Cash flow Etsy, Inc.

Equities

ETSY

US29786A1060

Department Stores

Market Closed - Nasdaq Other stock markets 04:00:00 2025-07-11 pm EDT			5-day change	1st Jan Change
57.87 ^USD	-0.50%		+6.44%	+9.42%

Jun. 12	Etsy Prices $650 Million Convertible Senior Notes in Private Offering	MT
Jun. 11	CPI Relief Sparks Wall Street Optimism

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Published financial data: ETSY, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.73B	2.33B	2.57B	2.75B	2.81B
Total Revenues	1.73B	2.33B	2.57B	2.75B	2.81B
Cost of Goods Sold, Total	465M	655M	745M	823M	775M
Gross Profit	1.26B	1.67B	1.82B	1.93B	2.03B
Selling General & Admin Expenses, Total	655M	901M	1.02B	1.09B	1.21B
R&D Expenses	180M	272M	412M	456M	443M
Other Operating Expenses, Total	835M	1.17B	1.43B	1.55B	1.65B
Operating Income	426M	502M	389M	376M	380M
Interest Expense, Total	-42.02M	-9.88M	-14.17M	-14.04M	-13.81M
Interest And Investment Income	7.1M	2.14M	10.96M	36M	30.98M
Net Interest Expenses	-34.92M	-7.75M	-3.21M	21.96M	17.18M
Currency Exchange Gains (Loss)	-6.52M	13.67M	-206K	-6.35M	13.39M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	384M	508M	386M	391M	411M
Restructuring Charges	-	-	-	-26.58M	-
Merger & Related Restructuring Charges	-1.8M	-36.7M	-2.83M	-1.2M	-
Impairment of Goodwill	-	-	-1.05B	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-2.63M	-
Asset Writedown	-	-	-	-68.09M	-
Other Unusual Items	-16.86M	-	-	-	-
EBT, Incl. Unusual Items	366M	472M	-662M	293M	411M
Income Tax Expense	16.46M	-21.85M	32.31M	-14.75M	107M
Earnings From Continuing Operations	349M	494M	-694M	308M	303M
Net Income to Company	349M	494M	-694M	308M	303M
Net Income - (IS)	349M	494M	-694M	308M	303M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	349M	494M	-694M	308M	303M
Net Income to Common Excl. Extra Items	349M	494M	-694M	308M	303M
Per Share Items
Net EPS - Basic	2.88	3.88	-5.48	2.51	2.64
Basic EPS - Continuing Operations	2.88	3.88	-5.48	2.51	2.64
Basic Weighted Average Shares Outstanding	121M	127M	127M	123M	115M
Net EPS - Diluted	2.69	3.4	-5.48	2.24	2.35
Diluted EPS - Continuing Operations	2.69	3.4	-5.48	2.24	2.35
Diluted Weighted Average Shares Outstanding	136M	147M	127M	140M	132M
Normalized Basic EPS	1.98	2.5	1.9	2	2.23
Normalized Diluted EPS	1.76	2.17	1.9	1.75	1.95
American Depositary Receipts Ratio (ADR)	0.07	0.07	0.07	0.07	0.07
Supplemental Items
EBITDA	451M	547M	449M	433M	438M
EBITA	441M	531M	431M	415M	418M
EBIT	426M	502M	389M	376M	380M
EBITDAR	458M	554M	458M	441M	446M
Effective Tax Rate - (Ratio)	4.5	-4.63	-4.88	-5.04	26.17
Current Domestic Taxes	8.81M	35.87M	62.74M	8.1M	91.47M
Current Foreign Taxes	5.46M	31.23M	24.88M	27.24M	30.47M
Total Current Taxes	14.26M	67.1M	87.61M	35.34M	122M
Deferred Domestic Taxes	-12.23M	-68.17M	-26.62M	-15.75M	-9.44M
Deferred Foreign Taxes	14.43M	-20.78M	-28.68M	-34.34M	-5.01M
Total Deferred Taxes	2.2M	-88.95M	-55.3M	-50.09M	-14.45M
Normalized Net Income	240M	318M	241M	245M	257M
Interest on Long-Term Debt	42.02M	9.49M	13.78M	13.58M	4.93M
Supplemental Operating Expense Items
Marketing Expenses	496M	643M	691M	733M	833M
Selling and Marketing Expenses	501M	655M	710M	756M	857M
General and Administrative Expenses	147M	238M	300M	330M	346M
Research And Development Expense From Footnotes	213M	302M	450M	504M	494M
Net Rental Expense, Total	7.17M	7.51M	9.47M	8.22M	8.26M
Imputed Operating Lease Interest Expense	2.4M	332K	441K	379K	375K
Imputed Operating Lease Depreciation	4.77M	7.18M	9.03M	7.84M	7.89M
Stock-Based Comp., COGS (Total)	7.73M	13.08M	23.28M	31.25M	32.58M
Stock-Based Comp., R&D Exp. (Total)	33.03M	58.9M	125M	146M	145M
Stock-Based Comp., S&M Exp. (Total)	5.18M	11.34M	19.57M	22.78M	23.51M
Stock-Based Comp., G&A Exp. (Total)	19.17M	56.59M	63.48M	84.51M	82.22M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	65.11M	140M	231M	285M	283M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.24B	780M	921M	914M	811M
Short Term Investments	425M	204M	250M	236M	228M
Total Cash And Short Term Investments	1.67B	985M	1.17B	1.15B	1.04B
Accounts Receivable, Total	22.6M	27.27M	27.89M	24.73M	8.7M
Total Receivables	22.6M	27.27M	27.89M	24.73M	8.7M
Prepaid Expenses	56.15M	109M	80.2M	130M	89.93M
Other Current Assets, Total	147M	220M	234M	265M	190M
Total Current Assets	1.89B	1.34B	1.51B	1.57B	1.33B
Gross Property Plant And Equipment	178M	478M	493M	536M	582M
Accumulated Depreciation	-145M	-157M	-204M	-244M	-303M
Net Property Plant And Equipment	32.89M	321M	289M	292M	279M
Long-term Investments	39.09M	85.03M	29.14M	86.68M	112M
Goodwill	141M	1.37B	138M	138M	137M
Other Intangibles, Total	287M	607M	535M	457M	414M
Deferred Tax Assets Long-Term	115K	95.86M	122M	138M	146M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	10.18M	10.16M	8.92M	3.04M	2.9M
Total Assets	2.4B	3.83B	2.63B	2.69B	2.42B
Liabilities
Accounts Payable, Total	40.88M	28.01M	28.76M	29.92M	25.98M
Accrued Expenses, Total	123M	182M	192M	192M	224M
Current Portion of Leases	13.05M	6.44M	8.96M	11.02M	11.26M
Current Income Taxes Payable	-	9.69M	10.13M	10.62M	21.34M
Unearned Revenue Current, Total	11.26M	12.34M	14.01M	14.64M	19.21M
Other Current Liabilities	267M	377M	378M	452M	363M
Total Current Liabilities	455M	616M	632M	711M	665M
Long-Term Debt	1.06B	2.28B	2.28B	2.28B	2.29B
Long-Term Leases	62.18M	154M	144M	141M	135M
Deferred Tax Liability Non Current	58.48M	79.48M	44.74M	13.19M	7.96M
Other Non Current Liabilities	24.44M	78.67M	82.32M	80.6M	80.67M
Total Liabilities	1.66B	3.2B	3.18B	3.23B	3.18B
Common Stock, Total	126K	127K	125K	119K	109K
Additional Paid In Capital	883M	632M	815M	1.08B	1.32B
Retained Earnings	-147M	71.74M	-1.05B	-1.36B	-1.78B
Comprehensive Income and Other	5.95M	-75.01M	-314M	-267M	-298M
Total Common Equity	742M	629M	-547M	-544M	-759M
Total Equity	742M	629M	-547M	-544M	-759M
Total Liabilities And Equity	2.4B	3.83B	2.63B	2.69B	2.42B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	126M	127M	125M	118M	107M
ECS Total Common Shares Outstanding	126M	127M	125M	119M	109M
Book Value / Share	5.9	4.95	-4.38	-4.57	-6.99
Tangible Book Value	315M	-1.35B	-1.22B	-1.14B	-1.31B
Tangible Book Value Per Share	2.5	-10.63	-9.76	-9.57	-12.07
Total Debt	1.14B	2.44B	2.43B	2.44B	2.43B
Net Debt	-532M	1.45B	1.26B	1.29B	1.39B
Debt Equivalent Oper. Leases	57.35M	60.1M	75.77M	65.74M	66.11M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	66.65M	133M	133M	133M	133M
Machinery, Total	40.15M	15.21M	24.22M	29.54M	31.48M
Full Time Employees	1.41K	2.4K	2.79K	2.42K	2.4K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	9.76M	7.73M	8.3M	10.15M	6.09M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	349M	494M	-694M	308M	303M
Depreciation & Amortization - CF	10.29M	15.87M	18.1M	17.32M	19.27M
Amortization of Goodwill and Intangible Assets - (CF)	15.2M	28.4M	41.3M	39.7M	38.1M
Depreciation & Amortization, Total	25.49M	44.27M	59.4M	57.02M	57.37M
Amortization of Deferred Charges, Total - (CF)	35.45M	33.72M	37.3M	34.3M	50.7M
(Gain) Loss From Sale Of Asset	-795K	-	-	2.63M	-
Asset Writedown & Restructuring Costs	-	-	1.05B	68.09M	-
Stock-Based Compensation (CF)	65.11M	140M	231M	285M	283M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	15.03M	16.03M	12.46M	19.63M	11.95M
Other Operating Activities, Total	65.22M	-99.77M	-47.64M	-44.59M	-33.41M
Change In Accounts Receivable	-22.54M	-19.26M	-14.06M	-16.07M	3.57M
Change In Accounts Payable	14.55M	-14.17M	532K	2.58M	-3.51M
Change in Unearned Revenues	3.31M	1.44M	1.9M	457K	4.94M
Change in Other Net Operating Assets	129M	55.87M	52.08M	-10.68M	74.72M
Cash from Operations	679M	652M	684M	706M	752M
Capital Expenditure	-2.32M	-13.18M	-16.69M	-12.94M	-14.21M
Cash Acquisitions	-	-1.7B	-	-	-
Sale (Purchase) of Intangible assets	-5.66M	-16.92M	-20.51M	-26.97M	-29.29M
Investment in Marketable and Equity Securities, Total	-3.39M	172M	7.18M	-33.4M	-9.6M
Cash from Investing	-11.38M	-1.56B	-30.02M	-73.31M	-53.1M
Long-Term Debt Issued, Total	650M	1B	-	-	-
Total Debt Issued	650M	1B	-	-	-
Long-Term Debt Repaid, Total	-146M	-52.76M	-6.35M	-6.37M	-6.09M
Total Debt Repaid	-146M	-52.76M	-6.35M	-6.37M	-6.09M
Issuance of Common Stock	25.32M	22.71M	15.02M	14.23M	3.91M
Repurchase of Common Stock	-316M	-421M	-505M	-660M	-785M
Other Financing Activities, Total	-93.29M	-96.25M	-10.27M	-3.98M	503K
Cash from Financing	119M	453M	-506M	-657M	-787M
Foreign Exchange Rate Adjustments	13.95M	-10.23M	-6.02M	12.03M	-15.34M
Net Change in Cash	801M	-464M	141M	-12.3M	-103M
Supplemental Items
Cash Interest Paid	3.4M	6.05M	9.53M	9.32M	9.05M
Cash Income Tax Paid (Refund)	8.54M	94.16M	41.68M	42.66M	89.58M
Levered Free Cash Flow	502M	532M	553M	561M	662M
Unlevered Free Cash Flow	525M	534M	562M	570M	671M
Change In Net Working Capital	-144M	-36.22M	-28.48M	981K	-85.91M
Net Debt Issued / Repaid	504M	947M	-6.35M	-6.37M	-6.09M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	13.49	10.07	7.52	8.83	9.31
Return on Total Capital	16.84	12.7	9.83	12.43	13.32
Return On Equity %	60.79	71.99	-1.71K	-56.38	-46.57
Return on Common Equity	60.79	71.99	-1.71K	-56.38	-46.57
Margin Analysis
Gross Profit Margin %	73.07	71.9	70.98	70.05	72.42
SG&A Margin	37.96	38.67	39.74	39.8	43.1
EBITDA Margin %	26.15	23.47	17.49	15.74	15.58
EBITA Margin %	25.56	22.79	16.78	15.11	14.9
EBIT Margin %	24.68	21.57	15.17	13.67	13.54
Income From Continuing Operations Margin %	20.24	21.19	-27.06	11.19	10.8
Net Income Margin %	20.24	21.19	-27.06	11.19	10.8
Net Avail. For Common Margin %	20.24	21.19	-27.06	11.19	10.8
Normalized Net Income Margin	13.92	13.64	9.4	8.9	9.14
Levered Free Cash Flow Margin	29.07	22.83	21.56	20.41	23.58
Unlevered Free Cash Flow Margin	30.43	22.94	21.91	20.73	23.89
Asset Turnover
Asset Turnover	0.87	0.75	0.79	1.03	1.1
Fixed Assets Turnover	34.61	10.28	8.42	9.47	9.84
Receivables Turnover (Average Receivables)	90.84	93.41	93.05	104.46	167.98
Short Term Liquidity
Current Ratio	4.17	2.18	2.4	2.21	2
Quick Ratio	3.72	1.64	1.9	1.65	1.58
Operating Cash Flow to Current Liabilities	1.49	1.06	1.08	0.99	1.13
Days Sales Outstanding (Average Receivables)	4.03	3.91	3.92	3.49	2.18
Average Days Payable Outstanding	26.46	19.21	13.91	13.01	13.21
Long Term Solvency
Total Debt/Equity	153.22	387.5	-444.46	-447.95	-320.76
Total Debt / Total Capital	60.51	79.49	129.03	128.74	145.3
LT Debt/Equity	151.46	386.47	-442.82	-445.92	-319.28
Long-Term Debt / Total Capital	59.81	79.28	128.56	128.16	144.63
Total Liabilities / Total Assets	69.12	83.59	120.77	120.25	131.39
EBIT / Interest Expense	10.13	50.83	27.48	26.76	27.54
EBITDA / Interest Expense	10.91	56.07	32.34	31.4	32.29
(EBITDA - Capex) / Interest Expense	10.85	54.73	31.16	30.48	31.26
Total Debt / EBITDA	2.48	4.4	5.31	5.52	5.46
Net Debt / EBITDA	-1.16	2.62	2.75	2.91	3.13
Total Debt / (EBITDA - Capex)	2.49	4.5	5.51	5.69	5.64
Net Debt / (EBITDA - Capex)	-1.17	2.68	2.86	3	3.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	110.86	34.97	10.18	7.1	2.18
Gross Profit, 1 Yr. Growth %	130.36	32.81	8.77	5.7	5.63
EBITDA, 1 Yr. Growth %	281.78	18.49	-17.93	-3.56	1.4
EBITA, 1 Yr. Growth %	331.19	20.37	-18.88	-3.53	0.99
EBIT, 1 Yr. Growth %	359.45	17.99	-22.52	-3.49	1.52
Earnings From Cont. Operations, 1 Yr. Growth %	264.2	41.31	-240.68	-144.3	-1.39
Net Income, 1 Yr. Growth %	264.2	41.31	-240.68	-144.3	-1.39
Normalized Net Income, 1 Yr. Growth %	354.53	32.26	-24.09	1.41	5.3
Diluted EPS Before Extra, 1 Yr. Growth %	254.11	26.26	-261.28	-140.87	4.94
Accounts Receivable, 1 Yr. Growth %	46.92	20.62	2.28	-11.31	-64.82
Net Property, Plant and Equip., 1 Yr. Growth %	-50.77	143.08	-10.12	1.18	-4.49
Total Assets, 1 Yr. Growth %	55.9	59.36	-31.23	1.91	-9.97
Tangible Book Value, 1 Yr. Growth %	-1.03K	-425.86	-9.57	-6.65	14.98
Common Equity, 1 Yr. Growth %	82.58	-15.33	-187.06	-0.65	39.57
Cash From Operations, 1 Yr. Growth %	228.12	-4.04	4.92	3.2	6.66
Capital Expenditures, 1 Yr. Growth %	-75.5	467.1	26.61	26.38	9.82
Levered Free Cash Flow, 1 Yr. Growth %	258.14	6.02	4.77	1.39	18.21
Unlevered Free Cash Flow, 1 Yr. Growth %	242.65	1.74	5.22	1.36	17.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	69.07	68.7	21.95	8.63	4.61
Gross Profit, 2 Yr. CAGR %	74.74	74.91	20.19	7.23	5.67
EBITDA, 2 Yr. CAGR %	121.45	111.68	-1.39	-11.03	-0.93
EBITA, 2 Yr. CAGR %	136.14	127.82	-1.19	-11.54	-1.11
EBIT, 2 Yr. CAGR %	138.62	132.84	-4.38	-13.53	-0.81
Earnings From Cont. Operations, 2 Yr. CAGR %	112.3	126.86	41	-21.06	-33.91
Net Income, 2 Yr. CAGR %	112.3	126.86	41	-21.06	-33.91
Normalized Net Income, 2 Yr. CAGR %	164.17	145.19	0.2	-12.26	3.56
Diluted EPS Before Extra, 2 Yr. CAGR %	110.09	111.44	42.7	-18.81	-34.51
Accounts Receivable, 2 Yr. CAGR %	35.88	33.12	11.07	-4.76	-44.14
Net Property, Plant and Equip., 2 Yr. CAGR %	-39.34	119.2	47.81	-4.63	-1.69
Total Assets, 2 Yr. CAGR %	63.28	57.62	4.68	-16.29	-4.21
Tangible Book Value, 2 Yr. CAGR %	2.81	532.38	71.66	-8.12	3.6
Common Equity, 2 Yr. CAGR %	36.08	24.33	-14.14	-7	17.76
Cash From Operations, 2 Yr. CAGR %	84.75	77.45	0.34	4.06	4.92
Capital Expenditures, 2 Yr. CAGR %	-74.77	17.86	167.95	7.25	17.81
Levered Free Cash Flow, 2 Yr. CAGR %	127.17	94.86	5.31	3.07	9.58
Unlevered Free Cash Flow, 2 Yr. CAGR %	118.62	86.71	3.46	3.27	9.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	57.55	56.84	46.37	16.78	6.44
Gross Profit, 3 Yr. CAGR %	63.03	59.47	49.3	15.15	6.69
EBITDA, 3 Yr. CAGR %	111.13	81.11	54.35	-2.12	-7.15
EBITA, 3 Yr. CAGR %	138.87	88.63	61.47	-1.97	-7.63
EBIT, 3 Yr. CAGR %	145	88.69	61.35	-4.09	-8.87
Earnings From Cont. Operations, 3 Yr. CAGR %	62.23	85.36	93.46	-4.15	-14.98
Net Income, 3 Yr. CAGR %	62.23	85.36	93.46	-4.15	-14.98
Normalized Net Income, 3 Yr. CAGR %	98.26	109.76	65.87	0.6	-6.86
Diluted EPS Before Extra, 3 Yr. CAGR %	58.54	77.29	93.19	-5.94	-11.56
Accounts Receivable, 3 Yr. CAGR %	-12.44	30.59	21.93	3.05	-31.66
Net Property, Plant and Equip., 3 Yr. CAGR %	-30.8	53.13	62.85	30.27	-4.58
Total Assets, 3 Yr. CAGR %	58.35	61.97	19.54	3.75	-14.23
Tangible Book Value, 3 Yr. CAGR %	-2.12	65.44	230.69	40.11	-0.99
Common Equity, 3 Yr. CAGR %	23.21	16.18	10.41	-9.86	6.48
Cash From Operations, 3 Yr. CAGR %	114.18	48.51	48.94	1.29	4.92
Capital Expenditures, 3 Yr. CAGR %	-16.18	-28.79	20.71	77.21	8.1
Levered Free Cash Flow, 3 Yr. CAGR %	100.83	76.21	58.08	3.99	7.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	97.25	69.42	54.22	2.76	7.89
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	44.54	44.87	42.21	35.41	27.97
Gross Profit, 5 Yr. CAGR %	48.18	47.28	44.32	36.06	30.02
EBITDA, 5 Yr. CAGR %	103.71	76.83	56.4	36.29	29.1
EBITA, 5 Yr. CAGR %	158.56	95.27	67.81	39.34	32.54
EBIT, 5 Yr. CAGR %	204.9	93.13	68.16	38.1	32.62
Earnings From Cont. Operations, 5 Yr. CAGR %	45.23	75.19	53.38	31.75	25.9
Net Income, 5 Yr. CAGR %	45.23	75.19	53.38	31.75	25.9
Normalized Net Income, 5 Yr. CAGR %	73.44	210.73	50.9	48.02	37.18
Diluted EPS Before Extra, 5 Yr. CAGR %	35.31	66.78	52	29.72	25.33
Accounts Receivable, 5 Yr. CAGR %	2.2	0.63	-3.7	15.1	-10.77
Net Property, Plant and Equip., 5 Yr. CAGR %	-18.45	24.51	23.79	26.71	33.08
Total Assets, 5 Yr. CAGR %	34.17	45.82	34.19	24.39	9.41
Tangible Book Value, 5 Yr. CAGR %	1.94	36.73	29.44	30.76	107.87
Common Equity, 5 Yr. CAGR %	17.57	12.77	6.64	6.28	13.29
Cash From Operations, 5 Yr. CAGR %	82.92	68.5	58.15	28.81	29.46
Capital Expenditures, 5 Yr. CAGR %	-26.87	-18.19	33.42	-18.74	8.4
Levered Free Cash Flow, 5 Yr. CAGR %	100.14	89.01	54.96	41.99	36.44
Unlevered Free Cash Flow, 5 Yr. CAGR %	100.01	97.62	52.38	38.98	34.35