Wayfair Inc(NYSE:W) 
Wayfair Inc. engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, dcor, housewares, and home improvement products through its sit...
Website: http://www.wayfair.com
Founded: 2002
IPO Price: $29 (Oct 02, 2014)
Full Time Employees: 14,000 (Dec 2022)
CEO / Co-Founder: Niraj Shah
Sector: Consumer Cyclical
Industry: Internet Retail
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenue | 2,931,000,000 | 3,337,000,000 | 3,117,000,000 | 3,273,000,000 | 2,730,000,000 | 3,121,000,000 | 2,884,000,000 | 3,117,000,000 | 2,729,000,000 | 3,114,000,000 | 2,944,000,000 | 3,171,000,000 | 2,774,000,000 | 3,101,000,000 | 2,840,000,000 | 3,284,000,000 | 2,993,000,000 | 3,251,773,000 | 3,121,083,000 | 3,857,626,000 | 3,477,518,000 | 3,670,851,000 | 3,839,570,000 | 4,304,672,000 | 2,330,063,000 | 2,533,490,000 | 2,305,487,000 | 2,343,251,000 | 1,944,829,000 | 2,014,004,000 | 1,705,645,000 | 1,655,256,000 | 1,404,269,000 | 1,439,016,000 | 1,198,198,000 | 1,122,856,000 | 960,825,000 | 984,559,000 | 861,525,000 | 786,928,000 | 747,348,000 | 739,790,000 | 593,972,000 | 491,752,000 |
yoy | 7.36% | 6.92% | 8.08% | 5.00% | 0.04% | 0.22% | -2.04% | -1.70% | -1.62% | 0.42% | 3.66% | -3.44% | -7.32% | -4.64% | -9.01% | -14.87% | -13.93% | -11.42% | -18.71% | -10.39% | 49.25% | 44.89% | 66.54% | 83.71% | 19.81% | 25.79% | 35.17% | 41.56% | 38.49% | 39.96% | 42.35% | 47.41% | 46.15% | 46.16% | 39.08% | 42.69% | 28.56% | 33.09% | 45.04% | 60.03% | ||||
qoq | -12.17% | 7.06% | -4.77% | 19.89% | -12.53% | 8.22% | -7.48% | 14.22% | -12.36% | 5.77% | -7.16% | 14.31% | -10.54% | 9.19% | -13.52% | 9.72% | -7.96% | 4.19% | -19.09% | 10.93% | -5.27% | -4.39% | -10.80% | 84.74% | -8.03% | 9.89% | -1.61% | 20.49% | -3.43% | 18.08% | 3.04% | 17.87% | -2.41% | 20.10% | 6.71% | 16.86% | -2.41% | 14.28% | 9.48% | 5.30% | 1.02% | 24.55% | 20.79% | |
cost of goods sold | 2,051,000,000 | 2,327,000,000 | 2,183,000,000 | 2,289,000,000 | 1,893,000,000 | 2,180,000,000 | 2,011,000,000 | 2,176,000,000 | 1,910,000,000 | 2,170,000,000 | 2,027,000,000 | 2,186,000,000 | 1,953,000,000 | 2,208,000,000 | 2,016,000,000 | 2,388,000,000 | 2,190,000,000 | 2,370,588,000 | 2,238,355,000 | 2,729,566,000 | 2,474,491,000 | 2,606,261,000 | 2,692,142,000 | 2,983,642,000 | 1,750,940,000 | 1,956,135,000 | 1,765,566,000 | 1,783,651,000 | 1,474,373,000 | 1,528,882,000 | 1,312,875,000 | 1,270,249,000 | 1,080,445,000 | 1,106,851,000 | 917,889,000 | 853,390,000 | 723,942,000 | 745,979,000 | 659,864,000 | 598,414,000 | 568,292,000 | 564,088,000 | 452,586,000 | 370,951,000 |
gross profit | 880,000,000 | 1,010,000,000 | 934,000,000 | 984,000,000 | 837,000,000 | 941,000,000 | 873,000,000 | 941,000,000 | 819,000,000 | 944,000,000 | 917,000,000 | 985,000,000 | 821,000,000 | 893,000,000 | 824,000,000 | 896,000,000 | 803,000,000 | 881,185,000 | 882,728,000 | 1,128,060,000 | 1,003,027,000 | 1,064,590,000 | 1,147,428,000 | 1,321,030,000 | 579,123,000 | 577,355,000 | 539,921,000 | 559,600,000 | 470,456,000 | 485,122,000 | 392,770,000 | 385,007,000 | 323,824,000 | 332,165,000 | 280,309,000 | 269,466,000 | 236,883,000 | 238,580,000 | 201,661,000 | 188,514,000 | 179,056,000 | 175,702,000 | 141,386,000 | 120,801,000 |
yoy | 5.14% | 7.33% | 6.99% | 4.57% | 2.20% | -0.32% | -4.80% | -4.47% | -0.24% | 5.71% | 11.29% | 9.93% | 2.24% | 1.34% | -6.65% | -20.57% | -19.94% | -17.23% | -23.07% | -14.61% | 73.20% | 84.39% | 112.52% | 136.07% | 23.10% | 19.01% | 37.46% | 45.35% | 45.28% | 46.05% | 40.12% | 42.88% | 36.70% | 39.23% | 39.00% | 42.94% | 32.30% | 35.79% | 42.63% | 56.05% | ||||
qoq | -12.87% | 8.14% | -5.08% | 17.56% | -11.05% | 7.79% | -7.23% | 14.90% | -13.24% | 2.94% | -6.90% | 19.98% | -8.06% | 8.37% | -8.04% | 11.58% | -8.87% | -0.17% | -21.75% | 12.47% | -5.78% | -7.22% | -13.14% | 128.11% | 0.31% | 6.93% | -3.52% | 18.95% | -3.02% | 23.51% | 2.02% | 18.89% | -2.51% | 18.50% | 4.02% | 13.75% | -0.71% | 18.31% | 6.97% | 5.28% | 1.91% | 24.27% | 17.04% | |
gross margin % | 30.02% | 30.27% | 29.96% | 30.06% | 30.66% | 30.15% | 30.27% | 30.19% | 30.01% | 30.31% | 31.15% | 31.06% | 29.60% | 28.80% | 29.01% | 27.28% | 26.83% | 27.10% | 28.28% | 29.24% | 28.84% | 29.00% | 29.88% | 30.69% | 24.85% | 22.79% | 23.42% | 23.88% | 24.19% | 24.09% | 23.03% | 23.26% | 23.06% | 23.08% | 23.39% | 24.00% | 24.65% | 24.23% | 23.41% | 23.96% | 23.96% | 23.75% | 23.80% | 24.57% |
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||
customer service and merchant fees | 114,000,000 | 125,000,000 | 118,000,000 | 121,000,000 | 107,000,000 | 120,000,000 | 112,000,000 | 121,000,000 | 117,000,000 | 138,000,000 | 136,000,000 | 144,000,000 | 139,000,000 | 163,000,000 | 156,000,000 | 162,000,000 | 151,000,000 | 152,198,000 | 139,931,000 | 144,630,000 | 147,241,000 | 136,734,000 | 139,589,000 | 143,773,000 | 89,463,000 | 100,497,000 | 91,255,000 | 88,502,000 | 76,473,000 | 77,706,000 | 66,664,000 | 61,792,000 | 53,884,000 | 52,384,000 | 42,949,000 | 39,125,000 | 35,058,000 | 36,597,000 | 33,872,000 | 30,064,000 | 27,350,000 | 25,813,000 | 21,109,000 | 18,330,000 |
advertising | 329,000,000 | 379,000,000 | 330,000,000 | 372,000,000 | 344,000,000 | 429,000,000 | 354,000,000 | 365,000,000 | 324,000,000 | 381,000,000 | 337,000,000 | 352,000,000 | 327,000,000 | 406,000,000 | 353,000,000 | 378,000,000 | 336,000,000 | 345,338,000 | 315,024,000 | 351,775,000 | 365,863,000 | 374,611,000 | 344,025,000 | 417,777,000 | 275,760,000 | 310,859,000 | 281,846,000 | 259,166,000 | 243,969,000 | 232,374,000 | 202,587,000 | 177,582,000 | 161,646,000 | 165,739,000 | 141,714,000 | 124,241,000 | 118,265,000 | 115,689,000 | 101,333,000 | 94,426,000 | 97,677,000 | 87,975,000 | 70,711,000 | 61,539,000 |
selling, operations, technology, general and administrative | 424,000,000 | 437,000,000 | 445,000,000 | 465,000,000 | 429,000,000 | 474,000,000 | 480,000,000 | 489,000,000 | 534,000,000 | 597,000,000 | 596,000,000 | 630,000,000 | 624,000,000 | 655,000,000 | 656,000,000 | 688,000,000 | 626,000,000 | 579,612,000 | 497,571,000 | 486,448,000 | 451,369,000 | 452,680,000 | 441,960,000 | 459,482,000 | 475,968,000 | 471,420,000 | 426,529,000 | 383,109,000 | 343,648,000 | 304,647,000 | 268,785,000 | 240,972,000 | 211,363,000 | |||||||||||
impairment and other related net charges | 23,000,000 | 35,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 13,000,000 | ||||||||||||||||||||||||||||||||||||||
restructuring and other charges | 24,000,000 | |||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 891,000,000 | 926,000,000 | 896,000,000 | 967,000,000 | 959,000,000 | 1,058,000,000 | 947,000,000 | 976,000,000 | 1,054,000,000 | 1,116,000,000 | 1,069,000,000 | 1,127,000,000 | 1,168,000,000 | 1,223,000,000 | 1,196,000,000 | 1,268,000,000 | 1,113,000,000 | 1,076,936,000 | 952,526,000 | 982,853,000 | 976,685,000 | 964,025,000 | 925,574,000 | 1,021,032,000 | 841,191,000 | 882,776,000 | 799,630,000 | 730,777,000 | 664,090,000 | 614,727,000 | 538,036,000 | 480,346,000 | 426,893,000 | 399,903,000 | 354,266,000 | 307,018,000 | 293,089,000 | 282,338,000 | 263,281,000 | 237,244,000 | 221,165,000 | 191,696,000 | 160,023,000 | 140,274,000 |
income from operations | -11,000,000 | 84,000,000 | 38,000,000 | 17,000,000 | -122,000,000 | -117,000,000 | -74,000,000 | -35,000,000 | -235,000,000 | -172,000,000 | -152,000,000 | -142,000,000 | -347,000,000 | -330,000,000 | -372,000,000 | -372,000,000 | -310,000,000 | -195,751,000 | -69,798,000 | 145,207,000 | 26,342,000 | 100,565,000 | 221,854,000 | 299,998,000 | -262,068,000 | -305,421,000 | -259,709,000 | -171,177,000 | -193,634,000 | -129,605,000 | -145,266,000 | -95,339,000 | -103,069,000 | -67,738,000 | -73,957,000 | -37,552,000 | -56,206,000 | -43,758,000 | -61,620,000 | -48,730,000 | -42,109,000 | -15,994,000 | -18,637,000 | |
yoy | -90.98% | -171.79% | -151.35% | -148.57% | -48.09% | -31.98% | -51.32% | -75.35% | -32.28% | -47.88% | -59.14% | -61.83% | 11.94% | 68.58% | 432.97% | -356.19% | -1276.83% | -294.65% | -131.46% | -51.60% | -110.05% | -132.93% | -185.42% | -275.26% | 35.34% | 135.66% | 78.78% | 79.55% | 87.87% | 91.33% | 96.42% | 153.89% | 83.38% | 54.80% | 20.02% | -22.94% | 33.48% | 173.59% | 230.63% | |||||
qoq | -113.10% | 121.05% | 123.53% | -113.93% | 4.27% | 58.11% | 111.43% | -85.11% | 36.63% | 13.16% | 7.04% | -59.08% | 5.15% | -11.29% | 0.00% | 20.00% | 58.36% | 180.45% | -148.07% | 451.24% | -73.81% | -54.67% | -26.05% | -214.47% | -14.19% | 17.60% | 51.72% | -11.60% | 49.40% | -10.78% | 52.37% | -7.50% | 52.16% | -8.41% | 96.95% | -33.19% | 28.45% | -28.99% | 26.45% | 15.72% | 163.28% | -14.18% | ||
operating margin % | -0.38% | 2.52% | 1.22% | 0.52% | -4.47% | -3.75% | -2.57% | -1.12% | -8.61% | -5.52% | -5.16% | -4.48% | -12.51% | -10.64% | -13.10% | -11.33% | -10.36% | -6.02% | -2.24% | 3.76% | 0.76% | 2.74% | 5.78% | 6.97% | -11.25% | -12.06% | -11.26% | -7.31% | -9.96% | -6.44% | -8.52% | -5.76% | -7.34% | -4.71% | -6.17% | -3.34% | -5.85% | -4.44% | -7.15% | -6.19% | -5.63% | -2.16% | -3.14% | 0% |
interest expense | -39,000,000 | -36,000,000 | -31,000,000 | -29,000,000 | -23,000,000 | -14,000,000 | -5,000,000 | -4,000,000 | -6,000,000 | -2,000,000 | -5,000,000 | -5,000,000 | -5,000,000 | -8,000,000 | -5,000,000 | -6,000,000 | -8,000,000 | -8,380,000 | -8,406,000 | -8,402,000 | -8,480,500 | -14,432,000 | -10,252,000 | -9,238,000 | -4,567,250 | -7,066,000 | -5,796,000 | -5,407,000 | ||||||||||||||||
other income | -11,000,000 | 3,000,000 | -5,000,000 | 23,000,000 | 10,000,000 | -24,000,000 | 8,000,000 | -1,000,000 | 3,000,000 | -1,000,000 | 1,000,000 | -2,343,000 | 3,889,000 | -2,248,000 | 2,087,000 | -13,584,000 | 3,110,000 | -246,000 | -2,701,000 | 2,182,000 | 322,000 | 3,078,000 | -2,865,000 | 1,054,000 | 666,000 | 941,000 | 358,000 | -227,000 | 451,000 | 176,000 | -48,000 | 889,000 | 246,000 | 669,000 | 176,000 | 2,746,000 | ||||||||
gain on debt extinguishment | -43,000,000 | 6,000,000 | 25,000,000 | 100,000,000 | 96,000,000 | |||||||||||||||||||||||||||||||||||||||
income before income taxes | -104,000,000 | -114,000,000 | -97,000,000 | 17,000,000 | -110,000,000 | -126,000,000 | -71,000,000 | -40,000,000 | -245,000,000 | -171,000,000 | -161,000,000 | -44,000,000 | -353,000,000 | -342,000,000 | -282,000,000 | -377,000,000 | -318,000,000 | -206,474,000 | -74,315,000 | 134,557,000 | 16,232,000 | 43,727,000 | 171,955,000 | 274,169,000 | -284,532,000 | -328,714,000 | -271,959,000 | -181,107,000 | -199,794,000 | -142,761,000 | -151,278,000 | -100,469,000 | -107,535,000 | -72,956,000 | -76,192,000 | -38,651,000 | -56,329,000 | -43,903,000 | -61,023,000 | -47,953,000 | -40,888,000 | -15,431,000 | -15,566,000 | |
provision for income taxes | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 9,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | -4,833,000 | 3,706,000 | 4,129,000 | -2,002,000 | 19,909,000 | -1,211,000 | 292,000 | 1,333,000 | 1,508,000 | 76,000 | 831,000 | 595,000 | 1,084,000 | 448,000 | 265,000 | 240,000 | -185,000 | 237,000 | 224,000 | 210,000 | 53,000 | -83,000 | 321,000 | 317,000 | 64,000 | -88,000 | 73,000 |
net income | -105,000,000 | -116,000,000 | -99,000,000 | 15,000,000 | -113,000,000 | -128,000,000 | -74,000,000 | -42,000,000 | -248,000,000 | -174,000,000 | -163,000,000 | -46,000,000 | -355,000,000 | -351,000,000 | -283,000,000 | -378,000,000 | -319,000,000 | -201,641,000 | -78,021,000 | 130,428,000 | 18,234,000 | 23,818,000 | 173,166,000 | 273,877,000 | -285,865,000 | -330,222,000 | -272,035,000 | -181,938,000 | -200,389,000 | -143,845,000 | -151,726,000 | -100,734,000 | -107,775,000 | -72,771,000 | -76,429,000 | -38,875,000 | -56,539,000 | -43,956,000 | -60,940,000 | -48,274,000 | -41,205,000 | -15,495,000 | -15,478,000 | |
yoy | -7.08% | -9.38% | 33.78% | -135.71% | -54.44% | -26.44% | -54.60% | -8.70% | -30.14% | -50.43% | -42.40% | -87.83% | 11.29% | 74.07% | 262.72% | -389.82% | -1849.48% | -946.59% | -145.06% | -52.38% | -106.38% | -107.21% | -163.66% | -250.53% | 42.66% | 129.57% | 79.29% | 80.61% | 85.93% | 97.67% | 98.52% | 159.12% | 90.62% | 65.55% | 25.42% | -19.47% | 37.21% | 183.68% | 293.72% | |||||
qoq | -9.48% | 17.17% | -760.00% | -113.27% | -11.72% | 72.97% | 76.19% | -83.06% | 42.53% | 6.75% | 254.35% | -87.04% | 1.14% | 24.03% | -25.13% | 18.50% | 58.20% | 158.44% | -159.82% | 615.30% | -23.44% | -86.25% | -36.77% | -195.81% | -13.43% | 21.39% | 49.52% | -9.21% | 39.31% | -5.19% | 50.62% | -6.53% | 48.10% | -4.79% | 96.60% | -31.24% | 28.63% | -27.87% | 26.24% | 17.16% | 165.92% | 0.11% | ||
net income margin % | -3.58% | -3.48% | -3.18% | 0.46% | -4.14% | -4.10% | -2.57% | -1.35% | -9.09% | -5.59% | -5.54% | -1.45% | -12.80% | -11.32% | -9.96% | -11.51% | -10.66% | -6.20% | -2.50% | 3.38% | 0.52% | 0.65% | 4.51% | 6.36% | -12.27% | -13.03% | -11.80% | -7.76% | -10.30% | -7.14% | -8.90% | -6.09% | -7.67% | -5.06% | -6.38% | -3.46% | -5.88% | -4.46% | -7.07% | -6.13% | -5.51% | -2.09% | -2.61% | 0% |
loss per share | ||||||||||||||||||||||||||||||||||||||||||||
basic | -0.8 | -0.9 | -0.76 | |||||||||||||||||||||||||||||||||||||||||
diluted | -0.8 | -0.9 | -0.76 | |||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares of common stock outstanding used in computing per share amounts: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 131 | 128 | 130 | 128 | 127 | 123 | 123 | 122 | 120 | 114 | 116 | 112 | 110 | 106 | 106 | 105 | 105 | 104 | 104,054 | 103,829 | 102,840 | 95,825 | 95,373 | 94,834 | ||||||||||||||||||||
diluted | 131 | 128 | 130 | 129 | 127 | 123 | 123 | 122 | 120 | 114 | 116 | 112 | 110 | 106 | 106 | 105 | 105 | 104 | 104,054 | 122,092 | 106,682 | 99,337 | 109,200 | 119,932 | ||||||||||||||||||||
restructuring charges | 17,000,000 | 3,000,000 | 9,000,000 | 56,000,000 | 79,000,000 | 65,000,000 | 31,000,000 | |||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | -17,000,000 | -99,000,000 | ||||||||||||||||||||||||||||||||||||||||||
earnings per share: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 0.11 | -3.26 | -2.66 | -3.59 | -3.04 | -1.94 | -0.75 | 1.26 | 0.18 | |||||||||||||||||||||||||||||||||||
diluted | 0.11 | -3.26 | -2.66 | -3.59 | -3.04 | -1.91 | -0.75 | 1.14 | 0.16 | |||||||||||||||||||||||||||||||||||
loss per share: | ||||||||||||||||||||||||||||||||||||||||||||
basic | -0.89 | -1.03 | -0.6 | -0.34 | -2.06 | -1.48 | -1.4 | -0.41 | -3.22 | |||||||||||||||||||||||||||||||||||
diluted | -0.89 | -1.03 | -0.6 | -0.34 | -2.06 | -1.48 | -1.4 | -0.41 | -3.22 | |||||||||||||||||||||||||||||||||||
other expense | -4,000,000 | -500,000 | -4,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||
impairment and other related charges | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||
impairment and other charges | 40,000,000 | |||||||||||||||||||||||||||||||||||||||||||
customer service center impairment and other charges | -212,000 | 12,212,000 | ||||||||||||||||||||||||||||||||||||||||||
interest (expense) | -6,812,000 | -58,925,000 | -36,315,000 | -28,939,000 | -22,218,000 | |||||||||||||||||||||||||||||||||||||||
other (expense) | -3,298,000 | |||||||||||||||||||||||||||||||||||||||||||
basic earnings per share | 0.425 | 1.82 | 2.89 | |||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | 0.41 | 1.67 | 2.54 | |||||||||||||||||||||||||||||||||||||||||
net income per share | -3.04 | -3.55 | -2.94 | -1.98 | -2.2 | -1.59 | -1.69 | -1.13 | -1.22 | -0.83 | -0.88 | -0.45 | -0.66 | -0.443 | -0.72 | -0.57 | -0.49 | |||||||||||||||||||||||||||
weighted-average number of common stock outstanding used in computing per share amounts, basic and diluted | 94,089 | 92,200 | 92,540 | 91,802 | 91,104 | 89,472 | 89,792 | 89,158 | 88,467 | 86,983 | 87,283 | 86,714 | 86,036 | 84,977 | 85,105 | 84,786 | 84,445 | 83,726 | ||||||||||||||||||||||||||
merchandising, marketing and sales | 40,008,250 | 56,934,000 | 52,305,000 | 50,794,000 | 47,856,000 | 48,550,000 | 43,273,000 | 37,856,000 | 32,018,000 | 27,083,000 | 23,814,000 | |||||||||||||||||||||||||||||||||
operations, technology, general and administrative | 73,247,000 | 112,669,000 | 91,347,000 | 88,972,000 | 82,196,000 | 79,526,000 | 69,481,000 | 58,282,000 | 45,693,000 | 40,912,000 | 36,355,000 | |||||||||||||||||||||||||||||||||
interest income | -5,576,000 | -2,008,000 | -1,550,000 | -299,000 | -97,000 | -292,000 | 531,000 | 552,000 | 387,000 | 325,000 | 308,000 | |||||||||||||||||||||||||||||||||
amortization of acquired intangible assets | 197,000 | 208,000 | 236,000 | |||||||||||||||||||||||||||||||||||||||||
accretion of convertible redeemable preferred units | ||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -15,495,000 | -15,478,000 | -19,334,000 | |||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders per share, basic and diluted | -0.18 | -0.18 | -0.23 | |||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding, basic and diluted | 83,886 | 83,603 | ||||||||||||||||||||||||||||||||||||||||||
other (expense) income |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | ||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,004,000,000 | 1,476,000,000 | 1,171,000,000 | 1,326,000,000 | 1,338,000,000 | 1,316,000,000 | 1,296,000,000 | 1,304,000,000 | 1,107,000,000 | 1,322,000,000 | 1,281,000,000 | 1,249,000,000 | 970,000,000 | 1,050,000,000 | 731,000,000 | 1,094,000,000 | 1,200,000,000 | 1,706,000,000 | 1,864,821,000 | 2,078,451,000 | 2,086,484,000 | 2,129,440,000 | 2,442,939,000 | 2,181,471,000 | 624,481,000 | 582,753,000 | 1,295,385,000 | 675,111,000 | 722,360,000 | 849,461,000 | 488,636,000 | 529,452,000 | 522,026,000 | 558,960,000 | 553,721,000 | 203,810,000 | 212,408,000 | 279,840,000 | 208,344,000 | 220,299,000 | 248,798,000 | 334,176,000 | 278,690,000 | 236,574,000 |
short-term investments | 58,000,000 | 66,000,000 | 54,000,000 | 52,000,000 | 30,000,000 | 56,000,000 | 32,000,000 | 39,000,000 | 50,000,000 | 29,000,000 | 4,000,000 | 78,000,000 | 228,000,000 | 557,000,000 | 644,000,000 | 787,000,000 | 693,000,000 | 528,392,000 | 523,390,000 | 608,524,000 | 461,698,000 | 113,985,000 | 192,746,000 | 266,497,000 | 404,252,000 | 6,049,000 | 39,342,000 | 83,302,000 | 114,278,000 | 30,056,000 | 45,934,000 | 60,032,000 | 61,032,000 | 56,699,000 | 52,059,000 | 64,277,000 | 68,743,000 | 84,471,000 | 82,712,000 | 60,656,000 | 51,895,000 | 46,654,000 | 51,425,000 | |
accounts receivable | 158,000,000 | 132,000,000 | 129,000,000 | 110,000,000 | 140,000,000 | 155,000,000 | 155,000,000 | 161,000,000 | 113,000,000 | 140,000,000 | 132,000,000 | 128,000,000 | 181,000,000 | 272,000,000 | 332,000,000 | 308,000,000 | 270,000,000 | 226,000,000 | 166,497,000 | 129,410,000 | 107,043,000 | 110,299,000 | 109,652,000 | 118,984,000 | 110,259,000 | 99,720,000 | 75,677,000 | 77,295,000 | 60,596,000 | 50,603,000 | 41,013,000 | 34,823,000 | 31,977,000 | 37,948,000 | 27,521,000 | 23,890,000 | 21,770,000 | 19,113,000 | 16,689,000 | 14,163,000 | 11,854,000 | 9,906,000 | 9,719,000 | 7,064,000 |
inventories | 78,000,000 | 71,000,000 | 70,000,000 | 89,000,000 | 90,000,000 | 76,000,000 | 81,000,000 | 78,000,000 | 81,000,000 | 75,000,000 | 79,000,000 | 77,000,000 | 83,000,000 | 90,000,000 | 103,000,000 | 98,000,000 | 80,000,000 | 69,000,000 | 66,621,000 | 59,914,000 | 59,613,000 | 52,152,000 | 54,241,000 | 42,841,000 | 56,574,000 | 61,692,000 | 68,622,000 | 45,611,000 | 43,643,000 | 46,164,000 | 35,723,000 | 30,710,000 | 34,550,000 | 28,042,000 | 18,613,000 | 14,612,000 | 14,457,000 | 18,550,000 | 19,188,000 | 17,396,000 | 17,763,000 | 19,900,000 | 22,552,000 | 21,321,000 |
prepaid expenses and other current assets | 270,000,000 | 256,000,000 | 254,000,000 | 233,000,000 | 295,000,000 | 274,000,000 | 248,000,000 | 240,000,000 | 237,000,000 | 289,000,000 | 292,000,000 | 316,000,000 | 295,000,000 | 293,000,000 | 281,000,000 | 316,000,000 | 343,000,000 | 318,000,000 | 328,862,000 | 342,695,000 | 355,211,000 | 292,213,000 | 322,649,000 | 342,985,000 | 220,400,000 | 228,721,000 | 224,968,000 | 219,541,000 | 207,931,000 | 195,430,000 | 167,754,000 | 153,042,000 | 148,295,000 | 130,838,000 | 120,041,000 | 122,875,000 | 119,450,000 | 90,845,000 | 87,417,000 | 88,117,000 | 85,170,000 | 76,446,000 | 75,486,000 | 65,254,000 |
total current assets | 1,568,000,000 | 2,001,000,000 | 1,678,000,000 | 1,810,000,000 | 1,893,000,000 | 1,877,000,000 | 1,812,000,000 | 1,822,000,000 | 1,588,000,000 | 1,855,000,000 | 1,784,000,000 | 1,774,000,000 | 1,607,000,000 | 1,933,000,000 | 2,004,000,000 | 2,460,000,000 | 2,680,000,000 | 3,012,000,000 | 2,955,193,000 | 3,133,860,000 | 3,216,875,000 | 3,045,802,000 | 3,043,466,000 | 2,879,027,000 | 1,278,211,000 | 1,377,138,000 | 1,670,701,000 | 1,056,900,000 | 1,117,832,000 | 1,255,936,000 | 763,182,000 | 793,961,000 | 796,880,000 | 816,820,000 | 776,595,000 | 417,246,000 | 432,362,000 | 477,091,000 | 416,109,000 | 422,687,000 | 424,241,000 | 492,323,000 | 433,101,000 | 381,638,000 |
operating lease right-of-use assets | 741,000,000 | 862,000,000 | 854,000,000 | 868,000,000 | 912,000,000 | 925,000,000 | 888,000,000 | 880,000,000 | 887,000,000 | 820,000,000 | 778,000,000 | 806,000,000 | 809,000,000 | 839,000,000 | 852,000,000 | 876,000,000 | 844,000,000 | 849,000,000 | 816,951,000 | 842,670,000 | 858,297,000 | 808,375,000 | 802,369,000 | 802,456,000 | 780,118,000 | 763,400,000 | 756,716,000 | 630,731,000 | 552,033,000 | |||||||||||||||
property and equipment | 502,000,000 | 516,000,000 | 523,000,000 | 540,000,000 | 556,000,000 | 603,000,000 | 658,000,000 | 680,000,000 | 714,000,000 | 748,000,000 | 751,000,000 | 759,000,000 | 762,000,000 | 774,000,000 | 763,000,000 | 730,000,000 | 698,000,000 | 674,000,000 | 653,673,000 | 663,987,000 | 665,177,000 | 684,306,000 | 682,057,000 | 667,456,000 | 661,216,000 | 624,544,000 | 547,056,000 | 480,492,000 | 430,548,000 | 606,977,000 | 509,661,000 | 468,422,000 | 404,309,000 | 361,141,000 | 318,873,000 | 295,368,000 | 263,315,000 | 239,354,000 | 211,285,000 | 179,142,000 | 162,594,000 | 112,325,000 | 88,642,000 | 76,367,000 |
other non-current assets | 59,000,000 | 61,000,000 | 61,000,000 | 60,000,000 | 58,000,000 | 54,000,000 | 56,000,000 | 54,000,000 | 51,000,000 | 51,000,000 | 47,000,000 | 43,000,000 | 34,000,000 | 34,000,000 | 34,000,000 | 32,000,000 | 34,000,000 | 35,000,000 | 40,400,000 | 40,707,000 | 34,584,000 | |||||||||||||||||||||||
total assets | 2,870,000,000 | 3,440,000,000 | 3,116,000,000 | 3,278,000,000 | 3,419,000,000 | 3,459,000,000 | 3,414,000,000 | 3,436,000,000 | 3,240,000,000 | 3,474,000,000 | 3,360,000,000 | 3,382,000,000 | 3,212,000,000 | 3,580,000,000 | 3,653,000,000 | 4,098,000,000 | 4,256,000,000 | 4,570,000,000 | 4,466,217,000 | 4,681,224,000 | 4,774,933,000 | 4,569,929,000 | 4,558,440,000 | 4,379,496,000 | 2,751,421,000 | 2,953,048,000 | 3,007,635,000 | 2,182,100,000 | 2,113,865,000 | 1,890,850,000 | 1,299,638,000 | 1,287,268,000 | 1,226,446,000 | 1,213,403,000 | 1,138,140,000 | 751,478,000 | 742,123,000 | 761,683,000 | 684,119,000 | 663,968,000 | 667,427,000 | 694,581,000 | 601,344,000 | 543,985,000 |
liabilities and stockholders' deficit: | ||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 1,094,000,000 | 1,202,000,000 | 1,199,000,000 | 1,140,000,000 | 1,123,000,000 | 1,246,000,000 | 1,187,000,000 | 1,168,000,000 | 1,055,000,000 | 1,234,000,000 | 1,173,000,000 | 1,104,000,000 | 1,058,000,000 | 1,204,000,000 | 1,056,000,000 | 1,234,000,000 | 1,174,000,000 | 1,166,000,000 | 1,072,529,000 | 1,262,395,000 | 1,174,208,000 | 1,156,624,000 | 1,236,895,000 | 1,270,495,000 | 838,300,000 | 908,097,000 | 814,439,000 | 779,938,000 | 705,974,000 | 650,174,000 | 591,931,000 | 543,596,000 | 485,631,000 | 440,366,000 | 381,661,000 | 371,407,000 | 362,719,000 | 379,493,000 | 312,306,000 | 265,775,000 | 251,023,000 | 270,913,000 | 192,552,000 | 148,447,000 |
other current liabilities | 961,000,000 | 927,000,000 | 1,055,000,000 | 1,075,000,000 | 1,160,000,000 | 1,124,000,000 | 982,000,000 | 1,039,000,000 | 970,000,000 | 949,000,000 | 823,000,000 | 870,000,000 | 851,000,000 | 868,000,000 | 905,000,000 | 984,000,000 | 1,025,000,000 | 1,051,000,000 | 957,963,000 | 963,235,000 | 1,045,814,000 | 1,008,970,000 | 333,589,000 | 379,431,000 | 236,158,000 | 236,863,000 | 200,502,000 | 179,155,000 | 170,173,000 | 127,995,000 | 109,212,000 | 95,626,000 | 89,430,000 | 85,026,000 | 61,151,000 | 48,951,000 | 44,911,000 | 44,028,000 | 37,014,000 | 32,344,000 | 27,813,000 | 23,669,000 | 24,070,000 | 21,743,000 |
total current liabilities | 2,055,000,000 | 2,129,000,000 | 2,254,000,000 | 2,215,000,000 | 2,283,000,000 | 2,370,000,000 | 2,169,000,000 | 2,207,000,000 | 2,025,000,000 | 2,183,000,000 | 1,996,000,000 | 1,974,000,000 | 1,909,000,000 | 2,072,000,000 | 1,961,000,000 | 2,218,000,000 | 2,199,000,000 | 2,217,000,000 | 2,030,492,000 | 2,225,630,000 | 2,220,022,000 | 2,165,594,000 | 2,217,353,000 | 2,283,421,000 | 1,493,927,000 | 1,611,519,000 | 1,433,659,000 | 1,333,511,000 | 1,229,813,000 | 1,139,223,000 | 1,002,311,000 | 890,298,000 | 799,652,000 | 739,755,000 | 650,249,000 | 598,547,000 | 566,584,000 | 557,220,000 | 472,992,000 | 425,141,000 | 388,127,000 | 397,026,000 | 313,732,000 | 252,450,000 |
long-term debt | 2,931,000,000 | 3,233,000,000 | 2,748,000,000 | 2,884,000,000 | 3,000,000,000 | 2,882,000,000 | 3,061,000,000 | 3,059,000,000 | 3,095,000,000 | 3,092,000,000 | 3,207,000,000 | 3,205,000,000 | 3,138,000,000 | 3,137,000,000 | 3,134,000,000 | 3,054,000,000 | 3,054,000,000 | 3,052,000,000 | 3,049,475,000 | 3,047,983,000 | 3,060,091,000 | 2,659,243,000 | 2,862,135,000 | 1,988,213,000 | 1,577,069,000 | 1,456,195,000 | 1,435,927,000 | 761,604,000 | 750,156,000 | 738,904,000 | 346,641,000 | 342,281,000 | 337,186,000 | 332,905,000 | 327,950,000 | |||||||||
operating lease liabilities, net of current | 704,000,000 | 835,000,000 | 857,000,000 | 869,000,000 | 914,000,000 | 929,000,000 | 884,000,000 | 893,000,000 | 905,000,000 | 862,000,000 | 827,000,000 | 861,000,000 | 867,000,000 | 893,000,000 | 909,000,000 | 939,000,000 | 881,000,000 | 892,000,000 | ||||||||||||||||||||||||||
other non-current liabilities | 22,000,000 | 25,000,000 | 25,000,000 | 29,000,000 | 31,000,000 | 33,000,000 | 33,000,000 | 37,000,000 | 40,000,000 | 44,000,000 | 38,000,000 | 40,000,000 | 43,000,000 | 28,000,000 | 27,000,000 | 32,000,000 | 26,000,000 | 28,000,000 | 48,736,000 | 50,058,000 | 43,593,000 | |||||||||||||||||||||||
total liabilities | 5,712,000,000 | 6,222,000,000 | 5,884,000,000 | 5,997,000,000 | 6,228,000,000 | 6,214,000,000 | 6,147,000,000 | 6,196,000,000 | 6,065,000,000 | 6,181,000,000 | 6,068,000,000 | 6,080,000,000 | 5,957,000,000 | 6,130,000,000 | 6,031,000,000 | 6,243,000,000 | 6,160,000,000 | 6,189,000,000 | 5,996,298,000 | 6,223,102,000 | 6,244,642,000 | 5,761,826,000 | 6,018,026,000 | 5,166,888,000 | 3,922,822,000 | 3,897,256,000 | 3,690,064,000 | 2,787,457,000 | 2,593,012,000 | 2,221,571,000 | 1,611,859,000 | 1,482,746,000 | 1,353,650,000 | 1,261,732,000 | 1,135,111,000 | 739,538,000 | 705,661,000 | 682,299,000 | 573,615,000 | 501,884,000 | 462,421,000 | 452,036,000 | 346,648,000 | 277,138,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||
stockholders' deficit: | ||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 0.001 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||
class a common stock, par value 0.001 per share... | 78,000 | 77,000 | 77,000 | 73,000 | 69,000 | 68,000 | 67,000 | 67,000 | 66,000 | 65,000 | 64,000 | 63,000 | 61,000 | 59,000 | 58,000 | 57,000 | 56,000 | 54,000 | 51,000 | 50,000 | 49,000 | 48,000 | 47,000 | 46,000 | 44,000 | 43,000 | ||||||||||||||||||
class b common stock, par value 0.001 per share... | 26,000 | 27,000 | 27,000 | 27,000 | 27,000 | 27,000 | 27,000 | 27,000 | 27,000 | 28,000 | 28,000 | 28,000 | 29,000 | 30,000 | 31,000 | 31,000 | 31,000 | 33,000 | 35,000 | 36,000 | 36,000 | 37,000 | 38,000 | 38,000 | 40,000 | 41,000 | ||||||||||||||||||
additional paid-in capital | 2,114,000,000 | 2,073,000,000 | 1,971,000,000 | 1,921,000,000 | 1,821,000,000 | 1,751,000,000 | 1,657,000,000 | 1,552,000,000 | 1,446,000,000 | 1,316,000,000 | 1,142,000,000 | 988,000,000 | 894,000,000 | 737,000,000 | 565,000,000 | 513,000,000 | 374,000,000 | 337,000,000 | 221,733,000 | 131,706,000 | 331,513,000 | 698,482,000 | 452,111,000 | 1,295,971,000 | 1,184,674,000 | 1,122,548,000 | 1,054,135,000 | 859,092,000 | 802,973,000 | 753,657,000 | 628,600,000 | 593,460,000 | 562,349,000 | 537,212,000 | 515,380,000 | 446,966,000 | 431,812,000 | 409,225,000 | 396,949,000 | 387,186,000 | 381,663,000 | 378,162,000 | 374,794,000 | 371,771,000 |
accumulated deficit | -4,928,000,000 | -4,823,000,000 | -4,707,000,000 | -4,608,000,000 | -4,623,000,000 | -4,510,000,000 | -4,382,000,000 | -4,308,000,000 | -4,266,000,000 | -4,018,000,000 | -3,844,000,000 | -3,681,000,000 | -3,635,000,000 | -3,280,000,000 | -2,929,000,000 | -2,646,000,000 | -2,268,000,000 | -1,949,000,000 | -1,747,030,000 | -1,669,009,000 | -1,799,437,000 | -1,885,950,000 | -1,909,768,000 | -2,082,934,000 | -2,356,811,000 | -2,065,423,000 | -1,735,201,000 | -1,463,166,000 | -1,281,228,000 | -1,082,689,000 | -938,844,000 | -787,118,000 | -686,384,000 | -583,266,000 | -510,495,000 | -434,066,000 | -395,191,000 | -329,940,000 | -285,984,000 | -225,044,000 | -176,770,000 | -135,565,000 | -120,070,000 | |
accumulated other comprehensive loss | -28,000,000 | -8,000,000 | -4,000,000 | -5,000,000 | -5,000,000 | -6,000,000 | -5,000,000 | -4,000,000 | -7,000,000 | -14,000,000 | -12,000,000 | -10,000,000 | -7,000,000 | -4,888,000 | -4,679,000 | -1,889,000 | -4,529,000 | -2,025,000 | -524,000 | -1,780,000 | -546,000 | -143,000 | 28,000 | -136,000 | -112,000 | |||||||||||||||||||
total stockholders' deficit | -2,842,000,000 | -2,782,000,000 | -2,768,000,000 | -2,719,000,000 | -2,809,000,000 | -2,755,000,000 | -2,733,000,000 | -2,760,000,000 | -2,825,000,000 | -2,707,000,000 | -2,708,000,000 | -2,698,000,000 | -2,745,000,000 | -2,550,000,000 | -1,619,000,000 | -1,191,897,000 | -944,208,000 | -330,721,000 | ||||||||||||||||||||||||||
total liabilities and stockholders' deficit | 2,870,000,000 | 3,440,000,000 | 3,116,000,000 | 3,278,000,000 | 3,419,000,000 | 3,459,000,000 | 3,414,000,000 | 3,436,000,000 | 3,240,000,000 | 3,474,000,000 | 3,360,000,000 | 3,382,000,000 | 3,212,000,000 | 3,580,000,000 | 4,570,000,000 | 4,569,929,000 | 2,953,048,000 | 1,890,850,000 | ||||||||||||||||||||||||||
liabilities and stockholders' deficit | ||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -32,000,000 | -32,000,000 | -32,000,000 | -7,000,000 | 4,000,000 | 642,000 | ||||||||||||||||||||||||||||||||||||||
stockholders’ deficit: | ||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -2,378,000,000 | -2,145,000,000 | -1,904,000,000 | -1,530,081,000 | -1,541,878,000 | -1,469,709,000 | -1,459,586,000 | -787,392,000 | -1,171,401,000 | -682,429,000 | -605,357,000 | -479,147,000 | ||||||||||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 3,653,000,000 | 4,098,000,000 | 4,256,000,000 | 4,466,217,000 | 4,681,224,000 | 4,774,933,000 | 4,558,440,000 | 4,379,496,000 | 2,751,421,000 | 3,007,635,000 | 2,182,100,000 | 2,113,865,000 | ||||||||||||||||||||||||||||||||
operating lease liabilities | 867,595,000 | 899,431,000 | 920,936,000 | 869,958,000 | 867,711,000 | 863,135,000 | 838,906,000 | 822,602,000 | 813,861,000 | 685,489,000 | 607,630,000 | |||||||||||||||||||||||||||||||||
long-term investments | 155,690,000 | 6,526,000 | 6,521,000 | 9,767,000 | 10,962,000 | 21,561,000 | 29,809,000 | 26,798,000 | 33,242,000 | 30,967,000 | 41,718,000 | 50,527,000 | 70,315,000 | 79,883,000 | 74,460,000 | 78,730,000 | ||||||||||||||||||||||||||||
other noncurrent assets | 31,446,000 | 12,943,000 | 12,550,000 | 13,468,000 | 13,467,000 | 13,951,000 | 13,417,000 | 12,752,000 | 18,826,000 | 17,550,000 | 12,200,000 | 11,077,000 | 10,776,000 | 9,477,000 | 8,398,000 | 9,255,000 | 10,041,000 | 10,477,000 | 8,303,000 | 6,772,000 | 6,348,000 | 1,242,000 | 1,378,000 | |||||||||||||||||||||
other noncurrent liabilities | 67,031,000 | |||||||||||||||||||||||||||||||||||||||||||
goodwill and intangible assets | 17,605,000 | 18,007,000 | 18,408,000 | 18,809,000 | 19,211,000 | 560,000 | 700,000 | 2,585,000 | 2,724,000 | 2,918,000 | 3,218,000 | 3,105,000 | 3,386,000 | 3,668,000 | 3,949,000 | 4,230,000 | 4,530,000 | 3,309,000 | 3,505,000 | 3,702,000 | 3,899,000 | 5,872,000 | ||||||||||||||||||||||
accrued expenses | 328,694,000 | 299,714,000 | 255,347,000 | 298,918,000 | 267,351,000 | 218,607,000 | 207,206,000 | 212,997,000 | 167,745,000 | 129,458,000 | 114,517,000 | 120,247,000 | 121,218,000 | 89,051,000 | 70,629,000 | 67,807,000 | 68,289,000 | 73,500,000 | 60,600,000 | 51,560,000 | 52,083,000 | 42,341,000 | ||||||||||||||||||||||
unearned revenue | 318,175,000 | 333,781,000 | 164,122,000 | 167,641,000 | 151,367,000 | 155,811,000 | 146,460,000 | |||||||||||||||||||||||||||||||||||||
other liabilities | 70,827,000 | 32,119,000 | 12,920,000 | 6,940,000 | 6,617,000 | 6,853,000 | 5,413,000 | 160,388,000 | 78,852,000 | 109,142,000 | 134,232,000 | 106,492,000 | 74,187,000 | 58,266,000 | 97,535,000 | 96,179,000 | 71,723,000 | 46,887,000 | 74,294,000 | 55,010,000 | 32,916,000 | 24,688,000 | ||||||||||||||||||||||
undesignated preferred stock, 0.001 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||
lease financing obligations, net of current portion | 183,056,000 | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive | -1,427,000 | -1,456,000 | -1,376,000 | -984,000 | -2,067,000 | -1,909,000 | -3,258,000 | |||||||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||
lease financing obligation, net of current portion | 184,055,000 | 141,025,000 | 82,580,000 | 82,580,000 | ||||||||||||||||||||||||||||||||||||||||
deferred revenue | 148,057,000 | 133,423,000 | 121,618,000 | 110,074,000 | 94,116,000 | 86,219,000 | 89,138,000 | 88,325,000 | 65,892,000 | 55,383,000 | 53,522,000 | 48,691,000 | 50,884,000 | 45,027,000 | 39,919,000 | |||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | -312,221,000 | -195,478,000 | -127,204,000 | 3,029,000 | 11,940,000 | 36,462,000 | 110,504,000 | 162,084,000 | 205,006,000 | 242,545,000 | 254,696,000 | 266,847,000 | ||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 1,299,638,000 | 1,287,268,000 | 1,226,446,000 | 1,138,140,000 | 751,478,000 | 742,123,000 | 684,119,000 | 663,968,000 | 667,427,000 | 694,581,000 | 601,344,000 | 543,985,000 | ||||||||||||||||||||||||||||||||
accumulated other comprehensive gain | -2,363,000 | -1,943,000 | -1,047,000 | -245,000 | 13,000 | |||||||||||||||||||||||||||||||||||||||
total stockholders' (deficit) equity | -48,329,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 1,213,403,000 | 761,683,000 | ||||||||||||||||||||||||||||||||||||||||||
lease financing obligation | 82,725,000 | 82,725,000 | 41,542,000 | 28,900,000 | 28,900,000 | 29,856,000 | ||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 79,384,000 | |||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
net loss | -105,000,000 | -116,000,000 | -99,000,000 | 15,000,000 | -113,000,000 | -128,000,000 | -74,000,000 | -42,000,000 | -248,000,000 | -174,000,000 | -163,000,000 | -46,000,000 | -355,000,000 | 273,877,000 | -285,865,000 | -330,222,000 | -272,035,000 | -181,938,000 | -200,389,000 | -143,845,000 | -151,726,000 | -100,734,000 | -107,775,000 | -72,771,000 | -76,429,000 | -38,875,000 | -56,539,000 | -43,956,000 | -60,940,000 | -48,274,000 | -41,205,000 | -15,495,000 | -15,478,000 | ||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 67,000,000 | 71,000,000 | 75,000,000 | 78,000,000 | 81,000,000 | 90,000,000 | 94,000,000 | 99,000,000 | 104,000,000 | 105,000,000 | 106,000,000 | 102,000,000 | 104,000,000 | 101,000,000 | 94,000,000 | 91,000,000 | 85,000,000 | 81,846,000 | 81,917,000 | 77,925,000 | 80,312,000 | 77,179,000 | 72,575,000 | 69,114,000 | 66,843,000 | 58,247,000 | 50,250,000 | 44,339,000 | 39,583,000 | 36,116,000 | 32,544,000 | 28,920,000 | 25,962,000 | 24,432,000 | 22,913,000 | 19,323,000 | 20,352,000 | 17,044,000 | 15,463,000 | 12,578,000 | 10,487,000 | 9,095,000 | 9,207,000 |
equity-based compensation expense | 67,000,000 | 83,000,000 | 88,000,000 | 100,000,000 | 64,000,000 | 86,000,000 | 95,000,000 | 95,000,000 | 119,000,000 | 158,000,000 | 139,000,000 | 164,000,000 | 144,000,000 | ||||||||||||||||||||||||||||||
amortization of debt discount and issuance costs | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||
impairment and other related net charges | 0 | 0 | 0 | 23,000,000 | 35,000,000 | 1,000,000 | 0 | 0 | 1,000,000 | 13,000,000 | |||||||||||||||||||||||||||||||||
loss on debt extinguishment | 43,000,000 | 165,000,000 | |||||||||||||||||||||||||||||||||||||||||
other non-cash adjustments | -9,000,000 | -15,000,000 | -11,000,000 | 20,000,000 | 12,000,000 | 4,000,000 | 3,000,000 | -7,000,000 | -1,000,000 | 21,000,000 | -12,000,000 | 28,000,000 | 4,000,000 | 3,517,000 | 1,985,000 | 2,198,000 | -1,700,000 | 573,000 | 12,596,000 | 102,000 | -633,000 | -32,000 | -64,000 | -221,000 | -1,374,000 | -233,000 | 44,000 | 22,000 | 111,000 | 285,000 | 45,000 | 1,114,000 | -246,000 | 465,000 | -542,000 | 564,000 | -156,000 | 1,632,000 | 646,000 | ||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -26,000,000 | -4,000,000 | -16,000,000 | 33,000,000 | 16,000,000 | -1,000,000 | 3,000,000 | -46,000,000 | 9,000,000 | -8,000,000 | -4,000,000 | 53,000,000 | 91,000,000 | 65,000,000 | -27,000,000 | -41,000,000 | -45,000,000 | -60,432,000 | -37,909,000 | -22,187,000 | 2,528,000 | 165,000 | 9,802,000 | -8,477,000 | -16,216,000 | -23,878,000 | 2,344,000 | -16,083,000 | -11,570,000 | -9,635,000 | -6,215,000 | -2,952,000 | 6,010,000 | -9,475,000 | -3,974,000 | -2,072,000 | -2,651,000 | -2,444,000 | -2,555,000 | -2,277,000 | -1,941,000 | -201,000 | |
inventories | -7,000,000 | -1,000,000 | 18,000,000 | 3,000,000 | -14,000,000 | 5,000,000 | -3,000,000 | 3,000,000 | -7,000,000 | 5,000,000 | -2,000,000 | 5,000,000 | 8,000,000 | 14,000,000 | -6,000,000 | -18,000,000 | -11,000,000 | -2,177,000 | -7,365,000 | 276,000 | -7,734,000 | 2,345,000 | -11,226,000 | 13,805,000 | 5,023,000 | 7,085,000 | -23,256,000 | -1,887,000 | 2,427,000 | -10,562,000 | -5,016,000 | 3,750,000 | -6,491,000 | -9,416,000 | -3,987,000 | -145,000 | 4,094,000 | 635,000 | -1,792,000 | 366,000 | 2,142,000 | 2,647,000 | |
prepaid expenses and other assets | -20,000,000 | -7,000,000 | -3,000,000 | 7,000,000 | -8,000,000 | -23,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||||
accounts payable and other liabilities | -63,000,000 | 39,000,000 | 2,000,000 | 7,000,000 | -143,000,000 | 91,000,000 | -64,000,000 | 163,000,000 | -152,000,000 | ||||||||||||||||||||||||||||||||||
net cash from operating activities | -52,000,000 | 202,000,000 | 155,000,000 | 273,000,000 | -96,000,000 | 162,000,000 | 49,000,000 | 245,000,000 | -139,000,000 | 158,000,000 | 121,000,000 | 217,000,000 | -147,000,000 | 98,000,000 | -431,000,000 | 331,027,000 | 1,135,251,000 | -256,290,000 | -36,295,000 | -76,441,000 | -2,734,000 | -81,348,000 | 42,530,000 | 7,804,000 | 47,604,000 | -13,077,000 | 36,879,000 | 24,752,000 | 18,101,000 | -46,098,000 | 73,494,000 | 15,621,000 | 24,903,000 | -51,204,000 | 90,366,000 | ||||||||
capital expenditures | -25,000,000 | -25,000,000 | -27,000,000 | -13,000,000 | -5,000,000 | -20,000,000 | -17,000,000 | -23,000,000 | -13,000,000 | -47,000,000 | -30,000,000 | -37,000,000 | -22,000,000 | -70,000,000 | -65,000,000 | -37,142,000 | -56,301,000 | -14,469,000 | -80,621,000 | -39,859,000 | -52,598,000 | -57,483,000 | -43,838,000 | -54,354,000 | -28,994,000 | -16,636,000 | -24,645,000 | -35,701,000 | -31,144,000 | -428,000 | -19,271,000 | -22,959,000 | -48,400,000 | -4,741,000 | -5,331,000 | ||||||||
free cash flows | -77,000,000 | 177,000,000 | 128,000,000 | 260,000,000 | -101,000,000 | 142,000,000 | 32,000,000 | 222,000,000 | -152,000,000 | 111,000,000 | 91,000,000 | 180,000,000 | -169,000,000 | 28,000,000 | -496,000,000 | 293,885,000 | 1,078,950,000 | -270,759,000 | -116,916,000 | -116,300,000 | -55,332,000 | -138,831,000 | -1,308,000 | -46,550,000 | 18,610,000 | -29,713,000 | 12,234,000 | -10,949,000 | -13,043,000 | -46,526,000 | 54,223,000 | -7,338,000 | -23,497,000 | -55,945,000 | 85,035,000 | ||||||||
cash flows for investing activities: | |||||||||||||||||||||||||||||||||||||||||||
purchase of short- and long-term investments | -5,000,000 | -39,000,000 | -21,000,000 | -37,000,000 | -18,000,000 | -30,000,000 | 1,000,000 | -2,000,000 | -36,000,000 | -32,000,000 | -10,000,000 | -18,000,000 | -176,000,000 | -226,000,000 | -214,292,000 | -162,081,000 | -272,299,000 | -340,328,000 | -461,676,000 | ||||||||||||||||||||||||
sale and maturities of short- and long-term investments | 13,000,000 | 27,000,000 | 16,000,000 | 14,000,000 | 44,000,000 | 6,000,000 | 6,000,000 | 12,000,000 | 15,000,000 | 4,000,000 | 4,000,000 | 74,000,000 | 151,000,000 | 339,000,000 | 103,000,000 | 317,000,000 | 130,000,000 | 47,909,000 | 150,960,000 | 356,728,000 | 193,403,000 | 98,000,000 | 73,500,000 | 294,810,000 | |||||||||||||||||||
purchase of property and equipment | -25,000,000 | -25,000,000 | -27,000,000 | -13,000,000 | -5,000,000 | -20,000,000 | -17,000,000 | -23,000,000 | -13,000,000 | -47,000,000 | -30,000,000 | -37,000,000 | -34,000,000 | -50,000,000 | -43,000,000 | -53,000,000 | -40,000,000 | -23,407,000 | -28,521,000 | -24,624,000 | -24,448,000 | -39,737,000 | -41,493,000 | -44,846,000 | -59,964,000 | -87,774,000 | -68,628,000 | -54,714,000 | -60,626,000 | -48,701,000 | -49,411,000 | -39,730,000 | -21,363,000 | -23,923,000 | -30,980,000 | -33,596,000 | -11,952,000 | -14,863,000 | -20,408,000 | -37,509,000 | -23,927,000 | -7,953,000 | |
site and software development costs | -29,000,000 | -32,000,000 | -35,000,000 | -30,000,000 | -38,000,000 | -40,000,000 | -41,000,000 | -39,000,000 | -41,000,000 | -49,000,000 | -49,000,000 | -52,000,000 | -53,000,000 | -67,000,000 | -64,000,000 | -76,000,000 | -65,000,000 | -50,366,000 | -43,798,000 | -43,878,000 | -40,958,000 | -38,716,000 | -34,506,000 | -36,803,000 | -38,369,000 | -34,441,000 | -35,831,000 | -34,023,000 | -24,843,000 | -16,981,000 | -17,196,000 | -15,419,000 | -13,154,000 | -11,543,000 | -12,235,000 | -11,730,000 | -10,920,000 | -9,935,000 | -9,181,000 | -6,812,000 | -5,451,000 | -4,429,000 | |
net cash from investing activities | -46,000,000 | -69,000,000 | -67,000,000 | -66,000,000 | -17,000,000 | -84,000,000 | -51,000,000 | -52,000,000 | -75,000,000 | -122,000,000 | -79,000,000 | -15,000,000 | 64,000,000 | 212,000,000 | -22,000,000 | 2,007,000 | -8,149,000 | 196,353,000 | -675,663,000 | -89,905,000 | -44,574,000 | -44,695,000 | -149,570,000 | -47,430,000 | -39,893,000 | -23,394,000 | -31,823,000 | -51,015,000 | -26,675,000 | -20,822,000 | 1,298,000 | -22,319,000 | -46,612,000 | -28,247,000 | -28,494,000 | ||||||||
cash flows (for) from financing activities: | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of debt, net of issuance costs | 692,000,000 | 0 | 0 | 691,000,000 | |||||||||||||||||||||||||||||||||||||||
payments to extinguish debt | -99,000,000 | -375,000,000 | -198,000,000 | -191,000,000 | -551,000,000 | ||||||||||||||||||||||||||||||||||||||
settlement of long-term debt | -250,000,000 | ||||||||||||||||||||||||||||||||||||||||||
payments of taxes related to net share settlement of equity awards | -29,000,000 | -35,000,000 | -45,000,000 | ||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -378,000,000 | 174,000,000 | -243,000,000 | -200,000,000 | 140,000,000 | -72,000,000 | 0 | 0 | 0 | -99,941,000 | -75,114,000 | 427,518,000 | 100,125,000 | -703,000 | 788,342,000 | -246,000 | -889,000 | 468,456,000 | -432,000 | -199,000 | -362,000 | -254,000 | 376,315,000 | -552,000 | -538,000 | -2,623,000 | -6,016,000 | -5,674,000 | -6,570,000 | -6,091,000 | |||||||||||||
effect of exchange rate changes on cash and cash equivalents | 4,000,000 | -2,000,000 | 0 | 3,000,000 | 9,000,000 | -1,000,000 | -3,000,000 | -4,000,000 | -7,494,000 | -2,038,000 | 610,000 | -7,078,000 | 5,985,000 | 3,548,000 | 2,370,000 | 1,540,000 | 29,000 | -1,722,000 | 305,000 | -169,000 | -591,000 | -758,000 | -86,000 | -101,000 | 437,000 | -141,000 | 528,000 | 26,000 | -673,000 | 759,000 | -1,116,000 | 643,000 | -295,000 | ||||||||||
net increase in cash, cash equivalents and restricted cash | -472,000,000 | -12,000,000 | 18,000,000 | 20,000,000 | -8,000,000 | 35,000,000 | |||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||||||||
beginning of period | 1,476,000,000 | 0 | 0 | 1,320,000,000 | 0 | 0 | 1,326,000,000 | 0 | 0 | 1,050,000,000 | 0 | 0 | 1,706,000,000 | 0 | 0 | 2,129,440,000 | 0 | 0 | 582,753,000 | 0 | 0 | 849,461,000 | 0 | 0 | 558,960,000 | 0 | 0 | 279,840,000 | 0 | 0 | 334,176,000 | 0 | |||||||||||
end of period | 1,004,000,000 | -155,000,000 | -12,000,000 | 1,338,000,000 | -8,000,000 | 197,000,000 | 1,111,000,000 | 42,000,000 | 279,000,000 | 970,000,000 | -363,000,000 | -106,000,000 | 1,200,000,000 | -213,630,000 | -8,033,000 | 2,086,484,000 | 261,468,000 | 1,556,990,000 | 624,481,000 | 620,274,000 | -47,249,000 | 722,360,000 | -40,816,000 | 7,426,000 | 522,026,000 | 349,911,000 | -8,598,000 | 212,408,000 | -11,955,000 | -28,499,000 | 248,798,000 | 42,116,000 | |||||||||||
cash flows from operating activities | -130,848,000 | ||||||||||||||||||||||||||||||||||||||||||
gain on lease modification | |||||||||||||||||||||||||||||||||||||||||||
cash flows for investing activities | |||||||||||||||||||||||||||||||||||||||||||
other investing activities | -200,000 | 0 | 0 | 0 | -124,000 | 410,000 | -18,750,000 | -65,000 | 2,838,000 | 1,000 | -132,000 | 0 | -267,000 | 0 | -4,999,000 | 0 | |||||||||||||||||||||||||||
premiums paid for capped call confirmations | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
payment of principal upon maturity of debt | |||||||||||||||||||||||||||||||||||||||||||
unwind of capped calls | |||||||||||||||||||||||||||||||||||||||||||
beginning of year | |||||||||||||||||||||||||||||||||||||||||||
end of year | |||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||
other financing activities | 0 | 0 | -552,000 | -2,504,000 | 11,000 | 45,000 | 60,000 | ||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -215,000,000 | ||||||||||||||||||||||||||||||||||||||||||
cash flows for operating activities: | |||||||||||||||||||||||||||||||||||||||||||
gain on debt extinguishment | -6,000,000 | -25,000,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | -19,000,000 | -9,000,000 | 14,000,000 | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||
cash flows from (for) operating activities: | |||||||||||||||||||||||||||||||||||||||||||
cash flows (for) from investing activities: | |||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | 0 | 0 | -75,000,000 | 208,000 | 0 | -300,020,000 | -188,000 | -100,001,000 | ||||||||||||||||||||||||||||||||||
amortization of discount and issuance costs on convertible notes | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 1,127,000 | 1,904,000 | 1,897,000 | 2,072,000 | 56,063,000 | 31,737,000 | 26,961,000 | 19,527,000 | 21,374,000 | 17,722,000 | 10,559,000 | 12,456,000 | 8,886,000 | 4,346,000 | 5,072,000 | 4,281,000 | 4,956,000 | |||||||||||||||
proceeds from issuance of convertible notes, net of issuance costs | 0 | 0 | 0 | 0 | 1,500,335,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||
payments to extinguish convertible debt | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from (used) in operating activities: | |||||||||||||||||||||||||||||||||||||||||||
cash flows from (for) financing activities: | |||||||||||||||||||||||||||||||||||||||||||
payment of principal upon maturity of convertible debt | 0 | ||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 28,000,000 | -30,000,000 | 19,000,000 | -13,000,000 | 35,000,000 | 24,000,000 | -20,000,000 | 9,982,000 | 13,800,000 | 12,488,000 | -64,270,000 | 31,796,000 | 21,241,000 | -122,098,000 | 7,802,000 | -2,942,000 | -7,216,000 | -11,897,000 | -10,535,000 | -27,819,000 | -15,022,000 | -5,136,000 | -17,218,000 | -11,348,000 | 3,444,000 | -3,020,000 | -28,200,000 | -3,686,000 | -843,000 | -3,007,000 | -8,643,000 | -1,094,000 | |||||||||||
other assets | -1,000,000 | 4,843,000 | -580,000 | -3,430,000 | -1,144,000 | -326,000 | 914,000 | 24,000 | 591,000 | -596,000 | -620,000 | -704,000 | -1,321,000 | -5,374,000 | -1,226,000 | -236,000 | -1,280,000 | -1,031,000 | -62,000 | -55,000 | 294,000 | -2,285,000 | 425,000 | -432,000 | -111,000 | ||||||||||||||||||
accounts payable and other current liabilities | 12,000,000 | 53,000,000 | -171,000,000 | 117,000,000 | -276,000,000 | 8,000,000 | -26,000,000 | 142,234,000 | -189,941,000 | -1,709,000 | 58,416,000 | ||||||||||||||||||||||||||||||||
other liabilities | 0 | 13,000,000 | -1,000,000 | 8,475,000 | -5,251,000 | -4,656,000 | 5,432,000 | ||||||||||||||||||||||||||||||||||||
cash flows from (for) investing activities: | |||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -159,381,000 | -213,630,000 | -8,033,000 | -42,956,000 | -313,499,000 | 261,468,000 | 1,556,990,000 | 41,728,000 | -712,632,000 | 5,239,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents: | |||||||||||||||||||||||||||||||||||||||||||
cash flows for financing activities: | |||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -80,000,000 | -363,000,000 | -106,000,000 | -506,000,000 | -47,249,000 | -127,101,000 | -40,816,000 | 7,426,000 | -36,934,000 | -8,598,000 | -67,432,000 | -11,955,000 | -28,499,000 | -85,378,000 | |||||||||||||||||||||||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||||||||||||||||||
cash paid for interest on long-term debt | 20,000,000 | 1,000,000 | 13,000,000 | 4,000,000 | 9,000,000 | 8,257,000 | 4,749,000 | 3,219,000 | 10,775,000 | 3,234,000 | 5,492,000 | 3,234,000 | 5,447,000 | 3,235,000 | 808,000 | 2,911,000 | 809,000 | 0 | 808,000 | 0 | 746,000 | ||||||||||||||||||||||
purchase of property and equipment included in accounts payable and other liabilities | 12,000,000 | -20,000,000 | -22,000,000 | ||||||||||||||||||||||||||||||||||||||||
cash flows (for) from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
net income | -351,000,000 | -283,000,000 | -378,000,000 | -319,000,000 | -201,641,000 | -78,021,000 | 130,428,000 | 18,234,000 | 23,818,000 | ||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings | 0 | 0 | 100,000,000 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||
repayment of borrowings | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
non-cash impact to equity upon conversion of convertible notes, net of taxes | |||||||||||||||||||||||||||||||||||||||||||
adjustments used to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
equity-based compensation | 122,000,000 | 129,000,000 | 104,000,000 | 106,927,000 | 83,190,000 | 79,359,000 | 74,524,000 | 79,009,000 | 70,118,000 | 67,632,000 | 59,449,000 | 65,437,000 | |||||||||||||||||||||||||||||||
impairment and other related charges | |||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||
premiums paid for capped calls | |||||||||||||||||||||||||||||||||||||||||||
net cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||
impairment and other charges | |||||||||||||||||||||||||||||||||||||||||||
adjustments used to reconcile net income to net cash flows (for) from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
loss on impairment | -212,000 | 0 | 0 | 12,212,000 | |||||||||||||||||||||||||||||||||||||||
net cash flows (for) from operating activities | -226,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net cash flows for investing activities | -201,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net cash flows for financing activities | -75,000,000 | ||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment included in accounts payable and accrued expenses and in other liabilities | 39,000,000 | -4,710,000 | 711,000 | 25,986,000 | 4,351,000 | -11,455,000 | 45,495,000 | 7,153,000 | 28,769,000 | 2,116,000 | 3,143,000 | 4,863,000 | -4,943,000 | 10,736,000 | 4,727,000 | -722,000 | -4,721,000 | 2,452,000 | 11,524,000 | -4,408,000 | -2,551,000 | -10,891,000 | 19,186,000 | 2,622,000 | -3,676,000 | ||||||||||||||||||
adjustments to reconcile net income to net cash flows from (for) operating activities | |||||||||||||||||||||||||||||||||||||||||||
net cash flows from (for) operating activities | |||||||||||||||||||||||||||||||||||||||||||
net cash flows (for) from financing activities | |||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
net cash (for) from investing activities | -78,240,000 | 15,927,000 | -212,331,000 | ||||||||||||||||||||||||||||||||||||||||
net cash (for) from financing activities | -2,504,000 | -300,009,000 | -143,000 | ||||||||||||||||||||||||||||||||||||||||
issuance of common stock for conversion of convertible debt | 410,000 | 14,396,000 | 250,428,000 | ||||||||||||||||||||||||||||||||||||||||
adjustments used to reconcile net income to net cash from (for) operating activities: | |||||||||||||||||||||||||||||||||||||||||||
net cash from (for) operating activities | 176,596,000 | ||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from (for) operating activities | |||||||||||||||||||||||||||||||||||||||||||
sale and maturities of short-and long-term investments | |||||||||||||||||||||||||||||||||||||||||||
net cash for investing activities | |||||||||||||||||||||||||||||||||||||||||||
non-cash impact to equity upon conversion of convertible debt, net of taxes | |||||||||||||||||||||||||||||||||||||||||||
cash paid for interest on finance lease obligations | |||||||||||||||||||||||||||||||||||||||||||
construction costs capitalized under finance lease obligations and other leases | |||||||||||||||||||||||||||||||||||||||||||
adjustments used to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | -13,451,000 | 484,289,000 | -114,623,000 | 114,539,000 | 87,175,000 | 81,980,000 | 46,631,000 | 97,331,000 | 91,990,000 | 61,685,000 | 34,058,000 | 59,492,000 | 44,829,000 | 22,275,000 | -22,412,000 | 72,570,000 | 43,695,000 | 38,845,000 | -29,097,000 | 75,515,000 | 57,902,000 | ||||||||||||||||||||||
unearned revenue and other liabilities | -35,205,000 | 329,132,000 | 2,379,000 | 53,506,000 | 7,468,000 | 19,847,000 | -4,933,000 | ||||||||||||||||||||||||||||||||||||
issuance of common stock for conversion of convertible debt, net of taxes | |||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||
taxes paid related to net share settlement of equity awards | -726,000 | -1,086,000 | -259,000 | -165,000 | -187,000 | -462,000 | -244,000 | -391,000 | -285,000 | -25,000 | -660,000 | -592,000 | -2,666,000 | -6,052,000 | -5,753,000 | -6,621,000 | -6,212,000 | ||||||||||||||||||||||||||
deferred financing costs | 0 | 0 | 0 | -791,000 | |||||||||||||||||||||||||||||||||||||||
net proceeds from exercise of stock options | 95,000 | 125,000 | 23,000 | 10,000 | 13,000 | 67,000 | 34,000 | 30,000 | 45,000 | 29,000 | 31,000 | 51,000 | 108,000 | 54,000 | 43,000 | 36,000 | 79,000 | 51,000 | 121,000 | 102,000 | |||||||||||||||||||||||
sale and maturities of short-term investments | 0 | 33,304,000 | 44,228,000 | 37,936,000 | 15,113,000 | 19,309,000 | 15,256,000 | 11,390,000 | 10,555,000 | 14,505,000 | 27,760,000 | 18,275,000 | 37,750,000 | 14,165,000 | 38,275,000 | 29,620,000 | 54,881,000 | 41,715,000 | |||||||||||||||||||||||||
cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information | |||||||||||||||||||||||||||||||||||||||||||
construction costs capitalized under finance lease obligation and other leases | 10,265,000 | 25,820,000 | 28,323,000 | 31,123,000 | 6,462,000 | 1,302,000 | 8,389,000 | ||||||||||||||||||||||||||||||||||||
equity based compensation | 53,187,000 | 47,060,000 | 39,416,000 | 33,935,000 | 29,813,000 | 24,400,000 | 21,100,000 | 18,278,000 | 14,833,000 | 13,629,000 | 14,214,000 | 14,726,000 | 10,747,000 | 9,715,000 | 9,274,000 | 7,507,000 | |||||||||||||||||||||||||||
deferred revenue and other liabilities | 54,196,000 | 28,298,000 | 28,390,000 | 23,821,000 | 30,904,000 | 19,790,000 | 4,730,000 | 25,930,000 | 18,358,000 | 10,694,000 | 14,936,000 | 7,926,000 | 9,104,000 | 7,344,000 | |||||||||||||||||||||||||||||
purchase of short-term and long-term investments | -6,912,000 | -22,305,000 | -9,109,000 | -16,225,000 | -11,654,000 | -7,403,000 | -40,566,000 | -28,489,000 | -65,994,000 | ||||||||||||||||||||||||||||||||||
cash received from the sale of a business, net of cash sold | |||||||||||||||||||||||||||||||||||||||||||
gain on sale of a business | 0 | ||||||||||||||||||||||||||||||||||||||||||
cash received from the sale of a business | 0 | ||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing activities | |||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of series b convertible redeemable preferred units | |||||||||||||||||||||||||||||||||||||||||||
repurchase of common units | |||||||||||||||||||||||||||||||||||||||||||
dividends paid to series a convertible redeemable preferred holders | |||||||||||||||||||||||||||||||||||||||||||
repurchase of employee equity | |||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering, net of fees | |||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing activities | |||||||||||||||||||||||||||||||||||||||||||
accretion of preferred unit dividends | |||||||||||||||||||||||||||||||||||||||||||
construction costs capitalized under finance lease obligations | 21,624,000 | -4,975,000 | 13,077,000 | 18,608,000 | 8,522,000 | ||||||||||||||||||||||||||||||||||||||
cash paid for acquisition | |||||||||||||||||||||||||||||||||||||||||||
issuance of common units in connection with acquisition | |||||||||||||||||||||||||||||||||||||||||||
net (decrease) in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of series b convertible redeemable preferred units | |||||||||||||||||||||||||||||||||||||||||||
dividends paid to series a convertible redeemable preferred | |||||||||||||||||||||||||||||||||||||||||||
net cash (used in) provided by financing activities | |||||||||||||||||||||||||||||||||||||||||||
net (decrease) increase in cash and cash equivalents |