Investor Presentaiton
Quarterly Free Cash Flow & Liquidity
Free Cash Flow ($M)
Liquidity position at
12/31/2023 ($M)
$1,563
119
90
00
(2)
(35)
496
1,067
(55)
Q4 2022
Q1 2023
Q2 2023
Q3 2023
Q4 2023
Tripadvisor
12
as of 12/31/23
Unborrowed revolver facility
Cash and cash equivalents
Q2 2023 cash from operations and free cash flow included the impact of a U.S. federal tax payment of $113 million, while Q3 2023 cash from operations
and free cash flow included a refund of $49 million, both related to a previously disclosed IRS audit settlement.
Note: Free cash flow is a non-GAAP measure. Please refer to "Non-GAAP Reconciliations" in the Appendix for definitions of our non-GAAP financial measures, as well as
reconciliations to the most directly comparable GAAP measure.View entire presentation