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SEC Filings

20-F
TRIVAGO N.V. filed this Form 20-F on 03/06/2018
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(In thousands, except per share data)
December 16, 2016
through
December 31, 2016
 
January 1, 2017
through
December 31, 2017
Numerator:
 
 
 
Net income (loss)
1,185

 
(13,049
)
Less: net income attributable to noncontrolling interest
285

 
568

Net income (loss) attributable to trivago N.V.
900

 
(12,481
)
Denominator:
 
 
 
Weighted average shares of Class A and Class B common stock outstanding - basic and diluted
237,811

 
274,666

 
 
 
 
Earnings per share attributable to trivago N.V. available to Class A and Class B common stockholders - basic and diluted

 
(0.05
)
Diluted weighted average common shares outstanding does not include the effects of the exercise of outstanding stock options as the inclusion of these instruments would have been anti-dilutive.

15.Other, net
For the years ended December 31, 2015, 2016 and 2017, Other, net were primarily made up of the following: (i) foreign exchange rate gains (losses) due to the revaluation of foreign currency receivables and payables and, (ii) the reversal of an indemnification asset related to an uncertain tax position and the related interest - See Note 11 - Income taxes for details, (iii) income from ADSs offset by custodial fees related to ADSs, and (iv) government subsidies for research and development activities.
 
 
Year ended December 31,
(in thousands)
 
2015

 
2016

 
2017

Foreign exchange rate gains (losses), net
 
(1,006
)
 
16

 
120

Indemnification asset and related interest
 
(1,661
)
 

 

Net income from ADS fees
 

 

 
294

Government subsidies
 

 

 
115

Other income (expenses)
 

 
(155
)
 
63

Total
 
(2,667
)
 
(139
)
 
592


16.Commitments and contingencies
Credit facility, purchase obligations and guarantees
We have commitments and obligations which include purchase commitments, which could potentially require our payment in the event of demands by third parties or contingent events. Commitments and obligations as of December 31, 2017 were as follows:


 
By Period
 
(in thousands)
 
Total
 
Less than 
1 year
 
1 to 3 years
 
3 to 5 years
 
More than 
5 years
Purchase obligations
 
13,259

 
13,259

 

 

 


Our purchase obligations represent minimum obligations we have under agreements with certain of our vendors and marketing partners. These minimum obligations are less than our projected use for those periods. Payments may be more than the minimum obligations based on actual use.
Lease commitments
We have contractual obligations in the form of operating leases for office space and related office equipment. Certain leases contain periodic rent escalation adjustments and renewal options. Rent expense related to such leases is recorded on a straight-line basis over the lease term. Lease obligations expire at various dates through 2038. For the years ended December 31, 2015, 2016 and 2017, our rental expense was €3.3 million, €4.6 million and €4.8 million, respectively.
Currently recognized on our balance sheet as of December 31, 2017 is an asset retirement obligation of €1.0 million related to our main headquarters located in Düsseldorf, Germany.
We have certain operating lease agreements that require us to decommission physical space for which we have not yet recorded an asset retirement obligation. Due to the uncertainty of specific decommissioning obligations, timing and related costs, we cannot reasonably estimate an asset retirement obligation for these properties and we have not recorded a liability at this time for such properties.

F-32