2016 Q4 Form 10-Q Financial Statement

#000137063716000124 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $110.2M $87.56M $65.70M
YoY Change 25.37% 33.28% 37.92%
Cost Of Revenue $37.00M $29.31M $24.17M
YoY Change 22.52% 21.31% 33.4%
Gross Profit $73.20M $58.25M $41.53M
YoY Change 26.86% 40.25% 40.69%
Gross Profit Margin 66.42% 66.52% 63.22%
Selling, General & Admin $53.60M $40.68M $31.79M
YoY Change 40.68% 27.95% 41.34%
% of Gross Profit 73.22% 69.84% 76.55%
Research & Development $16.10M $14.90M $11.41M
YoY Change 43.75% 30.61% 13.19%
% of Gross Profit 21.99% 25.58% 27.46%
Depreciation & Amortization $6.900M $5.800M $4.900M
YoY Change 50.0% 18.37% 8.89%
% of Gross Profit 9.43% 9.96% 11.8%
Operating Expenses $69.80M $55.58M $43.20M
YoY Change 41.58% 28.65% 32.63%
Operating Profit $3.400M $2.673M -$1.667M
YoY Change -59.52% -260.35% -45.38%
Interest Expense -$20.00M -$700.0K -$1.100M
YoY Change 217.46% -36.36% -8.33%
% of Operating Profit -588.24% -26.19%
Other Income/Expense, Net $0.00 -$709.0K -$1.129M
YoY Change -37.2% -1.31%
Pretax Income -$16.60M $1.964M -$2.796M
YoY Change -890.48% -170.24% -33.37%
Income Tax $4.800M $4.363M $4.095M
% Of Pretax Income 222.15%
Net Earnings -$21.40M -$2.399M -$6.891M
YoY Change 409.52% -65.19% 9.89%
Net Earnings / Revenue -19.42% -2.74% -10.49%
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$185.6K -$0.02 -$61.99K
COMMON SHARES
Basic Shares Outstanding 115.6M shares 113.8M shares 111.9M shares
Diluted Shares Outstanding 113.8M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $282.1M $270.4M $286.8M
YoY Change -3.68% -5.72% 220.04%
Cash & Equivalents $181.6M $188.0M $266.3M
Short-Term Investments $100.5M $82.34M $20.47M
Other Short-Term Assets $32.70M $27.90M $29.50M
YoY Change 22.93% -5.42% 213.83%
Inventory
Prepaid Expenses
Receivables $26.43M $20.89M $15.98M
Other Receivables $29.80M $34.20M $17.00M
Total Short-Term Assets $371.0M $353.4M $349.3M
YoY Change 3.34% 1.17% 186.79%
LONG-TERM ASSETS
Property, Plant & Equipment $126.4M $123.7M $94.66M
YoY Change 20.36% 30.69% 34.45%
Goodwill $35.66M $37.77M $28.37M
YoY Change 28.48% 33.13%
Intangibles $7.507M $8.772M $3.483M
YoY Change 161.48% 151.85%
Long-Term Investments
YoY Change
Other Assets $985.0K $1.040M $1.751M
YoY Change -39.42% -40.61% -76.34%
Total Long-Term Assets $210.2M $215.8M $189.3M
YoY Change 8.33% 13.99% 63.34%
TOTAL ASSETS
Total Short-Term Assets $371.0M $353.4M $349.3M
Total Long-Term Assets $210.2M $215.8M $189.3M
Total Assets $581.2M $569.2M $538.6M
YoY Change 5.09% 5.68% 126.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.98M $7.323M $3.200M
YoY Change -23.67% 128.84% -46.67%
Accrued Expenses $24.18M $20.04M $32.86M
YoY Change -22.63% -39.02% 185.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.800M $6.600M $4.400M
YoY Change 21.43% 50.0% 300.0%
Total Short-Term Liabilities $84.01M $77.58M $69.61M
YoY Change 4.85% 11.44% 118.23%
LONG-TERM LIABILITIES
Long-Term Debt $5.300M $5.300M $6.500M
YoY Change -30.26% -18.46% 242.11%
Other Long-Term Liabilities $24.70M $23.75M $21.70M
YoY Change 14.13% 9.43% -57.29%
Total Long-Term Liabilities $24.70M $23.75M $21.70M
YoY Change 14.13% 9.43% -58.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.01M $77.58M $69.61M
Total Long-Term Liabilities $24.70M $23.75M $21.70M
Total Liabilities $236.4M $224.7M $215.8M
YoY Change 6.23% 4.13% 144.15%
SHAREHOLDERS EQUITY
Retained Earnings -$116.3M -$94.96M -$82.21M
YoY Change 34.59% 15.51%
Common Stock $116.0K $115.0K $112.0K
YoY Change 2.65% 2.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $344.8M $344.5M $322.8M
YoY Change
Total Liabilities & Shareholders Equity $581.2M $569.2M $538.6M
YoY Change 5.09% 5.68% 126.6%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$21.40M -$2.399M -$6.891M
YoY Change 409.52% -65.19% 9.89%
Depreciation, Depletion And Amortization $6.900M $5.800M $4.900M
YoY Change 50.0% 18.37% 8.89%
Cash From Operating Activities $21.80M $8.600M $5.400M
YoY Change 113.73% 59.26% 5.88%
INVESTING ACTIVITIES
Capital Expenditures -$5.200M -$10.70M -$7.200M
YoY Change 33.33% 48.61% 242.86%
Acquisitions
YoY Change
Other Investing Activities -$18.30M $19.00M $1.100M
YoY Change 1563.64% 1627.27% 0.0%
Cash From Investing Activities -$23.40M $8.300M -$6.100M
YoY Change 350.0% -236.07% 510.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.200M 4.500M -200.0K
YoY Change -300.0% -2350.0% -33.33%
NET CHANGE
Cash From Operating Activities 21.80M 8.600M 5.400M
Cash From Investing Activities -23.40M 8.300M -6.100M
Cash From Financing Activities -1.200M 4.500M -200.0K
Net Change In Cash -2.800M 21.40M -900.0K
YoY Change -150.0% -2477.78% -123.68%
FREE CASH FLOW
Cash From Operating Activities $21.80M $8.600M $5.400M
Capital Expenditures -$5.200M -$10.70M -$7.200M
Free Cash Flow $27.00M $19.30M $12.60M
YoY Change 91.49% 53.17% 75.0%

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us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the Company&#8217;s consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The accounting estimates that require management&#8217;s most difficult and subjective judgments include revenue recognition, income taxes, website development costs and internal-use software, purchase price allocations for business combinations, valuation of goodwill and intangible assets, leases and stock-based compensation. The Company evaluates its estimates and judgments on an ongoing basis and revises them when necessary. Actual results may differ from the original or revised estimates.</font></div></div>

Files In Submission

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0001370637-16-000124-index-headers.html Edgar Link pending
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0001370637-16-000124.txt Edgar Link pending
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etsy-20160930.xml Edgar Link completed
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etsy-20160930_def.xml Edgar Link unprocessable
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etsy-20160930_pre.xml Edgar Link unprocessable
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