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Expedia Group, Inc. 8-K Report, Financial Results (Apr 26, 2018)

Reports
Earnings & Results·Other Events·Exhibits & Filings
Filing Date
Filed April 26, 2018
Period End
April 26, 2018
Security
EXPE
In the record · 2016–202610-K1510-Q338-K144

EXPE filed 15 annual reports (10-K), 33 quarterly reports (10-Q) and 144 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Oct ’16Oct ’16
  2. Material agreement8-K · Apr ’20Apr ’20
  3. Leadership change8-K · Jun ’22Jun ’22
  4. Leadership change8-K · Apr ’26Apr ’26

01—Abstract

Summary

Summary of the 8-K filed April 26, 2018. Cited figures are marked; the original filing is the authoritative source.

Expedia Group, Inc. (EXPE) filed an 8-K on April 26, 2018, to report its financial results for the quarter ended March 31, 2018, and to announce capital allocation initiatives.

The earnings release, furnished as an exhibit, details the company's performance, with a specific note that non-GAAP financial measures are being used, and a reconciliation to GAAP measures is provided. Investors should pay close attention to both reported results and the adjustments made in the non-GAAP figures.

Beyond the quarterly results, Expedia announced significant actions for shareholders: a quarterly cash dividend of $0.30a per share and authorization for an additional share repurchase program of up to 15 million shares. These capital return strategies signal management's confidence in the company's financial health and commitment to enhancing shareholder value.

02—Key points

Key Highlights

  1. Expedia Group announced its financial results for the first quarter ended March 31, 2018.
  2. The company utilized non-GAAP financial measures in its earnings release, with a reconciliation to GAAP provided.
  3. A quarterly cash dividend of $0.30 per share was declared, payable on June 14, 2018.
  4. Shareholders of record as of May 24, 2018, will receive the dividend.
  5. Expedia authorized an additional share repurchase program for up to 15 million shares of common stock.
  6. The 8-K filing includes the earnings release dated April 26, 2018, as an exhibit.

03—Questions

Frequently Asked Questions

  1. What is the significance of the non-GAAP financial measures mentioned in the filing?

    Non-GAAP measures exclude certain items that management believes are not indicative of the company's ongoing operational performance. While these measures can provide a clearer view of underlying trends, investors should always review the accompanying reconciliation to understand the differences between GAAP and non-GAAP figures and assess their impact on the reported results.

  2. What are the key capital allocation actions announced by Expedia?

    Expedia announced two key capital allocation actions: a quarterly cash dividend of $0.30 per share and the authorization to repurchase up to an additional 15 million shares of its common stock. These actions demonstrate a commitment to returning capital to shareholders.

  3. When will the declared dividend be paid and to whom?

    The quarterly cash dividend of $0.30 per share is payable on June 14, 2018, to stockholders of record as of the close of business on May 24, 2018.

  4. What is the purpose of the share repurchase authorization?

    The authorization for the repurchase of up to 15 million shares of common stock provides the company with the flexibility to reduce the number of outstanding shares, which can potentially increase earnings per share and signal management's belief that the stock is undervalued.

04—Continue

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