Summary
Expedia Group, Inc. (EXPE) filed an 8-K on July 26, 2018, primarily to report its financial results for the second quarter of 2018 and announce a quarterly cash dividend. The earnings release, furnished as Exhibit 99.1, provides details on the company's performance and utilizes non-GAAP financial measures, with reconciliations to GAAP provided. Investors should note the declaration of a quarterly cash dividend of $0.32 per share, payable in September 2018. This signals a commitment to returning capital to shareholders. The filing also directs attention to the earnings release for a comprehensive review of financial condition and operational results, including any non-GAAP metrics used.
Key Highlights
- 1Expedia Group announced its financial results for the quarter ended June 30, 2018.
- 2A quarterly cash dividend of $0.32 per share was declared.
- 3The dividend is payable on September 13, 2018, to stockholders of record as of August 23, 2018.
- 4The company's earnings release, attached as Exhibit 99.1, contains detailed financial information.
- 5Expedia Group is using non-GAAP financial measures in its reporting, with reconciliations to GAAP provided in the earnings release.
- 6The information furnished under Item 2.02 is not considered 'filed' for certain regulatory purposes but serves to inform investors of results.
Frequently Asked Questions
The most significant financial news is the announcement of Expedia Group's financial results for the second quarter of 2018, detailed in the accompanying earnings release (Exhibit 99.1). Additionally, the company declared a quarterly cash dividend of $0.32 per share, indicating a return of capital to shareholders.
The quarterly cash dividend of $0.32 per share is payable on September 13, 2018, to shareholders who were on record as of the close of business on August 23, 2018.
Yes, Expedia Group is making reference to non-GAAP financial measures in its earnings release and conference call. The earnings release (Exhibit 99.1) includes a reconciliation of these non-GAAP measures to the nearest comparable GAAP financial measures, providing transparency for investors.
According to General Instruction B.2. to Form 8-K, the information furnished under Item 2.02 (Results of Operations and Financial Condition) is not deemed 'filed' for purposes of Section 18 of the Exchange Act or otherwise subject to its liabilities, unless expressly incorporated by reference in another filing. It primarily serves to inform investors of the company's results.