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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 cash flows
(in thousands)
 
 
Year ended December 31,
 
 
2015

 
2016

 
2017

Operating activities:
 
 
 
 
 
 
Net loss
 
(39,366
)
 
(51,391
)
 
(13,049
)
Adjustments to reconcile net loss to net cash used:
 


 
 
 
 
Depreciation (property and equipment and internal-use software and website development)
 
2,649

 
5,083

 
7,802

Amortization of intangible assets
 
30,030

 
13,857

 
3,220

Share-based compensation (See Note 10)
 
14,129

 
53,722

 
16,025

Deferred income taxes
 
(10,444
)
 
(4,838
)
 
(4,851
)
Foreign exchange (gain) loss
 
960

 
(16
)
 
(217
)
Bad debt (recovery) expense
 
(410
)
 
1,589

 
78

Non-cash charge, contribution from Parent
 
2,826

 
4,185

 
107

Gain on deconsolidation of entity
 

 

 
(2,007
)
Changes in operating assets and liabilities, net of effects from of businesses acquired:
 


 
 
 
 
Restricted cash
 
(184
)
 
(199
)
 
(1,815
)
Accounts receivable, including related party
 
(18,540
)
 
(11,256
)
 
(29,734
)
Prepaid expense and other assets
 
63

 
(6,945
)
 
(10,434
)
Accounts payable
 
13,102

 
13,879

 
13,590

Accrued expenses and other liabilities
 
2,415

 
7,486

 
9,183

Deferred revenue
 
1,780

 
2,814

 
3,863

Taxes payable/receivable, net
 
(25
)
 
3,177

 
(2,097
)
Net cash (used in) / provided by operating activities
 
(1,015
)
 
31,147

 
(10,336
)
Investing activities:
 


 
 
 
 
Acquisition of business, net of cash acquired
 
(286
)
 

 
(673
)
Acquisition of redeemable noncontrolling interests
 

 
(874
)
 

Cash divested from deconsolidation
 

 

 
(249
)
Capital expenditures, including internal-use software and website development
 
(6,224
)
 
(8,121
)
 
(17,364
)
Net cash used in investing activities
 
(6,510
)
 
(8,995
)
 
(18,286
)
Financing activities:
 


 
 
 
 
Payments of initial public offering costs
 

 
(882
)
 
(4,038
)
Dividends paid to NCI
 

 

 
(158
)
Proceeds from issuance of credit facility
 
20,000

 
20,000

 

Payments on credit facility
 

 
(40,000
)
 

Payment of loan to shareholder
 
(7,129
)
 

 

Payment of loan to related party
 
(1,039
)
 

 

Net proceeds from issuance of common stock
 

 
207,840

 

Proceeds from exercise of option awards
 
10

 
686

 
42

Proceeds from issuance of loan from related party
 
7,129

 

 

Tax payments for shares withheld
 

 

 
(3,062
)
Net cash (used in) / provided by financing activities
 
18,971

 
187,644

 
(7,216
)
Effect of exchange rate changes on cash
 
(32
)
 
(54
)
 
(1,259
)
Net increase (decrease) in cash
 
11,414

 
209,742

 
(37,097
)
Cash and cash equivalents at beginning of year
 
6,142

 
17,556

 
227,298

Cash and cash equivalents at end of year
 
17,556

 
227,298

 
190,201

 
 
 
 
 
 
 

F-9