Tripadvisor Investor Conference Presentation Deck
Track record of strong profitability and free cash flow
generation
(1)
(2)
Net income
Consolidated Adjusted EBITDA(1)
($ millions, except Adj. EBITDA margin)
Consolidated Adj. EBITDA
Consolidated Adj. EBITDA Margin
Consolidated Net Income Margin
15% CAGR
$331
21%
-1%
2017
2017
($19)
$422
26%
7%
2018
2018
$113
$438
28%
8%
2019
2019
$126
Operating cash flow
($ millions)
$238
2017
33% CAGR
$405
2018
$424
2019
Free cash flow(²)
($ millions)
$174
2017
40% CAGR
$344
2018
$341
2019
Consolidated Adjusted EBITDA is our non-GAAP profit measure and is defined as net income (loss) plus: (1) provision (benefit) for income taxes; (2) other income (expense), net; (3) depreciation and amortization; (4) stock-based compensation and other
stock-settled obligations; (5) goodwill, long-lived asset and intangible asset impairments; (6) legal reserves and settlements; (7) restructuring and other related reorganization costs; and (8) other non-recurring expenses and income; Tripadvisor defines
"Adjusted EBITDA margin" as adjusted EBITDA divided by revenue. Please see the appendix for reconciliation.
Free cash flow is a non-GAAP measure and is calculated as cash provided by operating activities less capital expenditures. Please see the appendix for reconciliation.
20View entire presentation