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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income (loss) $ 20 $ (148) $ (289)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 97 111 125
Stock-based compensation expense (Note 14) 88 120 109
Deferred income tax expense (benefit) (Note 11) (19) (44) (1)
Provision for expected credit losses (Note 2) 6 3 17
Impairment of goodwill 0 0 3
Loss on sale/disposal of business (Note 17) 0 0 6 [1]
Other, net 7 19 11
Changes in operating assets and liabilities, net of effects from acquisitions and other investments:      
Accounts receivable and contract assets, prepaid expenses and other assets (87) (73) 92
Accounts payable, accrued expenses and other liabilities 72 30 (28)
Deferred merchant payables 99 81 (124)
Income tax receivables/payables, net 107 1 (81)
Deferred revenue 10 8 (34)
Net cash provided by (used in) operating activities 400 108 (194)
Investing activities:      
Capital expenditures, including capitalized website development (56) (54) (55)
Acquisitions and other investments, net of cash acquired 0 0 (4)
Other investing activities, net 4 0 3
Net cash provided by (used in) investing activities (52) (54) (56)
Financing activities:      
Repurchase of common stock (Note 15) 0 0 (115)
Purchase of capped calls in connection with 2026 Senior Notes (Note 9) 0 (35) 0
Payments of financing costs for the issuance of Senior Notes (Note 9) 0 0 (10)
Proceeds from exercise of stock options (Note 14) 0 8 0
Payment of withholding taxes on net share settlements of equity awards (20) (44) (21)
Payments of finance lease obligation and other financing activities, net (Note 6) (7) (6) (6)
Net cash provided by (used in) financing activities (27) 263 341
Effect of exchange rate changes on cash, cash equivalents and restricted cash (23) (12) 8
Net increase (decrease) in cash, cash equivalents and restricted cash 298 305 99
Cash, cash equivalents and restricted cash at beginning of period 723 418 319
Cash, cash equivalents and restricted cash at end of period 1,021 723 418
Supplemental disclosure of cash flow information:      
Cash paid (received) during the period for income taxes, net of refunds (40) 5 3
Cash paid during the period for interest 40 43 13
Supplemental disclosure of non-cash investing and financing activities:      
Stock-based compensation capitalized with internal-use software and website development costs (Note 14) 10 13 15
2026 Senior Notes      
Financing activities:      
Proceeds from issuance of Senior Notes, net of financing costs (Note 9) 0 340 0
2025 Senior Notes      
Financing activities:      
Proceeds from issuance of Senior Notes, net of financing costs (Note 9) 0 0 500
Credit Facility      
Financing activities:      
Proceeds from credit facility 0 0 700
Payment of financing costs related to Credit Facility (Note 9) 0 0 (7)
Payments to Credit Facility (Note 9) $ 0 $ 0 $ 700
[1] Related to loss on disposal on the sale of our SmarterTravel business during June 2020.