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, 2022

Summary of Significant Accounting Policies


	Years ended December 31,
	2022		2021	2020

	amounts in millions

Balance, beginning of period	$	28	33	25
Provision charged to expense		6	3	17
Write-offs, net of recoveries and other adjustments		(6)	(8)	(9)
Balance, end of period	$	28	28	33

Schedule of property and equipment

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


	December 31,
	2022		2021
Finance lease right-of-use asset	$	114	114
Leasehold improvements		46	48
Computer equipment and purchased software		82	77
Furniture, office equipment and other		19	20
Total property and equipment, at cost	$	261	259

Schedule of disaggregation of revenue


	Years ended December 31,
		2022	2021	2020


Major Products/Revenue Sources:
Tripadvisor Core
Tripadvisor-branded hotels	$	650	451	292
Tripadvisor-branded display and platform		130	98	69
Tripadvisor experiences and dining		134	70	65
Other		52	46	57
Total Tripadvisor Core		966	665	483

Viator		493	184	55
TheFork		126	85	86
Intersegment eliminations		(93)	(32)	(20)
Total Revenue	$	1,492	902	604

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,
	2022		2021
Accounts receivable	$	173	105
Contract assets		32	37
Total	$	205	142

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, 2022, 2021 and 2020 (amounts in millions):


	December 31,
	2022		2021	2020
Operating expense	$	37	47	45
Selling, general and administrative		56	78	67
	$	93	125	112

Reconciliation of Basic and Diluted Weighted Average Shares


		Years ended December 31,
		2022	2021	2020

		in millions
Numerator
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders	$	30	179	(238)
Less: Series A Preferred Stock carrying value adjustment and transaction costs		—	370	150
Net earnings (loss) available to common shareholders	$	30	(191)	(388)
Denominator
Basic EPS		76	75	75
Potentially dilutive shares (a)		1	2	1
Diluted EPS		77	77	76

(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.