Booking Holdings Shareholder Engagement Presentation Deck
Appendix: Unaudited Reconciliation of GAAP to Non-GAAP Financial Information
(figures in millions)
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
GAAP Net Income
(a) Adjustment to loyalty program liability
(b) Net travel transaction tax charge (benefit)
(c) Adjustment to personnel expenses
(d) Litigation settlement
(e) Depreciation and amortization
(f) Impairment of goodwill
(e) Interest and dividend income
(e) Interest expense
(g) Losses on early extinguishment of debt and related reverse treasury lock agreements
(h) Foreign currency transaction (gains) losses on the remeasurement of certain Euro-denominated debt and accrued interest
(i) Net losses (gains) on equity securities
(j) Impairment of investments
(e) Income tax expense
Adjusted EBITDA
Note: Figures may not sum due to rounding.
2021
$1,165
421
(16)
334
257
(135)
577
300
$2,904
2020
$59 $4,865
458
1,062
(54)
356
2019
200
(1,811)
100
508
66
469
(152)
266
(7)
(745)
1,093
$879 $5,855
Year Ended December 31,
2018
2017
$2,341
$3,998
(27)
45
426
(187)
269
367
837
$5,729
(12)
19
363
(157)
254
2
2,058
$4,867
2016
$2,135 $2,551
309
941
(95)
208
2015
63
578
$4,139
(30)
272
(56)
160
577
$3,475
BOOKING HOLDINGS
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