Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Changes in Redeemable Capital Units, Members' Equity, and Stockholder's Equity (Unaudited)

v3.21.2
Consolidated Statements of Changes in Redeemable Capital Units, Members' Equity, and Stockholder's Equity (Unaudited) - USD ($)
Total
Class A Redeemable Units
Class B Redeemable Units
Common Class A
Common Class B
Capital Units
Profit Units
Common Stock
Common Class A
Common Stock
Common Class B
Common Stock
Common Class C
Common Stock
Common Class D
Additional paid in capital
Profit Units
Profit Units
Profit Units
Accumulated other comprehensive income (loss)
Accumulated deficit
Accumulated deficit
Capital Units
Accumulated deficit
Profit Units
Total stockholders’ equity attributable to Clear Secure, Inc.
Total stockholders’ equity attributable to Clear Secure, Inc.
Capital Units
Total stockholders’ equity attributable to Clear Secure, Inc.
Profit Units
Non-Controlling Interest
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Beginning balance (in shares)   316,785 4,759,569                                      
Beginning balance at Dec. 31, 2019   $ 3,168,000 $ 432,062,000                                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Temporary equity issuance (in shares)     422,039                                      
Temporary equity issuance     $ 113,944,000                                      
Temporary equity repurchased and retired (in shares)   (54,843) (677,387)                                      
Temporary equity repurchased and retired   $ (548,000) $ (14,053,000)                                      
Warrant expense     1,441,000                                      
Ending balance at Mar. 31, 2020   $ 2,620,000 $ 533,394,000                                      
Ending balance (in shares) at Mar. 31, 2020   261,942 4,504,221                                      
Beginning balance (in shares) at Dec. 31, 2019                         2,113,008                  
Beginning balance at Dec. 31, 2019 $ (283,329,000)                       $ 8,022,000   $ 3,000 $ (291,354,000)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income (loss) (51,253,000)                             (51,253,000)            
Other comprehensive income (loss) (64,000)                           (64,000)              
Issuance of stock, net of costs (in shares)                         37,700                  
Repurchased and retirement of equity           $ (183,102,000) $ (12,459,000)             $ (1,630,000)     $ (183,102,000) $ (10,829,000)        
Repurchased and retirement of equity (in shares)                           (328,834)                
Equity-based compensation expense, net of forfeitures 351,000                       $ 351,000                  
Ending balance (in shares) at Mar. 31, 2020                         1,821,874                  
Ending balance at Mar. 31, 2020 (529,856,000)                       $ 6,743,000   (61,000) (536,538,000)            
Beginning balance at Dec. 31, 2019   $ 3,168,000 $ 432,062,000                                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Temporary equity issuance     113,944,000                                      
Ending balance at Jun. 30, 2020   $ 2,620,000 $ 533,535,000                                      
Ending balance (in shares) at Jun. 30, 2020   261,942 4,504,221                                      
Beginning balance (in shares) at Dec. 31, 2019                         2,113,008                  
Beginning balance at Dec. 31, 2019 (283,329,000)                       $ 8,022,000   3,000 (291,354,000)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income (loss) (28,907,000)                                          
Other comprehensive income (loss) 64,000                                          
Ending balance (in shares) at Jun. 30, 2020                         1,764,824                  
Ending balance at Jun. 30, 2020 (507,180,000)                       $ 7,068,000   67,000 (514,315,000)            
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Beginning balance (in shares)   261,942 4,504,221                                      
Beginning balance at Mar. 31, 2020   $ 2,620,000 $ 533,394,000                                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Warrant expense     141,000                                      
Ending balance at Jun. 30, 2020   $ 2,620,000 $ 533,535,000                                      
Ending balance (in shares) at Jun. 30, 2020   261,942 4,504,221                                      
Beginning balance (in shares) at Mar. 31, 2020                         1,821,874                  
Beginning balance at Mar. 31, 2020 (529,856,000)                       $ 6,743,000   (61,000) (536,538,000)            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income (loss) 22,346,000                             22,346,000            
Other comprehensive income (loss) 128,000                           128,000              
Repurchased and retirement of equity             $ (126,000)             $ (3,000)       (123,000)        
Repurchased and retirement of equity (in shares)                           (57,050)                
Equity-based compensation expense, net of forfeitures 328,000                       $ 328,000                  
Ending balance (in shares) at Jun. 30, 2020                         1,764,824                  
Ending balance at Jun. 30, 2020 (507,180,000)                       $ 7,068,000   67,000 (514,315,000)            
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Beginning balance (in shares)   261,942 4,504,221                                      
Beginning balance (in shares)   261,942,000 4,621,459,000                                      
Beginning balance at Dec. 31, 2020 569,251,000 $ 2,620,000 $ 566,631,000                                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Temporary equity issuance 81,567,000                                          
Temporary equity repurchased and retired           (439,000)                                
Warrant expense 281,000                                          
Ending balance at Mar. 31, 2021 650,660,000                                          
Beginning balance (in shares) at Dec. 31, 2020             1,868,322,000           1,868,322                  
Beginning balance at Dec. 31, 2020 (486,896,000)                       $ 7,846,000   27,000 (494,769,000)     $ (486,896,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income (loss) (13,128,000)                             (13,128,000)     (13,128,000)      
Other comprehensive income (loss) 25,000                           25,000       25,000      
Repurchased and retirement of equity           $ (3,005,000) $ (8,302,000)           $ (56,000)       $ (3,005,000) $ (8,246,000)   $ (3,005,000) $ (8,302,000)  
Repurchased and retirement of equity (in shares)                         (71,247)                  
Equity-based compensation expense, net of forfeitures 327,000                       $ 327,000           327,000      
Ending balance (in shares) at Mar. 31, 2021                         1,797,075                  
Ending balance at Mar. 31, 2021 (510,979,000)                       $ 8,117,000   52,000 (519,148,000)     (510,979,000)      
Beginning balance at Dec. 31, 2020 569,251,000 2,620,000 $ 566,631,000                                      
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Temporary equity repurchased and retired (in shares)     (11,869,000)                                      
Temporary equity repurchased and retired     $ (3,442,000)                                      
Ending balance at Jun. 30, 2021 0 0 0                                      
Beginning balance (in shares) at Dec. 31, 2020             1,868,322,000           1,868,322                  
Beginning balance at Dec. 31, 2020 (486,896,000)                       $ 7,846,000   27,000 (494,769,000)     (486,896,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income (loss) (51,227,000)                                          
Other comprehensive income (loss) 31,000                                          
Effect of reorganization transaction (in shares)       59,240,306,000 1,042,234,000                                  
Ending balance (in shares) at Jun. 30, 2021               59,240,306 1,042,234 44,598,167 26,709,821                      
Ending balance (in shares) at Jun. 30, 2021                         0                  
Ending balance at Jun. 30, 2021                         $ 0                  
Ending balance at Jun. 30, 2021 136,866,000             $ 1,000       $ 64,644,000     0 (2,004,000)     62,641,000     $ 74,225,000
Beginning balance at Mar. 31, 2021 650,660,000                                          
Increase (Decrease) in Temporary Equity [Roll Forward]                                            
Effect of reorganization transaction (685,703,000)                                          
Warrant expense 819,000                                          
Ending balance at Jun. 30, 2021 0 $ 0 $ 0                                      
Beginning balance (in shares) at Mar. 31, 2021                         1,797,075                  
Beginning balance at Mar. 31, 2021 (510,979,000)                       $ 8,117,000   52,000 (519,148,000)     (510,979,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Net income (loss) (38,099,000)                                          
Other comprehensive income (loss) 6,000                                         6,000
Issuance of stock, net of costs (in shares)                   44,598,167 26,709,821                      
Exercise of warrants prior to the reorganization transaction 34,224,000                                          
Equity-based compensation expense, net of forfeitures 4,253,000                     1,786,000 $ 353,000           2,139,000     2,114,000
Equity-based compensation expense, net of forfeitures (in shares)                         (26,925)                  
Tax distribution to members (4,018,000)                             (4,018,000)     (4,018,000)      
Effect of reorganization transaction (in shares)               59,240,306 1,042,234       (1,770,150)                  
Effect of reorganization transaction 685,703,000             $ 1,000       62,858,000 $ (8,470,000)   (52,000) 556,886,000     611,223,000     74,480,000
Ending balance (in shares) at Jun. 30, 2021               59,240,306 1,042,234 44,598,167 26,709,821                      
Ending balance (in shares) at Jun. 30, 2021                         0                  
Ending balance at Jun. 30, 2021                         $ 0                  
Ending balance at Jun. 30, 2021 $ 136,866,000             $ 1,000       $ 64,644,000     $ 0 $ (2,004,000)     $ 62,641,000     $ 74,225,000