Cover and table of contents

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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________________________

Form 10-K

☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2019

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 001-37429

_______________________________________________

EXPEDIA GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware20-2705720
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

1111 Expedia Group Way W

Seattle**,** WA 98119

(Address of principal executive office) (Zip Code)

Registrant’s telephone number, including area code:

(206) 481-7200

_______________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading symbol(s)Name of each exchange on which registered
Common stock, $0.0001 par valueEXPEThe Nasdaq Global Select Market
Expedia Group, Inc. 2.500% Senior Notes due 2022EXPE22New York Stock Exchange

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes þ No ¨

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ¨ No þ

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer☑Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

As of June 30, 2019, the aggregate market value of the registrant’s common equity held by non-affiliates was approximately $15,872,910,000. For the purpose of the foregoing calculation only, all directors and executive officers of the registrant are assumed to be affiliates of the registrant.

ClassOutstanding Shares at January 31, 2020 were approximately,
Common stock, $0.0001 par value per share134,465,673shares
Class B common stock, $0.0001 par value per share5,523,452shares

Documents Incorporated by Reference

DocumentParts Into Which Incorporated
Portions of the definitive Proxy Statement for the 2020 Annual Meeting of Stockholders (Proxy Statement)Part III

Expedia Group, Inc.

Form 10-K

For the Year Ended December 31, 2019

Contents

Part I
Item 1Business1
Item 1ARisk Factors9
Item 1BUnresolved Staff Comments27
Item 2Properties27
Item 3Legal Proceedings27
Item 4Mine Safety Disclosures33
Part II
Item 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities33
Item 6Selected Financial Data36
Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations36
Item 7AQuantitative and Qualitative Disclosures About Market Risk54
Item 8Consolidated Financial Statements and Supplementary Data56
Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure56
Item 9AControls and Procedures56
Item 9BOther Information58
Part III
Item 10Directors, Executive Officers and Corporate Governance58
Item 11Executive Compensation58
Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters58
Item 13Certain Relationships and Related Transactions, and Director Independence58
Item 14Principal Accountant Fees and Services58
Part IV
Item 15Exhibits, Consolidated Financial Statements and Financial Statement Schedules58
Item 16Form 10-K Summary65
Signatures66

Expedia Group, Inc.

Form 10-K

For the Year Ended December 31, 2019

Next: Item 1. Business