10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001104659-22-028779`
Period End Date	20211231
Filing Date	20220301
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	apsg-20211231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 25 Cash Flow Statement 47 Stockholders Equity 12

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$257.87K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$161.28K	USD	Point-in-time
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
Prepaid expenses	`PrepaidExpenseCurrent`	$495.92K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.13M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$657.19K	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$816.99M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$817.36M	USD	Point-in-time
Total assets	`Assets`	$818.37M	USD	Point-in-time
Total assets	`Assets`	$818.01M	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`	$2.04M	USD	Point-in-time
Advances from related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Advances from related party	`DueToRelatedPartiesCurrent`	$373.52K	USD	Point-in-time
Note payable - Sponsor	`NotesPayableCurrent`	$1.50M	USD	Point-in-time
Note payable - Sponsor	`NotesPayableCurrent`	$5.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.26M	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$55.94M	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`	$98.93M	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 December 31, 2021 and 2020	`TemporaryEquityCarryingAmountAttributableToParent`	$816.81M	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 81,681,000 shares (at approximately $10.00 per share) as of December 31, 2021 and 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`	$-97.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-103.93M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$1.85K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-97.73M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-103.93M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$818.01M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$818.37M	USD	Point-in-time

Income Statement 25 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	Annual
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	Annual
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	Annual
Administrative fee - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$200.65K	USD	Annual
Administrative fee - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$46.67K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$12.66M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.85K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$536.61K	USD	Annual
TOTAL EXPENSES	`OperatingExpenses`	$12.86M	USD	Annual
TOTAL EXPENSES	`OperatingExpenses`	$1.85K	USD	Annual
TOTAL EXPENSES	`OperatingExpenses`	$583.28K	USD	Annual
Interest expense	`InterestExpense`	$414.00	USD	Annual
Interest expense	`InterestExpense`	$5.46K	USD	Annual
Investment income from Trust Account	`InvestmentIncomeInterest`	$175.53K	USD	Annual
Investment income from Trust Account	`InvestmentIncomeInterest`	$371.00K	USD	Annual
Transaction costs allocable to warrant liability	`OtherNonoperatingExpense`	$2.34M	USD	Annual
Transaction costs allocable to warrant liability	`OtherNonoperatingExpense`	-	USD	Annual
Transaction costs allocable to warrant liability	`OtherNonoperatingExpense`	-	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$16.89M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-18.70M	USD	Annual
TOTAL OTHER INCOME (EXPENSES) - NET	`OtherNonoperatingIncomeExpense`	$-19.06M	USD	Annual
TOTAL OTHER INCOME (EXPENSES) - NET	`OtherNonoperatingIncomeExpense`	$19.06M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-19.64M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.85K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$6.20M	USD	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-19.64M	USD	Annual
Net income (loss)	`ProfitLoss`	$6.20M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.85K	USD	Annual
Investment income earned on investment held in Trust Account	`InvestmentIncomeInterest`	$175.53K	USD	Annual
Investment income earned on investment held in Trust Account	`InvestmentIncomeInterest`	$371.00K	USD	Annual
Formation and organization costs paid by related parties	`FormationAndOperatingCostsPaidByRelatedParties`	$27.61K	USD	Annual
Formation and organization costs paid by related parties	`FormationAndOperatingCostsPaidByRelatedParties`	$3.71K	USD	Annual
Costs associated with warrant liabilities	`CostsAssociatedWithWarrantLiabilities`	$2.34M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$16.89M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-18.70M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.12M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-629.34K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.85K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.18M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-761.76K	USD	Annual
Advances from Related Parties	`IncreaseDecreaseInAdvancesFromRelatedParties`	$2.04M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.44M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.02M	USD	Annual
Cash deposited into Trust Account	`PaymentsToAcquireInvestments`	$816.81M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-816.81M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from sale of Units in Public Offering	`ProceedsFromIssuanceInitialPublicOffering`	$816.81M	USD	Annual
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$18.34M	USD	Annual
Payment of underwriter commissions	`PaymentOfUnderwriterCommission`	$-16.34M	USD	Annual
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$800.88K	USD	Annual
Proceeds from Sponsor note	`ProceedsFromNotesPayable`	$1.50M	USD	Annual
Proceeds from Sponsor note	`ProceedsFromNotesPayable`	$4.30M	USD	Annual
Repayment of advances from Sponsor	`RepaymentsOfRelatedPartyDebt`	$371.77K	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$819.51M	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.93M	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-96.59K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$257.87K	USD	Annual
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.28K	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.87K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.28K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.87K	USD	Point-in-time
Deferred underwriters' commissions charged to temporary equity in connection with the Public Offering	`DeferredUnderwritersCommissionsChargedToTemporaryEquity`	$28.59M	USD	Annual
Deferred offering costs paid by related party	`DeferredOfferingCostsPaidByRelatedParty`	$345.91K	USD	Annual
Deferred offering costs paid by related party	`DeferredOfferingCostsPaidByRelatedParty`	$3.71K	USD	Annual
Accrued offering costs which were charged to temporary equity	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$1.14M	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$1.85K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-97.73M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-103.93M	USD	Point-in-time
Capital contributions	`AdjustmentsToAdditionalPaidInCapitalCapitalContribution`	$3.71K	USD	Annual
Excess of proceeds received over fair value of private warrant liabilities	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$328.96K	USD	Annual
Accretion of Class A ordinary shares subject to possible redemption amount	`CommonStockSubjectToPossibleRedemptionValue`	$84.62M	USD	Annual
Net income	`NetIncomeLoss`	$-19.64M	USD	Annual
Net income	`NetIncomeLoss`	$-1.85K	USD	Annual
Net income	`NetIncomeLoss`	$6.20M	USD	Annual
Balance at the end	`StockholdersEquity`	$1.85K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-97.73M	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.