Wayfair Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
W$112.52-3.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (in millions) | |||
| Cash flows from (for) operating activities: | |||
| Net loss | $(492) | $(738) | $(1,331) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 387 | 417 | 371 |
| Equity-based compensation expense | 395 | 605 | 513 |
| Amortization of debt discount and issuance costs | 9 | 8 | 8 |
| Impairment and other related net charges | 37 | 14 | 39 |
| Gain on debt extinguishment | (29) | (100) | (96) |
| Other non-cash adjustments | (1) | (3) | 41 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (35) | 132 | (48) |
| Inventories | (2) | 16 | (21) |
| Prepaid expenses and other assets | 10 | 16 | 27 |
| Accounts payable and other liabilities | 38 | (18) | (177) |
| Net cash provided by (used in) operating activities | 317 | 349 | (674) |
| Cash flows (for) from investing activities: | |||
| Purchase of short- and long-term investments | (67) | (36) | (430) |
| Sale and maturities of short- and long-term investments | 39 | 233 | 889 |
| Purchase of property and equipment | (73) | (148) | (186) |
| Site and software development costs | (161) | (203) | (272) |
| Other investing activities, net | — | 2 | — |
| Net cash (used in) provided by investing activities | (262) | (152) | 1 |
| Cash flows (for) from financing activities: | |||
| Repurchase of common stock | — | — | (75) |
| Proceeds from issuance of debt, net of issuance costs | 786 | 678 | 678 |
| Premiums paid for capped call confirmations | — | (87) | (80) |
| Payment of principal upon maturity of debt | (117) | — | (3) |
| Payments to extinguish debt | (741) | (514) | (504) |
| Other financing activities, net | 3 | — | — |
| Net cash (used in) provided by financing activities | (69) | 77 | 16 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 8 | 2 | 1 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (6) | 276 | (656) |
| Cash, cash equivalents and restricted cash | |||
| Beginning of year | $1,326 | $1,050 | $1,706 |
| End of year | $1,320 | $1,326 | $1,050 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (in millions) | |||
| Supplemental cash flow information: | |||
| Cash paid for interest on long-term debt | $63 | $53 | $27 |
| Purchase of property and equipment included in accounts payable and other liabilities | $7 | $19 | $(6) |
| Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets | |||
| Cash and cash equivalents | $1,316 | $1,322 | $1,050 |
| Restricted cash included within prepaid expenses and other current assets | 4 | 4 | — |
| Total cash, cash equivalents and restricted cash | $1,320 | $1,326 | $1,050 |
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