01—Abstract
Summary
Summary of the 8-K filed February 11, 2021. Cited figures are marked; the original filing is the authoritative source.
Expedia Group, Inc. (EXPE) filed an 8-K on February 11, 2021, to report its financial results for the fourth quarter and full year ended December 31, 2020.
The filing primarily references an accompanying earnings release, which contains detailed financial information and is furnished as Exhibit 99.1. Investors should note that Expedia Group utilizes non-GAAP financial measures in its reporting, and a reconciliation to the nearest comparable GAAP measures is provided within the earnings release. This 8-K serves as an announcement of these results and does not typically involve new material events beyond the financial performance disclosed in the earnings release.
02—Key points
Key Highlights
- Expedia Group announced its Q4 and full-year 2020 financial results on February 11, 2021.
- The earnings release, furnished as Exhibit 99.1, provides the detailed financial performance data.
- The company will also hold a conference call to discuss these results.
- Expedia Group's reporting includes non-GAAP financial measures.
- A reconciliation between non-GAAP and GAAP financial measures is available in the earnings release.
- The information is being reported under Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits).
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to announce Expedia Group's financial results for the fourth quarter and full year ended December 31, 2020, and to furnish the accompanying earnings release which provides the detailed financial information.
Where can I find the detailed financial results?
The detailed financial results, including the company's performance metrics and any forward-looking statements, are located in the earnings release furnished as Exhibit 99.1 to this 8-K filing.
Does Expedia Group report using only GAAP financial measures?
No, Expedia Group references non-GAAP financial measures in its earnings release and conference call. The company provides a reconciliation of these non-GAAP measures to the nearest comparable GAAP financial measures within the earnings release itself.
What is the significance of 'furnished as Exhibit 99.1'?
When information is 'furnished' rather than 'filed,' it means the company is providing the information for informational purposes but it is generally not subject to the same liability under Section 18 of the Exchange Act as formally 'filed' information, unless specifically incorporated by reference into a registration statement or other filing.
04—Continue