v3.24.3
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, 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) [1]       1,338,049        
Change in treasury stocks [1] (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) [1]       89,425        
Change in treasury stocks [1] (23,835) (23,835)   $ (2,646)     (21,189)  
Share-Based Compensation 26,713 26,878     26,878     (165)
Other changes in equity (26) (26)     (5) (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) [1]     13,210          
Issuance of ordinary shares 252 252 $ 1   251      
Treasury shares retired (in shares) [1]       318,004        
Treasury shares retired [1] 28,488 28,488   $ 1,952     30,440  
Share-Based Compensation 23,505 23,461     23,461     44
Other changes in equity (34) (34)       (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
Beginning balance (in shares) at Dec. 31, 2023     61,165,663 5,400,572        
Beginning balance at Dec. 31, 2023 1,111,391 1,079,605 $ 2,023 $ (161,788) 769,240 (85,326) 555,456 31,786
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 8,566 7,244         7,244 1,322
Other comprehensive income (loss) (13,483) (11,437)       (11,437)   (2,046)
Issuance of ordinary shares (in shares)     15,338          
Issuance of ordinary shares 395 395 $ 1   394      
Change in treasury stocks (in shares) [2]       1,216,547        
Change in treasury stocks [2] (62,143) (62,143)   $ (42,575)     (19,568)  
Share-Based Compensation 27,913 27,858     27,858     55
Other changes in equity (40) (40)         (40)  
Ending balance (in shares) at Mar. 31, 2024     61,181,001 6,617,119        
Ending balance at Mar. 31, 2024 1,072,599 1,041,482 $ 2,024 $ (204,363) 797,492 (96,763) 543,092 31,117
Beginning balance (in shares) at Dec. 31, 2023     61,165,663 5,400,572        
Beginning balance at Dec. 31, 2023 1,111,391 1,079,605 $ 2,023 $ (161,788) 769,240 (85,326) 555,456 31,786
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 42,769              
Other comprehensive income (loss) 1,846              
Ending balance (in shares) at Sep. 30, 2024     59,180,216 4,399,179        
Ending balance at Sep. 30, 2024 1,085,507 1,051,407 $ 1,970 $ (152,997) 728,707 (83,345) 557,072 34,100
Beginning balance (in shares) at Mar. 31, 2024     61,181,001 6,617,119        
Beginning balance at Mar. 31, 2024 1,072,599 1,041,482 $ 2,024 $ (204,363) 797,492 (96,763) 543,092 31,117
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 28,059 26,987         26,987 1,072
Other comprehensive income (loss) (8,918) (7,085)       (7,085)   (1,833)
Issuance of ordinary shares (in shares)     32,485          
Issuance of ordinary shares 812 812     812      
Change in treasury stocks (in shares) [2]     2,150,000          
Change in treasury stocks [2]     $ (57)          
Treasury shares retired (in shares) [2]       2,155,602        
Treasury shares retired [2] 40,352 40,352   $ 50,109 57,871   32,533  
Share-Based Compensation 21,295 21,248     21,248     47
Other changes in equity (305) (305)         (305)  
Ending balance (in shares) at Jun. 30, 2024     59,063,486 4,461,517        
Ending balance at Jun. 30, 2024 1,073,190 1,042,787 $ 1,967 $ (154,254) 761,681 (103,848) 537,241 30,403
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 6,144 6,245         6,245 (101)
Other comprehensive income (loss) 24,247 20,503       20,503   3,744
Issuance of ordinary shares (in shares)     116,730          
Issuance of ordinary shares 3,226 3,226 $ 3   3,223      
Treasury shares retired (in shares) [2]       62,338        
Treasury shares retired 54,996 [2] 54,996 [2]   $ 1,257 [2] 70,774   (14,521) [2]  
Share-Based Compensation 34,634 34,577     34,577     57
Other changes in equity (938) (935)         (935) (3)
Ending balance (in shares) at Sep. 30, 2024     59,180,216 4,399,179        
Ending balance at Sep. 30, 2024 $ 1,085,507 $ 1,051,407 $ 1,970 $ (152,997) $ 728,707 $ (83,345) $ 557,072 $ 34,100
[1]
(*) 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 a weighted average price of $30.4 offset by 1,288,939 treasury shares used for RSUs vesting and by 1,006,482 treasury shares used for LUSs vesting.
[2]
(*) On February 1, 2024, Criteo's board of directors authorized an extension of the share repurchase program to up to $630.0 million of the Company's outstanding American Depositary Shares. The change in treasury stocks is comprised of 4,297,334 shares repurchased at a weighted average price of $36.6 offset by 1,796,847 treasury shares used for RSUs vesting, by 1,351,880 treasury shares used for LUSs vesting and by 2,150,000 treasury shares cancelled.