2023 Q4 Form 10-K Financial Statement

#000161670724000014 Filed on February 22, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $3.114B $12.00B $3.101B
YoY Change 0.42% -1.76% -4.64%
Cost Of Revenue $2.170B $8.336B $2.216B
YoY Change -2.08% -5.29% -6.76%
Gross Profit $944.0M $3.667B $885.0M
YoY Change 6.67% 7.35% 1.12%
Gross Profit Margin 30.31% 30.55% 28.54%
Selling, General & Admin $1.116B $4.401B $1.216B
YoY Change -8.22% -6.3% 13.95%
% of Gross Profit 118.22% 120.02% 137.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $105.0M $417.0M $101.0M
YoY Change 3.96% 12.4% 23.4%
% of Gross Profit 11.12% 11.37% 11.41%
Operating Expenses $1.116B $4.480B $1.215B
YoY Change -8.15% -6.67% 13.86%
Operating Profit -$172.0M -$813.0M -$330.0M
YoY Change -47.88% -41.26% 71.91%
Interest Expense -$2.000M -$17.00M -$8.000M
YoY Change -75.0% -37.04% -4.53%
% of Operating Profit
Other Income/Expense, Net $3.000M $1.000M -$4.000M
YoY Change -175.0% -125.0% 70.72%
Pretax Income -$171.0M -$729.0M -$342.0M
YoY Change -50.0% -44.73% 65.64%
Income Tax $3.000M $9.000M $9.000M
% Of Pretax Income
Net Earnings -$174.0M -$738.0M -$351.0M
YoY Change -50.43% -44.55% 74.07%
Net Earnings / Revenue -5.59% -6.15% -11.32%
Basic Earnings Per Share -$6.47
Diluted Earnings Per Share -$1.49 -$6.47 -$3.31
COMMON SHARES
Basic Shares Outstanding 114.0M shares
Diluted Shares Outstanding 114.0M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.351B $1.351B $1.278B
YoY Change 5.71% 5.71% -46.73%
Cash & Equivalents $1.322B $915.0M $1.050B
Short-Term Investments $29.00M $29.00M $228.0M
Other Short-Term Assets $35.00M $199.0M $33.00M
YoY Change 6.06% -11.16% 0.0%
Inventory $75.00M $75.00M $90.00M
Prepaid Expenses $81.00M $95.00M
Receivables $140.0M $140.0M $272.0M
Other Receivables $0.00 $90.00M $0.00
Total Short-Term Assets $1.855B $1.855B $1.933B
YoY Change -4.04% -4.04% -35.82%
LONG-TERM ASSETS
Property, Plant & Equipment $748.0M $1.568B $774.0M
YoY Change -3.36% -2.79% 14.84%
Goodwill $400.0K $400.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $14.00M $14.00M $11.00M
YoY Change 27.27% 27.27% 120.0%
Other Assets $51.00M $23.00M $34.00M
YoY Change 50.0% 187.5% -2.86%
Total Long-Term Assets $1.619B $1.619B $1.647B
YoY Change -1.7% -1.7% 5.71%
TOTAL ASSETS
Total Short-Term Assets $1.855B $1.855B $1.933B
Total Long-Term Assets $1.619B $1.619B $1.647B
Total Assets $3.474B $3.474B $3.580B
YoY Change -2.96% -2.96% -21.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.234B $1.234B $1.204B
YoY Change 2.49% 2.49% 3.26%
Accrued Expenses $370.0M
YoY Change -4.39%
Deferred Revenue $195.0M $214.0M
YoY Change -8.88% -28.43%
Short-Term Debt $0.00 $117.0M $0.00
YoY Change
Long-Term Debt Due $117.0M $0.00
YoY Change
Total Short-Term Liabilities $2.183B $2.183B $2.072B
YoY Change 5.36% 5.36% -6.54%
LONG-TERM LIABILITIES
Long-Term Debt $3.092B $3.092B $3.137B
YoY Change -1.43% -1.43% 2.79%
Other Long-Term Liabilities $44.00M $906.0M $28.00M
YoY Change 57.14% -1.63% 0.0%
Total Long-Term Liabilities $3.136B $3.998B $28.00M
YoY Change 11100.0% -1.48% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.183B $2.183B $2.072B
Total Long-Term Liabilities $3.136B $3.998B $28.00M
Total Liabilities $6.181B $6.181B $6.130B
YoY Change 0.83% 0.83% -0.95%
SHAREHOLDERS EQUITY
Retained Earnings -$4.018B -$3.280B
YoY Change 22.5% 68.29%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.707B -$2.707B -$2.550B
YoY Change
Total Liabilities & Shareholders Equity $3.474B $3.474B $3.580B
YoY Change -2.96% -2.96% -21.66%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income -$174.0M -$738.0M -$351.0M
YoY Change -50.43% -44.55% 74.07%
Depreciation, Depletion And Amortization $105.0M $417.0M $101.0M
YoY Change 3.96% 12.4% 23.4%
Cash From Operating Activities $158.0M $349.0M $98.00M
YoY Change 61.22% -151.78% 10.34%
INVESTING ACTIVITIES
Capital Expenditures $96.00M $148.0M $117.0M
YoY Change -17.95% -20.43% -258.59%
Acquisitions
YoY Change
Other Investing Activities -$26.00M -$2.000M $329.0M
YoY Change -107.9% -297.5%
Cash From Investing Activities -$122.0M -$152.0M $212.0M
YoY Change -157.55% -15300.0% -188.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 $77.00M 0.000
YoY Change 381.25% -100.0%
NET CHANGE
Cash From Operating Activities 158.0M $349.0M 98.00M
Cash From Investing Activities -122.0M -$152.0M 212.0M
Cash From Financing Activities 0.000 $77.00M 0.000
Net Change In Cash 36.00M $276.0M 310.0M
YoY Change -88.39% -142.07% -304.1%
FREE CASH FLOW
Cash From Operating Activities $158.0M $349.0M $98.00M
Capital Expenditures $96.00M $148.0M $117.0M
Free Cash Flow $62.00M $201.0M -$19.00M
YoY Change -426.32% -123.37% -111.69%

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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023 us-gaap Share Based Compensation
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CY2022 us-gaap Share Based Compensation
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CY2022 us-gaap Other Asset Impairment Charges
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96000000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 us-gaap Other Noncash Income Expense
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CY2021 us-gaap Other Noncash Income Expense
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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118000000 usd
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CY2021 us-gaap Increase Decrease In Inventories
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
28000000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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13000000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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349000000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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410000000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
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36000000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
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430000000 usd
CY2022 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
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889000000 usd
CY2021 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
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749000000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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148000000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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186000000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023 w Payments To Site And Software Development Costs
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CY2022 w Payments To Site And Software Development Costs
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CY2021 w Payments To Site And Software Development Costs
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179000000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022 us-gaap Payments For Proceeds From Other Investing Activities
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CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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-152000000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1000000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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75000000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2023 us-gaap Proceeds From Debt Net Of Issuance Costs
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678000000 usd
CY2022 us-gaap Proceeds From Debt Net Of Issuance Costs
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678000000 usd
CY2021 us-gaap Proceeds From Debt Net Of Issuance Costs
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CY2023 w Payments For Premiums For Capped Call Confirmations Debt Issuance
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87000000 usd
CY2022 w Payments For Premiums For Capped Call Confirmations Debt Issuance
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80000000 usd
CY2021 w Payments For Premiums For Capped Call Confirmations Debt Issuance
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CY2023 us-gaap Repayments Of Convertible Debt
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CY2022 us-gaap Repayments Of Convertible Debt
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CY2021 us-gaap Repayments Of Convertible Debt
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CY2023 us-gaap Payments Of Debt Extinguishment Costs
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514000000 usd
CY2022 us-gaap Payments Of Debt Extinguishment Costs
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504000000 usd
CY2021 us-gaap Payments Of Debt Extinguishment Costs
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CY2023 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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77000000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16000000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2000000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1000000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
276000000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-656000000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1050000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1706000000 usd
CY2021 us-gaap Interest Paid Net
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27000000 usd
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CY2022 us-gaap Conversion Of Stock Amount Issued1
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CY2021 us-gaap Conversion Of Stock Amount Issued1
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265000000 usd
CY2023 w Capital Expenditures Incurred But Not Yet Paid Reversal
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19000000 usd
CY2022 w Capital Expenditures Incurred But Not Yet Paid Reversal
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CY2021 w Capital Expenditures Incurred But Not Yet Paid Reversal
CapitalExpendituresIncurredButNotYetPaidReversal
41000000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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1050000000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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1706000000 usd
CY2023Q4 us-gaap Restricted Cash
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4000000 usd
CY2022Q4 us-gaap Restricted Cash
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CY2021Q4 us-gaap Restricted Cash
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1326000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1050000000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1706000000 usd
CY2023 w Minimum Number Of Products
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30000000 product
CY2023 w Minimum Number Of Suppliers
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CY2023 us-gaap Use Of Estimates
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<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>The consolidated financial statements are prepared 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.
CY2023 us-gaap Concentration Risk Credit Risk
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<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-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, cash equivalents, and restricted cash, short-term investments and accounts receivable. The risk for cash, cash equivalents and restricted cash 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 balances. As of December 31, 2023 and 2022, Wayfair had $111 million and $122 million, respectively, in bank deposits located outside of the United States (“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>
CY2023Q4 w Cash Cash Equivalents And Short Term Investments Held In Accounts Of Foreign Financial Institutions
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111000000 usd
CY2022Q4 w Cash Cash Equivalents And Short Term Investments Held In Accounts Of Foreign Financial Institutions
CashCashEquivalentsAndShortTermInvestmentsHeldInAccountsOfForeignFinancialInstitutions
122000000 usd
CY2023 w Revenue Collection In Advance Of Recognition Percentage
RevenueCollectionInAdvanceOfRecognitionPercentage
0.994
CY2023 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-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><td style="width:48.522%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:48.524%"></td><td style="width:0.1%"></td></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><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><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><td colspan="3" style="background-color:#ffffff;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%">2</span></div></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><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>
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0 usd
CY2023 w Merchant Processing Fees
MerchantProcessingFees
256000000 usd
CY2022 w Merchant Processing Fees
MerchantProcessingFees
258000000 usd
CY2021 w Merchant Processing Fees
MerchantProcessingFees
275000000 usd
CY2023Q4 w Class Of Common Stock Number
ClassOfCommonStockNumber
2 class
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
140000000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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22000000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
272000000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
24000000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
CY2023 w Revenue Collection In Advance Of Recognition Percentage
RevenueCollectionInAdvanceOfRecognitionPercentage
0.994
CY2023Q4 us-gaap Other Deferred Costs Gross
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79000000 usd
CY2022Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
96000000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
81000000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
95000000 usd
CY2023Q4 w Supplier Receivables And Credits Receivable
SupplierReceivablesAndCreditsReceivable
90000000 usd
CY2022Q4 w Supplier Receivables And Credits Receivable
SupplierReceivablesAndCreditsReceivable
69000000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
35000000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
33000000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
289000000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
293000000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
14000000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
15000000 usd
CY2023Q4 us-gaap Long Term Investments
LongTermInvestments
14000000 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
11000000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
23000000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
8000000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
51000000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
400000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
400000 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
195000000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
214000000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
80000000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
102000000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
133000000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
125000000 usd
CY2023Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
92000000 usd
CY2022Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
98000000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
65000000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
62000000 usd
CY2023Q4 w Sales Return Reserve
SalesReturnReserve
45000000 usd
CY2022Q4 w Sales Return Reserve
SalesReturnReserve
52000000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
117000000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
222000000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
215000000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
949000000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
868000000 usd
CY2023Q1 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
1750 employee
CY2023 us-gaap Restructuring Charges
RestructuringCharges
65000000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2023 us-gaap Investment Income Interest
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47000000 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
13000000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
5000000 usd
CY2023 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
29000000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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