Pinterest Inc. (PINS) Financial Statements (2024 and earlier)

Company Profile

Business Address 651 BRANNAN STREET
SAN FRANCISCO, CA 94107
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,511,0842,330,6792,295,4082,729,7292,698,2272,665,470
Cash and cash equivalents1,361,9361,168,4191,179,8521,651,2421,611,0631,671,320
Short-term investments1,149,1481,162,2601,115,5561,078,4871,087,164994,150
Restricted cash and investments2,5422,5422,2432,2431,0671,869
Receivables763,159624,223544,055487,964681,532511,054
Other undisclosed current assets61,77481,82399,43778,45273,85183,659
Total current assets:3,338,5593,039,2672,941,1433,298,3883,454,6773,262,052
Noncurrent Assets
Operating lease, right-of-use asset92,119105,30093,58097,606206,253207,312
Property, plant and equipment32,22526,99828,41430,27259,57565,922
Intangible assets, net (including goodwill), including:117,462119,302121,142122,982124,822140,128
Goodwill     100,227100,227
Intangible assets, net (excluding goodwill) 17,235   24,59539,901
Other undisclosed intangible assets, net (including goodwill)100,227119,302121,142122,982  
Other noncurrent assets14,04013,71517,51717,17417,40316,795
Total noncurrent assets:255,846265,315260,653268,034408,053430,157
TOTAL ASSETS:3,594,4053,304,5823,201,7963,566,4223,862,7303,692,209
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities317,090304,345319,879321,923380,531344,675
Accounts payable79,05871,49064,08077,28487,92088,601
Accrued liabilities238,032232,855255,799244,639292,611256,074
Total current liabilities:317,090304,345319,879321,923380,531344,675
Noncurrent Liabilities
Long-term debt and lease obligation:      183,244
Liabilities, other than long-term debt186,635193,595188,835184,760200,54519,748
Other liabilities26,01922,73525,82025,25421,85119,748
Operating lease, liability160,616170,860163,015159,506178,694183,244
Total noncurrent liabilities:186,635193,595188,835184,760200,545202,992
Total liabilities:503,725497,940508,714506,683581,076547,667
Equity
Equity, attributable to parent3,090,6802,806,6422,693,0823,059,7393,281,6543,144,542
Common stock777777
Additional paid in capital5,241,9545,165,5305,059,9605,390,1015,407,7245,292,789
Accumulated other comprehensive loss(1,013)(7,449)(8,706)(7,132)(11,419)(16,105)
Accumulated deficit(2,150,268)(2,351,446)(2,358,179)(2,323,237)(2,114,658)(2,132,149)
Total equity:3,090,6802,806,6422,693,0823,059,7393,281,6543,144,542
TOTAL LIABILITIES AND EQUITY:3,594,4053,304,5823,201,7963,566,4223,862,7303,692,209

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues981,262763,203708,025602,581877,209684,550
Cost of revenue(178,096)(170,998)(168,740)(170,926)(185,028)(182,603)
Gross profit:803,166592,205539,285431,655692,181501,947
Operating expenses(606,916)(597,204)(612,528)(675,341)(686,313)(571,322)
Operating income (loss):196,250(4,999)(73,243)(243,686)5,868(69,375)
Nonoperating income (expense)5,893(4,596)24,88824,90117,1729,318
Investment income, nonoperating   24,88824,90117,1729,318
Other nonoperating income (expense)5,893(4,596)    
Income (loss) from continuing operations before equity method investments, income taxes:202,143(9,595)(48,355)(218,785)23,040(60,057)
Other undisclosed income (loss) from continuing operations before income taxes28,95926,6912,1803225,734(10,116)
Income (loss) from continuing operations before income taxes:231,10217,096(46,175)(218,463)28,774(70,173)
Income tax expense (benefit)(29,924)(10,363)11,2339,884(11,283)4,992
Income (loss) from continuing operations:201,1786,733(34,942)(208,579)17,491(65,181)
Loss before gain (loss) on sale of properties:(65,181)
Net income (loss) available to common stockholders, diluted:201,1786,733(34,942)(208,579)17,491(65,181)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):201,1786,733(34,942)(208,579)17,491(65,181)
Comprehensive income (loss):201,1786,733(34,942)(208,579)17,491(65,181)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6,4361,257(1,574)4,2874,686(2,847)
Comprehensive income (loss), net of tax, attributable to parent:207,6147,990(36,516)(204,292)22,177(68,028)

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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