Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.8.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2017
Segment Information  
Schedule of performance measures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

 

2017

 

2016

 

2015

 

 

    

 

 

    

Adjusted

    

 

    

Adjusted

    

 

    

Adjusted

 

 

 

Revenue

 

OIBDA

 

Revenue

 

OIBDA

 

Revenue

 

OIBDA

 

 

 

amounts in millions

 

TripAdvisor

 

$

1,556

 

331

 

1,480

 

352

 

1,492

 

464

 

Corporate and other

 

 

13

 

(9)

 

52

 

(16)

 

73

 

(30)

 

Consolidated TripCo

 

$

1,569

 

322

 

1,532

 

336

 

1,565

 

434

 

 

Schedule of other information

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

December 31, 2016

 

 

    

Total

    

Capital

    

Total

    

Capital

 

 

 

Assets

 

expenditures

 

Assets

 

expenditures

 

 

 

amounts in millions

 

TripAdvisor

 

$

5,387

 

64

 

7,171

 

72

 

Corporate and other

 

 

97

 

 1

 

111

 

 1

 

Consolidated TripCo

 

$

5,484

 

65

 

7,282

 

73

 

 

Schedule of revenue by geographic area

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2017

    

2016

    

2015

 

 

 

amounts in millions

 

United States

 

$

890

 

850

 

807

 

United Kingdom

 

 

209

 

210

 

215

 

Other countries

 

 

470

 

472

 

543

 

Consolidated TripCo

 

$

1,569

 

1,532

 

1,565

 

 

Schedule of long-lived assets by geographic area

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2017

    

2016

 

 

 

amounts in millions

 

United States

 

$

147

 

158

 

Other countries

 

 

18

 

18

 

Consolidated TripCo

 

$

165

 

176

 

 

Reconciliation of segment Adjusted OIBDA to earnings (loss) before income taxes

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

    

2017

    

2016

    

2015

 

 

 

amounts in millions

 

Consolidated Adjusted OIBDA

 

$

322

 

336

 

434

 

Stock settled charitable contribution (1)

 

 

 —

 

 —

 

(67)

 

Stock-based compensation

 

 

(103)

 

(91)

 

(82)

 

Depreciation and amortization

 

 

(213)

 

(222)

 

(268)

 

Impairment of intangible assets

 

 

(1,798)

 

 —

 

(2)

 

Operating income

 

 

(1,792)

 

23

 

15

 

Interest expense

 

 

(25)

 

(25)

 

(28)

 

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

 

 

24

 

53

 

 2

 

Gain (loss) on dispositions, net

 

 

(18)

 

 —

 

19

 

Other, net

 

 

 1

 

(5)

 

(4)

 

Earnings (loss) before income taxes

 

$

(1,810)

 

46

 

 4

 

 

(1)

TripAdvisor recorded an expense for the year ending December 31, 2015 in the amount of $67 million for a non-cash contribution to the TripAdvisor Charitable Foundation (the “Foundation”) which was recorded to general and administrative expense in the consolidated statements of operations. TripAdvisor settled this obligation with treasury shares based on the fair value of its common stock on the date the treasury shares were issued to the Foundation. Due to the one-time nature and use of stock to settle the obligation, the amount has been excluded from Adjusted OIBDA for the year ended December 31, 2015, as shown above.