Company research
ContextLogic Inc.
CIK 1822250
Filing activity
Latest filing
1 filing on record · PRE 14A.
Recent filings
Financials
FY 2024 · USDSource
Source
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 156,000,000Source | 423,000,000Source | 799,000,000Source | 1,283,000,000Source |
| Property, Plant and Equipment, NetUSD | — | 4,000,000Source | 9,000,000Source | 17,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 66,000,000Source | 238,000,000Source | 506,000,000Source | 1,009,000,000Source |
| Assets, CurrentUSD | 156,000,000Source | 410,000,000Source | 777,000,000Source | 1,224,000,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 7,000,000Source | 21,000,000Source | 44,000,000Source | 48,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | 5,000,000Source | 9,000,000Source | 18,000,000Source |
| Other Assets, NoncurrentUSD | — | 4,000,000Source | 4,000,000Source | 7,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 5,000,000Source | 206,000,000Source | 322,000,000Source | 465,000,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 3,481,000,000Source | 3,470,000,000Source | 3,411,000,000Source | 3,360,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | -3,330,000,000Source | -3,246,000,000Source | -2,929,000,000Source | -2,545,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | -7,000,000Source | -5,000,000Source | 3,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 151,000,000Source | 217,000,000Source | 477,000,000Source | 818,000,000Source |
| Liabilities and EquityUSD | 156,000,000Source | 423,000,000Source | 799,000,000Source | 1,283,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,000,000Source | 196,000,000Source | 309,000,000Source | 449,000,000Source |
| Operating Lease, Liability, CurrentUSD | — | 7,000,000Source | 7,000,000Source | 9,000,000Source |
| Accounts Payable, CurrentUSD | — | 30,000,000Source | 53,000,000Source | 67,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | 6,000,000Source | 13,000,000Source | 16,000,000Source |
| Other Liabilities, NoncurrentUSD | — | 4,000,000Source | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 5,000,000Source | 90,000,000Source | 130,000,000Source | 174,000,000Source |
| Deferred Revenue, CurrentUSD | — | — | — | 9,000,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,000,000Source | 4,000,000Source | 6,000,000Source | 9,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 12,000,000Source | 64,000,000Source | 72,000,000Source | 141,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts PayableUSD | -15,000,000Source | -22,000,000Source | -13,000,000Source | -367,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | -1,000,000Source | 1,000,000Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -94,000,000Source | -341,000,000Source | -422,000,000Source | -951,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -68,000,000Source | 74,000,000Source | -47,000,000Source | -3,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | -2,000,000Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 3,000,000Source | 2,000,000Source | 2,000,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,000,000Source | -5,000,000Source | -22,000,000Source | 7,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -165,000,000Source | -275,000,000Source | -505,000,000Source | -947,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 73,000,000Source | 238,000,000Source | 513,000,000Source | 1,018,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | 252,000Source | 1,000,000Source | 7,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -1,000,000Source | 10,000,000Source | -15,000,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 4,000,000Source | — | — | — |
| General and Administrative ExpenseUSD | 42,000,000Source | 92,000,000Source | 116,000,000Source | 165,000,000Source |
| Income Tax Expense (Benefit)USD | 6,000,000Source | 5,000,000Source | 1,000,000Source | 10,000,000Source |
| Inventory Write-downUSD | — | — | 3,000,000Source | 13,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -75,000,000Source | -317,000,000Source | -384,000,000Source | -361,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -361,000,000Source |
| Operating ExpensesUSD | 86,000,000Source | 387,000,000Source | 564,000,000Source | 1,475,000,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 228,000,000Source | 390,000,000Source | 321,000,000Source | 248,000,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 43,000,000Source | 287,000,000Source | 571,000,000Source | 2,085,000,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -79,000,000Source | -328,000,000Source | -398,000,000Source | -367,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -69,000,000Source | -312,000,000Source | -383,000,000Source | -351,000,000Source |
| Income Tax Expense (Benefit)USD | 6,000,000Source | 5,000,000Source | 1,000,000Source | 10,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -75,000,000Source | -317,000,000Source | -384,000,000Source | -361,000,000Source |
| Earnings Per Share, BasicUSD per share | -2.92Source | -13.36Source | -0.57Source | — |
| Earnings Per Share, DilutedUSD per share | -2.92Source | -13.36Source | -0.57Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 25,690,000Source | 23,732,000Source | 672,000,000Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 25,690,000Source | 23,732,000Source | 672,000,000Source | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 6,000,000Source | 6,000,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -1,000,000Source | 10,000,000Source | -15,000,000Source |
| General and Administrative ExpenseUSD | 42,000,000Source | 92,000,000Source | 116,000,000Source | 165,000,000Source |
| Gross ProfitUSD | 7,000,000Source | 59,000,000Source | 166,000,000Source | 1,108,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -127,000,000Source | -321,000,000Source | -388,000,000Source | -422,000,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | 6,000,000Source | 16,000,000Source | 15,000,000Source | 16,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | -361,000,000Source |
| Operating ExpensesUSD | 86,000,000Source | 387,000,000Source | 564,000,000Source | 1,475,000,000Source |
| Research and Development ExpenseUSD | 26,000,000Source | 152,000,000Source | 194,000,000Source | 208,000,000Source |
| Selling and Marketing ExpenseUSD | 18,000,000Source | 143,000,000Source | 254,000,000Source | 1,102,000,000Source |