2021 Q4 Form 10-K Financial Statement

#000161670722000031 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q1 2021
Revenue $3.252B $3.478B $13.71B
YoY Change -11.42% 49.27% -3.09%
Cost Of Revenue $2.377B $2.475B $9.813B
YoY Change -13.36% 41.35% -2.19%
Gross Profit $875.2M $1.003B $3.895B
YoY Change -5.68% 73.19% -5.28%
Gross Profit Margin 26.91% 28.84% 28.41%
Selling, General & Admin $1.067B $817.2M $3.948B
YoY Change 28.99% 9.3% 21.93%
% of Gross Profit 121.93% 81.48% 101.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $81.85M $81.00M $322.0M
YoY Change 6.02% 21.18% 12.59%
% of Gross Profit 9.35% 8.08% 8.27%
Operating Expenses $1.067B $977.0M $3.989B
YoY Change 28.99% 16.14% 6.32%
Operating Profit -$192.0M $26.00M -$94.00M
YoY Change -290.82% -109.92% -126.11%
Interest Expense -$8.380M -$7.000M -$32.00M
YoY Change -85.77% -68.49% -78.08%
% of Operating Profit -26.92%
Other Income/Expense, Net -$2.343M -$3.000M -$4.000M
YoY Change -211.57% 1119.51% -55.56%
Pretax Income -$206.5M $16.00M -$130.0M
YoY Change -572.48% -105.62% -163.41%
Income Tax -$4.833M -$2.000M $1.000M
% Of Pretax Income -12.5%
Net Earnings -$201.6M $18.00M -$131.0M
YoY Change -947.23% -106.3% -170.81%
Net Earnings / Revenue -6.2% 0.52% -0.96%
Basic Earnings Per Share $0.18 -$1.26
Diluted Earnings Per Share -$1.916M $0.16 -$1.26
COMMON SHARES
Basic Shares Outstanding 103.0M shares 104.0M shares
Diluted Shares Outstanding 107.0M shares 104.0M shares

Balance Sheet

Concept 2021 Q4 2021 Q1 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.399B $2.695B $2.399B
YoY Change -7.41% 202.47% -7.41%
Cash & Equivalents $1.706B $2.086B $800.0M
Short-Term Investments $693.0M $608.5M $693.0M
Other Short-Term Assets $33.00M $355.2M $248.0M
YoY Change 37.5% 61.16% 7.83%
Inventory $69.00M $59.61M $69.00M
Prepaid Expenses $93.00M
Receivables $226.0M $107.0M $226.0M
Other Receivables $0.00 $0.00 $70.00M
Total Short-Term Assets $3.012B $3.217B $3.012B
YoY Change -1.12% 151.67% -1.11%
LONG-TERM ASSETS
Property, Plant & Equipment $674.0M $665.2M $1.523B
YoY Change -1.46% 0.6% 2.03%
Goodwill $400.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $5.000M
YoY Change
Other Assets $35.00M $34.58M $19.00M
YoY Change 9.38% 156.79% 33.8%
Total Long-Term Assets $1.558B $1.558B $1.558B
YoY Change 2.23% 5.76% 2.22%
TOTAL ASSETS
Total Short-Term Assets $3.012B $3.217B $3.012B
Total Long-Term Assets $1.558B $1.558B $1.558B
Total Assets $4.570B $4.775B $4.570B
YoY Change 0.0% 73.54% 0.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.166B $1.174B $1.166B
YoY Change 0.78% 40.07% 0.81%
Accrued Expenses $430.0M
YoY Change -3.93%
Deferred Revenue $299.0M
YoY Change 2.05%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.217B $2.220B $2.217B
YoY Change 2.35% 48.6% 2.37%
LONG-TERM LIABILITIES
Long-Term Debt $3.052B $3.060B $3.052B
YoY Change 14.77% 94.03% 14.77%
Other Long-Term Liabilities $28.00M $47.00M $920.0M
YoY Change -58.21% 263.78% -1.81%
Total Long-Term Liabilities $28.00M $47.00M $3.972B
YoY Change -58.21% 263.78% 10.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.217B $2.220B $2.217B
Total Long-Term Liabilities $28.00M $47.00M $3.972B
Total Liabilities $6.189B $6.245B $6.189B
YoY Change 7.41% 59.19% 7.41%
SHAREHOLDERS EQUITY
Retained Earnings -$1.949B -$1.818B
YoY Change 3.34% -22.86%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.619B -$1.470B -$1.619B
YoY Change
Total Liabilities & Shareholders Equity $4.570B $4.775B $4.570B
YoY Change 0.0% 73.54% 0.0%

Cashflow Statement

Concept 2021 Q4 2021 Q1 2021
OPERATING ACTIVITIES
Net Income -$201.6M $18.00M -$131.0M
YoY Change -947.23% -106.3% -170.81%
Depreciation, Depletion And Amortization $81.85M $81.00M $322.0M
YoY Change 6.02% 21.18% 12.59%
Cash From Operating Activities $88.81M $177.0M $410.0M
YoY Change -57.03% -169.06% -71.07%
INVESTING ACTIVITIES
Capital Expenditures -$73.77M $24.00M $101.0M
YoY Change -5.9% -59.98% -45.7%
Acquisitions
YoY Change
Other Investing Activities -$166.6M $0.00 -$5.000M
YoY Change -52.1% -100.0%
Cash From Investing Activities -$240.4M -$212.0M -$515.0M
YoY Change -43.62% -207.97% 118.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $300.0M
YoY Change -21.05%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -344.0K $0.00 -$303.0M
YoY Change -99.66% -100.0% -185.84%
NET CHANGE
Cash From Operating Activities 88.81M $177.0M $410.0M
Cash From Investing Activities -240.4M -$212.0M -$515.0M
Cash From Financing Activities -344.0K $0.00 -$303.0M
Net Change In Cash -151.9M -$43.00M -$424.0M
YoY Change -52.46% -203.05% -127.41%
FREE CASH FLOW
Cash From Operating Activities $88.81M $177.0M $410.0M
Capital Expenditures -$73.77M $24.00M $101.0M
Free Cash Flow $162.6M $153.0M $309.0M
YoY Change -42.97% -148.38% -74.9%

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CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
286000000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
192000000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
344000000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
276000000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
227000000 USD
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7000000 USD
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
134000000 USD
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
62000000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
12000000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-6000000 USD
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-13000000 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2000000 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
118000000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15000000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49000000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
17000000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-10000000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15000000 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
28000000 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
61000000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
32000000 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
0 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1000000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1000000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
9000000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
532000000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
393000000 USD
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
4000000 USD
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
58000000 USD
CY2019 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
13000000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
410000000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1417000000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-197000000 USD
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
989000000 USD
CY2020 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
481000000 USD
CY2019 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
554000000 USD
CY2021 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
749000000 USD
CY2020 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
580000000 USD
CY2019 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
115000000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
101000000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
186000000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
272000000 USD
CY2021 w Payments To Site And Software Development Costs
PaymentsToSiteAndSoftwareDevelopmentCosts
179000000 USD
CY2020 w Payments To Site And Software Development Costs
PaymentsToSiteAndSoftwareDevelopmentCosts
149000000 USD
CY2019 w Payments To Site And Software Development Costs
PaymentsToSiteAndSoftwareDevelopmentCosts
129000000 USD
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-5000000 USD
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
15000000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-515000000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-236000000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-855000000 USD
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
200000000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
200000000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2020 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
2028000000 USD
CY2019 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
935000000 USD
CY2021 w Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
0 USD
CY2020 w Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
255000000 USD
CY2019 w Payments For Premiums For Capped Call Confirmations Debt Issuance
PaymentsForPremiumsForCappedCallConfirmationsDebtIssuance
145000000 USD
CY2021 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2020 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
1040000000 USD
CY2019 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
300000000 USD
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
380000000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-303000000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
353000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
787000000 USD
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-16000000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13000000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2000000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-424000000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1547000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-267000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2130000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
583000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
850000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1706000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2130000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
583000000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
27000000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
17000000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
8000000 USD
CY2021 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
265000000 USD
CY2020 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
307000000 USD
CY2019 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
41000000 USD
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
30000000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
41000000 USD
CY2021 w Minimum Number Of Suppliers
MinimumNumberOfSuppliers
23000 supplier
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesWe 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.
CY2020Q4 w Cash Cash Equivalents And Short Term Investments Held In Accounts Of Foreign Financial Institutions
CashCashEquivalentsAndShortTermInvestmentsHeldInAccountsOfForeignFinancialInstitutions
281000000 USD
CY2021 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-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, 2021 and 2020, Wayfair had $187 million and $281 million in banks located outside of the U.S. The risk for short-term investments is minimized by Wayfair's policy of investing in financial instruments issued by highly-rated financial institutions.</span></div>
CY2021Q4 w Cash Cash Equivalents And Short Term Investments Held In Accounts Of Foreign Financial Institutions
CashCashEquivalentsAndShortTermInvestmentsHeldInAccountsOfForeignFinancialInstitutions
187000000 USD
CY2021 w Revenue Collection In Advance Of Recognition Percentage
RevenueCollectionInAdvanceOfRecognitionPercentage
0.99
CY2021 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, Net</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><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;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>
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0 USD
CY2021 w Merchant Processing Fees
MerchantProcessingFees
275000000 USD
CY2020 w Merchant Processing Fees
MerchantProcessingFees
268000000 USD
CY2019 w Merchant Processing Fees
MerchantProcessingFees
180000000 USD
CY2021Q4 w Class Of Common Stock Number
ClassOfCommonStockNumber
2 class
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
3310000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2659000000 USD
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
47000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
67000000 USD
CY2021Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
0 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
699000000 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1818000000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1886000000 USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.26
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
226000000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
12000000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
110000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
21000000 USD
CY2021 w Revenue Collection In Advance Of Recognition Percentage
RevenueCollectionInAdvanceOfRecognitionPercentage
0.99
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
17000000 USD
CY2021Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
122000000 USD
CY2020Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
156000000 USD
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
93000000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
50000000 USD
CY2021Q4 w Supplier Receivables And Credits Receivable
SupplierReceivablesAndCreditsReceivable
70000000 USD
CY2020Q4 w Supplier Receivables And Credits Receivable
SupplierReceivablesAndCreditsReceivable
62000000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
33000000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
24000000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
318000000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
292000000 USD
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
16000000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
19000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
15000000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
35000000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
32000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
400000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
400000 USD
CY2019 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
299000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
293000000 USD
CY2021Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
83000000 USD
CY2020Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
90000000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
61000000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
105000000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
176000000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
155000000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
110000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
97000000 USD
CY2021Q4 w Sales Return Reserve
SalesReturnReserve
61000000 USD
CY2020Q4 w Sales Return Reserve
SalesReturnReserve
73000000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
261000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
196000000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1051000000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1009000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
299000000 USD
CY2019 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 USD
CY2021 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
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
322000000 USD
CY2021 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 USD
CY2020 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
1000000 USD
CY2019 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 USD
CY2020 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 USD
CY2021Q4 us-gaap Other Investments And Securities At Cost
OtherInvestmentsAndSecuritiesAtCost
20000000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
5000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
693000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
693000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
462000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
462000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
1706000000 USD
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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24000000 shares
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13708000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14145000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9127000000 USD
CY2021 w Adjusted Earningsbefore Interest Taxes Depreciationand Amortization
AdjustedEarningsbeforeInterestTaxesDepreciationandAmortization
614000000 USD
CY2020 w Adjusted Earningsbefore Interest Taxes Depreciationand Amortization
AdjustedEarningsbeforeInterestTaxesDepreciationandAmortization
947000000 USD
CY2019 w Adjusted Earningsbefore Interest Taxes Depreciationand Amortization
AdjustedEarningsbeforeInterestTaxesDepreciationandAmortization
-497000000 USD
CY2021 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
745000000 USD
CY2020 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
762000000 USD
CY2019 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
488000000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-131000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
185000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-985000000 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
322000000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
286000000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
192000000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
374000000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
297000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
241000000 USD
CY2021 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-32000000 USD
CY2020 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-146000000 USD
CY2019 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-55000000 USD
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4000000 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-9000000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000000 USD
CY2021 w Other Reconciling Items
OtherReconcilingItems
12000000 USD
CY2020 w Other Reconciling Items
OtherReconcilingItems
4000000 USD
CY2019 w Other Reconciling Items
OtherReconcilingItems
0 USD
CY2021 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
745000000 USD
CY2020 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
762000000 USD
CY2019 w Adjustmentsto Reconcile Total Reportable Segments Adjusted Ebitd Ato Consolidated Netloss
AdjustmentstoReconcileTotalReportableSegmentsAdjustedEBITDAtoConsolidatedNetloss
488000000 USD
CY2021 w Other Cost And Expense Operating Customer Service Center Impairment And Other Charges
OtherCostAndExpenseOperatingCustomerServiceCenterImpairmentAndOtherCharges
12000000 USD
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1523000000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
1492000000 USD
CY2021Q4 us-gaap Assets
Assets
4570000000 USD
CY2020Q4 us-gaap Assets
Assets
4570000000 USD

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