TripAdvisor 2015 Annual Report Download - page 38

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Results of Operations
Selected Financial Data
(in millions, except per share data)
Year ended December 31, % Change
2015 2014 2013 2015 vs. 2014 2014 vs. 2013
Revenue $ 1,492$ 1,246$ 945 20%   32%
 
Costsandexpenses:        
Costofrevenue(1) 58 40 18 45%   122%
Sellingandmarketing(2) 692 502 368 38%   36%
Technologyandcontent(2) 207 171 131 21%   31%
Generalandadministrative(2)(3) 210 128 98 64%   31%
Depreciation 57 47 30 21%   57%
Amortizationofintangibleassets 36 18 6 100%   200%
Totalcostsandexpenses 1,260 906 651 39%   39%
Operatingincome 232 340 294 (32)%   16%
Otherincome(expense):        
Interestexpense (10) (9) (10) 11%   (10)%
Interestincomeandother,net 17(9) - (289)%   100%
Totalotherincome(expense),net 7 (18) (10)  (139)%   80%
Incomebeforeincometaxes 239 322 284 (26)%   13%
Provisionforincometaxes (41) (96) (79)  (57)%   22%
Netincome $ 198$ 226$ 205 (12)%   10%
Earningspershareattributabletocommonstockholders:        
Basic $ 1.38$ 1.58$ 1.44 (13)%   10%
Diluted $ 1.36$ 1.55$ 1.41 (12)%   10%
Weightedaveragecommonsharesoutstanding:        
Basic 144 143 143 1%   0%
Diluted 146 146 145 0%   1%
Otherfinancialdata:        
AdjustedEBITDA(4) $ 466$ 468$ 379 0%   23%
       
(1)Excludesamortizationasfollows:        
Amortizationofacquiredtechnologyincludedin
amortizationofintangiblesassets $ 9$ 4$ 1  
Amortizationofwebsitedevelopmentcosts
includedindepreciation 37 30 20  
$ 46$ 34$ 21  
(2)Includesstock-basedcompensationexpenseas
follows:        
Sellingandmarketing $ 16$ 13$ 11  
Technologyandcontent 28 27 21  
Generalandadministrative 28 23 17  
 
(3)Includesanon-cashcharitablecontributiontotheFoundationof$67millionfortheyearendedDecember31,2015.
See“Note12—Commitments and Contingencies ”inthenotestotheconsolidatedfinancialstatementsinItem8for
additionalinformationregardingourcharitablecontributionstotheFoundation.
(4)See“AdjustedEBITDA”discussionbelowformoreinformation. 
35