Activity Related to Net Revenue, Adjusted EBITDA by Segment |
The following tables present net revenues and Adjusted EBITDA attributable to Wayfair's reportable segments for the periods presented: | | | | | | | | | | | | | | | | | | | | Three months ended March 31, | | | | 2021 | | 2020 | | | | | | (in thousands) | | U.S. net revenue | | $ | 2,820,686 | | | $ | 1,974,983 | | | | | International net revenue | | 656,832 | | | 355,080 | | | | | Total net revenue | | $ | 3,477,518 | | | $ | 2,330,063 | | | | |
| | | | | | | | | | | | | | | | | | | | Three months ended March 31, | | | | 2021 | | 2020 | | | | | | (in thousands) | | Adjusted EBITDA: | | | | | | | | U.S. | | $ | 227,235 | | | $ | (45,095) | | | | | International | | (21,468) | | | (82,182) | | | | | Total reportable segments Adjusted EBITDA | | 205,767 | | | (127,277) | | | | | Less: reconciling items (1) | | (187,533) | | | (158,588) | | | | | Net income (loss) | | $ | 18,234 | | | $ | (285,865) | | | | |
(1) The following adjustments are made to reconcile total reportable segments Adjusted EBITDA to consolidated net income (loss): | | | | | | | | | | | | | | | | | | | | Three months ended March 31, | | | | 2021 | | 2020 | | | | | | (in thousands) | | Depreciation and amortization | | $ | 80,312 | | | $ | 66,843 | | | | | Equity-based compensation and related taxes | | 86,901 | | | 63,992 | | | | | Interest expense, net | | 6,812 | | | 22,218 | | | | | Other expense, net | | 3,298 | | | 246 | | | | | (Benefit) provision for income taxes, net | | (2,002) | | | 1,333 | | | | | Other (1) | | 12,212 | | | 3,956 | | | | | Total reconciling items | | $ | 187,533 | | | $ | 158,588 | | | | | | | | | | | | | | | | | | | | |
(1) In the three months ended March 31, 2021, we recorded $12.2 million of customer service center impairment and other charges related to our plan to consolidate customer service centers. During the three months ended March 31, 2020, we recorded $4.0 million in selling, operations, technology, general and administrative expenses for severance costs associated with February 2020 workforce reductions.
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