TripAdvisor 2012 Annual Report Download - page 45

Item 6. Selected Financial Data
We have derived the following selected financial data presented below from the consolidated and combined
financial statements and related notes. The information set forth below is not necessarily indicative of future
results and should be read in conjunction with the consolidated and combined financial statements and related
notes appearing in Item 8 “Financial Statements and Supplementary Data” and Item 7 “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” of this Annual Report on Form 10-K.
Historical results are not necessarily indicative of the results to be expected in any future period.
Year Ended December 31,
2012 2011 2010 2009 2008
(in thousands, except per share data)
Consolidated and Combined Statements of Operations
Data:
Revenue .......................................... $559,215 $426,045 $313,525 $212,375 $200,578
Related-party revenue from Expedia .................... 203,751 211,018 171,110 139,714 97,668
Total revenue ...................................... 762,966 637,063 484,635 352,089 298,246
Operating income ................................... 296,296 272,757 226,300 168,178 124,883
Net income attributable to TripAdvisor, Inc. .............. 194,069 177,677 138,776 102,427 72,371
Net income per share attributable to TripAdvisor, Inc.
available to common shareholders:
Basic(1) ...................................... $ 1.39 $ 1.33 $ 1.04 $ 0.77 $ 0.54
Diluted(1) ..................................... 1.37 1.32 1.04 0.77 0.54
Shares used in computing net income per share:
Basic(1) ...................................... 139,462 133,461 133,461 133,461 133,461
Diluted(1) ..................................... 141,341 134,865 133,461 133,461 133,461
Year Ended December 31,
2012 2011 2010 2009 2008
(in thousands)
Consolidated and Combined Balance Sheet
Data:
Cash and cash equivalents, short and long term
marketable securities(2) .................... $ 585,733 $183,532 $ 93,133 $ 31,364 $ 8,001
Working capital (deficit)(2) ................... 436,854 151,792 34,112 (78,560) (201,962)
Total assets(2) ............................. 1,299,194 835,886 722,889 574,826 515,963
Long-term debt, less current portion(3) .......... 340,000 380,000 — — —
Total stockholders’ equity and invested
equity(4) ................................ 726,968 293,537 539,632 389,914 242,900
Year Ended December 31,
2012 2011 2010 2009 2008
(in thousands)
Other Financial Data:
Adjusted EBITDA(5) .......................... $352,474 $322,918 $260,963 $197,219 $146,626
(1) See “Note 2—Significant Accounting Policies” in the notes to the consolidated and combined financial
statements in Item 8 below regarding our calculation of earnings per share numbers.
(2) Includes one-time exercise proceeds of $214.5 million related to stock warrant exercises for the year ended
December 31, 2012. See “Note 4—Stock Based Awards and Other Equity Instruments” in the notes to the
consolidated and combined financial statements in Item 8 below for additional information on our equity
based instruments.
(3) See “Note 8—Debt” in the notes to the consolidated and combined financial statements in Item 8 below for
information regarding our long-term debt.
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