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Income Statement
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ContextLogic Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-05-22Dec-31-21Dec-05-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K8-K10-K8-K10-K10-K10-KS-1/A
Revenues:  
    Core Marketplace Revenue       1,473.01,508.0 
    Other       428.0220.0 
Total revenues  571.0571.02,085.02,085.02,541.01,901.01,728.0 
            Revenue growth   [+]-72.6%-72.6%-17.9% 33.7%10.0%  
Cost of goods sold  405.0405.0977.0977.0947.0443.0278.0 
Gross profit  166.0166.01,108.01,108.01,594.01,458.01,450.0 
            Gross margin  29.1%29.1%53.1%53.1%62.7%76.7%83.9% 
Selling, general and administrative   [+]254.0370.01,102.01,267.01,708.01,528.01,628.0 
Research and development   194.0 208.0 74.045.0 
Other operating expenses  -95.0 -604.0 -430.0   
EBITDA   [+]13.0-392.0619.0-358.0328.0-134.0-215.0 
            EBITDA margin  2.3%-68.7%29.7%-17.2%12.9%-7.0%-12.4% 
Depreciation and amortization  6.06.09.09.012.010.08.0 
EBIT   [+]7.0-398.0610.0-367.0316.0-144.0-223.0 
            EBIT margin  1.2%-69.7%29.3%-17.6%12.4%-7.6%-12.9% 
Interest income       19.015.0 
Other income (expense), net  -390.015.0-961.016.0-1,059.0-3.0  
Pre-tax income  -383.0-383.0-351.0-351.0-743.0-128.0-208.0 
Income taxes  1.01.010.010.02.01.00.0 
            Tax rate        0.0% 
Net income  -384.0-384.0-361.0-361.0-745.0-136.0-208.0 
            Net margin  -67.3%-67.3%-17.3%-17.3%-29.3%-7.2%-12.0% 
   
Basic EPS   [+]($0.57)($0.57)($0.57)($0.57)($5.87)($1.31)($2.02) 
Diluted EPS   [+]($0.57)($0.57)($0.57)($0.57)($5.87)($1.31)($2.02) 
   
Shares outstanding (basic)   [+]672.0672.0629.0629.0127.0104.0103.0 
Shares outstanding (diluted)   [+]672.0672.0629.0629.0127.0104.0103.0 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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