← ETSY INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($29.9m) | $81.8m | $77.5m | $95.9m | $349.2m | $493.5m | ($694.3m) | $307.6m | $303.3m | $163.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($29.9m) | $81.7m | $77.5m | $95.9m | $349.2m | $493.5m | ($694.3m) | $307.6m | $303.3m | $163.0m | |
| Depreciation, Depletion and Amortization | $22.5m | $27.2m | $26.7m | $48.0m | $58.2m | $74.3m | $96.7m | $91.3m | $108.1m | $101.8m | |
| Amortization of Deferred Charges | $17.1m | $0 | $0 | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $184k | $463k | $1.2m | $2.0m | $2.8m | $3.7m | ($25k) | ($2.2m) | $0 | ($11.3m) | |
| Amortization of Intangible Assets | $3.3m | $3.4m | $4.3m | $9.6m | $15.2m | $28.4m | $41.3m | $39.7m | $38.1m | $31.0m | |
| Capitalized Computer Software, Amortization | $6.3m | $8.2m | — | — | — | — | — | — | — | — | |
| Depreciation | $19.2m | $23.8m | $22.4m | $38.4m | $43.0m | $45.8m | $55.5m | $51.6m | $70.0m | $70.9m | |
| Deferred Income Tax Expense (Benefit) | $1.7m | ($43.7m) | ($23.1m) | ($12.7m) | $2.2m | ($89.0m) | ($55.3m) | ($50.1m) | ($14.4m) | $39.2m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $44.4m | $65.1m | $139.9m | $230.9m | $284.6m | $282.8m | $244.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $24.1m | $32.5m | $47.7m | $118.2m | $79.2m | $83.4m | $61.6m | $75.2m | |
| Share-based Payment Arrangement, Expense | $15.9m | $26.6m | $38.2m | $44.4m | $65.1m | $139.9m | $230.9m | $284.6m | $282.8m | $245.5m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $1.0b | $0 | — | $101.7m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | $0 | $0 | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | $0 | $0 | $0 | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | ($1.1m) | ($520k) | ($136k) | ($1.7m) | $795k | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | ($2.6m) | $0 | ($5.1m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($16.9m) | $0 | $0 | — | — | — | |
| Income Tax Expense (Benefit) | $27.0m | ($49.5m) | ($22.4m) | ($15.2m) | $16.5m | ($21.9m) | $32.3m | ($14.7m) | $107.5m | $83.7m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $13.8m | $18.5m | |
| Operating Lease, Expense | — | — | — | $5.4m | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $8.2m | $8.8m | ($17.2m) | $12.7m | $22.5m | $19.3m | $14.1m | $16.1m | ($3.6m) | $10.0m | |
| Increase (Decrease) in Accounts Payable | ($3.6m) | $2.8m | $13.4m | ($953k) | $14.6m | ($14.2m) | $532k | $2.6m | ($3.5m) | $2.5m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($15.0m) | $29.1m | ($6.5m) | $3.0m | ($6.5m) | $13.7m | ($206k) | ($6.3m) | $13.4m | ($40.4m) | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | ($6.0m) | $5.7m | ($7.3m) | $14.1m | ($1.2m) | ($7.4m) | — | — | |
| General and Administrative Expense | $86.2m | $91.5m | $82.9m | $121.1m | $156.0m | $282.5m | $312.3m | $343.2m | $353.9m | $332.8m | |
| Goodwill | $35.7m | $38.5m | $37.5m | $138.7m | $140.8m | $1.4b | $137.7m | $138.4m | $137.1m | $38.1m | |
| Nonoperating Income (Expense) | ($20.5m) | $20.4m | ($19.7m) | ($8.1m) | ($58.3m) | $5.9m | ($3.4m) | $13.0m | $30.6m | ($19.5m) | |
| Operating Expenses | $224.1m | $278.3m | $338.1m | $458.6m | $836.9m | $1.2b | $2.5b | $1.6b | $1.7b | $1.8b | |
| Proceeds from Stock Options Exercised | $10.6m | $33.8m | $18.3m | $9.8m | $25.3m | $22.7m | $15.0m | $14.2m | $3.9m | $17.7m | |
| Restructuring Costs | — | $13.9m | ($249k) | $0 | — | — | — | $26.6m | — | — | |
| Unrealized Gain (Loss) on Derivatives | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $46.8m | $67.4m | $198.9m | $206.9m | $679.0m | $651.6m | $683.6m | $705.5m | $752.5m | $693.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $36.0m | $3.9m | $1.0m | $7.5m | $1.4m | $11.2m | $10.2m | $12.9m | $14.2m | $15.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $7.9m | $0 | $0 | $270.4m | $0 | $1.7b | $0 | $0 | — | — | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | $342.9m | $330.8m | $326.6m | |
| Gain (Loss) on Sale of Investments | — | — | $2.9m | $4.2m | ($2.7m) | ($3.2m) | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($135.4m) | $61.8m | ($285.4m) | ($488.4m) | ($11.4m) | ($1.6b) | ($30.0m) | ($73.3m) | ($53.1m) | $32.1m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | $0 | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $1.3m | $10.3m | $134.6m | $177.0m | $268.7m | $302.8m | $425.7m | $577.0m | $723.9m | $776.9m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | ($128k) | $8.3m | ($8.1m) | $2.0m | ($10.2m) | ($1.8m) | $503k | ($17.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $5.8m | $3.4m | $144.0m | $359.6m | $119.3m | $452.7m | ($506.5m) | ($656.5m) | ($787.2m) | ($169.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($6.8m) | $1.2m | ($6.0m) | ($1.8m) | $13.9m | ($10.2m) | ($6.0m) | $12.0m | ($15.3m) | $37.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($89.7m) | $133.8m | $51.5m | $76.3m | $800.8m | ($463.9m) | $141.1m | ($12.3m) | ($103.1m) | $593.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($89.7m) | $133.8m | $372.3m | $448.6m | $1.2b | $785.5m | $926.6m | $914.3m | $811.2m | $1.4b | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | $624.3m | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.0m | $7.6m | $10.0m | $3.2m | $3.4m | $6.1m | $9.5m | $9.3m | $9.1m | $12.2m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $63.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.