ETSY, INC ETSY Balance Sheet

Etsy, inc (ETSY)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14
ASSETS
Current assets:
Cash and cash equivalents
442,354	443,293	671,769	359,159	345,674	366,985	362,727	357,820	533,855	315,442	260,288	226,885	194,807	181,592	188,030	167,482	158,381	271,244	266,283	268,155	70,739	69,659
Short-term investments
361,640	373,959	180,170	274,673	276,432	257,302	221,409	209,689	67,526	25,108	50,407	60,353	81,145	100,494	82,338	110,718	111,297	21,620	20,474	21,542	21,533	19,184
Accounts receivable, net of expected credit losses of $6,734 and $5,033 as of March 31, 2020 and December 31, 2019, respectively
11,712	15,386	12,494	10,585	10,789	12,244	36,385	30,615	31,292	33,677	27,172	24,990	25,085	26,426	20,886	19,507	19,249	20,275	15,976	14,028	14,513	15,404
Prepaid and other current assets
36,074	38,614	43,934	34,647	26,859	22,686	23,958	18,558	23,738	20,379	17,325	28,916	19,911	15,571	10,840	8,972	9,092	9,521	8,773	7,965	10,789	12,241
Deferred tax assetscurrent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,134	3,135	2,932	-
Deferred tax chargecurrent
-	-	-	-	-	-	-	-	-	-	0	0	0	17,132	17,132	17,132	17,132	17,132	17,605	17,605	9,687	0
Funds receivable and seller accounts
55,172	49,786	37,473	64,589	64,247	21,072	63,470	49,551	48,586	44,658	45,191	35,084	34,292	29,817	34,180	22,966	25,461	19,262	17,069	10,927	12,095	10,573
Total current assets
906,952	921,038	945,840	743,653	724,001	680,289	707,949	666,233	704,997	439,264	400,383	376,228	355,240	371,032	353,406	346,777	340,612	359,054	349,314	343,357	142,288	127,061
Restricted cash
5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341	5,341
Property and equipment, net of accumulated depreciation and amortization of $131,114 and $120,084 as of March 31, 2020 and December 31, 2019, respectively
134,519	144,864	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, Plant and Equipment, Net
-	-	153,262	128,409	131,650	120,179	119,243	117,024	116,385	117,617	124,543	129,074	127,168	126,407	123,708	125,754	116,480	105,021	94,655	85,446	78,438	75,538
Goodwill
138,305	138,731	138,474	37,342	37,034	37,482	37,802	37,959	39,228	38,541	38,216	37,438	35,970	35,657	37,765	28,147	28,642	27,752	28,366	28,297	28,225	30,831
Intangible assets, net of accumulated amortization of $13,377 and $16,911 as of March 31, 2020 and December 31, 2019, respectively
194,874	199,236	202,102	33,142	33,839	34,589	36,360	38,077	3,500	4,100	4,700	5,301	6,062	7,507	8,772	1,877	2,416	2,871	3,483	4,035	4,524	5,410
Deferred tax assets
15,232	14,257	22,380	23,319	23,000	23,464	-	-	-	159	0	0	0	34,264	39,169	42,128	41,903	51,396	55,711	60,539	70,422	0
Long-term investments
94,080	89,343	4,765	25,438	-	0	-	-	-	-	-	-	-	-	-	-	12,061	-	-	-	-	-
Other assets
28,339	29,542	27,034	25,131	26,303	507	673	676	714	561	879	935	958	985	1,040	932	1,721	1,626	1,751	2,113	2,124	2,022
Total assets
1,517,642	1,542,352	1,499,198	1,021,775	981,168	901,851	907,368	865,310	870,165	605,583	574,062	554,317	530,739	581,193	569,201	550,956	549,176	553,061	538,621	529,128	331,362	246,203
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
10,557	26,324	23,416	20,504	17,325	26,545	14,130	14,760	8,094	13,622	7,241	7,595	6,371	10,978	7,323	7,574	13,571	14,382	3,200	5,955	7,058	8,231
Accrued expenses
68,885	88,345	70,325	55,687	40,123	49,158	37,191	35,447	35,384	28,743	26,288	30,377	22,638	24,179	20,037	29,448	22,905	31,253	32,861	27,344	21,893	12,852
Finance lease obligations—current
8,000	8,275	8,770	9,306	9,927	3,884	4,284	4,376	4,861	5,798	6,548	7,345	6,748	6,829	6,563	6,347	6,019	5,610	4,431	4,021	2,181	1,755
Funds payable and amounts due to sellers
55,172	49,786	37,473	64,589	64,247	21,072	63,470	49,551	48,586	44,658	45,191	35,084	34,292	29,817	34,180	22,966	25,461	19,262	17,069	10,927	12,095	10,573
Deferred revenue
8,250	7,617	7,434	8,011	7,787	7,478	7,180	6,440	6,464	6,262	6,322	5,789	5,777	5,648	5,595	5,199	5,036	4,712	4,128	3,990	3,639	3,452
Other current liabilities
7,985	8,181	7,289	8,413	9,266	3,925	2,676	2,925	3,167	3,394	2,499	2,134	5,327	6,557	3,880	2,977	4,367	4,903	7,925	-	-	4,590
Total current liabilities
158,849	188,528	154,707	166,510	148,675	112,062	128,931	113,499	106,556	102,477	94,089	88,324	81,153	84,008	77,578	74,511	77,359	80,122	69,614	52,237	46,866	41,453
Finance lease obligations—net of current portion
51,458	53,611	55,576	57,409	59,610	2,095	2,791	2,806	3,231	4,115	5,160	6,191	4,610	5,296	5,325	6,098	6,789	7,571	6,483	6,983	3,542	3,148
Deferred tax liabilities
63,126	64,497	83,130	32,642	32,637	30,455	30,851	32,292	32,303	23,786	40,580	65,028	65,034	65,068	62,882	61,420	61,419	61,420	66,227	70,687	70,849	149
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,915	1,920
Facility Financing Obligation, Noncurrent
-	-	0	0	0	59,991	60,008	60,025	60,041	60,049	60,047	60,668	59,586	57,360	55,214	53,145	51,804	51,804	51,804	51,804	51,507	50,320
Long-term debt, net
794,129	785,126	776,127	284,011	280,226	276,486	272,790	269,133	265,415	0	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
43,233	43,956	40,396	38,902	40,007	19,864	17,378	17,464	18,132	18,262	25,971	25,827	25,308	24,704	23,746	22,761	22,274	21,646	21,699	21,656	21,569	1,913
Total liabilities
1,110,795	1,135,718	1,109,936	579,474	561,155	500,953	512,749	495,219	485,678	208,689	225,847	246,038	235,691	236,436	224,745	217,935	219,645	222,563	215,827	203,367	196,248	98,903
Commitments and contingencies (Note 10)
-	-	-	-	-	-	0	0	0	-	-	-	-	0	-	-	-	-	0	0	0	0
Convertible preferred stock:
Carrying Values
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	80,212	80,212
Stockholders’ equity:
Common stock ($0.001 par value, 1,400,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 118,376,782 and 118,342,772 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively)
118	119	119	120	120	120	120	120	120	122	121	118	116	116	115	114	113	113	112	112	45	44
Preferred stock ($0.001 par value, 25,000,000 shares authorized as of March 31, 2020 and December 31, 2019)
0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	-	-	0	0	-	0
Additional paid-in capital
657,311	642,628	637,176	573,611	570,906	562,033	551,293	546,121	542,554	499,441	482,936	462,578	447,648	442,510	433,894	417,981	411,208	406,020	398,639	394,483	112,694	103,355
Accumulated deficit
-239,883	-227,414	-236,510	-124,015	-142,238	-153,442	-149,707	-169,602	-151,906	-96,290	-130,740	-156,542	-168,211	-116,341	-94,958	-92,559	-85,248	-86,440	-82,208	-75,317	-68,963	-32,377
Accumulated other comprehensive loss
-10,699	-8,699	-11,523	-7,415	-8,775	-7,813	-7,087	-6,548	-6,281	-6,379	-4,102	2,125	15,495	18,472	5,405	7,485	3,458	10,805	6,251	6,483	11,126	-3,934
Total stockholders’ equity
406,847	406,634	389,262	442,301	420,013	400,898	394,619	370,091	384,487	396,894	348,215	308,279	295,048	344,757	344,456	333,021	329,531	330,498	322,794	325,761	54,902	67,088
Total liabilities and stockholders’ equity
1,517,642	1,542,352	1,499,198	1,021,775	981,168	901,851	907,368	865,310	870,165	605,583	574,062	554,317	530,739	581,193	569,201	550,956	549,176	553,061	538,621	529,128	331,362	246,203