Company name:
Wayfair Inc
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IPO SHARE PRICE:$29.00
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IPO DATE:02 October 2014
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TICKER:W
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:4 Copley Place Boston MA 02116
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Wayfair Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
46.6%
10.1%
6.4%
Selected Quarter:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
66.6%
46.6% —
Cash and cash equivalents
10.1% —
Short-term passive investments
6.4% —
Prepaid expenses and other current assets
2.4% —
Accounts Receivable
1.1% —
Inventory
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$722,360 | $675,111 | $1,295,385 | $582,753 | $624,481 | $2,181,471 | $2,442,939 | $2,129,440 | ||||||||||||||
| Short-term passive investments | 83,302 | 39,342 | 6,049 | 404,252 | 266,497 | 192,746 | 113,985 | 461,698 | ||||||||||||||
| Accounts Receivable | 60,596 | 77,295 | 75,677 | 99,720 | 110,259 | 118,984 | 109,652 | 110,299 | ||||||||||||||
| Inventory | 43,643 | 45,611 | 68,622 | 61,692 | 56,574 | 42,841 | 54,241 | 52,152 | ||||||||||||||
| Prepaid expenses and other current assets | 207,931 | 219,541 | 224,968 | 228,721 | 220,400 | 342,985 | 322,649 | 292,213 | ||||||||||||||
| Total current assets | $1,117,832 | $1,056,900 | $1,670,701 | $1,377,138 | $1,278,211 | $2,879,027 | $3,043,466 | $3,045,802 |
15.0%
17.7%
Selected Quarter:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
33.4%
17.7% —
Operating lease - right-of-use assets
15.0% —
Property and equipment net
0.7% —
Other non-current assets
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| Long-term passive investments | - | - | - | 155,690 | - | - | - | - | ||||||||||||||
| Property and equipment net | 430,548 | 480,492 | 547,056 | 624,544 | 661,216 | 667,456 | 682,057 | 684,306 | ||||||||||||||
| Operating lease - right-of-use assets | 552,033 | 630,731 | 756,716 | 763,400 | 780,118 | 802,456 | 802,369 | 808,375 | ||||||||||||||
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Goodwill and intangible assets
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700 | 560 | 19,211 | 18,809 | 18,408 | 18,007 | 17,605 | - | ||||||||||||||
| Other non-current assets | 12,752 | 13,417 | 13,951 | 32,276 | 13,468 | 12,550 | 12,943 | 31,446 | ||||||||||||||
| Total non-current assets | 996,033 | 1,125,200 | 1,336,934 | 1,575,910 | 1,473,210 | 1,500,469 | 1,514,974 | 1,524,127 |
| Total assets | $2,113,865 | $2,182,100 | $3,007,635 | $2,953,048 | $2,751,421 | $4,379,496 | $4,558,440 | $4,569,929 |
22.1%
25.3%
58.2%
19.0%
15.3%
Selected Quarter:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
47.4%
25.3% —
Accounts payable
22.1% —
Other current liabilities
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| Accounts payable | $705,974 | $779,938 | $814,439 | $908,097 | $838,300 | $1,270,495 | $1,236,895 | $1,156,624 | ||||||||||||||
| Accrued expenses | 207,206 | 218,607 | 267,351 | 298,918 | 255,347 | 299,714 | 328,694 | - | ||||||||||||||
| Current portion of deferred revenue | - | - | - | - | - | - | - | - | ||||||||||||||
| Unearned revenue | 146,460 | 155,811 | 151,367 | 167,641 | 164,122 | 333,781 | 318,175 | - | ||||||||||||||
| Other current liabilities | 170,173 | 179,155 | 200,502 | 703,422 | 236,158 | 379,431 | 333,589 | 1,008,970 | ||||||||||||||
| Total current liabilities | $1,229,813 | $1,333,511 | $1,433,659 | $1,611,519 | $1,493,927 | $2,283,421 | $2,217,353 | $2,165,594 |
Selected Quarter:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
78.7%
58.2% —
Long-term debt
19.0% —
Operating leases
1.5% —
Other non-current liabilities
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Long-term debt
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750,156 | 761,604 | 1,435,927 | 1,456,195 | 1,577,069 | 1,988,213 | 2,862,135 | 2,659,243 | ||||||||||||||
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Operating leases
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607,630 | 685,489 | 813,861 | 822,602 | 838,906 | 863,135 | 867,711 | 869,958 | ||||||||||||||
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Lease financing obligations
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- | - | - | - | - | - | - | - | ||||||||||||||
| Other non-current liabilities | 5,413 | 6,853 | 6,617 | 6,940 | 12,920 | 32,119 | 70,827 | 67,031 | ||||||||||||||
| Total long-term liabilities | $1,363,199 | $1,453,946 | $2,256,405 | $2,285,737 | $2,428,895 | $2,883,467 | $3,800,673 | $3,596,232 |
| Total Liabilities | $2,593,012 | $2,787,457 | $3,690,064 | $3,897,256 | $3,922,822 | $5,166,888 | $6,018,026 | $5,761,826 |
Selected Quarter:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
-26.1%
15.3% —
Additional paid-in capital
0.0% —
Common stock Class A
0.0% —
Common stock Class B
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Convertible redeemable preferred units Series A
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- | - | - | - | - | - | - | - | ||||||||||||||
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Convertible redeemable preferred units Series B
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- | - | - | - | - | - | - | - | ||||||||||||||
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Convertible preferred stock
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- | - | - | - | - | - | - | - | ||||||||||||||
| Common units | - | - | - | - | - | - | - | - | ||||||||||||||
| Common stock Class A | 64 | 65 | 66 | 67 | 67 | 68 | 69 | 73 | ||||||||||||||
| Common stock Class B | 28 | 28 | 27 | 27 | 27 | 27 | 27 | 27 | ||||||||||||||
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Accumulated deficit
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(1,281,228) | (1,463,166) | (1,735,201) | (2,065,423) | (2,356,811) | (2,082,934) | (1,909,768) | (1,885,950) | ||||||||||||||
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Additional paid-in capital
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802,973 | 859,092 | 1,054,135 | 1,122,548 | 1,184,674 | 1,295,971 | 452,111 | 698,482 | ||||||||||||||
| Accumulated other comprehensive (loss) income | (984) | (1,376) | (1,456) | (1,427) | 642 | - | - | - | ||||||||||||||
| Accumulated other comprehensive loss | - | - | - | (1,427) | - | (524) | (2,025) | (4,529) | ||||||||||||||
| Total Equity | ($479,147) | ($605,357) | ($682,429) | ($944,208) | ($1,171,401) | ($787,392) | ($1,459,586) | ($1,191,897) |
| Total Liabilities and Equity | $2,113,865 | $2,182,100 | $3,007,635 | $2,953,048 | $2,751,421 | $4,379,496 | $4,558,440 | $4,569,929 |