GBTG · As filed with the SEC
Global Business Travel Group cash flow statement, by quarter
The statement as Global Business Travel Group presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) · USD millions
| USD millions | Q2 2026† 3 months ended Jun 30, 2026 | Q1 2026 3 months ended Mar 31, 2026 | Q4 2025† 3 months ended Dec 31, 2025 | Q3 2025† 3 months ended Sep 30, 2025 | Q2 2025† 3 months ended Jun 30, 2025 | Q1 2025 3 months ended Mar 31, 2025 | Q4 2024† 3 months ended Dec 31, 2024 | Q3 2024† 3 months ended Sep 30, 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating activities: | ||||||||
| Net income | 17† | 54 | 83† | (62)† | 15† | 75 | (14)† | (128)† |
| Adjustments to reconcile net income to net cash from operating activities: | ||||||||
| Depreciation and amortization | 56† | 60 | 60† | 49† | 43† | 40 | 40† | 43† |
| Deferred tax (benefit) charge | 2† | (28) | (33)† | 8† | 7† | 3 | 5† | 17† |
| Equity-based compensation | 19† | 17 | 18† | 19† | 20† | 19 | 19† | 20† |
| Allowance for credit losses | 4† | 2 | 1† | 1† | 1† | 2 | 2† | 3† |
| Loss on early extinguishment of debt | 0† | 0 | 0† | 0† | 0† | 2 | 0† | 38† |
| Fair value movement on earnout derivative liabilities | (6)† | (31) | — | 26† | (32)† | (74) | — | 22† |
| Other, net | (5)† | (1) | 15† | (1)† | 10† | 39 | (37)† | 19† |
| Changes in working capital: | ||||||||
| Accounts receivable | 36† | (151) | 81† | (6)† | 13† | (136) | 99† | 34† |
| Prepaid expenses and other current assets | 19† | (47) | 35† | (12)† | 5† | (8) | (2)† | 40† |
| Due from affiliates | (12)† | (3) | 3† | 5† | (11)† | (2) | (1)† | 6† |
| Due to affiliates | 13† | (2) | 6† | 3† | (19)† | 13 | (6)† | (18)† |
| Accounts payable, accrued expenses and other current liabilities | 6† | 123 | (153)† | 48† | 12† | 86 | (71)† | (5)† |
| Defined benefit pension funding | (7)† | (8) | (9)† | (7)† | (7)† | (6) | (7)† | (6)† |
| Proceeds from termination of interest rate swap contracts | — | — | — | 0† | — | — | (4)† | 0† |
| Proceeds from termination of interest rate swap contracts | 0† | 0 | — | — | 0† | — | — | — |
| Net cash from operating activities | 142† | (15) | 52† | 71† | 57† | 53 | 65† | 85† |
| Investing activities: | ||||||||
| Business acquisition, net of cash and restricted cash acquired | 0† | 10 | 34† | (138)† | 0† | — | 0† | — |
| Purchase of property and equipment | (39)† | (37) | (39)† | (33)† | (30)† | (27) | (32)† | (26)† |
| Proceeds from foreign exchange forward contracts | 0† | 0 | 0† | 0† | 18† | 9 | 0† | 0† |
| Other | — | — | 0† | 0† | — | — | 0† | 0† |
| Net cash used in investing activities | (39)† | (27) | (5)† | (171)† | (12)† | (18) | (32)† | (26)† |
| Financing activities: | ||||||||
| Proceeds from senior secured term loans | 0† | 132 | 0† | 0† | 0† | 99 | 0† | 1,397† |
| Repayment of senior secured term loans | (4)† | (36) | (3)† | (4)† | (3)† | (103) | 0† | (1,371)† |
| Repurchase of common shares | (9)† | (38) | (39)† | (33)† | 0† | (1) | 0† | (55)† |
| Contributions from ESPP | 0† | 4 | 0† | 4† | 0† | 4 | 2† | 22† |
| Payment of taxes withheld on vesting of equity awards | (14)† | (14) | (1)† | (1)† | (17)† | (24) | (6)† | (3)† |
| Payment of debt financing costs | — | — | 0† | — | — | — | 0† | (25)† |
| Prepayment penalty and other costs related to early extinguishment of debt | — | — | 0† | — | — | — | 0† | — |
| Other | (2)† | 1 | (4)† | 1† | (3)† | 0 | (2)† | (1)† |
| Net cash from (used in) financing activities | (29)† | 49 | (47)† | (33)† | (23)† | (25) | (6)† | (62)† |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (2)† | (6) | (2)† | (4)† | 19† | 6 | (16)† | 12† |
| Net increase in cash, cash equivalents and restricted cash | 72† | 1 | (2)† | (137)† | 41† | 16 | 11† | 9† |
| Cash, cash equivalents and restricted cash, beginning of period | 480 | 479 | 481 | 618 | 577 | 561 | 550 | 541 |
| Cash, cash equivalents and restricted cash, end of period | 552 | 480 | 479 | 481 | 618 | 577 | 561 | 550 |
| Supplemental cash flow information: | ||||||||
| Cash paid for income taxes (net of refunds) | (3)† | 3 | 7† | 16† | 25† | 4 | 1† | 12† |
| Cash paid for interest (net of interest received) | 23† | 25 | 23† | 21† | 20† | 30 | 24† | 10† |
| Issuance of shares to settle liability | — | — | — | — | — | — | 0† | 0† |
| Issuance of common shares pursuant to the CWT acquisition | — | — | 0† | — | — | — | 0† | — |
| Non-cash additions for operating lease right-of-use assets | 6† | 4 | — | 1† | 2† | 0 | — | 19† |
| Non-cash additions for finance lease | 0† | 0 | — | 0† | 0† | 1 | — | 3† |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.