TripAdvisor (TRIP) FY2023 results: revenue $1.8 billion, up 19.8% on the year
TripAdvisor, Inc. (TRIP) reported revenue of $1.8 billion for fiscal 2023, the year ended 31 December 2023, up 19.8% on the year before. Net income was $10 million, down 50.0%, and diluted earnings per share $0.08. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$1.8 billion
+19.8% on the year
FY2016FY2023
Operating margin
7.0%
6.8% a year earlier
FY2016FY2023
Net income
$10 million
-50.0% on the year
FY2016FY2023
Diluted EPS
$0.08
-42.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
235
400
108
-41.2%
Capital expenditure
63.0
56.0
54.0
+12.5%
Free cash flow
172
344
54.0
-50.0%
Free cash flow margin
9.6%
23.1%
6.0%
Cash from investing
-63.0
-52.0
-54.0
Cash from financing
-127
-27.0
263
Depreciation and amortisation
87.0
97.0
111
-10.3%
Share-based compensation
96.0
88.0
120
+9.1%
Buybacks
100
0.0
0.0
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
145m
146m
137m
-0.6%
Shares outstanding at period end
125m
128m
126m
-2.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
871
861
789
+1.2%
Short-term borrowings
0.0
n/a
n/a
Debt
839
836
833
+0.4%
Operating lease liabilities
6.0
15.0
29.0
-60.0%
Finance lease liabilities
51.0
58.0
65.0
-12.1%
Other liabilities
770
799
573
-3.6%
Total liabilities and equity
2,537
2,569
2,289
-1.2%
Fixed assets
191
194
215
-1.5%
Goodwill
829
822
843
+0.9%
Intangible assets
43.0
51.0
65.0
-15.7%
Investments
0.0
0.0
0.0
Cash and equivalents
1,067
1,021
723
+4.5%
Receivables
192
205
105
-6.3%
Other assets
215
276
338
-22.1%
Total assets
2,537
2,569
2,289
-1.2%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.