Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.22.4
Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Information  
Schedule of performance measures

Years ended December 31,

2022

2021

2020

    

Adjusted

    

    

Adjusted

    

    

Adjusted

Revenue

OIBDA

Revenue

OIBDA

Revenue

OIBDA

amounts in millions

Tripadvisor Core

$

966

345

665

177

483

64

Viator

493

(11)

184

(31)

55

(72)

TheFork

126

(39)

85

(46)

86

(43)

Corporate and eliminations

 

(93)

(8)

(32)

(10)

(20)

(10)

Consolidated TripCo

$

1,492

287

 

902

90

 

604

(61)

Schedule of revenue by geographic area

December 31,

 

    

2022

    

2021

    

2020

 

amounts in millions

 

United States

$

905

 

526

 

302

United Kingdom

 

402

 

259

 

169

Other countries

 

185

 

117

 

133

Consolidated TripCo

$

1,492

 

902

 

604

Schedule of long-lived assets by geographic area

December 31,

 

    

2022

    

2021

 

amounts in millions

 

United States

$

94

 

108

Other countries

 

9

 

10

Consolidated TripCo

$

103

 

118

Reconciliation of consolidated Adjusted OIBDA to operating income and earnings (loss) before income taxes

Years ended December 31,

 

    

2022

    

2021

    

2020

 

amounts in millions

 

Adjusted OIBDA

$

287

 

90

 

(61)

Stock-based compensation

 

(93)

 

(125)

 

(112)

Depreciation and amortization

 

(97)

 

(150)

 

(168)

Impairment of goodwill and intangible assets

 

 

 

(550)

Restructuring and related reorganization costs

(41)

Non-recurring expenses (1)

(8)

Legal reserves and settlements

(1)

Operating income (loss)

88

(185)

(932)

Interest expense

 

(65)

 

(60)

 

(41)

Dividend and interest income

16

1

3

Realized and unrealized gains (losses) on financial instruments, net

62

251

(19)

Other, net

 

(8)

 

(12)

 

(25)

Earnings (loss) before income taxes

$

93

 

(5)

 

(1,014)

(1)Tripadvisor incurred a loss of approximately $8 million during the fourth quarter of 2022, as the result of external fraud, which was recorded to selling, general and administrative, including stock-based compensation on the consolidated statement of operations during the year ended December 31, 2022. Tripadvisor considers such costs to be non-recurring in nature. To the extent Tripadvisor recovers any losses in future periods related to this incident, Tripadvisor plans to reduce Adjusted OIBDA by the recovery amount in those periods.