2024 Q3 Form 10-Q Financial Statement

#000095017024122267 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $532.0M
YoY Change -0.19%
Cost Of Revenue $47.00M
YoY Change 9.3%
Gross Profit $485.0M
YoY Change -1.02%
Gross Profit Margin 91.17%
Selling, General & Admin $322.0M
YoY Change 0.31%
% of Gross Profit 66.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.00M
YoY Change 0.0%
% of Gross Profit 4.33%
Operating Expenses $322.0M
YoY Change 0.31%
Operating Profit $70.00M
YoY Change 9.38%
Interest Expense $0.00
YoY Change -100.0%
% of Operating Profit 0.0%
Other Income/Expense, Net -$4.000M
YoY Change
Pretax Income $66.00M
YoY Change 3.13%
Income Tax $27.00M
% Of Pretax Income 40.91%
Net Earnings $39.00M
YoY Change 44.44%
Net Earnings / Revenue 7.33%
Basic Earnings Per Share $0.28
Diluted Earnings Per Share $0.27
COMMON SHARES
Basic Shares Outstanding 138.9M
Diluted Shares Outstanding 144.2M

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.112B
YoY Change -1.07%
Cash & Equivalents $1.100B
Short-Term Investments
Other Short-Term Assets $62.00M
YoY Change 44.19%
Inventory
Prepaid Expenses
Receivables $243.0M
Other Receivables $46.00M
Total Short-Term Assets $1.463B
YoY Change 4.43%
LONG-TERM ASSETS
Property, Plant & Equipment $197.0M
YoY Change 2.07%
Goodwill $834.0M
YoY Change 2.08%
Intangibles $37.00M
YoY Change -17.78%
Long-Term Investments $31.00M
YoY Change -3.13%
Other Assets $43.00M
YoY Change -2.27%
Total Long-Term Assets $1.270B
YoY Change 2.83%
TOTAL ASSETS
Total Short-Term Assets $1.463B
Total Long-Term Assets $1.270B
Total Assets $2.733B
YoY Change 3.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.00M
YoY Change 7.14%
Accrued Expenses $251.0M
YoY Change 9.13%
Deferred Revenue $61.00M
YoY Change -4.69%
Short-Term Debt $5.000M
YoY Change
Long-Term Debt Due $12.00M
YoY Change 100.0%
Total Short-Term Liabilities $792.0M
YoY Change 10.15%
LONG-TERM LIABILITIES
Long-Term Debt $832.0M
YoY Change -0.83%
Other Long-Term Liabilities $105.0M
YoY Change -45.88%
Total Long-Term Liabilities $937.0M
YoY Change -9.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $792.0M
Total Long-Term Liabilities $937.0M
Total Liabilities $1.789B
YoY Change -1.32%
SHAREHOLDERS EQUITY
Retained Earnings $275.0M
YoY Change 15.06%
Common Stock $1.577B
YoY Change 7.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $847.0M
YoY Change 6.27%
Treasury Stock Shares
Shareholders Equity $944.0M
YoY Change
Total Liabilities & Shareholders Equity $2.733B
YoY Change 3.68%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $39.00M
YoY Change 44.44%
Depreciation, Depletion And Amortization $21.00M
YoY Change 0.0%
Cash From Operating Activities -$43.00M
YoY Change -407.14%
INVESTING ACTIVITIES
Capital Expenditures $20.00M
YoY Change 25.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$20.00M
YoY Change 25.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.00M
YoY Change 200.0%
NET CHANGE
Cash From Operating Activities -43.00M
Cash From Investing Activities -20.00M
Cash From Financing Activities -12.00M
Net Change In Cash -75.00M
YoY Change 1150.0%
FREE CASH FLOW
Cash From Operating Activities -$43.00M
Capital Expenditures $20.00M
Free Cash Flow -$63.00M
YoY Change 3050.0%

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20
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Tripadvisor offered more than 1 billion user-generated ratings and reviews on over 8 million experiences, accommodations, restaurants, airlines, and cruises.
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<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Accounting Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">We use estimates and assumptions in the preparation of our unaudited condensed consolidated financial statements in accordance with GAAP. Our estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of our unaudited condensed consolidated financial statements. These estimates and assumptions also affect the reported amount of net income or loss during any period. Our actual financial results could differ significantly from these estimates. The significant estimates underlying our unaudited condensed consolidated financial statements is accounting for income taxes. Refer to “Note 8: </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Income Taxes</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">” for information regarding our significant income tax estimates.</span></p>
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us-gaap Maturities Of Time Deposits Description
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90 days or less at the date of purchase, in each case, with
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us-gaap Derivative Instruments Not Designated As Hedging Instruments Purpose
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We generally use forward contracts to reduce the effects of foreign currency exchange rate fluctuations on our cash flows for the Euro versus the U.S. Dollar. For the three and nine months ended September 30, 2024 and 2023, our forward contracts were not designated as hedges and generally had maturities of less than 90 days.
CY2024Q3 trip Foreign Exchange Forward Contracts Maximum Maturity Period
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trip Foreign Exchange Forward Contracts Maximum Maturity Period
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trip Foreign Exchange Forward Contracts Maximum Maturity Period
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trip Outstanding Derivatives Not Designated As Hedging Instruments Maximum Maturity Period
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CY2023Q1 trip Additional Income Tax Expense As A Discrete Item Inclusive Of Interest
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