$TRIP
TripAdvisor, Inc.

2018 Q1 Form 10-Q Financial Statement

#000156459018011803 Filed on May 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $378.0M $372.0M
YoY Change 1.61% 5.68%
Cost Of Revenue $20.00M $17.00M
YoY Change 17.65% 6.25%
Gross Profit $358.0M $355.0M
YoY Change 0.85% 5.65%
Gross Profit Margin 94.71% 95.43%
Selling, General & Admin $307.0M $301.0M
YoY Change 1.99% 11.48%
% of Gross Profit 85.75% 84.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.00M $27.00M
YoY Change -25.93% 12.5%
% of Gross Profit 5.59% 7.61%
Operating Expenses $335.0M $328.0M
YoY Change 2.13% 11.56%
Operating Profit $23.00M $27.00M
YoY Change -14.81% -35.71%
Interest Expense $3.000M -$2.000M
YoY Change -250.0% -50.0%
% of Operating Profit 13.04% -7.41%
Other Income/Expense, Net -$2.000M -$2.000M
YoY Change 0.0%
Pretax Income $21.00M $25.00M
YoY Change -16.0% -34.21%
Income Tax $16.00M $12.00M
% Of Pretax Income 76.19% 48.0%
Net Earnings $5.000M $13.00M
YoY Change -61.54% -55.17%
Net Earnings / Revenue 1.32% 3.49%
Basic Earnings Per Share $0.04 $0.09
Diluted Earnings Per Share $0.04 $0.09
COMMON SHARES
Basic Shares Outstanding 139.3M 143.6M
Diluted Shares Outstanding 140.3M 144.7M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $650.0M $746.0M
YoY Change -12.87% 7.8%
Cash & Equivalents $635.0M $731.0M
Short-Term Investments $15.00M $15.00M
Other Short-Term Assets $52.00M $25.00M
YoY Change 108.0% -10.71%
Inventory
Prepaid Expenses
Receivables $269.0M $232.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $983.0M $1.003B
YoY Change -1.99% 4.05%
LONG-TERM ASSETS
Property, Plant & Equipment $261.0M $262.0M
YoY Change -0.38% 3.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.000M $3.000M
YoY Change 66.67% -82.35%
Other Assets $92.00M $67.00M
YoY Change 37.31% -6.94%
Total Long-Term Assets $1.257B $1.271B
YoY Change -1.1% 1.68%
TOTAL ASSETS
Total Short-Term Assets $983.0M $1.003B
Total Long-Term Assets $1.257B $1.271B
Total Assets $2.240B $2.274B
YoY Change -1.5% 2.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $276.0M $12.00M
YoY Change 2200.0% -20.0%
Accrued Expenses $150.0M $76.00M
YoY Change 97.37% -43.28%
Deferred Revenue $59.00M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $7.000M $7.000M
YoY Change 0.0% 600.0%
Total Short-Term Liabilities $534.0M $452.0M
YoY Change 18.14% 4.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $210.0M
YoY Change -100.0% 90.91%
Other Long-Term Liabilities $300.0M $215.0M
YoY Change 39.53% 11.98%
Total Long-Term Liabilities $300.0M $425.0M
YoY Change -29.41% 40.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $534.0M $452.0M
Total Long-Term Liabilities $300.0M $425.0M
Total Liabilities $850.0M $890.0M
YoY Change -4.49% 18.67%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $9.727M $6.925M
Shareholders Equity $1.389B $1.384B
YoY Change
Total Liabilities & Shareholders Equity $2.240B $2.274B
YoY Change -1.5% 2.71%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $5.000M $13.00M
YoY Change -61.54% -55.17%
Depreciation, Depletion And Amortization $20.00M $27.00M
YoY Change -25.93% 12.5%
Cash From Operating Activities $174.0M $134.0M
YoY Change 29.85% 8.06%
INVESTING ACTIVITIES
Capital Expenditures $15.00M $18.00M
YoY Change -16.67% 5.88%
Acquisitions
YoY Change
Other Investing Activities $43.00M $116.0M
YoY Change -62.93% 314.29%
Cash From Investing Activities $28.00M $98.00M
YoY Change -71.43% 790.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.000M $150.0M
YoY Change -97.33% 14900.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -246.0M -114.0M
YoY Change 115.79% 16.33%
NET CHANGE
Cash From Operating Activities 174.0M 134.0M
Cash From Investing Activities 28.00M 98.00M
Cash From Financing Activities -246.0M -114.0M
Net Change In Cash -38.00M 119.0M
YoY Change -131.93% 221.62%
FREE CASH FLOW
Cash From Operating Activities $174.0M $134.0M
Capital Expenditures $15.00M $18.00M
Free Cash Flow $159.0M $116.0M
YoY Change 37.07% 8.41%

Facts In Submission

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IncomeTaxReconciliationChangeInCostSharingTreatmentOfStockBasedCompensation
-1000000
CY2018Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
240000000
CY2018Q1 trip Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
80000000

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trip-10q_20180331.htm Edgar Link pending
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