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

Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2023


	Years ended December 31,
	2023		2022	2021

	amounts in millions
Operating lease cost (1)	$	17	19	21
Finance lease cost:
Amortization of right-of-use assets (2)	$	10	10	10
Interest on lease liabilities (3)		3	3	4
Total finance lease cost	$	13	13	14
Sublease income on operating leases (1)		(5)	(9)	(5)
Total lease cost, net	$	25	23	30

(1)

Operating lease costs, net of sublease income, are included in operating expense, including stock-based compensation in the consolidated statements of operations.

(2)

Amount is included in depreciation expense in the consolidated statements of operations.

(3)

Amount is included in interest expense in the consolidated statements of operations.

Schedule of balance sheet information


	December 31,
	2023		2022

	amounts in millions
Operating leases:
Operating lease right-of-use assets (1)	$	15	27

Current operating lease liabilities (2)	$	10	14
Operating lease liabilities (3)		6	15
Total operating lease liabilities	$	16	29

Finance Lease:
Finance lease right-of-use assets (4)	$	67	76

Current finance lease liabilities (2)	$	6	6
Finance lease liabilities (3)		51	58
Total finance lease liabilities	$	57	64

(1)

Included in other assets, at cost, net of accumulated amortization in the consolidated balance sheets.

(2)

Included in accrued liabilities and other current liabilities in the consolidated balance sheets.

(3)

Included in other liabilities in the consolidated balance sheets.

(4)

Included in property and equipment, net in the consolidated balance sheets.

Schedule of cash flow information related to leases


	Years ended December 31,
	2023		2022	2021

	amounts in millions
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	17	22	25
Operating cash outflows from finance lease	$	4	3	3
Financing cash outflows from finance lease	$	8	6	6
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	4	2	6

Schedule of weighted-average lease term and discount rate


	December 31,
	2023		2022
Weighted-average remaining lease term
Operating leases		2.0 years	2.5 years
Finance lease		7.0 years	8.0 years
Weighted-average discount rate
Operating leases		4.1%	3.7%
Finance lease		4.5%	4.5%

Schedule of operating lease maturities


	Operating Leases		Finance Leases

		amounts in millions
2024	$	10	9
2025		3	9
2026		2	9
2027		1	10
2028		—	10
Thereafter		—	19
Total future lease payments	$	16	66
Less: imputed interest		—	(9)
Total	$	16	57

Schedule of finance lease maturities


	Operating Leases		Finance Leases

		amounts in millions
2024	$	10	9
2025		3	9
2026		2	9
2027		1	10
2028		—	10
Thereafter		—	19
Total future lease payments	$	16	66
Less: imputed interest		—	(9)
Total	$	16	57