TripAdvisor 2013 Annual Report Download - page 79

TRIPADVISOR, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
December 31,
2013
December 31,
2012
ASSETS
Current assets:
Cash and cash equivalents ........................................... $ 351,148 $ 367,515
Short-term marketable securities (note 5) ............................... 131,220 118,970
Accounts receivable, net of allowance of $3,300 and $2,818 at December 31,
2013 and December 31, 2012, respectively (note 2) ..................... 97,034 81,459
Receivable from Expedia, net (note 15) ................................ 15,828 23,971
Taxes receivable (note 9) ........................................... 14,291 24,243
Deferred income taxes, net (note 9) ................................... 4,550 5,971
Prepaid expenses and other current assets ............................... 16,214 10,365
Total current assets ........................................................ 630,285 632,494
Long-term marketable securities (note 5) ............................... 188,338 99,248
Property and equipment, net (note 6) .................................. 81,528 43,802
Deferred income taxes, net (note 9) ................................... 893 502
Other long-term assets .............................................. 18,144 13,274
Intangible assets, net (note 7) ........................................ 51,842 38,190
Goodwill (note 7) ................................................. 501,984 471,684
TOTAL ASSETS ......................................................... $1,473,014 $1,299,194
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable ................................................. $ 9,869 $ 12,796
Deferred merchant payables (note 2) .................................. 29,612 1,303
Deferred revenue .................................................. 43,970 31,563
Credit facility borrowings (note 8) .................................... 28,461 32,145
Borrowings, current (note 8) ......................................... 40,000 40,000
Taxes payable (note 9) ............................................. 5,443 14,597
Accrued expenses and other current liabilities (note 10) ................... 85,534 63,236
Total current liabilities ..................................................... 242,889 195,640
Deferred income taxes, net (note 9) ................................... 13,114 11,023
Other long-term liabilities (note 11) ................................... 52,531 25,563
Borrowings, net of current portion (note 8) ............................. 300,000 340,000
Total Liabilities ....................................................... 608,534 572,226
Commitments and Contingencies (note 12)
Stockholders’ equity: (note 14)
Preferred stock $0.001 par value ...................................... — —
Authorized shares: 100,000,000
Shares issued and outstanding: 0 and 0
Common stock $0.001 par value ...................................... 131 130
Authorized shares: 1,600,000,000
Shares issued: 131,537,798 and 130,060,138
Shares outstanding: 129,417,089 and 130,060,138
Class B common stock $0.001 par value ............................... 13 13
Authorized shares 400,000,000
Shares issued and outstanding: 12,799,999 and 12,799,999
Additional paid-in capital ........................................... 608,001 531,256
Retained earnings ................................................. 401,881 196,438
Accumulated other comprehensive loss ................................ (325) (869)
Treasury stock—Common stock, at cost, 2,120,709 and 0 shares, at
December 31, 2013 and December 31, 2012 respectively ................ (145,221) —
Total stockholders’ equity ................................................... 864,480 726,968
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ..................... $1,473,014 $1,299,194
The accompanying notes are an integral part of these consolidated financial statements.
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