$GBTG
Global Business Travel Group, Inc.

2023 Q3 Form 10-Q Financial Statement

#000141057823001664 Filed on August 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $571.0M $592.0M
YoY Change 17.01% 21.81%
Cost Of Revenue $237.0M $242.0M
YoY Change 9.22% 21.61%
Gross Profit $334.0M $350.0M
YoY Change 23.25% 21.95%
Gross Profit Margin 58.49% 59.12%
Selling, General & Admin $175.0M $190.0M
YoY Change 0.0% 11.11%
% of Gross Profit 52.4% 54.29%
Research & Development $101.0M $102.0M
YoY Change 3.06% 7.37%
% of Gross Profit 30.24% 29.14%
Depreciation & Amortization $50.00M $49.00M
YoY Change 11.11% 8.89%
% of Gross Profit 14.97% 14.0%
Operating Expenses $575.0M $590.0M
YoY Change 7.88% 16.83%
Operating Profit -$4.000M $2.000M
YoY Change -91.11% -110.53%
Interest Expense $36.00M $35.00M
YoY Change 38.46% 45.83%
% of Operating Profit 1750.0%
Other Income/Expense, Net -$9.000M -$5.000M
YoY Change 80.0% -350.0%
Pretax Income -$10.00M -$57.00M
YoY Change -87.8% 1040.0%
Income Tax -$2.000M -$2.000M
% Of Pretax Income
Net Earnings -$8.000M -$55.00M
YoY Change -89.04% 2650.0%
Net Earnings / Revenue -1.4% -9.29%
Basic Earnings Per Share $0.00 -$0.23
Diluted Earnings Per Share -$0.02 -$0.23
COMMON SHARES
Basic Shares Outstanding 465.0M 61.85M
Diluted Shares Outstanding 457.7M shares 61.85M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $432.0M $335.0M
YoY Change 38.46% -24.89%
Cash & Equivalents $432.0M $335.0M
Short-Term Investments
Other Short-Term Assets $109.0M $124.0M
YoY Change -3.54% 72.22%
Inventory
Prepaid Expenses
Receivables $851.0M $953.0M
Other Receivables $40.00M $44.00M
Total Short-Term Assets $1.469B $1.487B
YoY Change 13.17% 15.81%
LONG-TERM ASSETS
Property, Plant & Equipment $228.0M $228.0M
YoY Change 5.07% 8.57%
Goodwill $1.190B $1.207B
YoY Change 3.66% -8.0%
Intangibles $570.0M $597.0M
YoY Change -11.9% -12.46%
Long-Term Investments $13.00M $13.00M
YoY Change 0.0% -7.14%
Other Assets $61.00M $57.00M
YoY Change 35.56% 67.65%
Total Long-Term Assets $2.411B $2.493B
YoY Change 0.37% -2.88%
TOTAL ASSETS
Total Short-Term Assets $1.469B $1.487B
Total Long-Term Assets $2.411B $2.493B
Total Assets $3.880B $3.980B
YoY Change 4.86% 3.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $385.0M $386.0M
YoY Change 13.57% 40.88%
Accrued Expenses $380.0M $366.0M
YoY Change 12.76% 5.17%
Deferred Revenue $23.00M $27.00M
YoY Change 4.55% 12.5%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $6.000M
YoY Change 100.0% 100.0%
Total Short-Term Liabilities $923.0M $908.0M
YoY Change 10.54% 16.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.353B $1.353B
YoY Change 11.08% 11.08%
Other Long-Term Liabilities $39.00M $51.00M
YoY Change 14.71% 104.0%
Total Long-Term Liabilities $1.392B $1.404B
YoY Change 11.18% 12.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $923.0M $908.0M
Total Long-Term Liabilities $1.392B $1.404B
Total Liabilities $2.625B $2.641B
YoY Change 3.71% 2.17%
SHAREHOLDERS EQUITY
Retained Earnings -$1.390B -$191.0M
YoY Change 839.19% 49.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.252B $177.0M
YoY Change
Total Liabilities & Shareholders Equity $3.880B $3.980B
YoY Change 4.86% 3.35%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$8.000M -$55.00M
YoY Change -89.04% 2650.0%
Depreciation, Depletion And Amortization $50.00M $49.00M
YoY Change 11.11% 8.89%
Cash From Operating Activities $135.0M $46.00M
YoY Change -266.67% -129.68%
INVESTING ACTIVITIES
Capital Expenditures $28.00M $27.00M
YoY Change -190.32% -228.57%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$5.000M
YoY Change
Cash From Investing Activities -$29.00M -$32.00M
YoY Change -6.45% 52.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.000M 1.000M
YoY Change -60.0% -99.67%
NET CHANGE
Cash From Operating Activities 135.0M 46.00M
Cash From Investing Activities -29.00M -32.00M
Cash From Financing Activities -2.000M 1.000M
Net Change In Cash 104.0M 15.00M
YoY Change -188.89% -88.37%
FREE CASH FLOW
Cash From Operating Activities $135.0M $46.00M
Capital Expenditures $28.00M $27.00M
Free Cash Flow $107.0M $19.00M
YoY Change -314.0% -114.18%

Facts In Submission

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NetIncomeLossAvailableToCommonStockholdersBasic
-16000000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21000000
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-41000000
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-23000000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-66000000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-55000000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-2000000
us-gaap Profit Loss
ProfitLoss
-82000000
us-gaap Profit Loss
ProfitLoss
-93000000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61852280
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48867969
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61118570
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48867969
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1003771
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1003771
CY2022Q2 gbtg Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Common Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfCommonStock
394448481
gbtg Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Common Stock
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfCommonStock
394448481
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61852280
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
444320221
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61118570
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
444320221
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2023Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-17000000
CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
36000000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-12000000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
36000000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2000000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
4000000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
8000000
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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