Company name:

Etsy Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    April 16, 2015
  • TICKER:
    ETSY
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    117 Adams Street Brooklyn NY 11201
  • 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

Etsy Inc

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
42.9% - Net income (loss)
18.0% - Accrued and other liabilities
11.1% - Funds payable and amounts due to sellers
8.0% - Stock-based compensation
7.1% - Depreciation and amortization
4.4% - Non-cash interest expense
2.1% - (Gain) loss on repayment of debt
1.8% - Provision for expected credit losses
1.8% - Accounts payable
0.9% - (Gain) loss on foreign currency
0.6% - Other assets
0.4% - Deferred revenue
0.3% - Amortization of debt issuance costs
0.3% - Interest expense (income) on marketable securities
0.3% - Deferred income taxes
SOURCEs
7.1% 4.4% 11.1% 18.0% 8.0% 42.9%
100 %
0%
USES
83.3% 11.1%
11.1% - Funds receivable and seller accounts
2.8% - Accounts receivable
2.1% - Prepaid expenses and other assets
0.7% - Other liabilities
0.1% - (Gain) loss on sale of assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
 $77,491 $95,894 $349,246 $349,246 $594,152
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
$45,679
 26,742 48,031 58,189 58,189 52,404
Amortization of deferred tax charges
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Amortization of debt issuance costs
$45,679
$45,679
$45,679
$45,679
$45,679
 1,191 2,006 2,751 2,751 11,004
Stock-based compensation
$45,679
$45,679
$45,679
$45,679
$45,679
 34,477 44,395 65,114 65,114 69,800
Stock-based compensation expense-acquisitions
$45,679
$45,679
$45,679
$45,679
$45,679
 3,754 - - - -
Provision for (recovery of) bad debt expense
$45,679
$45,679
$45,679
$45,679
$45,679
 4,124 10,963 - - -
Provision for expected credit losses
-
-
-
-
-
 4,124 10,963 15,033 15,033 21,844
Interest expense
-
$45,679
$45,679
$45,679
$45,679
 10,968 19,108 - - -
Non-cash interest expense
-
-
-
-
-
 10,968 19,108 36,086 36,086 39,040
Interest income on marketable securities
-
$45,679
$45,679
$45,679
$45,679
 (2,887) (4,182) - - -
Interest expense (income) on marketable securities
-
-
-
-
-
 (2,887) (4,182) 2,729 2,729 10,916
Excess tax benefit related to stock-options compensation Excess tax benefit related to stock-options compensation
$45,679
$45,679
-
-
-
 - - - - -
Contribution of stock to Good Work Institute (formerly Etsy org) Contribution of stock to Good Work Institute (formerly Etsy org)
$45,679
$45,679
$45,679
-
-
 - - - - -
Deferred income taxes
-
-
$45,679
$45,679
$45,679
 (22,414) (15,248) 2,202 2,202 (14,212)
Asset impairments
-
-
$45,679
$45,679
$45,679
 - - - - -
(Gain) loss on sale of assets
$45,679
$45,679
$45,679
$45,679
$45,679
 136 1,667 (795) (795) (3,180)
Loss on asset impairment
-
$45,679
-
-
-
 - - - - -
(Gain) loss on repayment of debt
-
-
-
-
-
 - - 16,855 16,855 -
(Gain) loss on foreign currency
$45,679
$45,679
$45,679
$45,679
$45,679
 5,997 (5,708) 7,349 7,349 (4,840)
Net unrealized gain or loss on warrant and other liabilities Net unrealized gain or loss on warrant and other liabilities
$45,679
$45,679
$45,679
-
-
 - - - - -
Accounts receivable
$45,679
$45,679
$45,679
$45,679
$45,679
 17,215 (12,656) (22,540) (22,540) (90,160)
Funds receivable and seller accounts
$45,679
$45,679
$45,679
$45,679
$45,679
 23,436 (23,177) (90,141) (90,141) (360,564)
Prepaid expenses and other assets
$45,679
$45,679
$45,679
$45,679
$45,679
 (4,785) (14,156) (16,963) (16,963) (67,852)
Other assets
$45,679
$45,679
$45,679
$45,679
$45,679
 43 4,045 4,816 4,816 19,264
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
 13,364 (953) 14,550 14,550 58,200
Funds payable and amounts due to sellers
$45,679
$45,679
$45,679
$45,679
$45,679
 (23,436) 23,177 90,141 90,141 360,564
Accrued expenses
$45,679
-
-
-
-
 - - - - -
Accrued and other liabilities
-
$45,679
$45,679
$45,679
$45,679
 23,079 37,410 146,634 146,634 586,536
Deferred revenue
$45,679
$45,679
$45,679
$45,679
$45,679
 1,331 191 3,312 3,312 13,248
Other liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
 9,099 (3,887) (5,612) (5,612) (22,448)
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
$45,679
 $198,925 $206,920 $678,956 $678,956 $974,668
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
97.8% - Maturities and sales of marketable securities
SOURCEs
2.2% 97.8%
100 %
0%
USES
0.0% 98.4%
98.4% - Purchases of marketable securities
1.1% - Development of internal-use software
0.3% - (Purchase) sale of property and equipment
0.2% - Purchases of intangible assets
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Increase) decrease in restricted cash and deposits
$45,679
$45,679
-
-
-
 - - - - -
Purchase of US government and agency bills
$45,679
-
-
-
-
 - - - - -
Purchases of marketable securities
-
$45,679
$45,679
$45,679
$45,679
 (514,286) (661,821) (499,237) (499,237) (793,428)
Sale of marketable securities
$45,679
$45,679
$45,679
$45,679
$45,679
 284,943 461,098 - - -
Maturities and sales of marketable securities
-
-
-
-
-
 284,943 461,098 495,848 495,848 1,983,392
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,019) (7,528) (1,445) (1,445) (4,228)
Purchases of intangible assets
-
-
-
$45,679
$45,679
 (35,494) (1,963) (880) (880) (3,520)
Development of internal-use software
$45,679
$45,679
$45,679
$45,679
$45,679
 (19,537) (7,750) (5,665) (5,665) (7,920)
Acquisitions
-
-
-
-
-
 - (270,409) - - -
Acquisition of business net of cash
$45,679
$45,679
$45,679
$45,679
$45,679
 - (270,409) - - -
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
$45,679
 ($285,393) ($488,373) ($11,379) ($11,379) ($212,088)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
96.3% - Issuance of senior convertible notes
3.7% - Issuance of common stock from exercise of stock options
SOURCEs
96.3% 3.7%
100 %
0%
USES
17.7% 7.1% 20.3% 11.1% 39.8%
39.8% - Stock repurchases
20.3% - Repayment of convertible senior notes
11.1% - Purchase of capped calls
7.1% - Employee withholding taxes paid on share-based compensation
1.6% - Debt issuance costs
1.4% - Repayment of finance leases
1.2% - Other financing activities
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Issuance of common stock
$45,679
$45,679
-
-
-
 - - - - -
Public equity offering
$45,679
$45,679
$45,679
-
-
 - - - - -
Issuance of common stock from exercise of stock options Issuance of common stock from exercise of stock options
-
-
-
-
-
 18,253 9,791 25,319 25,319 27,332
Issuance of equity from exercise of stock options
$45,679
-
-
-
-
 - - - - -
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
-
$45,679
$45,679
$45,679
$45,679
 18,253 9,791 - - -
Payments relating to public offering
$45,679
$45,679
$45,679
-
-
 - - - - -
Issuance of senior convertible notes
-
-
-
$45,679
$45,679
 345,000 650,000 650,000 650,000 -
Repayment of convertible senior notes
-
-
-
-
-
 - - (137,168) (137,168) (8)
Repayment of financing obligations
-
-
$45,679
$45,679
$45,679
 (10,164) - - - -
Repayment of finance leases
-
-
-
-
$45,679
 (6,057) (10,833) (9,211) (9,211) (8,620)
Repayments of capital leases
$45,679
$45,679
$45,679
$45,679
$45,679
 (6,057) - - - -
Debt issuance costs
-
-
-
$45,679
$45,679
 (9,962) (11,904) (10,531) (10,531) (3,068)
Deferred payments on acquisition of business
$45,679
$45,679
-
$45,679
$45,679
 - - - - -
Employee withholding taxes paid on share-based compensation Employee withholding taxes paid on share-based compensation
-
-
-
$45,679
$45,679
 (24,065) (32,547) (47,716) (47,716) (111,620)
Repurchase of stock for tax on RSU vesting
-
-
$45,679
-
-
 - - - - -
Excess tax benefit from stock-based compensation
$45,679
$45,679
-
-
-
 - - - - -
Stock repurchases
-
$45,679
$45,679
$45,679
$45,679
 (134,647) (176,985) (268,653) (268,653) (309,964)
Purchase of capped calls
-
-
-
$45,679
$45,679
 (34,224) (76,180) (74,685) (74,685) -
Other financing activities
-
-
-
$45,679
$45,679
 (128) 8,265 (8,073) (8,073) 780
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
$45,679
 $144,006 $359,607 $119,282 $119,282 ($405,168)
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$800,806,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
$45,679
 $320,783 $372,326 $448,634 - $4,601,260
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
$45,679
$45,679
 (5,995) (1,846) 13,947 - 39,088
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
 51,543 76,308 800,806 - 396,500
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
$45,679
 $372,326 $448,634 $1,249,440 - $4,997,760