XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total revenue $ 304,019 $ 495,612 $ 1,073,815 $ 1,606,599
Cost of revenue:        
Total cost of revenue 143,997 217,672 575,320 730,511
Gross profit 160,022 277,940 498,495 876,088
Operating expenses:        
Marketing 31,386 74,976 116,758 257,296
Selling, general and administrative 124,257 198,388 475,017 619,274
Goodwill impairment 0 0 109,486 0
Long-lived asset impairment 0 0 22,351 0
Restructuring and related charges 20,559 (61) 61,037 (175)
Total operating expenses 176,202 273,303 784,649 876,395
Income (loss) from operations (16,180) 4,637 (286,154) (307)
Other income (expense), net (867) (17,253) (21,549) (92,602)
Income (loss) from continuing operations before provision (benefit) for income taxes (17,047) (12,616) (307,703) (92,909)
Provision (benefit) for income taxes (486) 2,069 (7,170) 591
Income (loss) from continuing operations (16,561) (14,685) (300,533) (93,500)
Income (loss) from discontinued operations, net of tax 0 0 382 2,162
Net income (loss) (16,561) (14,685) (300,151) (91,338)
Net (income) loss attributable to noncontrolling interests 291 (2,000) (1,758) (8,080)
Net income (loss) attributable to Groupon, Inc. $ (16,270) $ (16,685) $ (301,909) $ (99,418)
Basic and diluted net income (loss) per share:        
Continuing operations (in usd per share) [1] $ (0.57) $ (0.59) $ (10.59) $ (3.57)
Discontinued operations (in usd per share) [1] 0 0 0.01 0.08
Basic and diluted net income (loss) per share (in usd per share) [1] $ (0.57) $ (0.59) $ (10.58) $ (3.49)
Weighted average number of shares outstanding        
Basic (in shares) [1] 28,751,520 28,348,561 28,535,393 28,416,966
Diluted (in shares) [1] 28,751,520 28,348,561 28,535,393 28,416,966
Comprehensive income (loss):        
Net change in unrealized gain (loss) on foreign currency translation adjustments $ (11,786) $ 4,439 $ (21,379) $ 4,426
Net change in unrealized gain (loss) on available-for-sale securities (net of tax effect of $0 and $(16) for the three months ended September 30, 2020 and 2019 and $0 and $(51) for the nine months ended September 30, 2020 and 2019) 0 (47) 0 (151)
Other comprehensive income (loss) (11,786) 4,392 (21,379) 4,275
Comprehensive income (loss) (28,347) (10,293) (321,530) (87,063)
Comprehensive (income) loss attributable to noncontrolling interest 291 (2,000) (1,758) (8,080)
Comprehensive income (loss) attributable to Groupon, Inc. (28,056) (12,293) (323,288) (95,143)
Service        
Revenue:        
Total revenue 155,073 268,080 474,478 831,510
Cost of revenue:        
Total cost of revenue 17,005 28,947 60,162 86,169
Product        
Revenue:        
Total revenue 148,946 227,532 599,337 775,089
Cost of revenue:        
Total cost of revenue 126,992 188,725 515,158 644,342
Continuing Operations        
Comprehensive income (loss):        
Other comprehensive income (loss) (11,786) 4,392 (21,379) 4,275
Discontinued Operations, Disposed of by Sale        
Comprehensive income (loss):        
Other comprehensive income (loss) $ 0 $ 0 $ 0 $ 0
[1] All share and per share information has been retroactively adjusted to reflect a reverse stock split. See Note 7, Stockholders' Equity and Compensation Arrangements for additional information.