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On their wikipedia page, it states this: Total Assets: US$17.42 billion (2015) I wonder if Priceline group companies act as middlemen then how come the assets t
by gordon_freeman 9y ago
On their wikipedia page, it states this:
Total Assets: US$17.42 billion (2015)
I wonder if Priceline group companies act as middlemen then how come the assets they own total to almost $18 billion? Someone can please explain.
https://en.wikipedia.org/wiki/The_Priceline_Group https://en.wikipedia.org/wiki/The_Priceline_Group
- gph 9y agoCash is an asset. Undoubtedly they own offices/real estate in multiple locations. The corporate entity might even own some of it's own shares. There's probably a lot of mundane things that count as assets, I'm sure if you're super curious you could go lookup their assets on some SEC filing somewhere.
- Naga 9y agoAs per their most recent (unaudited) financial statements released May 9, 2017, they had almost $22 billion in assets. The large majority of them ($13 billion) are investments, $2.4 billion in cash and a paltry $400,000 in property plant and equipment. So from this perspective, they are really an investment company that happens to let you compare prices for things. However, financial statements don't consider data as something of value, or brand names (unless they are purchased), so the company might be "worth" much more than this. http://ir.pricelinegroup.com/financials.cfm http://ir.pricelinegroup.com/financials.cfm
- twic 9y agoWhat are the investments? Does that mean the various companies in the group, or some kind of outside investments?