TCOM FY 2023 Earnings Report — Trip.com Group Limited Revenue & Financial Results | Market Cap Arena

Trip.com Group LimitedTCOM

FY 2023 Earnings

Reported April 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$6.5B	—	—	—	—
Op. Income	$1.7B	—	—	—	—
Gross Margin	81.8%	—	—	—	—
Net Margin	22.3%	—	—	—	—
EPS (Diluted)	$2.16	—	—	—	—
Free Cash Flow	$3.1B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$5.3B
R&D Expenses	$1.8B
Selling & Marketing	$1.3B
General & Administrative	$547M
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$3.7B
Cost & Expenses	$4.8B
OPERATING INCOME	$1.7B
Interest Income	$305M
Interest Expense	$302M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$256M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$119M
EBIT	$1.7B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$5.3B
R&D Expenses	$1.8B
Selling & Marketing	$1.3B
General & Administrative	$547M
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$3.7B
Cost & Expenses	$4.8B
OPERATING INCOME	$1.7B
Interest Income	$305M
Interest Expense	$302M
Other Income/Expenses	$63M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$256M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$119M
EBIT	$1.7B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$154M
Stock-Based Compensation	$268M
Deferred Income Tax	-$111M
Other Non-Cash Items	$91M
Change in Working Capital	$1.4B
OPERATING CASH FLOW	$3.2B
Capital Expenditure	-$89M
Acquisitions (Net)	$0
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$2.4B
Other Investing Activities	-$135M
NET CASH FROM INVESTING	$865M
Net Debt Issuance	-$156M
Common Stock Repurchased	-$236M
Common Dividends Paid	$0
Other Financing Activities	$20M
NET CASH FROM FINANCING	-$372M
FREE CASH FLOW	$3.1B
Net Change in Cash	$3.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.1B
Short-Term Investments	$2.6B
Net Receivables	$2.8B
Inventory	$0
Other Current Assets	$489M
TOTAL CURRENT ASSETS	$13.0B
PP&E (Net)	$856M
Goodwill	$8.7B
Intangible Assets	$1.8B
Long-Term Investments	$7.2B
Tax Assets	$376M
Other Non-Current Assets	$89M
TOTAL NON-CURRENT ASSETS	$19.1B
TOTAL ASSETS	$32.0B
Account Payables	$2.4B
Short-Term Debt	$3.8B
Deferred Revenue	$2.0B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$10.6B
Long-Term Debt	$2.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$559M
Other Non-Current Liabilities	$47M
TOTAL NON-CURRENT LIABILITIES	$3.5B
TOTAL LIABILITIES	$14.0B
Common Stock	$876.7K
Additional Paid-In Capital	$14.2B
Retained Earnings	$4.2B
Treasury Stock	-$545M
Accum. Other Comp. Income	-$48M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$17.9B
Minority Interest	$120M
TOTAL EQUITY	$18.0B
TOTAL LIABILITIES & EQUITY	$32.0B
Total Debt	$6.7B
Net Debt	$582M