2019 Form 10-K Financial Statement

#000157694219000013 Filed on October 02, 2019

View on sec.gov

Income Statement

Concept 2019 2018 Q3 2018
Revenue $1.578B $318.3M $1.227B
YoY Change 28.62% 23.23% 25.52%
Cost Of Revenue $874.4M $176.9M $690.5M
YoY Change 26.64% 21.16% 27.23%
Gross Profit $703.1M $141.4M $536.0M
YoY Change 31.18% 26.02% 23.39%
Gross Profit Margin 44.57% 44.42% 43.7%
Selling, General & Admin $679.6M $133.3M $493.0M
YoY Change 37.86% 19.02% 22.4%
% of Gross Profit 96.66% 94.27% 91.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.10M $3.000M $10.50M
YoY Change 53.33% 33.93% 36.36%
% of Gross Profit 2.29% 2.12% 1.96%
Operating Expenses $679.6M $133.3M $493.0M
YoY Change 37.86% 18.91% 22.4%
Operating Profit $23.50M $8.100M $43.02M
YoY Change -45.39% 8000.0% 35.98%
Interest Expense $5.791M $904.0K
YoY Change 540.6% 2052.38%
% of Operating Profit 24.65% 2.1%
Other Income/Expense, Net $1.535M $800.0K $100.0K
YoY Change 1435.0% -123.53%
Pretax Income $30.82M $8.900M $54.71M
YoY Change -43.67% -387.1% 327.41%
Income Tax -$6.060M -$8.900M $9.813M
% Of Pretax Income -19.66% -100.0% 17.94%
Net Earnings $36.88M $18.30M $44.90M
YoY Change -17.86% -506.67% -7658.92%
Net Earnings / Revenue 2.34% 5.75% 3.66%
Basic Earnings Per Share $0.37 $0.47
Diluted Earnings Per Share $0.36 $173.3K $0.34
COMMON SHARES
Basic Shares Outstanding 100.0M shares 75.95M shares
Diluted Shares Outstanding 103.7M shares 81.29M shares

Balance Sheet

Concept 2019 2018 Q3 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $314.2M $297.5M $297.5M
YoY Change 5.61% 169.0% 168.99%
Cash & Equivalents $170.9M $297.5M $297.5M
Short-Term Investments $143.3M $0.00
Other Short-Term Assets $50.00M $34.40M $34.40M
YoY Change 45.35% 75.51% 75.51%
Inventory $118.2M $85.09M $85.10M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $482.4M $417.0M $417.0M
YoY Change 15.68% 110.86% 110.82%
LONG-TERM ASSETS
Property, Plant & Equipment $54.90M $34.17M $34.20M
YoY Change 60.53% 27.82% 28.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $53.40M
YoY Change
Other Assets $25.40M $3.703M $30.40M
YoY Change -16.45% 2.32% -7.03%
Total Long-Term Assets $133.7M $64.58M $64.60M
YoY Change 106.97% 8.64% 8.75%
TOTAL ASSETS
Total Short-Term Assets $482.4M $417.0M $417.0M
Total Long-Term Assets $133.7M $64.58M $64.60M
Total Assets $616.1M $481.6M $481.6M
YoY Change 27.93% 87.24% 87.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $98.40M $79.78M $84.30M
YoY Change 16.73% 80.35% 90.72%
Accrued Expenses $52.10M $43.04M $33.50M
YoY Change 55.52% -7.17% -11.61%
Deferred Revenue $8.870M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $182.6M $142.2M $142.2M
YoY Change 28.41% 6.21% 6.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $37.40M $8.993M $24.30M
YoY Change 53.91% 21.15% 26.56%
Total Long-Term Liabilities $37.40M $8.993M $24.30M
YoY Change 53.91% 21.15% 26.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.6M $142.2M $142.2M
Total Long-Term Liabilities $37.40M $8.993M $24.30M
Total Liabilities $220.1M $166.5M $166.5M
YoY Change 32.19% 8.75% 8.75%
SHAREHOLDERS EQUITY
Retained Earnings $79.76M
YoY Change 128.81%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $396.0M $315.1M $315.1M
YoY Change
Total Liabilities & Shareholders Equity $616.1M $481.6M $481.6M
YoY Change 27.93% 87.24% 87.25%

Cashflow Statement

Concept 2019 2018 Q3 2018
OPERATING ACTIVITIES
Net Income $36.88M $18.30M $44.90M
YoY Change -17.86% -506.67% -7658.92%
Depreciation, Depletion And Amortization $16.10M $3.000M $10.50M
YoY Change 53.33% 33.93% 36.36%
Cash From Operating Activities $78.59M $10.68M $72.18M
YoY Change 8.89% 306.08% 86.87%
INVESTING ACTIVITIES
Capital Expenditures $30.83M -$4.540M $16.57M
YoY Change 86.09% 36.34% -3.3%
Acquisitions
YoY Change
Other Investing Activities -$194.4M
YoY Change
Cash From Investing Activities -$225.2M -$4.540M -$16.57M
YoY Change 1259.4% 36.75% -3.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $39.00K
YoY Change -100.0% -98.9%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $6.945M 4.120M $134.8M
YoY Change -94.85% -656.76% -4551.62%
NET CHANGE
Cash From Operating Activities $78.59M 10.68M $72.18M
Cash From Investing Activities -$225.2M -4.540M -$16.57M
Cash From Financing Activities $6.945M 4.120M $134.8M
Net Change In Cash -$139.6M 10.26M $190.4M
YoY Change -173.34% -817.48% 931.13%
FREE CASH FLOW
Cash From Operating Activities $78.59M $10.68M $72.18M
Capital Expenditures $30.83M -$4.540M $16.57M
Free Cash Flow $47.77M $15.22M $55.61M
YoY Change -14.1% 155.37% 158.74%

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CY2017 sfix Debt Issuance Costs Paid In Prior Year
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CY2019 us-gaap Nature Of Operations
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<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#231f20;font-weight:bold;">Description of Business</span></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stitch Fix, Inc. (“we,” “our,” “us,” or “the Company”) delivers one-to-one personalization to our clients through the combination of data science and human judgment. Our stylists hand select items from a broad range of merchandise. Stylists pair their own judgment with our analysis of client and merchandise data to provide a personalized shipment of apparel, shoes, and accessories suited to each client’s needs. We call each of these unique shipments a Fix. After receiving a Fix, our clients purchase the items they want to keep and return the other items. We are incorporated in Delaware and have operations in the United States and the UK.</span></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Initial Public Offering</span></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On November 16, 2017, we completed an initial public offering, or IPO. In connection with the IPO, we authorized </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> new classes of common stock: Class A common stock and Class B common stock. The rights of the holders of Class A and Class B common stock are identical, except with respect to voting, conversion and transfer rights. Each share of Class A common stock is entitled to </span><span style="font-family:inherit;font-size:10pt;"><span>one</span></span><span style="font-family:inherit;font-size:10pt;"> vote per share and each share of Class B common stock is entitled to </span><span style="font-family:inherit;font-size:10pt;"><span>ten</span></span><span style="font-family:inherit;font-size:10pt;"> votes per share. Each share of Class B common stock is convertible at any time at the option of the stockholder into </span><span style="font-family:inherit;font-size:10pt;"><span>one</span></span><span style="font-family:inherit;font-size:10pt;"> share of Class A common stock and has no expiration date. The Class B common stock automatically converts to Class A common stock upon transfers or any sale. In the IPO, we issued and sold </span><span style="font-family:inherit;font-size:10pt;"><span>8,000,000</span></span><span style="font-family:inherit;font-size:10pt;"> shares of our Class A common stock at a public offering price of </span><span style="font-family:inherit;font-size:10pt;"><span>$15.00</span></span><span style="font-family:inherit;font-size:10pt;"> per share. We received </span><span style="font-family:inherit;font-size:10pt;"><span>$110.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> in net proceeds after deducting </span><span style="font-family:inherit;font-size:10pt;"><span>$6.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> of underwriting discounts and </span><span style="font-family:inherit;font-size:10pt;"><span>$3.4 million</span></span><span style="font-family:inherit;font-size:10pt;"> in offering costs. Upon the closing of the IPO, all of the then-outstanding shares of common stock were reclassified into Class B common stock, all of the outstanding shares of convertible preferred stock automatically converted into </span><span style="font-family:inherit;font-size:10pt;"><span>59,511,055</span></span><span style="font-family:inherit;font-size:10pt;"> shares of Class B common stock, and all of the outstanding preferred stock warrants were automatically exercised into </span><span style="font-family:inherit;font-size:10pt;"><span>1,066,225</span></span><span style="font-family:inherit;font-size:10pt;"> shares of Class B common stock. Subsequent to the closing of the IPO, there were </span><span style="font-family:inherit;font-size:10pt;"><span>no</span></span><span style="font-family:inherit;font-size:10pt;"> shares of preferred stock or preferred stock warrants outstanding.</span></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In December 2017, we issued an additional </span><span style="font-family:inherit;font-size:10pt;"><span>1,175,557</span></span><span style="font-family:inherit;font-size:10pt;"> shares of Class A common stock at a price of </span><span style="font-family:inherit;font-size:10pt;"><span>$15.00</span></span><span style="font-family:inherit;font-size:10pt;"> per share following the underwriters’ exercise of their option to purchase additional shares and received </span><span style="font-family:inherit;font-size:10pt;"><span>$16.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> in net proceeds after deducting underwriting discounts and expenses.</span></div>
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<div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#231f20;">Our fiscal year is a 52-week or 53-week period ending on the Saturday closest to July 31. The fiscal year ended </span><span style="font-family:inherit;font-size:10pt;color:#231f20;">August 3, 2019</span><span style="font-family:inherit;font-size:10pt;color:#231f20;"> (“</span><span style="font-family:inherit;font-size:10pt;color:#231f20;">2019</span><span style="font-family:inherit;font-size:10pt;color:#231f20;">”), consisted of 53 weeks, and the fiscal years ended </span><span style="font-family:inherit;font-size:10pt;color:#231f20;">July 28, 2018</span><span style="font-family:inherit;font-size:10pt;color:#231f20;"> (“</span><span style="font-family:inherit;font-size:10pt;color:#231f20;">2018</span><span style="font-family:inherit;font-size:10pt;color:#231f20;">”), and </span><span style="font-family:inherit;font-size:10pt;color:#231f20;">July 29, 2017</span><span style="font-family:inherit;font-size:10pt;color:#231f20;"> (“</span><span style="font-family:inherit;font-size:10pt;color:#231f20;">2017</span><span style="font-family:inherit;font-size:10pt;color:#231f20;">”), consisted of 52 weeks.</span></div>
CY2019 us-gaap Number Of Operating Segments
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CY2019 us-gaap Use Of Estimates
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<div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#231f20;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#231f20;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in our consolidated financial statements and accompanying footnotes. Significant estimates and assumptions are used for inventory, stock-based compensation expense, income taxes, and revenue recognition. Actual results could differ from those estimates and such differences may be material to the consolidated financial statements.</span></div>
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10500000 USD
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CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#231f20;font-style:italic;font-weight:bold;">Concentration of Credit Risks</span></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are subject to concentrations of credit risk principally from cash and cash equivalents and investment securities. The majority of our cash is held by three financial institutions within the United States. Our cash balances held by these institutions may exceed federally insured limits. The associated risk of concentration for cash is mitigated by banking with credit-worthy institutions. The associated risk of concentration for cash equivalents and investments is mitigated by maintaining a diversified portfolio of highly rated instruments.</span></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;color:#231f20;">No client accounted for greater than 10% of total revenue, net for </span><span style="font-family:inherit;font-size:10pt;color:#231f20;">2019</span><span style="font-family:inherit;font-size:10pt;color:#231f20;">, </span><span style="font-family:inherit;font-size:10pt;color:#231f20;">2018</span><span style="font-family:inherit;font-size:10pt;color:#231f20;">, and </span><span style="font-family:inherit;font-size:10pt;color:#231f20;">2017</span><span style="font-family:inherit;font-size:10pt;color:#231f20;">.</span></div>
CY2019Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
196124000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
524000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
196648000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
143276000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
53372000 USD
CY2019Q3 sfix Sfix Debt Securities Availableforsale Maturity Allocated And Single Maturity Date After Five Years Fair Value
Sfix_DebtSecuritiesAvailableforsaleMaturityAllocatedAndSingleMaturityDateAfterFiveYearsFairValue
0 USD
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2018Q3 sfix Sfix Financial Instruments Measured At Fair Value
Sfix_FinancialInstrumentsMeasuredAtFairValue
0 USD
CY2017Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
26679000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
-10685000 USD
CY2018 sfix Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Liability Reclassification To Additional Paid In Capital
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityReclassificationToAdditionalPaidInCapital
-15994000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
85978000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
54580000 USD
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
31090000 USD
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20411000 USD
CY2019Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
13900000 USD
CY2018Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
12900000 USD
CY2018Q3 us-gaap Security Deposit
SecurityDeposit
1300000 USD
CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9494000 USD
CY2018Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10680000 USD
CY2019Q3 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
12922000 USD
CY2018Q3 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
10456000 USD
CY2019Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
6956000 USD
CY2018Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
7066000 USD
CY2019Q3 sfix Accrued Shipping And Freight Current
AccruedShippingAndFreightCurrent
7045000 USD
CY2018Q3 sfix Accrued Shipping And Freight Current
AccruedShippingAndFreightCurrent
4801000 USD
CY2019Q3 sfix Accrued Accounts Payable Current
AccruedAccountsPayableCurrent
7550000 USD
CY2018Q3 sfix Accrued Accounts Payable Current
AccruedAccountsPayableCurrent
4567000 USD
CY2019Q3 sfix Accrued Inventory Purchases Current
AccruedInventoryPurchasesCurrent
15703000 USD
CY2018Q3 sfix Accrued Inventory Purchases Current
AccruedInventoryPurchasesCurrent
506000 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10064000 USD
CY2018Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4961000 USD
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
69734000 USD
CY2018Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
43037000 USD
CY2013Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P10Y
CY2019Q3 us-gaap Security Deposit
SecurityDeposit
1200000 USD
CY2018Q4 sfix Sfix Loss Contingency Number Of Lawsuits
Sfix_LossContingencyNumberOfLawsuits
4 lawsuit
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
11100000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6700000 USD
CY2019Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
925000 sqft
CY2019Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P86M
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
23500000 USD
CY2019Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P86M
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
9.48
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
27018000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
27680000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
25451000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
23258000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
19696000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
56687000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
179790000 USD
CY2019 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
26900000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
18200000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
16600000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
1800000 USD
CY2019Q1 sfix Increase In Areaof Real Estate Property
IncreaseInAreaofRealEstateProperty
174000 sqft
CY2019Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
490000 sqft
CY2019Q1 sfix Lessee Operating Lease Extension Term
LesseeOperatingLeaseExtensionTerm
P18M
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
10000000.0 USD
CY2018Q4 sfix Lessee Operating Lease Option To Terminate Term
LesseeOperatingLeaseOptionToTerminateTerm
P2Y
CY2018Q4 sfix Lessee Operating Lease Option To Terminate Notice Required Term
LesseeOperatingLeaseOptionToTerminateNoticeRequiredTerm
P6M
CY2018Q4 sfix Sfix Loss Contingency Number Of Lawsuits
Sfix_LossContingencyNumberOfLawsuits
4 lawsuit
CY2018Q4 sfix Sfix Loss Contingency Number Of Lawsuits
Sfix_LossContingencyNumberOfLawsuits
4 lawsuit
CY2018Q4 sfix Sfix Loss Contingency Number Of Lawsuits
Sfix_LossContingencyNumberOfLawsuits
4 lawsuit
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-72000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-187000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-187000 USD
CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
133000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.05
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2263236 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
14.40
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y9M7D
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
35009000 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
6450028 shares
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y7M9D
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
69652000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.60
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.40
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.11
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
13100000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
8500000 USD
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2600000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
49100000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
59600000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
17400000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8900000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4700000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1300000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
147900000 USD
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y
CY2018 sfix Sharebased Compensation Arrangement By Sharebased Payment Award Shares Subject To Repurchase
SharebasedCompensationArrangementBySharebasedPaymentAwardSharesSubjectToRepurchase
160417 shares
CY2017 sfix Sharebased Compensation Arrangement By Sharebased Payment Award Shares Subject To Repurchase
SharebasedCompensationArrangementBySharebasedPaymentAwardSharesSubjectToRepurchase
702144 shares
CY2018 sfix Sharebased Compensation Arrangement By Sharebased Payment Award Shares Subject To Repurchase Aggregate Price
SharebasedCompensationArrangementBySharebasedPaymentAwardSharesSubjectToRepurchaseAggregatePrice
200000 USD
CY2017 sfix Sharebased Compensation Arrangement By Sharebased Payment Award Shares Subject To Repurchase Aggregate Price
SharebasedCompensationArrangementBySharebasedPaymentAwardSharesSubjectToRepurchaseAggregatePrice
1200000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
493000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1329000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2431000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2667000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
31657000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
56978000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
12801000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-836000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2265000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
0 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
30821000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
54713000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12801000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-221000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2732000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
17027000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3096000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-67000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
2143000 USD
CY2018 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
3225000 USD
CY2017 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
20123000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5464000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
7917000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-6009000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-5454000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.099
CY2018Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
8274000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
229000 USD
CY2017Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
4858000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-8203000 USD
CY2018 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
6588000 USD
CY2017 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-6728000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6060000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9813000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13395000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6473000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
14752000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.270
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4481000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1068000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.035
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-755000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.014
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1270000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.099
CY2019 sfix Effective Income Tax Rate Reconciliation Remeasurement Of Preferred Stock Warrant Liability Amount
EffectiveIncomeTaxRateReconciliationRemeasurementOfPreferredStockWarrantLiabilityAmount
0 USD
CY2019 sfix Effective Income Tax Rate Reconciliation Remeasurement Of Preferred Stock Warrant Liability Percent
EffectiveIncomeTaxRateReconciliationRemeasurementOfPreferredStockWarrantLiabilityPercent
0.000
CY2018 sfix Effective Income Tax Rate Reconciliation Remeasurement Of Preferred Stock Warrant Liability Amount
EffectiveIncomeTaxRateReconciliationRemeasurementOfPreferredStockWarrantLiabilityAmount
-2881000 USD
CY2018 sfix Effective Income Tax Rate Reconciliation Remeasurement Of Preferred Stock Warrant Liability Percent
EffectiveIncomeTaxRateReconciliationRemeasurementOfPreferredStockWarrantLiabilityPercent
-0.053
CY2017 sfix Effective Income Tax Rate Reconciliation Remeasurement Of Preferred Stock Warrant Liability Amount
EffectiveIncomeTaxRateReconciliationRemeasurementOfPreferredStockWarrantLiabilityAmount
6608000 USD
CY2017 sfix Effective Income Tax Rate Reconciliation Remeasurement Of Preferred Stock Warrant Liability Percent
EffectiveIncomeTaxRateReconciliationRemeasurementOfPreferredStockWarrantLiabilityPercent
0.516
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-7114000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.231
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.018
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
6670000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.122
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5984000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.194
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2146000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0.012
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
1188000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0.093
CY2019Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
6623000 USD
CY2017Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
6215000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
659000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.021
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
20000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.000
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-404000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.032
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6060000 USD
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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0 USD
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0 USD
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183000 USD
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241000 USD
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3495000 USD
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2358000 USD
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242000 USD
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1052000 USD
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7700000 USD
CY2017Q4 sfix Common Stock Number Of Classes Authorized
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2 class
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1
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5431304 shares
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66252727 shares

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