Etsy 2015 Annual Report Download - page 103
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Etsy, Inc.
Notes to Consolidated Financial Statements
The following table presents the calculation of basic and diluted net loss per share for periods presented (in thousands, except share and per share data):
Net loss $ (796)
$ (15,243)
$ (54,063)
Basic and diluted shares:
Weighted average common shares outstanding 32,667,242
40,246,663
91,122,291
Net loss per share attributable to common stockholders:
Basic and diluted net loss per share applicable to common stockholders $ (0.02)
$ (0.38)
$ (0.59)
The following potential common shares were excluded from the calculation of diluted net loss per share attributable to common stockholders because their
effect would have been anti-dilutive for the periods presented:
Stock options 12,422,276
11,308,241
11,806,620
Restricted Stock Units —
—
128,200
Warrants 203,030
203,030
182,031
Convertible preferred stock 53,448,243
53,448,243
16,254,123
Total anti-dilutive securities 66,073,549
64,959,514
28,370,974
Revenue by country is based on the billing address of the seller. The following table summarizes revenue by geographic area (in thousands):
United States $ 103,428
$ 153,866
$ 213,389
International 21,594
41,725
60,110
Revenue $ 125,022
$ 195,591
$ 273,499
No individual international country’s revenue exceeded 5% of total revenue. All significant long-lived assets are located in the United States.
Lease Commitments
The Company entered into a credit agreement with ePlus Group, Inc. (“ePlus”) on January 3, 2014, which provided the Company with a credit line of up to
$8.0 million for computer equipment leases (the “ePlus Line”), which was increased to $18.0 million during 2015. The ePlus Line allows the Company to
order equipment from any approved vendor. ePlus purchases the equipment on behalf of the Company and leases it back to the Company. The leases have a
36-month term and are payable in equal monthly installments with a buy-out option of $1 or fair market value at the end of the lease term depending on the
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