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Expedia Group, Inc. (EXPE) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Expedia Group, Inc.

CIK: 1324424 Ticker: EXPE
Exhibit 99.1
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Expedia Group Reports Fourth Quarter 2020 Results
SEATTLE, WA – February 11, 2021 – Expedia Group,
Inc. (NASDAQ: EXPE) announced financial results today for the fourth quarter ended December 31, 2020.

“Last year was an incredibly difficult year for the travel industry, and while not as hard hit as many of our partners, Expedia was not spared the broadly negative impacts of COVID-19. The fourth quarter brought signs of hope in the form of vaccine approvals, but rising cases across the globe and rolling shutdowns of various travel markets made an impact. As a result, Q4 did not show any real sequential progress other than some signs of modest improvement around the holidays that carried into the early part of 2021," said Vice Chairman and CEO, Peter Kern. "While the environment continues to be unpredictable, we remain keenly focused on reshaping and simplifying our business. We are proud of the teams' immense effort during such a difficult personal and professional time for all of us, and we look forward to much better outcomes for our customers and partners as the travel market rebounds."

Financial Summary & Operating Metrics ($ millions except per share amounts) - Fourth Quarter 2020(1)
Expedia Group, Inc.
MetricQ4 2020Q4 2019Δ Y/Y
Room night growth
(61)%11%NM
Gross bookings
$7,567$23,245(67)%
Revenue
9202,747(67)%
Operating income (loss)
(463)160NM
Net income (loss) attributable to Expedia Group common stockholders
(412)76NM
Diluted earnings (loss) per share
$(2.89)$0.52NM
Adjusted EBITDA(2)
(160)478NM
Adjusted net income (loss)(2)
(376)185NM
Adjusted EPS(2)
$(2.64)$1.24NM
Free cash flow(2)
(513)45NM

(1)All comparisons are against comparable period of 2019 unless otherwise noted.
(2)"Adjusted EBITDA" (Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization), "Adjusted net income (loss)," "Adjusted EPS" and "Free cash flow" are non-GAAP measures as defined by the Securities and Exchange Commission (the "SEC"). See "Definitions of Non-GAAP Measures" and "Tabular Reconciliations for Non-GAAP Measures" on pages 12-19 herein for an explanation and reconciliations of non-GAAP measures used throughout this release. Expedia Group does not calculate or report net income by segment.

Financial Summary & Operating Metrics ($ millions except per share amounts) - Full Year 2020(1)
Page 1 of 20

The following information was filed by Expedia Group, Inc. (EXPE) on Thursday, February 11, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Operations (Parenthetical)
Acquisitions, Other Investments And Divestitures
Acquisitions, Other Investments And Divestitures (Tables)
Acquisitions, Other Investments And Divestitures - Additional Information (Details)
Acquisitions, Other Investments And Divestitures - Summary Of Fair Value Of Assets Acquired And Liabilities Assumed In Conjunction With Acquisition (Details)
Capital Stock
Capital Stock (Tables)
Capital Stock - Accumulated Other Comprehensive Loss (Details)
Capital Stock - Additional Information (Details)
Capital Stock - Effects Of Changes In Noncontrolling Interest (Details)
Capital Stock - Shares Repurchased (Details)
Capital Stock - Summary Of Dividends Declared (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Details)
Commitments And Contingencies - Schedule Of Commitments And Obligations (Details)
Debt
Debt (Tables)
Debt - Additional Information (Details)
Debt - Long Term Debt Outstanding (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Additional Information (Details)
Earnings Per Share - Basic And Diluted Earnings Per Share (Details)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - Financial Instruments Measured At Fair Value (Details)
Goodwill And Intangible Assets, Net
Goodwill And Intangible Assets, Net (Tables)
Goodwill And Intangible Assets, Net - Additional Information (Details)
Goodwill And Intangible Assets, Net - Changes In Goodwill By Reportable Segment (Details)
Goodwill And Intangible Assets, Net - Components Of Intangible Assets With Definite Lives (Details)
Goodwill And Intangible Assets, Net - Estimated Future Amortization Expense Related To Intangible Assets (Details)
Goodwill And Intangible Assets, Net - Schedule Of Goodwill And Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Components Of Deferred Tax Assets And Deferred Tax Liabilities (Details)
Income Taxes - Domestic And Foreign Income Loss Before Income Taxes (Details)
Income Taxes - Schedule Of Statutory Federal Income Tax Rate To Income From Continuing Operations Before Income Taxes (Details)
Income Taxes - Summary Of Provision For Income Taxes (Details)
Income Taxes - Uncertain Tax Positions (Details)
Leases
Leases (Details)
Leases (Tables)
Leases Maturities Of Lease Liabilities (Details)
Leases Supplemental Balance Sheet Information (Details)
Leases Supplemental Cash Flow Information (Details)
Liberty Expedia Holdings Transaction
Liberty Expedia Holdings Transaction (Details)
Organization And Basis Of Presentation
Other Income (Expense)
Other Income (Expense) (Tables)
Other Income Expense (Details)
Property And Equipment, Net
Property And Equipment, Net (Tables)
Property And Equipment, Net - Additional Information (Details)
Property And Equipment, Net - Components Of Property And Equipment, Net (Details)
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited) (Tables)
Quarterly Financial Information (Unaudited) - Schedule Of Quarterly Financial Information (Details)
Related Party Transactions
Related Party Transactions - Additional Information (Details)
Restructuring And Related Reorganization Charges
Restructuring And Related Reorganization Charges - Additional Information (Details)
Restructuring And Related Reorganization Charges - Summary Of The Restructuring And Related Reorganization Activity (Details)
Segment Information
Segment Information (Tables)
Segment Information - Revenue By Services And Geographic Area (Details)
Segment Information - Schedule Of Property Plant And Equipment By Geographic Area (Details)
Segment Information - Schedule Of Segment Information (Details)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Significant Accounting Policies (Tables)
Significant Accounting Policies - Additional Information (Details)
Significant Accounting Policies - Reclassifications (Details)
Significant Accounting Policies - Reconciliation Of Cash, Cash Equivalents And Restricted Cash (Details)
Stock-Based Awards And Other Equity Instruments
Stock-Based Awards And Other Equity Instruments (Tables)
Stock-Based Awards And Other Equity Instruments - Additional Information (Details)
Stock-Based Awards And Other Equity Instruments - Summary Of Restricted Stock Units Activity (Details)
Stock-Based Awards And Other Equity Instruments - Summary Of Stock Option Activity (Details)
Stock-Based Awards And Other Equity Instruments - Weighted Average Assumptions Of Black-Scholes And Monte Carlo Option-Pricing Models (Details)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (Details)
Valuation And Qualifying Accounts (Tables)
Ticker: EXPE
CIK: 1324424
Form Type: 10-K Annual Report
Accession Number: 0001324424-21-000015
Submitted to the SEC: Thu Feb 11 2021 5:40:07 PM EST
Accepted by the SEC: Fri Feb 12 2021
Period: Thursday, December 31, 2020
Industry: Transportation Services

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