$ETSY
ETSY INC

2023 Q3 Form 10-Q Financial Statement

#000137063723000071 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $636.3M $628.9M
YoY Change 7.04% 7.48%
Cost Of Revenue $188.8M $188.6M
YoY Change 8.27% 10.04%
Gross Profit $447.5M $440.2M
YoY Change 6.52% 6.41%
Gross Profit Margin 70.32% 70.0%
Selling, General & Admin $245.0M $252.5M
YoY Change 10.46% 5.64%
% of Gross Profit 54.75% 57.36%
Research & Development $113.9M $122.0M
YoY Change 5.45% 19.48%
% of Gross Profit 25.46% 27.71%
Depreciation & Amortization $22.20M $22.95M
YoY Change -7.99% -8.32%
% of Gross Profit 4.96% 5.21%
Operating Expenses $358.9M $374.5M
YoY Change -73.89% 9.78%
Operating Profit $88.56M $65.72M
YoY Change -109.28% -9.43%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $8.411M $7.786M
YoY Change 45.95% 1195.51%
Pretax Income $96.97M $5.414M
YoY Change -110.22% -92.6%
Income Tax $9.117M -$56.50M
% Of Pretax Income 9.4% -1043.61%
Net Earnings $87.85M $61.92M
YoY Change -109.12% -15.33%
Net Earnings / Revenue 13.81% 9.85%
Basic Earnings Per Share $0.72 $0.50
Diluted Earnings Per Share $0.64 $0.45
COMMON SHARES
Basic Shares Outstanding 123.0M shares 123.4M shares
Diluted Shares Outstanding 138.9M shares 141.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $976.9M $1.077B
YoY Change -6.17% 6.96%
Cash & Equivalents $742.0M $841.5M
Short-Term Investments $234.9M $235.3M
Other Short-Term Assets $125.6M $93.24M
YoY Change 34.04% -17.38%
Inventory
Prepaid Expenses
Receivables $19.41M $22.59M
Other Receivables $222.0M $221.1M
Total Short-Term Assets $1.344B $1.414B
YoY Change -0.61% 7.08%
LONG-TERM ASSETS
Property, Plant & Equipment $245.8M $243.1M
YoY Change -1.64% -7.1%
Goodwill $137.5M $138.1M
YoY Change 1.13% -89.12%
Intangibles
YoY Change
Long-Term Investments $76.60M $73.98M
YoY Change 138.35% 57.6%
Other Assets $46.21M $225.6M
YoY Change 7.95% 375.11%
Total Long-Term Assets $1.105B $1.155B
YoY Change 0.65% -49.49%
TOTAL ASSETS
Total Short-Term Assets $1.344B $1.414B
Total Long-Term Assets $1.105B $1.155B
Total Assets $2.449B $2.569B
YoY Change -0.05% -28.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.15M $15.00M
YoY Change -15.98% -16.35%
Accrued Expenses $272.0M $231.7M
YoY Change 8.8% 6.26%
Deferred Revenue $14.98M $14.41M
YoY Change 22.57% 21.38%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.200M $4.674M
YoY Change 7.73% 26.02%
Total Short-Term Liabilities $548.8M $503.2M
YoY Change 10.37% 11.85%
LONG-TERM LIABILITIES
Long-Term Debt $2.384B $2.384B
YoY Change -0.04% -0.02%
Other Long-Term Liabilities $113.5M $116.4M
YoY Change 1.17% -4.93%
Total Long-Term Liabilities $113.5M $2.501B
YoY Change 1.17% 1942.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $548.8M $503.2M
Total Long-Term Liabilities $113.5M $2.501B
Total Liabilities $3.072B $3.033B
YoY Change 0.5% 0.24%
SHAREHOLDERS EQUITY
Retained Earnings -$1.347B -$1.135B
YoY Change 33.73% -1168.71%
Common Stock $120.0K $123.0K
YoY Change -4.76% -3.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$622.5M -$464.2M
YoY Change
Total Liabilities & Shareholders Equity $2.449B $2.569B
YoY Change -0.05% -28.79%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $87.85M $61.92M
YoY Change -109.12% -15.33%
Depreciation, Depletion And Amortization $22.20M $22.95M
YoY Change -7.99% -8.32%
Cash From Operating Activities $218.5M $136.3M
YoY Change 5.78% 8.36%
INVESTING ACTIVITIES
Capital Expenditures $10.80M $8.249M
YoY Change -174.67% -203.33%
Acquisitions
YoY Change
Other Investing Activities -$300.0K $1.633M
YoY Change -102.73% -119.59%
Cash From Investing Activities -$11.30M -$6.616M
YoY Change 226.21% -59.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -304.6M -77.69M
YoY Change 95.55% -17.66%
NET CHANGE
Cash From Operating Activities 218.5M 136.3M
Cash From Investing Activities -11.30M -6.616M
Cash From Financing Activities -304.6M -77.69M
Net Change In Cash -97.40M 51.96M
YoY Change -305.77% 244.68%
FREE CASH FLOW
Cash From Operating Activities $218.5M $136.3M
Capital Expenditures $10.80M $8.249M
Free Cash Flow $207.7M $128.0M
YoY Change -6.03% -4.27%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
125054278 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-547274000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
151778000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5755000 usd
etsy Settlement Of Capped Call Value
SettlementOfCappedCallValue
0 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-1000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-49102000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
189376000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
27593000 usd
us-gaap Net Income Loss
NetIncomeLoss
136452000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-464175000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
676867000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
63997000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2064000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-26493000 usd
CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
62168000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-146095000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
73123000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
581295000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
628619000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
115011000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5458000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-40177000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
124736000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-162112000 usd
us-gaap Net Income Loss
NetIncomeLoss
159232000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
581295000 usd
us-gaap Net Income Loss
NetIncomeLoss
159232000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
113628000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49781000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5409000 usd
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
10164000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
14941000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
68091000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1395000 usd
etsy Increase Decrease In Operating Assets Current
IncreaseDecreaseInOperatingAssetsCurrent
-70000 usd
etsy Increase Decrease In Operating Assets Noncurrent
IncreaseDecreaseInOperatingAssetsNoncurrent
4877000 usd
etsy Increase Decrease In Operating Liabilities Current
IncreaseDecreaseInOperatingLiabilitiesCurrent
-137437000 usd
etsy Increase Decrease In Operating Liabilities Noncurrent
IncreaseDecreaseInOperatingLiabilitiesNoncurrent
-6063000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
191902000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3852000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5633000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
12603000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
11567000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
197565000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
133642000 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
124370000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
187037000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5755000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5458000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2186000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
25000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
90000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
32000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3150000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3188000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-278000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4335000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-236242000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-166645000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7287000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-13503000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-79766000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21322000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
926619000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
785537000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
846853000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
29299000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
24856000 usd
etsy Share Based Compensation Capitalized In Development Of Capitalized Software And Asset Additions In Exchange For Liabilities
ShareBasedCompensationCapitalizedInDevelopmentOfCapitalizedSoftwareAndAssetAdditionsInExchangeForLiabilities
9646000 usd
etsy Share Based Compensation Capitalized In Development Of Capitalized Software And Asset Additions In Exchange For Liabilities
ShareBasedCompensationCapitalizedInDevelopmentOfCapitalizedSoftwareAndAssetAdditionsInExchangeForLiabilities
8708000 usd
etsy Right Of Use Asset Obtained In Exchange For Lease Liability
RightOfUseAssetObtainedInExchangeForLeaseLiability
7751000 usd
etsy Right Of Use Asset Obtained In Exchange For Lease Liability
RightOfUseAssetObtainedInExchangeForLeaseLiability
0 usd
etsy Share Based Payment Awards Issued In Conjunction With Acquisition
ShareBasedPaymentAwardsIssuedInConjunctionWithAcquisition
2116000 usd
etsy Share Based Payment Awards Issued In Conjunction With Acquisition
ShareBasedPaymentAwardsIssuedInConjunctionWithAcquisition
3822000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
921278000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
780196000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5341000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5341000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
758874000 usd
CY2022Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
5341000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
764215000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:15pt"><span style="color:#000000;font-family:'Roboto',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Roboto',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires the Company to make estimates and judgments that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes. Actual results could differ from these estimates and judgments. The accounting estimates that require management’s most subjective judgments include: stock-based compensation; income taxes, including the estimate of the annual effective tax rate at interim periods and evaluation of uncertain tax positions; the valuation of acquired intangible assets, developed technology, and goodwill as part of purchase price allocations for business combinations; valuation of goodwill; and leases. As of June 30, 2023, there continues to be significant global macroeconomic and geopolitical uncertainty which may impact the Company’s business, results of operations, and financial condition. As a result, many of the Company’s estimates and judgments require increased judgment and carry a higher degree of variability and volatility. As additional information becomes available, the Company’s estimates may change materially in future periods.</span></div>
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
68100000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142010943 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146373492 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
628876000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
585135000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1269753000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1164401000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14000000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.574
etsy Effective Income Tax Rate Reconciliation Expected Divestiture
EffectiveIncomeTaxRateReconciliationExpectedDivestiture
54000000 usd
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
1900000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
35200000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
37100000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
36000000 usd
CY2023Q2 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
2100000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
61915000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
73123000 usd
us-gaap Net Income Loss
NetIncomeLoss
136452000 usd
us-gaap Net Income Loss
NetIncomeLoss
159232000 usd
CY2023Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1595000 usd
CY2022Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
1591000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
3190000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
3183000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
63510000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
74714000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
139642000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
162415000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123463325 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127088053 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123971210 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127171302 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
14714080 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
14716008 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
14714487 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
14716029 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141010561 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145683336 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6363093 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5835259 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5274972 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4200919 shares
CY2023Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
7855000 usd
CY2022Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
7855000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2023Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
60236000 usd
CY2022Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
60236000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
68091000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
68091000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 etsy Fair Value Amount Authorized For Impact Portfolio
FairValueAmountAuthorizedForImpactPortfolio
30000000 usd
etsy Fair Value Number Of Investments Related To Impact Portfolio
FairValueNumberOfInvestmentsRelatedToImpactPortfolio
3 investment
CY2023Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
577118000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1861000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
6000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
575263000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
266017000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
235263000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
73983000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
758873000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2439000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
38000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
756472000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
388446000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
250413000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
29137000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
879000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
136184000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
799000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
36111000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
546000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
121544000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1607000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
57544000 usd
CY2023Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
83452000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
129591000 usd
CY2023Q2 etsy Vendor Accrual Current
VendorAccrualCurrent
81593000 usd
CY2022Q4 etsy Vendor Accrual Current
VendorAccrualCurrent
127791000 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
53939000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
63718000 usd
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
12689000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
10134000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
231673000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
331234000 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
600000000 usd
CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 usd
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
301431000 usd
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1205151 shares
CY2023Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
122.96
CY2023Q1 etsy Stock Repurchased And Retired During Period Value Including Broker Fees
StockRepurchasedAndRetiredDuringPeriodValueIncludingBrokerFees
148199000 usd
CY2023Q1 etsy Stock Repurchased And Retired During Period Value Including Broker Fees
StockRepurchasedAndRetiredDuringPeriodValueIncludingBrokerFees
148199000 usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
411421 shares
CY2023Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
94.44
CY2023Q2 etsy Stock Repurchased And Retired During Period Value Including Broker Fees
StockRepurchasedAndRetiredDuringPeriodValueIncludingBrokerFees
38863000 usd
CY2023Q2 etsy Stock Repurchased And Retired During Period Value Including Broker Fees
StockRepurchasedAndRetiredDuringPeriodValueIncludingBrokerFees
38863000 usd
CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000 usd
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1616572 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
115.70
etsy Stock Repurchased And Retired During Period Value Including Broker Fees
StockRepurchasedAndRetiredDuringPeriodValueIncludingBrokerFees
187062000 usd
CY2023Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1114369000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
77281000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
64357000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
145964000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
113628000 usd

Files In Submission

Name View Source Status
0001370637-23-000071-index-headers.html Edgar Link pending
0001370637-23-000071-index.html Edgar Link pending
0001370637-23-000071.txt Edgar Link pending
0001370637-23-000071-xbrl.zip Edgar Link pending
etsy-20230630.htm Edgar Link pending
etsy-20230630.xsd Edgar Link pending
etsy-20230630_g1.jpg Edgar Link pending
etsy-20230630_g2.jpg Edgar Link pending
etsy-20230630_g3.jpg Edgar Link pending
etsy-20230630_g4.jpg Edgar Link pending
etsy-20230630_g5.jpg Edgar Link pending
etsy-20230630_g6.jpg Edgar Link pending
ex101q22023.htm Edgar Link pending
ex311q22023.htm Edgar Link pending
ex312q22023.htm Edgar Link pending
ex321q22023.htm Edgar Link pending
ex322q22023.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
etsy-20230630_cal.xml Edgar Link unprocessable
etsy-20230630_def.xml Edgar Link unprocessable
etsy-20230630_pre.xml Edgar Link unprocessable
etsy-20230630_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
etsy-20230630_htm.xml Edgar Link completed
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending