Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Summary of Significant Accounting Policies  
Schedule of property and equipment

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

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2018

    

2017

 

Buildings

 

$

123

 

122

 

Leasehold improvements

 

 

41

 

39

 

Computer equipment and purchased software

 

 

52

 

46

 

Furniture, office equipment and other

 

 

18

 

19

 

Total property and equipment

 

$

234

 

226

 

 

Schedule of disaggregation of revenue

 

 

 

 

 

 

 

Year ended

 

 

 

December 31,

 

 

 

2018

    

Major products/revenue sources:

 

(in millions)

TripAdvisor-branded click-based advertising and transaction revenue

 

$

722

 

TripAdvisor-branded display-based advertising and subscription revenue

 

 

308

 

Other hotel revenue

 

 

127

 

  Total Hotel Revenue (1)

 

 

1,157

 

 

 

 

 

 

Non-Hotel Revenue (1)

 

 

458

 

 Total Revenue

 

$

1,615

 

 

(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):

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

December 31,

 

 

2018

 

 

2017

Accounts receivable

 

$

205

 

 

230

Contract assets

 

 

 7

 

 

 —

 Total

 

$

212

 

 

230

 

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, 2018, 2017 and 2016 (amounts in millions):

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2018

    

2017

 

2016

 

Operating expense

    

$

52

 

40

 

40

 

Selling, general and administrative

 

 

71

 

63

 

51

 

 

 

$

123

 

103

 

91

 

 

Reconciliation of Basic and Diluted Weighted Average Shares

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

 

2018

 

2017

 

2016

 

 

 

number of shares in millions

 

Basic EPS

 

74

 

75

 

75

 

Potentially dilutive shares

 

 —

 

 —

 

 —

 

Diluted EPS

 

74

 

75

 

75