TripAdvisor 2015 Annual Report Download - page 62
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TRIPADVISOR, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Year ended December 31,
2015 2014 2013
Revenue $ 1,492 $ 1,246 $ 945
Costsandexpenses:
Costofrevenue(1) 58 40 18
Sellingandmarketing(2) 692 502 368
Technologyandcontent(2) 207 171 131
Generalandadministrative(2)(Note12) 210 128 98
Depreciation 57 47 30
Amortizationofintangibleassets 36 18 6
Totalcostsandexpenses 1,260 906 651
Operatingincome 232 340 294
Otherincome(expense):
Interestexpense (10) (9) (10)
Interestincomeandother,net(Note17) 17 (9) -
Totalotherincome(expense),net 7 (18) (10)
Incomebeforeincometaxes 239 322 284
Provisionforincometaxes (41) (96) (79)
Netincome $ 198 $ 226 $ 205
Earningspershareattributabletocommonstockholders(Note2):
Basic $ 1.38 $ 1.58 $ 1.44
Diluted $ 1.36 $ 1.55 $ 1.41
Weightedaveragecommonsharesoutstanding(Note2):
Basic 144 143 143
Diluted 146 146 145
(1)Excludesamortizationexpenseasfollows:
Amortizationofacquiredtechnologyincludedin
amortizationofintangiblesassets $ 9 $ 4 $ 1
Amortizationofwebsitedevelopmentcostsincludedin
depreciation 37 30 20
$ 46 $ 34 $ 21
(2)Includesstock-basedcompensationexpenseasfollows:
Sellingandmarketing $ 16 $ 13 $ 11
Technologyandcontent $ 28 $ 27 $ 21
Generalandadministrative $ 28 $ 23 $ 17
Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.
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