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
Etsy, Inc.
Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders’ Equity












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

















































 

Balanc e as of
December 31,
2012 2,363,786
$808
1,128,425
$865
1,222,282
$ 3,361
4,215,610
$ 27,870
396,727
$ 6,201
203,399
$ 1,322
11,594,203
$ 39,785
32,730,683
$ 33
(648,795)
$ (1)
$ 15,706
$ (16,338)
$ (52)
$ (652)
Stoc k-bas ed
compensation
ex pens e —
4,077
4,077
Exer c ise of
ves ted options
1,024,560
1
1,327
1,328
Repurc hase of
shar es —
(23,500)
(188)
(188)
Retirement of
repurc hased
shar es —
(672,295)
(1)
672,295
1
Exc es s tax
benefit from the
ex er c ise of
options —
22
22
Other
comprehens ive
income —
212
212
Net loss
(796)
(796)
Balanc e as of
December 31,
2013 2,363,786
808
1,128,425
865
1,222,282
3,361
4,215,610
27,870
396,727
6,201
203,399
1,322
11,594,203
39,785
33,082,948
33
20,944
(17,134)
160
4,003
Stoc k-bas ed
compensation
ex pens e —
6,110
6,110
Exer c ise of
ves ted options
4,215,628
4
7,952
7,956
Issuance of
common stoc k
3,301,887
3
34,997
35,000
Issuance of
stock at
ac quisition date
3,580,476
4
27,719
27,723
Stoc k expense-
ac quisitions —
756
756
Exc es s tax
benefit from the
ex er c ise of
options —
4,877
4,877
Other
comprehens ive
loss —
(4,094)
(4,094)
Net loss
(15,243)
(15,243)
Balanc e as of
December 31,
2014 2,363,786
808
1,128,425
865
1,222,282
3,361
4,215,610
27,870
396,727
6,201
203,399
1,322
11,594,203
39,785
44,180,939
44
103,355
(32,377)
(3,934)
67,088
Stoc k-bas ed
compensation
ex pens e —
9,444
9,444
Exer c ise of
ves ted options
1,315,735
2
3,624
3,626
Exer c ise of
warr ants —
105,099
1
109
110
Shares withheld
in net ex erc ise
of warrants
(8,230)
(1)
(109)
(110)
Common stock
iss ued through
public offer ing
13,333,333
14
194,347
194,361
Contribution to
Etsy.org —
188,235
3,200
3,200
Stoc k expense-
ac quisitions —
1,122
1,122
Conv ers ion of
liability -
classified
ves ted
restricted
shar es —
1,755
1,755
Conv ers ion of
preferr ed s tock
upon public
offer ing (2,363,786)
(808)
(1,128,425)
(865)
(1,222,282)
(3,361)
(4,215,610)
(27,870)
(396,727)
(6,201)
(203,399)
(1,322)
(11,594,203)
(39,785)
53,448,243
53
80,159
80,212
Conv ers ion of
liability -
classified
warr ants upon
public offer ing
5,070
5,070
Exc es s tax
benefit from the
ex er c ise of
stock options
3,944
3,944
Other
comprehens ive
income —
14,739
14,739
Net loss
(54,063)
(54,063)
Balanc e as of
December 31,
2015
$ —
$ —
$ —
$ —
$ —
$ —
$ —
112,563,354
$ 113
$ —
$ 406,020
$ (86,440)
$ 10,805
$ 330,498
The accompanying notes are an integral part of these consolidated financial statements
72