10-Q Filing

Global Business Travel Group, Inc. CIK: 1820872 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-083569`
Period End Date	20210331
Filing Date	20210621
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	apsg-20210331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 13 Cash Flow Statement 21 Stockholders Equity 9

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$257.87K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$331.54K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.13M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$975.08K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.31M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$816.99M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$817.13M	USD	Point-in-time
Total Assets	`Assets`	$818.43M	USD	Point-in-time
Total Assets	`Assets`	$818.37M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.52M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$383.16K	USD	Point-in-time
Advances from related party	`DueToRelatedPartiesCurrent`	$373.52K	USD	Point-in-time
Advances from related party	`DueToRelatedPartiesCurrent`	$4.22K	USD	Point-in-time
Note payable - Sponsor	`NotesPayableRelatedPartiesCurrent`	$2.30M	USD	Point-in-time
Note payable - Sponsor	`NotesPayableRelatedPartiesCurrent`	$1.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.82M	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$49.86M	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$74.64M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensationNoncurrent`	$28.59M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensationNoncurrent`	$28.59M	USD	Point-in-time
Total Liabilities	`Liabilities`	$85.27M	USD	Point-in-time
Total Liabilities	`Liabilities`	$105.49M	USD	Point-in-time
Class A ordinary shares subject to possible redemption (72,816,446 and 70,788,131 shares at approximately $10.00 per share as of March 31, 2021 and December 31, 2020, respectively)	`TemporaryEquityCarryingAmountAttributableToParent`	$707.88M	USD	Point-in-time
Class A ordinary shares subject to possible redemption (72,816,446 and 70,788,131 shares at approximately $10.00 per share as of March 31, 2021 and December 31, 2020, respectively)	`TemporaryEquityCarryingAmountAttributableToParent`	$728.16M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.67M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$611.34K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-19.67M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.85K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$818.43M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$818.37M	USD	Point-in-time

Income Statement 13 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
Administrative fee - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$50.65K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.85K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.59M	USD	1 Quarter
TOTAL EXPENSES	`CostsAndExpenses`	$4.64M	USD	1 Quarter
TOTAL EXPENSES	`CostsAndExpenses`	$1.85K	USD	1 Quarter
Investment income from Trust Account	`InvestmentIncomeInterest`	$141.52K	USD	1 Quarter
Interest expense	`InterestExpense`	$615.00	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-24.79M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES) - NET	`NonoperatingIncomeExpense`	$24.93M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.85K	USD	1 Quarter

Cash Flow Statement 21 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$20.28M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.85K	USD	1 Quarter
Investment income earned on investment held in Trust Account	`InvestmentIncomeInterest`	$141.52K	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-24.79M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.85K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-150.17K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$4.14M	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-354.56K	USD	1 Quarter
Proceeds from Sponsor note	`ProceedsFromRelatedPartyDebt`	$800.00K	USD	1 Quarter
Repayment of advances from Sponsor	`RepaymentsOfRelatedPartyDebt`	$371.77K	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$428.23K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$73.67K	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.87K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$331.54K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.87K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$331.54K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Change in value of Class A ordinary shares subject to possible redemption	`ChangeInValueOfCommonStockSubjectToPossibleRedemption`	$20.28M	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$1.85K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in Class A ordinary shares subject to possible redemption	`CommonStockSubjectToPossibleRedemptionValue`	$20.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.85K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$1.85K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.