Liberty TripAdvisor Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Significant Accounting Policies

Property and equipment, at cost consists of the following (amounts in millions):


	December 31,
	2021		2020
Finance lease right-of-use asset	$	114	114
Leasehold improvements		48	49
Computer equipment and purchased software		77	71
Furniture, office equipment and other		20	21
Total property and equipment, at cost	$	259	255

Schedule of disaggregation of revenue


	Years ended December 31,
		2021	2020	2019

	amounts in millions
Hotels, Media & Platform
Tripadvisor-branded hotels	$	452	292	779
Tripadvisor-branded display and platform		97	69	160
Total Hotels, Media & Platform		549	361	939

Experiences & Dining		307	186	456
Corporate and other		46	57	165
Total Revenue	$	902	604	1,560

Schedule of contract balances

The following table provides information about the opening and closing balances of accounts receivable and contract assets from contracts with customers (in millions):


	December 31,
	2021		2020
Accounts receivable	$	105	70
Contract assets		37	13
Total	$	142	83

Schedule of stock-based compensation expense

Included in the accompanying consolidated statements of operations are the following amounts of stock-based compensation for the years ended December 31, 2021, 2020 and 2019 (amounts in millions):


	December 31,
	2021		2020	2019
Operating expense	$	47	45	56
Selling, general and administrative		78	67	75
	$	125	112	131

Reconciliation of Basic and Diluted Weighted Average Shares


		Years ended December 31,
		2021 (a)	2020 (a)	2019

		in millions
Numerator
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders	$	179	(238)	(22)
Less: Series A Preferred Stock carrying value adjustment and transaction costs		370	150	NA
Net earnings (loss) available to common shareholders	$	(191)	(388)	(22)
Denominator
Basic EPS		75	75	75
Potentially dilutive shares		2	1	—
Diluted EPS		77	76	75

(a)

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.