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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Service $ 295,652 [1] $ 315,854 $ 597,449 [1] $ 617,426
Product 321,744 346,765 646,487 718,819
Total revenue 617,396 [2] 662,619 1,243,936 [2] 1,336,245
Cost of revenue:        
Service 30,230 [3] 38,478 61,375 [3] 81,351
Product 263,508 296,074 534,018 617,376
Total cost of revenue 293,738 [3] 334,552 595,393 [3] 698,727
Gross profit 323,658 328,067 648,543 637,518
Operating expenses:        
Marketing 94,178 [4] 100,658 193,334 [4] 187,000
Selling, general and administrative 294,124 [5] 230,223 516,185 [5] 462,281
Restructuring charges (399) 4,584 (116) 7,315
Total operating expenses 387,903 335,465 709,403 656,596
Income (loss) from operations [6],[7] (64,245) (7,398) (60,860) (19,078)
Other income (expense), net (26,457) 5,878 (34,972) 1,276
Income (loss) from continuing operations before provision (benefit) for income taxes (90,702) (1,520) (95,832) (17,802)
Provision (benefit) for income taxes 1,552 3,883 (783) 8,470
Income (loss) from continuing operations (92,254) (5,403) (95,049) (26,272)
Income (loss) from discontinued operations, net of tax 0 (1,376) 0 (889)
Net income (loss) (92,254) (6,779) (95,049) (27,161)
Net income attributable to noncontrolling interests (2,780) (2,547) (6,873) (6,579)
Net income (loss) attributable to Groupon, Inc. $ (95,034) $ (9,326) $ (101,922) $ (33,740)
Basic and diluted net income (loss) per share:        
Continuing operations (in usd per share) $ (0.17) $ (0.01) $ (0.18) $ (0.06)
Discontinued operations (in usd per share) 0.00 (0.01) 0.00 0.00
Basic and diluted net income (loss) per share (in usd per share) $ (0.17) $ (0.02) $ (0.18) $ (0.06)
Weighted average number of shares outstanding        
Basic (in shares) 565,284,705 559,762,180 563,502,954 560,978,712
Diluted (in shares) 565,284,705 559,762,180 563,502,954 560,978,712
[1] (1)For the three months ended June 30, 2018, reflects a $9.2 million increase for refunds on service revenue transactions for which the merchant's share is not recoverable and customer credits issued for relationship purposes, which are classified as reductions of revenue under Topic 606, and an increase of $0.5 million related to the timing of recognition of revenue from hotel reservation offerings, partially offset by decreases of $2.9 million related to the timing of recognition of variable consideration from unredeemed vouchers and $0.8 million related to the timing of recognition of breakage revenue from customer credits that are not expected to be used.
[2] (1)North America includes revenue from the United States of $371.1 million and $442.7 million for the three months ended June 30, 2018 and 2017, respectively, and $756.5 million and $907.4 million for the six months ended June 30, 2018 and 2017, respectively. International includes revenue from the United Kingdom of $91.5 million and $74.4 million for the three months ended June 30, 2018 and 2017, respectively, and $174.5 million and $139.9 million for the six months ended June 30, 2018 and 2017, respectively. There were no other individual countries that represented more than 10% of consolidated total revenue for the three and six months ended June 30, 2018 and 2017.
[3] Reflects an increase for refunds on service revenue transactions for which the merchant's share is not recoverable, which are classified as a reduction of revenue under Topic 606.
[4] Reflects an increase for customer credits issued for relationship purposes, which are classified as a reduction of revenue under Topic 606.
[5] Reflects the amortization of deferred contract acquisition costs in excess of amounts capitalized in the current period.
[6] (1)Includes stock-based compensation of $15.0 million and $20.0 million for North America and $1.3 million and $1.3 million for International for the three months ended June 30, 2018 and 2017, respectively, and
[7] Includes restructuring charges (credits) of $0.2 million and $3.0 million for North America and $(0.6) million and $1.6 million for International for the three months ended June 30, 2018 and 2017, respectively