|TRIVAGO N.V. filed this Form 6-K on 04/25/2018|
and other current assets increased by €0.7 million as of March 31, 2018 compared to December 31, 2017 because of increased prepayments on TV spot production and advertising expenses.
The decrease in cash, cash equivalents and restricted cash was further driven by negative cash flow from investing activities of €5.7 million, which predominantly consisted of capital expenditures, including internal-use software and website development.
Our current ratio decreased from 3.7 as of December 31, 2017 to 2.6 as of March 31, 2018 as a result of the movement in our accounts receivables and accounts payables.
Our plan to move into a newly leased campus building in Düsseldorf's Media Harbor results in a steadily increasing capitalization of capital lease costs on the balance sheet, amounting to €103.6 million as of March 31, 2018 compared to €92.3 million as of December 31, 2017.
The Australian Competition and Consumer Commission, or ACCC, has requested information and documents from us relating to our advertisements in Australia concerning the hotel prices available on our Australian site and our strike-through pricing practice, which is the display adjacent to the price quote in the top position in our search results of a higher price that is crossed out. We submitted this information to the ACCC in February 2018, and are planning to complete our provision of documents at the end of April 2018. We are unable to estimate this matter’s potential effect on our financial position and results of operations.
trivago N.V. and certain of its management board members are the subject of two putative class actions that were filed in the United States District Court for the Southern District of New York following the announcement by the U.K. Competition and Markets Authority of its industry-wide investigation into online hotel booking sites. These two actions have since been consolidated into a single action, and an amended complaint was filed in that action on March 30, 2018. The amended complaint asserts claims under the Exchange Act of 1934, as amended, and the Securities Act of 1933, as amended, on behalf of persons who purchased or otherwise acquired trivago’s American Depositary Receipts pursuant and/or traceable to the registration statement and prospectus issued in connection with our IPO on or about December 16, 2016 and/or on the open market between December 16, 2016 and October 25, 2017. The complaint also names underwriters of our initial public offering as defendants. We are unable to estimate this matter’s potential effect on our financial position and results of operations.
The outcomes of these matters could have a material adverse effect on our business, financial condition or results of operations.