10-Q Filing

Global Business Travel Group, Inc. CIK: 1820872 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001104659-21-137027`
Period End Date	20210930
Filing Date	20211110
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	apsg-20210930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 29 Cash Flow Statement 25 Stockholders Equity 19

Balance Sheet 47 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	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`	$871.52K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	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
Prepaid expenses	`PrepaidExpenseCurrent`	$657.55K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.53M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$817.23M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$816.99M	USD	Point-in-time
Total assets	`Assets`	$818.76M	USD	Point-in-time
Total assets	`Assets`	$818.37M	USD	Point-in-time
Accounts payable and accrued offering costs	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.56M	USD	Point-in-time
Accounts payable and accrued offering costs	`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`	$5.80M	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`	$12.37M	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$32.17M	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`	$105.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$73.13M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 81,681,000 shares (at approximately $10.00 per share) as of September 30, 2021 and December 31, 2020	`TemporaryEquityCarryingAmountAttributableToParent`	$816.81M	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-103.93M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-10.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-83.65M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-71.18M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-82.33M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$1.85K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-103.93M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$818.76M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$818.37M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	3 Qtrs
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	3 Qtrs
REVENUE	`RevenueFromContractWithCustomerIncludingAssessedTax`	-	USD	1 Quarter
Administrative fee - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$150.65K	USD	3 Qtrs
Administrative fee - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$50.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.85K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.81M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.95M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.00K	USD	1 Quarter
TOTAL EXPENSES	`CostsAndExpenses`	$9.96M	USD	3 Qtrs
TOTAL EXPENSES	`CostsAndExpenses`	$4.00M	USD	1 Quarter
TOTAL EXPENSES	`CostsAndExpenses`	$10.00K	USD	1 Quarter
TOTAL EXPENSES	`CostsAndExpenses`	$11.85K	USD	3 Qtrs
Investment income from Trust Account	`InvestmentIncomeInterest`	$65.88K	USD	1 Quarter
Investment income from Trust Account	`InvestmentIncomeInterest`	$242.07K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.54K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.98K	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-42.47M	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-15.09M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES) - NET	`NonoperatingIncomeExpense`	$15.15M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES) - NET	`NonoperatingIncomeExpense`	$42.71M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$11.15M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-11.85K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$32.75M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.85K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.00K	USD	1 Quarter

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$32.75M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-11.85K	USD	3 Qtrs
Formation and offering cost paid by related parties	`FormationAndOfferingCostPaidByRelatedParties`	$10.00K	USD	3 Qtrs
Investment income earned on investment held in Trust Account	`InvestmentIncomeInterest`	$65.88K	USD	1 Quarter
Investment income earned on investment held in Trust Account	`InvestmentIncomeInterest`	$242.07K	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-42.47M	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-15.09M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-467.70K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.85K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$6.18M	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.31M	USD	3 Qtrs
Proceeds from Sponsor note	`ProceedsFromRelatedPartyDebt`	$4.30M	USD	3 Qtrs
Repayment of advances from Sponsor	`RepaymentsOfRelatedPartyDebt`	$371.77K	USD	3 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.93M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$613.64K	USD	3 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.87K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$871.52K	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`	$257.87K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$871.52K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$625.84K	USD	3 Qtrs
Deferred offering costs paid by related party	`DeferredOfferingCostsPaidByRelatedParty`	$345.91K	USD	3 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-10.00K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-83.65M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-71.18M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-82.33M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$1.85K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-103.93M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$11.15M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-11.85K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$32.75M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.85K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.00K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-10.00K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-83.65M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-71.18M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-82.33M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$1.85K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-103.93M	USD	Point-in-time

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