471,807,000 | 367,512,000 | 493,777,000 | 429,520,000 | 324,562,000 | 264,453,000 | 345,339,000 | 321,358,000 | 221,978,000 | 162,426,000 | 248,946,000 | 208,056,000 | 132,497,000 | 118,659,000 | 169,864,000 | 150,045,000 | 104,747,000 | 92,328,000 | 138,875,000 | 132,523,000 | 97,261,000 | 70,712,000 | 103,558,000 | 76,831,000 | 52,134,000 | 48,536,000 | 58,577,000 | 53,025,000 | 33,821,000 | 30,043,000 | 36,200,000 | 31,811,000 | 25,915,000 | 18,314,000 | 23,733,000 | 19,052,000 | 10,782,000 | 18,809,000 | ||
prepaid expenses | 619,000,000 | 611,000,000 | 579,000,000 | 626,000,000 | 530,000,000 | 587,000,000 | 490,000,000 | 670,000,000 | 737,000,000 | 644,000,000 | 655,000,000 | 477,000,000 | 612,000,000 | 492,000,000 | 395,000,000 | 404,000,000 | 394,000,000 | 332,000,000 | 286,000,000 | 337,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets | 771,000,000 | 630,000,000 | 602,000,000 | 672,000,000 | 552,000,000 | 541,000,000 | 615,000,000 | 482,000,000 | 452,000,000 | 454,000,000 | 430,000,000 | 696,000,000 | 377,000,000 | 342,000,000 | 320,000,000 | 231,000,000 | 238,000,000 | 435,000,000 | 585,000,000 | 277,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 20,934,000,000 | 22,264,000,000 | 21,703,000,000 | 23,263,000,000 | 19,950,000,000 | 20,491,000,000 | 20,529,000,000 | 21,293,000,000 | 20,476,000,000 | 17,034,000,000 | 17,632,000,000 | 15,798,000,000 | 12,410,000,000 | 14,924,000,000 | 12,875,000,000 | 13,145,000,000 | 14,352,000,000 | 13,789,000,000 | 14,108,000,000 | 12,206,000,000 | 12,583,000,000 | 11,453,000,000 | 9,260,000,000 | 9,833,000,000 | 10,056,000,000 | 10,020,000,000 | 7,077,000,000 | 8,407,000,000 | 9,467,847,000 | 10,033,374,000 | 9,504,864,000 | 9,034,805,000 | 9,124,595,000 | 8,272,570,000 | 6,987,882,000 | 5,401,519,000 | 5,833,582,000 | 5,914,467,000 | 4,864,763,000 | 3,553,237,000 | 4,298,957,000 | 4,693,471,000 | 5,967,481,000 | 5,267,374,000 | 7,303,865,000 | 8,508,759,000 | 7,855,940,000 | 7,480,941,000 | 7,489,047,000 | 6,926,150,000 | 6,030,452,000 | 5,682,375,000 | 5,365,729,000 | 4,578,299,000 | 4,203,062,000 | 3,066,844,000 | 2,881,977,000 | 2,376,435,000 | 2,105,670,000 | 1,957,464,000 | 1,840,058,000 | 1,557,676,000 | 1,476,601,000 | 1,022,941,000 | 950,358,000 | 796,995,000 | 646,385,000 | 623,839,000 | 639,172,000 | 723,185,000 | 683,598,000 | 613,000,000 | 629,822,000 | 552,372,000 | 555,753,000 | 503,089,000 | 437,630,000 | 286,853,000 | 243,832,000 | 223,682,000 | 230,841,000 | 317,795,000 | 298,227,000 | 272,546,000 | 416,057,000 | 300,539,000 | 283,513,000 | 309,625,000 | ||
property and equipment | 784,000,000 | 807,000,000 | 817,000,000 | 848,000,000 | 857,000,000 | 832,000,000 | 882,000,000 | 875,000,000 | 805,000,000 | 784,000,000 | 699,000,000 | 669,000,000 | 879,000,000 | 858,000,000 | 844,000,000 | 822,000,000 | 762,000,000 | 748,000,000 | 734,000,000 | 756,000,000 | 744,000,000 | 736,000,000 | 720,000,000 | 738,000,000 | 706,000,000 | 716,000,000 | 695,000,000 | 656,000,000 | 642,861,000 | 613,462,000 | 573,040,000 | 480,081,000 | 457,548,000 | 425,100,000 | 381,197,000 | 347,017,000 | 339,805,000 | 320,450,000 | 299,845,000 | 274,786,000 | 257,135,000 | 246,102,000 | 214,863,000 | 198,953,000 | 203,790,000 | 168,681,000 | 149,373,000 | 135,053,000 | 119,766,000 | 109,141,000 | 92,500,000 | 89,269,000 | 81,931,000 | 78,616,000 | 73,520,000 | 64,322,000 | 53,843,000 | 49,346,000 | 44,386,000 | 39,739,000 | 35,905,000 | 34,988,000 | 30,816,000 | 30,489,000 | 29,339,000 | 29,669,000 | 28,560,000 | 29,404,000 | 28,450,000 | 27,534,000 | 26,885,000 | 27,088,000 | 25,056,000 | 22,137,000 | 21,400,000 | 21,691,000 | 20,738,000 | 20,004,000 | 18,034,000 | 18,271,000 | 17,706,000 | 17,627,000 | 17,672,000 | 15,827,000 | 15,474,000 | 15,692,000 | 16,524,000 | 16,603,000 | ||
operating lease assets | 607,000,000 | 632,000,000 | 605,000,000 | 593,000,000 | 555,000,000 | 559,000,000 | 600,000,000 | 637,000,000 | 663,000,000 | 705,000,000 | 622,000,000 | 645,000,000 | 402,000,000 | 445,000,000 | 487,000,000 | 496,000,000 | 445,000,000 | 457,000,000 | 480,000,000 | 529,000,000 | 568,000,000 | 577,000,000 | 596,000,000 | 620,000,000 | 610,000,000 | 639,000,000 | 635,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 882,000,000 | 918,000,000 | 961,000,000 | 1,291,000,000 | 1,333,000,000 | 1,382,000,000 | 1,450,000,000 | 1,498,000,000 | 1,553,000,000 | 1,613,000,000 | 1,777,000,000 | 1,829,000,000 | 1,855,000,000 | 1,925,000,000 | 1,997,000,000 | 2,057,000,000 | 1,677,000,000 | 1,725,000,000 | 1,762,000,000 | 1,812,000,000 | 1,838,000,000 | 1,865,000,000 | 1,897,000,000 | 1,954,000,000 | 1,985,000,000 | 2,041,000,000 | 2,078,000,000 | 2,125,000,000 | 2,117,275,000 | 2,162,766,000 | 2,140,098,000 | 2,176,823,000 | 2,218,152,000 | 1,914,767,000 | 1,951,999,000 | 1,993,885,000 | 2,040,213,000 | 2,082,120,000 | 2,128,539,000 | 2,167,533,000 | 2,203,270,000 | 2,246,629,000 | 2,282,347,000 | 2,334,761,000 | 2,175,214,000 | 976,946,000 | 998,307,000 | 1,019,985,000 | 1,038,863,000 | 1,052,087,000 | 191,135,000 | 208,113,000 | 192,488,000 | 196,037,000 | 210,918,000 | 200,151,000 | 210,693,000 | 228,885,000 | 234,063,000 | 232,030,000 | 243,243,000 | 236,547,000 | 156,832,000 | 172,080,000 | 179,794,000 | 183,042,000 | 174,886,000 | 193,231,000 | 213,392,000 | 192,555,000 | 182,841,000 | 182,748,000 | 182,438,000 | 152,241,000 | 148,261,000 | 152,925,000 | 153,114,000 | 149,270,000 | 146,462,000 | 149,675,000 | 158,905,000 | 86,737,000 | 94,195,000 | 98,908,000 | 13,570,000 | 6,814,000 | 4,207,000 | |||
goodwill | 2,662,000,000 | 2,669,000,000 | 2,669,000,000 | 2,855,000,000 | 2,816,000,000 | 2,799,000,000 | 2,838,000,000 | 2,814,000,000 | 2,815,000,000 | 2,826,000,000 | 2,816,000,000 | 2,807,000,000 | 2,808,000,000 | 2,842,000,000 | 2,878,000,000 | 2,887,000,000 | 1,872,000,000 | 1,886,000,000 | 1,882,000,000 | 1,895,000,000 | 1,865,000,000 | 2,412,000,000 | 2,391,000,000 | 2,913,000,000 | 2,885,000,000 | 2,915,000,000 | 2,907,000,000 | 2,910,000,000 | 2,845,129,000 | 2,850,396,000 | 2,754,747,000 | 2,737,671,000 | 2,727,897,000 | 2,418,630,000 | 2,402,306,000 | 2,396,906,000 | 2,416,338,000 | 3,360,585,000 | 3,378,327,000 | 3,375,000,000 | 3,386,519,000 | 3,366,396,000 | 3,327,784,000 | 3,326,474,000 | 3,483,144,000 | 1,905,551,000 | 1,771,548,000 | 1,767,912,000 | 1,761,194,000 | 1,738,346,000 | 502,295,000 | 522,672,000 | 517,721,000 | 508,331,000 | 520,769,000 | 504,784,000 | 510,154,000 | 529,594,000 | 525,801,000 | 510,894,000 | 453,618,000 | 426,324,000 | 333,531,000 | 350,630,000 | 349,981,000 | 347,221,000 | 321,122,000 | 326,863,000 | 353,407,000 | 311,200,000 | 295,332,000 | 287,159,000 | 270,807,000 | 236,612,000 | 228,354,000 | 226,707,000 | 218,813,000 | 213,846,000 | 201,339,000 | 198,417,000 | 202,469,000 | 127,665,000 | 132,540,000 | 138,859,000 | 32,837,000 | 8,779,000 | 8,779,000 | 9,534,000 | ||
long-term investments | 473,000,000 | 582,000,000 | 651,000,000 | 559,000,000 | 538,000,000 | 536,000,000 | 500,000,000 | 468,000,000 | 443,000,000 | 440,000,000 | 806,000,000 | 2,789,000,000 | 2,650,000,000 | 2,381,000,000 | 2,200,000,000 | 3,175,000,000 | 3,283,000,000 | 4,319,000,000 | 3,788,000,000 | 3,759,000,000 | 3,672,000,000 | 2,946,000,000 | 2,056,000,000 | 4,477,000,000 | 4,319,000,000 | 4,618,000,000 | 8,445,000,000 | 8,408,000,000 | 9,114,218,000 | 9,444,908,000 | 10,421,600,000 | 11,114,314,000 | 10,263,659,000 | 10,140,630,000 | 9,591,067,000 | 9,296,417,000 | 7,954,414,000 | 7,594,338,000 | 7,931,363,000 | 6,327,630,000 | 6,395,468,000 | 4,973,644,000 | 3,755,653,000 | 1,965,182,000 | 14,304,000 | 14,894,000 | 7,536,000 | 2,451,000 | 18,735,000 | |||||||||||||||||||||||||||||||||||||||||
other assets | 1,378,000,000 | 1,392,000,000 | 1,346,000,000 | 1,275,000,000 | 1,142,000,000 | 1,109,000,000 | 1,179,000,000 | 956,000,000 | 973,000,000 | 940,000,000 | 854,000,000 | 824,000,000 | 1,059,000,000 | 1,118,000,000 | 1,103,000,000 | 1,059,000,000 | 950,000,000 | 957,000,000 | 901,000,000 | 917,000,000 | 875,000,000 | 923,000,000 | 942,000,000 | 867,000,000 | 885,000,000 | 545,000,000 | 529,000,000 | 181,000,000 | 183,146,000 | 191,347,000 | 613,448,000 | 600,283,000 | 146,605,000 | 163,597,000 | 130,238,000 | 108,579,000 | 107,429,000 | 55,134,000 | 68,734,000 | 118,656,000 | 141,259,000 | 79,280,000 | 76,373,000 | 57,348,000 | 48,471,000 | 33,666,000 | 33,423,000 | 33,514,000 | 35,958,000 | 37,302,000 | 35,102,000 | 35,828,000 | 36,710,000 | 38,483,000 | 41,313,000 | 23,490,000 | 21,444,000 | 17,157,000 | 17,462,000 | 14,418,000 | 14,833,000 | 15,968,000 | 14,307,000 | 4,384,000 | 4,958,000 | 5,186,000 | 14,568,000 | 16,685,000 | 17,917,000 | 18,781,000 | 19,215,000 | 19,891,000 | 21,085,000 | 20,216,000 | 21,024,000 | 21,844,000 | 21,417,000 | 15,195,000 | 17,985,000 | 17,430,000 | 17,553,000 | 17,431,000 | 17,164,000 | 15,942,000 | 16,674,000 | 21,385,000 | 21,915,000 | 22,309,000 | ||
total assets | 27,720,000,000 | 29,264,000,000 | 28,752,000,000 | 30,684,000,000 | 27,191,000,000 | 27,708,000,000 | 27,978,000,000 | 28,541,000,000 | 27,728,000,000 | 24,342,000,000 | 25,206,000,000 | 25,361,000,000 | 22,063,000,000 | 24,493,000,000 | 22,384,000,000 | 23,641,000,000 | 23,341,000,000 | 23,881,000,000 | 23,655,000,000 | 21,874,000,000 | 22,145,000,000 | 20,912,000,000 | 17,862,000,000 | 21,402,000,000 | 21,446,000,000 | 21,494,000,000 | 22,366,000,000 | 22,687,000,000 | 24,370,476,000 | 25,296,253,000 | 25,018,960,000 | 25,451,263,000 | 25,789,111,000 | 23,458,323,000 | 21,994,252,000 | 19,838,973,000 | 20,033,784,000 | 19,687,170,000 | 18,334,546,000 | 17,420,575,000 | 16,614,770,000 | 17,027,346,000 | 16,842,492,000 | 14,940,563,000 | 15,184,380,000 | 11,600,323,000 | 10,813,684,000 | 10,444,460,000 | 10,445,655,000 | 9,867,371,000 | 6,855,127,000 | 6,569,742,000 | 6,217,809,000 | 5,428,806,000 | 5,092,827,000 | 3,970,671,000 | 3,815,573,000 | 3,360,075,000 | 3,065,351,000 | 2,905,953,000 | 2,746,545,000 | 2,445,739,000 | 2,201,561,000 | 1,834,224,000 | 1,797,036,000 | 1,492,337,000 | 1,328,028,000 | 1,343,977,000 | 1,456,113,000 | 1,491,546,000 | 1,428,191,000 | 1,350,856,000 | 1,370,709,000 | 1,167,664,000 | 1,165,739,000 | 1,105,648,000 | 1,034,534,000 | 828,177,000 | 773,432,000 | 754,028,000 | 775,831,000 | 567,255,000 | 559,798,000 | 542,082,000 | 494,612,000 | 353,209,000 | 337,784,000 | 362,278,000 | ||
liabilities and stockholders' deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 4,131,000,000 | 5,094,000,000 | 4,025,000,000 | 4,280,000,000 | 3,292,000,000 | 3,824,000,000 | 4,065,000,000 | 3,928,000,000 | 3,268,000,000 | 3,480,000,000 | 2,132,000,000 | 2,507,000,000 | 2,131,000,000 | 2,240,000,000 | 1,504,000,000 | 1,586,000,000 | 1,466,000,000 | 1,028,000,000 | 570,000,000 | 735,000,000 | 1,114,000,000 | 581,000,000 | 926,000,000 | 1,239,000,000 | 1,275,000,000 | 1,291,000,000 | 934,000,000 | 1,134,000,000 | 1,174,599,000 | 1,053,509,000 | 841,274,000 | 667,523,000 | 805,740,000 | 598,200,000 | 407,575,000 | 419,108,000 | 494,607,000 | 431,870,000 | 334,783,000 | 322,842,000 | 388,528,000 | 367,221,000 | 567,322,000 | 281,480,000 | 525,441,000 | 340,903,000 | 299,411,000 | 247,345,000 | 312,896,000 | 316,251,000 | 250,546,000 | 184,648,000 | 240,176,000 | 201,203,000 | 173,984,000 | 146,867,000 | 169,545,000 | 127,794,000 | 115,512,000 | 90,311,000 | 112,753,000 | 119,138,000 | 75,256,000 | 60,568,000 | 62,995,000 | 77,168,000 | 77,832,000 | 46,290,000 | 65,802,000 | 78,356,000 | 68,934,000 | 47,708,000 | 59,359,000 | 58,999,000 | 57,906,000 | 49,032,000 | 53,806,000 | 56,402,000 | 49,387,000 | 37,851,000 | 48,922,000 | 57,175,000 | 58,900,000 | 40,612,000 | 49,380,000 | 38,023,000 | 25,061,000 | 38,467,000 | ||
accrued expenses and other current liabilities | 4,476,000,000 | 4,454,000,000 | 4,958,000,000 | 4,208,000,000 | 5,576,000,000 | 6,047,000,000 | 5,287,000,000 | 3,900,000,000 | 4,774,000,000 | 4,635,000,000 | 3,584,000,000 | 3,244,000,000 | 2,925,000,000 | 2,364,000,000 | 1,876,000,000 | 1,765,000,000 | 2,069,000,000 | 1,620,000,000 | 1,350,000,000 | 1,382,000,000 | 1,388,000,000 | 1,445,000,000 | 1,255,000,000 | 1,578,000,000 | 1,704,000,000 | 1,740,000,000 | 1,877,000,000 | 1,399,000,000 | 1,654,370,000 | 1,418,603,000 | 1,238,815,000 | 1,138,980,000 | 1,091,372,000 | 1,073,632,000 | 986,681,000 | 857,467,000 | 882,081,000 | 1,019,513,000 | 1,117,255,000 | 681,587,000 | 780,784,000 | 903,641,000 | 610,764,000 | 600,758,000 | 609,071,000 | 555,716,000 | 561,915,000 | 545,342,000 | 544,021,000 | 387,336,000 | 425,032,000 | 387,911,000 | 377,326,000 | 272,087,000 | 298,217,000 | 222,134,000 | 305,745,000 | 267,888,000 | 322,735,000 | 243,767,000 | 195,936,000 | 163,046,000 | 118,861,000 | 127,561,000 | 143,463,000 | 101,974,000 | 74,458,000 | 77,713,000 | 92,694,000 | 82,504,000 | 55,946,000 | 59,589,000 | 124,576,000 | 50,094,000 | 96,533,000 | 46,872,000 | 43,239,000 | 36,881,000 | ||||||||||||
deferred merchant bookings | 8,189,000,000 | 5,270,000,000 | 6,283,000,000 | 9,149,000,000 | 6,871,000,000 | 4,031,000,000 | 4,907,000,000 | 6,931,000,000 | 5,328,000,000 | 3,254,000,000 | 4,500,000,000 | 2,223,000,000 | 2,253,000,000 | 4,395,000,000 | 2,765,000,000 | 906,000,000 | 1,086,000,000 | 1,896,000,000 | 643,000,000 | 323,000,000 | 487,000,000 | 910,000,000 | 960,000,000 | 1,561,000,000 | 1,567,000,000 | 2,343,000,000 | 1,797,000,000 | 1,022,000,000 | 1,101,255,000 | 1,802,182,000 | 1,425,649,000 | 980,455,000 | 827,361,000 | 1,185,639,000 | 879,405,000 | 614,361,000 | 568,304,000 | 758,268,000 | 535,536,000 | 434,881,000 | 413,495,000 | 660,272,000 | 525,148,000 | 460,558,000 | 416,852,000 | 569,310,000 | 471,956,000 | 437,127,000 | 430,661,000 | 535,644,000 | 403,530,000 | 368,823,000 | 343,296,000 | 384,519,000 | 314,836,000 | 239,157,000 | 213,802,000 | 243,733,000 | 166,805,000 | 136,915,000 | 117,800,000 | 141,611,000 | 71,146,000 | 60,758,000 | 50,405,000 | 41,718,000 | 35,608,000 | 29,664,000 | 30,454,000 | 31,505,000 | 23,948,000 | 17,750,000 | 7,670,000 | 10,698,000 | 8,769,000 | 4,768,000 | 7,295,000 | 10,447,000 | 8,982,000 | 3,619,000 | 6,065,000 | 8,267,000 | 7,950,000 | 5,641,000 | 8,867,000 | |||||
short-term debt | 3,015,000,000 | 1,880,000,000 | 999,000,000 | 999,000,000 | 655,000,000 | 1,745,000,000 | 2,419,000,000 | 3,447,000,000 | 3,462,000,000 | 1,961,000,000 | 854,000,000 | 500,000,000 | 1,234,000,000 | 1,283,000,000 | 1,333,000,000 | 1,989,000,000 | 1,158,000,000 | 2,180,000,000 | 3,905,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 19,811,000,000 | 16,698,000,000 | 16,265,000,000 | 18,636,000,000 | 16,394,000,000 | 15,647,000,000 | 16,678,000,000 | 18,206,000,000 | 16,832,000,000 | 13,330,000,000 | 11,070,000,000 | 8,474,000,000 | 8,543,000,000 | 10,282,000,000 | 7,478,000,000 | 6,246,000,000 | 5,779,000,000 | 6,724,000,000 | 6,468,000,000 | 3,425,000,000 | 3,968,000,000 | 3,909,000,000 | 4,136,000,000 | 5,366,000,000 | 5,528,000,000 | 6,349,000,000 | 5,576,000,000 | 3,555,000,000 | 3,930,224,000 | 5,222,484,000 | 4,447,395,000 | 3,497,868,000 | 3,624,275,000 | 3,756,955,000 | 3,248,199,000 | 2,858,670,000 | 2,905,976,000 | 2,209,651,000 | 1,987,574,000 | 1,439,310,000 | 1,582,807,000 | 1,931,134,000 | 1,703,234,000 | 1,379,991,000 | 1,589,145,000 | 1,507,245,000 | 1,430,989,000 | 1,381,745,000 | 1,825,844,000 | 1,771,437,000 | 1,605,339,000 | 1,461,726,000 | 1,475,340,000 | 1,366,635,000 | 1,290,229,000 | 1,105,798,000 | 1,181,261,000 | 1,126,193,000 | 1,086,696,000 | 471,168,000 | 506,329,000 | 465,776,000 | 343,592,000 | 408,765,000 | 477,588,000 | 518,738,000 | 494,310,000 | 546,652,000 | 656,469,000 | 712,441,000 | 718,905,000 | 694,843,000 | 761,058,000 | 688,952,000 | 732,188,000 | 100,672,000 | 104,340,000 | 103,730,000 | 88,248,000 | 71,015,000 | 88,091,000 | 93,184,000 | 90,517,000 | 74,377,000 | 84,001,000 | 59,268,000 | 49,614,000 | 64,539,000 | ||
operating lease liabilities | 530,000,000 | 557,000,000 | 533,000,000 | 517,000,000 | 476,000,000 | 483,000,000 | 508,000,000 | 529,000,000 | 556,000,000 | 599,000,000 | 539,000,000 | 552,000,000 | 286,000,000 | 323,000,000 | 349,000,000 | 351,000,000 | 295,000,000 | 314,000,000 | 331,000,000 | 366,000,000 | 401,000,000 | 417,000,000 | 438,000,000 | 462,000,000 | 466,000,000 | 495,000,000 | 488,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 705,000,000 | 714,000,000 | 679,000,000 | 679,000,000 | 653,000,000 | 199,000,000 | 204,000,000 | 200,000,000 | 152,000,000 | 161,000,000 | 172,000,000 | 172,000,000 | 180,000,000 | 180,000,000 | 203,000,000 | 199,000,000 | 116,000,000 | 122,000,000 | 128,000,000 | 111,000,000 | 107,000,000 | 101,000,000 | 93,000,000 | 104,000,000 | 94,000,000 | 90,000,000 | 89,000,000 | 162,000,000 | 148,699,000 | 143,651,000 | 161,340,000 | 148,061,000 | 143,827,000 | 134,537,000 | 128,564,000 | 138,767,000 | 141,096,000 | 143,674,000 | 143,242,000 | 134,777,000 | 131,474,000 | 146,399,000 | 132,987,000 | 103,533,000 | 107,938,000 | 106,858,000 | 81,177,000 | 75,981,000 | 83,934,000 | 88,088,000 | 90,589,000 | 68,944,000 | 47,813,000 | 41,122,000 | 43,526,000 | 39,183,000 | 37,119,000 | 33,858,000 | 47,209,000 | 42,990,000 | 28,481,000 | 26,894,000 | 25,201,000 | 24,052,000 | 21,777,000 | 20,961,000 | 18,717,000 | 18,010,000 | 16,866,000 | 16,061,000 | 14,172,000 | 13,368,000 | 12,508,000 | 11,957,000 | 11,466,000 | 11,885,000 | 12,260,000 | 11,710,000 | 11,173,000 | 10,889,000 | 3,091,000 | 844,000 | 1,573,000 | 692,000 | 2,029,000 | 435,000 | 1,069,000 | |||
long-term debt | 15,398,000,000 | 16,856,000,000 | 15,997,000,000 | 17,473,000,000 | 15,369,000,000 | 14,853,000,000 | 13,793,000,000 | 13,361,000,000 | 13,438,000,000 | 12,223,000,000 | 11,272,000,000 | 11,985,000,000 | 7,950,000,000 | 8,190,000,000 | 8,435,000,000 | 8,937,000,000 | 9,876,000,000 | 9,986,000,000 | 9,930,000,000 | 11,029,000,000 | 10,829,000,000 | 10,633,000,000 | 7,553,000,000 | 7,640,000,000 | 7,512,000,000 | 7,686,000,000 | 7,619,000,000 | 8,649,000,000 | 8,703,901,000 | 7,764,580,000 | 7,990,418,000 | 8,809,788,000 | 8,726,679,000 | 7,564,636,000 | 7,286,102,000 | 6,170,522,000 | 6,347,205,000 | 7,255,205,000 | 6,321,202,000 | 6,158,443,000 | 5,421,328,000 | 5,399,966,000 | 5,304,108,000 | 3,849,756,000 | 3,887,243,000 | 568,865,000 | 523,718,000 | 223,261,000 | 223,216,000 | 223,549,000 | 223,562,000 | 224,247,000 | 223,576,000 | 224,418,000 | 223,348,000 | 124,996,000 | 124,524,000 | 125,000,000 | ||||||||||||||||||||||||||||||||
total liabilities | 36,444,000,000 | 34,842,000,000 | 33,488,000,000 | 37,341,000,000 | 33,303,000,000 | 31,728,000,000 | 31,631,000,000 | 32,817,000,000 | 31,780,000,000 | 27,086,000,000 | 24,132,000,000 | 22,579,000,000 | 18,393,000,000 | 20,491,000,000 | 18,011,000,000 | 17,463,000,000 | 17,796,000,000 | 19,077,000,000 | 18,891,000,000 | 16,981,000,000 | 17,232,000,000 | 16,913,000,000 | 14,027,000,000 | 15,469,000,000 | 15,495,000,000 | 16,187,000,000 | 15,451,000,000 | 13,902,000,000 | 14,418,666,000 | 14,777,978,000 | 14,331,219,000 | 14,187,702,000 | 12,902,716,000 | 11,853,577,000 | 11,160,712,000 | 9,990,293,000 | 10,196,710,000 | 10,412,465,000 | 9,282,179,000 | 8,625,106,000 | 8,087,997,000 | 8,469,381,000 | 8,212,367,000 | 6,373,540,000 | 6,450,493,000 | 3,774,956,000 | 3,599,957,000 | 3,526,198,000 | 4,012,303,000 | 3,966,918,000 | 2,624,631,000 | 2,457,825,000 | 2,446,267,000 | 2,324,661,000 | 2,246,044,000 | 1,191,971,000 | 1,265,828,000 | 1,214,730,000 | 1,189,843,000 | 1,046,828,000 | 1,065,283,000 | 1,017,836,000 | 865,787,000 | 476,610,000 | 545,098,000 | 586,283,000 | 557,293,000 | 613,595,000 | 727,693,000 | 778,125,000 | 779,650,000 | 754,713,000 | 835,846,000 | 762,462,000 | 806,032,000 | 743,622,000 | 704,014,000 | 406,212,000 | 388,013,000 | 371,487,000 | 383,245,000 | 344,608,000 | 342,749,000 | 329,469,000 | 310,069,000 | 184,699,000 | 175,207,000 | 190,084,000 | ||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' deficit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 13,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 489,000 | 489,000 | 488,000 | 487,000 | 486,000 | 486,000 | 486,000 | 485,000 | 484,000 | 484,000 | 484,000 | 482,000 | 482,000 | 482,000 | 481,000 | 480,000 | 480,000 | 480,000 | 478,000 | 476,000 | 468,000 | 467,000 | 452,000 | 450,000 | 450,000 | 450,000 | 449,000 | 446,000 | 446,000 | 446,000 | 445,000 | 438,000 | 438,000 | 432,000 | 424,000 | 405,000 | 391,000 | 377,000 | 373,000 | 367,000 | 362,000 | 355,000 | 347,000 | 346,000 | 345,000 | 343,000 | 342,000 | 331,000 | 329,000 | 327,000 | 325,000 | 323,000 | 321,000 | 320,000 | 319,000 | 317,000 | 315,000 | 307,000 | 306,000 | 306,000 | |||||||||||||||||||||||||
treasury stock | -58,337,000,000 | -54,315,000,000 | -52,175,000,000 | -51,502,000,000 | -50,131,000,000 | -47,877,000,000 | -46,734,000,000 | -44,958,000,000 | -43,330,000,000 | -41,426,000,000 | -33,178,000,000 | -30,983,000,000 | -28,630,000,000 | -26,664,000,000 | -25,390,000,000 | -24,290,000,000 | -24,286,000,000 | -24,283,000,000 | -24,274,000,000 | -24,128,000,000 | -24,123,000,000 | -24,119,000,000 | -24,115,000,000 | -22,864,000,000 | -21,523,000,000 | -20,173,000,000 | -17,567,000,000 | -14,711,000,000 | -12,879,305,000 | -10,630,361,000 | -9,430,421,000 | -8,698,829,000 | -7,997,881,000 | -7,411,392,000 | -7,067,508,000 | -6,855,164,000 | -6,584,117,000 | -6,385,308,000 | -6,086,001,000 | -5,826,640,000 | -5,073,400,000 | -3,900,011,000 | -3,046,203,000 | -2,737,585,000 | -2,232,663,000 | -2,084,533,000 | -2,083,867,000 | -1,987,207,000 | -1,943,615,000 | -1,483,892,000 | -1,136,987,000 | -1,060,607,000 | -1,058,983,000 | -1,058,754,000 | -1,057,811,000 | -803,586,000 | ||||||||||||||||||||||||||||||||||
additional paid-in capital | 8,490,000,000 | 8,356,000,000 | 8,186,000,000 | 8,028,000,000 | 7,866,000,000 | 7,707,000,000 | 7,635,000,000 | 7,479,000,000 | 7,330,000,000 | 7,175,000,000 | 6,712,000,000 | 6,491,000,000 | 6,385,000,000 | 6,278,000,000 | 6,163,000,000 | 6,159,000,000 | 6,068,000,000 | 6,059,000,000 | 5,965,000,000 | 5,851,000,000 | 5,779,000,000 | 5,699,000,000 | 5,758,000,000 | 5,756,000,000 | 5,678,000,000 | 5,599,000,000 | 5,519,000,000 | 5,445,000,000 | 5,343,776,000 | 5,225,709,000 | 5,034,164,000 | 5,783,089,000 | 5,707,331,000 | 5,633,659,000 | 5,558,194,000 | 5,482,653,000 | 5,410,913,000 | 5,377,160,000 | 5,273,830,000 | 5,184,910,000 | 5,097,560,000 | 5,009,753,000 | 4,926,560,000 | 4,923,196,000 | 4,848,824,000 | 4,703,329,000 | 4,650,077,000 | 4,592,979,000 | 4,459,333,000 | 4,408,981,000 | 2,645,316,000 | 2,612,197,000 | 2,593,883,000 | 2,569,123,000 | 2,536,639,000 | 2,431,279,000 | 2,394,034,000 | 2,372,283,000 | 2,347,728,000 | 2,417,092,000 | 2,355,093,000 | 2,400,959,000 | 2,394,672,000 | 2,289,867,000 | 2,237,372,000 | 2,217,085,000 | 2,194,613,000 | 2,177,000,000 | 2,164,029,000 | 2,147,728,000 | 2,135,791,000 | 2,124,029,000 | 2,112,949,000 | 2,101,654,000 | 2,096,021,000 | 2,070,379,000 | 2,066,003,000 | 2,075,626,000 | 2,066,879,000 | 2,069,165,000 | 2,077,099,000 | 2,073,832,000 | 2,071,625,000 | 2,064,224,000 | 2,062,613,000 | 2,056,942,000 | 2,055,607,000 | 2,055,540,000 | ||
retained earnings | 41,420,000,000 | 40,670,000,000 | 39,553,000,000 | 37,119,000,000 | 36,539,000,000 | 36,525,000,000 | 35,749,000,000 | 33,527,000,000 | 32,304,000,000 | 31,830,000,000 | 27,807,000,000 | 27,541,000,000 | 26,306,000,000 | 24,640,000,000 | 23,783,000,000 | 24,453,000,000 | 23,835,000,000 | 23,066,000,000 | 23,233,000,000 | 23,288,000,000 | 23,453,000,000 | 22,652,000,000 | 22,530,000,000 | 23,232,000,000 | 22,061,000,000 | 20,111,000,000 | 19,132,000,000 | 18,367,000,000 | 17,720,656,000 | 15,953,078,000 | 14,975,706,000 | 13,938,869,000 | 14,513,392,000 | 12,793,001,000 | 12,072,792,000 | 11,326,852,000 | 10,652,944,000 | 10,146,927,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -310,000,000 | -290,000,000 | -301,000,000 | -303,000,000 | -387,000,000 | -375,000,000 | -303,000,000 | -324,000,000 | -356,000,000 | -323,000,000 | -267,000,000 | -267,000,000 | -391,000,000 | -252,000,000 | -183,000,000 | -144,000,000 | -72,000,000 | -43,000,000 | -160,000,000 | -118,000,000 | -196,000,000 | -233,000,000 | -342,000,000 | -191,000,000 | -265,000,000 | -230,000,000 | -169,000,000 | -185,465,000 | -43,123,000 | -224,545,000 | -75,582,000 | -88,060,000 | -23,676,000 | -62,872,000 | -107,647,000 | -51,112,000 | -87,582,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' deficit | -8,724,000,000 | -5,578,000,000 | -4,736,000,000 | -6,657,000,000 | -6,112,000,000 | -4,020,000,000 | -3,653,000,000 | -4,276,000,000 | -4,052,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' deficit | 27,720,000,000 | 29,264,000,000 | 28,752,000,000 | 30,684,000,000 | 27,191,000,000 | 27,708,000,000 | 27,978,000,000 | 28,541,000,000 | 27,728,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 17,000,000 | 14,000,000 | 36,000,000 | 154,000,000 | 289,000,000 | 191,000,000 | 264,000,000 | 287,000,000 | 258,000,000 | 368,000,000 | 685,000,000 | 723,000,000 | 805,000,000 | 721,000,000 | 905,000,000 | 906,000,000 | 1,107,000,000 | 1,111,000,000 | 1,127,000,000 | 1,006,000,000 | 931,000,000 | 786,000,000 | 876,000,000 | 868,000,000 | 504,000,000 | 513,000,000 | 370,000,000 | 491,160,000 | 502,581,000 | 481,220,000 | 481,139,000 | 407,935,000 | 397,449,000 | 497,847,000 | 822,334,000 | 802,433,000 | 803,935,000 | 830,161,000 | 892,576,000 | 90,500,000 | 106,065,000 | 137,102,000 | 153,754,000 | 56,017,000 | 107,006,000 | 74,533,000 | 74,687,000 | 82,471,000 | 74,242,000 | 50,755,000 | 40,738,000 | 44,019,000 | 35,083,000 | 53,599,000 | 36,755,000 | 32,248,000 | 51,859,000 | 80,360,000 | 70,559,000 | 73,257,000 | 57,598,000 | 64,318,000 | 65,980,000 | 40,671,000 | 18,821,000 | 15,779,000 | 42,082,000 | |||||||||||||||||||||||
long-term u.s. transition tax liability | 257,000,000 | 257,000,000 | 257,000,000 | 257,000,000 | 515,000,000 | 515,000,000 | 711,000,000 | 711,000,000 | 711,000,000 | 711,000,000 | 825,000,000 | 825,000,000 | 824,000,000 | 824,000,000 | 923,000,000 | 923,000,000 | 921,000,000 | 922,000,000 | 1,021,000,000 | 1,021,000,000 | 1,027,000,000 | 1,063,000,000 | 1,166,000,000 | 1,166,000,000 | 1,144,682,000 | 1,144,682,000 | 1,250,846,000 | 1,250,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 37,000,000 | 362,000,000 | 576,000,000 | 359,000,000 | 175,000,000 | 116,000,000 | 25,000,000 | 522,000,000 | 501,000,000 | 500,000,000 | 501,000,000 | 826,000,000 | 4,859,873,000 | 4,407,028,000 | 3,721,825,000 | 2,936,158,000 | 2,218,880,000 | 1,956,047,000 | 1,677,242,000 | 1,525,637,000 | 1,171,246,000 | 1,211,184,000 | 1,299,127,000 | 1,379,641,000 | 1,142,182,000 | 1,193,353,000 | 3,660,807,000 | 5,422,358,000 | 5,462,720,000 | 5,487,526,000 | 4,182,860,000 | 3,570,407,000 | 3,646,845,000 | 3,769,527,000 | 3,129,556,000 | 2,426,628,000 | 2,024,827,000 | 1,983,467,000 | 1,338,169,000 | 1,194,512,000 | 1,303,251,000 | 941,948,000 | 864,164,000 | 886,893,000 | 598,014,000 | 356,793,000 | 256,119,000 | 205,794,000 | 98,888,000 | 38,850,000 | 80,153,000 | 41,426,000 | 122,499,000 | 73,048,000 | 22,410,000 | 7,983,000 | 32,686,000 | 72,722,000 | 85,546,000 | 72,745,000 | 52,881,000 | 137,598,000 | 141,967,000 | 122,812,000 | 206,360,000 | 79,576,000 | 151,736,000 | 148,027,000 | ||||||||||||||||||||||
liabilities and stockholders' (deficit) equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' (deficit) equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' (deficit) equity | -2,744,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' (deficit) equity | 24,342,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merchant revenues | 10,936,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
agency revenues | 9,414,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising and other revenues | 1,015,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 21,365,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketing expenses | 6,773,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and other incomes | 2,744,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
personnel, including stock-based compensation | 3,294,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 1,555,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
information technology | 655,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 504,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 15,530,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 5,835,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -897,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 543,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 5,481,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 1,192,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 4,289,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income applicable to common stockholders per basic common share | 118,670,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of basic common shares outstanding | 36,140,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income applicable to common stockholders per diluted common share | 117,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of diluted common shares outstanding | 36,530,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
grab | 5,000,000 | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
didi | 9,000,000 | -32,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
meituan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recurring fair value measurements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash equivalents and restricted cash equivalents: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
money market fund investments | 12,105,000,000 | 13,597,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
certificates of deposit | 79,000,000 | 29,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
international government securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. government securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate debt securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term investments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity securities | 291,000,000 | 275,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivatives: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency exchange derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets at fair value | 12,475,000,000 | 13,901,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonrecurring fair value measurements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in equity securities of a private company | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 1,074,000,000 | 2,782,000,000 | 3,670,000,000 | 4,002,000,000 | 4,373,000,000 | 6,178,000,000 | 5,545,000,000 | 4,799,000,000 | 4,764,000,000 | 4,893,000,000 | 4,913,000,000 | 3,999,000,000 | 3,831,000,000 | 5,933,000,000 | 5,951,000,000 | 5,307,000,000 | 6,915,000,000 | 8,785,000,000 | 9,951,810,000 | 10,472,632,000 | 10,636,343,000 | 11,260,598,000 | 12,876,994,000 | 11,589,669,000 | 10,811,019,000 | 9,820,142,000 | 8,795,469,000 | 8,526,773,000 | 8,557,965,000 | 8,630,125,000 | 8,566,694,000 | 8,733,111,000 | 7,824,032,000 | 7,209,409,000 | 6,909,729,000 | 6,396,622,000 | 5,857,660,000 | 3,990,835,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 25,206,000,000 | 25,361,000,000 | 22,063,000,000 | 24,493,000,000 | 22,384,000,000 | 23,641,000,000 | 23,341,000,000 | 23,881,000,000 | 23,655,000,000 | 21,874,000,000 | 22,145,000,000 | 20,912,000,000 | 17,862,000,000 | 21,402,000,000 | 21,446,000,000 | 21,494,000,000 | 22,366,000,000 | 22,687,000,000 | 24,370,476,000 | 25,296,253,000 | 25,018,960,000 | 25,451,263,000 | 25,789,111,000 | 23,458,323,000 | 21,994,252,000 | 19,838,973,000 | 17,420,575,000 | 16,614,770,000 | 17,027,346,000 | 16,842,492,000 | 14,940,563,000 | 15,184,380,000 | 11,600,323,000 | 10,813,684,000 | 10,444,460,000 | 10,445,655,000 | 9,867,371,000 | 6,855,127,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible debt | 5,000,000 | 985,000,000 | 979,000,000 | 973,000,000 | 995,000,000 | 988,000,000 | 982,000,000 | 975,000,000 | 968,000,000 | 948,190,000 | 941,657,000 | 710,910,000 | 899,802,000 | 899,484,000 | 974,538,000 | 967,734,000 | 960,984,000 | 37,195,000 | 37,781,000 | 41,316,000 | 97,707,000 | 151,931,000 | 538,266,000 | 532,206,000 | 526,231,000 | 520,344,000 | 514,542,000 | 508,826,000 | 503,192,000 | 497,640,000 | 492,169,000 | 486,778,000 | 481,644,000 | 175,000 | 174,000 | 41,981,000 | 78,329,000 | 159,878,000 | 220,725,000 | 297,878,000 | 306,412,000 | 392,985,000 | 467,519,000 | 520,076,000 | 570,077,000 | 569,796,000 | 569,453,000 | 569,161,000 | 568,980,000 | |||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 527,000,000 | 483,000,000 | 1,404,000,000 | 843,000,000 | 829,000,000 | 1,238,000,000 | 1,271,000,000 | 600,000,000 | 617,616,000 | 985,901,000 | 1,111,753,000 | 415,527,000 | 433,505,000 | 685,879,000 | 683,450,000 | 241,449,000 | 349,323,000 | 559,691,000 | 623,986,000 | 258,751,000 | 264,256,000 | 508,410,000 | 487,285,000 | 178,050,000 | 166,308,000 | 380,284,000 | 428,123,000 | 107,102,000 | 107,688,000 | 249,851,000 | 319,251,000 | 84,290,000 | 152,722,000 | 164,745,000 | 201,740,000 | 104,202,000 | 95,906,000 | 52,721,000 | 56,682,000 | 61,211,000 | 41,631,000 | 70,521,000 | 42,783,000 | 36,828,000 | 19,236,000 | 37,278,000 | 27,253,000 | 23,463,000 | 45,226,000 | 36,436,000 | 33,757,000 | 33,080,000 | 26,998,000 | 23,919,000 | 46,007,000 | 20,534,000 | 19,902,000 | 21,050,000 | 21,569,000 | 18,245,000 | 19,058,000 | 8,075,000 | 6,419,000 | 6,578,000 | 6,156,000 | 3,435,000 | 4,778,000 | 6,737,000 | ||||||||||||||||||||||
short-term investments in marketable securities | 998,000,000 | 973,000,000 | 1,553,000,000 | 1,981,000,000 | 3,660,000,000 | 4,158,076,000 | 4,145,753,000 | 4,240,704,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -316,000,000 | -233,806,000 | -76,283,000 | 56,406,000 | 236,982,000 | 653,666,000 | 573,915,000 | 247,055,000 | -134,684,000 | 322,346,000 | 135,442,000 | 297,765,000 | 244,852,000 | -259,902,000 | -72,204,000 | 78,335,000 | 92,751,000 | 84,729,000 | 39,761,000 | 19,476,000 | 10,360,000 | 4,814,000 | 3,759,000 | 75,100,000 | 73,578,000 | 50,344,000 | 49,628,000 | 35,035,000 | 29,541,000 | 26,347,000 | 12,236,000 | 11,868,000 | 600,000 | 9,742,000 | 11,941,000 | 1,000 | 834,000 | 674,000 | 474,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
long-term investments in marketable securities | 9,432,763,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 857,000 | 823,000 | 835,000 | 806,000 | 827,000 | 1,052,000 | 863,000 | 843,000 | 903,000 | 15,630,000 | 15,616,000 | 10,476,000 | 9,034,000 | 7,733,000 | 7,022,000 | 6,641,000 | 7,214,000 | 6,609,000 | 4,458,000 | 3,771,000 | 3,851,000 | 1,079,000 | 1,064,000 | 1,050,000 | 1,155,000 | 1,302,000 | 1,335,000 | 1,319,000 | 1,321,000 | 1,283,000 | 1,552,000 | 2,528,000 | 2,835,000 | 3,005,000 | 2,919,000 | 1,350,000 | 2,710,000 | 2,691,000 | 2,624,000 | 2,459,000 | 17,795,000 | 21,285,000 | 20,989,000 | 22,308,000 | 22,613,000 | 22,041,000 | 23,855,000 | 23,572,000 | 23,502,000 | 22,384,000 | 22,485,000 | 20,750,000 | ||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 9,802,570,000 | 9,274,705,000 | 9,052,367,000 | 3,896,975,000 | 3,577,864,000 | 2,927,787,000 | 2,591,659,000 | 2,574,295,000 | 2,390,299,000 | 1,989,627,000 | 1,724,401,000 | 1,813,336,000 | 1,636,999,000 | 1,384,484,000 | 1,316,628,000 | 1,321,629,000 | 1,201,725,000 | 847,452,000 | 704,667,000 | 730,382,000 | 728,420,000 | 696,416,000 | 628,985,000 | 579,107,000 | 534,863,000 | 405,202,000 | 359,707,000 | 348,556,000 | 317,050,000 | 408,495,000 | 371,949,000 | 369,071,000 | 379,116,000 | 209,177,000 | 203,579,000 | 199,143,000 | 171,073,000 | 155,040,000 | 149,107,000 | 158,724,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 20,033,784,000 | 19,687,170,000 | 18,334,546,000 | 6,569,742,000 | 6,217,809,000 | 5,428,806,000 | 5,092,827,000 | 3,970,671,000 | 3,815,573,000 | 3,360,075,000 | 3,065,351,000 | 2,905,953,000 | 2,746,545,000 | 2,445,739,000 | 2,201,561,000 | 1,834,224,000 | 1,797,036,000 | 1,492,337,000 | 1,328,028,000 | 1,343,977,000 | 1,456,113,000 | 1,491,546,000 | 1,428,191,000 | 1,350,856,000 | 1,370,709,000 | 1,167,664,000 | 1,165,739,000 | 1,105,648,000 | 1,034,534,000 | 828,177,000 | 773,432,000 | 754,028,000 | 775,831,000 | 567,255,000 | 559,798,000 | 542,082,000 | 494,612,000 | 353,209,000 | 337,784,000 | 362,278,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated earnings | 9,566,289,000 | 9,191,865,000 | 8,687,596,000 | 7,490,864,000 | 6,973,832,000 | 6,640,505,000 | 6,188,674,000 | 5,126,421,000 | 4,549,970,000 | 4,218,752,000 | 3,840,675,000 | 3,007,686,000 | 2,570,114,000 | 2,368,611,000 | 2,105,386,000 | 1,524,615,000 | 1,163,494,000 | 1,033,738,000 | 858,438,000 | 396,528,000 | 163,545,000 | 69,110,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests | 190,893,000 | 160,287,000 | 133,221,000 | 110,184,000 | 183,316,000 | 127,045,000 | 76,615,000 | 67,496,000 | 57,538,000 | 45,751,000 | 44,222,000 | 35,355,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 79,666,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 17,005,000 | 19,556,000 | 17,036,000 | 15,127,000 | 21,226,000 | 23,218,000 | 22,486,000 | 20,710,000 | 25,630,000 | 24,203,000 | 23,659,000 | 23,916,000 | 4,476,000 | 4,459,000 | 691,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive (loss) income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | 189,471,000 | 203,397,000 | 212,784,000 | 218,519,000 | 222,766,000 | 184,086,000 | 190,947,000 | 179,392,000 | 182,822,000 | 143,009,000 | 145,780,000 | 146,553,000 | 148,357,000 | 21,857,000 | 22,624,000 | 25,668,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b mandatorily redeemable preferred stock, 0.01 par value... | 13,470,000 | 13,470,000 | 13,470,000 | 13,470,000 | 13,470,000 | 13,470,000 | 13,470,000 | 13,470,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 20,262,000 | 19,872,000 | 25,096,000 | 20,607,000 | 19,620,000 | 23,649,000 | 22,414,000 | 18,118,000 | 21,031,000 | 22,972,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 9,617,000 | 9,673,000 | 8,008,000 | 7,135,000 | 4,047,000 | 4,475,000 | 3,340,000 | 3,127,000 | 3,522,000 | 3,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b mandatorily redeemable preferred stock, 0.01 par value per share... | 13,470,000 | 13,470,000 | 13,470,000 | 13,470,000 | 13,470,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 4,314,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangibles assets | 7,053,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term accrued expenses | 545,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-06-30 | 2004-03-31 | 2003-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 1,083,000,000 | 1,428,000,000 | 2,748,000,000 | 895,000,000 | 333,000,000 | 1,068,000,000 | 2,517,000,000 | 1,521,000,000 | 776,000,000 | 222,000,000 | 2,511,000,000 | 1,290,000,000 | 266,000,000 | 1,235,000,000 | 1,666,000,000 | 618,000,000 | -165,000,000 | 801,000,000 | 122,000,000 | -699,000,000 | 1,171,000,000 | 1,950,000,000 | 979,000,000 | 765,000,000 | 645,840,000 | 1,767,578,000 | 977,372,000 | 607,210,000 | -555,458,000 | 1,720,391,000 | 720,209,000 | 455,623,000 | 673,908,000 | 506,017,000 | 580,638,000 | 374,424,000 | 504,269,000 | 1,196,732,000 | 517,032,000 | 333,327,000 | 451,831,000 | 1,062,253,000 | 576,451,000 | 331,218,000 | 378,077,000 | 832,989,000 | 437,440,000 | 244,292,000 | 289,595,000 | 599,972,000 | 352,654,000 | 181,816,000 | 225,956,000 | 472,884,000 | 256,278,000 | 104,013,000 | 135,111,000 | 224,560,000 | 114,596,000 | 53,875,000 | 78,455,000 | 318,983,000 | 67,011,000 | 25,023,000 | 33,255,000 | 87,968,000 | 54,096,000 | 18,154,000 | 32,862,000 | 104,364,000 | 34,572,000 | -14,716,000 | 13,232,000 | 48,816,000 | 12,517,000 | -99,000 | 3,790,000 | 171,571,000 | 12,376,000 | 4,992,000 | 11,401,000 | 5,103,000 | 2,228,000 | |||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 131,000,000 | 151,000,000 | 160,000,000 | 158,000,000 | 154,000,000 | 157,000,000 | 155,000,000 | 142,000,000 | 137,000,000 | 134,000,000 | 129,000,000 | 121,000,000 | 120,000,000 | 124,000,000 | 109,000,000 | 107,000,000 | 111,000,000 | 98,000,000 | 102,000,000 | 108,000,000 | 113,000,000 | 114,000,000 | 115,000,000 | 112,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 119,000,000 | 116,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for expected credit losses and chargebacks | 110,000,000 | 93,000,000 | 117,000,000 | 117,000,000 | 89,000,000 | 120,000,000 | 108,000,000 | 95,000,000 | 89,000,000 | 106,000,000 | 89,000,000 | 81,000,000 | 54,000,000 | 53,000,000 | 66,000,000 | 58,000,000 | 55,000,000 | 21,000,000 | 51,000,000 | 12,000,000 | -15,000,000 | 60,000,000 | 262,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 54,000,000 | -33,000,000 | -81,000,000 | -258,000,000 | -144,000,000 | -22,098,000 | -6,405,000 | -35,172,000 | 20,381,000 | 17,242,000 | 8,828,000 | 14,762,000 | 3,917,000 | -7,229,000 | 2,781,000 | 8,861,000 | 4,804,000 | 14,300,000 | 11,610,000 | 8,260,000 | 12,617,000 | 11,426,000 | 9,514,000 | 9,035,000 | 5,667,000 | 12,208,000 | 7,734,000 | 2,527,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net losses on equity securities | 110,000,000 | -36,000,000 | -32,000,000 | -11,000,000 | 16,000,000 | -20,000,000 | -16,000,000 | 34,000,000 | 133,000,000 | -179,000,000 | 336,000,000 | -181,000,000 | 987,000,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 141,000,000 | 167,000,000 | 153,000,000 | 154,000,000 | 143,000,000 | 167,000,000 | 148,000,000 | 140,000,000 | 144,000,000 | 15,465,000 | 11,909,000 | 7,944,000 | 10,869,000 | 11,265,000 | 10,593,000 | 11,452,000 | 10,054,000 | 9,077,000 | 9,939,000 | 5,494,000 | 4,127,000 | 3,466,000 | 3,166,000 | 4,651,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease amortization | 32,000,000 | 40,000,000 | 39,000,000 | 36,000,000 | 30,000,000 | 46,000,000 | 35,000,000 | 39,000,000 | 40,000,000 | 41,000,000 | 40,000,000 | 39,000,000 | 41,000,000 | 39,000,000 | 36,000,000 | 42,000,000 | 39,000,000 | 43,000,000 | 44,000,000 | 46,000,000 | 45,000,000 | 47,000,000 | 46,000,000 | 45,000,000 | 46,000,000 | 45,000,000 | 42,000,000 | 43,000,000 | 42,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency transaction losses related to euro-denominated debt | -333,000,000 | 21,000,000 | 9,000,000 | 961,000,000 | 437,000,000 | -634,000,000 | 343,000,000 | -68,000,000 | -167,000,000 | 8,000,000 | 26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount and change in fair value of the conversion option related to the convertible senior notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 5,000,000 | 118,000,000 | -65,000,000 | -23,000,000 | -44,000,000 | 144,000,000 | -136,000,000 | 2,000,000 | -2,000,000 | 0 | 10,000,000 | 30,000,000 | 0 | 0 | 21,000,000 | -4,000,000 | 1,000,000 | 2,000,000 | 32,327,000 | 2,855,000 | 28,197,000 | 12,986,000 | -9,962,000 | -789,000 | -10,405,000 | -11,432,000 | 869,000 | 2,641,000 | -13,121,000 | 10,490,000 | -23,919,000 | 1,674,000 | -2,132,000 | -371,000 | 2,705,000 | -12,144,000 | -7,504,000 | -14,516,000 | 23,423,000 | 27,621,000 | 5,990,000 | -1,232,000 | 1,485,000 | 4,170,000 | 15,878,000 | 1,111,000 | 1,941,000 | -502,000 | 2,883,000 | 302,000 | 1,025,000 | 2,084,000 | 726,000 | 955,000 | 2,488,000 | 357,000 | 53,000 | 773,000 | 702,000 | 5,069,000 | -2,090,000 | -256,000 | 336,000 | -248,000 | ||||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 155,000,000 | 98,000,000 | 250,000,000 | -979,000,000 | -99,000,000 | 145,000,000 | 179,000,000 | -645,000,000 | -185,000,000 | 176,000,000 | -834,000,000 | -830,000,000 | 158,000,000 | 130,000,000 | -242,000,000 | -790,000,000 | -326,000,000 | 170,000,000 | -352,000,000 | -748,000,000 | -72,000,000 | 337,000,000 | -251,000,000 | 45,000,000 | 760,000,000 | 119,000,000 | 81,000,000 | -499,000,000 | -24,000,000 | 131,071,000 | -58,269,000 | -295,768,000 | -96,034,000 | 209,452,000 | -145,639,000 | -255,117,000 | -78,428,000 | 186,074,000 | -126,148,000 | -152,443,000 | -191,704,000 | 220,910,000 | -1,664,000 | -167,347,000 | -120,593,000 | 171,148,000 | -40,398,000 | -218,803,000 | -94,156,000 | 172,389,000 | -40,978,000 | -127,821,000 | -115,162,000 | 127,383,000 | -55,939,000 | -118,486,000 | -58,235,000 | |||||||||||||||||||||||||||||||
prepaid expenses and other current assets | -66,000,000 | -4,000,000 | 84,000,000 | -24,000,000 | 45,000,000 | 65,000,000 | -98,000,000 | 59,000,000 | 186,000,000 | -208,000,000 | 118,000,000 | 207,000,000 | -243,000,000 | -125,000,000 | -56,000,000 | 41,000,000 | 138,000,000 | 85,000,000 | -258,000,000 | -69,000,000 | -18,000,000 | 693,000,000 | -445,000,000 | -16,000,000 | 337,000,000 | 85,000,000 | -669,000,000 | -335,000 | 373,486,000 | 134,774,000 | -708,925,000 | 12,035,000 | 302,337,000 | 5,002,000 | -443,643,000 | 109,592,000 | 182,879,000 | 53,509,000 | -340,485,000 | 5,197,000 | 213,674,000 | -7,814,000 | -292,668,000 | -13,591,000 | 228,622,000 | 53,849,000 | -317,812,000 | 1,605,000 | 124,544,000 | 74,935,000 | -207,993,000 | 56,264,000 | -1,665,000 | 49,953,000 | -145,345,000 | 6,232,000 | -3,108,000 | 5,782,000 | 3,307,000 | 1,893,000 | 1,757,000 | 207,000 | 1,343,000 | |||||||||||||||||||||||||
deferred merchant bookings and other current liabilities | 1,827,000,000 | -581,000,000 | -2,419,000,000 | 1,893,000,000 | 1,903,000,000 | -947,000,000 | -1,029,000,000 | 1,214,000,000 | 2,123,000,000 | 98,000,000 | -485,000,000 | 1,091,000,000 | 2,038,000,000 | 127,000,000 | -1,270,000,000 | 2,993,000,000 | 1,868,000,000 | -544,000,000 | 110,000,000 | 1,859,000,000 | 114,000,000 | -673,000,000 | -26,000,000 | -432,000,000 | -1,135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 3,215,000,000 | 1,490,000,000 | 1,435,000,000 | 3,201,000,000 | 3,283,000,000 | 721,000,000 | 2,373,000,000 | 2,525,000,000 | 2,704,000,000 | 1,346,000,000 | 1,372,000,000 | 1,737,000,000 | 2,889,000,000 | 2,173,000,000 | 2,000,000 | 2,684,000,000 | 1,695,000,000 | 279,000,000 | 1,596,000,000 | 1,152,000,000 | -207,000,000 | -577,000,000 | 920,000,000 | 122,000,000 | -380,000,000 | 1,077,000,000 | 1,851,000,000 | 1,787,000,000 | 150,000,000 | 1,083,812,000 | 1,963,969,000 | 1,649,844,000 | 640,375,000 | 1,173,611,000 | 1,886,591,000 | 1,221,216,000 | 380,618,000 | 1,106,509,000 | 1,507,854,000 | 966,007,000 | 344,327,000 | 881,072,000 | 1,309,800,000 | 702,376,000 | 208,983,000 | 755,280,000 | 1,292,132,000 | 689,981,000 | 177,004,000 | 554,473,000 | 970,464,000 | 593,382,000 | 183,117,000 | 496,819,000 | 674,945,000 | 431,606,000 | 182,380,000 | 281,841,000 | 560,469,000 | 223,283,000 | 276,219,000 | 179,917,000 | 305,364,000 | 187,319,000 | 104,697,000 | 146,265,000 | 195,179,000 | 94,057,000 | 74,164,000 | 80,353,000 | 101,916,000 | 89,902,000 | 43,382,000 | 18,753,000 | 31,797,000 | 34,835,000 | 25,102,000 | 20,347,000 | 13,537,000 | 12,443,000 | 13,969,000 | 22,693,000 | 952,000 | |||||
capital expenditures | -107,000,000 | -73,000,000 | -64,000,000 | -64,000,000 | -121,000,000 | -76,000,000 | -77,000,000 | -146,000,000 | -130,000,000 | -94,000,000 | -71,000,000 | -92,000,000 | -88,000,000 | -75,000,000 | -98,000,000 | -86,000,000 | -109,000,000 | -101,000,000 | -79,000,000 | -59,000,000 | -65,000,000 | -64,000,000 | -72,000,000 | -70,000,000 | -80,000,000 | -87,000,000 | -82,000,000 | -88,000,000 | -111,000,000 | -85,989,000 | -120,976,000 | -103,048,000 | -131,987,000 | -64,113,000 | -76,423,000 | -76,710,000 | -70,559,000 | -51,813,000 | -54,377,000 | -60,443,000 | -53,256,000 | -47,278,000 | -42,286,000 | -53,088,000 | -31,263,000 | -40,779,000 | -28,739,000 | -32,255,000 | -29,731,000 | -27,487,000 | -20,477,000 | -21,430,000 | -15,051,000 | -16,208,000 | -10,527,000 | -14,726,000 | -13,697,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
free cash flows | 3,108,000,000 | 1,417,000,000 | 1,371,000,000 | 3,137,000,000 | 3,162,000,000 | 645,000,000 | 2,296,000,000 | 2,379,000,000 | 2,574,000,000 | 1,252,000,000 | 1,301,000,000 | 1,645,000,000 | 2,801,000,000 | 2,098,000,000 | -96,000,000 | 2,598,000,000 | 1,586,000,000 | 178,000,000 | 1,517,000,000 | 1,093,000,000 | -272,000,000 | -641,000,000 | 848,000,000 | 52,000,000 | -460,000,000 | 990,000,000 | 1,769,000,000 | 1,699,000,000 | 39,000,000 | 997,823,000 | 1,842,993,000 | 1,546,796,000 | 508,388,000 | 1,109,498,000 | 1,810,168,000 | 1,144,506,000 | 310,059,000 | 1,054,696,000 | 1,453,477,000 | 905,564,000 | 291,071,000 | 833,794,000 | 1,267,514,000 | 649,288,000 | 177,720,000 | 714,501,000 | 1,263,393,000 | 657,726,000 | 147,273,000 | 526,986,000 | 949,987,000 | 571,952,000 | 168,066,000 | 480,611,000 | 664,418,000 | 416,880,000 | 168,683,000 | 281,841,000 | 560,469,000 | 223,283,000 | 276,219,000 | 179,917,000 | 305,364,000 | 187,319,000 | 104,697,000 | 146,265,000 | 195,179,000 | 94,057,000 | 74,164,000 | 80,353,000 | 101,916,000 | 89,902,000 | 43,382,000 | 18,753,000 | 31,797,000 | 34,835,000 | 25,102,000 | 20,347,000 | 13,537,000 | 12,443,000 | 13,969,000 | 22,693,000 | 952,000 | |||||
investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment | -107,000,000 | -73,000,000 | -64,000,000 | -64,000,000 | -121,000,000 | -76,000,000 | -77,000,000 | -146,000,000 | -130,000,000 | -94,000,000 | -71,000,000 | -92,000,000 | -88,000,000 | -75,000,000 | -98,000,000 | -86,000,000 | -109,000,000 | -101,000,000 | -79,000,000 | -59,000,000 | -65,000,000 | -64,000,000 | -72,000,000 | -70,000,000 | -80,000,000 | -87,000,000 | -82,000,000 | -88,000,000 | -111,000,000 | -85,989,000 | -120,976,000 | -103,048,000 | -131,987,000 | -64,113,000 | -76,423,000 | -76,710,000 | -70,559,000 | -51,813,000 | -54,377,000 | -60,443,000 | -53,256,000 | -47,278,000 | -42,286,000 | -53,088,000 | -31,263,000 | -40,779,000 | -28,739,000 | -32,255,000 | -29,731,000 | -27,487,000 | -20,477,000 | -21,430,000 | -15,051,000 | -16,208,000 | -10,527,000 | -14,726,000 | -13,697,000 | |||||||||||||||||||||||||||||||
other investing activities | 2,000,000 | 1,000,000 | 3,000,000 | 3,000,000 | 34,000,000 | 0 | -14,000,000 | -19,000,000 | 0 | 1,000,000 | 11,000,000 | -9,000,000 | -1,000,000 | 22,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -107,000,000 | -71,000,000 | -63,000,000 | -61,000,000 | -118,000,000 | -75,000,000 | -2,000,000 | 137,000,000 | 69,000,000 | -39,000,000 | -22,000,000 | -39,000,000 | 1,586,000,000 | 510,000,000 | -785,000,000 | -122,000,000 | -121,000,000 | -783,000,000 | -79,000,000 | -71,000,000 | -65,000,000 | -66,000,000 | -72,000,000 | 1,042,000,000 | 1,733,000,000 | 96,000,000 | 765,000,000 | 4,080,000,000 | 2,109,000,000 | 409,199,000 | 42,648,000 | 127,637,000 | 1,635,516,000 | -558,977,000 | -2,105,632,000 | -644,612,000 | -892,814,000 | -1,130,719,000 | -1,563,282,000 | -786,568,000 | 147,274,000 | -1,220,479,000 | -94,123,000 | -1,439,096,000 | -1,140,820,000 | -2,066,134,000 | -1,817,721,000 | 1,576,166,000 | -40,855,000 | 39,126,000 | -1,215,426,000 | -969,965,000 | -16,002,000 | 137,840,000 | -598,279,000 | -730,773,000 | -371,501,000 | 55,051,000 | 72,600,000 | 5,619,000 | 36,849,000 | |||||||||||||||||||||||||||
financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on maturity of debt | -1,921,000,000 | -1,530,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for repurchase of common stock | -3,770,000,000 | -2,119,000,000 | -653,000,000 | -1,498,000,000 | -2,170,000,000 | -1,227,000,000 | -1,764,000,000 | -1,662,000,000 | -1,856,000,000 | -2,488,000,000 | -2,640,000,000 | -3,099,000,000 | -2,150,000,000 | -2,343,000,000 | -1,990,000,000 | -1,239,000,000 | -1,049,000,000 | -4,000,000 | -9,000,000 | -13,000,000 | -137,000,000 | -4,000,000 | -5,000,000 | -13,000,000 | -1,281,000,000 | -1,347,000,000 | -1,349,000,000 | -2,718,000,000 | -2,773,000,000 | -1,860,696,000 | -2,205,024,000 | -1,186,339,000 | -718,941,000 | -704,817,000 | -567,852,000 | -345,453,000 | -209,797,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -343,000,000 | -307,000,000 | -310,000,000 | -312,000,000 | -319,000,000 | -289,000,000 | -291,000,000 | -295,000,000 | -299,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other financing activities | 87,000,000 | 18,000,000 | -2,000,000 | -21,000,000 | 52,000,000 | -23,000,000 | 2,000,000 | -12,000,000 | -26,000,000 | -14,000,000 | -5,000,000 | -23,000,000 | -17,000,000 | -21,000,000 | -9,000,000 | 1,000,000 | 12,000,000 | -11,000,000 | -1,000,000 | -2,000,000 | -9,000,000 | -38,000,000 | 0 | 3,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -4,026,000,000 | -667,000,000 | -2,484,000,000 | -1,797,000,000 | -3,967,000,000 | 143,000,000 | -3,165,000,000 | -1,966,000,000 | 784,000,000 | -2,490,000,000 | -2,632,000,000 | -1,225,000,000 | -2,562,000,000 | 479,000,000 | -1,999,000,000 | -1,238,000,000 | -2,139,000,000 | -5,000,000 | -1,096,000,000 | -2,007,000,000 | 1,869,000,000 | -4,000,000 | -61,000,000 | 2,874,000,000 | -1,281,000,000 | -1,344,000,000 | -1,389,000,000 | -2,939,000,000 | -2,548,000,000 | -1,838,702,000 | -2,203,923,000 | -1,183,138,000 | -2,205,237,000 | -900,123,000 | 401,072,000 | -423,012,000 | 843,400,000 | -264,869,000 | -218,191,000 | 674,770,000 | -133,973,000 | -20,801,000 | -1,262,730,000 | -660,713,000 | 1,214,248,000 | -496,174,000 | 2,118,416,000 | -51,331,000 | -141,917,000 | -405,492,000 | -451,561,000 | 524,514,000 | -70,972,000 | 635,000 | -52,995,000 | 730,533,000 | -118,439,000 | -66,032,000 | 358,995,000 | 6,333,000 | 43,508,000 | -8,731,000 | 19,242,000 | 1,562,000 | 1,143,000 | 513,000 | ||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | -168,000,000 | -10,000,000 | 2,000,000 | 681,000,000 | 222,000,000 | -404,000,000 | 273,000,000 | -31,000,000 | -28,000,000 | -8,000,000 | -22,000,000 | -15,000,000 | 8,000,000 | 43,000,000 | -39,000,000 | -35,000,000 | -9,000,000 | -2,000,000 | -10,000,000 | 6,000,000 | -7,000,000 | 7,000,000 | 2,000,000 | -21,000,000 | 18,000,000 | -18,000,000 | -6,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents and restricted cash and cash equivalents | -1,086,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash and cash equivalents and restricted cash and cash equivalents, beginning of period | 17,269,000,000 | 0 | 0 | 0 | 16,193,000,000 | 0 | 0 | 0 | 12,135,000,000 | 0 | 0 | 0 | 12,251,000,000 | 0 | 0 | 0 | 11,152,000,000 | 0 | 0 | 0 | 10,582,000,000 | 0 | 0 | 0 | 6,332,000,000 | 0 | 0 | 0 | 2,645,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash and cash equivalents and restricted cash and cash equivalents, end of period | 16,183,000,000 | 742,000,000 | -1,110,000,000 | 2,024,000,000 | 15,613,000,000 | 385,000,000 | -521,000,000 | 665,000,000 | 15,664,000,000 | -1,191,000,000 | -1,304,000,000 | 458,000,000 | 14,172,000,000 | 3,205,000,000 | -2,821,000,000 | 1,289,000,000 | 10,578,000,000 | -511,000,000 | 411,000,000 | -920,000,000 | 12,172,000,000 | -635,000,000 | 794,000,000 | 4,040,000,000 | 6,383,000,000 | -153,000,000 | 1,209,000,000 | 2,922,000,000 | 2,354,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of investments | 0 | 0 | -17,000,000 | -739,000,000 | 0 | -12,000,000 | -2,000,000 | 0 | -2,000,000 | 0 | 0 | -72,000,000 | 24,000,000 | -116,000,000 | -135,000,000 | -445,000,000 | -491,204,000 | -835,191,000 | -645,857,000 | -713,748,000 | -1,152,712,000 | -2,468,541,000 | -1,371,180,000 | -1,498,723,000 | -1,920,465,000 | -2,119,075,000 | -1,650,316,000 | -1,051,346,000 | -3,071,793,000 | -911,390,000 | -2,717,215,000 | -1,969,292,000 | -3,224,579,000 | -3,022,602,000 | -1,692,986,000 | -2,612,047,000 | -2,855,719,000 | -2,873,519,000 | -2,721,886,000 | -1,504,676,000 | -1,562,389,000 | -1,800,155,000 | -1,688,494,000 | -1,301,457,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale and maturity of investments | 0 | 75,000,000 | 297,000,000 | 218,000,000 | 55,000,000 | 48,000,000 | 54,000,000 | 1,683,000,000 | 2,000,000 | 500,000,000 | 0 | 0 | 0 | 1,112,000,000 | 1,885,000,000 | 159,000,000 | 963,000,000 | 4,312,000,000 | 2,665,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of long-term debt | 1,726,000,000 | 0 | 1,877,000,000 | 0 | 0 | 2,959,000,000 | 0 | 0 | 0 | 0 | 0 | 2,015,000,000 | 0 | 0 | 0 | 993,230,000 | 0 | 1,051,722,000 | 0 | 0 | 992,205,000 | 2,500,000 | 779,083,000 | 0 | 0 | 1,619,951,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on maturity, redemption, and conversion of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 3,000,000 | 2,000,000 | 3,000,000 | 6,000,000 | 12,000,000 | 13,000,000 | 4,000,000 | 105,000,000 | 371,000 | 300,000 | 168,000 | 1,161,000 | 837,000 | 1,513,000 | 1,311,000 | 1,479,000 | 2,310,000 | 3,496,000 | 4,951,000 | 4,815,000 | 1,712,000 | 6,314,000 | 3,755,000 | 9,070,000 | 3,955,000 | 2,748,000 | 1,993,000 | 7,693,000 | 5,297,000 | 13,500,000 | 71,845,000 | 965,000 | 28,000 | 962,000 | 648,000 | 1,045,000 | 311,000 | 121,000 | 3,326,000 | 544,000 | 1,128,000 | 1,174,000 | 10,852,000 | 12,597,000 | 34,024,000 | 2,906,000 | 5,296,000 | 1,202,000 | 1,032,000 | 767,000 | 2,342,000 | 1,366,000 | 3,624,000 | 6,548,000 | 2,059,000 | 7,589,000 | 4,542,000 | 2,941,000 | 5,509,000 | 1,142,000 | ||||||||||||||||||||||||||||
net increase in cash and cash equivalents and restricted cash and cash equivalents | 742,000,000 | -1,110,000,000 | 2,024,000,000 | -580,000,000 | 385,000,000 | -521,000,000 | 665,000,000 | 3,529,000,000 | -1,191,000,000 | -1,304,000,000 | 458,000,000 | 1,921,000,000 | 3,205,000,000 | -2,821,000,000 | 1,289,000,000 | -574,000,000 | -511,000,000 | 411,000,000 | -920,000,000 | 1,590,000,000 | -635,000,000 | 794,000,000 | 4,040,000,000 | 51,000,000 | -153,000,000 | 1,209,000,000 | 2,922,000,000 | -291,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturity of investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on maturity and redemption of debt | -778,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount on convertible senior notes | 131,000,000 | 392,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of the conversion option of the convertible senior notes | -5,000,000 | -158,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | -102,000,000 | -223,000,000 | 112,000,000 | 90,000,000 | 108,000,000 | -97,000,000 | 83,000,000 | -21,000,000 | -29,000,000 | 89,000,000 | 8,654,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss related to the conversion option on convertible senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale and leaseback transaction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale and leaseback transaction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on maturity and conversion of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | -73,000,000 | 33,000,000 | -35,000,000 | -69,000,000 | -20,000,000 | -49,000,000 | -340,000,000 | -81,000,000 | 51,000,000 | -216,000,000 | -50,000,000 | -124,045,000 | -4,627,000 | -6,810,000 | 15,284,000 | -16,498,000 | -24,441,000 | 7,891,000 | -54,182,000 | -25,681,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on maturity of debt | 0 | 0 | -500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for income taxes | 164,000,000 | 216,000,000 | 249,000,000 | 1,013,000,000 | 311,000,000 | 99,000,000 | 164,000,000 | 239,000,000 | 98,000,000 | 315,000,000 | 14,000,000 | 190,000,000 | 216,000,000 | 167,000,000 | 91,000,000 | -701,000,000 | 762,000,000 | 88,000,000 | 37,000,000 | 133,000,000 | 816,000,000 | 124,688,000 | 59,788,000 | 200,550,000 | 783,974,000 | 101,173,000 | 24,001,000 | 41,055,000 | 536,192,000 | 23,938,000 | 116,209,000 | 47,089,000 | 449,314,000 | 34,684,000 | 27,071,000 | 92,747,000 | 379,603,000 | 79,345,000 | 26,679,000 | 18,346,000 | 367,160,000 | 125,866,000 | 18,266,000 | 18,144,000 | 228,893,000 | 95,283,000 | 16,195,000 | 15,533,000 | 173,528,000 | 133,386,000 | 43,915,000 | 26,505,000 | 28,956,000 | 107,752,000 | 30,566,000 | 15,069,000 | 15,933,000 | 35,357,000 | 30,783,000 | 21,213,000 | 8,159,000 | 20,668,000 | 30,303,000 | 7,187,000 | 8,790,000 | 9,439,000 | 11,569,000 | 3,897,000 | 6,645,000 | 5,781,000 | 5,690,000 | 4,985,000 | 7,000 | 813,000 | 1,177,000 | 339,000 | 150,000 | |||||||||||
cash paid during the period for interest | 136,000,000 | 285,000,000 | 201,000,000 | 214,000,000 | 142,000,000 | 140,000,000 | 95,000,000 | 73,000,000 | 72,000,000 | 87,000,000 | 67,000,000 | 98,000,000 | 66,000,000 | 120,000,000 | 66,000,000 | 24,000,000 | 68,000,000 | 50,000,000 | 70,000,000 | 33,000,000 | 68,000,000 | 63,944,000 | 54,394,000 | 26,387,000 | 74,275,000 | 44,108,000 | 50,437,000 | 21,812,000 | 38,496,000 | 38,485,000 | 43,700,000 | 3,608,000 | 40,119,000 | 3,899,000 | 36,863,000 | 2,696,000 | 10,841,000 | 2,419,000 | 6,451,000 | 2,259,000 | 5,821,000 | 2,340,000 | 9,074,000 | 468,000 | 9,072,000 | 470,000 | 9,114,000 | 437,000 | 3,912,000 | 130,000 | 3,726,000 | 116,000 | 3,601,000 | 262,000 | 3,863,000 | 25,000 | 751,000 | 206,000 | 1,945,000 | 147,000 | 2,150,000 | 28,000 | 2,627,000 | 164,000 | 3,534,000 | 1,695,000 | 2,889,000 | 0 | 2,958,000 | 0 | 1,749,000 | 1,000 | 1,802,000 | 40,000 | 1,765,000 | |||||||||||||
stock-based compensation expense and other stock-based payments | 161,000,000 | 128,000,000 | 128,000,000 | 113,000,000 | 102,000,000 | 101,000,000 | 108,000,000 | 93,000,000 | 86,000,000 | 86,000,000 | 91,000,000 | 113,000,000 | 76,000,000 | 85,000,000 | 83,000,000 | 11,000,000 | 80,000,000 | 83,000,000 | 84,000,000 | 78,000,000 | 105,117,000 | 76,382,000 | 78,001,000 | 71,500,000 | 68,726,000 | 66,501,000 | 66,988,000 | 59,059,000 | 74,595,000 | 54,115,000 | 54,982,000 | 66,034,000 | 75,065,000 | 58,799,000 | 60,736,000 | 54,533,000 | 46,969,000 | 35,739,000 | 39,412,000 | 35,006,000 | 34,978,000 | 21,826,000 | 17,672,000 | 17,730,000 | 16,640,000 | 13,415,000 | 13,231,000 | 14,110,000 | ||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 0 | 0 | 1,273,000 | 66,000 | 0 | 0 | 0 | 3,000 | 16,000 | 125,000 | 2,733,000 | 3,396,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term assets and liabilities | 271,000,000 | -323,000,000 | 32,000,000 | 162,000,000 | 564,000,000 | -474,000,000 | -408,000,000 | -160,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency transaction gains related to euro-denominated debt | -2,000,000 | -38,000,000 | -30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill | 0 | 573,000,000 | 0 | 489,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -700,000,000 | -167,000,000 | -55,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of debt | -1,102,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount and debt issuance costs | 10,000,000 | 14,000,000 | 14,000,000 | 16,000,000 | 16,000,000 | 15,000,000 | 19,000,000 | 14,000,000 | 15,000,000 | 15,000,000 | 14,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of investment | 0 | 0 | 0 | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions and other investments, net of cash acquired | 0 | 0 | -133,614,000 | 0 | -450,270,000 | -552,315,000 | -484,000 | -6,000 | -7,002,000 | -16,000 | -72,000 | -723,000 | -89,727,000 | -19,775,000 | -26,162,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility and short-term borrowings | 0 | -37,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of revolving credit facility and short-term borrowings | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for redemption and conversion of debt | 0 | -1,086,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency transaction losses on euro-denominated debt | -54,000,000 | 61,000,000 | 117,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term assets and liabilities | -105,000,000 | -8,000,000 | -46,000,000 | 121,000,000 | 46,000,000 | -79,000,000 | 62,000,000 | -63,000,000 | 20,000,000 | -418,000,000 | -6,722,000 | -11,489,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of debt issuance costs | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net losses on marketable equity securities | -32,000,000 | 307,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency transaction gains on euro-denominated debt | -91,000,000 | -33,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for conversion of debt | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash operating and financing activity for an acquisition | 249,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activity for an acquisition | -690,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on marketable equity securities | -730,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of effect of acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of short-term borrowings | -25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for uncollectible accounts and chargebacks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized losses on marketable equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other current liabilities | -314,000,000 | -719,000,000 | 952,000,000 | 561,000,000 | -369,748,000 | -323,868,000 | 697,120,000 | 631,496,000 | 46,486,000 | -232,745,000 | 567,947,000 | 305,758,000 | -10,058,000 | -161,559,000 | 375,982,000 | 311,991,000 | -25,680,000 | -213,937,000 | 204,603,000 | 201,215,000 | -5,687,000 | -103,368,000 | 165,317,000 | 147,608,000 | -98,782,000 | -47,065,000 | 139,898,000 | 188,112,000 | -62,033,000 | 73,370,000 | 91,445,000 | 153,239,000 | -81,835,000 | 87,853,000 | 26,544,000 | 177,763,000 | -85,148,000 | 46,055,000 | 100,132,000 | 23,711,000 | -3,035,000 | 30,159,000 | 27,657,000 | 32,011,000 | -26,273,000 | -5,598,000 | 42,214,000 | 21,902,000 | -16,723,000 | 8,872,000 | -43,651,000 | 61,280,000 | -4,459,000 | 483,000 | ||||||||||||||||||||||||||||||||||
long-term u.s. transition tax liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for conversion of senior notes | 187,000 | -78,000 | 0 | -1,487,109,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for uncollectible accounts | 34,000,000 | 34,000,000 | 40,000,000 | 13,530,000 | 748,000 | 1,062,000 | 7,762,000 | 799,000 | 2,610,000 | 1,942,000 | 2,748,000 | 666,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on marketable equity securities | 49,000,000 | -17,000,000 | -451,000,000 | -30,858,000 | -21,849,000 | -54,514,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration fair value adjustment | 0 | 2,000,000 | 7,000,000 | 11,067,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility | 250,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 65,948,000 | 64,625,000 | 60,887,000 | 56,540,000 | 51,495,000 | 50,613,000 | 44,711,000 | 40,412,000 | 38,106,000 | 36,796,000 | 34,671,000 | 30,486,000 | 27,997,000 | 26,825,000 | 25,021,000 | 21,674,000 | 23,537,000 | 21,815,000 | 17,337,000 | 15,552,000 | 14,400,000 | 12,897,000 | 11,266,000 | 9,802,000 | 9,497,000 | 8,171,000 | 7,465,000 | 7,685,000 | 5,847,000 | 5,576,000 | 5,059,000 | 4,166,000 | 4,141,000 | 4,199,000 | 3,900,000 | 3,969,000 | 3,886,000 | 3,636,000 | 3,516,000 | 3,453,000 | 3,589,000 | 3,583,000 | 3,608,000 | 3,608,000 | 3,554,000 | 2,996,000 | 2,688,000 | 2,576,000 | 2,573,000 | 2,637,000 | 2,555,000 | 2,359,000 | 2,242,000 | 2,120,000 | 2,017,000 | 2,289,000 | 216,000 | 2,078,000 | 5,997,000 | |||||||||||||||||||||||||||||
amortization | 42,655,000 | 43,016,000 | 45,779,000 | 46,550,000 | 46,067,000 | 45,297,000 | 41,161,000 | 43,018,000 | 41,701,000 | 41,949,000 | 43,041,000 | 42,385,000 | 42,767,000 | 42,229,000 | 42,653,000 | 43,328,000 | 48,021,000 | 35,784,000 | 22,950,000 | 22,824,000 | 22,721,000 | 22,850,000 | 14,761,000 | 9,278,000 | 8,131,000 | 7,837,000 | 8,198,000 | 8,157,000 | 7,890,000 | 8,381,000 | 8,592,000 | 8,313,000 | 10,062,000 | 10,596,000 | 7,787,000 | 5,810,000 | 6,125,000 | 6,462,000 | 6,207,000 | 5,908,000 | 6,855,000 | 7,352,000 | 7,456,000 | 7,017,000 | 7,313,000 | 6,135,000 | 6,309,000 | 5,929,000 | 6,343,000 | 6,380,000 | 6,142,000 | 5,917,000 | 5,855,000 | 5,877,000 | 3,386,000 | 3,516,000 | 3,178,000 | 142,000 | -3,673,000 | |||||||||||||||||||||||||||||
amortization of debt issuance costs | 1,523,000 | 1,684,000 | 1,680,000 | 2,113,000 | 2,481,000 | 2,318,000 | 2,442,000 | 2,067,000 | 2,011,000 | 2,003,000 | 1,907,000 | 1,837,000 | 1,665,000 | 1,695,000 | 2,675,000 | 1,543,000 | 1,411,000 | 1,233,000 | 1,239,000 | 1,346,000 | 3,546,000 | 1,473,000 | 1,447,000 | 1,432,000 | 1,422,000 | 1,453,000 | 1,442,000 | 895,000 | 684,000 | 563,000 | 560,000 | 553,000 | 547,000 | 892,000 | 986,000 | 907,000 | 845,000 | 618,000 | 486,000 | 516,000 | 1,393,000 | 663,000 | 889,000 | 771,000 | 845,000 | 785,000 | 808,000 | 763,000 | 864,000 | 323,000 | 369,000 | 369,000 | 372,000 | 372,000 | 368,000 | 364,000 | 216,000 | 216,000 | 203,000 | |||||||||||||||||||||||||||||
amortization of debt discount | 12,301,000 | 12,328,000 | 12,244,000 | 15,127,000 | 16,825,000 | 17,523,000 | 17,761,000 | 17,625,000 | 17,462,000 | 17,332,000 | 17,171,000 | 17,009,000 | 16,819,000 | 16,657,000 | 16,520,000 | 16,691,000 | 15,652,000 | 14,820,000 | 11,847,000 | 12,412,000 | 14,493,000 | 16,993,000 | 13,112,000 | 11,120,000 | 10,989,000 | 10,859,000 | 10,731,000 | 7,241,000 | 5,470,000 | 5,391,000 | 5,314,000 | 5,239,000 | 5,162,000 | 5,482,000 | 6,192,000 | 3,274,000 | 3,451,000 | 4,516,000 | 5,039,000 | 5,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
impairment of investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits on stock-based awards and other equity deductions | -11,130,000 | 10,646,000 | 43,397,000 | 18,073,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investments | 1,120,006,000 | 998,815,000 | 1,015,928,000 | 2,481,251,000 | 1,108,118,000 | 991,647,000 | 803,762,000 | 676,474,000 | 848,533,000 | 658,702,000 | 924,264,000 | 1,252,604,000 | 1,903,257,000 | 949,055,000 | 1,351,152,000 | 880,774,000 | 1,199,468,000 | 3,624,621,000 | 3,426,398,000 | 2,652,013,000 | 2,949,795,000 | 1,688,835,000 | 2,130,706,000 | 1,521,947,000 | 1,730,170,000 | 1,198,472,000 | 945,414,000 | 925,356,000 | 699,565,000 | 504,484,000 | 407,087,000 | 618,427,000 | 405,744,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of land-use rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term borrowing | 21,088,000 | 879,000 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | -3,440,000 | -16,103,000 | -31,056,000 | 10,599,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash and cash equivalents | -349,131,000 | -213,409,000 | 563,287,000 | 81,253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash and cash equivalents and restricted cash and cash equivalent, end of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from uncollectible accounts | 46,048,000 | 33,702,000 | 28,331,000 | 19,741,000 | 16,448,000 | 16,284,000 | 9,305,000 | 6,812,000 | 7,082,000 | 4,009,000 | 4,212,000 | 9,021,000 | 8,840,000 | 6,028,000 | 4,451,000 | 3,671,000 | 3,773,000 | 4,497,000 | 3,965,000 | 4,216,000 | 4,807,000 | 4,444,000 | 2,845,000 | 3,998,000 | 1,690,000 | 2,789,000 | 2,040,000 | 2,812,000 | 1,365,000 | 2,273,000 | 1,680,000 | 1,784,000 | -152,000 | 1,799,000 | 2,150,000 | 1,710,000 | 443,000 | 768,000 | 478,000 | 466,000 | 836,000 | 551,000 | 25,000 | -56,000 | ||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities, net of effects of an acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt | 0 | 0 | -348,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash and cash equivalents, beginning of period | 0 | 0 | 2,563,341,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash and cash equivalents, end of period | -213,409,000 | 563,287,000 | 2,644,594,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activity for loan forgiveness | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activity | 0 | 0 | 0 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of cost-method investments | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from foreign currency contracts | 0 | 0 | 0 | 453,818,000 | 0 | 0 | 12,086,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on foreign currency contracts | 0 | 0 | 0 | -448,640,000 | 0 | -15,795,000 | -35,486,000 | -43,380,000 | -25,825,000 | -11,858,000 | -26,648,000 | -17,539,000 | -1,792,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to revolving credit facility | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs - revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to conversion of senior notes | -196,143,000 | -6,102,000 | -83,469,000 | -4,000 | 0 | 0 | 0 | -147,629,000 | -3,211,000 | -4,095,000 | -59,381,000 | -58,449,000 | -414,561,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of contingent consideration | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash and cash equivalent, end of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activity for contingent consideration | 0 | 0 | 0 | 9,170,000 | -2,610,000 | -11,067,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of land use rights | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | 30,467,000 | 46,833,000 | 21,737,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 212,498,000 | 200,425,000 | 352,941,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 2,082,007,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 212,498,000 | 200,425,000 | 2,434,948,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of cost-method investment | 50,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | -256,049,000 | -232,333,000 | -265,783,000 | -259,361,000 | -821,671,000 | -1,280,803,000 | -677,963,000 | -308,618,000 | -504,922,000 | -148,130,000 | -666,000 | -96,660,000 | -507,000 | -459,723,000 | -346,905,000 | -76,380,000 | -1,624,000 | -229,000 | -943,000 | -254,225,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activity for acquisitions | -1,000 | 8,168,000 | 0 | 1,706,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | -22,000 | -1,000 | -5,000 | -170,000 | -55,000 | 38,000 | 14,503,000 | -117,000 | -5,077,000 | -1,277,000 | -960,000 | 35,000 | -581,000 | 718,000 | -487,000 | -2,387,000 | -600,000 | 104,000 | -5,000 | -14,000 | 289,000 | 959,000 | 15,346,000 | 3,493,000 | -283,000 | 1,328,000 | 295,000 | -578,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 2,170,000 | -17,656,000 | 22,272,000 | -4,185,000 | -238,000 | 30,568,000 | -175,248,000 | -88,045,000 | -53,002,000 | 933,000 | 3,924,000 | 5,793,000 | 30,403,000 | 3,073,000 | -21,282,000 | 12,538,000 | 8,383,000 | -27,127,000 | 17,827,000 | 722,000 | 8,035,000 | -498,000 | -137,000 | 8,251,000 | 2,017,000 | 3,820,000 | 1,278,000 | 706,000 | 2,753,000 | 432,000 | 1,449,000 | 407,000 | -91,000 | 160,000 | 316,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -271,449,000 | 836,553,000 | 379,900,000 | -364,393,000 | -47,291,000 | -1,366,865,000 | 107,163,000 | -1,895,073,000 | 1,539,825,000 | 2,215,749,000 | -1,844,000 | 193,900,000 | -666,120,000 | 151,004,000 | 74,861,000 | 637,879,000 | 85,684,000 | -379,289,000 | 559,239,000 | 211,670,000 | -190,083,000 | 60,175,000 | 192,107,000 | -57,682,000 | -37,167,000 | 122,876,000 | -28,467,000 | 31,411,000 | 189,899,000 | 36,864,000 | 1,566,000 | -19,786,000 | 82,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 1,477,265,000 | 0 | 0 | 0 | 3,148,651,000 | 0 | 0 | 0 | 1,289,994,000 | 0 | 0 | 0 | 1,536,349,000 | 0 | 0 | 0 | 632,836,000 | 0 | 0 | 0 | 358,967,000 | 0 | 0 | 0 | 202,141,000 | 0 | 0 | 0 | 364,550,000 | 0 | 0 | 0 | 385,359,000 | 0 | 0 | 0 | 423,577,000 | 0 | 0 | 0 | 80,341,000 | 0 | 0 | 0 | 101,270,000 | 0 | 93,732,000 | 0 | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | -271,449,000 | 836,553,000 | 1,857,165,000 | -364,393,000 | -47,291,000 | -1,366,865,000 | 3,255,814,000 | -1,895,073,000 | 1,539,825,000 | 2,215,749,000 | 1,288,150,000 | 193,900,000 | -666,120,000 | 151,004,000 | 1,611,210,000 | 637,879,000 | 85,684,000 | -379,289,000 | 1,192,075,000 | 211,670,000 | -190,083,000 | 60,175,000 | 551,074,000 | -174,154,000 | 177,086,000 | 7,260,000 | 348,775,000 | -160,332,000 | 29,024,000 | 42,189,000 | 291,260,000 | -48,836,000 | -57,682,000 | -37,167,000 | 508,235,000 | -38,149,000 | -3,013,000 | -28,467,000 | 454,988,000 | 114,907,000 | 189,899,000 | 36,864,000 | 81,907,000 | -19,748,000 | -18,181,000 | 18,199,000 | 100,071,000 | -19,786,000 | 176,092,000 | -21,570,000 | ||||||||||||||||||||||||||||||||||||||
acquisitions and other equity investments, net of cash acquired | -282,000 | -2,395,034,000 | -98,417,000 | -2,633,000 | -361,000 | -713,000 | -330,742,000 | -102,000 | -19,990,000 | -442,000 | -143,000 | -13,286,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to purchase subsidiary shares from noncontrolling interests | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of stock issuance costs | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the termination of conversion spread hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits on stock-based awards | 10,573,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash fair value increase for redeemable noncontrolling interests | 0 | 0 | -246,000 | 42,768,000 | 25,438,000 | 15,815,000 | -8,774,000 | 52,214,000 | 50,416,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs | -235,000 | -5,208,000 | -8,064,000 | -1,223,000 | -108,000 | -881,000 | 0 | -495,000 | -94,000 | -20,327,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits on stock-based compensation | 18,703,000 | 49,538,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense and other stock based payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit from stock-based compensation | 9,520,000 | 1,656,000 | 569,000 | 496,000 | 2,163,000 | 212,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit on stock-based compensation | 1,917,000 | 6,723,000 | 5,499,000 | -4,449,000 | 13,324,000 | 4,443,000 | 398,000 | 8,473,000 | 4,040,000 | 2,823,000 | 2,640,000 | 65,000 | 1,277,000 | 527,000 | 550,000 | 400,000 | 169,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from settlement of foreign currency contracts | 17,082,000 | 29,563,000 | 32,183,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of convertible debt | 0 | 0 | 0 | 1,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation and other stock based payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of convertible senior notes | 0 | 0 | 0 | 575,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of subsidiary shares to noncontrolling interests | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to conversion of convertible debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to the conversion of convertible debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversal of valuation allowances on deferred tax assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other deferred income taxes | 3,155,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in income of investees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from redemption of equity investment in pricelinemortgage.com | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash fair value adjustment for redeemable noncontrolling interests | 23,385,000 | 10,355,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on early extinguishment of debt | 0 | 3,226,000 | 2,857,000 | 5,251,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (income) loss of investees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on impairment of investment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of shares held by noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from provided by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash fair value adjustments for redeemable noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversal of valuation allowance on deferred tax assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other deferred income taxes, excluding valuation allowance reversal | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation and other stock-based payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments related to conversion of convertible senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase/(decrease) in cash and cash equivalents | 177,086,000 | 7,260,000 | 146,634,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturity of investments | 257,524,000 | 212,674,000 | 137,566,000 | 132,573,000 | 130,843,000 | 31,202,000 | 33,329,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of investees | 31,000 | 35,000 | 126,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gain on foreign currency forward contracts | 9,707,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized loss on foreign currency forward contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of shares held by noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of investee, net and minority interests | 47,000 | 1,055,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charge | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of shares held by minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes | 45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of conversion spread hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of shares held by minority interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of investee, net, and minority interests | 1,231,000 | 510,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of investments | 94,131,000 | 22,652,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of shares in subsidiary held by minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock and warrant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | 61,686,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used in) by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase (decrease) in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of short-term investments | -13,000 | 7,996,000 | 24,726,000 | 79,708,000 | 57,933,000 | 14,478,000 | 67,242,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (income) loss of investee, net, and minority interests | 93,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (income) loss of investee, net and minority nterests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charge (reversal) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss on disposal of property and equipment | 97,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of fixed assets | 0 | 7,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(purchase) sale of shares in subsidiary held by minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (income) loss of investee, net and minority interests | 2,329,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on disposable property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock based compensation expense | 3,717,000 | 3,017,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges (reversals) | 0 | 135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of shares in subsidiary held by minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 17,158,000 | -10,922,000 | -164,000 | 20,045,000 | 2,134,000 | 9,492,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) financing activities | -12,371,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation expense arising from restricted stock awards | 1,195,000 | 1,271,000 | 989,000 | 714,000 | 112,000 | 106,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (income) loss of investees and minority interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
warrant costs | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of minority interest in subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of warrant and common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of fixed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of minority interest in subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options and warrants | 534,000 | 1,562,000 | 1,143,000 | 5,353,000 | 564,000 | 68,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on disposal of property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(investment in) redemption of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) investing activities | 71,021,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during period for interest | 1,877,000 | 663,000 | 39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment charge | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from convertible notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of/(investment in) short-term investments/marketable securities | -127,512,000 | 72,160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash and bank certificate of deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investment and other acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided/(used in) by operating activities | 10,666,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return of restricted cash and bank certificate of deposit | 101,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investment and other acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional debt issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on disposal of property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on sale of equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash severance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
enhanced withholding on restricted shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales/maturities of investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(funding) return of restricted cash and bank certificate of deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in priceline.com europe ltd. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired from acquisition of priceline.com europe ltd. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in short-term investments/marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares reacquired for withholding taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock/purchase of warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of priceline.com europe ltd. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income/(loss) to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation expense arising from deferred stock awards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds of convertible notes and warrants of licensees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funding of restricted cash and bank certificate of deposit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of offering costs |