$LTRPA
Liberty TripAdvisor Holdings, Inc.

2021 Q1 Form 10-Q Financial Statement

#000155837021006470 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $123.0M $278.0M
YoY Change -55.76% -26.06%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $115.0M $182.0M
YoY Change -36.81% -18.75%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.00M $43.00M
YoY Change -11.63% 2.38%
% of Gross Profit
Operating Expenses $115.0M $182.0M
YoY Change -36.81% -18.75%
Operating Profit -$97.00M -$44.00M
YoY Change 120.45% -375.0%
Interest Expense $11.00M $7.000M
YoY Change 57.14% 40.0%
% of Operating Profit
Other Income/Expense, Net -$78.00M -$8.000M
YoY Change 875.0% -260.0%
Pretax Income -$175.0M -$52.00M
YoY Change 236.54% -425.0%
Income Tax -$17.00M -$14.00M
% Of Pretax Income
Net Earnings -$90.00M -$19.00M
YoY Change 373.68% 850.0%
Net Earnings / Revenue -73.17% -6.83%
Basic Earnings Per Share -$6.13 -$0.33
Diluted Earnings Per Share -$6.13 -$0.33
COMMON SHARES
Basic Shares Outstanding 75.00M 75.00M
Diluted Shares Outstanding 77.00M 75.00M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $720.0M $812.0M
YoY Change -11.33% 3.18%
Cash & Equivalents $720.0M $812.0M
Short-Term Investments
Other Short-Term Assets $25.00M $56.00M
YoY Change -55.36% 24.44%
Inventory
Prepaid Expenses
Receivables $73.00M $154.0M
Other Receivables $50.00M $0.00
Total Short-Term Assets $892.0M $1.027B
YoY Change -13.15% -6.64%
LONG-TERM ASSETS
Property, Plant & Equipment $126.0M $149.0M
YoY Change -15.44% -8.02%
Goodwill $2.230B $2.500B
YoY Change -10.8%
Intangibles $731.0M $974.0M
YoY Change -24.95%
Long-Term Investments
YoY Change
Other Assets $197.0M $226.0M
YoY Change -12.83% 18.32%
Total Long-Term Assets $3.466B $4.120B
YoY Change -15.87% -5.37%
TOTAL ASSETS
Total Short-Term Assets $892.0M $1.027B
Total Long-Term Assets $3.466B $4.120B
Total Assets $4.358B $5.147B
YoY Change -15.33% -5.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.00M $105.0M
YoY Change -20.0% -61.68%
Accrued Expenses $186.0M $151.0M
YoY Change 23.18% 4.14%
Deferred Revenue $38.00M $60.00M
YoY Change -36.67%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $308.0M $316.0M
YoY Change -2.53% -58.09%
LONG-TERM LIABILITIES
Long-Term Debt $1.173B $740.0M
YoY Change 58.51% 111.43%
Other Long-Term Liabilities $337.0M $373.0M
YoY Change -9.65% 11.01%
Total Long-Term Liabilities $1.510B $1.113B
YoY Change 35.67% 231.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $308.0M $316.0M
Total Long-Term Liabilities $1.510B $1.113B
Total Liabilities $2.503B $1.688B
YoY Change 48.28% -67.12%
SHAREHOLDERS EQUITY
Retained Earnings -$738.0M $85.00M
YoY Change -968.24% -36.57%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$469.0M $293.0M
YoY Change
Total Liabilities & Shareholders Equity $4.358B $5.147B
YoY Change -15.33% -5.63%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$90.00M -$19.00M
YoY Change 373.68% 850.0%
Depreciation, Depletion And Amortization $38.00M $43.00M
YoY Change -11.63% 2.38%
Cash From Operating Activities -$20.00M -$82.00M
YoY Change -75.61% -145.3%
INVESTING ACTIVITIES
Capital Expenditures -$10.00M -$20.00M
YoY Change -50.0% 17.65%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$10.00M -$20.00M
YoY Change -50.0% -52.38%
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 329.0M 574.0M
YoY Change -42.68% -2491.67%
NET CHANGE
Cash From Operating Activities -20.00M -82.00M
Cash From Investing Activities -10.00M -20.00M
Cash From Financing Activities 329.0M 574.0M
Net Change In Cash 297.0M 471.0M
YoY Change -36.94% 309.57%
FREE CASH FLOW
Cash From Operating Activities -$20.00M -$82.00M
Capital Expenditures -$10.00M -$20.00M
Free Cash Flow -$10.00M -$62.00M
YoY Change -83.87% -131.31%

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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
471000000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
423000000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
341000000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
720000000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
812000000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2307000000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-158000000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8000000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
34000000
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
23000000
CY2021Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
7000000
CY2021Q1 ltrpa Preferred Stock Adjustments
PreferredStockAdjustments
-370000000
CY2021Q1 ltrpa Adjustments To Additional Paid Capital Purchase Of Capped Calls
AdjustmentsToAdditionalPaidCapitalPurchaseOfCappedCalls
26000000
CY2021Q1 ltrpa Noncontrolling Interest Increase From Preferred Stock Repurchased With Subsidiary Shares
NoncontrollingInterestIncreaseFromPreferredStockRepurchasedWithSubsidiaryShares
92000000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1855000000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3301000000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-38000000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-27000000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
33000000
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
14000000
CY2020Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
115000000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
-9000000
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3131000000
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
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27000000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-90000000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-19000000
CY2021Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
370000000
CY2020Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
6000000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-460000000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25000000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75000000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75000000
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77000000
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75000000
CY2021Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-65000000
CY2020Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
2000000
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
14000000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9000000
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
1173000000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
532000000
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1173000000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
532000000
CY2021Q1 ltrpa Common Stock Shares Covered Under Capped Call Transactions
CommonStockSharesCoveredUnderCappedCallTransactions
4700000
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
CY2021Q1 ltrpa Call Right Reference Stock Vwp Calculation Business Days
CallRightReferenceStockVWPCalculationBusinessDays
2
CY2021Q1 ltrpa Redeemable Preferred Stock Restriction On Transfer Threshold Percentage Of Shares To Remain Outstanding After Transfer
RedeemablePreferredStockRestrictionOnTransferThresholdPercentageOfSharesToRemainOutstandingAfterTransfer
0.49
CY2021Q1 ltrpa Redeemable Preferred Stock Restriction On Transfer Maximum Number Of Holders
RedeemablePreferredStockRestrictionOnTransferMaximumNumberOfHolders
6
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
123000000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
278000000
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
73000000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
70000000
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
24000000
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
13000000
CY2021Q1 ltrpa Accounts Receivable And Contract Assets Net Current
AccountsReceivableAndContractAssetsNetCurrent
97000000
CY2020Q4 ltrpa Accounts Receivable And Contract Assets Net Current
AccountsReceivableAndContractAssetsNetCurrent
83000000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
28000000
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
11000000
CY2021Q1 ltrpa Contract With Customer Liability Amount Refunded Due To Cancellation
ContractWithCustomerLiabilityAmountRefundedDueToCancellation
2000000
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
CY2021Q1 ltrpa Adjusted Oibda
AdjustedOibda
-29000000
CY2020Q1 ltrpa Adjusted Oibda
AdjustedOibda
35000000
CY2021Q1 ltrpa Adjusted Oibda
AdjustedOibda
-29000000
CY2020Q1 ltrpa Adjusted Oibda
AdjustedOibda
35000000
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000000
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27000000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
38000000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
43000000
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
9000000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-97000000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-44000000
CY2021Q1 us-gaap Interest Expense
InterestExpense
11000000
CY2020Q1 us-gaap Interest Expense
InterestExpense
7000000
CY2021Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
-65000000
CY2020Q1 ltrpa Realized And Unrealized Gains Losses On Financial Instruments
RealizedAndUnrealizedGainsLossesOnFinancialInstruments
2000000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000000
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-175000000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-52000000

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