TCOM Q1 2023 Earnings Report — Trip.com Group Limited Revenue & Financial Results | Market Cap Arena

Trip.com Group LimitedTCOM

Q1 2023 Earnings

Reported March 31, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2023	Q4 2022	Q1 2022	QoQ Change	YoY Change
Revenue	$1.3B	—	$600M	—	123.9%
Op. Income	$327M	—	-$52M	—	724.2%
Gross Margin	82.2%	—	74.0%	—	8.2pp
Net Margin	36.7%	—	-24.1%	—	60.8pp
EPS (Diluted)	$0.73	—	$-0.18	—	504.8%
Free Cash Flow	$448M	—	$0	—	—

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$239M
GROSS PROFIT	$1.1B
R&D Expenses	$391M
Selling & Marketing	$256M
General & Administrative	$130M
SG&A Expenses	$387M
Other Expenses	$0
Operating Expenses	$777M
Cost & Expenses	$1.0B
OPERATING INCOME	$327M
Interest Income	$64M
Interest Expense	$71M
Other Income/Expenses	$215M
INCOME BEFORE TAX	$543M
Income Tax Expense	$50M
Net Income from Continuing Ops	$493M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$493M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$493M
D&A	$29M
EBIT	$327M
EBITDA	$357M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$239M
GROSS PROFIT	$1.1B
R&D Expenses	$391M
Selling & Marketing	$256M
General & Administrative	$130M
SG&A Expenses	$387M
Other Expenses	$0
Operating Expenses	$777M
Cost & Expenses	$1.0B
OPERATING INCOME	$327M
Interest Income	$64M
Interest Expense	$71M
Other Income/Expenses	$215M
INCOME BEFORE TAX	$543M
Income Tax Expense	$50M
Net Income from Continuing Ops	$493M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$493M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$493M
D&A	$29M
EBIT	$327M
EBITDA	$357M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$493M
Depreciation & Amortization	$44M
Stock-Based Compensation	$55M
Deferred Income Tax	-$13M
Other Non-Cash Items	-$217M
Change in Working Capital	$102M
OPERATING CASH FLOW	$464M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	-$806M
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$135M
NET CASH FROM INVESTING	$335M
Net Debt Issuance	$971M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$21M
NET CASH FROM FINANCING	$950M
FREE CASH FLOW	$448M
Net Change in Cash	$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.5B
Short-Term Investments	$2.5B
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$2.2B
TOTAL CURRENT ASSETS	$10.6B
PP&E (Net)	$862M
Goodwill	$8.7B
Intangible Assets	$1.9B
Long-Term Investments	$8.3B
Tax Assets	$206M
Other Non-Current Assets	$87M
TOTAL NON-CURRENT ASSETS	$20.0B
TOTAL ASSETS	$30.6B
Account Payables	$1.6B
Short-Term Debt	$5.7B
Deferred Revenue	$1.5B
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$10.9B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$509M
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$13.5B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$17.0B
TOTAL STOCKHOLDERS' EQUITY	$17.0B
Minority Interest	$108M
TOTAL EQUITY	$17.1B
TOTAL LIABILITIES & EQUITY	$30.6B
Total Debt	$7.8B
Net Debt	$3.3B