2022 Q4 Form 20-F Financial Statement

#000162828023013635 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $145.5M $538.0M $124.6M
YoY Change 16.85% 66.64% 134.13%
Cost Of Revenue $44.90M $178.4M $50.86M
YoY Change -11.72% 13.63% 97.12%
Gross Profit $100.6M $359.6M $73.70M
YoY Change 36.56% 116.81% 168.97%
Gross Profit Margin 69.15% 66.84% 59.17%
Selling, General & Admin $72.34M $271.2M $56.18M
YoY Change 28.76% 59.94% 31.57%
% of Gross Profit 71.87% 75.41% 76.23%
Research & Development $25.02M $89.99M $19.51M
YoY Change 28.24% 69.09% 13.41%
% of Gross Profit 24.85% 25.03% 26.47%
Depreciation & Amortization $10.10M $36.00M $8.405M
YoY Change 20.13% 5.26% -2.72%
% of Gross Profit 10.03% 10.01% 11.4%
Operating Expenses $97.35M $361.2M $75.69M
YoY Change 28.62% 40.55% 26.57%
Operating Profit $3.293M -$1.590M -$1.988M
YoY Change -265.64% -98.26% -93.86%
Interest Expense -$12.74M -$45.63M -$3.466M
YoY Change 267.43% 362.54% -17.48%
% of Operating Profit -386.73%
Other Income/Expense, Net -$45.46M
YoY Change 345.37%
Pretax Income -$9.442M -$47.22M -$5.454M
YoY Change 73.12% -55.49% -85.3%
Income Tax $5.717M $21.31M $7.545M
% Of Pretax Income
Net Earnings -$15.16M -$68.53M -$12.47M
YoY Change 21.53% -34.5% -56.39%
Net Earnings / Revenue -10.42% -12.74% -10.01%
Basic Earnings Per Share -$1.28
Diluted Earnings Per Share -$0.30 -$1.32 -$152.8K
COMMON SHARES
Basic Shares Outstanding 66.06M shares 76.82M shares
Diluted Shares Outstanding 76.82M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $219.2M $219.2M $246.1M
YoY Change -10.94% -10.94% -26.41%
Cash & Equivalents $219.2M $219.2M $246.1M
Short-Term Investments $32.56M $32.56M $64.50M
Other Short-Term Assets $72.07M $72.07M $58.08M
YoY Change 24.1% 24.1% 71.83%
Inventory
Prepaid Expenses $14.50M $20.22M
Receivables $147.8M $147.8M $136.8M
Other Receivables $26.06M $26.06M $46.04M
Total Short-Term Assets $465.1M $465.1M $487.0M
YoY Change -4.5% -4.5% -0.77%
LONG-TERM ASSETS
Property, Plant & Equipment $37.96M $37.96M $44.53M
YoY Change -14.74% -14.74% -24.15%
Goodwill $138.6M $122.4M
YoY Change 13.24% -0.64%
Intangibles $91.50M $85.72M
YoY Change 6.74% -11.16%
Long-Term Investments $3.556M $535.0K
YoY Change 564.67%
Other Assets $69.78M $69.78M $82.41M
YoY Change -15.32% -15.32% 14.77%
Total Long-Term Assets $339.1M $339.1M $335.1M
YoY Change 1.19% 1.19% -4.32%
TOTAL ASSETS
Total Short-Term Assets $465.1M $465.1M $487.0M
Total Long-Term Assets $339.1M $339.1M $335.1M
Total Assets $804.2M $804.2M $822.1M
YoY Change -2.18% -2.18% -2.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $345.9M $345.9M $280.9M
YoY Change 23.14% 23.14% 22.44%
Accrued Expenses $6.081M $6.081M $34.07M
YoY Change -82.15% -82.15% 296.12%
Deferred Revenue
YoY Change
Short-Term Debt $29.93M $29.93M $16.28M
YoY Change 83.82% 83.82% 82.96%
Long-Term Debt Due $6.466M $169.0K
YoY Change 3726.04%
Total Short-Term Liabilities $564.5M $564.5M $474.8M
YoY Change 18.88% 18.88% 27.54%
LONG-TERM LIABILITIES
Long-Term Debt $5.119M $5.119M $10.40M
YoY Change -50.78% -50.78% 0.0%
Other Long-Term Liabilities $193.6M $193.6M $209.8M
YoY Change -7.71% -3.2% -6.19%
Total Long-Term Liabilities $198.7M $198.7M $220.2M
YoY Change -9.75% -5.55% -5.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $564.5M $564.5M $474.8M
Total Long-Term Liabilities $198.7M $198.7M $220.2M
Total Liabilities $763.2M $763.2M $697.6M
YoY Change 9.4% 9.4% 14.56%
SHAREHOLDERS EQUITY
Retained Earnings -$643.3M -$574.8M
YoY Change 11.92%
Common Stock $287.6M $279.9M
YoY Change 2.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $78.27M $68.27M
YoY Change 14.65%
Treasury Stock Shares
Shareholders Equity $41.00M $41.00M $124.5M
YoY Change
Total Liabilities & Shareholders Equity $804.2M $804.2M $822.1M
YoY Change -2.18% -2.18% -2.24%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$15.16M -$68.53M -$12.47M
YoY Change 21.53% -34.5% -56.39%
Depreciation, Depletion And Amortization $10.10M $36.00M $8.405M
YoY Change 20.13% 5.26% -2.72%
Cash From Operating Activities -$17.75M $26.06M $543.0K
YoY Change -3369.24% -168.2% -101.18%
INVESTING ACTIVITIES
Capital Expenditures $8.800M $30.66M -$6.695M
YoY Change -231.44% -244.68% 250.52%
Acquisitions $7.019M
YoY Change 22.07%
Other Investing Activities -$113.0K -$19.52M -$1.000K
YoY Change 11200.0% 239.48% -100.01%
Cash From Investing Activities -$8.913M -$50.18M -$6.696M
YoY Change 33.11% 86.26% -206.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 -$9.682M $201.0K
YoY Change -100.0% -1189.09% 905.0%
Debt Paid & Issued, Net $4.156M
YoY Change 42.67%
Cash From Financing Activities 1.984M -15.62M 9.633M
YoY Change -79.4% 1234.79% 1906.88%
NET CHANGE
Cash From Operating Activities -17.75M 26.06M 543.0K
Cash From Investing Activities -8.913M -50.18M -6.696M
Cash From Financing Activities 1.984M -15.62M 9.633M
Net Change In Cash -24.68M -39.74M 3.480M
YoY Change -809.22% -40.08% -108.88%
FREE CASH FLOW
Cash From Operating Activities -$17.75M $26.06M $543.0K
Capital Expenditures $8.800M $30.66M -$6.695M
Free Cash Flow -$26.55M -$4.604M $7.238M
YoY Change -466.84% -72.94% -116.44%

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EarningsPerShareBasic
-1.75
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.21
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.28
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.75
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.21
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76823000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76653000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67994000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76823000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76653000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67994000 shares
CY2022 us-gaap Profit Loss
ProfitLoss
-68521000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-105865000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-142869000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1973000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5485000 usd
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-13190000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-66548000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-111350000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-156059000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1237000 usd
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-282000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-143000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
170000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-66548000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-109970000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-155947000 usd
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
194236000 usd
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7312000 usd
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-13190000 usd
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
370000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-142587000 usd
CY2020 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
56339000 usd
CY2020 desp Adjustment To Additional Paid In Capital Accretion Of Redeemable Non Convertible Preferred Shares Classified As Temporary Equity
AdjustmentToAdditionalPaidInCapitalAccretionOfRedeemableNonConvertiblePreferredSharesClassifiedAsTemporaryEquity
2831000 usd
CY2020 desp Adjustment To Additional Paid In Capital Accretion Of Cumulative Dividends On Redeemable Non Convertible Preferred Shares Classified As Temporary Equity
AdjustmentToAdditionalPaidInCapitalAccretionOfCumulativeDividendsOnRedeemableNonConvertiblePreferredSharesClassifiedAsTemporaryEquity
4212000 usd
CY2020 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
553000 usd
CY2020 desp Adjustments To Additional Paid In Capital Accretion Of Redeemable Non Controlling Interest
AdjustmentsToAdditionalPaidInCapitalAccretionOfRedeemableNonControllingInterest
78000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
93730000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12338000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5485000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1522000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-104628000 usd
CY2021 desp Adjustment To Additional Paid In Capital Accretion Of Redeemable Non Convertible Preferred Shares Classified As Temporary Equity
AdjustmentToAdditionalPaidInCapitalAccretionOfRedeemableNonConvertiblePreferredSharesClassifiedAsTemporaryEquity
10600000 usd
CY2021 desp Adjustment To Additional Paid In Capital Accretion Of Cumulative Dividends On Redeemable Non Convertible Preferred Shares Classified As Temporary Equity
AdjustmentToAdditionalPaidInCapitalAccretionOfCumulativeDividendsOnRedeemableNonConvertiblePreferredSharesClassifiedAsTemporaryEquity
15251000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
2000000 usd
CY2021 desp Adjustments To Additional Paid In Capital Accretion Of Redeemable Non Controlling Interest
AdjustmentsToAdditionalPaidInCapitalAccretionOfRedeemableNonControllingInterest
1355000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-31729000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7292000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1973000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
367000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-68521000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10000000 usd
CY2022 desp Adjustment To Additional Paid In Capital Accretion Of Redeemable Non Convertible Preferred Shares Classified As Temporary Equity
AdjustmentToAdditionalPaidInCapitalAccretionOfRedeemableNonConvertiblePreferredSharesClassifiedAsTemporaryEquity
11884000 usd
CY2022 desp Adjustment To Additional Paid In Capital Accretion Of Cumulative Dividends On Redeemable Non Convertible Preferred Shares Classified As Temporary Equity
AdjustmentToAdditionalPaidInCapitalAccretionOfCumulativeDividendsOnRedeemableNonConvertiblePreferredSharesClassifiedAsTemporaryEquity
15375000 usd
CY2022 desp Adjustments To Additional Paid In Capital Accretion Of Redeemable Non Controlling Interest
AdjustmentsToAdditionalPaidInCapitalAccretionOfRedeemableNonControllingInterest
473000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
2000000 usd
CY2022 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
3200000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-127150000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-68521000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-105865000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-142869000 usd
CY2022 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
0 usd
CY2021 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-1237000 usd
CY2020 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-282000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-11937000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3310000 usd
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-5066000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-2113000 usd
CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-841000 usd
CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2239000 usd
CY2022 desp Changes In Seller Indemnification
ChangesInSellerIndemnification
-2113000 usd
CY2021 desp Changes In Seller Indemnification
ChangesInSellerIndemnification
-841000 usd
CY2020 desp Changes In Seller Indemnification
ChangesInSellerIndemnification
2239000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-164000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
342000 usd
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2059000 usd
CY2022 us-gaap Depreciation
Depreciation
7018000 usd
CY2021 us-gaap Depreciation
Depreciation
6917000 usd
CY2020 us-gaap Depreciation
Depreciation
7981000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28985000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27288000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21699000 usd
CY2022 desp Write Offof Leasehold Improvements
WriteOffofLeaseholdImprovements
0 usd
CY2021 desp Write Offof Leasehold Improvements
WriteOffofLeaseholdImprovements
0 usd
CY2020 desp Write Offof Leasehold Improvements
WriteOffofLeaseholdImprovements
3661000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5106000 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1917000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
7292000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
12338000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
7312000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
5095000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
5319000 usd
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
3417000 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2428000 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1263000 usd
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2082000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
11981000 usd
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-12625000 usd
CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-21478000 usd
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
12747000 usd
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
3238000 usd
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
12270000 usd
CY2022 desp Provisions For Contingencies
ProvisionsForContingencies
18060000 usd
CY2021 desp Provisions For Contingencies
ProvisionsForContingencies
3862000 usd
CY2020 desp Provisions For Contingencies
ProvisionsForContingencies
11096000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16690000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
63003000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-108894000 usd
CY2022 us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
10179000 usd
CY2021 us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
6462000 usd
CY2020 us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
0 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-9610000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
12138000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-13897000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-28069000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14045000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-27105000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4398000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
21631000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-37750000 usd
CY2022 desp Increase Decrease In Due To Travel Suppliers
IncreaseDecreaseInDueToTravelSuppliers
837000 usd
CY2021 desp Increase Decrease In Due To Travel Suppliers
IncreaseDecreaseInDueToTravelSuppliers
44544000 usd
CY2020 desp Increase Decrease In Due To Travel Suppliers
IncreaseDecreaseInDueToTravelSuppliers
-75888000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-750000 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
29372000 usd
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-300000 usd
CY2022 desp Increase Decrease In Accrual For Loss Contingencies
IncreaseDecreaseInAccrualForLossContingencies
-22587000 usd
CY2021 desp Increase Decrease In Accrual For Loss Contingencies
IncreaseDecreaseInAccrualForLossContingencies
-1577000 usd
CY2020 desp Increase Decrease In Accrual For Loss Contingencies
IncreaseDecreaseInAccrualForLossContingencies
-3008000 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1900000 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
15418000 usd
CY2020 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-63810000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4589000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-5792000 usd
CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1990000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
9497000 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4534000 usd
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
10000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36702000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-36472000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-118345000 usd
CY2022 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
17562000 usd
CY2021 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
2169000 usd
CY2020 us-gaap Payments To Acquire Receivables
PaymentsToAcquireReceivables
0 usd
CY2022 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
7289000 usd
CY2021 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
433000 usd
CY2020 us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
0 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
7019000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5750000 usd
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-2743000 usd
CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
3190000 usd
CY2021 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
0 usd
CY2020 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
0 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4288000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2368000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3458000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
26372000 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
18823000 usd
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
14028000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51142000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28677000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14743000 usd
CY2022 desp Increase Decrease Of Short Term Debt
IncreaseDecreaseOfShortTermDebt
-57000 usd
CY2021 desp Increase Decrease Of Short Term Debt
IncreaseDecreaseOfShortTermDebt
-178000 usd
CY2020 desp Increase Decrease Of Short Term Debt
IncreaseDecreaseOfShortTermDebt
-14288000 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
31572000 usd
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
17034000 usd
CY2020 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
26970000 usd
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
9803000 usd
CY2020 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3943000 usd
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
640000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4156000 usd
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2913000 usd
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
375000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10000000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
CY2020 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
200000000 usd
CY2022 desp Payments For Issuance Costs Of Preferred Shares And Warrents
PaymentsForIssuanceCostsOfPreferredSharesAndWarrents
0 usd
CY2021 desp Payments For Issuance Costs Of Preferred Shares And Warrents
PaymentsForIssuanceCostsOfPreferredSharesAndWarrents
170000 usd
CY2020 desp Payments For Issuance Costs Of Preferred Shares And Warrents
PaymentsForIssuanceCostsOfPreferredSharesAndWarrents
12098000 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3200000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2022 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
4545000 usd
CY2021 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
0 usd
CY2020 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
0 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
340000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
889000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
370000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
17375000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
9972000 usd
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
553000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25301000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1170000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
173696000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5564000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-4943000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3767000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34177000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-71262000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
36841000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
279223000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
350485000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
313644000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245046000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
279223000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
350485000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8550000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2455000 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3427000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
8484000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
5161000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
4948000 usd
CY2022 desp Financed Portion Of Acquisition
FinancedPortionOfAcquisition
0 usd
CY2021 desp Financed Portion Of Acquisition
FinancedPortionOfAcquisition
0 usd
CY2020 desp Financed Portion Of Acquisition
FinancedPortionOfAcquisition
10168000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
Business<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Despegar.com, Corp. and its subsidiaries provide travel products and services to leisure and corporate travelers in several countries in Latin America and the United States, as well as advertising and media solutions to advertisers. We offer these travel products and services through our portfolio of key trademarks: “Despegar,” “Despegar.com”, “Decolar”, “Decolar.com”, “Best Day”, “BD Experience”, “HotelDo”, “Viajanet” and "Stays". Through Koin, the financial services company solution, we extend loans to our travel customers and certain consumers of other merchants. We refer to Despegar.com, Corp. and its subsidiaries collectively as the “Despegar Group”, the “Company”, “us”, “we” and “our”, as the context requires, in these consolidated financial statements.</span></div><div style="margin-top:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Impact of COVID-19</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The COVID-19 pandemic, and measures to contain the virus, had an unprecedented impact on the global travel industry and materially and negatively impacted our business, financial results and financial condition. With the evolution of milder COVID-19 variants, availability of multiple vaccine booster doses and increasing familiarity with the virus, many COVID-19 related travel restrictions have been lifted, and countries around the world reopened their borders for foreign travel. Overall, the full duration and total impact of COVID-19 remains uncertain, and it is difficult to predict how the recovery will unfold for the travel industry and, in particular, our business, going forward.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As a result of the deterioration of our business due to the COVID-19 pandemic, we incurred significant losses during 2020 and 2021 which increased our accumulated losses $643.3 million which led to a shareholders’ deficit of $127.2 million as of December 31, 2022. Nonetheless, in 2022, our revenues increased 67% as compared to 2021 although they did not reach yet reached pre-pandemic levels. We also experienced positive cash flows from operations during 2022. Our cash and cash equivalents balance amounted to $219.2 million as of December 31, 2022. We continuously monitor our business performance, revenue and costs, our current and projected liquidity and operating plans. These assessments require the use of various internal and external information to build projections, including estimates from industry associations, such as the International Air Transport Association (“IATA”), which is expecting that travel will continue to improve during the coming years. We have taken and continue to take actions to improve our liquidity, including managing our cost structure and spending where possible to mitigate any anticipated loss of revenue. The principal assumptions used in our cash flow analyses to estimate future liquidity requirements consisted of forecasting gross bookings and revenues, net of our most significant costs and expenses, forecasting working capital requirements and commitments, including but not limited to our preferred dividends, debt payments and acquisition commitments. Based on these actions and assumptions and considering our available cash and cash equivalents balance as of December 31, 2022, we anticipate that based on our current operating plan we have sufficient cash and cash equivalents to fund our operations and comply with our commitments for at least the next 12 months as from the issuance of these consolidated financial statements.</span></div>
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-643300000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-127200000 usd
CY2022 desp Percentage Of Increase In Revenue
PercentageOfIncreaseInRevenue
0.67
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
219200000 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
160240000 usd
CY2020 us-gaap Cost Of Revenue
CostOfRevenue
103825000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
83694000 usd
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
76415000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-105865000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-142869000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1237000 usd
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-282000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-104628000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-142587000 usd
CY2021 desp Accretion Of Redeemable Non Controlling Interest
AccretionOfRedeemableNonControllingInterest
1355000 usd
CY2020 desp Accretion Of Redeemable Non Controlling Interest
AccretionOfRedeemableNonControllingInterest
78000 usd
CY2021 desp Accretion Of Series A Non Convertible Preferred Shares
AccretionOfSeriesANonConvertiblePreferredShares
10600000 usd
CY2020 desp Accretion Of Series A Non Convertible Preferred Shares
AccretionOfSeriesANonConvertiblePreferredShares
2831000 usd
CY2021 desp Accrual Of Cumulative Dividends Of Series A Nonconvertible Preferred Shares
AccrualOfCumulativeDividendsOfSeriesANonconvertiblePreferredShares
15251000 usd
CY2020 desp Accrual Of Cumulative Dividends Of Series A Nonconvertible Preferred Shares
AccrualOfCumulativeDividendsOfSeriesANonconvertiblePreferredShares
4212000 usd
CY2021 desp Adjustments To Additional Paid In Capital Accrual Of Dividends Of Convertible Preferred Shares
AdjustmentsToAdditionalPaidInCapitalAccrualOfDividendsOfConvertiblePreferredShares
2000000 usd
CY2020 desp Adjustments To Additional Paid In Capital Accrual Of Dividends Of Convertible Preferred Shares
AdjustmentsToAdditionalPaidInCapitalAccrualOfDividendsOfConvertiblePreferredShares
553000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-133834000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-150261000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-133834000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-150261000 usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76653000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76653000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67994000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67994000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76653000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76653000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67994000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67994000 shares
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.75
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.75
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.21
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.21
CY2021Q4 desp Earning Per Share Correction Adjustment
EarningPerShareCorrectionAdjustment
0.11
CY2020Q4 desp Earning Per Share Correction Adjustment
EarningPerShareCorrectionAdjustment
0.15
CY2021Q4 desp Earning Per Share Correction Adjustment Percentage
EarningPerShareCorrectionAdjustmentPercentage
0.07
CY2020Q4 desp Earning Per Share Correction Adjustment Percentage
EarningPerShareCorrectionAdjustmentPercentage
0.07
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Accounting estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">We use estimates and assumptions in the preparation of our consolidated financial statements in accordance with U.S. GAAP. Our estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of our consolidated financial statements. These estimates and assumptions also affect the reported amount of net income or loss during any period. Our actual financial results could differ significantly from these estimates. The significant estimates underlying our consolidated financial statements include revenue recognition; allowance for credit expected losses; recoverability of long-lived assets, indefinite-lived intangible assets, and goodwill; income and transactional taxes; loss contingencies and acquisition purchase price allocations.</span></div>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Concentration of credit risk</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">Cash and cash equivalents, restricted cash and cash equivalents, accounts receivable and loans receivable are potentially subject to credit risk. However, there are not significant concentrations of credit risk arising from these financial instruments. We place our cash and cash equivalents and restricted cash and cash equivalents with several financial institutions in different countries and financial instruments that are highly liquid and highly rated. Our Mexican operations concentrate around 28% of our cash and cash equivalents balance as of December 31, 2022. Cash and cash equivalents balances in other countries do not exceed 15% of the total cash and cash equivalents as of December 31, 2022.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">Accounts receivable are derived from revenue earned from customers located internationally and are settled through customer credit cards, debit cards and other means of payment, with the majority of accounts receivable collected upon processing of credit card transactions. Due to the relatively small dollar amount of individual accounts receivable, we generally do not require collateral on these balances.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">We have also substantial credit risk primarily in our consumer loans held for investment. We are exposed to default risk on loan receivables. The ultimate collectability of a substantial portion of the loan portfolio is susceptible to changes in economic and market conditions. Loans receivables are concentrated in Brazil. Due to the relatively small dollar amount of individual loans receivable, we generally do not require collateral on these balances. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">We maintain an allowance for doubtful accounts based on management’s evaluation of various factors, including the credit risk of customers, historical trends, and other information. See Notes 9 and 10 for details.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:106%">In addition, our business is subject to certain risks and concentrations including our dependence on relationships with travel suppliers, primarily airlines and Expedia, Inc. (“Expedia”, a subsidiary of Expedia Group, Inc., a Delaware corporation, is a shareholder of record of the Company – see Note 9), dependence on third-party technology providers, exposure to risks associated with online commerce security and payment related fraud. We also rely on global distribution systems (“GDS”) providers and other third-party service providers for certain fulfillment services</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:106%">.</span></div>
CY2022 desp Revenue From Contract With Customer Billing Term
RevenueFromContractWithCustomerBillingTerm
P12M
CY2022 us-gaap Advertising Expense
AdvertisingExpense
102962000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
52480000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
27661000 usd
CY2021 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
463000 usd
CY2020 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
2265000 usd
CY2022 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
0 usd
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1 business
CY2022Q4 desp Number Of Payment Installments Remaining
NumberOfPaymentInstallmentsRemaining
2 installment
CY2021 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 business
CY2020 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 business
CY2020Q4 desp Earnout Performance Measurement Period
EarnoutPerformanceMeasurementPeriod
P6M
CY2020Q3 desp Business Combination Period Of Additional Purchase Option
BusinessCombinationPeriodOfAdditionalPurchaseOption
P36M
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1355000 usd
CY2020 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
78000 usd
CY2022Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
3200000 usd
CY2020Q3 desp Voting Rights Number Of Appointed Directors
VotingRightsNumberOfAppointedDirectors
1 director
CY2020Q3 desp Voting Rights Number Of Nonvoting Observers
VotingRightsNumberOfNonvotingObservers
1 observer
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Other Carrying Amount
RedeemableNoncontrollingInterestEquityOtherCarryingAmount
2596000 usd
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Other Carrying Amount
RedeemableNoncontrollingInterestEquityOtherCarryingAmount
2621000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1237000 usd
CY2022 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
131000 usd
CY2021 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
-143000 usd
CY2022 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
473000 usd
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1355000 usd
CY2022 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
3200000 usd
CY2021 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Other Carrying Amount
RedeemableNoncontrollingInterestEquityOtherCarryingAmount
0 usd
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Other Carrying Amount
RedeemableNoncontrollingInterestEquityOtherCarryingAmount
2596000 usd
CY2022 desp Preferred Stock Number Of Votes Per Share
PreferredStockNumberOfVotesPerShare
1 vote
CY2022 desp Debt Amount That Can Be Incurred In Terms Of Number Of Times The Product Of Earnings Before Interest Tax Depreciation And Amortisation
DebtAmountThatCanBeIncurredInTermsOfNumberOfTimesTheProductOfEarningsBeforeInterestTaxDepreciationAndAmortisation
0.010
CY2022 desp Temporary Equity Period During Which The Value Is Accreted To Its Redemption Worth
TemporaryEquityPeriodDuringWhichTheValueIsAccretedToItsRedemptionWorth
P5Y
CY2022Q4 desp Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
0 shares
CY2022Q4 desp Number Of Shares Of Common Stock Issuable For Each Share Of Temporary Equity Converted
NumberOfSharesOfCommonStockIssuableForEachShareOfTemporaryEquityConverted
108.1081 rate
CY2022Q4 desp Temporary Equity Conversion Rights Number Of Trading Days
TemporaryEquityConversionRightsNumberOfTradingDays
15 day
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
11585000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
10569000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6466000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
169000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5119000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
10400000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
29931000 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
16283000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
35050000 usd
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
26683000 usd
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
26683000 usd
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
19316000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3943000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
3927000 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
2913000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
641000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
718000 usd
CY2022 us-gaap Interest Paid
InterestPaid
229000 usd
CY2021 us-gaap Interest Paid
InterestPaid
241000 usd
CY2022 desp Debt Foreign Currency Translation Adjustment
DebtForeignCurrencyTranslationAdjustment
-3997000 usd
CY2021 desp Debt Foreign Currency Translation Adjustment
DebtForeignCurrencyTranslationAdjustment
-1474000 usd
CY2022 desp Proceeds From Short Term Debt Net
ProceedsFromShortTermDebtNet
13648000 usd
CY2021 desp Proceeds From Short Term Debt Net
ProceedsFromShortTermDebtNet
7334000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
35050000 usd
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
26683000 usd
CY2022Q4 desp Short Term Debt Number Of Loans
ShortTermDebtNumberOfLoans
5 loan
CY2022Q4 desp Short Term Debt Number Of Financial Institutions
ShortTermDebtNumberOfFinancialInstitutions
1 institution
CY2021Q4 desp Short Term Debt Number Of Loans
ShortTermDebtNumberOfLoans
4 loan
CY2021Q4 desp Short Term Debt Number Of Financial Institutions
ShortTermDebtNumberOfFinancialInstitutions
2 institution
CY2022Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.1269
CY2021Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0868
CY2022Q4 us-gaap Cash
Cash
65000 usd
CY2021Q4 us-gaap Cash
Cash
14000 usd
CY2022Q4 us-gaap Due From Banks
DueFromBanks
186539000 usd
CY2021Q4 us-gaap Due From Banks
DueFromBanks
181560000 usd
CY2022Q4 us-gaap Time Deposits At Carrying Value
TimeDepositsAtCarryingValue
17117000 usd
CY2021Q4 us-gaap Time Deposits At Carrying Value
TimeDepositsAtCarryingValue
22674000 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
15446000 usd
CY2021Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
41830000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
219167000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
246078000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
25879000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
33145000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
219167000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
246078000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
334430000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
25879000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
33145000 usd
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
16055000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245046000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
279223000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
350485000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
157927000 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
138891000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10529000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10911000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
147398000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
127980000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10911000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9543000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8233000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9438000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
8884000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
7127000 usd
CY2022 desp Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Adjustment
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationAdjustment
269000 usd
CY2021 desp Accounts Receivable Allowance For Credit Loss Foreign Currency Translation Adjustment
AccountsReceivableAllowanceForCreditLossForeignCurrencyTranslationAdjustment
-943000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10529000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10911000 usd
CY2022Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
11938000 usd
CY2021Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
2064000 usd
CY2022Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
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CY2021Q4 us-gaap Notes And Loans Receivable Net Current
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtWeightedAverageTaxRate
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtWeightedAverageTaxRate
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CY2020 desp Income Tax Reconciliation Income Tax Expense Benefit At Weighted Average Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtWeightedAverageTaxRate
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IncomeTaxReconciliationForeignNoncreditableWithholdingTax
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
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IncomeTaxReconciliationNondeductibleExpense
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IncomeTaxReconciliationForeignCurrencyAdjustments
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IncomeTaxReconciliationForeignCurrencyAdjustments
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CY2022 desp Income Tax Credits Recovery
IncomeTaxCreditsRecovery
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CY2021 desp Income Tax Credits Recovery
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CY2020 desp Income Tax Credits Recovery
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IncomeTaxReconciliationOtherReconcilingItems
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CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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IncomeTaxReconciliationOtherReconcilingItems
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CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2020 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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EffectiveIncomeTaxRateReconciliationTaxInflationAdjustment
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EffectiveIncomeTaxRateReconciliationTaxInflationAdjustment
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CY2022 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
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CY2021 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
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IncomeTaxReconciliationTaxHolidays
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CY2022 desp Income Tax Reconciliation True Up
IncomeTaxReconciliationTrueUp
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CY2021 desp Income Tax Reconciliation True Up
IncomeTaxReconciliationTrueUp
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CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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IncomeTaxReconciliationChangeInEnactedTaxRate
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IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021 us-gaap Share Based Compensation
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 desp Adjusted Earnings Before Income Tax Depreciation And Amortization
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CY2020 us-gaap Share Based Compensation
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CY2020 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Profit Loss
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NetIncomeLossAttributableToNoncontrollingInterest
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CY2020 us-gaap Net Income Loss
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Notes Receivable Gross
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
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CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
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CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
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CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
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CY2022 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
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CY2021 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
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CY2022Q4 desp Labor And Social Security Contingencies Related To Former Employees Litigation And Unasserted Labor Claims
LaborAndSocialSecurityContingenciesRelatedToFormerEmployeesLitigationAndUnassertedLaborClaims
2630000 usd
CY2021Q4 desp Labor And Social Security Contingencies Related To Former Employees Litigation And Unasserted Labor Claims
LaborAndSocialSecurityContingenciesRelatedToFormerEmployeesLitigationAndUnassertedLaborClaims
558000 usd
CY2022Q4 desp Tax Contingencies Related To Unasserted Claims In Jurisdiction
TaxContingenciesRelatedToUnassertedClaimsInJurisdiction
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CY2021Q4 desp Tax Contingencies Related To Unasserted Claims In Jurisdiction
TaxContingenciesRelatedToUnassertedClaimsInJurisdiction
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CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
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CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2020 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 desp Accretion Of Redeemable Non Controlling Interest
AccretionOfRedeemableNonControllingInterest
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CY2021 desp Accretion Of Redeemable Non Controlling Interest
AccretionOfRedeemableNonControllingInterest
1355000 usd
CY2020 desp Accretion Of Redeemable Non Controlling Interest
AccretionOfRedeemableNonControllingInterest
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CY2022 desp Accretion Of Series A Non Convertible Preferred Shares
AccretionOfSeriesANonConvertiblePreferredShares
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CY2021 desp Accretion Of Series A Non Convertible Preferred Shares
AccretionOfSeriesANonConvertiblePreferredShares
10600000 usd
CY2020 desp Accretion Of Series A Non Convertible Preferred Shares
AccretionOfSeriesANonConvertiblePreferredShares
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CY2022 desp Accrual Of Cumulative Dividends Of Series A Nonconvertible Preferred Shares
AccrualOfCumulativeDividendsOfSeriesANonconvertiblePreferredShares
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CY2021 desp Accrual Of Cumulative Dividends Of Series A Nonconvertible Preferred Shares
AccrualOfCumulativeDividendsOfSeriesANonconvertiblePreferredShares
15251000 usd
CY2020 desp Accrual Of Cumulative Dividends Of Series A Nonconvertible Preferred Shares
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CY2022 desp Adjustments To Additional Paid In Capital Accrual Of Dividends Of Convertible Preferred Shares
AdjustmentsToAdditionalPaidInCapitalAccrualOfDividendsOfConvertiblePreferredShares
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CY2021 desp Adjustments To Additional Paid In Capital Accrual Of Dividends Of Convertible Preferred Shares
AdjustmentsToAdditionalPaidInCapitalAccrualOfDividendsOfConvertiblePreferredShares
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CY2020 desp Adjustments To Additional Paid In Capital Accrual Of Dividends Of Convertible Preferred Shares
AdjustmentsToAdditionalPaidInCapitalAccrualOfDividendsOfConvertiblePreferredShares
553000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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-98253000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-98253000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76823000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76653000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76653000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67994000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76823000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76823000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76653000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76653000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67994000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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67994000 shares
CY2022 us-gaap Earnings Per Share Diluted
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-1.28
CY2022 us-gaap Earnings Per Share Basic
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-1.28
CY2021 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
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CY2022 desp Common Stock Number Of Votes Per Share
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CY2021Q4 us-gaap Preferred Stock Shares Outstanding
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2022Q4 desp Class Of Warrant Or Right Exercised
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0 shares
CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2021Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2022Q4 us-gaap Treasury Stock Common Value
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CY2021Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
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CY2022Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
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us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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us-gaap Treasury Stock Acquired Average Cost Per Share
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7.97
us-gaap Stock Repurchased During Period Value
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-1973000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
5485000 usd
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
13190000 usd
CY2022 desp Foreign Currency Transaction Gain Loss Financial Income Loss Net Before Tax
ForeignCurrencyTransactionGainLossFinancialIncomeLossNetBeforeTax
-39152000 usd
CY2021 desp Foreign Currency Transaction Gain Loss Financial Income Loss Net Before Tax
ForeignCurrencyTransactionGainLossFinancialIncomeLossNetBeforeTax
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ForeignCurrencyTransactionGainLossFinancialIncomeLossNetBeforeTax
11131000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2940000 usd
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1096000 usd
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
10648000 usd
CY2022 us-gaap Interest And Other Income
InterestAndOtherIncome
17980000 usd
CY2021 us-gaap Interest And Other Income
InterestAndOtherIncome
5972000 usd
CY2020 us-gaap Interest And Other Income
InterestAndOtherIncome
3857000 usd
CY2022 us-gaap Interest Expense
InterestExpense
8484000 usd
CY2021 us-gaap Interest Expense
InterestExpense
5686000 usd
CY2020 us-gaap Interest Expense
InterestExpense
5471000 usd
CY2022 desp Interest Expense Factoring Expenses
InterestExpenseFactoringExpenses
18463000 usd
CY2021 desp Interest Expense Factoring Expenses
InterestExpenseFactoringExpenses
5382000 usd
CY2020 desp Interest Expense Factoring Expenses
InterestExpenseFactoringExpenses
2194000 usd
CY2022 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1370000 usd
CY2021 us-gaap Interest Expense Deposits
InterestExpenseDeposits
278000 usd
CY2020 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1371000 usd
CY2022 desp Interest Income Expense Other
InterestIncomeExpenseOther
1090000 usd
CY2021 desp Interest Income Expense Other
InterestIncomeExpenseOther
772000 usd
CY2020 desp Interest Income Expense Other
InterestIncomeExpenseOther
-3690000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-45459000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10207000 usd
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12910000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
5055000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
12138000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
3648000 usd
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2537888 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.50
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
33133 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.31
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
1685242 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
17.05
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
819513 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.11
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
145485 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.00
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
46272 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
12.40
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
627756 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.00
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
48172 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.41
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
88527 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
11.28
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
491057 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.66
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
491057 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
9.66
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
0 usd
CY2022Q4 desp Share Based Compensation Arrangement By Share Based Payment Award Options Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIntrinsicValue
5.13
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6146000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10498000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7292000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12338000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7312000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
340000 usd
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
889000 usd
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
370000 usd
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1160817 shares
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1892459 shares
CY2022 desp Lessee Operating Lease Option To Extend Term
LesseeOperatingLeaseOptionToExtendTerm
P5Y
CY2022 desp Lessee Operating Lease Termination Term
LesseeOperatingLeaseTerminationTerm
P1Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.07
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
6190000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
7702000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6266000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5120000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3635000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3524000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2826000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
9300000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
30671000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7439000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
23232000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6081000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17151000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
8899000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
7702000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
10348000 usd

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