XML 64 R26.htm IDEA: XBRL DOCUMENT v3.23.1
Segment Information
 12 Months Ended
Dec. 31, 2022
Segment Information [Abstract]  
Segment Information

19. Segment Information

 

The Company’s Chief Executive Officer, who is the chief operating decision maker (“CODM”), reviews financial information presented on a consolidated basis. There are no segment managers who are held accountable for operations, operating results and plans for levels or components below the consolidated unit level. The Company considers itself to be operating within one reportable segment.

 

The following table summarizes net sales from external customers (in thousands):

 

   December 31, 
   2022   2021   2020 
United States  $1,553,389   $2,101,975   $1,906,058 
Canada   138,123    211,778    150,707 
Rest of world   28,761    62,472    58,107 
Total  $1,720,273   $2,376,225   $2,114,872 

 

The following table summarizes net sales by product category and revenue stream (in thousands):

 

   Year Ended December 31, 
Net Sales by Product Category  2022   2021   2020 
Components & Storage  $1,046,095   $1,346,053   $1,311,608 
Computer System   345,949    644,923    403,203 
Office Solutions   96,679    155,526    155,592 
Software & Services   58,424    56,402    70,558 
Electronics   38,302    52,058    46,881 
Others   134,824    121,263    127,030 
Total Net Sales  $1,720,273   $2,376,225   $2,114,872 

 

   Year Ended December 31, 
Net Sales by Revenue Stream  2022   2021   2020 
Direct sales revenues(1)  $1,607,027   $2,243,421   $1,974,897 
Marketplace revenues(2)   47,005    63,492    57,640 
Services revenues(3)   66,241    69,312    82,335 
Total Net Sales  $1,720,273   $2,376,225   $2,114,872 

  

(1)Includes all first-party product sales where Newegg owns and sells its own inventories within its websites and third-party marketplace platforms.

 

(2)Includes all the commission revenues earned from sales made by sellers on its websites.

 

(3)Includes all revenue recognized from providing services to customers, including third-party logistics services, advertising services, and all other third-party seller services.

 

The following table summarizes net property, plant and equipment by country (in thousands):

 

   December 31, 
   2022   2021 
United States  $21,637   $23,178 
Canada   94    9 
Rest of world   23,344    26,962 
Total  $45,075   $50,149