Summary
This 8-K filing by priceline.com Incorporated (now Booking Holdings Inc.) on December 10, 2012, primarily informs investors about the adoption of new accounting guidance related to the presentation of comprehensive income, effective January 1, 2012. The company will now present comprehensive income in two consecutive statements: one for net income and another for other comprehensive income. While this change alters the presentation format, it does not impact the underlying components of net income or other comprehensive income, their timing of recognition, or the calculation of earnings per share. The filing also includes Exhibit 99.1, which provides the company's Unaudited Consolidated Statements of Comprehensive Income for the fiscal years ending December 31, 2011, 2010, and 2009, allowing investors to review historical performance under the new reporting structure.
Key Highlights
- 1Priceline.com Incorporated adopted new accounting guidance for the presentation of comprehensive income effective January 1, 2012.
- 2The company will now report comprehensive income using two separate statements: Net Income and Other Comprehensive Income.
- 3This change is a presentation update and does not alter the definition or components of net income or other comprehensive income.
- 4The guidance does not affect the timing of reclassification of other comprehensive income items to net income.
- 5Earnings per share calculations remain unaffected by this new accounting standard.
- 6The filing includes historical Unaudited Consolidated Statements of Comprehensive Income for the years ended December 31, 2011, 2010, and 2009.
- 7The event date reported is December 9, 2012, with the filing date being December 9, 2012.