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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income (loss) $ (289,000,000) $ 126,000,000 $ 113,000,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 125,000,000 126,000,000 116,000,000
Stock-based compensation expense (Note 15) 109,000,000 124,000,000 118,000,000
Deferred income tax expense (benefit) (Note 12) (1,000,000) 6,000,000 (6,000,000)
Provision for expected credit losses (Note 2) 17,000,000 11,000,000 11,000,000
Impairment of goodwill (Note 8) 3,000,000 [1] 0 0
Loss on sale/disposal of business (Note 18) [2] 6,000,000    
Other, net 11,000,000 (3,000,000) 7,000,000
Changes in operating assets and liabilities, net of effects from acquisitions and other investments:      
Accounts receivable and contract assets, prepaid expenses and other assets 92,000,000 23,000,000 (8,000,000)
Accounts payable, accrued expenses and other liabilities (28,000,000) (1,000,000) 22,000,000
Deferred merchant payables (124,000,000) (3,000,000) 14,000,000
Income tax receivables/payables, net (81,000,000) 17,000,000 13,000,000
Deferred revenue (34,000,000) (2,000,000) 5,000,000
Net cash provided by (used in) operating activities (194,000,000) 424,000,000 405,000,000
Investing activities:      
Capital expenditures, including internal-use software and website development (55,000,000) (83,000,000) (61,000,000)
Acquisitions and other investments, net of cash acquired (Note 3) (4,000,000) (110,000,000) (24,000,000)
Purchases of marketable securities   (133,000,000) (16,000,000)
Sales of marketable securities   80,000,000 59,000,000
Maturities of marketable securities   70,000,000 5,000,000
Other investing activities, net 3,000,000   (12,000,000)
Net cash provided by (used in) investing activities (56,000,000) (176,000,000) (49,000,000)
Financing activities:      
Repurchase of common stock (Note 16) (115,000,000) (60,000,000) (100,000,000)
Payment of common stock cash dividends to stockholders (Note 16)   (488,000,000)  
Payments of financing costs for amendments to 2015 credit facility (Note 10) (7,000,000)    
Proceeds from issuance of Senior Notes (Note 10) 500,000,000    
Payments of financing costs for the issuance of Senior Notes (Note 10) (10,000,000)    
Proceeds from exercise of stock options   2,000,000 6,000,000
Payment of withholding taxes on net share settlements of equity awards (21,000,000) (29,000,000) (26,000,000)
Payments of finance lease obligation (Note 7) (6,000,000) (5,000,000)  
Net cash provided by (used in) financing activities 341,000,000 (580,000,000) (358,000,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 8,000,000 (4,000,000) (16,000,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 99,000,000 (336,000,000) (18,000,000)
Cash, cash equivalents and restricted cash at beginning of period 319,000,000 655,000,000 673,000,000
Cash, cash equivalents and restricted cash at end of period 418,000,000 319,000,000 655,000,000
Supplemental disclosure of cash flow information:      
Cash paid during the period for income taxes, net of refunds 3,000,000 47,000,000 53,000,000
Cash paid during the period for interest 13,000,000 6,000,000 8,000,000
Supplemental disclosure of non-cash investing and financing activities:      
Stock-based compensation capitalized with internal-use software and website development costs (Note 15) 15,000,000 19,000,000 13,000,000
Equity method investment acquired for non-cash consideration (Note 5)   $ 41,000,000  
2015 Credit Facility      
Financing activities:      
Proceeds from credit facility 700,000,000   5,000,000
Payments to credit facility $ (700,000,000)   (235,000,000)
Chinese Credit Facilities      
Financing activities:      
Proceeds from credit facility     2,000,000
Payments to credit facility     $ (10,000,000)
[1] Represents a goodwill impairment charge related to our Tripadvisor China reporting unit.
[2] Primarily related to loss on disposal on the sale of our SmarterTravel business in June 2020