$LTRPA
Liberty TripAdvisor Holdings, Inc.

2020 Q1 Form 10-Q Financial Statement

#000155837020006019 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $278.0M $376.0M
YoY Change -26.06% -0.53%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $182.0M $224.0M
YoY Change -18.75% -12.16%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.00M $42.00M
YoY Change 2.38% 7.69%
% of Gross Profit
Operating Expenses $182.0M $224.0M
YoY Change -18.75% -39.3%
Operating Profit -$44.00M $16.00M
YoY Change -375.0% 77.78%
Interest Expense $7.000M $5.000M
YoY Change 40.0% -117.24%
% of Operating Profit 31.25%
Other Income/Expense, Net -$8.000M $5.000M
YoY Change -260.0% 400.0%
Pretax Income -$52.00M $16.00M
YoY Change -425.0% -184.21%
Income Tax -$14.00M $5.000M
% Of Pretax Income 31.25%
Net Earnings -$19.00M -$2.000M
YoY Change 850.0% -93.55%
Net Earnings / Revenue -6.83% -0.53%
Basic Earnings Per Share -$0.33 -$0.03
Diluted Earnings Per Share -$0.33 -$0.03
COMMON SHARES
Basic Shares Outstanding 75.00M 75.00M
Diluted Shares Outstanding 75.00M 75.00M

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $812.0M $787.0M
YoY Change 3.18% 19.97%
Cash & Equivalents $812.0M $787.0M
Short-Term Investments
Other Short-Term Assets $56.00M $45.00M
YoY Change 24.44% -33.82%
Inventory
Prepaid Expenses
Receivables $154.0M $236.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.027B $1.100B
YoY Change -6.64% 9.45%
LONG-TERM ASSETS
Property, Plant & Equipment $149.0M $162.0M
YoY Change -8.02% 0.0%
Goodwill $2.500B
YoY Change
Intangibles $974.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $226.0M $191.0M
YoY Change 18.32% 45.8%
Total Long-Term Assets $4.120B $4.354B
YoY Change -5.37% -0.75%
TOTAL ASSETS
Total Short-Term Assets $1.027B $1.100B
Total Long-Term Assets $4.120B $4.354B
Total Assets $5.147B $5.454B
YoY Change -5.63% 1.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.0M $274.0M
YoY Change -61.68% -0.72%
Accrued Expenses $151.0M $145.0M
YoY Change 4.14% 0.0%
Deferred Revenue $60.00M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $227.0M
YoY Change 3142.86%
Total Short-Term Liabilities $316.0M $754.0M
YoY Change -58.09% 40.93%
LONG-TERM LIABILITIES
Long-Term Debt $740.0M $350.0M
YoY Change 111.43% -26.62%
Other Long-Term Liabilities $373.0M $336.0M
YoY Change 11.01% 12.37%
Total Long-Term Liabilities $1.113B $336.0M
YoY Change 231.25% -56.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $316.0M $754.0M
Total Long-Term Liabilities $1.113B $336.0M
Total Liabilities $1.688B $5.134B
YoY Change -67.12% 2.58%
SHAREHOLDERS EQUITY
Retained Earnings $85.00M $134.0M
YoY Change -36.57%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $293.0M $320.0M
YoY Change
Total Liabilities & Shareholders Equity $5.147B $5.454B
YoY Change -5.63% 1.15%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$19.00M -$2.000M
YoY Change 850.0% -93.55%
Depreciation, Depletion And Amortization $43.00M $42.00M
YoY Change 2.38% 7.69%
Cash From Operating Activities -$82.00M $181.0M
YoY Change -145.3% 4.62%
INVESTING ACTIVITIES
Capital Expenditures -$20.00M -$17.00M
YoY Change 17.65% 13.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$25.00M
YoY Change -100.0% -158.14%
Cash From Investing Activities -$20.00M -$42.00M
YoY Change -52.38% -250.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $115.0M
YoY Change
Debt Paid & Issued, Net $352.0M
YoY Change
Cash From Financing Activities 574.0M -24.00M
YoY Change -2491.67% -90.24%
NET CHANGE
Cash From Operating Activities -82.00M 181.0M
Cash From Investing Activities -20.00M -42.00M
Cash From Financing Activities 574.0M -24.00M
Net Change In Cash 471.0M 115.0M
YoY Change 309.57% -355.56%
FREE CASH FLOW
Cash From Operating Activities -$82.00M $181.0M
Capital Expenditures -$20.00M -$17.00M
Free Cash Flow -$62.00M $198.0M
YoY Change -131.31% 5.32%

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
33000000
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
23000000
CY2019Q1 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
3000000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
2000000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3763000000
CY2020Q1 us-gaap Goodwill
Goodwill
2500000000
CY2020Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
325000
CY2020Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.08
CY2020Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1000
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2000000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27000000
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-19000000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-2000000
CY2020Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
6000000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25000000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2000000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75000000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75000000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75000000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75000000
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
740000000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
353000000
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
740000000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
353000000
CY2020Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
325000
CY2020Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1000
CY2020Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
1000
CY2020Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0800
CY2020Q1 ltrpa Temporary Equity Redemption Period
TemporaryEquityRedemptionPeriod
P180D
CY2020Q1 ltrpa Temporary Equity Redemption Period
TemporaryEquityRedemptionPeriod
P180D
CY2020Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
3000000
CY2020Q1 ltrpa Temporary Equity Transaction Costs
TemporaryEquityTransactionCosts
3000000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
278000000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
376000000
CY2020Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
154000000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
176000000
CY2020Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
5000000
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
7000000
CY2020Q1 ltrpa Accounts Receivable And Contract With Customer Asset Net Current
AccountsReceivableAndContractWithCustomerAssetNetCurrent
159000000
CY2019Q4 ltrpa Accounts Receivable And Contract With Customer Asset Net Current
AccountsReceivableAndContractWithCustomerAssetNetCurrent
183000000
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
62000000
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
32000000
CY2020Q1 ltrpa Contract With Customer Liability Amount Refunded Due To Cancellation
ContractWithCustomerLiabilityAmountRefundedDueToCancellation
6000000
CY2019Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
63000000
CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
34000000
CY2019Q1 ltrpa Contract With Customer Liability Amount Refunded Due To Cancellation
ContractWithCustomerLiabilityAmountRefundedDueToCancellation
1000000
CY2020Q1 ltrpa Adjusted Oibda
AdjustedOibda
35000000
CY2019Q1 ltrpa Adjusted Oibda
AdjustedOibda
88000000
CY2020Q1 ltrpa Adjusted Oibda
AdjustedOibda
35000000
CY2019Q1 ltrpa Adjusted Oibda
AdjustedOibda
88000000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27000000
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
43000000
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
42000000
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
9000000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-44000000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
16000000
CY2020Q1 us-gaap Interest Expense
InterestExpense
7000000
CY2019Q1 us-gaap Interest Expense
InterestExpense
5000000
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000000
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5000000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-52000000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16000000

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