10-Q Filing

Global Business Travel Group, Inc. CIK: 1820872 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-105082`
Period End Date	20210630
Filing Date	20210813
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	apsg-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 23 Cash Flow Statement 23 Stockholders Equity 10

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`	$598.77K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$257.87K	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`	$815.36K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.38M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$817.16M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$816.99M	USD	Point-in-time
Total assets	`Assets`	$818.37M	USD	Point-in-time
Total assets	`Assets`	$818.58M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$383.16K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.94M	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`	$1.50M	USD	Point-in-time
Note payable - Sponsor	`NotesPayableRelatedPartiesCurrent`	$4.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.25M	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$47.26M	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`	$84.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$105.49M	USD	Point-in-time
Class A ordinary shares subject to possible redemption (72,948,291 and 70,788,131 shares at approximately $10.00 per share as of June 30, 2021 and December 31, 2020, respectively)	`TemporaryEquityCarryingAmountAttributableToParent`	$729.48M	USD	Point-in-time
Class A ordinary shares subject to possible redemption (72,948,291 and 70,788,131 shares at approximately $10.00 per share as of June 30, 2021 and December 31, 2020, respectively)	`TemporaryEquityCarryingAmountAttributableToParent`	$707.88M	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.67M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-19.67M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$1.93M	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`	$818.37M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$818.58M	USD	Point-in-time

Income Statement 23 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	2 Qtrs
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	2 Qtrs
Administrative fee - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$100.65K	USD	2 Qtrs
Administrative fee - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$50.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.86M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.85K	USD	2 Qtrs
TOTAL EXPENSES	`CostsAndExpenses`	$5.96M	USD	2 Qtrs
TOTAL EXPENSES	`CostsAndExpenses`	$1.85K	USD	2 Qtrs
TOTAL EXPENSES	`CostsAndExpenses`	$1.32M	USD	1 Quarter
Investment income from Trust Account	`InvestmentIncomeInterest`	$34.67K	USD	1 Quarter
Investment income from Trust Account	`InvestmentIncomeInterest`	$176.19K	USD	2 Qtrs
Interest expense	`InterestExpense`	$828.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.44K	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-27.39M	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-2.60M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES) - NET	`NonoperatingIncomeExpense`	$27.56M	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSES) - NET	`NonoperatingIncomeExpense`	$2.63M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.85K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$21.60M	USD	2 Qtrs

Cash Flow Statement 23 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$21.60M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-1.85K	USD	2 Qtrs
Investment income earned on investment held in Trust Account	`InvestmentIncomeInterest`	$34.67K	USD	1 Quarter
Investment income earned on investment held in Trust Account	`InvestmentIncomeInterest`	$176.19K	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-27.39M	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-2.60M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.85K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-309.90K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.56M	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.09M	USD	2 Qtrs
Proceeds from Sponsor note	`ProceedsFromRelatedPartyDebt`	$2.80M	USD	2 Qtrs
Repayment of advances from Sponsor	`RepaymentsOfRelatedPartyDebt`	$371.77K	USD	2 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.43M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$340.90K	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$598.77K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.87K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$598.77K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.87K	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`	$21.60M	USD	2 Qtrs

Stockholders Equity 10 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`	$21.60M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.85K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$21.60M	USD	2 Qtrs
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.