Stock Analysis on Net

Etsy Inc. (NASDAQ:ETSY)

This company has been moved to the archive! The financial data has not been updated since November 3, 2022.

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Etsy Inc., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Revenue 2,329,114 1,725,625 818,379 603,693 441,231
Cost of revenue (654,512) (464,745) (271,036) (190,762) (150,986)
Gross profit 1,674,602 1,260,880 547,343 412,931 290,245
Marketing (654,804) (500,756) (215,570) (158,013) (109,085)
Product development (271,535) (180,080) (121,878) (97,249) (74,616)
General and administrative (282,531) (156,035) (121,134) (82,883) (91,486)
Asset impairment charges (3,162)
Operating expenses (1,208,870) (836,871) (458,582) (338,145) (278,349)
Income from operations 465,732 424,009 88,761 74,786 11,896
Loss on extinguishment of debt (16,855)
Interest expense (9,885) (42,025) (24,320) (22,178) (11,130)
Interest and other income 2,137 7,102 13,199 8,957 2,394
Foreign exchange gain (loss) 13,670 (6,522) 3,006 (6,487) 29,105
Other income (expense) 5,922 (58,300) (8,115) (19,708) 20,369
Income before income taxes 471,654 365,709 80,646 55,078 32,265
(Provision) benefit for income taxes 21,853 (16,463) 15,248 22,413 49,535
Net income 493,507 349,246 95,894 77,491 81,800

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Etsy Inc. revenue increased from 2019 to 2020 and from 2020 to 2021.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Etsy Inc. income from operations increased from 2019 to 2020 and from 2020 to 2021.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Etsy Inc. income before income taxes increased from 2019 to 2020 and from 2020 to 2021.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Etsy Inc. net income increased from 2019 to 2020 and from 2020 to 2021.