Quarterly report pursuant to Section 13 or 15(d)

Recent Accounting Pronouncements (Tables)

v3.10.0.1
Recent Accounting Pronouncements (Tables)
9 Months Ended
Sep. 30, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]  
Schedule of disaggregation of revenue

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

September 30,

 

September 30,

 

 

2018

    

2018

Major products/revenue sources:

 

(in millions)

TripAdvisor-branded click-based advertising and transaction revenue

 

$

194

 

583

TripAdvisor-branded display-based advertising and subscription revenue

 

 

81

 

231

Other hotel revenue

 

 

30

 

103

  Total Hotel Revenue (1)

 

 

305

 

917

 

 

 

 

 

 

Non-Hotel Revenue (1)

 

 

153

 

352

 Total Revenue

 

$

458

 

1,269


(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):

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2018

 

2017

Accounts receivable

 

$

227

 

230

Contract assets

 

 

10

 

 —

 Total

 

$

237

 

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

 

 

 

 

Adjusted - ASC 605

 

 

Three months ended

 

Impact of Accounting

 

Three months ended

 

 

September 30, 2018

 

under ASC 606

 

September 30, 2018

 

 

(in millions)

Revenue

 

$

458

 

$

 3

 

$

461

Operating income

 

 

76

 

 

 3

 

 

79

Earnings (loss) before income taxes

 

 

78

 

 

 3

 

 

81

Income tax (expense) benefit

 

 

(21)

 

 

 -

 

 

(21)

Net earnings (loss)

 

 

57

 

 

 3

 

 

60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As Reported - ASC 606

 

 

 

 

Adjusted - ASC 605

 

 

Nine months ended

 

Impact of Accounting

 

Nine months ended

 

 

September 30, 2018

 

under ASC 606

 

September 30, 2018

 

 

(in millions)

Revenue

 

$

1,269

 

$

(3)

 

$

1,266

Operating income

 

 

119

 

 

(3)

 

 

116

Earnings (loss) before income taxes

 

 

45

 

 

(3)

 

 

42

Income tax (expense) benefit

 

 

(45)

 

 

 1

 

 

(44)

Net earnings (loss)

 

 

 -

 

 

(2)

 

 

(2)