TRIP FY 2015 Earnings Report — Tripadvisor, Inc. Revenue & Financial Results | Market Cap Arena

Tripadvisor, Inc.TRIP

FY 2015 Earnings

Reported February 18, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.2B	—	19.7%
Op. Income	$232M	—	$340M	—	-31.8%
Gross Margin	96.1%	—	96.8%	—	-0.7pp
Net Margin	13.3%	—	18.1%	—	-4.9pp
EPS (Diluted)	$1.36	—	$1.55	—	-12.3%
Free Cash Flow	$273M	—	$306M	—	-10.8%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$58M
GROSS PROFIT	$1.4B
R&D Expenses	$207M
Selling & Marketing	$692M
General & Administrative	$417M
SG&A Expenses	$1.1B
Other Expenses	$7M
Operating Expenses	$1.2B
Cost & Expenses	$1.3B
OPERATING INCOME	$232M
Interest Income	$17M
Interest Expense	$10M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$239M
Income Tax Expense	$41M
Net Income from Continuing Ops	$198M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$198M
D&A	$93M
EBIT	$249M
EBITDA	$342M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$58M
GROSS PROFIT	$1.4B
R&D Expenses	$207M
Selling & Marketing	$692M
General & Administrative	$417M
SG&A Expenses	$1.1B
Other Expenses	$7M
Operating Expenses	$1.2B
Cost & Expenses	$1.3B
OPERATING INCOME	$232M
Interest Income	$17M
Interest Expense	$10M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$239M
Income Tax Expense	$41M
Net Income from Continuing Ops	$198M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$198M
D&A	$93M
EBIT	$249M
EBITDA	$342M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$198M
Depreciation & Amortization	$93M
Stock-Based Compensation	$72M
Deferred Income Tax	-$37M
Other Non-Cash Items	$20M
Change in Working Capital	$36M
OPERATING CASH FLOW	$382M
Capital Expenditure	-$109M
Acquisitions (Net)	-$4M
Purchases of Investments	-$205M
Sales/Maturities of Investments	$258M
Other Investing Activities	$80M
NET CASH FROM INVESTING	-$60M
Net Debt Issuance	-$140M
Common Stock Repurchased	-$73M
Common Dividends Paid	$0
Other Financing Activities	-$25M
NET CASH FROM FINANCING	-$153M
FREE CASH FLOW	$273M
Net Change in Cash	$159M

Balance Sheet

Item	Amount
Cash & Equivalents	$614M
Short-Term Investments	$47M
Net Receivables	$180M
Inventory	$0
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$865M
PP&E (Net)	$247M
Goodwill	$732M
Intangible Assets	$176M
Long-Term Investments	$37M
Tax Assets	$15M
Other Non-Current Assets	$56M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.1B
Account Payables	$10M
Short-Term Debt	$1M
Deferred Revenue	$64M
Other Current Liabilities	$190M
TOTAL CURRENT LIABILITIES	$312M
Long-Term Debt	$200M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$105M
TOTAL NON-CURRENT LIABILITIES	$404M
TOTAL LIABILITIES	$716M
Common Stock	$0
Additional Paid-In Capital	$741M
Retained Earnings	$826M
Treasury Stock	-$92M
Accum. Other Comp. Income	-$63M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$201M
Net Debt	-$413M