Overstock Results Presentation Deck
Corporate Update
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Tax valuation allowance release of $47M
Released allowance on certain U.S. federal and state deferred tax assets due to recent actual results
and expected future financial performance
Closed blockchain fund transaction with Pelion Venture Partners in Q2
Consolidated statements of operations: recorded a $228M gain (net of tax, in discontinued operations)
to reflect fair value of assets in Medici Ventures Fund and retained minority equity interest in tZERO
Consolidated balance sheets: Medici Ventures Fund and retained minority equity interest in tZERO
classified as a $330M asset
Consolidated statements of cash flow: funded full $45M capital commitment
Overstock named to Parity.org's Best Companies for Women to Advance List 2021
overstock.
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