Liberty TripAdvisor Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Significant Accounting Policies

Property and equipment consists of the following (amounts in millions):


	December 31,
	2020		2019
Finance lease right-of-use asset		114	114
Leasehold improvements		49	49
Computer equipment and purchased software		71	70
Furniture, office equipment and other		21	21
Total property and equipment	$	255	254

Schedule of disaggregation of revenue


	Years ended December 31,
		2020	2019	2018

	amounts in millions
Hotels, Media & Platform
Tripadvisor-branded hotels	$	292	779	848
Tripadvisor-branded display and platform		69	160	153
Total Hotels, Media & Platform		361	939	1,001

Experiences & Dining		186	456	372
Corporate and other		57	165	242
Total Revenue	$	604	1,560	1,615

Schedule of contract balances


	December 31,		December 31,
	2020		2019
Accounts receivable	$	70	176
Contract assets		13	7
Total	$	83	183

Schedule of stock-based compensation expense

Included in the accompanying consolidated statements of operations are the following amounts of stock-based compensation for the years ended December 31, 2020, 2019 and 2018 (amounts in millions):


	December 31,
	2020		2019	2018
Operating expense	$	45	56	52
Selling, general and administrative		67	75	71
	$	112	131	123

Reconciliation of Basic and Diluted Weighted Average Shares


		Years ended December 31,
		2020 (a)	2019	2018

		in millions
Numerator
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders	$	(238)	(22)	(64)
Less: Preferred stock carrying value adjustment and transaction costs		150	NA	NA
Net earnings (loss) available to common shareholders	$	(388)	(22)	(64)
Denominator
Basic EPS		75	75	74
Potentially dilutive shares		1	—	—
Diluted EPS		76	75	74

(a)

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.