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SEC Filings

20-F
TRIVAGO N.V. filed this Form 20-F on 03/06/2018
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4.Fair value measurement
The redeemable noncontrolling interest is measured at fair value on a recurring basis as of December 31, 2016 and is classified using the fair value hierarchy in the tables below:

 
December 31, 2016
(in thousands)
 
Total

 
Level 1

 
Level 2

 
Level 3

Redeemable noncontrolling interest:
 

 

 

 

Put/call option
 
351

 

 

 
351

Total mezzanine equity
 
351

 

 

 
351

There is no redeemable noncontrolling interest as of December 31, 2017 as a result of the deconsolidation of myhotelshop during December 2017.
See Note 12 - Redeemable noncontrolling interests for further information on the fair value of the put/call option classified as Level 3. As of December 31, 2016, the carrying value of our credit facility approximates fair value, and the balance was zero as of December 31, 2017. For the years ended December 31, 2016 and 2017, we had no financial assets classified as Level 2 or 3. See Note 2 - Significant accounting policies for more information.

5.Prepaid expenses and other current assets
 
 
As of December 31,
(in thousands)
 
2016

 
2017

Prepaid advertising
 
5,303

 
12,577

Other prepaid expenses
 
3,301

 
3,755

Other assets
 
2,925

 
2,426

Total
 
11,529

 
18,758


6.Property and equipment, net

 
As of December 31,
(in thousands)
 
2016

 
2017

Capitalized software and software development costs
 
7,302

 
13,287

Computer equipment
 
8,358

 
13,387

Furniture and fixtures
 
2,743

 
3,620

Office equipment
 
1,009

 
786

Leasehold improvements
 
1,811

 
3,985

Subtotal
 
21,223

 
35,065

Less: accumulated depreciation
 
10,096

 
17,695

Construction in process
 
35,735

 
97,101

Property and equipment, net
 
46,862

 
114,471

As of December 31, 2016 and 2017, our internally developed capitalized software development costs, net of accumulated amortization, were €2.6 million and €3.6 million, respectively.

F-22