TripAdvisor, Inc. (TRIP) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Hotels, Media & Platform					1,001.0	1,022.0
Experiences & Dining Segment					372.0	264.0
Non-Hotel					242.0	270.0		229.0
Hotel								1,263.0
Total revenues	1,492.0	902.0	604.0	1,560.0	1,615.0	1,556.0	1,480.0	1,492.0
Revenue growth [+]	65.4%	49.3%	-61.3%	-3.4%	3.8%	5.1%	-0.8%	19.7%
Hotels, Media & Platform					-2.1%
Experiences & Dining Segment					40.9%
Non-Hotel					-10.4%			106.3%
Hotel								11.3%
Cost of goods sold	116.0	352.0	356.0	407.0	81.0	72.0	71.0	58.0
Gross profit	1,376.0	550.0	248.0	1,153.0	1,534.0	1,484.0	1,409.0	1,434.0
Gross margin	92.2%	61.0%	41.1%	73.9%	95.0%	95.4%	95.2%	96.1%
Selling, general and administrative [+]	956.0	681.0	536.0	965.0	1,230.0	1,249.0	1,142.0	1,109.0
Sales and marketing	784.0	469.0	316.0	672.0	778.0	849.0	756.0	692.0
General and administrative	172.0	212.0	220.0	293.0	452.0	400.0	386.0	417.0
Other selling, general and administrative
Research and development	222.0
Other operating expenses		35.0	29.0	-4.0			101.0	93.0
Adjusted EBITDA	286.0				422.0	331.0	352.0	397.0
Adjusted EBITDA margin	19.2%				26.1%	21.3%	23.8%	26.6%
Stock-based compensation	88.0				118.0	96.0	85.0	72.0
EBITDA [+]	198.0	-55.0	-192.0	318.0	304.0	235.0	267.0	325.0
EBITDA growth	-460.0%	-71.4%	-160.4%	4.6%	29.4%	-12.0%	-17.8%	-19.8%
EBITDA margin	13.3%	-6.1%	-31.8%	20.4%	18.8%	15.1%	18.0%	21.8%
Depreciation	97.0	91.0	99.0	93.0	82.0	79.0	69.0	57.0
EBITA	101.0	-146.0	-291.0	225.0	222.0	156.0	198.0	268.0
EBITA margin	6.8%	-16.2%	-48.2%	14.4%	13.7%	10.0%	13.4%	18.0%
Amortization of intangibles		20.0	26.0	33.0	34.0	32.0	32.0	36.0
EBIT [+]	101.0	-166.0	-317.0	192.0	188.0	124.0	166.0	232.0
EBIT growth	-160.8%	-47.6%	-265.1%	2.1%	51.6%	-25.3%	-28.4%	-31.8%
EBIT margin	6.8%	-18.4%	-52.5%	12.3%	11.6%	8.0%	11.2%	15.5%
Non-recurring items			41.0	1.0	5.0
Interest expense, net [+]	29.0	-1.0	-3.0	-17.0	5.0	14.0	12.0	10.0
Interest expense	44.0	45.0	35.0	7.0	12.0	15.0	12.0	10.0
Interest income	15.0	1.0	3.0	17.0	7.0	1.0
Other income (expense), net	-5.0	25.0	21.0	-7.0	-5.0		-3.0	17.0
Pre-tax income	67.0	-185.0	-369.0	194.0	173.0	110.0	151.0	239.0
Income taxes	47.0	-37.0	-80.0	68.0	60.0	129.0	31.0	41.0
Tax rate	70.1%	20.0%	21.7%	35.1%	34.7%	117.3%	20.5%	17.2%
Net income	0.0	-148.0	-289.0	126.0	113.0	-19.0	120.0	198.0
Net margin	0.0%	-16.4%	-47.8%	8.1%	7.0%	-1.2%	8.1%	13.3%

Basic EPS [+]	$0.00	($1.08)	($2.14)	$0.91	$0.82	($0.14)	$0.83	$1.38
Growth	-100.0%	-49.7%	-336.4%	10.8%	-704.8%	-116.4%	-40.1%	-13.1%
Diluted EPS [+]	$0.00	($1.08)	($2.14)	$0.90	$0.80	($0.14)	$0.82	$1.36
Growth	-100.0%	-49.7%	-339.2%	11.3%	-695.0%	-116.6%	-39.8%	-12.5%

Shares outstanding (basic) [+]	140.0	137.2	134.9	139.0	138.1	140.4	145.4	143.8
Growth	2.0%	1.8%	-3.0%	0.6%	-1.7%	-3.4%	1.1%	0.8%
Shares outstanding (diluted) [+]	146.0	137.2	134.9	140.7	140.4	140.4	146.9	146.0
Growth	6.4%	1.8%	-4.1%	0.2%	0.0%	-4.4%	0.6%	0.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.