Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Farfetch.
Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.32B | $2.26B | $1.67B | $1.02B | $602.38M | $385.97M | $242.12M | $142.31M |
| Cost of Revenue | $1.29B | $1.49B | $1.12B | $674.78M | $327.47M | $192.18M | $132.13M | $72.81M |
| Gross Profit | $1.02B | $765.31M | $553.71M | $346.25M | $274.91M | $193.79M | $109.98M | $69.50M |
| Gross Profit Ratio | 44.17% | 33.91% | 33.08% | 33.91% | 45.64% | 50.21% | 45.42% | 48.84% |
| Research and Development Expenses | $226.75M | $13.60M | $22.48M | $66.02M | $12.46M | $5.10M | $4.97M | $773.00K |
| General and Administrative Expenses | $729.86M | $591.64M | $504.35M | $345.67M | $228.89M | $161.35M | $109.66M | $79.56M |
| Selling and Marketing Expenses | $272.01M | $291.82M | $198.79M | $151.35M | $97.30M | $69.20M | $48.38M | $34.16M |
| Selling General and Administrative Expenses | $1.27B | $1.28B | $1.09B | $674.76M | $434.75M | $282.46M | $193.43M | $126.20M |
| Other Expenses | $369.52M | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $1.87B | $1.29B | $1.11B | $740.79M | $447.20M | $287.56M | $198.40M | $126.97M |
| Cost and Expenses | $3.16B | $2.78B | $2.23B | $1.42B | $774.67M | $479.74M | $330.54M | $199.78M |
| Interest Income | $12.65M | $3.31M | $4.97M | $11.53M | $10.72M | $1.26M | $135.00K | $513.00K |
| Interest Expense | $80.44M | $77.31M | $51.35M | $8.26M | $- | $- | $- | $- |
| Depreciation and Amortization | $187.72M | $251.20M | $217.22M | $113.59M | $23.54M | $10.98M | $6.90M | $3.10M |
| EBITDA | $-515.97M | $1.80B | $-3.06B | $-251.05M | $-149.78M | $-99.58M | $-73.28M | $-54.37M |
| EBITDA Ratio | -22.27% | 79.86% | -182.89% | -24.59% | -24.86% | -25.80% | -30.27% | -38.20% |
| Operating Income | $-847.16M | $-524.19M | $-555.72M | $-394.53M | $-172.29M | $-93.77M | $-88.42M | $-57.48M |
| Operating Income Ratio | -36.57% | -23.23% | -33.20% | -38.64% | -28.60% | -24.30% | -36.52% | -40.39% |
| Total Other Income Expenses Net | $1.19B | $1.95B | $-2.77B | $21.64M | $18.87M | $-18.36M | $7.14M | $-4.26M |
| Income Before Tax | $341.26M | $1.47B | $-3.33B | $-372.89M | $-153.45M | $-112.14M | $-81.28M | $-61.73M |
| Income Before Tax Ratio | 14.73% | 65.30% | -198.93% | -36.52% | -25.47% | -29.05% | -33.57% | -43.38% |
| Income Tax Expense | $-3.52M | $3.00M | $-14.43M | $1.16M | $2.16M | $170.00K | $199.00K | $95.00K |
| Net Income | $359.29M | $1.47B | $-3.33B | $-385.30M | $-155.57M | $-112.28M | $-81.41M | $-61.08M |
| Net Income Ratio | 15.51% | 64.99% | -199.12% | -37.74% | -25.83% | -29.09% | -33.63% | -42.92% |
| EPS | $0.93 | $4.02 | $-9.69 | $-1.21 | $-0.59 | $-0.38 | $-0.28 | $-0.21 |
| EPS Diluted | $0.77 | $3.10 | $-9.69 | $-1.21 | $-0.59 | $-0.38 | $-0.28 | $-0.21 |
| Weighted Average Shares Outstanding | 384.99M | 364.70M | 343.83M | 318.84M | 264.43M | 292.86M | 292.86M | 292.86M |
| Weighted Average Shares Outstanding Diluted | 465.69M | 472.36M | 343.83M | 318.84M | 264.43M | 292.86M | 292.86M | 292.86M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $734.22M | $1.36B | $1.57B | $322.43M | $1.04B | $384.00M | $150.03M |
| Short Term Investments | $- | $99.97M | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $734.22M | $1.46B | $1.57B | $322.43M | $1.04B | $384.00M | $150.03M |
| Net Receivables | $82.64M | $384.91M | $212.03M | $40.57M | $2.73M | $- | $- |
| Inventory | $345.97M | $255.66M | $145.31M | $128.11M | $60.95M | $50.61M | $13.59M |
| Other Current Assets | $426.60M | $335.08M | $196.50M | $154.22M | $90.94M | $18.18M | $17.28M |
| Total Current Assets | $1.59B | $2.11B | $1.96B | $645.33M | $1.20B | $452.79M | $180.90M |
| Property Plant Equipment Net | $278.78M | $292.61M | $268.31M | $183.18M | $37.53M | $26.70M | $15.79M |
| Goodwill | $402.30M | $382.29M | $356.52M | $341.07M | $36.04M | $38.45M | $25.50M |
| Intangible Assets | $1.15B | $977.37M | $922.81M | $1.02B | $67.30M | $35.59M | $17.44M |
| Goodwill and Intangible Assets | $1.55B | $1.36B | $1.28B | $1.36B | $103.34M | $74.04M | $42.94M |
| Long Term Investments | $219.12M | $49.23M | $68.68M | $31.08M | $11.11M | $9.53M | $5.39M |
| Tax Assets | $19.57M | $13.33M | $13.56M | $5.32M | $-10.46M | $-9.19M | $-5.37M |
| Other Non-Current Assets | $21.20M | $- | $- | $- | $10.46M | $9.19M | $5.37M |
| Total Non-Current Assets | $2.09B | $1.71B | $1.63B | $1.58B | $151.98M | $110.27M | $64.13M |
| Other Assets | $- | $- | $- | $- | $1 | $- | $- |
| Total Assets | $3.68B | $3.83B | $3.59B | $2.23B | $1.35B | $563.06M | $245.03M |
| Account Payables | $310.96M | $342.94M | $277.83M | $180.27M | $96.18M | $73.99M | $56.32M |
| Short Term Debt | $37.00M | $356.37M | $344.90M | $-11.48M | $- | $- | $2.57M |
| Tax Payables | $6.08M | $5.19M | $3.10M | $28.29M | $1.51M | $666.00K | $102.00K |
| Deferred Revenue | $50.41M | $60.49M | $30.96M | $29.97M | $- | $- | $102.00K |
| Other Current Liabilities | $478.44M | $465.05M | $440.74M | $210.99M | $96.47M | $81.23M | $30.23M |
| Total Current Liabilities | $882.88M | $907.26M | $778.75M | $468.00M | $194.16M | $155.89M | $89.42M |
| Long Term Debt | $1.07B | $696.72M | $783.06M | $100.83M | $- | $- | $17.34M |
| Deferred Revenue Non-Current | $- | $180.91M | $165.28M | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $156.03M | $182.46M | $219.79M | $- | $- | $- |
| Other Non-Current Liabilities | $816.47M | $1.95B | $3.69B | $321.22M | $28.80M | $10.27M | $19.35M |
| Total Non-Current Liabilities | $1.89B | $2.65B | $4.47B | $422.05M | $28.80M | $10.27M | $36.69M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.77B | $3.56B | $5.25B | $890.05M | $222.96M | $166.16M | $126.12M |
| Preferred Stock | $- | $- | $- | $- | $- | $5.17M | $4.18M |
| Common Stock | $15.79M | $15.23M | $14.17M | $13.58M | $11.99M | $1.92M | $2.01M |
| Retained Earnings | $-688.84M | $-1.20B | $-2.83B | $-42.61M | $300.17M | $-327.02M | $-216.90M |
| Accumulated Other Comprehensive Income Loss | $919.80M | $-365.85M | $59.47M | $318.62M | $43.97M | $36.95M | $-13.01M |
| Other Total Stockholders Equity | $501.46M | $2.83B | $2.11B | $1.66B | $1.56B | $679.89M | $342.64M |
| Total Stockholders Equity | $748.21M | $88.61M | $-1.83B | $1.17B | $1.13B | $396.90M | $118.92M |
| Total Equity | $905.62M | $270.62M | $-1.66B | $1.34B | $1.13B | $396.90M | $118.92M |
| Total Liabilities and Stockholders Equity | $3.68B | $3.83B | $3.59B | $2.23B | $1.35B | $563.06M | $245.03M |
| Minority Interest | $157.41M | $182.01M | $168.56M | $170.23M | $- | $- | $-1.00K |
| Total Liabilities and Total Equity | $3.68B | $3.83B | $3.59B | $2.23B | $1.35B | $563.06M | $245.03M |
| Total Investments | $219.12M | $149.20M | $68.68M | $31.08M | $11.11M | $9.53M | $5.39M |
| Total Debt | $1.11B | $730.31M | $809.19M | $119.32M | $- | $- | $20.01M |
| Net Debt | $373.72M | $-632.82M | $-764.23M | $-203.11M | $-1.04B | $-384.00M | $-130.02M |
Cash Flow Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $359.29M | $1.47B | $-3.33B | $-385.30M | $-155.57M | $-112.28M | $-81.41M | $-61.08M |
| Depreciation and Amortization | $332.77M | $251.20M | $217.22M | $113.59M | $23.54M | $10.98M | $6.90M | $3.10M |
| Deferred Income Tax | $-53.27M | $73.33M | $-259.33M | $-97.24M | $28.68M | $15.29M | $-2.60M | $-20.00K |
| Stock Based Compensation | $244.86K | $196.17K | $291.63K | $178.23K | $53.82M | $20.47M | $18.43M | $6.50M |
| Change in Working Capital | $-338.43K | $-247.61M | $376.29M | $43.77M | $-25.06M | $11.64M | $3.63M | $7.81M |
| Accounts Receivables | $-105.98K | $-164.66M | $-15.83M | $-51.27M | $-72.15M | $-598.00K | $-9.52M | $-3.65M |
| Inventory | $-85.61K | $-104.84M | $-16.47M | $-29.72M | $-10.35M | $-35.16M | $-6.31M | $-2.84M |
| Accounts Payables | $-73.58M | $115.03M | $280.45M | $113.72M | $57.43M | $47.41M | $19.46M | $14.29M |
| Other Working Capital | $73.44M | $-93.14M | $128.14M | $11.05M | $-2.47M | $3.54M | $7.35M | $7.16M |
| Other Non Cash Items | $-1.19B | $-1.13B | $2.99B | $302.23M | $121.90M | $43.48M | $35.61M | $11.79M |
| Net Cash Provided by Operating Activities | $-554.38M | $-311.95M | $65.35M | $-120.16M | $-107.34M | $-56.49M | $-45.44M | $-36.78M |
| Investments in Property Plant and Equipment | $-22.19K | $-196.56M | $-120.94M | $-112.50M | $-72.11M | $-31.61M | $-18.60M | $-16.01M |
| Acquisitions Net | $-73.86K | $454.19M | $-12.02M | $-461.42M | $- | $195.00K | $-5.03M | $-12.04M |
| Purchases of Investments | $-210.00M | $-109.79M | $-2.87M | $-20.85M | $-288.00K | $-278.00K | $- | $- |
| Sales Maturities of Investments | $101.48M | $301.80M | $105.80M | $543.99M | $- | $- | $- | $- |
| Other Investing Activities | $108.27M | $-274.51K | $-93.79K | $-82.30K | $-42.40M | $-16.44M | $-10.95M | $-6.10M |
| Net Cash Used for Investing Activities | $-344.34K | $147.84M | $-135.83M | $-594.76M | $-72.40M | $-31.70M | $-23.63M | $-28.05M |
| Debt Repayment | $302.68K | $- | $1.24B | $-19.13M | $- | $-21.95M | $19.33M | $-303.00K |
| Common Stock Issued | $2.55M | $36.83M | $112.90M | $8.65M | $859.53M | $322.10M | $146.87M | $77.72M |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $283.38M | $-80.39M | $-39.57M | $8.65M | $859.53M | $322.10M | $146.87M | $77.72M |
| Net Cash Used Provided by Financing Activities | $283.68M | $-43.55M | $1.32B | $-10.47M | $859.53M | $300.14M | $166.20M | $77.41M |
| Effect of Forex Changes on Cash | $-4.96K | $-2.62K | $6.28K | $3.04K | $-19.00M | $22.01M | $-19.68M | $-3.45M |
| Net Change in Cash | $-628.91K | $-210.29M | $1.25B | $-722.36M | $660.78M | $233.97M | $77.45M | $9.14M |
| Cash at End of Period | $734.22K | $1.36B | $1.57B | $322.43M | $1.04B | $384.00M | $150.03M | $72.58M |
| Cash at Beginning of Period | $1.36M | $1.57B | $322.43M | $1.04B | $384.00M | $150.03M | $72.58M | $63.44M |
| Operating Cash Flow | $-536.60K | $-311.95M | $65.35M | $-120.16M | $-107.34M | $-56.49M | $-45.44M | $-36.78M |
| Capital Expenditure | $-22.19K | $-196.56M | $-120.94M | $-112.50M | $-72.11M | $-31.61M | $-18.60M | $-16.01M |
| Free Cash Flow | $-558.79K | $-508.51M | $-55.59M | $-232.66M | $-179.45M | $-88.10M | $-64.04M | $-52.79M |