10-Q Filing

CHEWY, INC. CIK: 1766502 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001766502-22-000017`
Period End Date	20220430
Filing Date	20220601
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	chwy-20220501_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`	$604.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$603.08M	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
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$123.51M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$133.23M	USD	Point-in-time
Inventories	`InventoryNet`	$560.43M	USD	Point-in-time
Inventories	`InventoryNet`	$598.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$36.51M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$53.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.39B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$403.94M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$367.17M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$371.93M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$372.69M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$24.80M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$22.89M	USD	Point-in-time
Total assets	`Assets`	$2.09B	USD	Point-in-time
Total assets	`Assets`	$2.19B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$883.32M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$956.99M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$761.56M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$740.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.70B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.64B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$413.83M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$410.17M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$19.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.13B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.07B	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 1, 2022 and January 30, 2022	`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 1, 2022 and January 30, 2022	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.02B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.05B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.01B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.99B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$58.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$14.74M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$69.02M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-2.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.19B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.09B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.43B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.14B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.76B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.55B	USD	1 Quarter
Gross profit	`GrossProfit`	$589.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$667.82M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$504.28M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$406.22M	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$144.72M	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$144.44M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$649.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$550.65M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.82M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$39.12M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-402.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-344.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.72M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.47M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.47M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	420.41M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	415.25M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	426.71M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	427.60M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$38.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.34M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$23.11M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$25.79M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$8.37M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$9.11M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-87.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-234.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.87M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.72M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-22.42M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$37.77M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$27.65M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.25M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.47M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.87M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$73.68M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$26.16M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$20.54M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.88M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-5.22M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-5.34M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$3.47M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-831.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$82.43M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$98.37M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$76.02M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$38.88M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.40M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.88M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.42M	USD	1 Quarter
Payments for tax withholdings related to vesting of share-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.47M	USD	1 Quarter
Payments for tax withholdings related to vesting of share-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
(Payments for) proceeds from tax sharing agreement with related parties	`ProceedsFromPaymentsForTaxSharingAgreement`	$14.97M	USD	1 Quarter
(Payments for) proceeds from tax sharing agreement with related parties	`ProceedsFromPaymentsForTaxSharingAgreement`	$-675.00K	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$272.00K	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$187.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.70M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.33M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.68M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$74.18M	USD	1 Quarter
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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$604.76M	USD	Point-in-time
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$603.08M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$637.52M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$604.76M	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`	$603.08M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$58.61M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$14.74M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$69.02M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-2.00M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.79M	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
Tax withholdings for share-based compensation awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.47M	USD	1 Quarter
Tax sharing agreement with related parties	`AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseFromTaxSharingAgreement`	$9.20M	USD	1 Quarter
Tax sharing agreement with related parties	`AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseFromTaxSharingAgreement`	$2.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.47M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$58.61M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$14.74M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$69.02M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-2.00M	USD	Point-in-time

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