Value Sense
TRIP
Tripadvisor, Inc. (TRIP)
Last Price$14.4(2.8%)
Market Cap$2,097.2M
LTM Revenue
$1,835.0M
+2.6% YoY
LTM Net Income
$59.0M
+490.0% YoY
LTM Net Debt
($161.0M)
Net Debt to FCF - (1.3x)
LTM Free Cash Flow (FCF)
$121.0M
6.6% margin

TRIP Income Statement

TRIP Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Revenue
$1,835.0M 2.6% YoY
Gross profit
$1,704.0M 4.0% YoY
92.9% margin
Cost of revenue
$131.0M (12.1%) YoY
Operating income
$92.0M (27.0%) YoY
5.0% margin
Other: $7,000.0K
Net interest: $2,000.0K
Operating expenses
$1,612.0M 6.5% YoY
Pre-tax income
$87.0M (30.4%) YoY
4.7% margin
Net income
$5,000.0K (50.0%) YoY
0.3% margin
Income tax
$82.0M
94.3% tax rate
SG&A
$1,415.0M 25.1% YoY
77.1% of revenue

TRIP Income statement key metrics

Annual
Quarterly
LTM

Revenue

$1,835.0M +2.6% YoY

Operating Income

$92.0M -27.0% YoY

Net Income

$5.0M -50.0% YoY

TRIP Balance Sheet

TRIP Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$2,561.0M
Current assets ($1,320.0M, 51.5% of total)
Cash & ST investments
$1,064.0M (41.5%)
Accounts receivables
$207.0M (8.1%)
Other current assets
$49.0M (1.9%)
Non-current assets ($1,241.0M, 48.5% of total)
Intangible assets
$36.0M (1.4%)
Other non-current assets
$958.0M (37.4%)
Financial position
Net Debt
($1,015.0M)
$1,064.0M$49.0M
Cash & Short-term Investments
Total Debt
Quick ratio
2.0x
Net Debt to Free Cash Flow
(14.5x)
Debt to Equity ratio
5.2%

TRIP Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$2,561.0M +0.9% YoY

Liabilities

$1,618.0M -2.9% YoY

Shareholder's Equity

$943.0M +8.3% YoY

TRIP Cash Flow Statement

TRIP Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$1,067.0M$144.0M($73.0M)($63.0M)($11.0M)$1,064.0M

TRIP Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$144.0M -38.7% YoY

Capital Expenditure (CAPEX)

($74.0M) -63.5% YoY

Free Cash Flow (FCF)

$70.0M -29.7% YoY

TRIP Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'08Dec'09Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Revenue
% growth
298.2
0.0%
352.1
18.1%
484.6
37.6%
637.1
31.5%
763.0
19.8%
944.7
23.8%
1,246.0
31.9%
1,492.0
19.7%
1,480.0
(0.8%)
1,556.0
5.1%
1,615.0
3.8%
1,560.0
(3.4%)
604.0
(61.3%)
902.0
49.3%
1,492.0
65.4%
1,788.0
19.8%
1,835.0
2.6%
Cost of Goods Sold (COGS)2.44.67.310.912.117.740.058.071.072.086.094.055.074.0116.0149.0131.0
Gross Profit
% margin
295.8
99.2%
347.5
98.7%
477.3
98.5%
626.2
98.3%
750.9
98.4%
926.9
98.1%
1,206.0
96.8%
1,434.0
96.1%
1,409.0
95.2%
1,484.0
95.4%
1,529.0
94.7%
1,466.0
94.0%
549.0
90.9%
828.0
91.8%
1,376.0
92.2%
1,639.0
91.7%
1,704.0
92.9%
Operating Expenses162.6172.4243.1337.3454.6632.4866.01,202.01,243.01,360.01,346.01,279.0834.0959.01,275.01,513.01,612.0
Research & Development Expenses (R&D)30.237.153.757.486.6130.7171.0207.0243.0243.0275.0294.0220.0212.0222.0273.00.0
Selling, General & Administrative Expenses (SG&A)121.2121.6174.8253.9428.5597.1801.01,109.01,142.01,249.01,230.01,153.0709.0848.0956.01,131.01,415.0
Operating Income
% margin
124.9
41.9%
168.2
47.8%
226.3
46.7%
272.8
42.8%
296.3
38.8%
294.6
31.2%
340.0
27.3%
232.0
15.5%
166.0
11.2%
124.0
8.0%
183.0
11.3%
187.0
12.0%
(285.0)
(47.2%)
(131.0)
(14.5%)
101.0
6.8%
126.0
7.0%
92.0
5.0%
Interest Income4.01.00.20.50.01.71.01.01.01.07.017.03.01.015.047.048.0
Interest Expense0.00.00.20.211.010.19.010.012.015.012.07.035.045.044.044.046.0
Pre-tax Income(119.1)(166.5)(224.4)271.9282.0284.7322.0239.0151.0110.0173.0194.0(369.0)(185.0)67.0125.087.0
Income Tax
% effective tax rate
46.8
(39.3%)
64.3
(38.6%)
85.5
(38.1%)
94.1
34.6%
87.4
31.0%
79.3
27.8%
96.0
29.8%
41.0
17.2%
31.0
20.5%
129.0
117.3%
60.0
34.7%
68.0
35.1%
(80.0)
21.7%
(37.0)
20.0%
47.0
70.1%
115.0
92.0%
82.0
94.3%
Net Income
% margin
72.4
24.3%
102.4
29.1%
138.8
28.6%
177.7
27.9%
194.1
25.4%
205.4
21.7%
226.0
18.1%
198.0
13.3%
120.0
8.1%
(19.0)
(1.2%)
113.0
7.0%
126.0
8.1%
(289.0)
(47.8%)
(148.0)
(16.4%)
20.0
1.3%
10.0
0.6%
5.0
0.3%
EPS0.540.771.041.331.391.441.581.380.83(0.14)0.820.91(2.14)(1.08)0.140.071.22
Diluted EPS0.540.771.041.321.371.411.551.360.82(0.14)0.810.90(2.14)(1.08)0.140.071.17
EBITDA
% margin
139.3
46.7%
190.7
54.1%
253.8
52.4%
297.9
46.8%
318.9
41.8%
330.0
34.9%
396.0
31.8%
342.0
22.9%
267.0
18.0%
235.0
15.1%
299.0
18.5%
327.0
21.0%
(209.0)
(34.6%)
(29.0)
(3.2%)
208.0
13.9%
256.0
14.3%
218.0
11.9%