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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Equity - attributable to shareholders of Criteo S.A.
Share capital
Treasury Stock
Additional paid-in capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Non controlling interest
Beginning balance (in shares) at Dec. 31, 2021     65,883,347 5,207,873        
Beginning balance at Dec. 31, 2021 $ 1,198,320 $ 1,163,131 $ 2,149 $ (131,560) $ 731,248 $ (40,294) $ 601,588 $ 35,189
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 21,278 20,587         20,587 691
Other comprehensive income (loss) (18,132) (16,207)       (16,207)   (1,925)
Issuance of ordinary shares (in shares)     22,047          
Issuance of ordinary shares 320 320 $ 1   319      
Change in treasury stocks (in shares) [1]       (119,771)        
Change in treasury stocks [1] (8,304) (8,304)   $ (5,770)     (2,534)  
Share-Based Compensation 9,041 8,948     8,948     93
Other changes in equity 0              
Ending balance (in shares) at Mar. 31, 2022     65,905,394 5,327,644        
Ending balance at Mar. 31, 2022 1,202,523 1,168,475 $ 2,150 $ (137,330) 740,515 (56,501) 619,641 34,048
Beginning balance (in shares) at Dec. 31, 2021     65,883,347 5,207,873        
Beginning balance at Dec. 31, 2021 1,198,320 1,163,131 $ 2,149 $ (131,560) 731,248 (40,294) 601,588 35,189
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (5,174)              
Other comprehensive income (loss) (98,680)              
Ending balance (in shares) at Sep. 30, 2022     64,985,388 5,049,409        
Ending balance at Sep. 30, 2022 1,076,900 1,047,469 $ 2,125 $ (152,889) 760,666 (131,651) 569,218 29,431
Beginning balance (in shares) at Mar. 31, 2022     65,905,394 5,327,644        
Beginning balance at Mar. 31, 2022 1,202,523 1,168,475 $ 2,150 $ (137,330) 740,515 (56,501) 619,641 34,048
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (32,972) (33,613)         (33,613) 641
Other comprehensive income (loss) (50,061) (46,430)       (46,430)   (3,631)
Issuance of ordinary shares (in shares)     (111,362)          
Issuance of ordinary shares 110 110     110      
Change in treasury stocks (in shares) [1]       62,251        
Change in treasury stocks [1] (21,033) (21,033) $ (3) $ (11,179) (1,342)   (8,509)  
Share-Based Compensation 11,549 11,452     11,452     97
Other changes in equity 72 72     39   33  
Ending balance (in shares) at Jun. 30, 2022     65,794,032 5,265,393        
Ending balance at Jun. 30, 2022 1,110,188 1,079,033 $ 2,147 $ (148,509) 750,774 (102,931) 577,552 31,155
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 6,521 6,579         6,579 (58)
Other comprehensive income (loss) (30,487) (28,720)       (28,720)   (1,767)
Issuance of ordinary shares (in shares)     (808,644)          
Issuance of ordinary shares 1 1 $ 1          
Change in treasury stocks (in shares) [1]       215,984        
Change in treasury stocks [1] (29,846) (29,846) $ (23) $ (4,380) (10,530)   (14,913)  
Share-Based Compensation 20,523 20,422     20,422     101
Other changes in equity 0              
Ending balance (in shares) at Sep. 30, 2022     64,985,388 5,049,409        
Ending balance at Sep. 30, 2022 1,076,900 1,047,469 $ 2,125 $ (152,889) 760,666 (131,651) 569,218 29,431
Beginning balance (in shares) at Dec. 31, 2022     63,248,728 5,985,104        
Beginning balance at Dec. 31, 2022 1,081,106 1,048,041 $ 2,079 $ (174,293) 734,492 (91,890) 577,653 33,065
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (12,071) (11,809)         (11,809) (262)
Other comprehensive income (loss) 6,179 6,475       6,475   (296)
Issuance of ordinary shares (in shares)     67,968          
Issuance of ordinary shares 1,297 1,297 $ 2   1,295      
Change in treasury stocks (in shares) [2]       (1,338,049)        
Change in treasury stocks [2] (51,029) (51,029)   $ (37,107)     (13,922)  
Share-Based Compensation 24,707 24,610     24,610     97
Other changes in equity 0              
Ending balance (in shares) at Mar. 31, 2023     63,316,696 7,323,153        
Ending balance at Mar. 31, 2023 1,050,189 1,017,585 $ 2,081 $ (211,400) 760,397 (85,415) 551,922 32,604
Beginning balance (in shares) at Dec. 31, 2022     63,248,728 5,985,104        
Beginning balance at Dec. 31, 2022 1,081,106 1,048,041 $ 2,079 $ (174,293) 734,492 (91,890) 577,653 33,065
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (7,407)              
Other comprehensive income (loss) (12,310)              
Ending balance (in shares) at Sep. 30, 2023     63,350,663 7,094,574        
Ending balance at Sep. 30, 2023 1,034,850 1,005,231 $ 2,082 $ (212,094) 811,381 (100,482) 504,344 29,619
Beginning balance (in shares) at Mar. 31, 2023     63,316,696 7,323,153        
Beginning balance at Mar. 31, 2023 1,050,189 1,017,585 $ 2,081 $ (211,400) 760,397 (85,415) 551,922 32,604
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (1,971) (2,876)         (2,876) 905
Other comprehensive income (loss) (8,457) (5,887)       (5,887)   (2,570)
Issuance of ordinary shares (in shares)     20,757          
Issuance of ordinary shares 399 399     399      
Change in treasury stocks (in shares) [2]       (89,425)        
Change in treasury stocks [2] (23,835) (23,835)   $ (2,646)     (21,189)  
Share-Based Compensation 26,713 26,878     26,878     (165)
Other changes in equity (26) (26)       (26)    
Ending balance (in shares) at Jun. 30, 2023     63,337,453 7,412,578        
Ending balance at Jun. 30, 2023 1,043,012 1,012,238 $ 2,081 $ (214,046) 787,674 (91,328) 527,857 30,774
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 6,635 6,927         6,927 (292)
Other comprehensive income (loss) (10,032) (9,125)       (9,125)   (907)
Issuance of ordinary shares (in shares) [2]     13,210          
Issuance of ordinary shares 252 252 $ 1   251      
Treasury shares retired (in shares) [2]       318,004        
Treasury shares retired [2] 28,488 28,488   $ 1,952     30,440  
Share-Based Compensation 23,505 23,461     23,461     44
Other changes in equity (34) (34)     (5) (29)    
Ending balance (in shares) at Sep. 30, 2023     63,350,663 7,094,574        
Ending balance at Sep. 30, 2023 $ 1,034,850 $ 1,005,231 $ 2,082 $ (212,094) $ 811,381 $ (100,482) $ 504,344 $ 29,619
[1] On February 3, 2022, Criteo's board of directors authorized an extension of the share repurchase program to up to $280.0 million of the Company's outstanding American Depositary Shares. The change in treasury stocks is comprised of 2,195,411 shares repurchased at an average price of $26.7 offset by 1,401,489 treasury shares used for RSUs vesting.
[2] On December 7, 2022, Criteo's board of directors authorized an extension of the share repurchase program to up to $480.0 million of the Company's outstanding American Depositary Shares. The change in treasury stocks is comprised of 3,404,891 shares repurchased at an average price of $31.2 offset by 1,288,939 treasury shares used for RSUs vesting and by 1,006,482 treasury shares used for LUSs vesting.