TripAdvisor 2014 Annual Report Download - page 70
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60
TRIPADVISOR, INC.
CONSOLIDATED BALANCE SHEETS
(in millions, except share and per share data)
December 31, December 31,
2014 2013
ASSETS
Current assets:
Cash and cash equivalents (Note 5) ................................................................................................ $ 455 $ 351
Short-term marketable securities (Note 5) ...................................................................................... 108 131
Accounts receivable, net of allowance for doubtful accounts of $7 and $3 at December 31,
2014 and December 31, 2013, respectively (Note 2) ................................................................... 151 113
Prepaid expenses and other current assets ...................................................................................... 33 35
Total current assets ............................................................................................................................... 747 630
Long-term assets:
Long-term marketable securities (Note 5) ...................................................................................... 31 188
Property and equipment, net (Note 6) ............................................................................................. 195 82
Other long-term assets .................................................................................................................... 38 19
Intangible assets, net (Note 7) ......................................................................................................... 214 52
Goodwill (Note 7) ........................................................................................................................... 734 502
TOTAL ASSETS ................................................................................................................................ $1,959 $1,473
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable ............................................................................................................................ $ 19 $ 10
Deferred merchant payables (Note 2) ............................................................................................. 93 30
Deferred revenue ............................................................................................................................ 57 44
Credit facility borrowings (Note 8) ................................................................................................. 38 28
Borrowings, current (Note 8) .......................................................................................................... 40 40
Taxes payable (Note 9) ................................................................................................................... 20 5
Accrued expenses and other current liabilities (Note 10) ............................................................... 114 86
Total current liabilities .......................................................................................................................... 381 243
Deferred income taxes, net (Note 9) ............................................................................................... 39 13
Other long-term liabilities (Note 11) .............................................................................................. 154 52
Borrowings, net of current portion (Note 8) ................................................................................... 260 300
Total Liabilities ..................................................................................................................................... 834 608
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.................................................................................................... — —
Authorized shares: 1,600,000,000.............................................................................................
Shares issued: 132,315,465 and 131,537,798 ...........................................................................
Shares outstanding: 130,121,292 and 129,417,089 ...................................................................
Class B common stock, $0.001 par value ....................................................................................... — —
Authorized shares: 400,000,000 ...............................................................................................
Shares issued and outstanding: 12,799,999 and 12,799,999 .....................................................
Additional paid-in capital ............................................................................................................... 673 608
Retained earnings ............................................................................................................................ 628 402
Accumulated other comprehensive income (loss) ........................................................................... (31 ) —
Treasury stock-common stock, at cost, 2,194,173 and 2,120,709 shares ........................................ (145 ) (145)
Total Stockholders’ Equity ................................................................................................................... 1,125 865
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY ......................................................... $1,959 $1,473
The accompanying notes are an integral part of these consolidated financial statements.