Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Etsy Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Accounts payable	28,007)	40,883)	26,324)	26,545)	13,622)
Pass-through marketplace tax collection obligation	136,360)	109,662)	39,250)	12,242)	3,747)
Vendor accruals	115,593)	73,437)	25,760)	17,817)	14,576)
Employee compensation-related liabilities	66,477)	43,879)	23,335)	19,099)	10,420)
Taxes payable	9,688)	5,374)	—)	—)	—)
Accrued expenses	328,118)	232,352)	88,345)	49,158)	28,743)
Finance lease obligations, current	2,418)	8,537)	8,275)	3,884)	5,798)
Funds payable and amounts due to sellers	220,206)	146,806)	49,786)	21,072)	44,658)
Deferred revenue	12,339)	11,264)	7,617)	7,478)	6,262)
Other current liabilities	24,500)	14,822)	8,181)	3,925)	3,394)
Current liabilities	615,588)	454,664)	188,528)	112,062)	102,477)
Finance lease obligations, net of current portion	110,283)	44,979)	53,611)	2,095)	4,115)
Deferred tax liabilities	79,484)	58,481)	64,497)	30,455)	23,786)
Facility financing obligation	—)	—)	—)	59,991)	60,049)
Long-term debt, net	2,275,418)	1,062,299)	785,126)	276,486)	—)
Other liabilities	122,417)	41,642)	43,956)	19,864)	18,262)
Non-current liabilities	2,587,602)	1,207,401)	947,190)	388,891)	106,212)
Total liabilities	3,203,190)	1,662,065)	1,135,718)	500,953)	208,689)
Common stock, $0.001 par value	127)	126)	119)	120)	122)
Preferred stock, $0.001 par value	—)	—)	—)	—)	—)
Additional paid-in capital	631,762)	883,166)	642,628)	562,033)	499,441)
Retained earnings (accumulated deficit)	71,744)	(146,819)	(227,414)	(153,442)	(96,290)
Accumulated other comprehensive income (loss)	(75,014)	5,951)	(8,699)	(7,813)	(6,379)
Stockholders’ equity	628,619)	742,424)	406,634)	400,898)	396,894)
Total liabilities and stockholders’ equity	3,831,809)	2,404,489)	1,542,352)	901,851)	605,583)

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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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Etsy Inc. current liabilities increased from 2019 to 2020 and from 2020 to 2021.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Etsy Inc. non-current liabilities increased from 2019 to 2020 and from 2020 to 2021.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Etsy Inc. total liabilities increased from 2019 to 2020 and from 2020 to 2021.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Etsy Inc. stockholders’ equity increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Etsy Inc. (NASDAQ:ETSY)

Balance Sheet: Liabilities and Stockholders’ Equity