Wayfair Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
W$116.87+4.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (in millions, except per share data) | |||
| Net revenue | $12,003 | $12,218 | $13,708 |
| Cost of goods sold | 8,336 | 8,802 | 9,813 |
| Gross profit | 3,667 | 3,416 | 3,895 |
| Operating expenses: | |||
| Customer service and merchant fees | 557 | 632 | 584 |
| Advertising | 1,397 | 1,473 | 1,378 |
| Selling, operations, technology, general and administrative | 2,447 | 2,625 | 2,015 |
| Impairment and other related net charges | 14 | 39 | 12 |
| Restructuring charges | 65 | 31 | — |
| Total operating expenses | 4,480 | 4,800 | 3,989 |
| Loss from operations | (813) | (1,384) | (94) |
| Interest expense, net | (17) | (27) | (32) |
| Other income (expense), net | 1 | (4) | (4) |
| Gain on debt extinguishment | 100 | 96 | — |
| Loss before income taxes | (729) | (1,319) | (130) |
| Provision for income taxes, net | 9 | 12 | 1 |
| Net loss | $(738) | $(1,331) | $(131) |
| Loss per share: | |||
| Basic | $(6.47) | $(12.54) | $(1.26) |
| Diluted | $(6.47) | $(12.54) | $(1.26) |
| Weighted-average number of shares of common stock outstanding used in computing per share amounts: | |||
| Basic | 114 | 106 | 104 |
| Diluted | 114 | 106 | 104 |
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