Quarterly report pursuant to Section 13 or 15(d)

Recent Accounting Pronouncements (Tables)

v3.8.0.1
Recent Accounting Pronouncements (Tables)
 3 Months Ended
Mar. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]  
Schedule of disaggregation of revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended
March 31, 2018

 

Major products/revenue sources:

 

(in millions)

 

Click-based advertising and transaction revenue

 

$
189

 

Display-based advertising and subscription revenue

 

 
71

 

Other hotel revenue

 

 
39

 

  Total Hotel Revenue (1)

 

 
299

 

 

 

 

 

 

 

 

Non-Hotel Revenue (1)

 

 
79

 

 Total Revenue

 

$
378

 

 

(1)

TripAdvisor’s revenue is recognized primarily at a point in time for both Hotel and Non-Hotel revenue.
Schedule of contract balances

The following table provides information about the opening and closing balances of accounts receivables and contract assets from contracts with customers (in millions):

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

2018

 

2017

Accounts receivable

 

$
269

 
230

Contract assets

 

 
12

 

 —

 Total

 

$
281

 
230

 

ASU 2014-09  
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]  
Schedule of impact of adoption of ASC 606

 

 

 

 

 

 

 

 

 

 

 

 

As Reported - ASC 606
March 31, 2018

 

Impact of Accounting under ASC 606

 

Adjusted - ASC 605
March 31, 2018

 

 

(in millions)

Revenue

 

$

378

 

$

(4)

 

$

374

Operating income

 

 

23

 

 

(4)

 

 

19

Earnings (loss) before income taxes

 

 

21

 

 

(4)

 

 

17

Income tax (expense) benefit

 

 

(16)

 

 

 1

 

 

(15)

Net earnings (loss)

 

 

 5

 

 

(3)

 

 

 2