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, 2019

Summary of Significant Accounting Policies

Property and equipment consists of the following (amounts in millions):


	December 31,
	2019		2018
Buildings (1)	$	—	123
Finance lease right-of-use asset (1)		114	—
Leasehold improvements		49	41
Computer equipment and purchased software		70	52
Furniture, office equipment and other		21	18
Total property and equipment	$	254	234

(1)

Refer to note 8 regarding the transition accounting related to the adoption of ASC 842 and subsequent accounting for Tripadvisor’s headquarters lease in Needham, Massachusetts (Tripadvisor’s “Headquarters Lease”).

Schedule of disaggregation of revenue



	Years ended December 31,
		2019	2018
	amounts in millions
Hotels, Media & Platform
Tripadvisor-branded hotels	$	779	848
Tripadvisor-branded display and platform		160	153
Total Hotels, Media & Platform		939	1,001

Experiences & Dining		456	372
Corporate and other		165	242
Total Revenue	$	1,560	1,615

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


	December 31,		December 31,
	2019		2018
Accounts receivable	$	176	205
Contract assets		7	7
Total	$	183	212

Schedule of contract balances



	Years ended December 31,
		2019	2018
	amounts in millions
Hotels, Media & Platform
Tripadvisor-branded hotels	$	779	848
Tripadvisor-branded display and platform		160	153
Total Hotels, Media & Platform		939	1,001

Experiences & Dining		456	372
Corporate and other		165	242
Total Revenue	$	1,560	1,615

Schedule of stock-based compensation expense

Included in the accompanying consolidated statements of operations are the following amounts of stock-based compensation for the years ended December 31, 2019, 2018 and 2017 (amounts in millions):


	December 31,
	2019		2018	2017
Operating expense	$	56	52	40
Selling, general and administrative		75	71	63
	$	131	123	103

Reconciliation of Basic and Diluted Weighted Average Shares


	Years ended December 31,
	2019	2018	2017
	number of shares in millions
Basic EPS	75	74	75
Potentially dilutive shares	—	—	—
Diluted EPS	75	74	75