TripAdvisor 2012 Annual Report Download - page 76

TRIPADVISOR, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
December 31,
2012 2011
ASSETS
Current assets:
Cash and cash equivalents ............................................. $ 367,515 $ 183,532
Short-term marketable securities (note 5) .................................. 118,970 —
Accounts receivable, net of allowance of $2,818 and $5,370 at December 31, 2012
and 2011, respectively .............................................. 81,459 67,936
Receivable from Expedia, net (note 16) ................................... 23,971 14,081
Taxes receivable ..................................................... 24,243 —
Deferred income taxes, net (note 9) ...................................... 5,971 6,494
Prepaid expenses and other current assets ............................. 10,365 6,279
Total current assets ........................................................... 632,494 278,322
Long-term marketable securities (note 5) .................................. 99,248 —
Property and equipment, net (note 6) ..................................... 43,802 34,754
Deferred income taxes, net (note 9) ...................................... 502 —
Other long-term assets ................................................ 13,274 11,888
Intangible assets, net (note 7) ........................................... 38,190 44,030
Goodwill (note 7) .................................................... 471,684 466,892
TOTAL ASSETS ........................................................... $1,299,194 $ 835,886
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable .................................................... $ 14,099 $ 5,903
Deferred revenue ..................................................... 31,563 19,395
Credit facility borrowings (note 8) ....................................... 32,145 26,734
Borrowings, current (note 8) ............................................ 40,000 20,000
Taxes payable ....................................................... 14,597 17,229
Accrued expenses and other current liabilities (note 10) ...................... 63,236 37,269
Total current liabilities ........................................................ 195,640 126,530
Deferred income taxes, net (note 9) ...................................... 11,023 16,004
Other long-term liabilities (note 11) ...................................... 25,563 15,952
Borrowings, net of current portion (note 8) ................................ 340,000 380,000
Total Liabilities .............................................................. 572,226 538,486
Commitments and Contingencies (note 12)
Redeemable noncontrolling interest (note 14) ...................................... — 3,863
Stockholders’ equity:
Preferred stock $.001 par value ............................................. — —
Authorized shares: 100,000,000
Shares issued and outstanding: 0 and 0
Common stock $.001 par value ............................................. 130 121
Authorized shares: 1,600,000,000
Shares issued and outstanding: 130,060,138 and 120,661,808
Class B Common Stock $.001 par value ...................................... 13 13
Authorized shares 400,000,000
Shares issued and outstanding: 12,799,999 and 12,799,999
Additional paid-in capital .................................................. 531,256 293,744
Retained earnings ........................................................ 196,438 2,369
Accumulated other comprehensive loss ....................................... (869) (2,710)
Total stockholders’ equity .................................................. 726,968 293,537
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ....................... $1,299,194 $ 835,886
The accompanying notes are an integral part of these consolidated financial statements.
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