Obtain Priceline.com's 2016 10-K (filed February 27, 2017) either through the ''Investor Relations'' portion of its website (do a web search for Priceline investor relations), or go to www.sec.gov and click ''Company Filings Search'' under ''Filings.''
Required:
1. What is the par value of the common stock and how many shares of common stock are authorized, issued, and outstanding at December 31, 2016?
2. What is Priceline.com's dividend policy? Why do you think they have this policy?
3. What is the common stockholders' equity at December 31, 2016 (in thousands)?
4. How many shares of treasury stock were held at the end of 2016? What did they cost?
5. Calculate the dividend and stock repurchase payouts.
6. Taking the weighted average number of basic common shares outstanding from the EPS information at the bottom of the income statement, calculate the stockholder profitability ratios.