2019 Q1 Form 10-K Financial Statement

#000161670720000025 Filed on February 28, 2020

View on sec.gov

Income Statement

Concept 2019 Q1 2019 2018 Q4
Revenue $1.945B $9.127B $2.014B
YoY Change 38.49% 34.63% 39.96%
Cost Of Revenue $1.474B $6.980B $1.607B
YoY Change 36.46% 34.43% 38.6%
Gross Profit $470.5M $2.147B $407.4M
YoY Change 45.28% 35.31% 45.6%
Gross Profit Margin 24.19% 23.52% 20.23%
Selling, General & Admin $587.6M $2.528B $502.6M
YoY Change 69.34% 50.66% 4.04%
% of Gross Profit 124.9% 117.75% 123.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.58M $192.0M $36.10M
YoY Change 52.47% 55.41% 47.95%
% of Gross Profit 8.41% 8.94% 8.86%
Operating Expenses $664.1M $3.077B $538.7M
YoY Change 55.56% 49.37% 54.98%
Operating Profit -$193.6M -$930.0M -$131.3M
YoY Change 87.87% 96.5% 93.66%
Interest Expense -$9.238M -$55.00M -$10.30M
YoY Change 70.85% 92.58% 83.93%
% of Operating Profit
Other Income/Expense, Net $3.078M $3.000M -$2.900M
YoY Change 227.1% -1570.59% -825.0%
Pretax Income -$199.8M -$982.0M -$142.8M
YoY Change 85.79% 199.98% 95.62%
Income Tax $600.0K $3.000M $900.0K
% Of Pretax Income
Net Earnings -$200.4M -$985.0M -$143.8M
YoY Change 85.93% 95.41% 97.53%
Net Earnings / Revenue -10.3% -10.79% -7.14%
Basic Earnings Per Share -$10.68
Diluted Earnings Per Share -$2.200M -$10.68 -$1.589M
COMMON SHARES
Basic Shares Outstanding 92.00M shares
Diluted Shares Outstanding 92.00M shares

Balance Sheet

Concept 2019 Q1 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $805.7M $987.0M $963.7M
YoY Change 38.41% 2.42% 55.44%
Cash & Equivalents $722.4M $582.8M $849.5M
Short-Term Investments $83.30M $404.3M $114.3M
Other Short-Term Assets $207.9M $180.4M $195.4M
YoY Change 40.19% 23.56% 49.39%
Inventory $43.64M $61.70M $46.16M
Prepaid Expenses $31.00M
Receivables $60.60M $99.70M $50.60M
Other Receivables $0.00 $48.30M $0.00
Total Short-Term Assets $1.118B $1.377B $1.256B
YoY Change 40.28% 9.65% 53.76%
LONG-TERM ASSETS
Property, Plant & Equipment $379.3M $1.388B $607.0M
YoY Change -6.19% 128.65% 68.07%
Goodwill $400.0K $2.100M
YoY Change -80.95% 10.53%
Intangibles
YoY Change
Long-Term Investments $0.00 $155.7M $6.500M
YoY Change -100.0% 2295.38% -69.91%
Other Assets $12.01M $13.50M $18.83M
YoY Change 8.44% -28.19% 74.7%
Total Long-Term Assets $996.0M $1.576B $634.9M
YoY Change 131.87% 148.17% 60.1%
TOTAL ASSETS
Total Short-Term Assets $1.118B $1.377B $1.256B
Total Long-Term Assets $996.0M $1.576B $634.9M
Total Assets $2.114B $2.953B $1.891B
YoY Change 72.36% 56.17% 55.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $706.0M $908.1M $650.2M
YoY Change 45.37% 39.66% 47.64%
Accrued Expenses $207.2M $452.2M $213.0M
YoY Change 80.94% 71.94% 77.13%
Deferred Revenue $148.1M
YoY Change 57.31%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.230B $1.612B $1.139B
YoY Change 53.79% 41.46% 54.0%
LONG-TERM LIABILITIES
Long-Term Debt $750.2M $1.456B $922.0M
YoY Change 78.7% 57.94% 121.9%
Other Long-Term Liabilities $4.392M $829.5M $160.4M
YoY Change -96.73% 417.14% 50.61%
Total Long-Term Liabilities $4.392M $2.286B $160.4M
YoY Change -96.73% 111.17% 50.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.230B $1.612B $1.139B
Total Long-Term Liabilities $4.392M $2.286B $160.4M
Total Liabilities $2.593B $3.897B $2.222B
YoY Change 91.56% 75.43% 76.07%
SHAREHOLDERS EQUITY
Retained Earnings -$1.081B -$1.083B
YoY Change 57.47% 85.63%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$479.1M -$944.2M -$331.0M
YoY Change
Total Liabilities & Shareholders Equity $2.114B $2.953B $1.891B
YoY Change 72.36% 56.17% 55.83%

Cashflow Statement

Concept 2019 Q1 2019 2018 Q4
OPERATING ACTIVITIES
Net Income -$200.4M -$985.0M -$143.8M
YoY Change 85.93% 95.41% 97.53%
Depreciation, Depletion And Amortization $39.58M $192.0M $36.10M
YoY Change 52.47% 55.41% 47.95%
Cash From Operating Activities -$81.35M -$197.0M $42.60M
YoY Change 522.07% -332.14% 15.76%
INVESTING ACTIVITIES
Capital Expenditures $60.63M $272.0M -$65.70M
YoY Change 183.79% 70.85% 85.07%
Acquisitions
YoY Change
Other Investing Activities -$2.838M $15.00M -$83.90M
YoY Change -1162.92% 3668.84% -2430.56%
Cash From Investing Activities -$44.70M -$855.0M -$149.6M
YoY Change 91.05% 228.48% 370.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$889.0K $787.0M 468.5M
YoY Change 145.58% 68.36% -234350.0%
NET CHANGE
Cash From Operating Activities -$81.35M -$197.0M 42.60M
Cash From Investing Activities -$44.70M -$855.0M -149.6M
Cash From Financing Activities -$889.0K $787.0M 468.5M
Net Change In Cash -$127.1M -$267.0M 361.5M
YoY Change 244.13% -191.91% 7431.25%
FREE CASH FLOW
Cash From Operating Activities -$81.35M -$197.0M $42.60M
Capital Expenditures $60.63M $272.0M -$65.70M
Free Cash Flow -$142.0M -$469.0M $108.3M
YoY Change 312.24% 530.85% 49.79%

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StockIssuedDuringPeriodValueStockOptionsExercised
113000 USD
CY2019 w Stock Issued During Period Value Vesting Of Restricted Stock Units
StockIssuedDuringPeriodValueVestingOfRestrictedStockUnits
3000 USD
CY2019 w Stock Withheld Value Related To Net Settlement Of Restricted Stock Units
StockWithheldValueRelatedToNetSettlementOfRestrictedStockUnits
2236000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
240448000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
130566000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-944208000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-984584000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-504080000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-244614000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
192419000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
123542000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
87020000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
227451000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
127564000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
67840000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
62111000 USD
CY2018 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
22585000 USD
CY2017 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5830000 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1691000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
56000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1198000 USD
CY2017 w Increase Decrease In Deferred Revenue And Other Liabilities
IncreaseDecreaseInDeferredRevenueAndOtherLiabilities
81354000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1329000 USD
CY2018 w Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
93438000 USD
CY2017 w Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
44160000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49187000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12792000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18172000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15631000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18319000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9454000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
32590000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
65195000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
39124000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
330325000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
285064000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
104184000 USD
CY2019 w Increase Decrease In Deferred Revenue And Other Liabilities
IncreaseDecreaseInDeferredRevenueAndOtherLiabilities
75888000 USD
CY2018 w Increase Decrease In Deferred Revenue And Other Liabilities
IncreaseDecreaseInDeferredRevenueAndOtherLiabilities
134705000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8157000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2428000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-196818000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
84861000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
33634000 USD
CY2019 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
553858000 USD
CY2018 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
99002000 USD
CY2017 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
54551000 USD
CY2019 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
115468000 USD
CY2018 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
61068000 USD
CY2017 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
71095000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
271742000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
159205000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
100451000 USD
CY2019 w Payments To Site And Software Development Costs
PaymentsToSiteAndSoftwareDevelopmentCosts
129138000 USD
CY2018 w Payments To Site And Software Development Costs
PaymentsToSiteAndSoftwareDevelopmentCosts
62750000 USD
CY2017 w Payments To Site And Software Development Costs
PaymentsToSiteAndSoftwareDevelopmentCosts
46428000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
15567000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
398000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-854837000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-260287000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-130335000 USD
CY2019 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
935146000 USD
CY2018 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
562047000 USD
CY2017 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
420449000 USD
CY2019 w Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
145728000 USD
CY2019 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-266708000 USD
CY2019 w Payments For Taxes On Net Share Settlement Of Equity Awards
PaymentsForTaxesOnNetShareSettlementOfEquityAwards
2236000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
290501000 USD
CY2018 w Payments For Taxes On Net Share Settlement Of Equity Awards
PaymentsForTaxesOnNetShareSettlementOfEquityAwards
1284000 USD
CY2017 w Payments For Taxes On Net Share Settlement Of Equity Awards
PaymentsForTaxesOnNetShareSettlementOfEquityAwards
1562000 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
791000 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
113000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
138000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
244000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
786504000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
467463000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
374971000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1557000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1536000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
850000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
279120000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
849461000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
558960000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
279840000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
582753000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
849461000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
558960000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
7763000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
1554000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
0 USD
CY2019 w Interest Paid Finance Lease Excluding Capitalized Interest Operating Activities
InterestPaidFinanceLeaseExcludingCapitalizedInterestOperatingActivities
0 USD
CY2018 w Interest Paid Finance Lease Excluding Capitalized Interest Operating Activities
InterestPaidFinanceLeaseExcludingCapitalizedInterestOperatingActivities
9058000 USD
CY2017 w Interest Paid Finance Lease Excluding Capitalized Interest Operating Activities
InterestPaidFinanceLeaseExcludingCapitalizedInterestOperatingActivities
0 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
41181000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
15383000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8533000 USD
CY2019 w Construction Costs Capitalized Under Finance Lease Obligation
ConstructionCostsCapitalizedUnderFinanceLeaseObligation
0 USD
CY2018 w Construction Costs Capitalized Under Finance Lease Obligation
ConstructionCostsCapitalizedUnderFinanceLeaseObligation
125796000 USD
CY2017 w Construction Costs Capitalized Under Finance Lease Obligation
ConstructionCostsCapitalizedUnderFinanceLeaseObligation
47276000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
524082000 USD
CY2019 w Minimum Number Of Products
MinimumNumberOfProducts
18000000000000 product
CY2019 w Minimum Number Of Suppliers
MinimumNumberOfSuppliers
12000 supplier
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the </span><span style="font-family:inherit;font-size:10pt;">Consolidated Financial Statements</span><span style="font-family:inherit;font-size:10pt;">, and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates.</span></div>
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Concentrations of Credit Risk</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial instruments that subject the Company to credit risk consist of cash and cash equivalents, short- and long-term investments, and accounts receivable. The risk with respect to cash and cash equivalents is minimized by the Company's policy to maintain these balances with major financial institutions of high-credit quality. At times, cash balances may exceed federally insured limits; however, to date, the Company has not incurred any losses on these investments. As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, the Company had </span><span style="font-family:inherit;font-size:10pt;"><span>$48.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$129.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, in banks located outside the U.S.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The risk with respect to short- and long-term investments is minimized by the Company's policy of investing in financial instruments issued by highly-rated financial institutions. The risk with respect to accounts receivable is managed by the Company through its policy of monitoring the creditworthiness of its customers to which it grants credit terms in the normal course of business.</span></div>
CY2019Q4 w Cash Cash Equivalents And Short Term Investments Held In Accounts Of Foreign Financial Institutions
CashCashEquivalentsAndShortTermInvestmentsHeldInAccountsOfForeignFinancialInstitutions
48200000 USD
CY2018Q4 w Cash Cash Equivalents And Short Term Investments Held In Accounts Of Foreign Financial Institutions
CashCashEquivalentsAndShortTermInvestmentsHeldInAccountsOfForeignFinancialInstitutions
129500000 USD
CY2019Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
104900000 USD
CY2018Q4 us-gaap Other Inventory In Transit
OtherInventoryInTransit
83700000 USD
CY2019 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Property and Equipment</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Property and equipment are stated at cost, net of </span><span style="font-family:inherit;font-size:10pt;">depreciation and amortization</span><span style="font-family:inherit;font-size:10pt;">. Expenditures for maintenance and repairs are charged to expense as incurred, whereas betterments are capitalized as additions to property and equipment. </span><span style="font-size:10pt;">Depreciation and amortization</span><span style="font-family:inherit;font-size:10pt;"> on property and equipment is calculated on the straight-line method over the estimated useful lives of the assets as follows:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:95.40229885057471%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"/></tr><tr><td style="width:49%;"/><td style="width:1%;"/><td style="width:50%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Class</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">Range of Life</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;font-weight:bold;">(In Years)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Furniture and computer equipment</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">3 to 7</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Site and software development costs</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2</span></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Leasehold improvements</span></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The lesser of useful life or lease term</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Buildings (leased - Note 6)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30</span></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
81600000 USD
CY2018 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
51300000 USD
CY2017 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
34500000 USD
CY2019 w Impairment Of Long Lived Assets Held For Use And Intangible Assets Excluding Goodwill
ImpairmentOfLongLivedAssetsHeldForUseAndIntangibleAssetsExcludingGoodwill
0 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
606977000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
379268000 USD
CY2018Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
183056000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
18826000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12012000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
160388000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4392000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
127995000 USD
CY2019Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
118371000 USD
CY2019Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
636385000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1082689000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1080839000 USD
CY2019Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
38000000.0 USD
CY2018Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
35700000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
112000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
1100000000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
774200000 USD
CY2017 us-gaap Advertising Expense
AdvertisingExpense
550000000.0 USD
CY2019Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
3800000 USD
CY2018Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
700000 USD
CY2019 w Merchant Processing Fees
MerchantProcessingFees
179700000 USD
CY2018 w Merchant Processing Fees
MerchantProcessingFees
133400000 USD
CY2017 w Merchant Processing Fees
MerchantProcessingFees
88700000 USD
CY2019Q4 w Class Of Common Stock Number
ClassOfCommonStockNumber
2 common_stock_class
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
559900000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
120800000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
559910000 USD
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
80000 USD
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
559942000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
121005000 USD
CY2018Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
201000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
120804000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
582753000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1147771000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
849461000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
975265000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18400000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
500000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
900000 USD
CY2017 us-gaap Amortization Of Intangible Assets
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60089000 USD
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160388000 USD
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46700000 USD
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26800000 USD
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15653000 USD
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3.42
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1080000 USD
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5283000 USD
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0 USD
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495000 USD
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