Question #3 -
Using the Blue Apron financial statements 10Q, provide the following (SHOW THE CALCULATION. IF MISSING NO CREDIT):
3a. Revenue for the three months ending March 31st 2020 and 2019
3b. Gross profit for the three months ending March 31st 2020 and 2019
3c. Cost of sales as a percentage of revenues for the three months ending March 31st 2020 and 2019
3d. Net income (loss) for the three months ending March 31st 2020 and 2019
3e. Net income as a % of revenue for the three months ending March 31st 2020 and 2019\
3f. $ and % change from 2019 and 2020 for gross profit (% should be to the tenth e.g. 32.2%)
3g .$ and % change from 2019 to 2020 for revenues
3h.$ % change from 2019 to 2020 for net income/loss
PARTIINANCIAL INFORMATION BLE PROBOLING IN AN Pando ROTALASSES LIABILITIES AND STOCKHOLVERTER CURRENTLAR TH Tal financing SOCKHOLDERS ROUTER of Mercedes Cle A TOTAL SOCKERS TOTAL LILITIES AND SCHIETY OCIO BEARINGIN Org spectada Tural paper por me December 31, 2019 43,531 248 25,106 8.864 77,749 181,806 6,510 266,065 PART I FINANCIAL INFORMATION Item 1. Financial Statements BLUE APRON HOLDINGS, INC. Consolidated Balance Sheets (In thousands, except share and per-share data) (Unaudited) March 31, 2020 ASSETS CURRENT ASSETS Cash and cash equivalents 29,505 Accounts receivable, net 209 Inventories, net 24,712 Prepaid expenses and other current assets 13,644 Total current assets 68,070 Property and equipment, net 138,314 Other noncurrent assets 4,868 TOTAL ASSETS 211,252 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES: Accounts payable 26,539 Accrued expenses and other current liabilities 25,743 Deferred revenue 7,814 Total current liabilities 60,096 Long-term debt 53,646 Facility financing obligation 35,976 Other noncurrent liabilities 10,873 TOTAL LIABILITIES 160,591 Commitments and contingencies (Note 9) STOCKHOLDERS' EQUITY (DEFICIT): Class A common stock, par value of $0.0001 per share - 1,500,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 9,727,283 and 7,799,093 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively Class B common stock, par value of 0.0001 per share - 175,000,000 shares authorized as of March 31, 2020 and December 31, 2019: 3,654,248 and 5,464,196 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively Class C common stock, par value of $0.0001 per share 500,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 0 shares issued and outstanding as of March 31, 2020 and December 31, 2019 Additional paid-in capital 602,783 Accumulated deficit (552,124) TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 50,661 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 211,252 The accompanying notes are an integral part of these Consolidated Financial Statements. 23,972 30,366 6,120 60,458 53,464 71,689 12.455 198,066 599,976 (531,979) 67.999 266,065 BLUE APRON HOLDINGS, INC. Consolidated Statements of Operations (In thousands, except share and per-share data) (Unaudited) Three Months Ended March 31, 2020 101,857 2019 141,890 Net revenue Operating expenses: Cost of goods sold, excluding depreciation and amortization Marketing Product, technology, general and administrative Depreciation and amortization Other operating expense Total operating expenses Income (loss) from operations Interest income (expense), net Income (loss) before income taxes Benefit (provision) for income taxes Net income (loss) 60,638 15,032 34,217 6,753 3,198 119,838 (17,981) (2,155) (20,136) (9) (20,145) 82,704 14,234 39,148 8,604 230 144,920 (3,030) (2,232) (5,262) (13) (5,275) (0.41) (0.41) S Net income (loss) per share attributable to Class A, Class B, and Class C common stockholders* Basic $ (1.51) $ Diluted (1.51) $ Weighted average shares used to compute net income (loss) per share attributable to Class A, Class B, and Class C common stockholders*: Basic 13,305,805 Diluted 13,305,805 Reflects the 1-for-15 reverse stock split that became effective on June 14, 2019. The accompanying notes are an integral part of these Consolidated Financial Statements. 12,979,900 12,979,900 December 31, 2019 43,531 248 25,106 8.864 77,749 181,806 6,510 266,065 PART I FINANCIAL INFORMATION Item 1. Financial Statements BLUE APRON HOLDINGS, INC. Consolidated Balance Sheets (In thousands, except share and per-share data) (Unaudited) March 31, 2020 ASSETS CURRENT ASSETS Cash and cash equivalents 29,505 Accounts receivable, net 209 Inventories, net 24,712 Prepaid expenses and other current assets 13,644 Total current assets 68,070 Property and equipment, net 138,314 Other noncurrent assets 4,868 TOTAL ASSETS 211,252 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT LIABILITIES: Accounts payable 26,539 Accrued expenses and other current liabilities 25,743 Deferred revenue 7,814 Total current liabilities 60,096 Long-term debt 53,646 Facility financing obligation 35,976 Other noncurrent liabilities 10,873 TOTAL LIABILITIES 160,591 Commitments and contingencies (Note 9) STOCKHOLDERS' EQUITY (DEFICIT): Class A common stock, par value of $0.0001 per share - 1,500,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 9,727,283 and 7,799,093 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively Class B common stock, par value of 0.0001 per share - 175,000,000 shares authorized as of March 31, 2020 and December 31, 2019: 3,654,248 and 5,464,196 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively Class C common stock, par value of $0.0001 per share 500,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 0 shares issued and outstanding as of March 31, 2020 and December 31, 2019 Additional paid-in capital 602,783 Accumulated deficit (552,124) TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 50,661 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 211,252 The accompanying notes are an integral part of these Consolidated Financial Statements. 23,972 30,366 6,120 60,458 53,464 71,689 12.455 198,066 599,976 (531,979) 67.999 266,065
