$TRIP
TripAdvisor, Inc.

2019 Q3 Form 10-Q Financial Statement

#000156459019041094 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2018 Q2
Revenue $428.0M $458.0M $433.0M
YoY Change -6.55% 4.33% 2.12%
Cost Of Revenue $25.00M $23.00M $24.00M
YoY Change 8.7% 15.0% 20.0%
Gross Profit $403.0M $435.0M $409.0M
YoY Change -7.36% 3.82% 1.24%
Gross Profit Margin 94.16% 94.98% 94.46%
Selling, General & Admin $303.0M $318.0M $331.0M
YoY Change -4.72% -9.14% 0.0%
% of Gross Profit 75.19% 73.1% 80.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.00M $20.00M $21.00M
YoY Change 15.0% -28.57% -22.22%
% of Gross Profit 5.71% 4.6% 5.13%
Operating Expenses $335.0M $346.0M $360.0M
YoY Change -3.18% -8.22% 0.56%
Operating Profit $68.00M $89.00M $49.00M
YoY Change -23.6% 111.9% 6.52%
Interest Expense $2.000M $4.000M -$7.000M
YoY Change -50.0% -200.0% 250.0%
% of Operating Profit 2.94% 4.49% -14.29%
Other Income/Expense, Net $5.000M -$2.000M -$7.000M
YoY Change -350.0% -450.0%
Pretax Income $73.00M $87.00M $42.00M
YoY Change -16.09% 128.95% -4.55%
Income Tax $23.00M $18.00M $10.00M
% Of Pretax Income 31.51% 20.69% 23.81%
Net Earnings $50.00M $69.00M $32.00M
YoY Change -27.54% 176.0% 18.52%
Net Earnings / Revenue 11.68% 15.07% 7.39%
Basic Earnings Per Share $0.36 $0.50 $0.23
Diluted Earnings Per Share $0.36 $0.49 $0.23
COMMON SHARES
Basic Shares Outstanding 139.3M 137.6M 137.8M
Diluted Shares Outstanding 140.4M 140.5M 139.6M

Balance Sheet

Concept 2019 Q3 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $933.0M $663.0M $678.0M
YoY Change 40.72% -13.11% -25.0%
Cash & Equivalents $838.0M $663.0M $666.0M
Short-Term Investments $95.00M $0.00 $12.00M
Other Short-Term Assets $30.00M $26.00M $62.00M
YoY Change 15.38% 4.0% 158.33%
Inventory
Prepaid Expenses
Receivables $212.0M $227.0M $285.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.181B $926.0M $1.040B
YoY Change 27.54% -11.13% -11.86%
LONG-TERM ASSETS
Property, Plant & Equipment $265.0M $256.0M $258.0M
YoY Change 3.52% -3.76% -3.01%
Goodwill $746.0M
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.000M
YoY Change -50.0%
Other Assets $108.0M $121.0M $103.0M
YoY Change -10.74% 72.86% 49.28%
Total Long-Term Assets $1.287B $1.266B $1.264B
YoY Change 1.66% -3.06% -2.17%
TOTAL ASSETS
Total Short-Term Assets $1.181B $926.0M $1.040B
Total Long-Term Assets $1.287B $1.266B $1.264B
Total Assets $2.468B $2.192B $2.304B
YoY Change 12.59% -6.64% -6.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $212.0M $226.0M $364.0M
YoY Change -6.19% 1406.67% 5100.0%
Accrued Expenses $179.0M $154.0M $163.0M
YoY Change 16.23% 20.31% 46.85%
Deferred Revenue $73.00M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $5.000M $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $468.0M $453.0M $631.0M
YoY Change 3.31% 7.35% 1.61%
LONG-TERM LIABILITIES
Long-Term Debt $79.00M $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $344.0M $277.0M $307.0M
YoY Change 24.19% 21.49% 38.29%
Total Long-Term Liabilities $344.0M $277.0M $307.0M
YoY Change 24.19% 4.53% -36.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $468.0M $453.0M $631.0M
Total Long-Term Liabilities $344.0M $277.0M $307.0M
Total Liabilities $820.0M $750.0M $957.0M
YoY Change 9.33% -19.44% -14.4%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $547.0M
YoY Change
Treasury Stock Shares $12.06M $12.06M
Shareholders Equity $1.648B $1.442B $1.347B
YoY Change
Total Liabilities & Shareholders Equity $2.468B $2.192B $2.304B
YoY Change 12.59% -6.64% -6.8%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $50.00M $69.00M $32.00M
YoY Change -27.54% 176.0% 18.52%
Depreciation, Depletion And Amortization $23.00M $20.00M $21.00M
YoY Change 15.0% -28.57% -22.22%
Cash From Operating Activities $1.000M $14.00M $186.0M
YoY Change -92.86% -110.37% -15.84%
INVESTING ACTIVITIES
Capital Expenditures -$22.00M -$14.00M -$16.00M
YoY Change 57.14% -6.67% -5.88%
Acquisitions
YoY Change
Other Investing Activities -$31.00M $1.000M -$17.00M
YoY Change -3200.0% 0.0% 466.67%
Cash From Investing Activities -$53.00M -$13.00M -$33.00M
YoY Change 307.69% -7.14% 65.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.000M -1.000M -107.0M
YoY Change 100.0% -125.0% 101.89%
NET CHANGE
Cash From Operating Activities 1.000M 14.00M 186.0M
Cash From Investing Activities -53.00M -13.00M -33.00M
Cash From Financing Activities -2.000M -1.000M -107.0M
Net Change In Cash -54.00M 0.000 46.00M
YoY Change -100.0% -68.92%
FREE CASH FLOW
Cash From Operating Activities $1.000M $14.00M $186.0M
Capital Expenditures -$22.00M -$14.00M -$16.00M
Free Cash Flow $23.00M $28.00M $202.0M
YoY Change -17.86% -123.33% -15.13%

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trip Description Of User Generated Reviews And Opinions Across Broad Base Of Global Travel Related Brands
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TripAdvisor features approximately 830 million reviews and opinions on approximately 8.6 million places to stay, places to eat and things to do – including 1.4 million hotels, inns, B&Bs and specialty lodging, 885,000 rental properties, 5.1 million restaurants and 1.2 million travel activities and experiences worldwide.
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<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Accounting Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 include: (i) recognition and recoverability of goodwill, definite-lived intangibles and other long-lived assets; and (ii) accounting for income taxes.</p>
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us-gaap Finance Lease Right Of Use Asset Amortization
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1000000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3000000
CY2019Q3 trip Finance Lease Cost
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3000000
trip Finance Lease Cost
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10000000
CY2019Q3 us-gaap Sublease Income
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us-gaap Sublease Income
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CY2019Q3 us-gaap Lease Cost
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us-gaap Lease Cost
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us-gaap Operating Lease Cost
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us-gaap Sublease Income
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85000000
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CY2018Q4 trip Sub Leases Income Future Minimum Payments Due Current
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25000000
CY2018Q4 trip Sub Leases Income Future Minimum Payments Due In Two Years
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2000000
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25000000
CY2018Q4 trip Sub Leases Income Future Minimum Payments Due In Three Years
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2000000
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24000000
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2000000
us-gaap Operating Lease Payments
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20000000
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104000000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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88000000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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88000000
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16000000
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CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0416
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0449
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4000000
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2000000
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23000000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Two
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9000000
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21000000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Three
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10000000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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19000000
CY2019Q3 us-gaap Finance Lease Liability Payments Due Year Four
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10000000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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13000000
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10000000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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9000000
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24000000
CY2019Q3 us-gaap Operating Lease Liability
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85000000
CY2019Q3 us-gaap Finance Lease Liability
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CY2019Q3 us-gaap Operating Lease Liability Current
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19000000
CY2019Q3 us-gaap Finance Lease Liability Current
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5000000
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66000000
CY2018Q4 trip Net Of Sublease Income Future Minimum Payments Due In Four Years
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24000000
CY2018Q4 trip Net Of Sublease Income Future Minimum Payments Due In Five Years
NetOfSubleaseIncomeFutureMinimumPaymentsDueInFiveYears
19000000
CY2018Q4 trip Net Of Sublease Income Future Minimum Payments Due Thereafter
NetOfSubleaseIncomeFutureMinimumPaymentsDueThereafter
76000000
CY2018Q4 trip Sub Leases Income Future Minimum Payments Due
SubLeasesIncomeFutureMinimumPaymentsDue
9000000
CY2018Q4 trip Net Of Sublease Income Future Minimum Payments Due
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193000000
CY2018Q4 us-gaap Capital Lease Obligations Noncurrent
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83000000
us-gaap Number Of Reportable Segments
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2
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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458000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q3 us-gaap Accounts Receivable Net Current
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212000000
CY2018Q4 us-gaap Accounts Receivable Net Current
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205000000
CY2019Q3 us-gaap Contract With Customer Asset Net Current
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6000000
CY2018Q4 us-gaap Contract With Customer Asset Net Current
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7000000
CY2019Q3 trip Accounts Receivable And Contract Assets Net Current
AccountsReceivableAndContractAssetsNetCurrent
218000000
CY2018Q4 trip Accounts Receivable And Contract Assets Net Current
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212000000
CY2019Q1 us-gaap Contract With Customer Liability Current
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63000000
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10000000
us-gaap Contract With Customer Liability Revenue Recognized
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56000000
CY2018Q1 us-gaap Contract With Customer Liability Current
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59000000
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8000000
us-gaap Contract With Customer Liability Revenue Recognized
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53000000
CY2019Q3 us-gaap Net Income Loss
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50000000
CY2018Q3 us-gaap Net Income Loss
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69000000
us-gaap Net Income Loss
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110000000
us-gaap Net Income Loss
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105000000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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139324000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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137574000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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138937000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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138239000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
29000
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
518000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
207000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
305000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1028000
CY2018Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
2421000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1674000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1607000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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140381000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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140513000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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140818000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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140151000
CY2019Q3 us-gaap Earnings Per Share Basic
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0.36
CY2018Q3 us-gaap Earnings Per Share Basic
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0.50
us-gaap Earnings Per Share Basic
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0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.78
us-gaap Earnings Per Share Diluted
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0.75
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
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29000000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
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29000000
us-gaap Allocated Share Based Compensation Expense
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91000000
CY2019Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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7000000
CY2018Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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7000000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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21000000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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22000000
CY2018Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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22000000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
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70000000
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5000000
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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14000000
CY2018Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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3000000
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0149
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0278
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0240
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0266
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4126
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4022
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4215
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4226
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.54
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
23.12
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
21.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.72
CY2019Q3 trip Income Tax Benefits Associated With Exercise Settlement Of Stock Based Awards
IncomeTaxBenefitsAssociatedWithExerciseSettlementOfStockBasedAwards
1000000
trip Income Tax Benefits Associated With Exercise Settlement Of Stock Based Awards
IncomeTaxBenefitsAssociatedWithExerciseSettlementOfStockBasedAwards
23000000
CY2018Q3 trip Income Tax Benefits Associated With Exercise Settlement Of Stock Based Awards
IncomeTaxBenefitsAssociatedWithExerciseSettlementOfStockBasedAwards
1000000
trip Income Tax Benefits Associated With Exercise Settlement Of Stock Based Awards
IncomeTaxBenefitsAssociatedWithExerciseSettlementOfStockBasedAwards
10000000
trip Minimum Maturity Period For Short Term Securities
MinimumMaturityPeriodForShortTermSecurities
P90D
CY2018 trip Minimum Maturity Period For Short Term Securities
MinimumMaturityPeriodForShortTermSecurities
P90D
trip Maximum Remaining Maturity Period For Short Term Securities
MaximumRemainingMaturityPeriodForShortTermSecurities
P12M
CY2018 trip Maximum Remaining Maturity Period For Short Term Securities
MaximumRemainingMaturityPeriodForShortTermSecurities
P12M
CY2018 trip Cash And Cash Equivalents Maximum Maturity Period
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P90D
CY2019Q3 us-gaap Cash Equivalents At Carrying Value
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828000000
CY2019Q3 us-gaap Cash
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828000000
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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828000000
CY2019Q3 trip Cash Cash Equivalents Restricted Cash And Marketable Securities Amortized Cost
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933000000
CY2019Q3 trip Cash Cash Equivalents Restricted Cash And Marketable Securities Fair Value
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933000000
CY2019Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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838000000
CY2019Q3 us-gaap Marketable Securities Current
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95000000
CY2018Q4 us-gaap Cash Equivalents At Carrying Value
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522000000
CY2018Q4 us-gaap Cash
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522000000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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522000000
CY2018Q4 trip Cash Cash Equivalents Restricted Cash And Marketable Securities Amortized Cost
CashCashEquivalentsRestrictedCashAndMarketableSecuritiesAmortizedCost
670000000
CY2018Q4 trip Cash Cash Equivalents Restricted Cash And Marketable Securities Fair Value
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670000000
CY2018Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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655000000
CY2018Q4 us-gaap Marketable Securities Current
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15000000
trip Cash And Cash Equivalents Maximum Maturity Period
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P90D
us-gaap Derivative Instruments Not Designated As Hedging Instruments Purpose
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsPurpose
We typically use forward contracts to reduce the effects of foreign currency exchange rate fluctuations on our cash flows primarily for the Euro versus the U.S. Dollar. Counterparties to our forward contracts consist of major international financial institutions. We monitor our positions and the credit ratings of the counterparties involved and, by policy limits, the amount of credit exposure to any one party. For the three and nine months ended September 30, 2019 and 2018, respectively, our forward contracts have not been designated as hedges and generally had maturities of less than 90 days. We do not use derivatives for trading or speculative purposes.
CY2019Q3 us-gaap Derivative Gain Loss On Derivative Net
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1000000
us-gaap Derivative Gain Loss On Derivative Net
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1000000
us-gaap Derivative Gain Loss On Derivative Net
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CY2019Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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14000000
CY2018Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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12000000
CY2019Q3 us-gaap Property Plant And Equipment Gross
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561000000
CY2018Q4 us-gaap Property Plant And Equipment Gross
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493000000
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296000000
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240000000
CY2019Q3 us-gaap Property Plant And Equipment Net
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265000000
us-gaap Number Of Reporting Units
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4
CY2018Q4 us-gaap Property Plant And Equipment Net
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253000000
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0
CY2018Q4 us-gaap Goodwill
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756000000
us-gaap Goodwill Foreign Currency Translation Gain Loss
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-10000000
CY2019Q3 us-gaap Goodwill
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746000000
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0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.315
us-gaap Effective Income Tax Rate Continuing Operations
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0.364
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.207
us-gaap Effective Income Tax Rate Continuing Operations
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0.300
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19000000
CY2019Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
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0
CY2019Q3 trip Unrecognized Tax Benefits Including Interest Accrued
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163000000
CY2018Q4 trip Unrecognized Tax Benefits Including Interest Accrued
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148000000
CY2019Q3 us-gaap Accrued Income Taxes Noncurrent
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66000000
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5000000
CY2018Q4 us-gaap Other Sundry Liabilities Noncurrent
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20000000
CY2019Q3 us-gaap Other Liabilities Noncurrent
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344000000
CY2018Q4 us-gaap Other Liabilities Noncurrent
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282000000
CY2019Q3 us-gaap Nonoperating Income Expense
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CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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73000000
CY2019Q3 us-gaap Income Tax Expense Benefit
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CY2019Q3 us-gaap Net Income Loss
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50000000
CY2018Q3 us-gaap Amortization Of Intangible Assets
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CY2018Q3 us-gaap Operating Income Loss
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CY2018Q3 us-gaap Income Tax Expense Benefit
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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458000000
CY2018Q3 trip Adjusted Earnings Before Interest Taxes Depreciation And Amortization
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146000000
CY2018Q3 us-gaap Depreciation
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20000000
CY2019Q3 us-gaap Treasury Stock Shares Acquired
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0
us-gaap Treasury Stock Shares Acquired
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0
CY2018Q3 us-gaap Treasury Stock Shares Acquired
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0
us-gaap Treasury Stock Shares Acquired
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2582198
us-gaap Treasury Stock Value Acquired Cost Method
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100000000
us-gaap Treasury Stock Acquired Average Cost Per Share
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38.73
CY2019Q3 us-gaap Treasury Stock Shares
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12056688
CY2018Q4 us-gaap Treasury Stock Shares
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12056688
CY2018Q4 us-gaap Treasury Stock Value
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547000000
CY2019Q3 us-gaap Treasury Stock Value
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547000000
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150000000
CY2019Q1 us-gaap Number Of Reportable Segments
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2
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428000000
CY2019Q3 trip Adjusted Earnings Before Interest Taxes Depreciation And Amortization
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129000000
CY2019Q3 us-gaap Depreciation
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23000000
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9000000
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
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29000000
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68000000
trip Adjusted Earnings Before Interest Taxes Depreciation And Amortization
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347000000
us-gaap Depreciation
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69000000
us-gaap Amortization Of Intangible Assets
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23000000
us-gaap Allocated Share Based Compensation Expense
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91000000
us-gaap Operating Income Loss
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164000000
us-gaap Nonoperating Income Expense
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9000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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173000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63000000
us-gaap Net Income Loss
NetIncomeLoss
110000000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1269000000
trip Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
335000000
us-gaap Depreciation
Depreciation
61000000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24000000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
90000000
us-gaap Operating Income Loss
OperatingIncomeLoss
160000000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10000000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
150000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45000000
us-gaap Net Income Loss
NetIncomeLoss
105000000

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