TRIP FY 2016 Earnings Report — Tripadvisor, Inc. Revenue & Financial Results | Market Cap Arena

Tripadvisor, Inc.TRIP

FY 2016 Earnings

Reported February 17, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.5B	—	-0.8%
Op. Income	$166M	—	$232M	—	-28.4%
Gross Margin	95.2%	—	96.1%	—	-0.9pp
Net Margin	8.1%	—	13.3%	—	-5.2pp
EPS (Diluted)	$0.82	—	$1.36	—	-39.7%
Free Cash Flow	$249M	—	$273M	—	-8.8%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$71M
GROSS PROFIT	$1.4B
R&D Expenses	$243M
Selling & Marketing	$756M
General & Administrative	$386M
SG&A Expenses	$1.1B
Other Expenses	-$15M
Operating Expenses	$1.2B
Cost & Expenses	$1.3B
OPERATING INCOME	$166M
Interest Income	$1M
Interest Expense	$12M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$151M
Income Tax Expense	$31M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$120M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$101M
EBIT	$166M
EBITDA	$267M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$71M
GROSS PROFIT	$1.4B
R&D Expenses	$243M
Selling & Marketing	$756M
General & Administrative	$386M
SG&A Expenses	$1.1B
Other Expenses	-$15M
Operating Expenses	$1.2B
Cost & Expenses	$1.3B
OPERATING INCOME	$166M
Interest Income	$1M
Interest Expense	$12M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$151M
Income Tax Expense	$31M
Net Income from Continuing Ops	$120M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$120M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$101M
EBIT	$166M
EBITDA	$267M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$120M
Depreciation & Amortization	$101M
Stock-Based Compensation	$85M
Deferred Income Tax	-$20M
Other Non-Cash Items	$10M
Change in Working Capital	$25M
OPERATING CASH FLOW	$321M
Capital Expenditure	-$72M
Acquisitions (Net)	-$43M
Purchases of Investments	-$166M
Sales/Maturities of Investments	$116M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$163M
Net Debt Issuance	-$30M
Common Stock Repurchased	-$105M
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$143M
FREE CASH FLOW	$249M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$612M
Short-Term Investments	$118M
Net Receivables	$189M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$950M
PP&E (Net)	$260M
Goodwill	$736M
Intangible Assets	$167M
Long-Term Investments	$16M
Tax Assets	$42M
Other Non-Current Assets	$67M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.2B
Account Payables	$14M
Short-Term Debt	$80M
Deferred Revenue	$64M
Other Current Liabilities	$212M
TOTAL CURRENT LIABILITIES	$423M
Long-Term Debt	$91M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$126M
TOTAL NON-CURRENT LIABILITIES	$313M
TOTAL LIABILITIES	$736M
Common Stock	$0
Additional Paid-In Capital	$831M
Retained Earnings	$945M
Treasury Stock	-$197M
Accum. Other Comp. Income	-$77M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$171M
Net Debt	-$441M