• Entity registrant name: Globant S.A. (CIK: 0001557860)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1557860/000114420418020505/0001144204-18-020505-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1557860/000114420418020505/glob-20171231.xml
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    Component: (Network and Table)
    Network
    1004000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
    (http://globant.com/role/ConsolidatedStatementsOfCashFlows)
    Table (Implied)
    Slicers (applies to each fact value in each table cell)
    Reporting Entity [Axis] 0001557860 (http://www.sec.gov/CIK)
    Statement of cash flows [abstract] Period [Axis]
    2017-01-01 - 2017-12-31
    2016-01-01 - 2016-12-31
    2015-01-01 - 2015-12-31
    Statement of cash flows [abstract]
     
     
     
    Cash flows from operating activities
     
     
     
    Net income for the year
    30,463,000  
    35,862,000  
    31,620,000  
    Adjustments to reconcile net income for the year to net cash flows from operating activities:
     
     
     
    Share-based compensation expense (note 22)
    12,865,000  
    3,620,000  
    2,382,000  
    Current income tax (note 7.1)
    14,053,000  
    15,057,000  
    19,522,000  
    Deferred income tax (note 7.1)
    (5,972,000) 
    (730,000) 
    (1,102,000) 
    Depreciation of property and equipment
    9,053,000  
    6,290,000  
    5,872,000  
    Amortization of intangible assets
    7,075,000  
    4,628,000  
    3,429,000  
    Impairment of intangible assets (note 4.12)
    4,708,000  
    0  
    0  
    Allowance for doubtful accounts (note 5.2)
    (5,000) 
    928,000  
    205,000  
    Allowance for claims and lawsuits (note 19)
    527,000  
    999,000  
    237,000  
    Gain on remeasurement of contingent consideration (note 27.10.1)
    (6,735,000) 
    (418,000) 
    0  
    Gain from bargain business combination (note 23)
    0  
    (225,000) 
    (625,000) 
    Gain on remeasurement of valuation of call and put option over non-controlling interest (note 27.10.2)
    (1,726,000) 
    (2,981,000) 
    0  
    Accrued interest
    404,000  
    757,000  
    880,000  
    Allowance for impairment of tax credits, net of recoveries
    1,586,000 2
    0 2
    (1,820,000)2
    Gain on transactions with bonds (note 3.17)
    0  
    0  
    (19,102,000) 
    Net gain arising on financial assets classified held-for-trading (note 6)
    (303,000) 
    (653,000) 
    (13,453,000) 
    Net gain arising on financial assets classified held-to-maturity (note 6)
    0  
    0  
    (4,941,000) 
    Net gain arising on financial assets classified as available for sale (note 6)
    (240,000) 
    (6,325,000) 
    0  
    Exchange differences
    2,645,000  
    5,959,000  
    10,136,000  
    Net increase in trade receivables
    (25,599,000) 
    (5,847,000) 
    (6,525,000) 
    Net decrease (increase) in other receivables
    1,240,000  
    (17,067,000) 
    (32,121,000) 
    Net increase (decrease) in trade payables
    4,341,000  
    (1,219,000) 
    1,386,000  
    Net increase in payroll and social security taxes payable
    7,576,000  
    3,316,000  
    6,850,000  
    Net (decrease) increase in tax liabilities
    (700,000) 
    (1,846,000) 
    2,752,000  
    Net decrease in other liabilities
    0  
    (9,000) 
    (237,000) 
    Utilization of provision for contingencies (note 19)
    (1,320,000) 
    (400,000) 
    (91,000) 
    Cash provided by operating activities
    53,936,000  
     
    39,696,000  
     
    5,254,000  
     
    Income tax paid
    11,383,000  
    8,216,000  
    10,569,000  
    Proceeds received from reimbursement of income tax
    436,000  
    0  
    0  
    Net cash provided by (used in) operating activities
    42,989,000  
     
    31,480,000  
     
    (5,315,000) 
     
    Cash flows from (used in) investing activities [abstract]
     
     
     
    Acquisition of property and equipment
    (19,605,000)3
    (17,660,000)3
    (13,595,000)3
    Proceeds from disposals of property and equipment
    468,000  
    50,000  
    88,000  
    Acquisition of intangible assets
    (8,447,000)1
    (6,374,000)1
    (4,222,000)1
    (Payments) proceeds related to forward contracts
    (579,000) 
    (1,126,000) 
    7,152,000  
    Acquisition of held-for-trading investments
    (137,788,000) 
    (220,391,000) 
    (122,087,000) 
    Proceeds from held-for-trading investments
    140,144,000  
    222,759,000  
    128,822,000  
    Acquisition of held-to-maturity investments
    0  
    0  
    (96,601,000) 
    Proceeds from held-to-maturity investments
    0  
    0  
    98,156,000  
    Acquisition of available-for-sale investments
    (13,824,000) 
    (201,931,000) 
    0  
    Proceeds from available-for-sale investments
    13,176,000  
    219,924,000  
    0  
    Payments to acquire investments in associates
    (469,000) 
    (500,000) 
    0  
    Acquisition of bonds
    0  
    0  
    (46,788,000) 
    Proceeds from sale of bonds
    0  
    0  
    65,890,000  
    Acquisition of business, net of cash (note 23)
    (19,149,000)4
    (16,584,000)4
    (10,569,000)4
    Seller financing
    (11,461,000) 
    (6,166,000) 
    (715,000) 
    Net cash (used in) provided by investing activities
    (57,534,000) 
     
    (27,999,000) 
     
    5,531,000  
     
    Cash flows from financing activities
     
     
     
    Proceeds from issuing other equity instruments
    5,296,000  
    1,863,000  
    2,236,000  
    Proceeds from subscription agreement (note 29.1)
    5,695,000  
    6,420,000  
    900,000  
    Repayment of borrowings (note 25)
    (16,198,000) 
    (543,000) 
    (505,000) 
    Proceeds from borrowings (note 25)
    22,000,000  
    0  
    0  
    Convertible notes (note 21.2)
    (100,000) 
    0  
    		  
    Cash provided by financing activities
    16,693,000  
     
    7,740,000  
     
    2,631,000  
     
    Interest paid (note 25)
    (95,000) 
    (41,000) 
    (633,000) 
    Net cash provided by financing activities
    16,598,000  
     
    7,699,000  
     
    1,998,000  
     
    Effect of exchange rate changes on cash and cash equivalents
    (60,000) 
    2,632,000  
    311,000  
    Increase in cash and cash equivalents
    1,993,000  
     
    13,812,000  
     
    2,525,000  
     
    Cash and cash equivalents at beginning of the year
    50,532,000  
    36,720,000  
    34,195,000  
    Cash and cash equivalents at end of the year
    52,525,000  
     
    50,532,000  
     
    36,720,000  
     
    Supplemental Information [Abstract]
     
     
     
    Cash paid
    21,300,000  
    19,525,000  
    10,726,000  
    Less: cash and cash equivalents acquired
    (2,151,000) 
    (2,941,000) 
    (157,000) 
    Total consideration paid net of cash and cash equivalents acquired
    19,149,000  
    16,584,000  
    10,569,000  
    1: In 2017, 2016 and 2015 there were 344, 7 and 439 of acquisition of intangibles financed with trade payables, respectively. In 2017, 2016 and 2015, the Company paid 7, 439 and 216 related to intangibles acquired in 2016, 2015 and 2014, respectively.
    2: Includes an impairment of tax credits of 1,586 for 2017 (see note 4.11) and a recovery of 1,820 for 2015 related to a reversal of the allowance of impairment of tax credits (see note 3.7.1.1).
    3: In 2017, 2016 and 2015, there were 1,264, 478 and 26 of acquisition of property and equipment financed with trade payables, respectively. In 2017, 2016 and 2015, the Company paid 478, 26 and 1,207 related to property and equipment acquired in 2016, 2015 and 2014, respectively. Finally, in 2017 and 2016 included 2,861 and 2,198 of advances paid.
    4: Cash paid for assets acquired and liabilities assumed in the acquisition of subsidiaries (note 23):Supplemental information Cash paid 21,300 19,525 10,726Less: cash and cash equivalents acquired (2,151) (2,941) (157)Total consideration paid net of cash and cash equivalents acquired 19,149 16,584 10,569