TripAdvisor (TRIP) FY2017 results: revenue $1.6 billion, up 5.1% on the year
TripAdvisor, Inc. (TRIP) reported revenue of $1.6 billion for fiscal 2017, the year ended 31 December 2017, up 5.1% on the year before. Net income was -$19 million, and diluted earnings per share $-0.14. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$1.6 billion
+5.1% on the year
FY2010FY2017
Operating margin
8.0%
11.2% a year earlier
FY2010FY2017
Net income
-$19 million
FY2010FY2017
Diluted EPS
-$0.14
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,556
1,480
1,492
+5.1%
Cost of revenue
72.0
n/a
n/a
Gross profit
1,484
n/a
n/a
Gross margin
95.4%
n/a
n/a
Operating income
124
166
232
-25.3%
Operating margin
8.0%
11.2%
15.5%
Interest expense
15.0
12.0
10.0
+25.0%
Pre-tax income
110
151
239
-27.2%
Income tax
129
31.0
41.0
+316.1%
Effective tax rate
117.3%
20.5%
17.2%
Net income
-19.0
120
198
Net margin
-1.2%
8.1%
13.3%
Diluted EPS
-$0.14
$0.82
$1.36
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
238
321
n/a
-25.9%
Capital expenditure
64.0
72.0
109
-11.1%
Free cash flow
174
249
n/a
-30.1%
Free cash flow margin
11.2%
16.8%
n/a
Cash from investing
6.0
-163
n/a
Cash from financing
-200
-143
n/a
Depreciation and amortisation
111
101
93.0
+9.9%
Share-based compensation
96.0
85.0
72.0
+12.9%
Buybacks
250
105
n/a
+138.1%
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
140m
147m
146m
-4.4%
Shares outstanding at period end
126m
131m
132m
-3.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,363
1,502
1,412
-9.3%
Short-term borrowings
7.0
n/a
1.0
Debt
230
171
200
+34.5%
Other liabilities
672
565
515
+18.9%
Total liabilities and equity
2,272
2,238
2,128
+1.5%
Fixed assets
263
260
247
+1.2%
Goodwill
758
736
732
+3.0%
Intangible assets
142
167
176
-15.0%
Investments
62.0
134
84.0
-53.7%
Cash and equivalents
673
612
614
+10.0%
Receivables
230
189
180
+21.7%
Other assets
144
140
95.0
+2.9%
Total assets
2,272
2,238
2,128
+1.5%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.