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TRIPADVISOR, INC.
CONSOLIDATED BALANCE SHEETS
(in millions, except share and per share data)
December 31, December 31,
2015 2014
ASSETS    
Currentassets:  
Cashandcashequivalents(Note5)  $ 614  $ 455
Short-termmarketablesecurities(Note5)   47   108
Accountsreceivable,netofallowancefordoubtfulaccountsof$6and$7atDecember31,
2015andDecember31,2014,respectively(Note2)   180 151
Prepaidexpensesandothercurrentassets   24 23
Totalcurrentassets   865 737
Long-termmarketablesecurities(Note5)   37 31
Propertyandequipment,net(Note6)   247 195
Intangibleassets,net(Note7)   176 214
Goodwill(Note7)   732 734
Otherlong-termassets   71 37
TOTAL ASSETS $ 2,128  $ 1,948
LIABILITIES AND STOCKHOLDERS' EQUITY  
Currentliabilities:  
Accountspayable  $ 10  $ 19
Deferredmerchantpayables(Note2)   105   93
Deferredrevenue   64 57
Currentportionofdebt(Note8)   1 78
Taxespayable(Note9)   9 20
Accruedexpensesandothercurrentliabilities(Note10)   123 114
Totalcurrentliabilities   312 381
Deferredincometaxes,net(Note9)   15 29
Otherlong-termliabilities(Note11)   189 154
Long-termdebt(Note8)   200 259
TotalLiabilities   716 823
Commitmentsandcontingencies(Note12)  
Stockholders’equity:(Note14)  
Preferredstock,$0.001parvalue   — —
Authorizedshares:100,000,000  
Sharesissuedandoutstanding:0and0  
Commonstock,$0.001parvalue   — —
Authorizedshares:1,600,000,000  
Sharesissued:133,836,242and132,315,465  
Sharesoutstanding:132,443,111and130,121,292  
ClassBcommonstock,$0.001parvalue   — —
Authorizedshares:400,000,000  
Sharesissuedandoutstanding:12,799,999and12,799,999  
Additionalpaid-incapital   741 673
Retainedearnings   826 628
Accumulatedothercomprehensiveincome(loss)   (63) (31)
Treasurystock-commonstock,atcost,1,393,131and2,194,173shares   (92) (145)
TotalStockholders’Equity   1,412   1,125
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,128  $ 1,948
Theaccompanyingnotesareanintegralpartoftheseconsolidatedfinancialstatements.
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