v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 222,793 $ 214,575
Restricted cash 23,681 25,947
Loans receivable, net of allowances of $14,934 and $13,111 16,567 21,385
Other assets and prepaid expenses 57,264 52,287
Assets held for sale 0 23,019
Total current assets 590,848 537,252
Non-current assets    
Restricted cash 742 932
Other assets and prepaid expenses 74,161 78,886
Loans receivable, net of allowances of $418 and $472 374 1,741
Lease right-of-use assets 15,590 21,950
Property and equipment, net 14,190 16,400
Intangible assets, net 83,050 90,421
Goodwill 125,832 150,752
Total non-current assets 313,939 361,082
TOTAL ASSETS 904,787 898,334
Current liabilities    
Accounts payable and accrued expenses 58,460 51,932
Travel accounts payable 357,817 355,387
Short-term debt and other financial liabilities 49,625 28,530
Deferred revenue 35,492 31,804
Contingent liabilities 7,416 6,080
Lease liabilities 5,205 6,035
Liabilities held for sale 0 8,370
Total current liabilities 699,037 671,079
Non-current liabilities    
Contingent liabilities 10,335 14,738
Long-term debt and other financial liabilities 904 2,262
Lease liabilities 11,062 16,970
Deferred revenue 3,500 0
Total non-current liabilities 158,114 171,601
TOTAL LIABILITIES 857,151 842,680
Non-convertible and convertible preferred shares 142,044 181,473
SHAREHOLDERS’ DEFICIT    
Common stock [1] 302,270 292,226
Additional paid-in capital 239,915 291,440
Other reserves (728) (728)
Accumulated other comprehensive loss (34,150) (11,658)
Accumulated losses (590,927) (618,832)
Treasury Stock (10,788) (78,267)
Total Shareholders’ Deficit (94,408) (125,819)
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT 904,787 898,334
Related Party    
Current assets    
Related party receivable 18,595 16,646
Current liabilities    
Other liabilities 101,365 88,248
Non-current liabilities    
Other liabilities 125,000 125,000
Nonrelated Party    
Current assets    
Trade accounts receivable, net of allowances of $5,608 and $6,809 251,948 183,393
Loans receivable, net of allowances of $14,934 and $13,111 16,567 21,385
Current liabilities    
Other liabilities 83,657 94,693
Non-current liabilities    
Other liabilities 7,313 12,631
Series A Non-convertible Preferred Shares    
Non-current liabilities    
Non-convertible and convertible preferred shares 142,044 134,773
Series B Convertible Preferred Shares    
Non-current liabilities    
Non-convertible and convertible preferred shares $ 0 $ 46,700
[1]
(1)
Represents 84,426 shares (in thousands) issued as of December 31, 2024 and 72,908 shares (in thousands) issued as of December 31, 2023. See Note 26.