For the year ending 2025-12-31, ETSY had $593,182K increase in cash & cash equivalents over the period. $678,028K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 162,982 | 303,281 | 307,568 | -694,288 |
| Stock-based compensation expense | 244,745 | 282,847 | 284,558 | 230,888 |
| Depreciation and amortization expense | 101,845 | 108,074 | 91,323 | 96,702 |
| Provision for expected credit losses | 9,006 | 11,950 | 19,634 | 12,464 |
| Foreign exchange loss (gain) | - | - | -7,400 | -1,238 |
| Non-cash interest expense | - | - | - | 578 |
| Interest expense on marketable securities | - | - | - | -652 |
| Goodwill impairment | - | - | - | 1,045,022 |
| Deferred provision (benefit) for income taxes | -39,215 | 14,445 | 50,086 | 55,303 |
| Loss on extinguishment of debt | - | - | - | 0 |
| Loss on sale of business | - | 0 | -2,630 | - |
| Asset impairment charges | 101,703 | 0 | 68,091 | - |
| Other non-cash expense (income), net | -34,610 | 18,962 | 1,901 | -5,193 |
| Accounts receivable | 10,034 | -3,573 | 16,066 | 14,056 |
| Funds receivable and seller accounts | 23,035 | -69,093 | 29,328 | 20,570 |
| Prepaid expenses and other current assets | 33,814 | -39,317 | 47,490 | -23,840 |
| Other assets | -4,560 | 1,381 | 2,409 | -7,390 |
| Accounts payable | 2,496 | -3,511 | 2,582 | 532 |
| Accrued and other current liabilities | 27,660 | 34,240 | 34,439 | 6,439 |
| Funds payable and amounts due to sellers | 23,035 | -69,093 | 29,328 | 20,570 |
| Deferred revenue | 6,975 | 4,945 | 457 | 1,905 |
| Other liabilities | 1,465 | 2,541 | 4,783 | 14,416 |
| Net cash provided by operating activities | 693,414 | 752,469 | 705,513 | 683,612 |
| Acquisition of businesses, net of cash acquired | - | - | 0 | 0 |
| Cash paid for asset acquisition and intangible assets | - | - | - | 6,456 |
| Cash paid for intangible assets | - | 0 | 12 | - |
| Purchases of property and equipment | 15,386 | 14,208 | 12,938 | 10,237 |
| Website and app development | 39,278 | 29,290 | 26,958 | 20,506 |
| Purchases of investments | 326,582 | 330,763 | 342,850 | - |
| Purchases of marketable securities | - | - | - | 270,345 |
| Sales and maturities of investments | 312,842 | 321,160 | 309,451 | - |
| Sales and maturities of marketable securities | - | - | - | 277,520 |
| Proceeds from sale of business, net of cash | 100,485 | - | - | - |
| Net cash provided by (used in) investing activities | 32,081 | -53,101 | -73,307 | -30,024 |
| Payment of tax obligations on vested equity awards | 75,220 | 61,588 | 83,441 | 79,163 |
| Repurchase of stock | 776,899 | 723,899 | 576,968 | 425,727 |
| Proceeds from exercise of stock options | 17,667 | 3,907 | 14,228 | 15,024 |
| Proceeds from issuance of convertible senior notes | 700,000 | - | 0 | 0 |
| Payment of debt issuance costs | 11,339 | - | 2,215 | 25 |
| Purchase of capped calls | - | - | 0 | 0 |
| Settlement of convertible senior notes | - | - | 90 | 44 |
| Payments on finance lease obligations | 6,162 | 6,091 | 6,278 | 6,307 |
| Other financing, net | -17,922 | 503 | -1,769 | -10,242 |
| Net cash used in financing activities | -169,875 | -787,168 | -656,533 | -506,484 |
| Effect of exchange rate changes on cash | 37,562 | -15,345 | 12,031 | -6,022 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 593,182 | -103,145 | -12,296 | 141,082 |
| Statement table | - | - | - | 0 |
| Cash, cash equivalents, and restricted cash at beginning of period | - | 914,323 | 926,619 | 785,537 |
| Cash, cash equivalents, and restricted cash at end of period | - | 811,178 | 914,323 | 926,619 |
ETSY INC (ETSY)
ETSY INC (ETSY)