TRIP FY 2018 Earnings Report — Tripadvisor, Inc. Revenue & Financial Results | Market Cap Arena

Tripadvisor, Inc.TRIP

FY 2018 Earnings

Reported February 22, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.6B	—	3.8%
Op. Income	$183M	—	$124M	—	47.6%
Gross Margin	94.7%	—	95.4%	—	-0.7pp
Net Margin	7.0%	—	-1.2%	—	8.2pp
EPS (Diluted)	$0.81	—	$-0.14	—	678.6%
Free Cash Flow	$344M	—	$174M	—	97.7%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$86M
GROSS PROFIT	$1.5B
R&D Expenses	$275M
Selling & Marketing	$778M
General & Administrative	$452M
SG&A Expenses	$1.2B
Other Expenses	-$159M
Operating Expenses	$1.3B
Cost & Expenses	$1.4B
OPERATING INCOME	$183M
Interest Income	$7M
Interest Expense	$12M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$173M
Income Tax Expense	$60M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$116M
EBIT	$183M
EBITDA	$299M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$86M
GROSS PROFIT	$1.5B
R&D Expenses	$275M
Selling & Marketing	$778M
General & Administrative	$452M
SG&A Expenses	$1.2B
Other Expenses	-$159M
Operating Expenses	$1.3B
Cost & Expenses	$1.4B
OPERATING INCOME	$183M
Interest Income	$7M
Interest Expense	$12M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$173M
Income Tax Expense	$60M
Net Income from Continuing Ops	$113M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$116M
EBIT	$183M
EBITDA	$299M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$113M
Depreciation & Amortization	$116M
Stock-Based Compensation	$118M
Deferred Income Tax	$12M
Other Non-Cash Items	$328M
Change in Working Capital	$46M
OPERATING CASH FLOW	$405M
Capital Expenditure	-$61M
Acquisitions (Net)	-$24M
Purchases of Investments	-$16M
Sales/Maturities of Investments	$64M
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$49M
Net Debt Issuance	-$238M
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	-$26M
NET CASH FROM FINANCING	-$358M
FREE CASH FLOW	$344M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$655M
Short-Term Investments	$15M
Net Receivables	$212M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$915M
PP&E (Net)	$253M
Goodwill	$756M
Intangible Assets	$118M
Long-Term Investments	$12M
Tax Assets	$27M
Other Non-Current Assets	$86M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.2B
Account Payables	$15M
Short-Term Debt	$0
Deferred Revenue	$63M
Other Current Liabilities	$241M
TOTAL CURRENT LIABILITIES	$393M
Long-Term Debt	$0
Deferred Revenue NC	-$83M
Deferred Tax Liabilities	$21M
Other Non-Current Liabilities	$199M
TOTAL NON-CURRENT LIABILITIES	$303M
TOTAL LIABILITIES	$696M
Common Stock	$0
Additional Paid-In Capital	$1.0B
Retained Earnings	$1.0B
Treasury Stock	-$547M
Accum. Other Comp. Income	-$62M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$83M
Net Debt	-$572M