TripAdvisor (TRIP) FY2018 results: revenue $1.6 billion, up 3.8% on the year
TripAdvisor, Inc. (TRIP) reported revenue of $1.6 billion for fiscal 2018, the year ended 31 December 2018, up 3.8% on the year before. Net income was $113 million, and diluted earnings per share $0.81. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$1.6 billion
+3.8% on the year
FY2011FY2018
Operating margin
11.3%
8.0% a year earlier
FY2011FY2018
Net income
$113 million
FY2011FY2018
Diluted EPS
$0.81
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,615
1,556
1,480
+3.8%
Cost of revenue
86.0
72.0
n/a
+19.4%
Gross profit
1,529
1,484
n/a
+3.0%
Gross margin
94.7%
95.4%
n/a
Operating income
183
124
166
+47.6%
Operating margin
11.3%
8.0%
11.2%
Interest expense
12.0
15.0
12.0
-20.0%
Pre-tax income
173
110
151
+57.3%
Income tax
60.0
129
31.0
-53.5%
Effective tax rate
34.7%
117.3%
20.5%
Net income
113
-19.0
120
Net margin
7.0%
-1.2%
8.1%
Diluted EPS
$0.81
-$0.14
$0.82
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
405
238
321
+70.2%
Capital expenditure
61.0
64.0
72.0
-4.7%
Free cash flow
344
174
249
+97.7%
Free cash flow margin
21.3%
11.2%
16.8%
Cash from investing
-49.0
6.0
-163
Cash from financing
-358
-200
-143
Depreciation and amortisation
116
111
101
+4.5%
Share-based compensation
118
96.0
85.0
+22.9%
Buybacks
100
250
105
-60.0%
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
140m
140m
147m
-0.0%
Shares outstanding at period end
125m
126m
131m
-0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,471
1,363
1,502
+7.9%
Short-term borrowings
n/a
7.0
n/a
Debt
0.0
230
171
Other liabilities
696
672
565
+3.6%
Total liabilities and equity
2,167
2,272
2,238
-4.6%
Fixed assets
253
263
260
-3.8%
Goodwill
756
758
736
-0.3%
Intangible assets
118
142
167
-16.9%
Investments
15.0
62.0
134
-75.8%
Cash and equivalents
655
673
612
-2.7%
Receivables
205
230
189
-10.9%
Other assets
165
144
140
+14.6%
Total assets
2,167
2,272
2,238
-4.6%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.