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)
Personnelandoverhead  $ 174  $ 147  $ 114   18%  29%
Other   33   24   17   38%  41%
Totaltechnologyandcontent  $ 207  $ 171  $ 131   21%  31%
%ofrevenue   13.9%  13.7%   13.9%     
2015 vs. 2014
Technologyandcontentcostsincreased$36millionduringtheyearendedDecember31,2015whencomparedtothesameperiodin2014,primarilydueto
increasedpersonnelcostsfromincreasedheadcounttosupportbusinessgrowth,includinginternationalexpansionandenhancedsitefeatures,aswellas
incrementalpersonnelcostsrelatedtoour2014businessacquisitionsinAttractionsandRestaurants.OurAttractionandRestaurantbusinessescontributedan
incremental$15milliontoourtechnologyandcontentexpensesfortheyearendedDecember31,2015,ofwhichanincremental$9millionwasrelatedto
personnelandoverhead.
2014 vs. 2013
Technologyandcontentcostsincreased$40millionduringtheyearendedDecember31,2014whencomparedtothesameperiodin2013,primarilydueto
increasedpersonnelcostsfromincreasedheadcounttosupportbusinessgrowth,includinginternationalexpansionandenhancedsitefeatures,aswellasadditional
personnelcostsrelatedtoemployeesjoiningusthroughbusinessacquisitionsandalsoincreasedstock-basedcompensationcosts.Intotal,ourAttractionand
Restaurantbusinessescontributed$6milliontoourtechnologyandcontentexpensein2014,ofwhich$4millionrelatedtopersonnelandoverhead.
General and Administrative
Generalandadministrativeexpenseconsistsprimarilyofpersonnelandrelatedoverheadcosts,forpersonnelengagedinexecutiveleadership,finance,
legal,andhumanresources,includingstock-basedcompensation.Generalandadministrativecostsalsoincludeprofessionalservicefeesandotherfeesincluding
audit,legal,taxandaccounting,andothercostsincludingbaddebtexpenseandcharitablecontributions.
Year ended December 31, % Change
2015 2014 2013 2015 vs 2014 2014 vs 2013
(in millions)
Personnelandoverhead  $ 106  $ 87  $ 66   22%  32%
Professionalservicefeesandother   104   41   32   154%  28%
Totalgeneralandadministrative  $ 210  $ 128  $ 98   64%  31%
%ofrevenue   14.1%  10.3%   10.4%     
2015 vs. 2014
Generalandadministrativecostsincreased$82millionduringtheyearendedDecember31,2015,whencomparedtothesameperiodin2014,primarilydue
toanincreaseincharitablecontributionsof$59million.DuringtheyearendedDecember31,2015,wemadea$67millionnon-cashcontributiontosettleour
pledgeobligationtotheFoundation,whilewerecordedacharitablecontributionof$8millionintheyearendingDecember2014,whichwassettledincash.See
“Note12—Commitments and Contingencies ”inthenotestoourconsolidatedfinancialstatementsinItem8foradditionalinformationregardingourcharitable
contributionstotheFoundation.Personnelcostsandoverheadcostsalsoincreased$19million,whichwasrelatedtoanincreaseinheadcounttosupportour
businessoperations,aswellasincrementalpersonnelcostsrelatedtoour2014businessacquisitionsinAttractionsandRestaurants.OurAttractionandRestaurant
businessescontributedanincremental$11milliontoourgeneralandadministrativeexpensesfortheyearendedDecember31,2015,ofwhichanincremental$8
millionwasrelatedtopersonnelandoverhead.
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