2013 Q4 Form 10-K Financial Statement

#000119312514045532 Filed on February 11, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 2012 Q4
Revenue $213.0M $945.0M $169.4M
YoY Change 25.74% 23.86% 22.93%
Cost Of Revenue $4.900M $18.00M $3.500M
YoY Change 40.0% 50.0% -41.67%
Gross Profit $208.1M $927.0M $166.0M
YoY Change 25.36% 23.44% 25.95%
Gross Profit Margin 97.7% 98.1% 98.0%
Selling, General & Admin $169.3M $466.0M $112.2M
YoY Change 50.89% 36.31% 28.08%
% of Gross Profit 81.36% 50.27% 67.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.00M $30.00M $7.100M
YoY Change 54.93% 50.26% -49.65%
% of Gross Profit 5.29% 3.24% 4.28%
Operating Expenses $180.2M $466.0M $119.2M
YoY Change 51.17% 36.31% 26.14%
Operating Profit $28.00M $294.0M $46.99M
YoY Change -40.42% -0.77% 25.98%
Interest Expense -$3.400M $10.00M -$5.900M
YoY Change -42.37% -12.13%
% of Operating Profit -12.14% 3.4% -12.56%
Other Income/Expense, Net $1.600M -$10.00M $2.500M
YoY Change -36.0% -30.17%
Pretax Income $26.00M $284.0M $43.30M
YoY Change -39.95% 113.53% 29.25%
Income Tax $6.200M $79.00M $9.200M
% Of Pretax Income 23.85% 27.82% 21.25%
Net Earnings $20.00M $205.0M $33.58M
YoY Change -40.44% 5.63% 52.63%
Net Earnings / Revenue 9.39% 21.69% 19.82%
Basic Earnings Per Share $0.14 $1.44 $0.24
Diluted Earnings Per Share $0.14 $1.41 $0.23
COMMON SHARES
Basic Shares Outstanding 142.9M
Diluted Shares Outstanding 145.3M

Balance Sheet

Concept 2013 Q4 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $519.8M $482.0M $486.5M
YoY Change 6.84% -0.92% 165.12%
Cash & Equivalents $351.0M $351.0M $367.0M
Short-Term Investments $168.8M $131.0M $119.0M
Other Short-Term Assets $35.00M $35.00M $16.40M
YoY Change 113.41% 113.41% 28.12%
Inventory
Prepaid Expenses
Receivables $113.0M $113.0M $81.46M
Other Receivables $0.00 $0.00 $24.30M
Total Short-Term Assets $630.0M $630.0M $632.5M
YoY Change -0.39% -0.4% 127.27%
LONG-TERM ASSETS
Property, Plant & Equipment $82.00M $82.00M $43.80M
YoY Change 87.21% 87.21% 25.87%
Goodwill $502.0M $472.0M
YoY Change 6.36% 1.09%
Intangibles $52.00M $38.19M
YoY Change 36.16%
Long-Term Investments $188.0M $188.0M $99.20M
YoY Change 89.52% 89.52%
Other Assets $19.00M $19.00M $13.27M
YoY Change 43.14% 37.68% 11.55%
Total Long-Term Assets $843.0M $843.0M $666.7M
YoY Change 26.44% 26.44% 19.57%
TOTAL ASSETS
Total Short-Term Assets $630.0M $630.0M $632.5M
Total Long-Term Assets $843.0M $843.0M $666.7M
Total Assets $1.473B $1.473B $1.299B
YoY Change 13.38% 13.38% 55.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00M $40.00M $12.80M
YoY Change -21.85% 183.69% 116.88%
Accrued Expenses $86.00M $86.00M $63.24M
YoY Change 36.0% 78.79% 69.53%
Deferred Revenue
YoY Change
Short-Term Debt $40.00M $28.00M $32.10M
YoY Change 24.61% -12.77% 20.22%
Long-Term Debt Due $40.00M $40.00M $40.00M
YoY Change 0.0% 0.0% 100.0%
Total Short-Term Liabilities $243.0M $243.0M $195.6M
YoY Change 24.21% 24.23% 54.66%
LONG-TERM LIABILITIES
Long-Term Debt $300.0M $300.0M $340.0M
YoY Change -11.76% -11.76% -10.53%
Other Long-Term Liabilities $52.00M $52.00M $25.56M
YoY Change 103.42% 103.13% 59.77%
Total Long-Term Liabilities $352.0M $352.0M $365.6M
YoY Change -3.71% -3.72% -7.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $243.0M $243.0M $195.6M
Total Long-Term Liabilities $352.0M $352.0M $365.6M
Total Liabilities $608.0M $608.0M $572.2M
YoY Change 6.25% 6.26% 5.52%
SHAREHOLDERS EQUITY
Retained Earnings $402.0M $196.4M
YoY Change 104.64%
Common Stock $608.0M $531.4M
YoY Change 14.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $145.0M
YoY Change
Treasury Stock Shares $2.121M 0.000 shares
Shareholders Equity $865.0M $865.0M $727.0M
YoY Change
Total Liabilities & Shareholders Equity $1.473B $1.473B $1.299B
YoY Change 13.38% 13.38% 55.42%

Cashflow Statement

Concept 2013 Q4 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $20.00M $205.0M $33.58M
YoY Change -40.44% 5.63% 52.63%
Depreciation, Depletion And Amortization $11.00M $30.00M $7.100M
YoY Change 54.93% 50.26% -49.65%
Cash From Operating Activities $70.70M $349.5M $71.10M
YoY Change -0.56% 46.2% -31.63%
INVESTING ACTIVITIES
Capital Expenditures -$15.70M $55.00M -$8.400M
YoY Change 86.9% 89.66% -22.94%
Acquisitions $35.00M
YoY Change 1066.67%
Other Investing Activities $36.10M -$350.0K -$222.0M
YoY Change -116.26% -47.46%
Cash From Investing Activities $20.50M -$196.8M -$230.4M
YoY Change -108.9% -19.41% -46.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $145.0M
YoY Change
Debt Paid & Issued, Net $40.00M
YoY Change 100.0%
Cash From Financing Activities -15.80M -169.7M -22.50M
YoY Change -29.78% -189.39% -105.59%
NET CHANGE
Cash From Operating Activities 70.70M 349.5M 71.10M
Cash From Investing Activities 20.50M -196.8M -230.4M
Cash From Financing Activities -15.80M -169.7M -22.50M
Net Change In Cash 75.40M -16.95M -181.8M
YoY Change -141.47% -109.17% -349.04%
FREE CASH FLOW
Cash From Operating Activities $70.70M $349.5M $71.10M
Capital Expenditures -$15.70M $55.00M -$8.400M
Free Cash Flow $86.40M $294.5M $79.50M
YoY Change 8.68% 40.2% -30.81%

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TripAdvisor, Inc.
CY2013 dei Entity Current Reporting Status
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Yes
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1525000
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0 Derivative
CY2011 trip Interest And Commitment Fees
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CY2013 dei Amendment Flag
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CY2013 dei Entity Filer Category
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CY2013 dei Document Type
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10-K
CY2013 dei Document Period End Date
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2013-12-31
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CY2013 dei Entity Well Known Seasoned Issuer
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CY2013 dei Document Fiscal Period Focus
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FY
CY2013 dei Entity Voluntary Filers
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1.41
CY2013 us-gaap Common Stock Dividends Per Share Declared
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0
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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145263000 shares
CY2013 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5078 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.44
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y10M24D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y22D
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
58.03
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2131000 shares
CY2013 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
278000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2013 us-gaap Number Of Businesses Acquired
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6 Business
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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349523000
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
23.81
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2825000 shares
CY2013 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2030-12-01
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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142854000 shares
CY2013 us-gaap Number Of Reportable Segments
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1 Segment
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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522000 shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y8M12D
CY2013 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.00225 pure
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1487000 shares
CY2013 us-gaap Concentration Risk Credit Risk
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Credit Risk and Concentrations</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments, which potentially subject us to concentration of credit risk, consist primarily of cash and cash equivalents, corporate debt securities, foreign exchange contracts, accounts receivable and customer concentrations. We maintain some cash and cash equivalents balances with financial institutions that are in excess of Federal Deposit Insurance Corporation insurance limits. Our cash and cash equivalents are primarily composed of prime institutional money market funds as well as bank account balances primarily denominated in U.S. dollars, Euros, British pound sterling, Chinese renminbi and Singapore dollars. We invest in highly-rated corporate debt securities, and our investment policy limits the amount of credit exposure to any one issuer, industry group and currency. Our credit risk related to corporate debt securities is also mitigated by the relatively short maturity period required by our investment policy. Foreign exchange contracts are transacted with various international financial institutions with high credit standing.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Our business is also subject to certain risks due to concentrations related to dependence on our relationships with our customers. We are highly dependent on our advertising and media relationship with Expedia, (see &#x201C;Note 15&#x2014;<i>Related Party Transactions</i>&#x201D;). For the years ended December&#xA0;31, 2013, 2012 and 2011 our two most significant advertising customers, Expedia and Priceline, accounted for a combined 47%, 48% and 49% of total revenue, respectively. As of December&#xA0;31, 2013 and 2012, there were no customers that accounted for 10% or more of our accounts receivable. Our overall credit risk related to accounts receivable is mitigated by the relatively short collection period.</font></p> </div>
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Reclassifications</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Certain reclassifications have been made to conform the prior period to the current presentation. These reclassifications had no net effect on our consolidated and combined financial statements and were not material.</font></p> </div>
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
38.09
CY2013 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P8Y
CY2013 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2120709 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2271000 shares
CY2013 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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0.5 pure
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Accounting Estimates</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">We use estimates and assumptions in the preparation of our consolidated and combined 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 consolidated and combined 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 consolidated and combined financial statements include recoverability of long-lived assets and investments, recoverability of intangible assets and goodwill; income taxes; useful lives of property and equipment; purchase accounting and stock-based compensation.</font></p> </div>
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-200000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3936000
CY2013 us-gaap Revenues
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944661000
CY2013 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
34800000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
12158000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
205987000
CY2013 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
432373000
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
205987000
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-350000
CY2013 us-gaap Income Taxes Paid Net
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49989000
CY2013 us-gaap Revenue From Related Parties
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217425000
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
34819000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
155250000
CY2013 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
14728000
CY2013 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
7877000
CY2013 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
145221000
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1536000
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
40000000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
129452000
CY2013 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
12227000
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
1738000
CY2013 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-9952000
CY2013 us-gaap Profit Loss
ProfitLoss
205443000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
12425000
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1691000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
294574000
CY2013 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
104800000
CY2013 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3655000
CY2013 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-210000
CY2013 us-gaap Interest Paid
InterestPaid
8291000
CY2013 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
727236000
CY2013 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
154000
CY2013 us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
CY2013 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13907000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
284702000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
548000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16184000
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9872000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
205443000
CY2013 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-4905000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
544000
CY2013 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-8099000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
51358000
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
18014000
CY2013 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
0
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
55455000
CY2013 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
2148000
CY2013 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
159000
CY2013 us-gaap Availableforsale Securities Gross Unrealized Gain Loss1
AvailableforsaleSecuritiesGrossUnrealizedGainLoss1
300000
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-4000
CY2013 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
150780000
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
CY2013 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2013 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
23404000
CY2013 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
23703000
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
29551000
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
650087000
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3640000
CY2013 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
130673000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
98121000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-169675000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1999000
CY2013 us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
CostOfServicesExcludingDepreciationDepletionAndAmortization
17714000
CY2013 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
6000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5473000
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
145221000
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
8796000
CY2013 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
30939000
CY2013 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
2900000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
48953000
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
1622000
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1485000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-16367000
CY2013 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
368353000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
8936000
CY2013 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
13907000
CY2013 us-gaap Interest Expense
InterestExpense
10074000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8339000
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5884000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
99646000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6366000
CY2013 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1600000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-196794000
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
253000
CY2013 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-873000
CY2013 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
4000
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10201000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
704000
CY2013 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
16767000
CY2013 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
779000
CY2013 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
9307000
CY2013 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
12425000
CY2013 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
16852000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
76000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5731000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
73786000
CY2013 trip Income Taxes Paid To Parent
IncomeTaxesPaidToParent
CY2013 trip Noncash Fair Value Increase For Redeemable Noncontrolling Interests
NoncashFairValueIncreaseForRedeemableNoncontrollingInterests
CY2013 trip Excluded Amortization
ExcludedAmortization
20551000
CY2013 trip Marketable Securities Long Term Minimum Maturity Period
MarketableSecuritiesLongTermMinimumMaturityPeriod
P1Y
CY2013 trip Conversion Ratio Classb To Common
ConversionRatioClassbToCommon
1 pure
CY2013 trip Other Other Nonoperating Income Expense
OtherOtherNonoperatingIncomeExpense
-1326000
CY2013 trip Cash And Cash Equivalents Maximum Maturity Period
CashAndCashEquivalentsMaximumMaturityPeriod
P90D
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
17066000
CY2013 us-gaap Depreciation
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29495000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48953000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1597000
CY2013 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
174723000
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-41487000
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
47784000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
236500000
CY2013 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
345000
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1202000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
79259000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
579000
CY2013 trip Related Party Shared Services Fee
RelatedPartySharedServicesFee
CY2013 trip Antidilutive Stock Warrants Excluded From Computation Of Earnings Per Share Amount
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shares
CY2013 trip Number Of Location Under Lease
NumberOfLocationUnderLease
30 Location
CY2013 trip Earnings Before Interest Taxes Depreciation Amortization
EarningsBeforeInterestTaxesDepreciationAmortization
378753000
CY2013 trip Distribution Receivable From Parent
DistributionReceivableFromParent
CY2013 trip Maturity Period Of Highly Liquid Investments Maximum
MaturityPeriodOfHighlyLiquidInvestmentsMaximum
P90D
CY2013 trip Collection Period For Account Receivable
CollectionPeriodForAccountReceivable
P30D
CY2013 trip Marketable Securities Long Term Maximum Maturity Period
MarketableSecuritiesLongTermMaximumMaturityPeriod
P3Y
CY2013 trip Antidilutive Stock Options Excluded From Computation Of Earnings Per Share Amount
AntidilutiveStockOptionsExcludedFromComputationOfEarningsPerShareAmount
2244000 shares
CY2013 trip Operating Income Before Amortization
OperatingIncomeBeforeAmortization
349258000
CY2013 trip Antidilutive Restricted Stock Units Excluded From Computation Of Earnings Per Share Amount
AntidilutiveRestrictedStockUnitsExcludedFromComputationOfEarningsPerShareAmount
27000 shares
CY2013 trip Performance Based Options Number Of Securities Called By Options
PerformanceBasedOptionsNumberOfSecuritiesCalledByOptions
155000 shares
CY2013 trip Cost Of Spin Off
CostOfSpinOff
CY2013 trip Maximum Weighted Average Maturity Of Aggregate Invested Cash
MaximumWeightedAverageMaturityOfAggregateInvestedCash
P12M
CY2013 trip Debt Instrument Alternate Base Rate
DebtInstrumentAlternateBaseRate
0.005 pure
CY2013 trip Expiration Date Of Conversion Stock Warrants
ExpirationDateOfConversionStockWarrants
2012-05-07
CY2013 trip Income Tax Paid To Taxing Authorities
IncomeTaxPaidToTaxingAuthorities
49989000
CY2013 trip Number Of Directors Elected By Common Stock Holders
NumberOfDirectorsElectedByCommonStockHolders
3 Directors
CY2013 trip Marketable Securities Short Term Minimum Maturity Period
MarketableSecuritiesShortTermMinimumMaturityPeriod
P90D
CY2013 trip Business Acquisition Purchase Price Maximum Allocation Adjustment Period
BusinessAcquisitionPurchasePriceMaximumAllocationAdjustmentPeriod
P12M
CY2013 trip Marketable Securities Short Term Maximum Maturity Period
MarketableSecuritiesShortTermMaximumMaturityPeriod
P12M
CY2013 trip Expected Loan Repayment Period
ExpectedLoanRepaymentPeriod
P3Y
CY2013 trip Realized Unrealized Gains Losses Derivatives
RealizedUnrealizedGainsLossesDerivatives
300000
CY2013 trip Sharebased Compensation Arrangement By Share Based Payment Award Exercised Not Converted Into Shares Due To Net Share Settlement
SharebasedCompensationArrangementByShareBasedPaymentAwardExercisedNotConvertedIntoSharesDueToNetShareSettlement
242767 shares
CY2013 trip Share Based Compensation Arrangement Modification Due To Spin Off
ShareBasedCompensationArrangementModificationDueToSpinOff
0
CY2013 trip Transfers To Predecessor Parent
TransfersToPredecessorParent
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0103 pure
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.37
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141341000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
511000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5346 pure
CY2013 trip Aggregate Intrinsic Value Of Stock Options Exercised
AggregateIntrinsicValueOfStockOptionsExercised
58200000
CY2013 trip Minimum Probability That Fair Value Of Reporting Unit Is Less Than Carrying Amount
MinimumProbabilityThatFairValueOfReportingUnitIsLessThanCarryingAmount
0.50 pure
CY2013 trip Interest And Commitment Fees
InterestAndCommitmentFees
7500000
CY2013 trip Maximum Final Maturity Period Of Marketable Securities
MaximumFinalMaturityPeriodOfMarketableSecurities
P3Y
CY2013 trip Share Based Compensation Arrangement By Share Based Payment Award Options Vested Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedFairValue
26600000
CY2013 trip Number Of Customers Accounting For More Than Ten Percent Of Gross Trade Receivables
NumberOfCustomersAccountingForMoreThanTenPercentOfGrossTradeReceivables
0 Customer
CY2013 trip Acquired Customer Advances
AcquiredCustomerAdvances
11500000
CY2013 trip Performance Based Restricted Stock Units And Options Number Of Securities Called By Options And Restricted Stock Units
PerformanceBasedRestrictedStockUnitsAndOptionsNumberOfSecuritiesCalledByOptionsAndRestrictedStockUnits
199000 shares
CY2013 trip Increase Decrease In Customer Advance
IncreaseDecreaseInCustomerAdvance
16800000
CY2013 trip Adjustments To Additional Paid In Capital Issuance Of Common Stock Related To Exercise Of Options And Vesting Of Restricted Stock Units Value
AdjustmentsToAdditionalPaidInCapitalIssuanceOfCommonStockRelatedToExerciseOfOptionsAndVestingOfRestrictedStockUnitsValue
27068000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.39
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y2M16D
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1207000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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