2019 Q4 Form 10-K Financial Statement

#000161670721000064 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 2017 Q4
Revenue $2.534B $6.779B $1.439B
YoY Change 25.79% 43.6% 46.15%
Cost Of Revenue $2.057B $5.192B $1.159B
YoY Change 28.01% 44.15% 48.12%
Gross Profit $476.9M $1.587B $279.8M
YoY Change 17.06% 41.82% 38.51%
Gross Profit Margin 18.82% 23.41% 19.44%
Selling, General & Admin $782.3M $1.678B $483.1M
YoY Change 55.65% 54.09% 96.62%
% of Gross Profit 164.04% 105.75% 172.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.20M $123.5M $24.40M
YoY Change 61.22% 41.97% 42.69%
% of Gross Profit 12.2% 7.79% 8.72%
Operating Expenses $782.3M $2.060B $347.6M
YoY Change 45.22% 52.11% 41.47%
Operating Profit -$305.4M -$473.3M -$67.80M
YoY Change 132.6% 101.01% 55.15%
Interest Expense -$20.60M -$28.56M -$5.600M
YoY Change 100.0% 202.77% 5500.0%
% of Operating Profit
Other Income/Expense, Net -$2.700M -$204.0K $400.0K
YoY Change -6.9% -126.91%
Pretax Income -$328.7M -$327.4M -$73.00M
YoY Change 130.18% 127.65% 66.29%
Income Tax $3.800M $2.037M -$72.10M
% Of Pretax Income
Net Earnings -$330.2M -$504.1M -$72.80M
YoY Change 129.62% 106.07% 65.45%
Net Earnings / Revenue -13.03% -7.44% -5.06%
Basic Earnings Per Share -$5.63
Diluted Earnings Per Share -$3.539M -$5.63 -$828.2K
COMMON SHARES
Basic Shares Outstanding 89.47M shares
Diluted Shares Outstanding 89.47M shares

Balance Sheet

Concept 2019 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $987.0M $963.7M $620.0M
YoY Change 2.42% 55.44% 77.85%
Cash & Equivalents $583.0M $849.5M $559.0M
Short-Term Investments $404.3M $114.3M $61.00M
Other Short-Term Assets $29.27M $146.0M $130.8M
YoY Change -85.02% 11.62% 44.05%
Inventory $61.69M $46.20M $28.04M
Prepaid Expenses $46.18M
Receivables $99.70M $50.60M $37.95M
Other Receivables $0.00 $49.50M $0.00
Total Short-Term Assets $1.377B $1.256B $816.8M
YoY Change 9.65% 53.76% 71.21%
LONG-TERM ASSETS
Property, Plant & Equipment $624.5M $607.0M $361.1M
YoY Change 2.89% 68.1% 50.88%
Goodwill $400.0K $1.900M
YoY Change -80.95% 0.0%
Intangibles
YoY Change
Long-Term Investments $155.7M $6.500M $21.60M
YoY Change 2295.38% -69.91% -30.32%
Other Assets $32.28M $18.80M $10.78M
YoY Change 71.44% 74.07% 7.32%
Total Long-Term Assets $1.576B $635.0M $396.6M
YoY Change 148.21% 60.11% 39.35%
TOTAL ASSETS
Total Short-Term Assets $1.377B $1.256B $816.8M
Total Long-Term Assets $1.576B $635.0M $396.6M
Total Assets $2.953B $1.891B $1.213B
YoY Change 56.18% 55.83% 59.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $908.1M $650.2M $440.4M
YoY Change 39.67% 47.64% 16.04%
Accrued Expenses $298.9M $263.0M $120.2M
YoY Change 40.34% 118.8% 77.34%
Deferred Revenue $167.6M $94.12M
YoY Change 13.23%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.612B $1.139B $739.8M
YoY Change 41.46% 53.99% 32.76%
LONG-TERM LIABILITIES
Long-Term Debt $1.456B $922.0M $415.5M
YoY Change 57.94% 121.9% 1337.72%
Other Long-Term Liabilities $6.940M $160.4M $106.5M
YoY Change -95.67% 50.61% 10.72%
Total Long-Term Liabilities $6.940M $1.082B $106.5M
YoY Change -95.67% 107.36% 10.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.612B $1.139B $739.8M
Total Long-Term Liabilities $6.940M $1.082B $106.5M
Total Liabilities $3.897B $2.222B $1.262B
YoY Change 75.43% 76.08% 84.92%
SHAREHOLDERS EQUITY
Retained Earnings -$2.065B -$583.3M
YoY Change 90.77% 76.78%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$944.0M -$330.7M -$48.33M
YoY Change
Total Liabilities & Shareholders Equity $2.953B $1.891B $1.213B
YoY Change 56.18% 55.83% 59.31%

Cashflow Statement

Concept 2019 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$330.2M -$504.1M -$72.80M
YoY Change 129.62% 106.07% 65.45%
Depreciation, Depletion And Amortization $58.20M $123.5M $24.40M
YoY Change 61.22% 41.97% 42.69%
Cash From Operating Activities -$36.30M $84.86M $36.80M
YoY Change -185.21% 152.31% -49.93%
INVESTING ACTIVITIES
Capital Expenditures -$122.2M $159.2M -$35.50M
YoY Change 86.0% 58.49% 43.15%
Acquisitions
YoY Change
Other Investing Activities -$553.5M $398.0K $3.600M
YoY Change 559.71% -86.21%
Cash From Investing Activities -$675.6M -$260.3M -$31.80M
YoY Change 351.6% 99.71% -2546.15%
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 -700.0K $467.5M -200.0K
YoY Change -100.15% 24.67% -92.31%
NET CHANGE
Cash From Operating Activities -36.30M $84.86M 36.80M
Cash From Investing Activities -675.6M -$260.3M -31.80M
Cash From Financing Activities -700.0K $467.5M -200.0K
Net Change In Cash -712.6M $290.5M 4.800M
YoY Change -297.12% 4.4% -93.35%
FREE CASH FLOW
Cash From Operating Activities -$36.30M $84.86M $36.80M
Capital Expenditures -$122.2M $159.2M -$35.50M
Free Cash Flow $85.90M -$74.34M $72.30M
YoY Change -20.68% 11.27% -26.45%

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CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
439000 USD
CY2020 w Stock Issued During Period Value Vesting Of Restricted Stock Units
StockIssuedDuringPeriodValueVestingOfRestrictedStockUnits
3000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
293488000 USD
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
380237000 USD
CY2020 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
426166000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt Subsequent Adjustments
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments
842337000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
78418000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1191897000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
184996000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-984584000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-504080000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
285711000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
192419000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
123542000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
276208000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
227451000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
127564000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
134288000 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
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-12638000 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1691000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
56000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14726000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49187000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12792000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-9947000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15631000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18319000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
61259000 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
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
532000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1329000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8157000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
531526000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
393013000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
385647000 USD
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
57934000 USD
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
13200000 USD
CY2018 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
34122000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1416731000 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
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
481670000 USD
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
553858000 USD
CY2018 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
99002000 USD
CY2020 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
580153000 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
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
186040000 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
CY2020 w Payments To Site And Software Development Costs
PaymentsToSiteAndSoftwareDevelopmentCosts
148394000 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
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
124000 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
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-236075000 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
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
200000000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
200000000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2020 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
2027758000 USD
CY2019 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
935146000 USD
CY2018 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
562047000 USD
CY2020 w Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
255024000 USD
CY2019 w Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
145728000 USD
CY2018 w Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
93438000 USD
CY2018 w Interest Paid Finance Lease Excluding Capitalized Interest Operating Activities
InterestPaidFinanceLeaseExcludingCapitalizedInterestOperatingActivities
9058000 USD
CY2020 w Construction Costs Capitalized Under Finance Lease Obligation
ConstructionCostsCapitalizedUnderFinanceLeaseObligation
0 USD
CY2020 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
1040349000 USD
CY2019 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2018 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
380237000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
440000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2914000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1146000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
352588000 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
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13443000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1557000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1536000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1546687000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-266708000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
290501000 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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2129440000 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
CY2020 us-gaap Interest Paid Net
InterestPaidNet
17407000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
7763000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
1554000 USD
CY2020 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
306889000 USD
CY2019 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
CY2018 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
CY2020 w Interest Paid Finance Lease Excluding Capitalized Interest Operating Activities
InterestPaidFinanceLeaseExcludingCapitalizedInterestOperatingActivities
0 USD
CY2019 w Interest Paid Finance Lease Excluding Capitalized Interest Operating Activities
InterestPaidFinanceLeaseExcludingCapitalizedInterestOperatingActivities
0 USD
CY2020 w Minimum Number Of Suppliers
MinimumNumberOfSuppliers
16000 supplier
CY2019 w Construction Costs Capitalized Under Finance Lease Obligation
ConstructionCostsCapitalizedUnderFinanceLeaseObligation
0 USD
CY2018 w Construction Costs Capitalized Under Finance Lease Obligation
ConstructionCostsCapitalizedUnderFinanceLeaseObligation
125796000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
29915000 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
CY2020 w Minimum Number Of Products
MinimumNumberOfProducts
22000000 product
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">We prepared the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"). Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification ("ASC") and Accounting Standards Update ("ASU") of the Financial Accounting Standards Board ("FASB"). 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, as well as the disclosure of contingent assets and liabilities, at the date of and during the reported period of the consolidated financial statements. Actual results could differ from those estimates. Certain prior period amounts have been reclassified to conform to the current period presentation.</span></div>
CY2020 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 USD
CY2019 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 USD
CY2018 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2019Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that subject Wayfair to credit risk consist of cash and cash equivalents, short- and long-term investments and accounts receivable. The risk for cash and cash equivalents is minimized by Wayfair'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, Wayfair has not incurred any losses on these investments. As of December 31, 2020 and 2019, Wayfair had $281.0 million and $48.2 million in banks located outside of the U.S. The risk for short- and long-term investments is minimized by Wayfair's policy of investing in financial instruments issued by highly-rated financial institutions.</span></div>
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0 USD
CY2020Q4 w Cash Cash Equivalents And Short Term Investments Held In Accounts Of Foreign Financial Institutions
CashCashEquivalentsAndShortTermInvestmentsHeldInAccountsOfForeignFinancialInstitutions
281000000.0 USD
CY2019Q4 w Cash Cash Equivalents And Short Term Investments Held In Accounts Of Foreign Financial Institutions
CashCashEquivalentsAndShortTermInvestmentsHeldInAccountsOfForeignFinancialInstitutions
48200000 USD
CY2020 w Contract With Customer Revenue Recognized Percent Collected
ContractWithCustomerRevenueRecognizedPercentCollected
0.99
CY2020 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Property and Equipment</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property and equipment are stated at cost, net of depreciation. Expenditures for maintenance and repairs are charged to expense as incurred, whereas betterments are capitalized as additions to property and equipment. Depreciation on property and equipment is calculated on the straight-line method over the estimated useful lives of the assets as follows:</span></div><div style="margin-bottom:6pt;margin-top:8pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:95.258%"><tr><td style="width:1.0%"/><td style="width:48.522%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.554%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:48.524%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Class</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Range of Life<br/>(In Years)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Furniture and computer equipment</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3 to 7</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Site and software development costs</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Leasehold improvements</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The lesser of useful life or lease term</span></td></tr></table></div>
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
17263000 USD
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
18809000 USD
CY2020 w Merchant Processing Fees
MerchantProcessingFees
267700000 USD
CY2019 w Merchant Processing Fees
MerchantProcessingFees
179700000 USD
CY2018 w Merchant Processing Fees
MerchantProcessingFees
133400000 USD
CY2020Q4 w Class Of Common Stock Number
ClassOfCommonStockNumber
2 class
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
110300000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
21400000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
99700000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
22800000 USD
CY2020Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
156240000 USD
CY2019Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
104947000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
50205000 USD
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
46177000 USD
CY2020Q4 w Supplier Receivables And Credits Receivable
SupplierReceivablesAndCreditsReceivable
62165000 USD
CY2019Q4 w Supplier Receivables And Credits Receivable
SupplierReceivablesAndCreditsReceivable
48328000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
23603000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
29269000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
292213000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
228721000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
141922000 USD
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
14183000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
13467000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
31446000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
32276000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
900000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
400000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
400000 USD
CY2018 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2019 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
155574000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
97286000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
91104000 USD
CY2020Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
90251000 USD
CY2019Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
71597000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
104502000 USD
CY2019Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
62173000 USD
CY2020Q4 w Sales Return Reserve
SalesReturnReserve
72835000 USD
CY2019Q4 w Sales Return Reserve
SalesReturnReserve
38042000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
195997000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
130943000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1008970000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
703422000 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
800000 USD
CY2019 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2018 us-gaap Debt Securities Available For Sale Realized Gain Loss
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205319000 USD
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0 shares
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CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99337000 shares
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-10.68
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92200000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89472000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.93
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.93
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-10.68
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-10.68
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.63
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.63
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.86
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.86
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-10.68
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.63
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.63
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20307000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
23631000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17155000 shares
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14145156000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9127057000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6779174000 USD
CY2020 w Adjusted Earningsbefore Interest Taxes Depreciationand Amortization
AdjustedEarningsbeforeInterestTaxesDepreciationandAmortization
946888000 USD
CY2019 w Adjusted Earningsbefore Interest Taxes Depreciationand Amortization
AdjustedEarningsbeforeInterestTaxesDepreciationandAmortization
-496544000 USD
CY2018 w Adjusted Earningsbefore Interest Taxes Depreciationand Amortization
AdjustedEarningsbeforeInterestTaxesDepreciationandAmortization
-214986000 USD
CY2020 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
761892000 USD
CY2019 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
488040000 USD
CY2018 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
289094000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
184996000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-984584000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-504080000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
285711000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
192419000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
123542000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
296872000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
240978000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
136415000 USD
CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-146397000 USD
CY2019 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-54514000 USD
CY2018 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-28560000 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8633000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2881000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-204000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20323000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3010000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2037000 USD
CY2020 w Other Reconciling Items
OtherReconcilingItems
3956000 USD
CY2019 w Other Reconciling Items
OtherReconcilingItems
0 USD
CY2018 w Other Reconciling Items
OtherReconcilingItems
-1664000 USD
CY2020 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
761892000 USD
CY2019 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
488040000 USD
CY2018 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
289094000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1492681000 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1387944000 USD
CY2020Q4 us-gaap Assets
Assets
4569929000 USD
CY2019Q4 us-gaap Assets
Assets
2953048000 USD

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