GBTG: the cashflow

MyFinsight

For the quarter ending 2025-09-30, GBTG had -$137M decrease in cash & cash equivalents over the period. $38M in free cash flow.

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

Cash Flow	2025-09-30	2025-06-30
Net (loss) income	-62	90
Depreciation and amortization	49	83
Deferred tax charge	8	10
Equity-based compensation	19	39
Allowance for credit losses	1	3
Loss on early extinguishment of debt	0	-2
Fair value movement on earnout derivative liabilities	-26	106
Other, net	1	-18
Accounts receivable	6	123
Prepaid expenses and other current assets	12	3
Due from affiliates	-5	13
Due to affiliates	3	-6
Accounts payable, accrued expenses and other current liabilities	48	98
Defined benefit pension funding	-7	-13
Proceeds from termination of interest rate swap contracts	0	31
Net cash from operating activities	71	110
Business acquisition, net of cash and restricted cash acquired	138	-
Purchase of property and equipment	33	57
Proceeds from foreign exchange forward contracts	0	27
Other	0	0
Net cash used in investing activities	-171	-30
Proceeds from senior secured term loans	0	99
Repayment of senior secured term loans	4	106
Repurchase of common shares	33	1
Contributions for espp and proceeds from exercise of stock options	4	4
Payment of taxes withheld on vesting of equity awards	1	41
Payment of debt financing costs	0	-
Prepayment penalty and other costs related to early extinguishment of debt	0	-
Other	1	-3
Net cash used in financing activities	-33	-48
Effect of exchange rate changes on cash, cash equivalents and restricted cash	-4	25
Net (decrease) increase in cash, cash equivalents and restricted cash	-137	57
Cash and cash equivalents at beginning of period	561	-
Cash and cash equivalents at end of period	481	-

Unit: Million (M) dollars