TripAdvisor 2015 Annual Report Download - page 32

Ite m 6. Selected Financial Data
Wehavederivedthefollowingselectedfinancialdatapresentedbelowfromourconsolidated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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.
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Year Ended December 31,
  2015 2014 2013 2012 2011
  (in millions, except per share data)
Consolidated Statements of Operations Data:          
Revenue $ 1,492 $ 1,246 $ 945 $ 763 $ 637
Operatingincome(1)  232  340  294  296  273
NetIncome  198  226  205  195  178
NetincomeattributabletoTripAdvisor,Inc.  198  226  205  194  178
Earningspershareattributabletocommonstockholders:          
Basic(2) $ 1.38 $ 1.58 $ 1.44 $ 1.39 $ 1.33
Diluted(2)  1.36  1.55  1.41  1.37  1.32
Sharesusedincomputingnetincomepershare:          
Basic(2)  144  143  143  139  133
Diluted(2)  146  146  145  141  135
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
December 31,
  2015 2014 2013 2012 2011
  (in millions)
Consolidated Balance Sheet Data:          
Cashandcashequivalents,shortandlongterm
marketablesecurities(3) $ 698 $ 594 $ 670 $ 586 $ 184
Workingcapital(3)(4)  553  356  387  437  152
Totalassets(3)  2,128  1,948  1,473  1,299  836
Long-termdebt,lesscurrentportion(5)  200  259  300  340  380
Otherlong-termobligationsunderfinancingobligation  84  67  8  —  —
Totalstockholders’equity(6)  1,412  1,125  865  727  294
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
  Year Ended December 31,
  2015 2014 2013 2012 2011
(in millions)
Other Financial Data:          
AdjustedEBITDA(7) $ 466 $ 468 $ 379 $ 352 $ 323
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(1) Includesanon-cashcharitablecontributiontotheFoundationof$67millionfortheyearendedDecember31,2015.Incomparison,charitablecontributions
totheFoundation,whichwerepaidincash,were$8million,$7millionand$7millionfortheyearsendedDecember31,2014,2013,and2012,
respectively.See“Note12—Commitments and Contingencies ”inthenotestotheconsolidatedfinancialstatementsinItem8forfurtherinformation
regardingtheFoundation.
(2) See“Note2—Significant Accounting Policies ”inthenotestotheconsolidatedfinancialstatementsinItem8forfurtherinformationregardingour
calculationofearningspersharenumbers.
(3) Includesone-timeexerciseproceedsof$215millionrelatedtostockwarrantexercisesfortheyearendedDecember31,2012.
(4) Amountdoesnotincludeavailableforsalelong-termmarketablesecuritiesof$37million,$31million,$188million,and$99million,asofDecember31,
2015,2014,2013,and2012,respectively.
(5) See“Note8—Debt ”inthenotestotheconsolidatedfinancialstatementsinItem8forinformationregardingourlong-termdebt.
(6) Seeourconsolidatedstatementsofchangesinstockholders’equityand“Note14—Stockholders’ Equity ”inthenotestotheconsolidatedfinancial
statementsinItem8foradditionalinformationonchangestoourstockholders’equity.
(7) Toprovideinvestorswithadditionalinformationregardingourfinancialresults,wehavedisclosedAdjustedEBITDA,anon-GAAPfinancialmeasure,
withinthisAnnualReportonForm10-K.AdjustedEBITDAistheprimarymetricbywhichmanagementevaluatestheperformanceofourbusinessandon
whichinternalbudgetsandforecastsarebased.Wedefine
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