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SEC Filings

20-F
TRIVAGO N.V. filed this Form 20-F on 03/06/2018
Entire Document
 

trivago N.V.
Consolidated statements of operations
(Amounts in thousands, except per share amounts)
 
Year ended December 31,
 
 
2015

 
2016

 
2017

Revenue
 
298,842

 
485,942

 
667,802

Revenue from related party
 
194,241

 
268,227

 
367,581

Total revenue
 
493,083

 
754,169

 
1,035,383

Costs and expenses:
 

 
 
 
 
Cost of revenue, excluding amortization(1)(3)
 
2,946

 
4,273

 
5,930

Selling and marketing(1)(3) 
 
461,219

 
673,224

 
946,925

Technology and content (1)(2)(3) 
 
28,693

 
51,658

 
52,232

General and administrative (1)(2)(3) 
 
18,065

 
55,602

 
47,444

Amortization of intangible assets(2)
 
30,030

 
13,857

 
3,220

Operating income (loss)
 
(47,870
)
 
(44,445
)
 
(20,368
)
Other income (expense)
 

 
 
 
 
Interest expense
 
(147
)
 
(137
)
 
(44
)
Gain on deconsolidation of entity
 

 

 
2,007

Other, net
 
(2,667
)
 
(139
)
 
592

Total other income (expense), net
 
(2,814
)
 
(276
)
 
2,555

Income (loss) before income taxes
 
(50,684
)
 
(44,721
)
 
(17,813
)
Expense (benefit) for income taxes
 
(11,318
)
 
6,670

 
(4,764
)
Net loss
 
(39,366
)
 
(51,391
)
 
(13,049
)
Net loss attributable to noncontrolling interests
 
239

 
710

 
568

Net loss attributable to trivago N.V.
 
(39,127
)
 
(50,681
)
 
(12,481
)
 
 
 
 
 
 
 
Earnings per share attributable to trivago N.V. available to common stockholders(4):
Basic and diluted
 


 
0.00

 
(0.05
)
Shares used in computing earnings per share:
 

 

 

Basic and diluted
 

 
237,811
 
274,666
 
 
 
 
 
 
 
(1) Includes share-based compensation as follows:
 

 
 
 
 
Cost of revenue
 
238

 
737

 
115

Selling and marketing
 
3,360

 
10,913

 
3,514

Technology and content, net of capitalized internal-use software and website development costs
 
4,545

 
15,816

 
3,614

General and administrative
 
5,986

 
26,256

 
8,782

(2) Includes depreciation and amortization as follows:
 
 
 
 
 
 
Internal use software and website development costs included in technology and content
 
475

 
1,410

 
1,742

Internal use software included in general and administrative
 

 

 
408

Acquired technology included in amortization of intangible assets
 
19,927

 
3,750

 
59

(3) Includes related party expense as follows:
 

 
 
 
 
Cost of revenue
 

 

 
50

Selling and marketing
 

 

 
2

Technology and content
 

 

 
361

General and administrative
 
3,015

 
5,128

 
742

(4) Represents earnings per share of Class A and Class B common stock and weighted-average shares of Class A and Class B common stock outstanding for the period from December 16, 2016 to December 31, 2016, the period following the capitalization of the parent company and IPO, and for the period from January 1, 2017 to December 31, 2017 (see Note 14).
We have reclassified certain amounts related to our prior period results to conform to current period presentation. See notes to trivago N.V. consolidated financial statements

F-4