2024 Q1 Form 10-K Financial Statement

#000155837024004248 Filed on March 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024 2023
Revenue $738.3M $3.029B $3.590B
YoY Change -4.43% -15.63% -4.48%
Cost Of Revenue $417.3M $1.640B $1.778B
YoY Change 3.53% -7.78% -6.56%
Gross Profit $321.0M $1.389B $1.812B
YoY Change -13.12% -23.34% -2.34%
Gross Profit Margin 43.47% 45.86% 50.47%
Selling, General & Admin $256.2M $1.023B $1.090B
YoY Change -0.39% -6.14% 17.41%
% of Gross Profit 79.82% 73.65% 60.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.63M $64.00M $56.00M
YoY Change 20.12% 14.29% 7.69%
% of Gross Profit 10.79% 4.61% 3.09%
Operating Expenses $256.2M $1.023B $1.090B
YoY Change -0.39% -6.14% 17.41%
Operating Profit $64.76M $366.1M $722.2M
YoY Change -42.29% -49.31% -22.11%
Interest Expense -$56.03M $237.9M $113.2M
YoY Change 112.44% 110.14% 74.31%
% of Operating Profit -86.53% 64.99% 15.68%
Other Income/Expense, Net $199.4M $282.8M
YoY Change -29.5% 191.98%
Pretax Income $8.225M $155.8M $437.3M
YoY Change -90.01% -64.37% -46.81%
Income Tax -$6.354M $28.26M -$91.36M
% Of Pretax Income -77.25% 18.14% -20.89%
Net Earnings $11.38M $127.6M $528.6M
YoY Change -89.35% -75.87% -23.22%
Net Earnings / Revenue 1.54% 4.21% 14.72%
Basic Earnings Per Share $6.42 $22.47
Diluted Earnings Per Share $0.58 $5.91 $19.90
COMMON SHARES
Basic Shares Outstanding 18.32M 19.88M 23.52M
Diluted Shares Outstanding 21.60M 26.56M

Balance Sheet

Concept 2024 Q1 2024 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.7M $123.7M $1.508B
YoY Change -91.8% -91.8% -30.75%
Cash & Equivalents $123.7M $123.7M $1.508B
Short-Term Investments
Other Short-Term Assets $29.13M $130.5M $107.0M
YoY Change 10.97% 21.99% 9.6%
Inventory $754.1M $754.1M $801.8M
Prepaid Expenses $42.09M
Receivables $55.06M $55.06M $59.76M
Other Receivables $38.54M $38.54M $35.99M
Total Short-Term Assets $1.102B $1.102B $2.513B
YoY Change -56.15% -56.15% -18.72%
LONG-TERM ASSETS
Property, Plant & Equipment $1.686B $2.312B $2.163B
YoY Change 3.05% 6.86% 21.6%
Goodwill $141.0M
YoY Change -0.01%
Intangibles
YoY Change
Long-Term Investments $128.7M $128.7M $101.5M
YoY Change 26.81% 26.81% 0.65%
Other Assets $240.7M $384.7M $316.2M
YoY Change 61.33% 21.65% -10.91%
Total Long-Term Assets $3.042B $3.042B $2.797B
YoY Change 8.77% 8.77% 14.19%
TOTAL ASSETS
Total Short-Term Assets $1.102B $1.102B $2.513B
Total Long-Term Assets $3.042B $3.042B $2.797B
Total Assets $4.144B $4.144B $5.309B
YoY Change -21.95% -21.95% -4.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $192.3M $192.3M $166.1M
YoY Change 15.81% 15.81% -31.38%
Accrued Expenses $259.8M $259.8M $289.3M
YoY Change -10.19% -10.19% 5.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $81.50M $81.50M $44.86M
YoY Change 6926.12% 81.67% -27.79%
Total Short-Term Liabilities $872.9M $872.9M $886.0M
YoY Change -1.48% -1.48% -16.71%
LONG-TERM LIABILITIES
Long-Term Debt $2.973B $2.973B $3.118B
YoY Change -4.66% -4.66% 13.06%
Other Long-Term Liabilities $10.64M $586.8M $513.9M
YoY Change 31.77% 14.19% -6.24%
Total Long-Term Liabilities $10.64M $3.560B $3.632B
YoY Change 31.77% -1.99% 9.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $872.9M $872.9M $886.0M
Total Long-Term Liabilities $10.64M $3.560B $3.632B
Total Liabilities $4.441B $4.441B $4.525B
YoY Change -1.84% -1.84% 3.53%
SHAREHOLDERS EQUITY
Retained Earnings -$583.3M
YoY Change -208.01%
Common Stock $2.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$297.4M -$297.4M $784.7M
YoY Change
Total Liabilities & Shareholders Equity $4.144B $4.144B $5.309B
YoY Change -21.95% -21.95% -4.17%

Cashflow Statement

Concept 2024 Q1 2024 2023
OPERATING ACTIVITIES
Net Income $11.38M $127.6M $528.6M
YoY Change -89.35% -75.87% -23.22%
Depreciation, Depletion And Amortization $34.63M $64.00M $56.00M
YoY Change 20.12% 14.29% 7.69%
Cash From Operating Activities -$114.0M $202.2M $403.7M
YoY Change -268.41% -49.91% -39.03%
INVESTING ACTIVITIES
Capital Expenditures $137.5M $269.4M $173.6M
YoY Change 114.98% 55.12% -6.33%
Acquisitions
YoY Change
Other Investing Activities -$3.754M -$38.08M $2.574M
YoY Change 838.5% -1579.22% -128.7%
Cash From Investing Activities -$141.3M -$307.4M -$171.1M
YoY Change 119.48% 79.71% -11.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.253B $1.000B
YoY Change 25.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.645M -1.283B -902.5M
YoY Change -99.28% 42.17% -156.15%
NET CHANGE
Cash From Operating Activities -114.0M 202.2M 403.7M
Cash From Investing Activities -141.3M -307.4M -171.1M
Cash From Financing Activities -4.645M -1.283B -902.5M
Net Change In Cash -259.9M -1.388B -670.1M
YoY Change -59.62% 107.14% -132.3%
FREE CASH FLOW
Cash From Operating Activities -$114.0M $202.2M $403.7M
Capital Expenditures $137.5M $269.4M $173.6M
Free Cash Flow -$251.5M -$67.14M $230.0M
YoY Change -6898.43% -129.19% -51.75%

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CY2024 us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:26pt 0pt 8pt 0pt;">NOTE 1—NATURE OF BUSINESS</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 9pt 0pt;">RH, a Delaware corporation, together with its subsidiaries (collectively, “we,” “us,” “our” or the “Company”), is a leading retailer and luxury lifestyle brand operating primarily in the home furnishings market. Our curated and fully integrated assortments are presented consistently across our sales channels, including our retail locations, websites and Sourcebooks. We offer merchandise assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and baby, child and teen furnishings. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">As of February 3, 2024, we operated a total of 70 RH Galleries and 42 RH outlet stores, one RH Guesthouse and 14 Waterworks Showrooms throughout the United States, Canada, the United Kingdom and Germany. We also have sourcing operations in Shanghai and Hong Kong. </p>
CY2024 us-gaap Fiscal Period
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:12pt 0pt 2pt 0pt;">Fiscal Years</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 9pt 0pt;">Our fiscal year ends on the Saturday closest to January 31. As a result, our fiscal year may include 53 weeks. Our fiscal year ended February 3, 2024 (“fiscal 2023”) consisted of 53 weeks. The fiscal years ended January 28, 2023 (“fiscal 2022”) and January 29, 2022 (“fiscal 2021”) each consisted of 52 weeks. </p>
CY2024 us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:12pt 0pt 2pt 0pt;">Use of Accounting Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 9pt 0pt;">The preparation of our consolidated financial statements, in conformity with GAAP, requires our senior leadership team to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and such differences could be material to the consolidated financial statements.</p>
CY2024 us-gaap Concentration Risk Credit Risk
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 2pt 0pt;">Concentration of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 9pt 0pt;">We maintain our cash and cash equivalent accounts in high-quality financial institutions. The amount of cash and cash equivalents held with certain financial institutions exceeds government-insured limits. We perform ongoing evaluations of these institutions to limit our concentration of credit risk.</p>
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P8Y3M18D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P19Y8M12D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P21Y10M24D
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0.0517
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0408
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0507
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0532
CY2024 us-gaap Operating Lease Payments
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122220000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
101513000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
102097000
CY2024 us-gaap Finance Lease Interest Payment On Liability
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37819000
CY2023 us-gaap Finance Lease Interest Payment On Liability
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32090000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
26775000
CY2024 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
13972000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10146000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
14158000
CY2024 rh Operating And Finance Lease Payments
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174011000
CY2023 rh Operating And Finance Lease Payments
OperatingAndFinanceLeasePayments
143749000
CY2022 rh Operating And Finance Lease Payments
OperatingAndFinanceLeasePayments
143030000
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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170542000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
49702000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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172393000
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1648000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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109015000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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89617000
CY2024 rh Reclassification Of Finance Lease Right Of Use Asset To Property Plant And Equipment
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188515000
CY2024 rh Reclassification Of Finance Lease Liability To Property Plant And Equipment
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71612000
CY2024 us-gaap Payments For Proceeds From Tenant Allowance
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-2400000
CY2023 us-gaap Payments For Proceeds From Tenant Allowance
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-4700000
CY2022 us-gaap Payments For Proceeds From Tenant Allowance
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0
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2448750000
CY2024Q1 us-gaap Deferred Finance Costs Noncurrent Gross
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35169000
CY2024Q1 us-gaap Debt Longterm And Shortterm Combined Amount
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2413581000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2474910000
CY2023Q1 us-gaap Deferred Finance Costs Noncurrent Gross
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42976000
CY2023Q1 us-gaap Debt Longterm And Shortterm Combined Amount
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2431934000
CY2024 us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
The ABL Credit Agreement does not contain any significant financial ratio covenants or coverage ratio covenants other than a consolidated fixed charge coverage ratio (“FCCR”) covenant based on the ratio of (i) consolidated EBITDA to the amount of (ii) debt service costs plus certain other amounts, including dividends and distributions and prepayments of debt as defined in the ABL Credit Agreement (the “FCCR Covenant”). The FCCR Covenant only applies in certain limited circumstances, including when the unused availability under the ABL Credit Agreement drops below the greater of (A) $40 million and (B) an amount based on 10% of the total borrowing availability at the time. The FCCR Covenant ratio is set at 1.0 and measured on a trailing twelve-month basis. As of February 3, 2024, RHI was in compliance with the FCCR Covenant.
CY2024 us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
As of February 3, 2024, RHI was in compliance with the FCCR Covenant
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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418216000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
12313000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
19068000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1103000
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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155822000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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437284000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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822104000
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2024 us-gaap Current State And Local Tax Expense Benefit
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6032000
CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2024 us-gaap Current Foreign Tax Expense Benefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
363000
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2962000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
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-1339000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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-18639000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2885000
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
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4402000
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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4061000
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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-195000
CY2024 rh Deferred Income Tax Expense Benefit Continuing Operations
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25299000
CY2023 rh Deferred Income Tax Expense Benefit Continuing Operations
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CY2022 rh Deferred Income Tax Expense Benefit Continuing Operations
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-6921000
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-91358000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
133558000
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.028
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.073
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.009
CY2024 rh Effective Income Tax Rate Reconciliation Stock Compensation Excess Benefits
EffectiveIncomeTaxRateReconciliationStockCompensationExcessBenefits
-0.034
CY2023 rh Effective Income Tax Rate Reconciliation Stock Compensation Excess Benefits
EffectiveIncomeTaxRateReconciliationStockCompensationExcessBenefits
-0.500
CY2022 rh Effective Income Tax Rate Reconciliation Stock Compensation Excess Benefits
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-0.080
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.013
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.009
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.006
CY2024 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.008
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.006
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.002
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.002
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.005
CY2024 rh Effective Income Tax Rate Reconciliation Conversion Of Debt
EffectiveIncomeTaxRateReconciliationConversionOfDebt
0.001
CY2023 rh Effective Income Tax Rate Reconciliation Conversion Of Debt
EffectiveIncomeTaxRateReconciliationConversionOfDebt
0.094
CY2024 rh Effective Income Tax Rate Reconciliation Tax Rate Adjustments
EffectiveIncomeTaxRateReconciliationTaxRateAdjustments
0.010
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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0.023
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.004
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.004
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.181
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.209
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.162
CY2024Q1 rh Deferred Tax Assets Lease Liabilities
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CY2023Q1 rh Deferred Tax Assets Lease Liabilities
DeferredTaxAssetsLeaseLiabilities
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CY2024Q1 us-gaap Deferred Tax Asset Interest Carryforward
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72765000
CY2023Q1 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
28584000
CY2024Q1 rh Deferred Tax Assets Net Operating Loss Carryforward Noncurrent
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60143000
CY2023Q1 rh Deferred Tax Assets Net Operating Loss Carryforward Noncurrent
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120586000
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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25906000
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
30108000
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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19090000
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
14974000
CY2024Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
13881000
CY2023Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
13346000
CY2024Q1 rh Increase Decrease In Deferred Tax Liabilities Deferred Income
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3847000
CY2023Q1 rh Increase Decrease In Deferred Tax Liabilities Deferred Income
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3242000
CY2023Q1 us-gaap Deferred Tax Assets Other
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4483000
CY2024Q1 us-gaap Deferred Tax Assets Gross
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537399000
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
555234000
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
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4442000
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
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4202000
CY2024Q1 us-gaap Deferred Tax Assets Net
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532957000
CY2023Q1 us-gaap Deferred Tax Assets Net
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551032000
CY2024Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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182580000
CY2023Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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212424000
CY2024Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
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165423000
CY2023Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
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142199000
CY2024Q1 rh Deferred Tax Liabilities Prepaid Expense And Other
DeferredTaxLiabilitiesPrepaidExpenseAndOther
29927000
CY2023Q1 rh Deferred Tax Liabilities Prepaid Expense And Other
DeferredTaxLiabilitiesPrepaidExpenseAndOther
15894000
CY2024Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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11379000
CY2023Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
11452000
CY2024Q1 rh Deferred Tax Liabilities State Tax
DeferredTaxLiabilitiesStateTax
8104000
CY2023Q1 rh Deferred Tax Liabilities State Tax
DeferredTaxLiabilitiesStateTax
8339000
CY2024Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
397413000
CY2023Q1 us-gaap Deferred Income Tax Liabilities
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390308000
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135544000
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
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160724000
CY2017Q4 rh Amended Federal Tax Return Claiming Refund
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CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
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4202000
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
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1959000
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
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2049000
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
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4202000
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
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CY2024 rh Federal Net Operating Loss Carryovers
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CY2024Q1 rh State Net Operating Loss Carry Forwards
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108000000
CY2024 rh Foreign Net Operating Loss Carry Forwards
ForeignNetOperatingLossCarryForwards
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CY2024 rh Net Operating Loss Carry Forwards Expiration Dates
NetOperatingLossCarryForwardsExpirationDates
The federal net operating losses do not expire. The state net operating loss carryovers will begin to expire in 2024 and continue to expire at various times depending upon individual state carryforward rules.
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CY2021Q1 us-gaap Unrecognized Tax Benefits
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CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2024Q1 us-gaap Unrecognized Tax Benefits
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CY2023Q1 us-gaap Unrecognized Tax Benefits
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CY2022Q1 us-gaap Unrecognized Tax Benefits
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CY2022 rh Income Tax Expense Benefit From Amendment Tax Return
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CY2024 rh Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Period
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CY2023 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2024 us-gaap Gross Profit
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CY2023 us-gaap Gross Profit
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CY2022 us-gaap Gross Profit
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CY2024 us-gaap Depreciation And Amortization
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CY2024 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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0.50
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0
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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0
CY2024 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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0
CY2024Q1 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
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0
CY2024 us-gaap Number Of Operating Segments
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3
CY2024 us-gaap Operating Income Loss
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CY2023 us-gaap Operating Income Loss
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CY2022 us-gaap Operating Income Loss
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CY2022 us-gaap Interest Income Expense Net
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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-29138000
CY2024 rh Other Expense Net
OtherExpenseNet
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CY2023 rh Other Expense Net
OtherExpenseNet
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CY2022 rh Other Expense Net
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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166697000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
439339000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
830318000
CY2024 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3029126000
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3590477000
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
108588000
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
96022000
CY2024Q1 us-gaap Goodwill
Goodwill
141033000
CY2023Q1 us-gaap Goodwill
Goodwill
141048000
CY2024Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
75927000
CY2023Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
74633000
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
128668000
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
101468000
CY2024Q1 us-gaap Assets
Assets
4143897000
CY2023Q1 us-gaap Assets
Assets
5309289000
CY2024 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3029126000
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3590477000
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3758820000
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
2672973000
CY2023Q1 us-gaap Noncurrent Assets
NoncurrentAssets
2446029000
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
rh Nonrule10b51arrmodified Flag
Nonrule10b51arrmodifiedFlag
false
rh Rule10b51arrmodified Flag
Rule10b51arrmodifiedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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