Etsy, Inc. (ETSY) Financial Statements (2024 and earlier)

Company Profile

Business Address 117 ADAMS STREET
BROOKLYN, NY 11201
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,171,691984,6121,669,218817,252624,287340,550
Cash and cash equivalents921,278780,1961,244,099443,293366,985315,442
Short-term investments250,413204,416425,119373,959257,30225,108
Receivables27,88827,26622,60515,38612,24433,677
Other undisclosed current assets314,164329,623202,95888,40043,75865,037
Total current assets:1,513,7431,341,5011,894,781921,038680,289439,264
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 102,169109,13150,26159,696
Operating lease, right-of-use asset 38,78445,95119,56324,362
Property, plant and equipment     120,179117,617
Long-term investments and receivables29,13785,03439,09489,343  
Long-term investments29,13785,03439,09489,343  
Intangible assets, net (including goodwill)673,1301,978,234328,259337,96772,07142,641
Goodwill137,7241,371,064140,810138,73137,48238,541
Intangible assets, net (excluding goodwill)535,406607,170187,449199,23634,5894,100
Regulated entity, other noncurrent assets     6,700 
Restricted cash and investments 5,3415,3415,3415,3415,3415,341
Deferred income tax assets121,50695,86311514,257
Other noncurrent assets42,36050,77424,40429,542507720
Other undisclosed noncurrent assets108,791119,98042,67160,80616,764 
Total noncurrent assets:1,121,2182,490,308509,708621,314221,562166,319
TOTAL ASSETS:2,634,9613,831,8092,404,4891,542,352901,851605,583
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities359,991356,125273,235114,66975,70342,365
Accounts payable28,75728,00740,88326,32426,54513,622
Accrued liabilities331,234328,118232,35288,34549,15828,743
Deferred revenue14,00812,33911,2647,617
Debt4,7312,4188,53712,4093,8845,798
Deferred revenue and credits6,262
Contract with customer, liability7,478
Other liabilities19,06424,50014,8228,1813,9253,394
Other undisclosed current liabilities233,961220,206146,80645,65221,07244,658
Total current liabilities:631,755615,588454,664188,528112,062102,477
Noncurrent Liabilities
Long-term debt and lease obligation105,699154,02962,18175,9332,0954,115
Capital lease obligations2,0954,115
Finance lease, liability105,699110,28344,97953,611
Liabilities, other than long-term debt203,226201,901100,123108,45319,86418,262
Deferred income tax liabilities44,73579,48458,48164,497
Other liabilities120,406122,41741,64243,95619,86418,262
Operating lease, liability 38,08543,74617,20222,322
Other undisclosed noncurrent liabilities2,241,5552,231,6721,045,097762,804366,93283,835
Total noncurrent liabilities:2,550,4802,587,6021,207,401947,190388,891106,212
Total liabilities:3,182,2353,203,1901,662,0651,135,718500,953208,689
Equity
Equity, attributable to parent(547,274)628,619742,424406,634400,898396,894
Common stock125127126119120122
Additional paid in capital815,085631,762883,166642,628562,033499,441
Accumulated other comprehensive income (loss)(314,217)(75,014)5,951(8,699)(7,813)(6,379)
Retained earnings (accumulated deficit)(1,048,267)71,744(146,819)(227,414)(153,442)(96,290)
Total equity:(547,274)628,619742,424406,634400,898396,894
TOTAL LIABILITIES AND EQUITY:2,634,9613,831,8092,404,4891,542,352901,851605,583

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,566,1112,329,1141,725,625818,379603,693441,231
Revenue, net441,231
Cost of revenue(744,592)(654,512)(464,745)(271,036)(190,762)(150,986)
Cost of goods and services sold      (150,986)
Gross profit:1,821,5191,674,6021,260,880547,343412,931290,245
Operating expenses(2,480,079)(1,208,870)(836,871)(458,582)(338,145)(278,349)
Operating income (loss):(658,560)465,732424,00988,76174,78611,896
Nonoperating income (expense)(3,418)5,922(58,300)(8,115)(19,708)20,369
Investment income, nonoperating  2,1377,10213,1998,9572,394
Gain (loss), foreign currency transaction, before tax(206)13,670(6,522)3,006(6,487)29,105
Interest and debt expense (14,168)(9,885)(16,855)(24,320)(22,178)(463)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(676,146)461,769348,85456,32632,90031,802
Other undisclosed income from continuing operations before income taxes14,1689,88516,85524,32022,178463
Income (loss) from continuing operations before income taxes:(661,978)471,654365,70980,64655,07832,265
Income tax expense (benefit)(32,310)21,853(16,463)15,24822,41349,535
Income (loss) from continuing operations:(694,288)493,507349,24695,89477,49181,800
Income before gain (loss) on sale of properties:493,507349,24695,89477,49181,800
Net income (loss) attributable to parent:(694,288)493,507349,24695,89477,49181,800
Undistributed earnings (loss) allocated to participating securities, basic     (37)(80)
Net income (loss) available to common stockholders, basic:(694,288)493,507349,24695,89477,45481,720
Interest on convertible debt 4,90017,880   
Other undisclosed net income available to common stockholders, diluted     37851
Net income (loss) available to common stockholders, diluted:(694,288)498,407367,12695,89477,49182,571

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(694,288)493,507349,24695,89477,49181,800
Other comprehensive loss    (886)(1,434)(24,851)
Comprehensive income (loss):(694,288)493,507349,24695,00876,05756,949
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(239,203)(80,965)14,650   
Comprehensive income (loss), net of tax, attributable to parent:(933,491)412,542363,89695,00876,05756,949

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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