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Financial and Other Income and Expenses

9 Months Ended

Sep. 30, 2023

Other Income and Expenses [Abstract]

Financial and other income and expenses

Financial and Other Income and Expenses

The condensed consolidated statements of income line item “Financial and Other income (expense)” can be broken down as follows:

			Three Months Ended									Nine Months Ended
			September 30, 2023			September 30, 2022						September 30, 2023			September 30, 2022
			(in thousands)
Financial income from cash equivalents			$	1,055		$	170					$	3,190		$	543
Interest and fees			(437)			(422)						(1,500)			(1,391)
Foreign exchange gains (losses)			(1,731)			3,795						(4,683)			24,384
Discounting impact			(1,593)			—						(3,692)			—
Other financial income (expense)			(261)			(58)						8,693			391
Total Financial and Other income (expense)			$	(2,967)		$	3,485					$	2,008		$	23,927

The $2.0 million in financial and other income for the nine months ended September 30, 2023, were mainly driven by proceeds from disposal of non consolidated investments partially offset by the recognition of a negative impact of foreign exchange and the accretion of earn-out liability related to Iponweb acquisition.

At September 30, 2023, our exposure to foreign currency risk was centralized at Criteo S.A. and hedged using foreign currency swaps or forward purchases or sales of foreign currencies.

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- References

No definition available.

+ Details

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- Definition

The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

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