TripAdvisor 2011 Annual Report Download - page 73

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Table of Contents
TRIPADVISOR, INC.
CONSOLIDATED AND COMBINED BALANCE SHEETS
(in thousands, except share data)
The accompanying notes are an integral part of these consolidated and combined financial statements.
69
December 31,
2011
2010
ASSETS
Current assets:
Cash and cash equivalents
$
183,532
$
93,133
Short
-
term investments
—
20,297
Accounts receivable, net of allowance of $5,370 and $5,184 at December 31, 2011 and 2010,
respectively
67,936
51,150
Receivable from Expedia, net
14,081
—
Deferred income taxes, net
6,494
7,954
Prepaid expenses and other current assets
6,279
4,267
Total current assets
278,322
176,801
Property and equipment, net
34,754
30,744
Other long
-
term assets
11,888
4,640
Intangible assets, net
44,030
50,094
Goodwill
466,892
460,610
TOTAL ASSETS
$
835,886
$
722,889
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable
$
12,097
$
6,768
Payable to Expedia, net
—
18,860
Deferred revenue
19,395
12,119
Credit facility borrowings
26,734
1,779
Borrowings, current
20,000
—
Taxes payable
17,229
65,034
Accrued expenses and other current liabilities
34,938
38,129
Total current liabilities
130,393
142,689
Long
-
term liabilities:
Deferred income taxes, net
16,004
28,888
Other long
-
term liabilities
15,952
11,680
Borrowings, net of current portion
380,000
—
Total long
-
term liabilities
411,956
40,568
Total Liabilities
542,349
183,257
Commitments and Contingencies
Stockholders
’
equity:
Preferred stock $.001 par value
—
—
Authorized shares: 100,000,000 and 0
Shares issued and outstanding: 0 and 0
Common stock $.001 par value
121
—
Authorized shares: 1,600,000,000
Shares issued and outstanding: 120,661,808 and 0
Class B Common Stock $.001 par value
13
—
Authorized shares 400,000,000
Shares issued and outstanding: 12,799,999 and 0
Invested capital
—
541,561
Additional paid
-
in capital
293,744
—
Retained earnings
2,369
—
Accumulated other comprehensive loss
(2,710
)
(1,929
)
Total stockholders
’
equity
293,537
539,632
TOTAL LIABILITIES AND STOCKHOLDERS
’
EQUITY
$
835,886
$
722,889