Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Etsy Inc., balance sheet: property, plant and equipment

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Computer equipment	8,037)	32,686)	35,190)	36,670)	35,587)
Furniture and equipment	7,170)	7,468)	7,999)	6,574)	6,194)
Software	—)	—)	—)	—)	908)
Leasehold improvements	48,145)	50,765)	48,688)	10,731)	10,929)
Construction in progress	10,835)	633)	206)	551)	—)
Building	133,063)	66,650)	66,650)	81,892)	81,892)
Website development and internal-use software	224,855)	113,064)	106,215)	69,201)	48,333)
Property and equipment, gross	432,105)	271,266)	264,948)	205,619)	183,843)
Accumulated depreciation and amortization	(157,043)	(158,771)	(120,084)	(85,440)	(66,226)
Property and equipment, net	275,062)	112,495)	144,864)	120,179)	117,617)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Item	Description	The company
Property and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Etsy Inc. property and equipment, gross increased from 2019 to 2020 and from 2020 to 2021.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Etsy Inc. property and equipment, net decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Etsy Inc., asset age ratios

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Average age ratio	36.34%	58.53%	45.32%	41.55%	36.02%
Estimated total useful life (years)	9	6	7	9	8
Estimated age, time elapsed since purchase (years)	3	4	3	4	3
Estimated remaining life (years)	6	3	4	5	5

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Etsy Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Etsy Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Etsy Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Estimated remaining life		Etsy Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization	157,043)	158,771)	120,084)	85,440)	66,226)
Property and equipment, gross	432,105)	271,266)	264,948)	205,619)	183,843)
Asset Age Ratio
Average age¹	36.34%	58.53%	45.32%	41.55%	36.02%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ Property and equipment, gross
= 100 × 157,043 ÷ 432,105 = 36.34%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Etsy Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Selected Financial Data (US$ in thousands)
Property and equipment, gross	432,105)	271,266)	264,948)	205,619)	183,843)
Depreciation and amortization expense on property and equipment	45,800)	43,000)	38,400)	22,400)	23,800)
Asset Age Ratio (Years)
Estimated total useful life¹	9	6	7	9	8

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

¹ Estimated total useful life = Property and equipment, gross ÷ Depreciation and amortization expense on property and equipment
= 432,105 ÷ 45,800 = 9

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Etsy Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization	157,043)	158,771)	120,084)	85,440)	66,226)
Depreciation and amortization expense on property and equipment	45,800)	43,000)	38,400)	22,400)	23,800)
Asset Age Ratio (Years)
Time elapsed since purchase¹	3	4	3	4	3

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

¹ Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization expense on property and equipment
= 157,043 ÷ 45,800 = 3

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Etsy Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Selected Financial Data (US$ in thousands)
Property and equipment, net	275,062)	112,495)	144,864)	120,179)	117,617)
Depreciation and amortization expense on property and equipment	45,800)	43,000)	38,400)	22,400)	23,800)
Asset Age Ratio (Years)
Estimated remaining life¹	6	3	4	5	5

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

¹ Estimated remaining life = Property and equipment, net ÷ Depreciation and amortization expense on property and equipment
= 275,062 ÷ 45,800 = 6

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Asset age ratio	Description	The company
Estimated remaining life		Etsy Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Etsy Inc. (NASDAQ:ETSY)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life