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, 2023

Summary of Significant Accounting Policies


	Years ended December 31,
	2023		2022	2021

	amounts in millions

Balance, beginning of period	$	28	28	33
Provision charged to expense		6	6	3
Write-offs, net of recoveries and other adjustments		(13)	(6)	(8)
Balance, end of period	$	21	28	28

Schedule of property and equipment

Property and equipment, at cost consists of the following:


	December 31,
	2023		2022

	amounts in millions
Finance lease right-of-use asset	$	114	114
Leasehold improvements		37	46
Computer equipment and purchased software		64	82
Furniture, office equipment and other		17	19
Total property and equipment, at cost	$	232	261

Schedule of disaggregation of revenue


	Years ended December 31,
		2023	2022	2021

	amounts in millions

Brand Tripadvisor
Tripadvisor-branded hotels	$	659	650	451
Media and advertising		145	130	98
Tripadvisor experiences and dining		176	134	70
Other		51	52	46
Total Brand Tripadvisor		1,031	966	665

Viator		737	493	184
TheFork		154	126	85
Intersegment eliminations		(134)	(93)	(32)
Total Revenue	$	1,788	1,492	902

Schedule of contract balances


	December 31,
	2023		2022

	amounts in millions

Accounts receivable	$	177	173
Contract assets		15	32
Total	$	192	205

Schedule of stock-based compensation expense


	December 31,
	2023		2022	2021

	amounts in millions
Operating expense	$	41	37	47
Selling, general and administrative		58	56	78
	$	99	93	125

Reconciliation of Basic and Diluted Weighted Average Shares


		Years ended December 31,
		2023	2022	2021

		in millions
Numerator
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders	$	(285)	30	179
Less: Series A Preferred Stock carrying value adjustment and transaction costs		—	—	370
Net earnings (loss) available to common shareholders	$	(285)	30	(191)
Denominator
Basic EPS		76	76	75
Potentially dilutive shares (a)		2	1	2
Diluted EPS		78	77	77

(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.