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SEC Filings

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

Adjusted EBITDA does not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments;
Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs;
Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; and
Other companies, including companies in our own industry, may calculate adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.

The Company is not able to provide a reconciliation of this adjusted EBITDA guidance to net income/(loss), the comparable GAAP measure, because certain items that are excluded from adjusted EBITDA cannot be reasonably predicted or are not in our control. In particular, it is unable to forecast the timing or magnitude of share-based compensation, interest, taxes, depreciation and amortization without unreasonable efforts, and these items could significantly impact, either individually or in the aggregate, net income/(loss) in the future.

Tabular Reconciliations for Non-GAAP Measures
Adjusted EBITDA (Adjusted Earnings Before Interest, Taxes, Depreciation & Amortization and Share Based Compensation) (€ millions)

Three months ended June 30,

Six months ended June 30,

2018

2017

2018

2017
Net income/(loss)
(20.7
)

(3.4
)

(42.5
)

4.3

Income/(loss) from equity method investment
(0.0
)

0.0


(0.0
)

0.0

Income/(loss) before equity method investment
(20.7
)

(3.4
)

(42.5
)

4.3

Expense/(benefit) for income taxes
(6.6
)

0.3


(13.9
)

5.0

Income/(loss) before income taxes
(27.3
)

(3.1
)

(56.4
)

9.3

Add/(less):











Interest expense
0.3


0.0


0.3


0.0

Other, net
0.4


0.1


0.3


0.2

Operating income/(loss)
(26.6
)

(3.0
)

(55.8
)

9.5

Depreciation
3.1


1.7


5.5


3.2

Amortization of intangible assets
0.4


0.4


0.8


2.4

EBITDA
(23.1
)

(0.9
)

(49.5
)

15.1

Share-based compensation
5.4


4.1


9.9


7.4

Adjusted EBITDA
(17.7
)

3.2


(39.6
)

22.5

Note: Some figures may not add due to rounding.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance. These forward-looking statements are based on management’s expectations as of July 25, 2018 and assumptions which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. The use of words such as “intend” and “expect,” among others, generally identify forward-looking statements. However, these words are not the exclusive means of identifying such statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements and may include statements relating to future revenue, expenses, margins, profitability,

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