2021 Q1 Form 10-Q Financial Statement

#000161670721000115 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $3.478B $2.330B
YoY Change 49.27% 19.81%
Cost Of Revenue $2.475B $1.751B
YoY Change 41.35% 18.76%
Gross Profit $1.003B $579.1M
YoY Change 73.19% 23.1%
Gross Profit Margin 28.84% 24.85%
Selling, General & Admin $817.2M $747.7M
YoY Change 9.3% 27.25%
% of Gross Profit 81.48% 129.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $81.00M $66.84M
YoY Change 21.18% 68.87%
% of Gross Profit 8.08% 11.54%
Operating Expenses $977.0M $841.2M
YoY Change 16.14% 26.67%
Operating Profit $26.00M -$262.1M
YoY Change -109.92% 35.34%
Interest Expense -$7.000M -$22.22M
YoY Change -68.49% 140.51%
% of Operating Profit -26.92%
Other Income/Expense, Net -$3.000M -$246.0K
YoY Change 1119.51% -107.99%
Pretax Income $16.00M -$284.5M
YoY Change -105.62% 42.41%
Income Tax -$2.000M $1.333M
% Of Pretax Income -12.5%
Net Earnings $18.00M -$285.9M
YoY Change -106.3% 42.66%
Net Earnings / Revenue 0.52% -12.27%
Basic Earnings Per Share $0.18 -$3.04
Diluted Earnings Per Share $0.16 -$3.04
COMMON SHARES
Basic Shares Outstanding 103.0M shares 94.09M shares
Diluted Shares Outstanding 107.0M shares 94.09M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.695B $891.0M
YoY Change 202.47% 10.59%
Cash & Equivalents $2.086B $624.5M
Short-Term Investments $608.5M $266.5M
Other Short-Term Assets $355.2M $220.4M
YoY Change 61.16% 6.01%
Inventory $59.61M $56.57M
Prepaid Expenses
Receivables $107.0M $110.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.217B $1.278B
YoY Change 151.67% 14.35%
LONG-TERM ASSETS
Property, Plant & Equipment $665.2M $661.2M
YoY Change 0.6% 74.34%
Goodwill $400.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $34.58M $13.47M
YoY Change 156.79% 12.12%
Total Long-Term Assets $1.558B $1.473B
YoY Change 5.76% 47.91%
TOTAL ASSETS
Total Short-Term Assets $3.217B $1.278B
Total Long-Term Assets $1.558B $1.473B
Total Assets $4.775B $2.751B
YoY Change 73.54% 30.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.174B $838.3M
YoY Change 40.07% 18.74%
Accrued Expenses $255.3M
YoY Change 23.23%
Deferred Revenue $164.1M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.220B $1.494B
YoY Change 48.6% 21.48%
LONG-TERM LIABILITIES
Long-Term Debt $3.060B $1.577B
YoY Change 94.03% 110.22%
Other Long-Term Liabilities $47.00M $12.92M
YoY Change 263.78% 194.17%
Total Long-Term Liabilities $47.00M $12.92M
YoY Change 263.78% 194.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.220B $1.494B
Total Long-Term Liabilities $47.00M $12.92M
Total Liabilities $6.245B $3.923B
YoY Change 59.19% 51.28%
SHAREHOLDERS EQUITY
Retained Earnings -$1.818B -$2.357B
YoY Change -22.86% 118.05%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.470B -$1.171B
YoY Change
Total Liabilities & Shareholders Equity $4.775B $2.751B
YoY Change 73.54% 30.16%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $18.00M -$285.9M
YoY Change -106.3% 42.66%
Depreciation, Depletion And Amortization $81.00M $66.84M
YoY Change 21.18% 68.87%
Cash From Operating Activities $177.0M -$256.3M
YoY Change -169.06% 215.05%
INVESTING ACTIVITIES
Capital Expenditures $24.00M $59.96M
YoY Change -59.98% -1.09%
Acquisitions
YoY Change
Other Investing Activities $0.00 $124.0K
YoY Change -100.0% -104.37%
Cash From Investing Activities -$212.0M $196.4M
YoY Change -207.97% -539.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 $100.1M
YoY Change -100.0% -11362.65%
NET CHANGE
Cash From Operating Activities $177.0M -$256.3M
Cash From Investing Activities -$212.0M $196.4M
Cash From Financing Activities $0.00 $100.1M
Net Change In Cash -$43.00M $41.73M
YoY Change -203.05% -132.83%
FREE CASH FLOW
Cash From Operating Activities $177.0M -$256.3M
Capital Expenditures $24.00M $59.96M
Free Cash Flow $153.0M -$316.3M
YoY Change -148.38% 122.75%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001616707
CY2021Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2021Q1 dei Amendment Flag
AmendmentFlag
false
CY2019 us-gaap Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
us-gaap:AccountingStandardsUpdate201613Member
CY2020 us-gaap Accounting Standards Update Extensible List
AccountingStandardsUpdateExtensibleList
w:AccountingStandardsUpdate202006Member
CY2021Q1 dei Document Type
DocumentType
10-Q
CY2021Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2021Q1 dei Document Period End Date
DocumentPeriodEndDate
2021-03-31
CY2021Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2021Q1 dei Entity File Number
EntityFileNumber
001-36666
CY2021Q1 dei Entity Registrant Name
EntityRegistrantName
Wayfair Inc.
CY2021Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2021Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
36-4791999
CY2021Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
4 Copley Place
CY2021Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Boston
CY2021Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
CY2021Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
02116
CY2021Q1 dei City Area Code
CityAreaCode
617
CY2021Q1 dei Local Phone Number
LocalPhoneNumber
532-6100
CY2021Q1 dei Security12b Title
Security12bTitle
Class A Common Stock, $0.001 par value per share
CY2021Q1 dei Trading Symbol
TradingSymbol
W
CY2021Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2021Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2021Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2021Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021Q1 dei Entity Shell Company
EntityShellCompany
false
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2086484000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2129440000 USD
CY2021Q1 us-gaap Short Term Investments
ShortTermInvestments
608524000 USD
CY2020Q4 us-gaap Short Term Investments
ShortTermInvestments
461698000 USD
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
107043000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
110299000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
59613000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
52152000 USD
CY2021Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
355211000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
292213000 USD
CY2021Q1 us-gaap Assets Current
AssetsCurrent
3216875000 USD
CY2020Q4 us-gaap Assets Current
AssetsCurrent
3045802000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
858297000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
808375000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
665177000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
684306000 USD
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34584000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
31446000 USD
CY2021Q1 us-gaap Assets
Assets
4774933000 USD
CY2020Q4 us-gaap Assets
Assets
4569929000 USD
CY2021Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1174208000 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1156624000 USD
CY2021Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1045814000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1008970000 USD
CY2021Q1 us-gaap Liabilities Current
LiabilitiesCurrent
2220022000 USD
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2165594000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
3060091000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2659243000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
920936000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
869958000 USD
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
43593000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
67031000 USD
CY2021Q1 us-gaap Liabilities
Liabilities
6244642000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
5761826000 USD
CY2021Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2021Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0 shares
CY2020Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0 shares
CY2021Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2021Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
331513000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
698482000 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1799437000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1885950000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1889000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4529000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-1469709000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1191897000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4774933000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4569929000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3477518000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2330063000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2474491000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1750940000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
1003027000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
579123000 USD
CY2021Q1 w Customer Service And Merchant Fees
CustomerServiceAndMerchantFees
147241000 USD
CY2020Q1 w Customer Service And Merchant Fees
CustomerServiceAndMerchantFees
89463000 USD
CY2021Q1 us-gaap Advertising Expense
AdvertisingExpense
365863000 USD
CY2020Q1 us-gaap Advertising Expense
AdvertisingExpense
275760000 USD
CY2021Q1 w Selling Technology Operations General And Administrative Expense
SellingTechnologyOperationsGeneralAndAdministrativeExpense
451369000 USD
CY2020Q1 w Selling Technology Operations General And Administrative Expense
SellingTechnologyOperationsGeneralAndAdministrativeExpense
475968000 USD
CY2021Q1 w Other Cost And Expense Operating Customer Service Center Impairment And Other Charges
OtherCostAndExpenseOperatingCustomerServiceCenterImpairmentAndOtherCharges
12212000 USD
CY2020Q1 w Other Cost And Expense Operating Customer Service Center Impairment And Other Charges
OtherCostAndExpenseOperatingCustomerServiceCenterImpairmentAndOtherCharges
0 USD
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
976685000 USD
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
841191000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
26342000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-262068000 USD
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-6812000 USD
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-22218000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3298000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-246000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16232000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-284532000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2002000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1333000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18234000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18234000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-285865000 USD
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.04
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.04
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102840000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94089000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106682000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94089000 shares
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18234000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18234000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-285865000 USD
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
2643000 USD
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1291000 USD
CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-3000 USD
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
778000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
20874000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-283796000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-944208000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-285865000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2069000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
125000 USD
CY2020Q1 w Stock Issued During Period Value Vesting Of Restricted Stock Units
StockIssuedDuringPeriodValueVestingOfRestrictedStockUnits
0 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
62001000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
-1171401000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1191897000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18234000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2640000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
45000 USD
CY2021Q1 w Stock Issued During Period Value Vesting Of Restricted Stock Units
StockIssuedDuringPeriodValueVestingOfRestrictedStockUnits
1000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
81228000 USD
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
188000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
250431000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-1469709000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18234000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-285865000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
80312000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
66843000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
74524000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
59449000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2072000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
19527000 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
12212000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-256290000 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1700000 USD
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
633000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2528000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16216000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7734000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5023000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
64270000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7802000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3430000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-24000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
58416000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-118475000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5432000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
6231000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
176596000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
340328000 USD
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
193403000 USD
CY2020Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
294810000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24448000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
59964000 USD
CY2021Q1 w Payments For Siteand Software Development Costs
PaymentsForSiteandSoftwareDevelopmentCosts
40958000 USD
CY2020Q1 w Payments For Siteand Software Development Costs
PaymentsForSiteandSoftwareDevelopmentCosts
38369000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
124000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-212331000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
196353000 USD
CY2021Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
188000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
110300000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
45000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
125000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-143000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
100125000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-7078000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1540000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-42956000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41728000 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
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2086484000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
624481000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
10775000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
5447000 USD
CY2021Q1 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
250428000 USD
CY2020Q1 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25986000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
45495000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
3310065000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2659243000 USD
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
46413000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
67031000 USD
CY2021Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
0 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
698482000 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1817671000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1885950000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
21400000 USD
CY2021Q1 w Revenue Collection In Advance Of Recognition Percentage
RevenueCollectionInAdvanceOfRecognitionPercentage
0.99
CY2021Q1 w Other Cost And Expense Operating Customer Service Center Impairment And Other Charges
OtherCostAndExpenseOperatingCustomerServiceCenterImpairmentAndOtherCharges
12200000 USD
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
107000000.0 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16700000 USD
CY2021Q1 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
6300000 USD
CY2021Q1 w Other Cost And Expense Operating Accelerated Depreciation Of Fixed Assets
OtherCostAndExpenseOperatingAcceleratedDepreciationOfFixedAssets
5000000.0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
800000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 USD
CY2020Q1 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
CY2021Q1 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2021Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
2086484000 USD
CY2021Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2700208000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
2129440000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2596338000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
3060091000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2659243000 USD
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
700000000 USD
CY2021Q1 w Stock Repurchase Program Average Price Per Share
StockRepurchaseProgramAveragePricePerShare
223.63
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18234000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18234000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-285865000 USD
CY2021Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1567000 USD
CY2020Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
16667000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-285865000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102840000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94089000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
699000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3842000 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106682000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94089000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.04
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.04
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15691000 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22665000 shares
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3477518000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2330063000 USD
CY2021Q1 w Adjusted Earningsbefore Interest Taxes Depreciationand Amortization
AdjustedEarningsbeforeInterestTaxesDepreciationandAmortization
205767000 USD
CY2020Q1 w Adjusted Earningsbefore Interest Taxes Depreciationand Amortization
AdjustedEarningsbeforeInterestTaxesDepreciationandAmortization
-127277000 USD
CY2021Q1 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
187533000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
86901000 USD
CY2020Q1 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
158588000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
18234000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-285865000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
80312000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
66843000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
63992000 USD
CY2021Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-6812000 USD
CY2020Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-22218000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3298000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-246000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2002000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1333000 USD
CY2021Q1 w Other Reconciling Items
OtherReconcilingItems
12212000 USD
CY2020Q1 w Other Reconciling Items
OtherReconcilingItems
3956000 USD
CY2021Q1 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
187533000 USD
CY2020Q1 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
158588000 USD
CY2021Q1 w Other Cost And Expense Operating Customer Service Center Impairment And Other Charges
OtherCostAndExpenseOperatingCustomerServiceCenterImpairmentAndOtherCharges
12200000 USD
CY2021Q1 w Stock Repurchase Program Average Price Per Share
StockRepurchaseProgramAveragePricePerShare
223.63

Files In Submission

Name View Source Status
0001616707-21-000115-index-headers.html Edgar Link pending
0001616707-21-000115-index.html Edgar Link pending
0001616707-21-000115.txt Edgar Link pending
0001616707-21-000115-xbrl.zip Edgar Link pending
a2021-03x31ex311.htm Edgar Link pending
a2021-03x31ex312.htm Edgar Link pending
a2021-03x31ex321.htm Edgar Link pending
a2021-03x31ex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
w-20210331.htm Edgar Link pending
w-20210331.xsd Edgar Link pending
w-20210331_cal.xml Edgar Link unprocessable
w-20210331_def.xml Edgar Link unprocessable
w-20210331_htm.xml Edgar Link completed
w-20210331_lab.xml Edgar Link unprocessable
w-20210331_pre.xml Edgar Link unprocessable