← TripAdvisor, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $120.0m ($19.0m) $113.0m $126.0m ($289.0m) ($148.0m) $20.0m $10.0m $5.0m $40.0m —
Depreciation and amortization — — $116.0m $126.0m $125.0m $111.0m $97.0m $87.0m $85.0m $92.0m $94.8m
Amortization $53.0m $62.0m $67.0m $73.0m $70.0m $67.0m — — — — $2.2m
Amortization of Intangible Assets $32.0m $32.0m $34.0m $33.0m $26.0m $20.0m $13.0m $9.0m $6.0m $3.0m —
Depreciation $69.0m $79.0m $82.0m $93.0m $125.0m $111.0m $97.0m $87.0m $85.0m $92.0m $93.0m
Amortization Cash Flow — — — — — — $13.0m $8.8m $6.5m $2.8m —
Amortization Of Intangibles — — — — — — $13.0m $8.8m $6.5m $2.8m $2.2m
Deferred Income Tax Expense (Benefit) ($20.0m) $29.0m ($6.0m) $6.0m ($1.0m) ($44.0m) ($19.0m) ($25.0m) ($14.0m) ($2.0m) ($4.0m)
Deferred Tax — — — — — — ($19.0m) ($25.0m) ($14.0m) ($2.0m) ($4.0m)
Share-based Payment Arrangement, Noncash Expense $85.0m $96.0m $118.0m $124.0m $109.0m $120.0m $88.0m $96.0m $120.0m $108.0m $91.8m
Payment, Tax Withholding, Share-based Payment Arrangement $15.0m $17.0m $26.0m $29.0m $21.0m $44.0m $20.0m $17.0m $21.0m $20.0m —
Share-based Payment Arrangement, Expense $85.0m $96.0m $118.0m $124.0m $109.0m $120.0m $88.0m $96.0m $120.0m $108.0m $91.8m
Stock-based compensation expense (Note 13) $85.0m $96.0m $118.0m $124.0m $109.0m $120.0m $88.0m $96.0m $120.0m $108.0m $91.8m
Stock-based compensation capitalized website development costs (Note 13) $12.0m $13.0m $13.0m $19.0m $15.0m $13.0m $10.0m $10.0m $13.0m $12.0m $91.8m
Goodwill, Impairment Loss $0 $0 $0 $0 $3.0m $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — $0 $0 $0 $0 $0 $0 $0 $0 $0 —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 — — — $0 $0 $0 $0 $0 $0 —
Asset Impairment Charge — — — — — $0 $0 — — — $0
Income (Loss) from Equity Method Investments — — — ($1.0m) ($3.0m) ($3.0m) ($2.0m) ($2.0m) ($2.0m) ($2.0m) —
Nonoperating Income (Expense) ($15.0m) ($14.0m) ($10.0m) $7.0m ($40.0m) ($54.0m) ($34.0m) ($1.0m) ($5.0m) ($35.0m) —
Other Nonoperating Income (Expense) ($3.0m) $1.0m $2.0m ($3.0m) ($8.0m) ($10.0m) ($5.0m) ($4.0m) ($7.0m) ($12.0m) —
Change In Working Capital — — — — — — $201.0m $52.0m ($69.0m) ($19.0m) ($600k)
Accounts Receivable, Credit Loss Expense (Reversal) — — — — $17.0m $3.0m $6.0m $6.0m $8.0m $8.0m $900k
Accounts receivable, prepaid expenses and other assets ($24.0m) ($36.0m) ($8.0m) $23.0m $92.0m ($73.0m) ($87.0m) $6.0m ($24.0m) ($8.0m) $900k
Income tax receivables/payables, net $20.0m $38.0m $13.0m $17.0m ($81.0m) $1.0m $107.0m ($1.0m) ($75.0m) ($23.0m) —
Change In Receivables — — — — — — ($87.0m) $6.0m ($24.0m) ($8.0m) $900k
Changes In Account Receivables — — — — — — ($87.0m) $6.0m ($24.0m) ($8.0m) $900k
Accounts payable, accrued expenses and other liabilities $7.0m — $22.0m ($1.0m) ($28.0m) $30.0m $72.0m $11.0m $13.0m ($46.0m) ($23.2m)
Deferred merchant payables $21.0m $14.0m $14.0m ($3.0m) ($124.0m) $81.0m $99.0m $32.0m $19.0m $52.0m —
Purchases of property and equipment, accrued but unpaid $72.0m $64.0m $61.0m $83.0m $55.0m — — — — — ($70.2m)
Deferred revenue $1.0m ($5.0m) $5.0m ($2.0m) ($34.0m) $8.0m $10.0m $4.0m ($2.0m) $6.0m —
Other Operating Income (Expense), Net — — — — ($4.0m) ($3.0m) $2.0m $3.0m ($1.0m) ($1.0m) —
Net Cash Provided by (Used in) Operating Activities $321.0m
$238.0m -25.86%
$405.0m +70.17%
$424.0m +4.69%
($194.0m) -145.75%
$108.0m +155.67%
$400.0m +270.37%
$235.0m -41.25%
$144.0m -38.72%
$245.0m +70.14%
$192.7m -21.35%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $72.0m $64.0m $61.0m $83.0m $55.0m — ($56.0m) ($63.0m) ($74.0m) ($82.0m) ($70.2m)
Capital expenditures, including capitalized website development — — — ($83.0m) ($55.0m) ($54.0m) ($56.0m) ($63.0m) ($74.0m) ($82.0m) ($70.2m)
Capital Expenditure Reported $72.0m $64.0m $61.0m $83.0m $55.0m $54.0m ($56.0m) ($63.0m) ($74.0m) ($82.0m) ($70.2m)
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $32.0m $28.0m $5.0m $70.0m — — — — — — —
Payments to Acquire Businesses, Net of Cash Acquired — — $24.0m $110.0m $4.0m — $0 — — — $0
Payments for (Proceeds from) Other Investing Activities ($2.0m) — $12.0m — ($3.0m) — ($4.0m) $0 ($1.0m) $2.0m —
Other investing activities, net $2.0m — ($12.0m) — $3.0m $0 $4.0m $0 $1.0m ($2.0m) —
Net Other Investing Changes — — — — — — $4.0m — $1.0m ($2.0m) ($2.0m)
Net Cash Provided by (Used in) Investing Activities ($163.0m) $6.0m ($49.0m) ($176.0m) ($56.0m) ($54.0m) ($52.0m) ($63.0m) ($73.0m) ($84.0m) ($70.0m)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt — — — — — — — — ($2.0m) $0 —
Issuance Of Debt — — — — — — $0 $0 $493.0m $341.0m ($400k)
Long Term Debt Issuance — — — — — — $0 $0 $493.0m $341.0m ($400k)
Long Term Debt Payments — — — — — — ($7.0m) ($7.0m) ($509.0m) ($17.0m) ($362.0m)
Net Issuance Payments Of Debt — — — — — — ($7.0m) ($7.0m) ($16.0m) $324.0m ($362.4m)
Net Long Term Debt Issuance — — — — — — ($7.0m) ($7.0m) ($16.0m) $324.0m ($362.4m)
Repayment Of Debt — — — — — — ($7.0m) ($7.0m) ($509.0m) ($17.0m) ($362.0m)
Payments for Repurchase of Common Stock $105.0m $250.0m $100.0m $60.0m $115.0m — $0 $100.0m $25.0m $90.0m —
Payments of Ordinary Dividends, Common Stock — — — $488 — — — — — — —
Repurchase of common stock related to Merger, including transaction costs (Note 1) — — — — — — — $0 $0 ($411.0m) —
Repurchase of common stock under the share repurchase program (Note 14) ($105.0m) ($250.0m) ($100.0m) ($60.0m) ($115.0m) $0 $0 ($100.0m) ($25.0m) ($90.0m) —
Issuance of common stock related to Merger (Note 1) — — — — — — — $0 $0 $39.0m —
Common Stock Payments — — — — — — $0 ($100.0m) ($25.0m) ($501.0m) ($50.3m)
Net Common Stock Issuance — — — — — — $0 ($100.0m) ($25.0m) ($501.0m) ($50.3m)
Repurchase Of Capital Stock — — — — — — $0 ($100.0m) ($25.0m) ($501.0m) ($50.3m)
Payment of withholding taxes on net share settlements of equity awards ($15.0m) ($17.0m) ($26.0m) ($29.0m) ($21.0m) ($44.0m) ($20.0m) ($17.0m) ($21.0m) ($20.0m) —
Payments of finance lease obligation and other financing activities, net (Note 5) — — — — ($6.0m) ($6.0m) ($7.0m) ($7.0m) ($8.0m) ($8.0m) —
Net Other Financing Charges — — — — — — ($20.0m) ($20.0m) ($22.0m) ($20.0m) ($15.8m)
Net Cash Provided by (Used in) Financing Activities ($143.0m)
($200.0m) -39.86%
($358.0m) -79.00%
($580.0m) -62.01%
$341.0m +158.79%
$263.0m -22.87%
($27.0m) -110.27%
($127.0m) -370.37%
($63.0m) +50.39%
($197.0m) -212.70%
($428.5m) -117.51%
Net increase (decrease) in cash, cash equivalents, and restricted cash ($2.0m) $61.0m ($18.0m) ($336.0m) $99.0m $305.0m $298.0m $46.0m ($3.0m) ($29.0m) —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($18.0m) ($336.0m) $99.0m $305.0m $298.0m $46.0m ($3.0m) ($29.0m) $915.6m
Cash, cash equivalents, and restricted cash at beginning of period $612.0m $673.0m $655.0m $319.0m $418.0m $723.0m $1.0b $1.1b $1.1b $1.0b —
Beginning Cash Position — — — — — — $723.0m $1.0b $1.1b $1.1b $1.2b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $655.0m $319.0m $418.0m $723.0m $1.0b $1.1b $1.1b $1.0b $915.6m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($16.0m) ($4.0m) $8.0m ($12.0m) ($23.0m) $1.0m ($11.0m) $7.0m ($20.1m)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash ($17.0m) $17.0m ($16.0m) ($4.0m) $8.0m ($12.0m) ($23.0m) $1.0m ($11.0m) $7.0m ($20.1m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $10.0m $13.0m $8.0m $6.0m $13.0m $43.0m $40.0m $39.0m $58.0m $59.0m —
Income Taxes Paid, Net $29.0m $62.0m $53.0m $47.0m $3.0m $5.0m ($40.0m) $140.0m $170.0m $29.0m —
Noncash investing and financing activities:
Additional Financial Items
Derivative, Gain (Loss) on Derivative, Net $2.0m ($1.0m) ($3.0m) $1.0m $1.0m $2.0m $4.0m — $1.0m ($2.0m) —
Foreign Currency Transaction Gain (Loss), before Tax ($4.0m) $1.0m ($6.0m) ($2.0m) $5.0m ($4.0m) ($5.0m) ($5.0m) ($2.0m) ($9.0m) —
Gain (Loss) on Disposition of Business — — — — ($6.0m) — $0 — — — —
General and Administrative Expense $143.0m $157.0m $177.0m $187.0m $173.0m $167.0m $172.0m $191.0m $91.0m $68.0m —
Goodwill $736.0m $758.0m $756.0m $840.0m $862.0m $843.0m $822.0m $829.0m $814.0m $844.0m $0
Income Tax Expense (Benefit) $31.0m $129.0m $60.0m $68.0m ($80.0m) ($37.0m) $47.0m $115.0m $82.0m $5.0m —
Interest Expense Nonoperating — — — — — — — — $46.0m $63.0m —
Investment Income, Interest — — — $17.0m $3.0m $1.0m $15.0m $47.0m $48.0m $40.0m —
Provision for expected credit losses (Note 2) — — $11.0m $11.0m $17.0m $3.0m $6.0m $6.0m $8.0m $8.0m —
Other, net $10.0m $10.0m $7.0m ($3.0m) $11.0m $19.0m $7.0m $9.0m $9.0m $18.0m —
Proceeds from the issuance of Term Loan B Facility, net of financing costs (Note 8) $174.0m $433.0m $5.0m — $0 $340.0m $0 $0 $493.0m $341.0m —
Payment of 2025 Senior Notes (Note 8) — — — — — — $0 $0 ($500.0m) $0 —
Payment of financing costs related to Credit Facility (Note 8) — — — — ($7.0m) ($5.0m) $0 ($3.0m) ($8.0m) $0 —
Principal payments on Term Loan B Facility (Note 8) — — — — — — $0 $0 ($1.0m) ($9.0m) —
Net operating loss carryforwards retained related to Merger (Note 1) — — — — — — — $0 $0 $13.0m —
Cash Flow From Continuing Financing Activities — — — — — — ($27.0m) ($127.0m) ($63.0m) ($197.0m) ($428.5m)
Cash Flow From Continuing Investing Activities — — — — — — ($52.0m) ($63.0m) ($73.0m) ($84.0m) ($70.0m)
Change In Account Payable — — — — — — $72.0m $11.0m $13.0m ($46.0m) ($23.2m)
Change In Cash Supplemental As Reported — — — — — — $298.0m $46.0m ($3.0m) ($29.0m) —
Change In Other Working Capital — — — — — — $216.0m $35.0m ($58.0m) $35.0m $12.1m
Change In Payable — — — — — — $72.0m $11.0m $13.0m ($46.0m) ($23.2m)
Changes In Cash — — — — — — $321.0m $45.0m $8.0m ($36.0m) ($296.3m)
End Cash Position — — — — — — $1.0b $1.1b $1.1b $1.0b $915.6m
Financing Cash Flow — — — — — — ($27.0m)
($127.0m) -370.37%
($63.0m) +50.39%
($197.0m) -212.70%
($428.5m) -117.51%
Free Cash Flow — — — — — — $344.0m $172.0m $70.0m $163.0m $132.8m
Gain Loss On Sale Of Business — — — — — $0 $0 — — — $0
Investing Cash Flow — — — — — — ($52.0m) ($63.0m) ($73.0m) ($84.0m) ($70.0m)
Net Business Purchase And Sale — — — — — $0 $0 — — — $0
Other Non Cash Items — — — — — — $7.0m $9.0m $9.0m $18.0m —
Proceeds From Stock Option Exercised — — — — — $8.0m $0 $0 — — —
Provisionand Write Offof Assets — — — — — — $6.0m $6.0m $8.0m $8.0m $8.0m
Purchase Of Business — — — — — $0 $0 — — — $0
Stock Based Compensation — — — — — — $88.0m $96.0m $120.0m $108.0m $91.8m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.