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SEC Filings

6-K
TRIVAGO N.V. filed this Form 6-K on 04/25/2018
Entire Document
 

trivago N.V. Condensed consolidated statements of cash flows
(€ thousands) (unaudited)
 
Three months ended
 
March 31, 2018
 
March 31, 2017
Operating activities:
 
 
 
Net income/(loss)
(21,798
)
 
7,658

Adjustments to reconcile net income/(loss) to net cash used:
 
 
 
Depreciation (property and equipment and internal-use software and website development)
2,423

 
1,475

Amortization of intangible assets
421

 
1,998

Impairment of intangible assets
165

 

Share-based compensation
4,502

 
3,304

Deferred income taxes
(7,793
)
 
(1,178
)
Foreign exchange (gain) loss
(134
)
 
76

Bad debt expense
127

 
29

Loss on sale of fixed assets
2

 

Loss from equity method investment
17

 

Changes in operating assets and liabilities:
 
 
 
Accounts receivable, including related party
(42,439
)
 
(61,927
)
Prepaid expense and other assets
(619
)
 
1,032

Accounts payable
36,438

 
35,685

Accrued expenses and other liabilities
1,203

 
1,284

Deferred revenue
1,126

 
2,469

Taxes payable/receivable, net
(759
)
 
3,908

Net cash used in operating activities
(27,118
)
 
(4,187
)
 
 

 
 
Investing activities:
 
 
 
Capital expenditures, including internal-use software and website development
(5,758
)
 
(2,358
)
Proceeds from sale of fixed assets
19

 

Net cash used in investing activities
(5,739
)
 
(2,358
)
 
 

 
 
Financing activities:
 
 
 
Payments of initial public offering costs

 
(4,038
)
Dividends paid to NCI

 
(158
)
Proceeds from exercise of option awards
6

 

Net cash (used in)/provided by financing activities
6

 
(4,196
)
 
 

 
 
Effect of exchange rate changes on cash
(332
)
 
(21
)
Net decrease in cash, cash equivalents and restricted cash
(33,183
)
 
(10,762
)
Cash, cash equivalents and restricted cash
 at beginning of the period
192,900

 
228,182

Cash, cash equivalents and restricted cash
 at end of the period
159,717

 
217,420

 
 
 
 

16