Company name:

Pinterest Inc

  • IPO SHARE PRICE:
    $19.00
  • IPO DATE:
    18 April 2019
  • TICKER:
    PINS
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    505 Brannan Street San Francisco California 94107
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Pinterest Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
25.6% 41.8% 21.6%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
90.3%
41.8% —

Short-term passive investments

25.6% —

Cash and cash equivalents

21.6% —

Accounts Receivable

1.3% —

Prepaid expenses and other current assets

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents 		$122,509 $649,666 $669,230
Short-term passive investments 505,304 1,063,679 1,091,076
Accounts Receivable 221,932 316,367 563,733
Prepaid expenses and other current assets 39,607 37,522 33,502
Total current assets $889,352 $2,067,234 $2,357,541
6.0%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
9.7%
6.0% —

Operating lease - right-of-use assets

2.7% —

Property and equipment net

0.5% —

Goodwill and intangible assets

0.3% —

Long-term restricted cash

0.2% —

Other assets non-current
Selected Year:
Long-term restricted cash 11,724 25,339 9,110
Property and equipment net 81,512 91,992 69,375
Operating lease - right-of-use assets 145,203 188,251 155,916
Goodwill and intangible assets
14,071 14,576 13,562
Other assets non-current - 5,925 3,955
Other non-current assets 10,869 5,925 -
Total non-current assets 263,379 326,083 251,918
Total assets $1,152,731 $2,393,317 $2,609,459
6.0% 5.3% 175.3%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
7.8%
6.0% —

Accrued expenses and other current liabilities

1.9% —

Accounts payable
Selected Year:
Accounts payable $22,169 $34,334 $49,491
Accrued expenses and other current liabilities 86,258 141,823 155,340
Total current liabilities $108,427 $176,157 $204,831
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
6.2%
5.3% —

Operating leases

0.9% —

Other non-current liabilities
Selected Year:
Operating leases 151,395 173,392 139,321
Other non-current liabilities 22,073 20,063 22,936
Total long-term liabilities $173,468 $193,455 $162,257
Total Liabilities $281,895 $369,612 $367,088
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
85.9%
175.3% —

Additional paid-in capital

0.1% —

Accumulated other comprehensive income

0.0% —

Common stock Class A and Class B
Selected Year:
Redeemable convertible preferred stock
$1,465,399 - -
Common stock 1 - -
Common stock Class A and Class B - 6 6
Accumulated deficit
(845,355) (2,206,726) (2,335,049)
Additional paid-in capital
252,212 4,229,778 4,574,934
Accumulated other comprehensive income - 647 2,480
Accumulated other comprehensive (loss) income (1,421) - -
Total Equity ($594,563) $2,023,705 $2,242,371
Total Liabilities and Equity $1,152,731 $2,393,317 $2,609,459