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, 2024

Summary of Significant Accounting Policies


	Years ended December 31,
	2024		2023	2022

	amounts in millions

Balance, beginning of period	$	21	28	28
Provision charged to expense		8	6	6
Write-offs, net of recoveries and other adjustments		(4)	(13)	(6)
Balance, end of period	$	25	21	28

Schedule of property and equipment

Property and equipment, at cost consists of the following:


	December 31,
	2024		2023

	amounts in millions
Finance lease right-of-use asset	$	114	114
Leasehold improvements		24	37
Computer equipment and purchased software		56	64
Furniture, office equipment and other		15	17
Total property and equipment, at cost	$	209	232

Schedule of disaggregation of revenue


	Years ended December 31,
		2024	2023	2022

	amounts in millions

Brand Tripadvisor
Tripadvisor-branded hotels	$	585	659	650
Media and advertising		150	145	130
Tripadvisor experiences and dining		169	176	134
Other		45	51	52
Total Brand Tripadvisor		949	1,031	966

Viator		840	737	493
TheFork		181	154	126
Intersegment eliminations		(135)	(134)	(93)
Total Revenue	$	1,835	1,788	1,492

Schedule of contract balances


	December 31,
	2024		2023

	amounts in millions

Accounts receivable	$	187	177
Contract assets		20	15
Total	$	207	192

Schedule of stock-based compensation expense


	December 31,
	2024		2023	2022

	amounts in millions
Personnel	$	120	96	88
General and administrative		1	3	5
	$	121	99	93

Reconciliation of Basic and Diluted Weighted Average Shares


	Years ended December 31,
	2024	2023	2022

	in millions
Basic WASO	77	76	76
Potentially dilutive shares (a)	1	2	1
Diluted WASO	78	78	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.

Schedule of reclassification adjustments between operating expenses


	As Reported December 31, 2023		Adjustments			As Adjusted December 31, 2023		As Reported December 31, 2022		Adjustments			As Adjusted December 31, 2022

	(in millions)							(in millions)
Cost of Sales	$	—	$	119	1	$	119	$	—	$	78	1	$	78
Marketing		—		705	2		705		—		576	2		576
Personnel, including stock-based compensation		—		570	3		570		—		503	3		503
Technology		—		80	4		80		—		63	4		63
General and administrative, including stock-based compensation (formerly Selling general and administrative, including stock-based compensation)		1,144		(1,052)	5		92		969		(882)	5		87
Operating expense, including stock based compensation		422		(422)			—		338		(338)			—
Total	$	1,566	$	—		$	1,566	$	1,307	$	—		$	1,307

(1)Reclass of the costs related to revenue generating activities, from operating expense to Costs of Sales.

(2)Reclass of marketing expenses, from selling, general and administrative (“SG&A”), to Marketing.

(3)Reclass of people costs from SG&A to Personnel.

(4)Reclass of technology costs, from operating expense to Technology.

(5)Reclass of marketing expenses and people costs from SG&A to Marketing and Personnel, with the exception of corporate stock based compensation.