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Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summary of Reportable Segments

Information about the Company’s reportable segments are as follows (in thousands):

 

 

 

Three Months Ended June 30, 2022

 

 

 

Ecommerce

 

 

Wholesale

 

 

Retail Financing

 

 

All Other

 

 

Total

 

Revenues from external customers

 

$

321,632

 

 

$

82,901

 

 

$

32,121

 

 

$

38,783

 

 

$

475,437

 

Gross profit

 

$

33,509

 

 

$

(1,934

)

 

$

28,720

 

 

$

6,062

 

 

$

66,357

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2021

 

 

 

Ecommerce

 

 

Wholesale

 

 

Retail Financing

 

 

All Other(1)

 

 

Total

 

Revenues from external customers

 

$

579,663

 

 

$

128,108

 

 

$

 

 

$

54,119

 

 

$

761,890

 

Gross profit

 

$

49,638

 

 

$

8,516

 

 

$

 

 

$

4,974

 

 

$

63,128

 

 

 

 

 

Six Months Ended June 30, 2022

 

 

 

Ecommerce

 

 

Wholesale

 

 

Retail Financing

 

 

All Other

 

 

Total

 

Revenues from external customers

 

$

996,995

 

 

$

222,885

 

 

$

79,808

 

 

$

99,524

 

 

$

1,399,212

 

Gross profit

 

$

67,828

 

 

$

(4,686

)

 

$

73,682

 

 

$

11,173

 

 

$

147,997

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2021

 

 

 

Ecommerce

 

 

Wholesale

 

 

Retail Financing

 

 

All Other(1)

 

 

Total

 

Revenues from external customers

 

$

1,001,971

 

 

$

246,132

 

 

$

 

 

$

104,905

 

 

$

1,353,008

 

Gross profit

 

$

81,475

 

 

$

8,234

 

 

$

 

 

$

9,595

 

 

$

99,304

 

 

(1)
The Company reclassified TDA revenue and TDA gross profit from the TDA reportable segment to the “All Other” category to conform to current year presentation.
Schedule of Reconciliation Between Reportable Segment Gross Profit to Consolidated Loss Before Provision for Income Taxes

The reconciliation between reportable segment gross profit to consolidated loss before provision for income taxes is as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Reconciliation to consolidated total revenue

 

 

 

 

 

 

 

 

 

 

 

 

Total reportable segment revenue

 

$

436,654

 

 

$

707,771

 

 

$

1,299,688

 

 

$

1,248,103

 

All Other revenues

 

 

38,783

 

 

 

54,119

 

 

 

99,524

 

 

 

104,905

 

Consolidated total revenue

 

$

475,437

 

 

$

761,890

 

 

$

1,399,212

 

 

$

1,353,008

 

Reconciliation to consolidated loss before provision for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

Total reportable segment gross profit

 

$

60,295

 

 

$

58,154

 

 

$

136,824

 

 

$

89,709

 

All Other gross profit

 

 

6,062

 

 

 

4,974

 

 

 

11,173

 

 

 

9,595

 

Selling, general and administrative expenses

 

 

152,990

 

 

 

123,898

 

 

 

340,984

 

 

 

232,764

 

Depreciation and amortization

 

 

10,039

 

 

 

3,058

 

 

 

17,895

 

 

 

5,900

 

Impairment charges

 

 

3,407

 

 

 

 

 

 

205,110

 

 

 

 

Interest expense

 

 

9,533

 

 

 

3,880

 

 

 

18,913

 

 

 

7,692

 

Interest Income

 

 

(3,935

)

 

 

(2,062

)

 

 

(7,887

)

 

 

(4,358

)

Other loss (income), net

 

 

9,156

 

 

 

(33

)

 

 

21,514

 

 

 

(48

)

Consolidated loss before provision for income taxes

 

$

(114,833

)

 

$

(65,613

)

 

$

(448,532

)

 

$

(142,646

)