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SEC Filings

6-K
TRIVAGO N.V. filed this Form 6-K on 02/06/2019
Entire Document
 

trivago N.V. Condensed consolidated statements of cash flows
(€ thousands) (unaudited)
 
Three months ended December 31,
 
Twelve months ended December 31,
 
2018
 
2017
 
2018
 
2017
Operating activities:
 
 
 
 
 
 
 
Net income/(loss)
11,663

 
(9,596
)
 
(20,815
)
 
(13,049
)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in):
 
 
 
 
 
 
 
Depreciation (property and equipment and internal-use software and website development)
2,880

 
2,803

 
11,370

 
7,802

Amortization of intangible assets
421

 
422

 
1,684

 
3,220

Impairment of internal-use software and website development
292

 

 
1,437

 

Share-based compensation
5,488

 
3,715

 
20,702

 
16,025

Deferred income taxes
5,821

 
(2,861
)
 
(1,449
)
 
(4,851
)
Foreign exchange (gain) loss
247

 
(44
)
 
587

 
(217
)
Bad debt expense
310

 
(486
)
 
630

 
78

Non-cash charge, contribution from Parent

 
107

 

 
107

Gain on deconsolidation of entity

 
(2,007
)
 

 
(2,007
)
Loss on sale of fixed assets
215

 

 
605

 

Gain from equity method investment
22

 

 
(19
)
 

Changes in operating assets and liabilities:
 
 
 
 
 
 
 
Accounts receivable, including related party
4,585

 
27,728

 
(14,412
)
 
(29,734
)
Prepaid expense and other assets
2,827

 
(7,058
)
 
11,127

 
(10,434
)
Accounts payable
(16,192
)
 
(10,713
)
 
(18,012
)
 
13,590

Accrued expenses and other liabilities
(269
)
 
5,356

 
3,150

 
9,183

Deferred revenue
(1,454
)
 
(422
)
 
(773
)
 
3,863

Taxes payable/receivable, net
1,844

 
1,148

 
(396
)
 
(2,097
)
Net cash provided by/(used in) operating activities
18,700

 
8,092

 
(4,584
)
 
(8,521
)
 
 

 
 
 
 
 
 
Investing activities:
 
 
 
 
 
 
 
Acquisition of business, net of cash acquired

 

 

 
(673
)
Cash divested from deconsolidation

 
(249
)
 

 
(249
)
Capital expenditures, including internal-use software and website development
(2,603
)
 
(5,750
)
 
(24,779
)
 
(17,364
)
Proceeds from sale of fixed assets
549

 

 
634

 

Net cash used in investing activities
(2,054
)
 
(5,999
)
 
(24,145
)
 
(18,286
)
 
 

 
 
 
 
 
 
Financing activities:
 
 
 
 
 
 
 
Payments of initial public offering costs

 

 

 
(4,038
)
Dividends paid to NCI

 

 

 
(158
)
Net proceeds from issuance of common stock
150

 
1

 
161

 
42

Tax payments for shares withheld

 

 

 
(3,062
)
Net cash provided by/(used in) financing activities
150

 
1

 
161

 
(7,216
)
 
 

 
 
 
 
 
 

20