TripAdvisor (TRIP) FY2015 results: revenue $1.5 billion, up 19.7% on the year
TripAdvisor, Inc. (TRIP) reported revenue of $1.5 billion for fiscal 2015, the year ended 31 December 2015, up 19.7% on the year before. Net income was $198 million, down 12.4%, and diluted earnings per share $1.36. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$1.5 billion
+19.7% on the year
FY2009FY2015
Operating margin
15.5%
27.3% a year earlier
FY2009FY2015
Net income
$198 million
-12.4% on the year
FY2009FY2015
Diluted EPS
$1.36
-12.3% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,492
1,246
945
+19.7%
Operating income
232
340
295
-31.8%
Operating margin
15.5%
27.3%
31.2%
Interest expense
10.0
9.0
10.0
+11.1%
Pre-tax income
239
322
284
-25.8%
Income tax
41.0
96.0
79.0
-57.3%
Effective tax rate
17.2%
29.8%
27.8%
Net income
198
226
205
-12.4%
Net margin
13.3%
18.1%
21.7%
Diluted EPS
$1.36
$1.55
$1.41
-12.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
n/a
n/a
350
Capital expenditure
109
81.0
55.0
+34.6%
Free cash flow
n/a
n/a
295
Free cash flow margin
n/a
n/a
31.2%
Cash from investing
n/a
n/a
-197
Cash from financing
n/a
n/a
-170
Depreciation and amortisation
93.0
65.0
36.0
+43.1%
Share-based compensation
72.0
63.0
49.0
+14.3%
Buybacks
n/a
n/a
145
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
146m
146m
145m
+0.1%
Shares outstanding at period end
132m
130m
129m
+1.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,412
1,125
864
+25.5%
Short-term borrowings
1.0
n/a
n/a
Debt
200
337
368
-40.7%
Other liabilities
515
486
241
+6.0%
Total liabilities and equity
2,128
1,948
1,473
+9.2%
Fixed assets
247
195
82.0
+26.7%
Goodwill
732
734
502
-0.3%
Intangible assets
176
214
52.0
-17.8%
Investments
84.0
139
320
-39.6%
Cash and equivalents
614
455
351
+34.9%
Receivables
180
151
113
+19.2%
Other assets
95.0
60.0
53.3
+58.3%
Total assets
2,128
1,948
1,473
+9.2%
10-K for the year ended 31 December 2015, filed 18 February 2016: the filing.