Criteo S.A. CRTO Balance Sheet

Criteo s.a. (CRTO)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15
Assets
Current assets:
Cash and cash equivalents
436,506	418,763	409,178	422,053	395,771	364,426	458,690	480,285	483,874	414,111	357,983	308,185	303,813	270,317	407,158	377,407	386,110	353,537
Trade receivables, net of allowances of $16.1 million and $23.1 million at December 31, 2019 and March 31, 2020, respectively
364,440	481,732	356,699	374,949	386,792	473,901	356,792	372,906	395,707	484,101	373,922	370,052	340,837	397,244	268,097	266,436	262,524	261,581
Income taxes
23,101	21,817	22,412	18,185	8,182	19,370	20,316	11,921	7,646	8,882	5,295	6,872	3,560	2,741	4,422	5,277	2,977	2,714
Other taxes
65,293	60,924	52,810	56,090	56,828	53,338	48,722	42,076	52,557	58,346	46,095	46,514	44,834	52,942	45,323	39,527	-	29,552
Other current assets
19,832	17,225	18,165	18,751	24,737	22,816	26,855	26,114	26,463	26,327	26,945	28,270	22,772	19,340	20,288	23,164	57,706	16,030
Total current assets
909,172	1,000,461	859,264	890,028	872,310	933,851	911,375	933,302	966,247	991,767	810,240	759,893	715,816	742,584	745,288	711,811	709,317	663,414
Property, plant and equipment, net
181,848	194,161	197,522	192,651	180,377	184,013	183,777	146,904	153,252	161,738	134,885	131,346	115,415	108,581	98,353	97,236	85,845	82,482
Intangible assets, net
79,818	86,886	95,701	103,113	107,218	112,036	96,848	87,031	92,384	96,223	99,714	104,045	107,962	102,944	18,595	17,170	17,024	16,470
Goodwill
315,266	317,100	314,872	317,093	317,076	312,881	268,734	235,950	237,757	236,826	236,363	235,337	232,138	209,418	45,690	46,859	42,736	41,973
Right of use assets - operating lease
139,954	142,044	169,921	183,725	200,274	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-current financial assets
20,373	21,747	21,251	21,613	20,331	20,460	20,491	20,226	21,137	19,525	19,350	18,824	19,857	17,029	17,453	17,010	16,880	17,184
Deferred tax assets
29,458	27,985	43,357	41,346	48,330	33,894	34,718	33,129	28,583	25,221	57,642	48,700	46,201	30,630	28,586	25,330	21,911	20,196
Total non-current assets
766,717	789,923	842,624	859,541	873,606	663,284	604,568	523,240	533,113	539,533	547,954	538,252	521,573	468,602	208,677	203,605	184,396	178,305
Total assets
1,675,889	1,790,384	1,701,888	1,749,569	1,745,916	1,597,135	1,515,943	1,456,542	1,499,360	1,531,300	1,358,194	1,298,145	1,237,389	1,211,186	953,965	915,416	893,713	841,719
Liabilities and shareholders' equity
Current liabilities:
Trade payables
300,315	390,277	322,284	332,735	345,923	425,376	332,388	321,295	359,296	417,032	350,690	351,408	295,602	365,788	253,938	240,757	241,119	246,382
Contingencies
6,020	6,385	4,183	4,156	3,215	2,640	2,411	1,811	836	1,798	1,553	1,392	980	654	286	283	688	668
Income taxes
3,013	3,422	2,751	7,065	5,794	7,725	2,510	9,346	10,403	9,997	16,341	11,898	14,969	14,454	7,133	9,455	13,288	15,365
Financial liabilities - current portion
2,303	3,636	2,827	2,030	1,599	1,018	2,498	1,055	1,747	1,499	7,943	5,851	84,398	7,969	6,403	6,011	6,202	7,156
Operating lease liabilities - current portion
47,288	45,853	49,367	47,964	49,459	-	-	-	-	-	-	-	-	-	-	-	-	-
Other taxes
49,159	50,099	48,313	56,929	58,192	55,592	45,233	46,947	52,342	58,783	42,713	45,606	41,414	44,831	35,844	33,880	-	30,463
Employee - related payables
73,251	74,781	59,824	68,702	63,459	65,878	53,709	65,832	65,646	66,219	59,661	64,467	53,862	55,874	42,317	46,372	-	42,275
Other current liabilities
35,709	35,886	38,868	33,986	37,256	47,115	59,463	30,803	29,851	65,677	26,802	37,906	35,032	30,221	18,383	21,531	95,081	15,531
Total current liabilities
517,058	610,339	528,417	553,567	564,897	605,344	498,212	477,089	520,121	621,005	505,703	518,528	526,257	519,791	364,304	358,289	356,378	357,840
Deferred tax liabilities
7,922	9,272	8,208	8,489	8,421	10,770	6,438	3,251	2,552	2,497	28,719	28,088	28,900	686	752	518	410	139
Retirement benefit obligation
7,111	8,485	8,740	8,002	6,893	5,537	5,942	5,472	5,748	5,149	3,690	3,405	3,276	3,221	2,262	1,996	1,900	1,445
Financial liabilities - non-current portion
555	769	937	2,051	2,283	2,490	2,766	1,758	2,022	2,158	2,525	2,621	2,620	77,611	2,933	2,907	3,201	3,272
Operating lease liabilities - non-current portion
113,920	117,988	135,841	148,170	166,920	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current liabilities
2,715	5,543	5,340	4,327	4,706	5,103	3,669	4,104	5,246	2,793	4,290	2,824	4,697	0	-	-	-	-
Total non-current liabilities
132,223	142,057	159,066	171,039	189,223	23,900	18,815	14,585	15,568	12,597	39,224	36,938	39,493	81,518	5,947	5,421	5,511	4,856
Total liabilities
649,281	752,396	687,483	724,606	754,120	629,244	517,027	491,674	535,689	633,602	544,927	555,466	565,750	601,309	370,251	363,710	361,889	362,696
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0
Shareholders' equity:
Common shares, €0.025 par value, 66,197,181 and 66,202,881 shares authorized, issued and outstanding at December 31, 2019 and March 31, 2020, respectively.
2,158	2,158	2,157	2,157	2,157	2,201	2,182	2,177	2,157	2,152	2,137	2,128	2,112	2,093	2,087	2,082	2,063	2,052
Treasury stock, 3,903,673 and 4,533,650 shares at cost as of December 31, 2019 and March 31, 2020, respectively.
79,834	74,900	38,774	26,564	39,079	79,159	-	-	-	0	-	-	-	-	-	-	-	-
Additional paid-in capital
676,510	668,389	663,439	652,572	641,094	663,281	648,139	630,772	610,281	591,404	568,171	540,998	514,649	488,277	470,871	456,242	438,945	425,220
Accumulated other comprehensive (loss)
-54,283	-40,105	-58,382	-33,293	-41,869	-30,522	-25,788	-20,722	12,710	-12,241	-21,386	-42,615	-79,742	-88,593	-57,902	-60,329	-48,904	-69,023
Retained earnings
450,480	451,725	414,594	401,209	403,200	387,869	355,003	333,725	320,020	300,210	247,821	228,141	222,239	198,355	158,945	145,407	133,206	116,076
Equity-attributable to shareholders of Criteo S.A.
995,031	1,007,267	983,034	996,081	965,503	943,670	979,536	945,952	945,168	881,525	796,743	728,652	659,258	600,132	574,001	543,402	525,310	474,325
Non-controlling interests
31,577	30,721	31,371	28,882	26,293	24,221	19,380	18,916	18,503	16,173	16,524	14,027	12,381	9,745	9,713	8,304	6,514	4,698
Total equity
1,026,608	1,037,988	1,014,405	1,024,963	991,796	967,891	998,916	964,868	963,671	897,698	813,267	742,679	671,639	609,877	583,714	551,706	531,824	479,023
Total equity and liabilities
1,675,889	1,790,384	1,701,888	1,749,569	1,745,916	1,597,135	1,515,943	1,456,542	1,499,360	1,531,300	1,358,194	1,298,145	1,237,389	1,211,186	953,965	915,416	893,713	841,719