TripAdvisor (TRIP) FY2016 results: revenue $1.5 billion, down 0.8% on the year
TripAdvisor, Inc. (TRIP) reported revenue of $1.5 billion for fiscal 2016, the year ended 31 December 2016, down 0.8% on the year before. Net income was $120 million, down 39.4%, and diluted earnings per share $0.82. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$1.5 billion
-0.8% on the year
FY2009FY2016
Operating margin
11.2%
15.5% a year earlier
FY2009FY2016
Net income
$120 million
-39.4% on the year
FY2009FY2016
Diluted EPS
$0.82
-39.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,480
1,492
1,246
-0.8%
Operating income
166
232
340
-28.4%
Operating margin
11.2%
15.5%
27.3%
Interest expense
12.0
10.0
9.0
+20.0%
Pre-tax income
151
239
322
-36.8%
Income tax
31.0
41.0
96.0
-24.4%
Effective tax rate
20.5%
17.2%
29.8%
Net income
120
198
226
-39.4%
Net margin
8.1%
13.3%
18.1%
Diluted EPS
$0.82
$1.36
$1.55
-39.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
321
n/a
n/a
Capital expenditure
72.0
109
81.0
-33.9%
Free cash flow
249
n/a
n/a
Free cash flow margin
16.8%
n/a
n/a
Cash from investing
-163
n/a
n/a
Cash from financing
-143
n/a
n/a
Depreciation and amortisation
101
93.0
65.0
+8.6%
Share-based compensation
85.0
72.0
63.0
+18.1%
Buybacks
105
n/a
n/a
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
147m
146m
146m
+0.6%
Shares outstanding at period end
131m
132m
130m
-0.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,502
1,412
1,125
+6.4%
Short-term borrowings
n/a
1.0
n/a
Debt
171
200
337
-14.5%
Other liabilities
565
515
486
+9.7%
Total liabilities and equity
2,238
2,128
1,948
+5.2%
Fixed assets
260
247
195
+5.3%
Goodwill
736
732
734
+0.5%
Intangible assets
167
176
214
-5.1%
Investments
134
84.0
139
+59.5%
Cash and equivalents
612
614
455
-0.3%
Receivables
189
180
151
+5.0%
Other assets
140
95.0
60.0
+47.4%
Total assets
2,238
2,128
1,948
+5.2%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.