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ETSY INC (ETSY)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Other non-U.S.   606.3379.1195.7    
    United Kingdom   329.2195.872.551.4   
    Other international      129.8   
    Other   1,393.61,150.7550.3422.5   
Total revenues  2,566.12,329.11,725.6818.4603.7441.2365.0273.5
            Revenue growth   [+]10.2%35.0%110.9%35.6%36.8%20.9%33.4%39.8%
Cost of goods sold  744.6654.5464.7271.0190.8151.0123.397.0
Gross profit  1,821.51,674.61,260.9547.3412.9290.2241.6176.5
            Gross margin  71.0%71.9%73.1%66.9%68.4%65.8%66.2%64.5%
Selling, general and administrative   [+]1,022.7937.3656.8336.7240.9200.6168.4135.7
Research and development  412.4271.5180.1121.997.274.655.142.7
EBITDA   [+]483.2540.0482.2136.8101.542.340.716.7
            EBITDA margin  18.8%23.2%27.9%16.7%16.8%9.6%11.1%6.1%
Depreciation  96.745.943.038.422.423.819.216.4
EBITA  386.5494.1439.298.479.118.521.40.3
            EBITA margin  15.1%21.2%25.5%12.0%13.1%4.2%5.9%0.1%
Amortization of intangibles   28.415.29.64.33.43.32.2
EBIT   [+]386.5465.7424.088.874.815.118.1-1.9
            EBIT margin  15.1%20.0%24.6%10.8%12.4%3.4%5.0%-0.7%
Non-recurring items   [+]1,045.0    3.20.6 
Interest expense, net   [+] 9.942.024.322.211.17.21.2
Other income (expense), net   [+]-3.415.8-16.316.22.531.5-13.2-24.9
Pre-tax income  -662.0471.7365.780.655.132.3-2.9-28.0
Income taxes  32.3-21.916.5-15.2-22.4-49.527.026.1
            Tax rate    4.5%     
Net income  -694.3493.5349.295.977.581.8-29.9-54.1
            Net margin  -27.1%21.2%20.2%11.7%12.8%18.5%-8.2%-19.8%
   
Basic EPS   [+]($5.48)$3.88$2.88$0.80$0.64$0.69($0.26)($0.59)
Diluted EPS   [+]($5.48)$3.36$2.56$0.76$0.61$0.67($0.26)($0.59)
   
Shares outstanding (basic)   [+]126.8127.2121.3119.7120.1118.5113.691.1
Shares outstanding (diluted)   [+]126.8146.7136.4125.7127.1122.3113.691.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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