10-Q Filing

CHEWY, INC. CIK: 1766502 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001766502-21-000014`
Period End Date	20210430
Filing Date	20210610
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	chwy-20210502_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 30 Cash Flow Statement 52 Stockholders Equity 17

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$563.35M	USD	Point-in-time
Preferred stock issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$637.52M	USD	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$117.56M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$100.70M	USD	Point-in-time
Preferred stock outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$490.89M	USD	Point-in-time
Inventories	`InventoryNet`	$513.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$71.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.23B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$210.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$233.56M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$297.21M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$339.06M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$6.90M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$8.70M	USD	Point-in-time
Total assets	`Assets`	$1.74B	USD	Point-in-time
Total assets	`Assets`	$1.90B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$778.37M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$804.52M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$620.46M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$602.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.42B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.38B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$328.23M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$371.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$33.05M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$33.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.74B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.83B	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding as of May 2, 2021 and January 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding as of May 2, 2021 and January 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.93B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.96B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.94B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.90B	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$69.02M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-403.97M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-396.54M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-2.00M	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.90B	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.74B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.14B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.62B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.24B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.55B	USD	1 Quarter
Gross profit	`GrossProfit`	$589.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$378.71M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$406.22M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$320.06M	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$144.44M	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$106.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$426.19M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$550.65M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-47.49M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$39.12M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-402.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-384.00K	USD	1 Quarter
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-47.87M	USD	1 Quarter
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.72M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-47.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$38.72M	USD	1 Quarter
Net income (loss) per share attributable to common Class A and Class B stockholders, basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Net income (loss) per share attributable to common Class A and Class B stockholders, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.12	USD	1 Quarter
Net income (loss) per share attributable to common Class A and Class B stockholders, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.12	USD	1 Quarter
Net income (loss) per share attributable to common Class A and Class B stockholders, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Weighted average common shares used in computing net income (loss) per share attributable to common Class A and Class B stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	415.25M	shares	1 Quarter
Weighted average common shares used in computing net income (loss) per share attributable to common Class A and Class B stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	401.40M	shares	1 Quarter
Weighted average common shares used in computing net income (loss) per share attributable to common Class A and Class B stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	427.60M	shares	1 Quarter
Weighted average common shares used in computing net income (loss) per share attributable to common Class A and Class B stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	401.40M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-47.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$38.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.43M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$23.11M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$42.23M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$8.37M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$5.09M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-386.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-87.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.61M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.87M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$130.95M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-22.42M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$27.65M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.37M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-680.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.87M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$26.16M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$99.81M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$20.54M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$59.01M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-5.22M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.87M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-831.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$5.22M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.75M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$98.37M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$38.88M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$42.58M	USD	1 Quarter
Cash advances provided to PetSmart, net of reimbursements	`ProceedsFromCollectionOfAdvanceToAffiliate`	$2.11M	USD	1 Quarter
Cash advances provided to PetSmart, net of reimbursements	`ProceedsFromCollectionOfAdvanceToAffiliate`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.46M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.88M	USD	1 Quarter
Proceeds from tax sharing agreement with PetSmart	`ProceedsFromTaxSharingAgreement`	$14.97M	USD	1 Quarter
Proceeds from tax sharing agreement with PetSmart	`ProceedsFromTaxSharingAgreement`	-	USD	1 Quarter
Contribution from PetSmart	`ProceedsFromContributionsFromAffiliates`	-	USD	1 Quarter
Contribution from PetSmart	`ProceedsFromContributionsFromAffiliates`	$325.00K	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$272.00K	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$160.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$165.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.70M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.55M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$74.18M	USD	1 Quarter
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$212.09M	USD	Point-in-time
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.53M	USD	Point-in-time
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$563.35M	USD	Point-in-time
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$637.52M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.53M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$563.35M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$212.09M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$637.52M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$69.02M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-403.97M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-396.54M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-2.00M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$42.23M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.11M	USD	1 Quarter
Vesting of share-based compensation awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Vesting of share-based compensation awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Contribution from PetSmart	`AdjustmentsToAdditionalPaidInCapitalContributionFromAffiliate`	$325.00K	USD	1 Quarter
Tax sharing agreement with PetSmart	`AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseFromTaxSharingAgreement`	$12.76M	USD	1 Quarter
Tax sharing agreement with PetSmart	`AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseFromTaxSharingAgreement`	$9.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-47.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$38.72M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$69.02M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-403.97M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-396.54M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-2.00M	USD	Point-in-time

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