Global Business Travel Group Inc. (GBTG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
666 THIRD AVENUE NEW YORK, NY 10017 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 47 - Transportation Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 476 | 303 | 0 | 0 | |||
| Cash and cash equivalents | 476 | 303 | 0 | 0 | |||
| Receivables | 778 | 853 | |||||
| Prepaid expense | 57 | 26 | 0 | 1 | |||
| Other undisclosed current assets | 49 | 52 | |||||
| Total current assets: | 1,360 | 1,234 | 1 | 1 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 50 | 58 | |||||
| Property, plant and equipment | 218 | ||||||
| Long-term investments and receivables | 14 | 14 | |||||
| Long-term investments | 14 | 14 | |||||
| Intangible assets, net (including goodwill) | 1,764 | 1,824 | |||||
| Goodwill | 1,212 | 1,188 | |||||
| Intangible assets, net (excluding goodwill) | 552 | 636 | |||||
| Asset, held-in-trust | 817 | 817 | |||||
| Deferred income tax assets | 281 | 333 | |||||
| Other noncurrent assets | 50 | 47 | |||||
| Other undisclosed noncurrent assets | 232 | ||||||
| Total noncurrent assets: | 2,391 | 2,494 | 817 | 817 | |||
| TOTAL ASSETS: | 3,751 | 3,728 | 818 | 818 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 517 | 476 | 7 | 0 | |||
| Accounts payable | 302 | 253 | |||||
| Accrued liabilities | 215 | 223 | |||||
| Other undisclosed accounts payable and accrued liabilities | 7 | 0 | |||||
| Deferred revenue | 19 | 19 | |||||
| Debt | 7 | 5 | 6 | 2 | |||
| Restructuring reserve | 30 | 11 | |||||
| Other liabilities | 39 | ||||||
| Due to related parties | ✕ | ✕ | 48 | 2 | 0 | ||
| Other undisclosed current liabilities | 219 | 214 | |||||
| Total current liabilities: | 831 | 773 | 14 | 2 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 1,355 | 1,219 | |||||
| Long-term debt, excluding current maturities | 1,355 | 1,219 | |||||
| Liabilities, other than long-term debt | 299 | 312 | |||||
| Deferred revenue | 9 | 19 | |||||
| Asset retirement obligations | 14 | 18 | |||||
| Deferred income tax liabilities | 5 | 24 | |||||
| Liability, pension and other postretirement and postemployment benefits | 183 | 147 | |||||
| Other liabilities | 33 | 43 | |||||
| Operating lease, liability | 55 | 61 | |||||
| Other undisclosed noncurrent liabilities | 54 | 53 | 85 | 103 | |||
| Total noncurrent liabilities: | 1,708 | 1,584 | 85 | 103 | |||
| Total liabilities: | 2,539 | 2,357 | 99 | 105 | |||
| Temporary equity, carrying amount | 817 | 817 | |||||
| Equity | |||||||
| Equity, attributable to parent, including: | 1,208 | 152 | (98) | (104) | |||
| Additional paid in capital | 2,748 | 334 | |||||
| Accumulated other comprehensive loss | (103) | (7) | |||||
| Accumulated deficit | (1,437) | (175) | (98) | (104) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | |||||
| Equity, attributable to noncontrolling interest | 4 | 1,219 | |||||
| Other undisclosed equity | 922 | ||||||
| Total equity: | 1,212 | 1,371 | (98) | 818 | |||
| Other undisclosed liabilities and equity | (922) | ||||||
| TOTAL LIABILITIES AND EQUITY: | 3,751 | 3,728 | 818 | 818 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 2,290 | 1,851 | ||||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (9) | (19) | ||||
| Gross profit: | 2,281 | 1,832 | ||||
| Operating expenses | (2,298) | (2,049) | (13) | (1) | ||
| Other undisclosed operating income | 9 | 19 | ||||
| Operating income (loss): | (8) | (198) | (13) | (1) | ||
| Nonoperating income (expense) | (9) | 1 | 19 | (19) | ||
| Other nonoperating income (expense) | (10) | 1 | 19 | (19) | ||
| Interest and debt expense | (141) | (98) | (0) | (0) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 13 | 8 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (145) | (287) | 7 | (19) | ||
| Loss from equity method investments | (3) | |||||
| Other undisclosed income from continuing operations before income taxes | ||||||
| Income (loss) from continuing operations before income taxes: | (145) | (290) | 7 | (19) | ||
| Income tax expense (benefit) | 9 | 61 | ||||
| Income (loss) from continuing operations: | (136) | (229) | 7 | (19) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 7 | (19) | |
| Other undisclosed net loss | (0) | (0) | ||||
| Net income (loss): | (136) | (229) | 6 | (20) | ||
| Net income attributable to noncontrolling interest | 73 | 204 | ||||
| Net income (loss) available to common stockholders, basic: | (63) | (25) | 6 | (20) | ||
| Dilutive securities, effect on basic earnings per share | (73) | |||||
| Other undisclosed net loss available to common stockholders, diluted | ||||||
| Net income (loss) available to common stockholders, diluted: | (136) | (25) | 6 | (20) | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (136) | (229) | 6 | (20) | ||
| Other comprehensive income (loss) | (19) | 78 | ||||
| Comprehensive income (loss): | (155) | (151) | 6 | (20) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 59 | 145 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (96) | (6) | 6 | (20) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.