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
     
Costsandexpenses:      
Costofrevenue(1)  58  40  18
Sellingandmarketing(2)   692 502   368
Technologyandcontent(2)   207   171   131
Generalandadministrative(2)(Note12)   210   128   98
Depreciation  57  47  30
Amortizationofintangibleassets   36 18   6
Totalcostsandexpenses   1,260   906   651
Operatingincome   232 340   294
Otherincome(expense):    
Interestexpense   (10) (9)  (10)
Interestincomeandother,net(Note17)   17 (9)  -
Totalotherincome(expense),net   7 (18)   (10)
Incomebeforeincometaxes   239  322   284
Provisionforincometaxes   (41) (96)   (79)
Netincome  $ 198  $ 226  $ 205
Earningspershareattributabletocommonstockholders(Note2):    
Basic  $ 1.38 $ 1.58  $ 1.44
Diluted  $ 1.36 $ 1.55  $ 1.41
Weightedaveragecommonsharesoutstanding(Note2):    
Basic   144   143   143
Diluted   146 146   145
(1)Excludesamortizationexpense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
Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.
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