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SEC Filings

6-K
TRIVAGO N.V. filed this Form 6-K on 07/25/2018
Entire Document
 

trivago N.V. Condensed consolidated statements of cash flows
(€ thousands) (unaudited)
 
Three months ended June 30,
 
Six months ended June 30,
 
2018
 
2017
 
2018
 
2017
Operating activities:
 
 
 
 
 
 
 
Net income/(loss)
(20,733
)
 
(3,385
)
 
(42,531
)
 
4,273

Adjustments to reconcile net income/(loss) to net cash used:
 
 
 
 
 
 
 
Depreciation (property and equipment and internal-use software and website development)
3,106

 
1,655

 
5,529

 
3,130

Amortization of intangible assets
421

 
388

 
842

 
2,386

Impairment of internal-use software and website development
980

 

 
1,145

 

Share-based compensation
5,355

 
4,111

 
9,857

 
7,415

Deferred income taxes
(6,578
)
 
245

 
(14,371
)
 
(933
)
Foreign exchange (gain) loss
365

 
58

 
231

 
134

Bad debt expense
61

 
83

 
188

 
112

(Gain)/loss on sale of fixed assets
5

 

 
7

 

Loss from equity method investment
29

 

 
46

 

Changes in operating assets and liabilities:
 
 
 
 
 
 
 
Accounts receivable, including related party
(17,388
)
 
(28,061
)
 
(59,827
)
 
(89,988
)
Prepaid expense and other assets
1,492

 
(3,675
)
 
873

 
(2,643
)
Accounts payable
(13,137
)
 
30,844

 
23,301

 
66,529

Accrued expenses and other liabilities
(241
)
 
2,252

 
962

 
3,536

Deferred revenue
(472
)
 
158

 
654

 
2,627

Taxes payable/receivable, net
(416
)
 
(1,112
)
 
(1,175
)
 
2,796

Net cash used in operating activities
(47,151
)
 
3,561

 
(74,269
)
 
(626
)
 
 

 
 
 
 
 
 
Investing activities:
 
 
 
 
 
 
 
Capital expenditures, including internal-use software and website development
(11,525
)
 
(3,179
)
 
(17,283
)
 
(5,537
)
Proceeds from sale of fixed assets
7

 

 
26

 

Net cash used in investing activities
(11,518
)
 
(3,179
)
 
(17,257
)
 
(5,537
)
 
 

 
 
 
 
 
 
Financing activities:
 
 
 
 
 
 
 
Payments of initial public offering costs

 

 

 
(4,038
)
Dividends paid to NCI

 

 

 
(158
)
Net proceeds from issuance of common stock
2

 

 
8

 

Net cash (used in)/provided by financing activities
2

 

 
8

 
(4,196
)
 
 

 
 
 
 
 
 
Effect of exchange rate changes on cash
230

 
(606
)
 
(102
)
 
(627
)
Net decrease in cash, cash equivalents and restricted cash
(58,437
)
 
(224
)
 
(91,620
)
 
(10,986
)
Cash, cash equivalents and restricted cash
 at beginning of the period
159,717

 
217,420

 
192,900

 
228,182

Cash, cash equivalents and restricted cash
 at end of the period
101,280

 
217,196

 
101,280

 
217,196

 
 
 
 
 
 
 
 

18