10-Q Filing

Global Business Travel Group, Inc. CIK: 1820872 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001104659-22-057620`
Period End Date	20220331
Filing Date	20220509
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	apsg-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 18 Cash Flow Statement 26 Stockholders Equity 10

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$161.28K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$80.24K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$336.19K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$495.92K	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
Total current assets	`AssetsCurrent`	$657.19K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$416.44K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$817.68M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$817.36M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$818.01M	USD	Point-in-time
Total assets	`Assets`	$818.09M	USD	Point-in-time
Accounts payable and accrued offering costs	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.59M	USD	Point-in-time
Accounts payable and accrued offering costs	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.56M	USD	Point-in-time
Advances from related party	`DueToRelatedPartiesCurrent`	$2.04M	USD	Point-in-time
Advances from related party	`DueToRelatedPartiesCurrent`	$4.26M	USD	Point-in-time
Note payable - Sponsor	`NotesPayableCurrent`	$5.80M	USD	Point-in-time
Note payable - Sponsor	`NotesPayableCurrent`	$5.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.40M	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$60.10M	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$55.94M	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`	$104.34M	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 $10.00 per share) as of March 31, 2022 and December 31, 2021	`TemporaryEquityCarryingAmountAttributableToParent`	$816.81M	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 81,681,000 shares (at $10.00 per share) as of March 31, 2022 and December 31, 2021	`TemporaryEquityCarryingAmountAttributableToParent`	$816.81M	USD	Point-in-time
Preferred shares, $0.00005 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.00005 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`	$-103.06M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-103.06M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-97.73M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-83.65M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-103.93M	USD	Point-in-time
Total liabilities, temporary equity and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$818.01M	USD	Point-in-time
Total liabilities, temporary equity and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$818.09M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Administrative fee - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$50.65K	USD	1 Quarter
Administrative fee - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$50.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.59M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.44M	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$4.64M	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$1.49M	USD	1 Quarter
Investment income from Trust Account	`InvestmentIncomeInterest`	$321.89K	USD	1 Quarter
Investment income from Trust Account	`InvestmentIncomeInterest`	$141.52K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.04K	USD	1 Quarter
Interest expense	`InterestExpense`	$615.00	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$4.15M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-24.79M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$-3.83M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$24.93M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$20.28M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-5.33M	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$20.28M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-5.33M	USD	1 Quarter
Investment income earned on investment held in Trust Account	`InvestmentIncomeInterest`	$321.89K	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`	$4.15M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-24.79M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-150.17K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-159.72K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-965.53K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.14M	USD	1 Quarter
Advances from Related Parties	`IncreaseDecreaseInAdvancesFromRelatedParties`	$2.22M	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-354.56K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-81.03K	USD	1 Quarter
Proceeds from Sponsor note	`ProceedsFromNotesPayable`	$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
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-81.03K	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.87K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.28K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$331.54K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.24K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$257.87K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.28K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$331.54K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.24K	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$-103.06M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-97.73M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-83.65M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-103.93M	USD	Point-in-time
Net income	`NetIncomeLoss`	$20.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-5.33M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-103.06M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-97.73M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-83.65M	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.