Expedia, Inc. (EXPE) swung to a net profit for the quarter ended Dec. 31, 2016. The company has made a net profit of $79.46 million, or $ 0.51 a share in the quarter, against a net loss of $12.54 million, or $0.09 a share in the last year period. On the other hand, adjusted net income for the quarter stood at $182.93 million, or $1.17 a share compared with $106.66 million or $0.77 a share, a year ago. Revenue during the quarter grew 23.21 percent to $2,092.83 million from $1,698.57 million in the previous year period. Gross margin for the quarter expanded 221 basis points over the previous year period to 82.28 percent. Total expenses were 92.97 percent of quarterly revenues, down from 98.26 percent for the same period last year. This has led to an improvement of 530 basis points in operating margin to 7.03 percent.
Operating income for the quarter was $147.19 million, compared with $29.48 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $441.54 million compared with $279.94 million in the prior year period. At the same time, adjusted EBITDA margin improved 462 basis points in the quarter to 21.10 percent from 16.48 percent in the last year period.
Operating cash flow improvesExpedia, Inc. has generated cash of $1,564.33 million from operating activities during the year, up 14.35 percent or $196.29 million, when compared with the last year. The company has spent $718.32 million cash to meet investing activities during the year as against cash outgo of $2,371.26 million in the last year.
The company has spent $690.62 million cash to carry out financing activities during the year as against cash inflow of $1,404.20 million in the last year period.
Cash and cash equivalents stood at $1,796.81 million as on Dec. 31, 2016, up 7.19 percent or $120.51 million from $1,676.30 million on Dec. 31, 2015.
Debt remains almost stable
Expedia, Inc. has recorded a decline in total debt over the last one year. It stood at $3,159.34 million as on Dec. 31, 2016, down 0.75 percent or $23.80 million from $3,183.14 million on Dec. 31, 2015. Expedia has recorded a decline in long-term debt over the last one year. Total debt was 20.02 percent of total assets as on Dec. 31, 2016, compared with 20.53 percent on Dec. 31, 2015. Debt to equity ratio was at 0.55 as on Dec. 31, 2016, down from 0.65 as on Dec. 31, 2015. Interest coverage ratio improved to 3.43 for the quarter from 0.81 for the same period last year. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
