Blue Apron Holdings Inc Income Statement - Real Clear Investing

Selected Quarter:

30-Sep
2021

Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers

	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Total Revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	94,322	101,857	131,040	112,253	115,458	129,706	124,010	109,654	478,828	438,616

Selected Quarter:

30-Sep
2021

Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells

117.6%

	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Cost of goods sold excluding depreciation and amortization Cost of goods sold excluding depreciation and amortization	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	57,565	60,638	77,868	74,499	69,919	81,592	77,585	73,397	302,493	293,588
Marketing	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	12,059	15,032	11,561	10,862	12,479	19,940	16,316	14,852	63,587	59,408
Product technology general and administrative	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	35,326	34,217	32,493	33,687	36,847	36,551	36,802	35,237	145,437	140,948
Depreciation and amortization	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	6,921	6,753	6,175	5,871	5,704	5,620	5,612	5,507	22,443	22,028
Other operating income or expenses	45,679	45,679	-	-	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	2,080	3,198	269	1,100	-	-	-	-	-	-
Total operating expenses	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	$113,951	$119,838	$128,366	$126,019	$124,949	$143,703	$136,315	$128,993	$533,960	$515,972

Selected Quarter:

30-Sep
2021

Income after excluding Operating Expenses from Total Revenue

17.6%

Key metric that shows earnings potential of the company's business model

	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Operating income	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($19,629)	($17,981)	$2,674	($13,766)	($9,491)	($13,997)	($12,305)	($19,339)	($55,132)	($77,356)

Selected Quarter:

30-Sep
2021

Cost usually unrelated to delivering service or manufacturing a product that business sells

5.9%

	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter:	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Other expense or income	45,679	45,679	-	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	548	(6,432)	(5,884)	(25,728)
(Gain) loss on early repayment of debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(4,089)	-	(4,089)	-
Total non-operating income (expense)	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	-	-	-	-	-	(3,541)	(6,432)	(9,973)	(25,728)

Selected Quarter:

30-Sep
2021

Income after excluding Operating and Non-operating Expenses from Total Revenue

23.5%

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory

	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
EBIT	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($19,629)	($17,981)	$2,674	($13,766)	($9,491)	($13,997)	($15,846)	($25,771)	($65,105)	($103,084)

Selected Quarter:

30-Sep
2021

Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure

1.7%

	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Interest expense and/or income	45,679	45,679	45,679	45,679	45,679	-	45,679	45,679	45,679	-	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-
Interest expense (income)	-	-	-	-	-	45,679	-	-	-	45,679	45,679	45,679	45,679	(2,225)	(2,155)	(1,541)	(1,482)	(2,370)	(1,708)	(2,731)	(1,864)	(8,673)	(7,456)
Income before income taxes	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(21,854)	(20,136)	1,133	(15,248)	(11,861)	(15,705)	(18,577)	(27,635)	(73,778)	(110,540)
Income tax expense or benefit	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(8)	(9)	(19)	(14)	-	(16)	(10)	(1)	(27)	(4)

Selected Quarter:

30-Sep
2021

Ultimate measure of Income - Net result after excluding all expenses from Total Revenue

25.2%

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders

	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	($21,862)	($20,145)	$1,114	($15,262)	($11,861)	($15,721)	($18,587)	($27,636)	($73,805)	($110,544)

Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective

	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2018 31-Jan	2018 31-Mar	2018 30-Jun	2018 31-Oct	2019 31-Jan	2019 31-Mar	2019 30-Jun	2019 30-Sep	2020 31-Jan	2020 31-Mar	2020 30-Jun	2020 30-Sep	2021 31-Jan	2021 31-Mar	2021 30-Jun	2021 30-Sep	2021 30-Sep	2021 30-Sep
Class A	-	-	-	-	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	8,152,853	9,727,283	9,886,644	14,031,986	14,375,373	14,657,259	20,207,631	24,052,784	24,052,784	24,052,784
Class B	-	-	-	-	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	5,114,327	3,654,248	3,654,147	3,653,820	3,493,791	3,393,791	3,393,708	-	-	-
Class C

Selected Quarter:

30-Sep
2021

Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)

	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Net Income per basic share - Class A	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	($1.66)	($1.51)	$0.08	($0.96)	($0.65)	($0.88)	($0.98)	($1.17)	($3.68)	($4.68)
Net Income per diluted share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	($1.66)	($1.51)	$0.08	($0.96)	($0.65)	($0.88)	($0.98)	($1.17)	($3.68)	($4.68)

Blue Apron Holdings Inc

Short Description

Income Statement

Cost of goods sold excluding depreciation and amortization

Product technology general and administrative

Marketing

Depreciation and amortization

Other operating income or expenses

Operating Income

(Gain) loss on early repayment of debt

Other expense or income

EBIT

Income tax expense or benefit

Interest expense (income)

Net income (loss)