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SEC Filings

6-K
TRIVAGO N.V. filed this Form 6-K on 10/24/2018
Entire Document
 

trivago N.V. Condensed consolidated statements of cash flows
(€ thousands) (unaudited)
 
Three months ended September 30,
 
Nine months ended September 30,
 
2018
 
2017
 
2018
 
2017
Operating activities:
 
 
 
 
 
 
 
Net income/(loss)
10,053

 
(7,726
)
 
(32,478
)
 
(3,453
)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in):
 
 
 
 
 
 
 
Depreciation (property and equipment and internal-use software and website development)
2,961

 
1,869

 
8,490

 
4,999

Amortization of intangible assets
421

 
412

 
1,263

 
2,798

Impairment of internal-use software and website development

 

 
1,145

 

Share-based compensation
5,357

 
4,895

 
15,214

 
12,310

Deferred income taxes
7,101

 
(1,057
)
 
(7,270
)
 
(1,990
)
Foreign exchange (gain) loss
109

 
(307
)
 
340

 
(173
)
Bad debt expense
132

 
452

 
320

 
564

Loss on sale of fixed assets
383

 

 
390

 

Gain from equity method investment
(87
)
 

 
(41
)
 

Changes in operating assets and liabilities:
 
 
 
 
 
 
 
Accounts receivable, including related party
40,830

 
32,526

 
(18,997
)
 
(57,462
)
Prepaid expense and other assets
7,427

 
(733
)
 
8,300

 
(3,376
)
Accounts payable
(25,121
)
 
(42,226
)
 
(1,820
)
 
24,303

Accrued expenses and other liabilities
2,457

 
291

 
3,419

 
3,827

Deferred revenue
27

 
1,658

 
681

 
4,285

Taxes payable/receivable, net
(1,065
)
 
(6,041
)
 
(2,240
)
 
(3,245
)
Net cash provided by/(used in) operating activities
50,985

 
(15,987
)
 
(23,284
)
 
(16,613
)
 
 

 
 
 
 
 
 
Investing activities:
 
 
 
 
 
 
 
Acquisition of business, net of cash acquired

 
(673
)
 

 
(673
)
Capital expenditures, including internal-use software and website development
(4,893
)
 
(6,077
)
 
(22,176
)
 
(11,614
)
Proceeds from sale of fixed assets
59

 

 
85

 

Net cash used in investing activities
(4,834
)
 
(6,750
)
 
(22,091
)
 
(12,287
)
 
 

 
 
 
 
 
 
Financing activities:
 
 
 
 
 
 
 
Payments of initial public offering costs

 

 

 
(4,038
)
Dividends paid to NCI

 

 

 
(158
)
Net proceeds from issuance of common stock
3

 
41

 
11

 
41

Tax payments for shares withheld

 
(3,062
)
 

 
(3,062
)
Net cash provided by/(used in) financing activities
3

 
(3,021
)
 
11

 
(7,217
)
 
 

 
 
 
 
 
 
Effect of exchange rate changes on cash
35

 
(448
)
 
(67
)
 
(1,075
)
Net increase/(decrease) in cash, cash equivalents and restricted cash
46,189

 
(26,206
)
 
(45,431
)
 
(37,192
)
Cash, cash equivalents and restricted cash
 at beginning of the period
101,280

 
217,196

 
192,900

 
228,182

Cash, cash equivalents and restricted cash
 at end of the period
147,469

 
190,990

 
147,469

 
190,990

 
 
 
 
 
 
 
 

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