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.

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Etsy Inc., consolidated cash flow statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income 493,507 349,246 95,894 77,491 81,800
Stock-based compensation expense 139,910 65,114 44,395 38,231 26,559
Depreciation and amortization expense 74,267 58,189 48,031 26,742 27,197
Provision for expected credit losses 16,031 15,033 10,963 4,124 2,497
Foreign exchange (gain) loss (14,071) 7,349 (5,708) 5,997 (29,105)
Amortization of debt issuance costs 3,719 2,751 2,006 1,191 463
Non-cash interest expense 578 36,086 19,108 10,968 3,117
Interest (income) expense on marketable securities 3,154 2,729 (4,182) (2,887) 426
Asset impairment charges 3,162
Deferred provision (benefit) for income taxes (88,952) 2,202 (15,248) (22,414) (47,972)
Loss on extinguishment of debt 16,855
Other non-cash (income) expense, net (475) (795) 1,667 136 520
Accounts receivable (19,256) (22,540) (12,656) 17,215 (8,826)
Funds receivable and seller accounts (83,941) (90,141) (23,177) 23,436 (13,477)
Prepaid expenses and other current assets (44,186) (16,963) (14,156) (4,785) (4,429)
Other assets (25,159) 4,816 4,045 43 (28)
Accounts payable (14,169) 14,550 (953) 13,364 2,837
Accrued and other current liabilities 84,789 146,634 37,410 23,079 3,207
Funds payable and amounts due to sellers 83,941 90,141 23,177 (23,436) 13,477
Deferred revenue 1,441 3,312 191 1,331 434
Other liabilities 40,423 (5,612) (3,887) 9,099 5,561
Changes in operating assets and liabilities, net of acquisitions 23,883 124,197 9,994 59,346 (1,244)
Adjustments to reconcile net income to net cash provided by operating activities 158,044 329,710 111,026 121,434 (14,380)
Net cash provided by operating activities 651,551 678,956 206,920 198,925 67,420
Acquisition of businesses, net of cash acquired (1,699,974) (270,409)
Cash paid for asset acquisition and intangible assets (1,937) (880) (1,963) (35,494)
Purchases of property and equipment (11,248) (1,445) (7,528) (1,019) (3,948)
Development of internal-use software (16,922) (5,665) (7,750) (19,537) (9,208)
Purchases of marketable securities (418,518) (499,237) (661,821) (514,286) (62,348)
Sales and maturities of marketable securities 590,630 495,848 461,098 284,943 137,340
Net cash (used in) provided by investing activities (1,557,969) (11,379) (488,373) (285,393) 61,836
Payment of tax obligations on vested equity awards (118,167) (47,716) (32,547) (24,065) (6,417)
Repurchase of stock (302,774) (268,653) (176,985) (134,647) (10,301)
Proceeds from exercise of stock options 22,706 25,319 9,791 18,253 33,838
Proceeds from issuance of convertible senior notes 1,000,000 650,000 650,000 345,000
Payment of debt issuance costs (13,300) (10,531) (11,904) (9,962)
Purchase of capped calls (85,000) (74,685) (76,180) (34,224)
Settlement of convertible senior notes (43,900) (137,168)
Payments on finance lease obligations (8,864) (9,211) (10,833) (6,057) (7,798)
Payments on facility financing obligation (10,164) (5,883)
Other financing, net 2,048 (8,073) 8,265 (128)
Net cash provided by financing activities 452,749 119,282 359,607 144,006 3,439
Effect of exchange rate changes on cash (10,234) 13,947 (1,846) (5,995) 1,155
Net increase (decrease) in cash, cash equivalents, and restricted cash (463,903) 800,806 76,308 51,543 133,850
Cash, cash equivalents, and restricted cash at beginning of period 1,249,440 448,634 372,326 320,783 181,592
Cash, cash equivalents, and restricted cash at end of period 785,537 1,249,440 448,634 372,326 315,442

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Etsy Inc. net cash provided by operating activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Etsy Inc. net cash (used in) provided by investing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Net cash provided by financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Etsy Inc. net cash provided by financing activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.