← Chewy, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | ($338.1m) | ($267.9m) | ($252.4m) | ($92.5m) | ($73.8m) | $49.2m | $39.6m | $392.7m | $222.8m | |
| Depreciation and amortization | $12.5m | $23.2m | $30.6m | $35.7m | $55.0m | $83.3m | $109.7m | $114.6m | $129.3m | |
| Provision for deferred taxes | — | — | — | — | — | $0 | $0 | ($257.5m) | $28.6m | |
| Share-based compensation expense | $11.2m | $14.4m | $134.9m | $121.3m | $77.8m | $158.1m | $239.1m | $306.4m | $297.9m | |
| Operating lease liabilities | — | — | ($10.3m) | ($12.9m) | ($19.9m) | ($21.7m) | ($27.2m) | ($32.0m) | ($34.0m) | |
| Non-cash lease expense | — | — | $18.2m | $26.0m | $33.0m | $39.5m | $37.8m | $33.0m | $37.3m | |
| Change in fair value of equity warrants and investments | — | — | — | — | $0 | $13.3m | ($13.1m) | ($1.5m) | $3.0m | |
| Unrealized foreign currency (gains) losses, net | — | — | — | — | $0 | $0 | ($391k) | $1.1m | ($200k) | |
| Other adjustments | $1.4m | $670k | $2.5m | $306k | $595k | $1.1m | $3.9m | $1.0m | $8.0m | |
| Accounts receivable | ($19.8m) | ($12.2m) | ($31.7m) | ($20.2m) | ($22.8m) | ($2.7m) | ($27.1m) | ($15.1m) | ($53.1m) | |
| Inventories | ($68.9m) | ($54.9m) | ($97.0m) | ($195.5m) | ($47.1m) | ($115.1m) | ($41.3m) | ($117.8m) | ($27.7m) | |
| Prepaid expenses and other current assets | ($522k) | ($5.5m) | ($10.1m) | ($9.7m) | ($18.9m) | ($10.8m) | ($50.1m) | ($14.0m) | ($21.8m) | |
| Other non-current assets | ($308k) | $797k | ($2.1m) | ($442k) | ($5.0m) | $1.1m | ($29.9m) | $3.5m | ($3.5m) | |
| Trade accounts payable | $164.2m | $167.5m | $180.2m | $95.3m | $105.0m | $147.6m | $71.8m | $71.1m | $45.4m | |
| Accrued expenses and other current liabilities | $125.4m | $102.0m | $80.8m | $186.9m | $125.7m | $8.2m | $152.3m | $109.7m | $53.0m | |
| Other long-term liabilities | $26.6m | $8.7m | $2.9m | ($1.5m) | ($17.7m) | ($1.6m) | $21.0m | $1.1m | $6.6m | |
| Proceeds from sales and maturities of marketable securities | — | — | — | $0 | $0 | $200.0m | $3.1b | $538.4m | $24.0m | |
| Purchases of marketable securities | — | — | — | $0 | $0 | ($543.8m) | ($3.2b) | $0 | ($41.4m) | |
| Payments of secondary offering costs | — | — | — | — | — | $0 | $0 | ($1.1m) | ($1.2m) | |
| Principal repayments of finance lease obligations | $0 | ($159k) | ($229k) | ($703k) | ($863k) | ($673k) | ($510k) | ($866k) | ($200k) | |
| Capital contribution from parent reorganization transaction | — | — | — | — | $0 | $0 | $22.0m | $0 | $0 | |
| Payments for tax sharing agreement with related parties | — | — | — | $23.2m | $43.7m | ($2.8m) | ($10.3m) | $0 | $0 | |
| Net cash provided by operating activities | ($79.7m) | ($13.4m) | $46.6m | $132.8m | $191.7m | $349.6m | $486.2m | $596.3m | $691.6m | |
| Capital expenditures | ($40.3m) | ($44.2m) | ($48.6m) | ($130.7m) | ($183.2m) | ($230.3m) | ($143.3m) | ($143.8m) | ($129.2m) | |
| Other investing activities | — | $0 | $0 | ($2.0m) | $0 | ($1.4m) | $0 | $0 | ($5.2m) | |
| Net cash (used in) provided by investing activities | ($195.8m) | $31.8m | ($49.9m) | ($123.7m) | ($193.3m) | ($615.5m) | ($287.4m) | $394.6m | ($151.8m) | |
| Repurchases of common stock | — | — | — | — | — | $0 | $0 | ($942.8m) | ($262.5m) | |
| Other financing activities | $0 | $0 | ($224k) | $0 | $0 | ($3.2m) | ($180k) | ($13k) | ($2.9m) | |
| Net cash (used in) provided by financing activities | $187.8m | $1.1m | $127.0m | $342.2m | $41.3m | ($6.7m) | $71.6m | ($996.7m) | ($276.0m) | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | — | $0 | $0 | $145k | ($621k) | $500k | |
| Net increase (decrease) in cash and cash equivalents | ($87.7m) | $19.6m | $123.8m | $351.3m | $39.7m | ($272.6m) | $270.6m | ($6.5m) | $264.3m | |
| Cash and cash equivalents, as of beginning of period | $156.5m | $68.8m | $88.3m | $563.3m | $603.1m | $330.4m | $602.2m | $595.8m | $860.1m | |
| Income taxes paid for, net of proceeds from, parent reorganization transaction | — | — | — | — | $0 | $0 | $60.6m | ($51.9m) | ($9.2m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.