Etsy 2015 Annual Report Download - page 74

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
Etsy, Inc.
Consolidated Statements of Operations






Revenue $ 125,022
$ 195,591
$ 273,499
Cost of revenue 47,779
73,633
96,979
Gross profit 77,243
121,958
176,520
Operating expenses:
Marketing 17,850
39,655
66,771
Product development 27,548
36,634
42,694
General and administrative 31,112
51,920
68,939
Total operating expenses 76,510
128,209
178,404
Income (loss) from operations 733
(6,251)
(1,884)
Other income (expense):
Interest expense and amortization of deferred financing costs (302)
(590)
(1,526)
Interest and other income 46
41
324
Net unrealized loss on warrant and other liabilities (419)
(411)
(3,133)
Foreign exchange loss —
(3,049)
(21,775)
Total other expense (675)
(4,009)
(26,110)
Income (loss) before income taxes 58
(10,260)
(27,994)
Provision for income taxes (854)
(4,983)
(26,069)
Net loss $ (796)
$ (15,243)
$ (54,063)
Net loss per share attributable to common stockholders:
Basic and diluted $ (0.02)
$ (0.38)
$ (0.59)
Weighted average common shares outstanding:
Basic and diluted 32,667,242
40,246,663
91,122,291
The accompanying notes are an integral part of these consolidated financial statements
70