Earnings quality
Compare earnings and operating cash flow for earnings quality.
Booking Holdings Inc.
Ticker BKNG · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-02-18 · Period end 2012-12-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is -19.1%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio-19.1%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Booking Holdings Inc. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 203-299-8000 · As of filing date 2026-02-18
Financial statements
Income statement
| Account | FY2012 (ended Sep 30, 2012) | FY2012 (ended Dec 31, 2012) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | $4.4B | $12.4B |
| Operating profit | $7.6B | $8.8B |
| Income tax | $1.4B | $1.4B |
| Net income | $596.6M | $288.7M |
| Basic EPS | 174.96 | 166.52 |
Balance sheet
| Account | FY2012 (ended Sep 30, 2012) | FY2012 (ended Dec 31, 2012) |
|---|---|---|
| Cash & equivalents | $16.2B | $17.2B |
| Current assets | $20.5B | $22.3B |
| Non-current assets* | $7.2B | $7.0B |
| Total assets | $27.7B | $29.3B |
| Current liabilities | $15.6B | $16.7B |
| Non-current liabilities* | $16.1B | $18.1B |
| Total liabilities | $31.7B | $34.8B |
| Stockholders’ equity | -$4.0B | -$5.6B |
Cash flow statement
| Account | FY2012 (ended Sep 30, 2012) | FY2012 (ended Dec 31, 2012) |
|---|---|---|
| Operating cash flow | $8.3B | $9.4B |
| Investing cash flow | $129.0M | -$313.0M |
| Financing cash flow | -$4.2B | -$8.9B |
| Cash at end of period | $16.2B | $17.2B |
Five-year trends
No multi-year summary metrics found in this filing.
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—). Operating profit went from $7.6B to $8.8B (▲ +16.8%).
Operating cash flow was $9.4B (prior $8.3B), with cash on the balance sheet at $17.2B versus $16.2B.
Liquidity & leverage
Cash moved from $16.2B to $17.2B; current liabilities $16.7B.
Capital buffer
Stockholders’ equity moved from -$4.0B to -$5.6B.
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Source: SEC EDGAR 0001075531-26-000009
(Booking Holdings Inc.), period end 2012-12-31.