2023 Q4 Form 10-K Financial Statement

#000167193324000014 Filed on February 15, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $605.8M $1.946B $1.578B
YoY Change 23.45% 23.34% 31.87%
Cost Of Revenue $100.7M $365.6M $281.1M
YoY Change 26.47% 30.05% 26.89%
Gross Profit $505.1M $1.581B $1.297B
YoY Change 22.86% 21.89% 33.0%
Gross Profit Margin 83.38% 81.21% 82.18%
Selling, General & Admin $258.7M $968.2M $863.1M
YoY Change 14.21% 12.18% 38.33%
% of Gross Profit 51.21% 61.26% 66.57%
Research & Development $102.0M $411.8M $319.9M
YoY Change 20.74% 28.74% 41.45%
% of Gross Profit 20.19% 26.05% 24.67%
Depreciation & Amortization $20.52M $80.42M $54.43M
YoY Change 21.81% 47.76% 28.91%
% of Gross Profit 4.06% 5.09% 4.2%
Operating Expenses $360.7M $1.380B $1.183B
YoY Change 15.98% 16.65% 39.16%
Operating Profit $144.4M $200.5M $113.7M
YoY Change 44.21% 76.4% -8.94%
Interest Expense $16.24M $67.52M $13.72M
YoY Change 35.77% 392.24% -593.2%
% of Operating Profit 11.24% 33.68% 12.07%
Other Income/Expense, Net $67.52M $13.72M
YoY Change 392.24% -593.2%
Pretax Income $160.7M $268.0M $127.4M
YoY Change 43.31% 110.41% 4.37%
Income Tax $63.35M $89.06M $73.99M
% Of Pretax Income 39.43% 33.23% 58.09%
Net Earnings $97.32M $178.9M $53.39M
YoY Change 36.71% 235.19% -61.25%
Net Earnings / Revenue 16.07% 9.19% 3.38%
Basic Earnings Per Share $0.37 $0.11
Diluted Earnings Per Share $0.19 $0.36 $0.11
COMMON SHARES
Basic Shares Outstanding 489.3M shares 486.9M shares
Diluted Shares Outstanding 500.2M shares 499.9M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.380B $1.380B $1.447B
YoY Change -4.58% -4.58% 50.88%
Cash & Equivalents $895.1M $895.1M $1.031B
Short-Term Investments $485.2M $485.2M $416.1M
Other Short-Term Assets $63.35M $63.35M $51.84M
YoY Change 22.22% 22.22% -53.78%
Inventory
Prepaid Expenses
Receivables $2.870B $2.870B $2.347B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.314B $4.314B $3.846B
YoY Change 12.18% 12.18% 24.39%
LONG-TERM ASSETS
Property, Plant & Equipment $161.4M $359.2M $394.2M
YoY Change -7.1% -8.88% 6.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $60.73M $198.7M $122.4M
YoY Change 29.55% 62.37% 20.66%
Total Long-Term Assets $574.7M $574.7M $535.1M
YoY Change 7.41% 7.41% 10.17%
TOTAL ASSETS
Total Short-Term Assets $4.314B $4.314B $3.846B
Total Long-Term Assets $574.7M $574.7M $535.1M
Total Assets $4.889B $4.889B $4.381B
YoY Change 11.6% 11.6% 22.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.317B $2.317B $1.871B
YoY Change 23.83% 23.83% 13.03%
Accrued Expenses $138.0M $193.5M $157.9M
YoY Change 30.83% 22.56% 6.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.511B $2.511B $2.029B
YoY Change 23.73% 23.73% 12.53%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $33.26M $213.6M $236.0M
YoY Change 20.99% -9.49% -4.34%
Total Long-Term Liabilities $33.26M $213.6M $236.0M
YoY Change 20.99% -9.49% -4.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.511B $2.511B $2.029B
Total Long-Term Liabilities $33.26M $213.6M $236.0M
Total Liabilities $2.724B $2.724B $2.265B
YoY Change 20.27% 20.27% 10.5%
SHAREHOLDERS EQUITY
Retained Earnings $197.0M
YoY Change -70.41%
Common Stock $1.967B
YoY Change 35.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.164B $2.164B $2.115B
YoY Change
Total Liabilities & Shareholders Equity $4.889B $4.889B $4.381B
YoY Change 11.6% 11.6% 22.46%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income $97.32M $178.9M $53.39M
YoY Change 36.71% 235.19% -61.25%
Depreciation, Depletion And Amortization $20.52M $80.42M $54.43M
YoY Change 21.81% 47.76% 28.91%
Cash From Operating Activities $91.12M $598.3M $548.7M
YoY Change -47.47% 9.04% 44.97%
INVESTING ACTIVITIES
Capital Expenditures $27.32M $46.79M $84.16M
YoY Change -46.07% -44.4% 53.57%
Acquisitions
YoY Change
Other Investing Activities -$29.67M -$52.57M -$212.5M
YoY Change -66.26% -75.26% 531.19%
Cash From Investing Activities -$57.09M -$107.6M -$304.4M
YoY Change -58.81% -64.65% 225.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $646.6M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -210.7M -$626.1M $31.99M
YoY Change -21448.13% -2057.07% 0.21%
NET CHANGE
Cash From Operating Activities 91.12M $598.3M $548.7M
Cash From Investing Activities -57.09M -$107.6M -$304.4M
Cash From Financing Activities -210.7M -$626.1M $31.99M
Net Change In Cash -176.7M -$135.4M $276.4M
YoY Change -592.82% -148.99% -12.77%
FREE CASH FLOW
Cash From Operating Activities $91.12M $598.3M $548.7M
Capital Expenditures $27.32M $46.79M $84.16M
Free Cash Flow $63.80M $551.5M $464.6M
YoY Change -48.05% 18.72% 43.52%

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CY2022 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
338829000 usd
CY2021 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
253444000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
46790000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
84160000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54804000 usd
CY2023 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
8230000 usd
CY2022 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
7725000 usd
CY2021 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
5169000 usd
CY2023 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
CY2022 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
CY2021 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
13261000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-107593000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-304374000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-93638000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
646597000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1924000 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
60525000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
47525000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
61476000 usd
CY2023 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
38482000 usd
CY2022 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
33062000 usd
CY2021 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
29229000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
78516000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
48595000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
56855000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-626106000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31992000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31926000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-135377000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
276352000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
316801000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1030506000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
754154000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
437353000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
895129000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1030506000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
754154000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
151899000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4211000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3608000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
967000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
995000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
518000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
63256000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
57862000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
52974000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
27237000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
29881000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
25356000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4684000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2166000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5907000 usd
CY2023 ttd Tenant Improvements Paid By Lessor Value
TenantImprovementsPaidByLessorValue
0 usd
CY2022 ttd Tenant Improvements Paid By Lessor Value
TenantImprovementsPaidByLessorValue
1453000 usd
CY2021 ttd Tenant Improvements Paid By Lessor Value
TenantImprovementsPaidByLessorValue
0 usd
CY2023 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
1076000 usd
CY2022 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
438000 usd
CY2021 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
1705000 usd
CY2023 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5328000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4014000 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3320000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1—Nature of Operations</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Trade Desk, Inc. (the “Company”) is a global technology company that empowers buyers of advertising. Through the Company’s self-service, cloud-based platform, ad buyers can create, manage and optimize more expressive data-driven digital advertising campaigns across ad formats and channels, including video (which includes connected television (“CTV”)), display, audio, digital-out-of-home, native and social, on a multitude of devices, such as computers, mobile devices, televisions and streaming devices. The Company’s platform integrations with major inventory, publisher and data partners provide ad buyers reach and decisioning capabilities, and the Company’s enterprise application programming interfaces (“APIs”) enable its clients to customize and expand platform functionality.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a Delaware corporation formed in November 2009 and headquartered in Ventura, California with offices in various cities in North America, Europe, Asia and Australia.</span></div>
CY2021Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
10
CY2021Q2 ttd Stockholders Equity Note Stock Split Additional Shares Issued Per Share
StockholdersEquityNoteStockSplitAdditionalSharesIssuedPerShare
9 shares
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from these estimates.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management regularly evaluates its estimates, primarily those related to: (1) revenue recognition criteria, including the determination of revenue reporting as net versus gross in the Company’s revenue arrangements, (2) allowances for credit losses, (3) operating lease assets and liabilities, including the incremental borrowing rate and terms and provisions of each lease (4) the useful lives of property and equipment and capitalized software development costs, (5) income taxes, (6) assumptions used in the option pricing models to determine the fair value of stock-based compensation and (7) the recognition and disclosure of contingent liabilities. These estimates are based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances; the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2023, the impacts to the Company’s business due to geopolitical developments and macroeconomic factors, such as changes in interest rates, inflation, foreign currency exchange rates, supply chain disruptions and economic growth continue to evolve. As a result, many of the Company’s estimates and assumptions, including the allowance for credit losses, consider macroeconomic factors in the market, which require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, the Company’s estimates may change materially in future periods.</span></div>
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P4Y
CY2023 ttd Share Based Compensation Forfeiture Method
ShareBasedCompensationForfeitureMethod
The Company accounts for forfeitures as they occur.
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10477000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7374000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7253000 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2960000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3203000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1456000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
611000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
100000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1335000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
12826000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10477000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7374000 usd
CY2023 ttd Amortization Period Of Capitalized Software Development Costs
AmortizationPeriodOfCapitalizedSoftwareDevelopmentCosts
P2Y
CY2023Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2023Q4 ttd Operating Lease Option To Terminate Term
OperatingLeaseOptionToTerminateTerm
P1Y
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:18pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash and cash equivalents, short-term investments and accounts receivable. The Company maintains its cash and cash equivalents with financial institutions, and its cash levels exceed the Federal Deposit Insurance Corporation federally </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">insured limits. Short-term investments consist of investments in U.S. government securities, U.S. government agency securities, and high-credit quality corporate debt securities and commercial paper.</span></div>
CY2023 ttd Number Of Holding Company
NumberOfHoldingCompany
1 holdingcompany
CY2022 ttd Number Of Holding Company
NumberOfHoldingCompany
1 holdingcompany
CY2021 ttd Number Of Holding Company
NumberOfHoldingCompany
2 holdingcompany
CY2023 ttd Number Of Holding Company
NumberOfHoldingCompany
1 holdingcompany
CY2022 ttd Number Of Holding Company
NumberOfHoldingCompany
1 holdingcompany
CY2022 ttd Number Of Holding Company
NumberOfHoldingCompany
1 holdingcompany
CY2021 ttd Number Of Holding Company
NumberOfHoldingCompany
2 holdingcompany
CY2023 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 business
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 business
CY2021 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 business
CY2023Q4 ttd Common Stock Number Of Classes
CommonStockNumberOfClasses
2 class
CY2023 us-gaap Net Income Loss
NetIncomeLoss
178940000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
53385000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
489261000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
486937000 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10921000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12988000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
500182000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
499925000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5580000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10707000 shares
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
319959000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
279653000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
158537000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
105894000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
161422000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
173759000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
62000000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
42000000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
32333000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
24829000 usd
CY2023Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
15432000 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
6285000 usd
CY2023Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
16901000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
18544000 usd
CY2023 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
14000000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
7000000 usd
CY2021 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2023 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
895129000 usd
CY2023Q4 us-gaap Short Term Investments
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485159000 usd
CY2023Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
1380288000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1030506000 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
416080000 usd
CY2022Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
1446586000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
439486000 usd
CY2023Q4 ttd Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date One To Two Years
DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateOneToTwoYears
45673000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
485159000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
48866000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
51918000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1898000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1668000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
12901000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
9140000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
2208000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
2490000 usd
CY2023 us-gaap Lease Cost
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61457000 usd
CY2022 us-gaap Lease Cost
LeaseCost
60236000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
62412000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
59141000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
56200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
48503000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
44059000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
51173000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
321488000 usd
CY2023Q4 ttd Lessee Operating Lease Not Yet Commenced Commitments
LesseeOperatingLeaseNotYetCommencedCommitments
63340000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22255000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
235893000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
55524000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
180369000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
491621000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
498642000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
337413000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
53000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
48000000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
104000000 usd
CY2023 ttd Tax Benefit From Stock Based Award Activity
TaxBenefitFromStockBasedAwardActivity
91000000 usd
CY2022 ttd Tax Benefit From Stock Based Award Activity
TaxBenefitFromStockBasedAwardActivity
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CY2021 ttd Tax Benefit From Stock Based Award Activity
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Files In Submission

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