Schedule I - Condensed Financial Information of Parent

12 Months Ended

Dec. 31, 2024

Condensed Financial Information Disclosure [Abstract]

Schedule I - Condensed Financial Information of Parent


	December 31,
	2024		2023
ASSETS
Current assets:
Cash and cash equivalents	$	4,173	$	1,752
Receivables from subsidiaries	296		106
Other current assets	18		22
Total current assets	4,487		1,880
Loans receivable from subsidiaries	982		1,119
Investment in subsidiaries	10,586		10,294
Other assets	52		29
Total assets	$	16,107	$	13,322
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:

Payables to subsidiaries	$	23	$	19
Accrued expenses and other current liabilities	1,674		336
Short-term debt	1,745		1,961
Total current liabilities	3,442		2,316
Loans payable to subsidiaries	1,533		1,404
Other long-term liabilities	299		123
Long-term debt	14,853		12,223
Total liabilities	20,127		16,066
Commitments and contingencies


Total stockholders' deficit	(4,020)		(2,744)
Total liabilities and stockholders' deficit	$	16,107	$	13,322

See Notes to Condensed Financial Statements.

Booking Holdings Inc.

Schedule I - Condensed Financial Information of Parent (Booking Holdings Inc.)

CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(In millions)


	Year Ended December 31,
	2024		2023		2022
Revenues	$	—	$	—	$	—
Operating expenses	341		299		225
Operating loss	(341)		(299)		(225)
Interest expense	(880)		(495)		(284)
Interest and dividend income	200		166		58
Other income (expense), net	4		(166)		58
Equity in earnings (losses) of subsidiaries, net of tax	7,061		5,074		3,442
Income before income taxes	6,044		4,280		3,049
Income tax expense (benefit)	162		(9)		(9)
Net income	$	5,882	$	4,289	$	3,058



Other comprehensive loss, net of tax	(52)		(56)		(123)
Comprehensive income	$	5,830	$	4,233	$	2,935

See Notes to Condensed Financial Statements

Booking Holdings Inc.

Schedule I - Condensed Financial Information of Parent (Booking Holdings Inc.)

CONDENSED STATEMENTS OF CASH FLOWS

(In millions)


	Year Ended December 31,
	2024		2023		2022
OPERATING ACTIVITIES:
Net cash provided by operating activities	$	6,414	$	6,464	$	3,695
INVESTING ACTIVITIES:

Proceeds from internal transfers of subsidiaries	—		—		174


Dividends received	139		107		3,087
Other investing activities	(37)		(128)		(102)
Net cash provided by (used in) investing activities	102		(21)		3,159
FINANCING ACTIVITIES:


Proceeds from the issuance of long-term debt	4,836		1,893		3,621

Payments on maturity and conversion of debt	(1,312)		(500)		(1,880)

Payments for repurchase of common stock	(6,509)		(10,377)		(6,621)
Dividends paid	(1,174)		—		—
Proceeds from exercise of stock options	14		134		7
Other financing activities	50		49		47
Net cash used in financing activities	(4,095)		(8,801)		(4,826)

Net increase (decrease) in cash and cash equivalents	2,421		(2,358)		2,028
Total cash and cash equivalents, beginning of period	1,752		4,110		2,082
Total cash and cash equivalents, end of period	$	4,173	$	1,752	$	4,110

See Notes to Condensed Financial Statements.

Booking Holdings Inc.

Schedule I - Condensed Financial Information of Parent (Booking Holdings Inc.)

NOTES TO CONDENSED FINANCIAL STATEMENTS

1. BASIS OF PRESENTATION

These condensed parent company-only financial statements of Booking Holdings Inc. (the "Parent"), are prepared on a "parent company-only" basis and have been derived from and should be read in conjunction with the consolidated financial statements and related notes of Booking Holdings Inc. and subsidiaries included in Part IV, Item 15 of this Annual Report on Form 10-K (the "Consolidated Financial Statements"). Under a parent company-only presentation, investments in the parent's subsidiaries are accounted for under the equity method of accounting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted.

2. DEBT

See Note 12 to the Consolidated Financial Statements for additional information on the Parent's revolving credit facility and outstanding debt.

3. DIVIDENDS FROM SUBSIDIARIES

Cash dividends paid to the Parent by the subsidiaries were $7.2 billion, $7.3 billion, and $7.3 billion for the years ended December 31, 2024 and 2023, and 2022, respectively, and are classified within "Net cash provided by operating activities" or "Net cash provided by (used in) investing activities," as appropriate, in the Condensed Statements of Cash Flows.

4. GUARANTEES

The Parent had $721 million and $389 million of guarantees issued on behalf of the Parent's subsidiaries as of December 31, 2024 and 2023, respectively, which are primarily related to arrangements with payment processors and networks.