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

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
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
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
45,679
45,679
45,679
 441,231 603,693 818,379 1,725,625 1,725,625 2,469,420
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
75.4%
29.0% —

Marketing

26.9% —

Cost of revenue

10.4% —

Product development

9.0% —

General and administrative
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
45,679
45,679
45,679
45,679
 150,986 190,762 271,036 464,745 464,745 603,120
Gross profit
45,679
45,679
45,679
45,679
 290,245 412,931 547,343 1,260,880 1,260,880 1,866,300
Product development
45,679
45,679
45,679
45,679
 74,616 97,249 121,878 180,080 180,080 204,628
Marketing
45,679
45,679
45,679
45,679
 109,085 158,013 215,570 500,756 500,756 843,060
General and administrative
45,679
45,679
45,679
45,679
 91,486 82,883 121,134 156,035 156,035 173,272
Asset impairment
-
-
45,679
45,679
 3,162 - - - - -
Total operating expenses
45,679
45,679
45,679
45,679
 278,349 338,145 458,582 836,871 836,871 1,220,960
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
24.6%
24.6% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
 $11,896 $74,786 $88,761 $424,009 $424,009 $645,340
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
1.4%
0.4% —

Foreign exchange gain (loss)

1.0% —

Loss on early repayment of debt
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Foreign exchange gain (loss)
45,679
45,679
45,679
45,679
 29,105 (6,487) 3,006 (6,522) (6,522) 11,160
Net unrealized gain or loss on warrant and other liabilities
45,679
45,679
45,679
-
 - - - - - -
Loss on early repayment of debt
-
-
-
-
 - - - (16,855) (16,855) -
Total non-operating income (expense)
45,679
45,679
45,679
45,679
 29,105 (6,487) 3,006 (23,377) (23,377) 11,160
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
23.2%
23.2% —

EBIT

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
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
 $41,001 $68,299 $91,767 $400,632 $400,632 $656,500
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
3.0%
0.4% —

Interest and other income

1.0% —

Income tax expense or benefit

2.4% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
-
-
-
45,679
 (11,130) (22,178) (24,320) (42,025) (42,025) (45,668)
Interest expense and amortization of deferred financing costs Interest expense and amortization of deferred financing costs
45,679
45,679
45,679
-
 - - - - - -
Interest and other income
45,679
45,679
45,679
45,679
 2,394 8,957 13,199 7,102 7,102 2,396
Total other expense or income
45,679
45,679
45,679
45,679
 20,369 (19,708) (8,115) (58,300) (58,300) (32,112)
Income before income taxes
45,679
45,679
45,679
45,679
 32,265 55,078 80,646 365,709 365,709 613,228
Income tax expense or benefit
45,679
45,679
45,679
45,679
 49,535 22,413 15,248 (16,463) (16,463) (19,076)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
20.2%
20.2% —

Net income (loss)

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
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
 $81,800 $77,491 $95,894 $349,246 $349,246 $594,152

Basic Shares Outstanding
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
Common
-
-
45,678,795
45,678,795
 121,502,754 119,566,393 117,949,068 126,049,276 126,049,276 126,049,276
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $0.69 $0.64 $0.80 $2.88 $2.88 $4.80
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $0.68 $0.61 $0.76 $2.69 $2.69 $4.40