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
Quarterly Data

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 (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Net income (loss) (963,068) 73,123 86,109 161,557 89,930 98,254 143,766 148,538 91,761 96,425 12,522 31,291 14,801 18,223 31,579 41,251 19,894 3,379 12,967 44,750 25,802 11,669 (421)
Stock-based compensation expense 52,905 64,357 49,271 49,863 42,256 27,440 20,351 17,450 17,128 16,725 13,811 13,339 12,137 10,837 8,082 14,244 8,916 8,617 6,454 5,991 7,521 8,162 4,885
Depreciation and amortization expense 24,127 25,027 24,754 24,991 23,211 12,985 13,080 13,101 15,754 14,171 15,163 15,271 12,808 9,810 10,142 7,626 6,439 6,357 6,320 6,577 7,022 6,660 6,938
Provision for expected credit losses 2,212 2,300 3,109 3,038 3,103 5,289 4,601 5,461 3,668 2,220 3,684 3,499 3,318 2,964 1,182 507 1,656 1,049 912 438 1,196 531 332
Foreign exchange (gain) loss (7,421) (4,597) (5,567) (6,912) (3,853) 1,089 (4,395) (1,210) (1,835) 2,237 8,157 (5,733) 1,265 (1,069) (171) 3,280 (132) 4,951 (2,102) (2,153) (8,069) (16,103) (2,780)
Asset impairment charges 3,162
Deferred provision (benefit) for income taxes (11,014) (4,424) (10,517) (10,321) (57,503) (18,060) (3,068) (3,553) (1,634) 10,218 (2,829) (8,540) (4,712) (1,854) (142) (18,376) (3,661) (468) 91 (24,921) (23,051)
Goodwill impairment 1,045,022
Loss on extinguishment of debt 16,855
Other non-cash (income) expense, net 1,861 1,337 3,321 1,366 2,717 1,438 1,455 11,214 10,686 9,771 9,100 8,763 3,522 3,386 2,928 2,494 3,000 2,799 1,115 (3,169) 2,826 2,342 2,527
Current assets (8,730) (12,047) 32,195 (98,285) (55,697) 18,179 (11,580) (54,118) (23,551) (49,191) (2,784) (26,858) 28,153 (2,991) (48,293) 60,740 (23,069) 2,512 (4,317) (8,676) (1,456) (8,957) (7,643)
Non-current assets 3,983 726 1,711 (21,092) (7,823) 2,525 1,231 1,421 (1,599) 4,079 915 1,206 802 1,029 1,008 11 25 7 20 6 (26) (28)
Current liabilities 58,704 (21,487) (126,048) 161,421 35,806 (24,628) (16,597) 108,003 55,927 117,942 (27,235) 46,077 (23,878) 11,811 25,815 (14,149) 16,639 9,221 2,627 7,881 5,965 7,287 (1,178)
Non-current liabilities 7,983 1,439 1,206 24,833 18,783 (2,814) (379) (2,640) 2,034 (4,166) (840) 266 (1,171) (2,310) (672) 4,421 433 2,150 2,095 5,198 (888) 574 677
Changes in operating assets and liabilities, net of impact of business combinations 61,940 (31,369) (90,936) 66,877 (8,931) (6,738) (27,325) 52,666 32,811 68,664 (29,944) 20,691 3,906 7,539 (22,142) 51,023 (5,997) 13,908 412 4,423 3,627 (1,122) (8,172)
Adjustments to reconcile net income (loss) to net cash provided by operating activities 1,169,632 52,631 (26,565) 128,902 1,000 23,443 4,699 95,129 93,433 124,006 17,142 47,290 32,244 31,613 (121) 60,798 10,221 37,213 13,202 (9,652) (8,928) 470 3,730
Net cash provided by operating activities 206,564 125,754 59,544 290,459 90,930 121,697 148,465 243,667 185,194 220,431 29,664 78,581 47,045 49,836 31,458 102,049 30,115 40,592 26,169 35,098 16,874 12,139 3,309
Acquisition of businesses, net of cash acquired (9,151) (1,690,823) 944 (271,353)
Cash paid for intangible assets (6,400) (75) (1,862) (880) (65) (1,898) (171) (35,323)
Purchases of property and equipment (2,718) (2,421) (3,212) (5,508) (3,823) (1,391) (526) (1,057) (179) 358 (567) (1,639) (2,142) (3,064) (683) (577) (138) (112) (192) (76) (279) (893) (2,700)
Development of internal-use software (5,345) (5,562) (6,005) (5,403) (4,435) (3,858) (3,226) (1,980) (1,642) (782) (1,261) (1,508) (1,573) (1,279) (3,390) (5,863) (5,528) (5,049) (3,097) (1,166) (1,438) (2,648) (3,956)
Purchases of marketable securities (72,199) (57,226) (76,416) (74,616) (74,930) (268,972) (198,357) (119,682) (79,697) (101,501) (343,600) (12,830) (146,508) (158,883) (155,104) (125,033) (174,338) (59,811) (15,540) (17,346) (6,222) (23,240)
Sales and maturities of marketable securities 83,198 48,892 75,478 71,645 321,215 106,056 91,714 149,252 140,414 96,760 109,422 65,750 129,496 124,900 140,952 120,500 113,971 33,025 17,447 40,800 27,250 27,000 42,290
Net cash (used in) provided by investing activities (3,464) (16,317) (10,155) (23,108) (1,454,658) 100,807 (181,010) (53,022) 18,911 16,639 6,093 (280,118) (160,300) (25,951) (22,004) (41,215) (16,728) (181,797) (45,653) 24,018 8,187 17,237 12,394
Payment of tax obligations on vested equity awards (8,231) (27,499) (12,288) (49,020) (12,654) (41,691) (14,802) (27,905) (9,260) (6,353) (4,198) (8,942) (7,448) (10,485) (5,672) (6,929) (9,238) (6,118) (1,780) (1,520) (2,869) (1,231) (797)
Repurchase of stock (150,572) (62,168) (62,568) (68,347) (54,427) (180,000) (77,491) (166,170) (24,992) (22,195) (127,298) (27,492) (44,986) (21,075) (68,586) (10,301)
Proceeds from exercise of stock options 2,754 2,064 3,394 11,839 2,830 4,107 3,930 6,833 6,309 7,281 4,896 857 1,094 1,910 5,930 2,680 4,848 476 10,249 11,902 15,560 5,776 600
Proceeds from issuance of convertible senior notes 1,000,000 650,000 650,000 345,000
Payment of debt issuance costs (25) (451) (283) (12,541) (25) (767) (9,750) (14) (762) (9,750) (200) (1,192) (401) (434) (9,127)
Purchase of capped calls (85,000) (74,685) (76,180) (34,224)
Settlement of convertible senior notes (1) (27) (5) (37) (10) (16,534) (27,319) (2) (137,166)
Payments on finance lease obligations (1,567) (1,590) (1,598) (1,543) (2,434) (2,466) (2,421) (2,155) (2,129) (2,361) (2,566) (2,656) (2,702) (2,730) (2,745) (1,309) (1,327) (1,571) (1,850) (1,960) (2,096) (1,907) (1,835)
Payments on facility financing obligation (2,347) (2,348) (2,347) (3,122) (1,553) (3,106) (1,224)
Other financing, net 1,852 (5,142) 807 2,141 (165) (1,187) 1,259 195 1,928 (4,392) (5,804) 5,117 1,076 208 1,864 (4,105) 2,954 3,747 (2,724)
Net cash provided by (used in) financing activities (155,765) (94,362) (72,283) (105,418) (67,143) 664,688 (39,378) (101,292) 259,077 (5,825) (32,678) (28,581) 428,792 (11,297) (29,307) (56,996) (5,512) (27,322) 233,836 (3,432) 7,489 1,414 (2,032)
Effect of exchange rate changes on cash (16,219) (12,438) (1,065) (1,139) (3,609) 3,012 (8,498) 9,772 4,268 3,925 (4,018) 1,642 (2,927) 897 (1,458) 420 (2,968) (7,508) 4,061 (530) 853 1,288 (456)
Net increase (decrease) in cash, cash equivalents, and restricted cash 31,116 2,637 (23,959) 160,794 (1,434,480) 890,204 (80,421) 99,125 467,450 235,170 (939) (228,476) 312,610 13,485 (21,311) 4,258 4,907 (176,035) 218,413 55,154 33,403 32,078 13,215

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

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 Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
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 decreased from Q1 2022 to Q2 2022 but then increased from Q2 2022 to Q3 2022 exceeding Q1 2022 level.
Net cash provided by (used in) 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 (used in) financing activities decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.