TripAdvisor 2015 Annual Report Download - page 44
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Year ended December 31, % Change
2015 2014 2013 2015 vs 2014 2014 vs 2013
(in millions)
Personnelandoverhead $ 174 $ 147 $ 114 18% 29%
Other 33 24 17 38% 41%
Totaltechnologyandcontent $ 207 $ 171 $ 131 21% 31%
%ofrevenue 13.9% 13.7% 13.9%
2015 vs. 2014
Technologyandcontentcostsincreased$36millionduringtheyearendedDecember31,2015whencomparedtothesameperiodin2014,primarilydueto
increasedpersonnelcostsfromincreasedheadcounttosupportbusinessgrowth,includinginternationalexpansionandenhancedsitefeatures,aswellas
incrementalpersonnelcostsrelatedtoour2014businessacquisitionsinAttractionsandRestaurants.OurAttractionandRestaurantbusinessescontributedan
incremental$15milliontoourtechnologyandcontentexpensesfortheyearendedDecember31,2015,ofwhichanincremental$9millionwasrelatedto
personnelandoverhead.
2014 vs. 2013
Technologyandcontentcostsincreased$40millionduringtheyearendedDecember31,2014whencomparedtothesameperiodin2013,primarilydueto
increasedpersonnelcostsfromincreasedheadcounttosupportbusinessgrowth,includinginternationalexpansionandenhancedsitefeatures,aswellasadditional
personnelcostsrelatedtoemployeesjoiningusthroughbusinessacquisitionsandalsoincreasedstock-basedcompensationcosts.Intotal,ourAttractionand
Restaurantbusinessescontributed$6milliontoourtechnologyandcontentexpensein2014,ofwhich$4millionrelatedtopersonnelandoverhead.
General and Administrative
Generalandadministrativeexpenseconsistsprimarilyofpersonnelandrelatedoverheadcosts,forpersonnelengagedinexecutiveleadership,finance,
legal,andhumanresources,includingstock-basedcompensation.Generalandadministrativecostsalsoincludeprofessionalservicefeesandotherfeesincluding
audit,legal,taxandaccounting,andothercostsincludingbaddebtexpenseandcharitablecontributions.
Year ended December 31, % Change
2015 2014 2013 2015 vs 2014 2014 vs 2013
(in millions)
Personnelandoverhead $ 106 $ 87 $ 66 22% 32%
Professionalservicefeesandother 104 41 32 154% 28%
Totalgeneralandadministrative $ 210 $ 128 $ 98 64% 31%
%ofrevenue 14.1% 10.3% 10.4%
2015 vs. 2014
Generalandadministrativecostsincreased$82millionduringtheyearendedDecember31,2015,whencomparedtothesameperiodin2014,primarilydue
toanincreaseincharitablecontributionsof$59million.DuringtheyearendedDecember31,2015,wemadea$67millionnon-cashcontributiontosettleour
pledgeobligationtotheFoundation,whilewerecordedacharitablecontributionof$8millionintheyearendingDecember2014,whichwassettledincash.See
“Note12—Commitments and Contingencies ”inthenotestoourconsolidatedfinancialstatementsinItem8foradditionalinformationregardingourcharitable
contributionstotheFoundation.Personnelcostsandoverheadcostsalsoincreased$19million,whichwasrelatedtoanincreaseinheadcounttosupportour
businessoperations,aswellasincrementalpersonnelcostsrelatedtoour2014businessacquisitionsinAttractionsandRestaurants.OurAttractionandRestaurant
businessescontributedanincremental$11milliontoourgeneralandadministrativeexpensesfortheyearendedDecember31,2015,ofwhichanincremental$8
millionwasrelatedtopersonnelandoverhead.
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