10-Q Filing

CHEWY, INC. CIK: 1766502 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001766502-19-000007`
Period End Date	20190430
Filing Date	20190719
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	chwy-20190505.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 26 Cash Flow Statement 55 Stockholders Equity 18

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Voting common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Voting common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Voting common stock authorized (in shares)	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Voting common stock authorized (in shares)	`CommonStockSharesAuthorized`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.33M	USD	Point-in-time
Voting common stock issued (in shares)	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Voting common stock issued (in shares)	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Voting common stock outstanding (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Voting common stock outstanding (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$48.74M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$58.98M	USD	Point-in-time
Inventories	`InventoryNet`	$254.14M	USD	Point-in-time
Inventories	`InventoryNet`	$220.85M	USD	Point-in-time
Due from Parent, net	`DueFromRelatedPartiesCurrent`	$78.71M	USD	Point-in-time
Due from Parent, net	`DueFromRelatedPartiesCurrent`	$74.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.05M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$448.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$430.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$91.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$93.54M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$157.14M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.50M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.35M	USD	Point-in-time
Total assets	`Assets`	$541.62M	USD	Point-in-time
Total assets	`Assets`	$682.31M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$519.60M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$502.88M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$309.05M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$311.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$814.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$828.65M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$177.64M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$63.53M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$33.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$877.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.04B	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Voting common stock, $0.01 par value per share, 1,000 shares authorized, 100 shares issued and outstanding as of May 5, 2019 and February 3, 2019	`CommonStockValue`	-	USD	Point-in-time
Voting common stock, $0.01 par value per share, 1,000 shares authorized, 100 shares issued and outstanding as of May 5, 2019 and February 3, 2019	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.26B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.26B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.62B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.59B	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-335.94M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-83.70M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-357.94M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-139.92M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$541.62M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$682.31M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$763.46M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.11B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$613.47M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$854.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$149.99M	USD	1 Quarter
Gross profit	`GrossProfit`	$253.89M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$181.90M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$123.15M	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$102.26M	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$86.66M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$209.81M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$284.16M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-59.83M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-30.27M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$10.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$716.00K	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.55M	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-59.81M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.81M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-29.55M	USD	1 Quarter
Net loss per share attributable to common stockholders, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per share attributable to common stockholders, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Weighted average common shares used in computing net loss per share attributable to common stockholders, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	393.00M	shares	1 Quarter
Weighted average common shares used in computing net loss per share attributable to common stockholders, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	393.00M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-59.81M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-29.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.95M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$3.27M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$7.23M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortization`	$4.01M	USD	1 Quarter
Amortization of deferred rent	`AmortizationOfDeferredRent`	$2.20M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.82M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-7.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.25M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.25M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$33.28M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$32.54M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-828.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.09M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-487.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$159.00K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$34.32M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$16.72M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.76M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-11.19M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-2.12M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.76M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.78M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-51.14M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.27M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$13.46M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$12.22M	USD	1 Quarter
Cash advances provided to Parent	`OriginationOfAdvancesFromRelatedParties`	$115.00K	USD	1 Quarter
Cash advances provided to Parent	`OriginationOfAdvancesFromRelatedParties`	$11.49M	USD	1 Quarter
Cash reimbursements of advances provided to Parent	`RepaymentOfAdvancesFromRelatedParties`	$10.09M	USD	1 Quarter
Cash reimbursements of advances provided to Parent	`RepaymentOfAdvancesFromRelatedParties`	$15.55M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.16M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.49M	USD	1 Quarter
Contribution from Parent	`ProceedsFromContributionsFromParent`	$325.00K	USD	1 Quarter
Contribution from Parent	`ProceedsFromContributionsFromParent`	$325.00K	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$52.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$325.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$273.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-48.43M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-59.03M	USD	1 Quarter
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.33M	USD	Point-in-time
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.33M	USD	Point-in-time
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.30M	USD	Point-in-time
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.77M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.33M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.33M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.30M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$68.77M	USD	Point-in-time
Capital expenditures included in accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$6.59M	USD	1 Quarter
Capital expenditures included in accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$2.04M	USD	1 Quarter
Leasehold improvements paid by tenant allowances	`LeaseholdImprovementsPaidByTenantAllowances`	$758.00K	USD	1 Quarter
Leasehold improvements paid by tenant allowances	`LeaseholdImprovementsPaidByTenantAllowances`	$110.00K	USD	1 Quarter
Assets acquired in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$165.00K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$-335.94M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-83.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-357.94M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-139.92M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.27M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.23M	USD	1 Quarter
Contribution from Parent	`AdjustmentsToAdditionalPaidinCapitalContributionFromParent`	$325.00K	USD	1 Quarter
Contribution from Parent	`AdjustmentsToAdditionalPaidinCapitalContributionFromParent`	$325.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.81M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-29.55M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-335.94M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-83.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-357.94M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-139.92M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.