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OSTK Price Correlated With Financials For Overstock.com

Free historical financial statements for Overstock.com Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 41 quarters since 2012. Compare with OSTK stock chart to see long term trends.

OSTK Stock Compared to Quarterly

OSTK Income Statement

Revenue, Net:536037000
Revenue Per Share:12.4509
Cost of Goods & Services Sold:410825000
Gross Profit:125212000
Selling, General & Admin Expense:58513000
Total Operating Expenses:112758000
Operating Income:12454000
Income Taxes:2092000
Net Income:10123000
Earnings Per Share, Basic:0.21
Shares Outstanding, Basic Avg:43052000

OSTK Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:4307000
Change in Accounts Receiveable:2559000
Net Cash from Operations:33193000
Net Cash from Operations Per Share:0.771
Issuance of Long-term Debt:null
Net Cash from Financing Activities:-29286000
Property, Plant & Equipment Purchases:3256000
Net Cash from Investing Activities:-13795000
Net Change in Cash & Equivalents:-9888000

OSTK Balance Sheet

Cash and Cash Equivalents:493478000
Accounts Receivable, Net:23749000
Inventories:5419000
Total Current Assets:543805000
Property, Plant & Equipment, Net:108454000
Total Assets:1064445000
Accounts Payable:106380000
Total Short-Term Liabilities:284576000
Total Liabilities:331835000
COMPANY PROFILE
1. BASIS OF PRESENTATION

Business and organization

As used herein, "Overstock," "Overstock.com," "the Company," "we," "our" and similar terms include Overstock.com, Inc. and our majority-owned subsidiaries, unless the context indicates otherwise. We were formed on May 5, 1997 as D2-Discounts Direct, a limited liability company ("LLC"). On December 30, 1998, we were reorganized as a C Corporation in the State of Utah and reincorporated in Delaware in May 2002. On October 25, 1999, we changed our name to Overstock.com, Inc.

Through our online business, we offer a broad range of price-competitive products, including furniture, décor, area rugs, bedding and bath, home improvement, outdoor, and kitchen and dining items, among others. We sell our products and services through our Internet websites located at www.overstock.com, www.o.co, www.overstock.ca, and www.overstockgovernment.com (referred to collectively as the "Website") and through our mobile app. Although our four websites are located at different domain addresses with different interfaces, the technology, equipment, and processes supporting the Website and the process of order fulfillment described herein are the same for all four websites.

Basis of presentation

We have prepared the accompanying consolidated financial statements pursuant to generally accepted accounting principles in the United States ("GAAP"). Preparing financial statements requires us to make estimates and assumptions that affect the amounts that are reported in the consolidated financial statements and accompanying disclosures. Although these estimates are based on our best knowledge of current events and actions that we may undertake in the future, our actual results may be different from our estimates. The results of operations presented herein are not necessarily indicative of our results for any future period.

On April 23, 2021, we entered into a Limited Partnership Agreement (the "Limited Partnership Agreement") with Pelion MV GP, L.L.C. ("Pelion"), in connection with the closing (the "Medici Closing") of the Transaction Agreement dated January 25, 2021 between the Company, Medici Ventures, Inc. ("Medici Ventures"), Pelion, and Pelion, Inc. (the "Transaction Agreement"). In connection with the execution of the Limited Partnership Agreement, Pelion acquired control over Medici Ventures and its blockchain assets. As a result of this transaction, we performed an assessment of control under the variable interest entity ("VIE") model and determined that effective as of the Medici Closing, we held a variable interest in both Medici Ventures and tZERO Group, Inc. ("tZERO") (collectively, the "Disposal Group"), both of which meet the definition of variable interest entities; however, we are not the primary beneficiary of either entity for purposes of consolidation. Accordingly, we deconsolidated the Disposal Group's consolidated net assets and noncontrolling interest from our consolidated financial statements and results beginning on April 23, 2021, the date that control ceased. The Disposal Group met the criteria to be reported as held for sale and discontinued operations as of March 31, 2021. As a result of closing the transaction during the second quarter of 2021, the Disposal Group's operating results for the periods prior to deconsolidation have been reflected in our consolidated statements of operations as discontinued operations for all periods presented. Additionally, the related assets and liabilities of the Disposal Group associated with the prior periods are classified as discontinued operations in our consolidated balance sheets. The majority of the Disposal Group was previously included in the Medici Ventures and tZERO reportable segments, and the remainder was included in Other. Effective as of the first quarter of fiscal year 2021, the Company has one reportable segment: Retail. See Note 22—Business Segments for additional segment information.

Unless otherwise specified, disclosures

Data imported from Overstock.com Inc. SEC filings. Check original filings before making any investment decision.