2024 Q3 Form 10-Q Financial Statement

#000182087224000041 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $597.0M $625.0M
YoY Change 4.55% 5.57%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $174.0M $179.0M
YoY Change -0.57% -5.79%
% of Gross Profit
Research & Development $112.0M $112.0M
YoY Change 10.89% 9.8%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $570.0M $583.0M
YoY Change -0.87% -1.19%
Operating Profit $27.00M $42.00M
YoY Change -775.0% 2000.0%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$15.00M -$1.000M
YoY Change 66.67% -80.0%
Pretax Income -$74.00M $1.000M
YoY Change 640.0% -101.75%
Income Tax $54.00M -$26.00M
% Of Pretax Income -2600.0%
Net Earnings -$128.0M $27.00M
YoY Change 1500.0% -149.09%
Net Earnings / Revenue -21.44% 4.32%
Basic Earnings Per Share -$0.28 $0.06
Diluted Earnings Per Share -$0.28 $0.06
COMMON SHARES
Basic Shares Outstanding 473.3M shares 472.6M shares
Diluted Shares Outstanding 462.3M shares 470.7M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $524.0M $515.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $691.0M $712.0M
Other Receivables $44.00M $50.00M
Total Short-Term Assets $1.394B $1.448B
YoY Change -5.11% -2.62%
LONG-TERM ASSETS
Property, Plant & Equipment $232.0M $231.0M
YoY Change 1.75% 1.32%
Goodwill $1.236B $1.207B
YoY Change 3.87% 0.0%
Intangibles $500.0M $505.0M
YoY Change -12.28% -15.41%
Long-Term Investments $14.00M $13.00M
YoY Change 7.69% 0.0%
Other Assets $61.00M $61.00M
YoY Change 0.0% 7.02%
Total Long-Term Assets $2.358B $2.334B
YoY Change -2.2% -6.38%
TOTAL ASSETS
Total Short-Term Assets $1.394B $1.448B
Total Long-Term Assets $2.358B $2.334B
Total Assets $3.752B $3.782B
YoY Change -3.3% -4.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $330.0M $333.0M
YoY Change -14.29% -13.73%
Accrued Expenses
YoY Change
Deferred Revenue $35.00M $18.00M
YoY Change 52.17% -33.33%
Short-Term Debt
YoY Change
Long-Term Debt Due $16.00M $7.000M
YoY Change 166.67% 16.67%
Total Short-Term Liabilities $892.0M $879.0M
YoY Change -3.36% -3.19%
LONG-TERM LIABILITIES
Long-Term Debt $1.368B $1.358B
YoY Change 1.11% 0.37%
Other Long-Term Liabilities $47.00M $33.00M
YoY Change 20.51% -35.29%
Total Long-Term Liabilities $1.415B $1.391B
YoY Change 1.65% -0.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $892.0M $879.0M
Total Long-Term Liabilities $1.415B $1.391B
Total Liabilities $2.646B $2.564B
YoY Change 0.8% -2.92%
SHAREHOLDERS EQUITY
Retained Earnings -$1.559B -$1.430B
YoY Change 12.16% 648.69%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $55.00M
YoY Change
Treasury Stock Shares
Shareholders Equity $1.101B $1.214B
YoY Change
Total Liabilities & Shareholders Equity $3.752B $3.782B
YoY Change -3.3% -4.97%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$128.0M $27.00M
YoY Change 1500.0% -149.09%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, supplier revenue, allowance for credit losses, depreciable lives of property and equipment, acquisition purchase price allocations including valuation of acquired intangible assets and goodwill and contingent consideration, valuation of operating lease right-of-use (“ROU”) assets, impairment of goodwill, other intangible assets, long-lived assets, capitalized client incentives and investments in equity method investments, valuation allowances on deferred income taxes, valuation of pensions, interest rate swaps, earnout shares and contingent liabilities. Actual results could differ materially from those estimates.</span></div>
us-gaap Use Of Estimates
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, supplier revenue, allowance for credit losses, depreciable lives of property and equipment, acquisition purchase price allocations including valuation of acquired intangible assets and goodwill and contingent consideration, valuation of operating lease right-of-use (“ROU”) assets, impairment of goodwill, other intangible assets, long-lived assets, capitalized client incentives and investments in equity method investments, valuation allowances on deferred income taxes, valuation of pensions, interest rate swaps, earnout shares and contingent liabilities. Actual results could differ materially from those estimates.</span></div>
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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
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Files In Submission

Name View Source Status
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0001820872-24-000041-index.html Edgar Link pending
0001820872-24-000041.txt Edgar Link pending
0001820872-24-000041-index-headers.html Edgar Link pending
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0001820872-24-000041.txt Edgar Link pending
0001820872-24-000041-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gbtg-20240630.htm Edgar Link pending
gbtg-20240630.xsd Edgar Link pending
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