Wayfair Inc. W Cash Flow

Wayfair inc. (W)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Cash flows from operating activities:
Net loss
-984,584	-504,080	-244,614	-194,375	-77,443	-148,098	-15,526	-21,055
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization
192,419	123,542	87,020	55,572	32,446	22,003	13,091	9,335
Equity-based compensation
227,451	127,564	67,840	49,402	31,015	60,809	0	-
Gain on sale of a business
-	-	-	-	2,997	0	0	-
Amortization of discount and issuance costs on convertible notes
62,111	22,585	5,830	0	0	-	-	-
Other non-cash adjustments
1,691	56	-1,198	-331	-3,027	-570	-121	-110
Changes in operating assets and liabilities:
Accounts receivable, net
49,187	12,792	18,172	9,217	4,033	-1,741	-8,112	8,234
Inventories
15,631	18,319	9,454	-1,351	131	4,835	6,630	2,497
Prepaid expenses and other current assets
32,590	65,195	39,124	16,179	29,513	20,143	9,159	2,431
Accounts payable and accrued expenses
330,325	285,064	104,184	126,013	135,855	59,521	40,853	25,939
Unearned revenue and other liabilities
75,888	134,705	81,354	51,914	47,031	32,616	4,195	3,041
Other assets
1,329	8,157	2,428	1,998	136	59	644	263
Net cash used in operating activities
-196,818	84,861	33,634	62,814	135,121	4,125	34,413	3,945
Cash flows from investing activities:
Sale and maturities of short- and long-term investments
115,468	61,068	71,095	119,810	133,596	125,019	65,998	58,065
Purchase of short- and long-term investments
553,858	99,002	54,551	88,112	207,303	135,000	93,000	66,065
Purchase of property and equipment
271,742	159,205	100,451	96,707	44,648	31,855	6,739	8,031
Site and software development costs
129,138	62,750	46,428	31,379	17,536	14,130	9,040	6,949
Cash received from the sale of a business, net of cash sold
-	-	-	1,508	2,860	0	0	-
Cash paid for acquisition
-	-	-	-	-	-	3,741	-
Other investing activities, net
15,567	398	0	1,000	4,697	-531	469	100
Net cash provided by (used in) investing activities
-854,837	-260,287	-130,335	-95,880	-137,728	-55,435	-46,991	-23,080
Cash flows from financing activities:
Proceeds from issuance of convertible notes, net of issuance costs
935,146	562,047	420,449	0	0	-	-	-
Premiums paid for capped call confirmations
145,728	93,438	44,160	0	0	-	-	-
Taxes paid related to net share settlement of equity awards
2,236	1,284	1,562	21,092	19,111	27,985	0	-
Deferred financing costs
791	0	0	-	-	-	-	-
Net proceeds from exercise of stock options
113	138	244	209	495	12	0	-
Escrow proceeds from the issuance of Series A convertible redeemable preferred units in 2011
-	-	-	-	-	-	-	8,080
Repurchase of common units
-	-	-	-	-	23,500	0	-
Dividends paid to Series A convertible redeemable preferred holders
-	-	-	-	-	39,516	0	-
Repurchase of employee equity
-	-	-	-	-	5,528	0	-
Proceeds from initial public offering, net of fees
-	-	-	-	-	282,893	0	-
Net cash provided by (used in) financing activities
786,504	467,463	374,971	-20,883	-18,616	341,150	0	44,944
Effect of exchange rate changes on cash and cash equivalents
-1,557	-1,536	850	-387	-460	730	6	25
Net increase (decrease) in cash and cash equivalents
-266,708	290,501	279,120	-54,336	-21,683	290,570	-12,572	25,834
Income tax payments
-	-	-	-	-	-	-	17
Tax distribution receivable
-	-	-	-	-	-	-	154
Supplemental cash flow information:
Cash paid for interest on long-term debt
7,763	1,554	0	0	-	-	-	700
Cash paid for interest on finance lease obligations
0	9,058	0	0	-	-	-	-
Purchase of property and equipment included in accounts payable and accrued expenses and in other liabilities
41,181	15,383	8,533	1,336	5,258	7,567	0	-
Construction costs capitalized under finance lease obligations and other leases
0	125,796	47,276	53,894	27,295	3,960	0	-
Issuance of common units in connection with acquisition
-	-	-	-	-	-	1,194	-
Accretion of preferred unit dividends
-	-	-	-	-	2,071	25,388	12,154