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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ (9,556) $ 49,758 $ 112
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 1,424 946 517
Benefit for deferred income taxes (3,732) (6,507) 0
Loss on disposal of property and equipment   2 120
Stock-based compensation 81,139 8,713 179
Changes in operating assets and liabilities:      
Accounts receivable 3,339 (4,023) (1,266)
Inventory (36,333) (35,435) (763)
Prepaid expenses and other current assets (735) (4,672) 254
Other assets 127 38 (342)
Accounts payable 2,855 1,207 2,715
Accrued expenses 17,983 4,266 464
Deferred revenue (1,185) 794 (712)
Accrued compensation and benefits 2,250 2,366 713
Returns reserve 1,084 901 267
Sales tax payable 652 527 636
Income tax payable 4,428 105 0
Gift card liability 2,571 2,028 722
Deferred rent and lease incentive (117) 734 2,915
Other non-current liabilities 243 0 0
Net cash provided by operating activities 66,437 21,748 6,531
Cash flows from investing activities:      
Purchases of property and equipment (2,712) (2,262) (4,761)
Net cash used in investing activities (2,712) (2,262) (4,761)
Cash flows from financing activities:      
Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts 95,881 0 0
Payments of initial public offering issuance costs, net of reimbursements (780) 0 0
Payment of debt issuance and financing costs (181) (98) 0
Proceeds from capital contributions 1,301 0 14,000
Proceeds from stock option exercises 907 392 0
Tax payments related to net share settlements on restricted stock units (21,556) 0 0
Net cash provided by financing activities 75,572 294 14,000
Net increase in cash, cash equivalents, and restricted cash 139,297 19,780 15,770
Cash, cash equivalents, and restricted cash, beginning of period 58,133 38,353 22,583
Cash, cash equivalents, and restricted cash, end of period 197,430 58,133 38,353
Supplemental disclosures:      
Cash paid for income taxes, net of refunds received 15,004 18,162 0
Cash paid for interest 0 0 0
Property and equipment in accounts payable and accrued expenses 32 236 770
Deferred offering costs recorded in stockholders' equity upon initial public offering, net of related tax impacts $ 220 $ 0 $ 0