Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net earnings (loss) $ (116) $ (9) $ (1,581)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities      
Depreciation and amortization 169 160 213
Stock-based compensation 131 123 103
Impairment of intangible assets (note 6) 288   1,798
Realized and unrealized (gains) losses on financial instruments, net (36) 59 (24)
Deferred income tax expense (benefit) (79) (8) (329)
Other charges (credits), net (18) 10 25
Changes in operating assets and liabilities      
Current and other assets 52 38 (71)
Payables and other liabilities   27 85
Net cash provided (used) by operating activities 391 400 219
Cash flows from investing activities:      
Capital expended for property and equipment, including internal-use software and website development (83) (61) (65)
Acquisitions, net of cash acquired (note 3) (108) (24)  
Purchases of short term investments and other marketable securities (133) (16) (63)
Sales and maturities of short term investments and other marketable securities 150 64 133
Other investing activities, net (2) (12) (6)
Net cash provided (used) by investing activities (176) (49) (1)
Cash flows from financing activities:      
Borrowings of debt 235 7 435
Repayments of debt (359) (245) (369)
Cash dividend paid by Tripadvisor to noncontrolling interests (note 10) (380)    
Shares repurchased by subsidiary (note 10) (60) (100) (250)
Payment of withholding taxes on net share settlements of equity awards (29) (26) (17)
Derivative proceeds from counterparties 71    
Other financing activities, net (20) 6 2
Net cash provided (used) by financing activities (542) (358) (199)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (4) (16) 17
Net increase (decrease) in cash, cash equivalents and restricted cash (331) (23) 36
Cash, cash equivalents and restricted cash at beginning of period 672 695 659
Cash, cash equivalents and restricted cash at end of period $ 341 $ 672 $ 695