$TRIP
TripAdvisor, Inc.
CIK:0001526520|SEC Filings
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions |
6 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Operating activities: | ||
| Net Income (Loss) | $ (10.0) | $ 25.0 |
| Less: Net income (loss) from discontinued operations, net of tax | (2.2) | (8.7) |
| Net income (loss) from continuing operations | (7.8) | 33.7 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities - continuing operations: | ||
| Depreciation and amortization | 37.6 | 34.8 |
| Stock-based compensation expense (Note 10) | 35.3 | 51.5 |
| Other, net | (0.9) | 14.9 |
| Changes in operating assets and liabilities, net: | ||
| Accounts receivable, net, prepaid expenses and other assets | (63.4) | (72.3) |
| Accounts payable, accrued expenses and other liabilities | 52.4 | 20.0 |
| Deferred merchant payables | 183.0 | 202.2 |
| Income tax receivables/payables, net | (15.4) | (15.4) |
| Deferred revenue | 31.6 | 35.3 |
| Net cash provided by (used in) operating activities - continuing operations | 252.4 | 304.7 |
| Net cash provided by (used in) operating activities - discontinued operations | 9.1 | (1.2) |
| Net cash provided by (used in) operating activities | 261.5 | 303.5 |
| Investing activities: | ||
| Capital expenditures, including capitalized website development | (22.5) | (34.3) |
| Other investing activities, net | 0.0 | (2.2) |
| Net cash provided by (used in) investing activities - continuing operations | (22.5) | (36.5) |
| Net cash provided by (used in) investing activities - discontinued operations | (10.7) | (9.6) |
| Net cash provided by (used in) investing activities | (33.2) | (46.1) |
| Financing activities: | ||
| Proceeds from the issuance of Term Loan B Facility, net of financing costs (Note 7) | 0.0 | 341.4 |
| Repayment of 2026 Senior Notes (Note 7) | (345.0) | 0.0 |
| Principal payments on Term Loan B Facility (Note 7) | (4.3) | (4.3) |
| Repurchase of common stock related to Merger, including transaction costs (Note 1) | 0.0 | (410.7) |
| Repurchase of common stock under the share repurchase program (Note 11) | 0.0 | (40.0) |
| Payment of withholding taxes on net share settlements of equity awards | (5.9) | (10.1) |
| Payments of finance lease obligation | (3.9) | (3.9) |
| Net cash provided by (used in) financing activities - continuing operations | (359.1) | (127.6) |
| Net cash provided by (used in) financing activities - discontinued operations | (1.6) | (1.9) |
| Net cash provided by (used in) financing activities | (360.7) | (129.5) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (7.4) | 19.7 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (139.8) | 147.6 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,034.9 | 1,064.3 |
| Cash, cash equivalents and restricted cash at end of period | 895.1 | 1,211.9 |
| Less: Cash, cash equivalents and restricted cash at end of period from discontinued operations | 51.9 | 56.4 |
| Cash, cash equivalents and restricted cash at end of period from continuing operations | 843.2 | 1,155.5 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for income taxes, net of refunds | 4.4 | 15.5 |
| Cash paid during the period for interest | 28.6 | 26.8 |
| Supplemental disclosure of non-cash flow financing activities: | ||
| Issuance of common stock related to Merger (Note 1) | 0.0 | 38.9 |
| Net operating loss carryforwards retained related to Merger (Note 1) | $ 0.0 | $ 13.1 |
Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents (Note 5) | $ 843.2 | $ 978.0 |
| Accounts receivable, net of allowance for expected credit losses of $14.1 and $15.4, respectively (Note 5) | 231.3 | 174.8 |
| Prepaid expenses and other current assets | 45.4 | 40.8 |
| Current assets - held for sale from discontinued operations (Note 3) | 283.6 | 97.1 |
| Total current assets | 1,403.5 | 1,290.7 |
| Property and equipment, net of accumulated depreciation of $564.1 and $537.7, respectively | 153.5 | 164.3 |
| Operating lease right-of-use assets | 29.5 | 31.2 |
| Intangible assets, net of accumulated amortization of $120.7 and $119.6, respectively | 32.3 | 33.0 |
| Goodwill | 724.1 | 724.2 |
| Non-marketable investments (Note 5) | 27.3 | 27.9 |
| Deferred income taxes, net | 128.1 | 127.9 |
| Other long-term assets | 33.0 | 34.4 |
| Noncurrent assets - held for sale from discontinued operations (Note 3) | 0.0 | 191.8 |
| TOTAL ASSETS | 2,531.3 | 2,625.4 |
| Current liabilities: | ||
| Accounts payable | 75.4 | 16.3 |
| Deferred merchant payables | 484.2 | 308.1 |
| Deferred revenue (Note 4) | 85.0 | 53.3 |
| Current portion of debt (Note 7) | 8.5 | 353.2 |
| Income taxes payable (Note 8) | 10.1 | 10.9 |
| Accrued expenses and other current liabilities (Note 6) | 175.2 | 200.3 |
| Current liabilities - held for sale from discontinued operations (Note 3) | 60.5 | 56.3 |
| Total current liabilities | 898.9 | 998.4 |
| Long-term debt (Note 7) | 815.9 | 819.0 |
| Finance lease obligation, net of current portion | 31.5 | 35.6 |
| Operating lease liabilities, net of current portion | 25.5 | 27.4 |
| Deferred income taxes, net | 1.1 | 1.1 |
| Other long-term liabilities | 95.9 | 95.8 |
| Noncurrent liabilities - held for sale from discontinued operations (Note 3) | 0.0 | 3.2 |
| Total Liabilities | 1,868.8 | 1,980.5 |
| Commitments and contingencies (Note 9) | ||
| Stockholders' equity: (Note 11) | ||
| Preferred stock, $0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0, respectively | 0.0 | 0.0 |
| Common stock | 0.1 | 0.1 |
| Additional paid-in capital | 497.5 | 460.3 |
| Retained earnings | 306.6 | 316.6 |
| Accumulated other comprehensive income (loss) | (51.5) | (41.9) |
| Treasury stock-common stock, at cost, 6,105,262 and 6,105,262 shares, respectively | (90.2) | (90.2) |
| Total Stockholders’ Equity | 662.5 | 644.9 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 2,531.3 | $ 2,625.4 |