GBTG: the balance sheet

MyFinsight

For the year ending 2025-12-31, GBTG has $4,916M in assets. $3,255M in debts. $434M in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents	434
Accounts receivable (net of allowance for credit losses of 9 and 10 as of december31, 2025 and 2024, respectively)	869
Due from affiliates	51
Prepaid expenses and other current assets	215
Total current assets	1,569
Property and equipment, net	308
Equity method investments	43
Goodwill	1,671
Other intangible assets, net	851
Operating lease right-of-use assets	66
Deferred tax assets	298
Other non-current assets	110
Total assets	4,916

Accounts payable	515
Due to affiliates	25
Accrued expenses and other current liabilities	757
Current portion of operating lease liabilities	26
Current portion of long-term debt	58
Total current liabilities	1,381
Long-term debt, net of unamortized debt discount and debt issuance costs	1,360
Deferred tax liabilities	99
Pension liabilities	163
Long-term operating lease liabilities	62
Earnout derivative liabilities	37
Other non-current liabilities	153
Total liabilities	3,255
Redeemable non-controlling interest	49
Additional paid-in-capital	3,277
Accumulated deficit	-1,466
Accumulated other comprehensive loss	-75
Treasury shares, at cost (17,253,780 shares and 8,000,000 shares as of december31, 2025 and december31, 2024, respectively)	128
Total equity of the companys shareholders	1,608
Equity attributable to non-controlling interest in subsidiaries	4
Total shareholders equity	1,612
Total liabilities and shareholders equity	4,916

Unit: Million (M) dollars (except for numbers of shares and EPS).