8-KEarnings & ResultsOther EventsExhibits & Filings

Expedia Group, Inc. 8-K Report, Financial Results (Feb 13, 2020)

Filed February 13, 2020For Securities:EXPE

Summary

Expedia Group, Inc. (EXPE) filed an 8-K on February 13, 2020, primarily to announce its financial results for the fourth quarter and full year ended December 31, 2019. The report references an accompanying earnings release (Exhibit 99.1) which details these results and includes non-GAAP financial measures. Investors should note that while this information is being furnished, it is not considered "filed" under the Exchange Act, meaning it doesn't carry the same legal liabilities as a fully filed report. The company also announced a quarterly cash dividend of $0.34 per share, payable on March 26, 2020, to shareholders of record as of March 10, 2020. The core of this filing for investors lies in the earnings release itself, which would contain the quantitative performance data for the period. The inclusion of non-GAAP measures signals the company's effort to provide a clearer view of operational performance, but investors should always review the provided reconciliations to understand the adjustments made from GAAP figures. The dividend declaration is a positive signal of returning capital to shareholders, though its impact is generally secondary to the operational and financial performance announcements.

Key Highlights

  • 1Expedia Group announced its Q4 and full-year 2019 financial results via an earnings release furnished with the 8-K.
  • 2The earnings release includes both GAAP and non-GAAP financial measures; reconciliations are provided.
  • 3The company declared a quarterly cash dividend of $0.34 per share.
  • 4The dividend payment date is March 26, 2020.
  • 5The record date for the dividend is March 10, 2020.
  • 6Information furnished under Item 2.02 is not considered 'filed' for SEC liability purposes, but is crucial for understanding performance.
  • 7A conference call was scheduled to discuss the financial results.

Frequently Asked Questions

This 8-K filing itself does not contain the specific financial figures. Instead, it directs investors to Exhibit 99.1, the earnings release dated February 13, 2020, which contains the detailed financial results for the fourth quarter and full year ended December 31, 2019.

Expedia Group is using non-GAAP financial measures to provide additional insights into its operational performance. These measures may exclude certain items that management believes are not indicative of the company's core business operations. Investors should consult the provided reconciliations in Exhibit 99.1 to understand how these non-GAAP measures differ from the standard GAAP measures.

Expedia Group announced a quarterly cash dividend of $0.34 per share of common stock. This dividend will be paid on March 26, 2020, to shareholders who are on record as of the close of business on March 10, 2020.

No, the financial results and earnings release furnished under Item 2.02 of this 8-K are specifically stated as not being 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. While this limits certain liabilities, the information remains important for investors to review.