10-Q Filing

CHEWY, INC. CIK: 1766502 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001766502-22-000033`
Period End Date	20220731
Filing Date	20220830
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	chwy-20220731_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 60 Cash Flow Statement 54 Stockholders Equity 34

Balance Sheet 54 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
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`	$603.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$606.80M	USD	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`	$143.81M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$123.51M	USD	Point-in-time
Inventories	`InventoryNet`	$707.92M	USD	Point-in-time
Inventories	`InventoryNet`	$560.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$46.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$36.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.51B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$367.17M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$431.55M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$372.69M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$411.23M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$22.89M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$20.30M	USD	Point-in-time
Total assets	`Assets`	$2.09B	USD	Point-in-time
Total assets	`Assets`	$2.37B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$883.32M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$1.05B	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$728.92M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$761.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.64B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.78B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$410.17M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$456.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.11M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.25B	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 July 31, 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 July 31, 2022 and January 30, 2022	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.08B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.02B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.01B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.97B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$14.74M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$75.05M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$58.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-2.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$117.39M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$69.02M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.09B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.37B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.16B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.29B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.43B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.86B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.75B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$3.11B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.56B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$3.51B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.18B	USD	2 Qtrs
Gross profit	`GrossProfit`	$682.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$593.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.35B	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.02B	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$843.89M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$516.98M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$437.67M	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$288.88M	USD	2 Qtrs
Advertising and marketing	`MarketingAndAdvertisingExpense`	$144.16M	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$171.97M	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$316.40M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$661.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.16B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$609.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.31B	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-16.19M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$22.93M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$21.66M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$40.47M	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$346.00K	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-500.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$690.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-902.00K	USD	2 Qtrs
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.03M	USD	2 Qtrs
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.69M	USD	1 Quarter
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.34M	USD	1 Quarter
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$40.82M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$22.34M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$22.03M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-16.69M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$40.82M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	416.67M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	421.05M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	421.69M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	415.96M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	427.46M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	416.67M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	426.83M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	426.77M	shares	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$22.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.03M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-16.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.82M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.68M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.12M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$64.17M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$44.88M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$19.20M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$16.40M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-179.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-604.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.73M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$147.49M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-7.33M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$31.70M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.86M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-2.07M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.32M	USD	2 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$166.07M	USD	2 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$50.66M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.34M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$78.23M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-9.59M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-10.56M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-427.00K	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-2.06M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$183.45M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$131.60M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$124.21M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$63.71M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.40M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-125.61M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.71M	USD	2 Qtrs
Payments for tax withholdings related to vesting of share-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Payments for tax withholdings related to vesting of share-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.47M	USD	2 Qtrs
Proceeds from tax sharing agreement with related parties	`ProceedsFromPaymentsForTaxSharingAgreement`	$42.41M	USD	2 Qtrs
Proceeds from tax sharing agreement with related parties	`ProceedsFromPaymentsForTaxSharingAgreement`	$533.00K	USD	2 Qtrs
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$490.00K	USD	2 Qtrs
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$333.00K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.91M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.27M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$161.65M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.72M	USD	2 Qtrs
Cash and cash equivalents, as of beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$725.00M	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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$606.80M	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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$725.00M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$603.08M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$606.80M	USD	Point-in-time
Cash and cash equivalents, as of end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$563.35M	USD	Point-in-time

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$14.74M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$75.05M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$58.61M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-2.00M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$117.39M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$69.02M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$64.17M	USD	2 Qtrs
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.78M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$44.88M	USD	2 Qtrs
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$38.38M	USD	1 Quarter
Vesting of share-based compensation awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Vesting of share-based compensation awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Vesting of share-based compensation awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Vesting of share-based compensation awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Distribution to parent	`StockIssuedDuringPeriodValueDistributionToParent`	-	USD	2 Qtrs
Distribution to parent	`StockIssuedDuringPeriodValueDistributionToParent`	-	USD	2 Qtrs
Distribution to parent	`StockIssuedDuringPeriodValueDistributionToParent`	-	USD	1 Quarter
Distribution to parent	`StockIssuedDuringPeriodValueDistributionToParent`	-	USD	1 Quarter
Tax withholdings for share-based compensation awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.00K	USD	1 Quarter
Tax withholdings for share-based compensation awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.47M	USD	2 Qtrs
Tax sharing agreement with related parties	`AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseFromTaxSharingAgreement`	$-1.94M	USD	1 Quarter
Tax sharing agreement with related parties	`AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseFromTaxSharingAgreement`	$939.00K	USD	1 Quarter
Tax sharing agreement with related parties	`AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseFromTaxSharingAgreement`	$139.00K	USD	2 Qtrs
Tax sharing agreement with related parties	`AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseFromTaxSharingAgreement`	$10.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$22.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.03M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-16.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.82M	USD	2 Qtrs
Balance at end of period	`StockholdersEquity`	$-2.00M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$58.61M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$117.39M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$14.74M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$75.05M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$69.02M	USD	Point-in-time

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