TCOM FY 2011 Earnings Report — Trip.com Group Limited Revenue & Financial Results | Market Cap Arena

Trip.com Group LimitedTCOM

FY 2011 Earnings

Reported March 30, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$511M	—	$421M	—	21.4%
Op. Income	$156M	—	$154M	—	1.1%
Gross Margin	77.0%	—	78.3%	—	-1.3pp
Net Margin	30.8%	—	36.4%	—	-5.6pp
EPS (Diluted)	$0.52	—	$0.51	—	1.4%
Free Cash Flow	$238M	—	$202M	—	18.0%

Revenue Flow

Item	Amount
REVENUE	$511M
Cost of Revenue	$118M
GROSS PROFIT	$393M
R&D Expenses	$88M
Selling & Marketing	$91M
General & Administrative	$59M
SG&A Expenses	$150M
Other Expenses	$0
Operating Expenses	$237M
Cost & Expenses	$355M
OPERATING INCOME	$156M
Interest Income	$15M
Interest Expense	$0
Other Income/Expenses	$33M
INCOME BEFORE TAX	$188M
Income Tax Expense	$38M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$13M
EBIT	$188M
EBITDA	$138M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$511M
Cost of Revenue	$118M
GROSS PROFIT	$393M
R&D Expenses	$88M
Selling & Marketing	$91M
General & Administrative	$59M
SG&A Expenses	$150M
Other Expenses	$0
Operating Expenses	$237M
Cost & Expenses	$355M
OPERATING INCOME	$156M
Interest Income	$15M
Interest Expense	$0
Other Income/Expenses	$33M
INCOME BEFORE TAX	$188M
Income Tax Expense	$38M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$13M
EBIT	$188M
EBITDA	$138M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$158M
Depreciation & Amortization	$13M
Stock-Based Compensation	$50M
Deferred Income Tax	-$494.6K
Other Non-Cash Items	-$8M
Change in Working Capital	$57M
OPERATING CASH FLOW	$270M
Capital Expenditure	-$32M
Acquisitions (Net)	-$4M
Purchases of Investments	-$15M
Sales/Maturities of Investments	-$2M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$50M
Net Debt Issuance	$0
Common Stock Repurchased	-$23M
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$17M
FREE CASH FLOW	$238M
Net Change in Cash	$197M

Balance Sheet

Item	Amount
Cash & Equivalents	$511M
Short-Term Investments	$188M
Net Receivables	$118M
Inventory	$0
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$934M
PP&E (Net)	$100M
Goodwill	$117M
Intangible Assets	$61M
Long-Term Investments	$190M
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$491M
TOTAL ASSETS	$1.4B
Account Payables	$111M
Short-Term Debt	$0
Deferred Revenue	$159M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$375M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$7M
TOTAL LIABILITIES	$382M
Common Stock	$429.0K
Additional Paid-In Capital	$506M
Retained Earnings	$556M
Treasury Stock	-$23M
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$15M
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$0
Net Debt	-$511M