S-1 Filing

Global Business Travel Group, Inc. CIK: 1820872

Filing Information

Form Type	S-1
Accession Number	`0001104659-22-073061`
Period End Date	20220331
Filing Date	20220621
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	gbtg-20220331xs1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 49 Cash Flow Statement 42 Stockholders Equity 28 Comprehensive Income 27

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Class A common stock subject to possible redemption, issued (in shares)	`TemporaryEquitySharesIssued`	1.50M	shares	Point-in-time
Class A common stock subject to possible redemption, issued (in shares)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Class A common stock subject to possible redemption, issued (in shares)	`TemporaryEquitySharesIssued`	1.50M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$329.00M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$516.00M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$584.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$48.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$42.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$44.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$869.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.05B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.04B	USD	Point-in-time
Total assets	`Assets`	$2.76B	USD	Point-in-time
Total assets	`Assets`	$3.74B	USD	Point-in-time
Total assets	`Assets`	$3.77B	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	394.45M	shares	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Temporary equity, shares outstanding	`TemporaryEquitySharesOutstanding`	1.50M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$570.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$801.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$721.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.28B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.77B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.34B	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.56B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.56B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.16B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.06B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-592.00M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$1.33B	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$981.00M	USD	Point-in-time
Total liabilities, temporary equity and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.77B	USD	Point-in-time
Total liabilities, temporary equity and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.76B	USD	Point-in-time
Total liabilities, temporary equity and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.74B	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$763.00M	USD	Annual
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$350.00M	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$126.00M	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$793.00M	USD	Annual
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.12B	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$255.00M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$65.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$213.00M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$39.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$181.00M	USD	Annual
TOTAL EXPENSES	`OperatingExpenses`	$1.32B	USD	Annual
TOTAL EXPENSES	`OperatingExpenses`	$1.54B	USD	Annual
TOTAL EXPENSES	`OperatingExpenses`	$446.00M	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$1.91B	USD	Annual
TOTAL EXPENSES	`OperatingExpenses`	$255.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$27.00M	USD	Annual
Interest expense	`InterestExpense`	$19.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$53.00M	USD	Annual
Interest expense	`InterestExpense`	$15.00M	USD	Annual
Interest expense	`InterestExpense`	$11.00M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$14.00M	USD	Annual
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$5.00M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$8.00M	USD	Annual
TOTAL OTHER INCOME (EXPENSES)	`OtherNonoperatingIncomeExpense`	$-3.00M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-618.00M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-114.00M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-91.00M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$134.00M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-473.00M	USD	Annual
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.00M	shares	Annual
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.00M	shares	Annual
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.41M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.41M	shares	Annual
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.10M	shares	Annual
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.00M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.41M	shares	Annual
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.00M	shares	Annual
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.41M	shares	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$3.72	USD	Annual
Earnings Per Share, Basic	`EarningsPerShareBasic`	$-12.91	USD	Annual
Earnings Per Share, Basic	`EarningsPerShareBasic`	$-2.15	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$-17.18	USD	Annual
Earnings Per Share, Basic	`EarningsPerShareBasic`	$-3.16	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$-3.16	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$-2.15	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$-12.91	USD	Annual
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$3.61	USD	Annual
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$-17.18	USD	Annual

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$138.00M	USD	Annual
Net (loss) income	`ProfitLoss`	$-91.00M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-619.00M	USD	Annual
Net (loss) income	`ProfitLoss`	$-114.00M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-475.00M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$93.00M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$23.00M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-43.00M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.00M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-159.00M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-114.00M	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$227.00M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-154.00M	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-512.00M	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-250.00M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.00M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.00M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.00M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00M	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-62.00M	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$478.00M	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-65.00M	USD	Annual
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.00M	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$89.00M	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$384.00M	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$94.00M	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-90.00M	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-68.00M	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$76.00M	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-185.00M	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$423.00M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$499.00M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$593.00M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$525.00M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$340.00M	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$503.00M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$423.00M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$499.00M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$593.00M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$525.00M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$340.00M	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$503.00M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance as of beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Balance as of beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Balance as of beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Balance as of beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Balance as of beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$861.00M	USD	Point-in-time
Balance as of beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$984.00M	USD	Point-in-time
Dividend on preferred shares (see note - [13])	`AdjustmentsToAdditionalPaidInCapitalPreferredShareDividends`	$5.00M	USD	1 Quarter
Dividend on preferred shares (see note - [13])	`AdjustmentsToAdditionalPaidInCapitalPreferredShareDividends`	$10.00M	USD	Annual
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.00M	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.00M	USD	Annual
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.00M	USD	Annual
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.00M	USD	Annual
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-59.00M	USD	Annual
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-81.00M	USD	Annual
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.00M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-7.00M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$17.00M	USD	Annual
Net loss	`ProfitLoss`	$138.00M	USD	Annual
Net loss	`ProfitLoss`	$-91.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-619.00M	USD	Annual
Net loss	`ProfitLoss`	$-114.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-475.00M	USD	Annual
Balance as of ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Balance as of ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.66B	USD	Point-in-time
Balance as of ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Balance as of ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.33B	USD	Point-in-time
Balance as of ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$861.00M	USD	Point-in-time
Balance as of ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$984.00M	USD	Point-in-time

Comprehensive Income 27 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$138.00M	USD	Annual
Net loss	`ProfitLoss`	$-91.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-619.00M	USD	Annual
Net loss	`ProfitLoss`	$-114.00M	USD	1 Quarter
Net loss	`ProfitLoss`	$-475.00M	USD	Annual
Change in currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.00M	USD	1 Quarter
Change in currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.00M	USD	Annual
Change in currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.00M	USD	1 Quarter
Change in currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.00M	USD	Annual
Change in currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.00M	USD	Annual
Unrealized gains on cash flow hedge, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$9.00M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-59.00M	USD	Annual
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-81.00M	USD	Annual
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-9.00M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-7.00M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$17.00M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-458.00M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-98.00M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-123.00M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-700.00M	USD	Annual
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$79.00M	USD	Annual
Preferred shares dividend	`TemporaryEquityDividendsAdjustment`	$5.00M	USD	1 Quarter
Comprehensive (loss) income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$75.00M	USD	Annual
Comprehensive (loss) income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-103.00M	USD	1 Quarter
Comprehensive (loss) income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-456.00M	USD	Annual
Comprehensive (loss) income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-699.00M	USD	Annual
Comprehensive (loss) income attributable to the Company	`ComprehensiveIncomeNetOfTax`	$-123.00M	USD	1 Quarter

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