Etsy Mergers and Acquisitions Presentation Deck
Financial Results
Reconciliation of Operating Cash Flow to Free Cash Flow
Free cash flow is considered to be a non-GAAP financial measure. We believe that free cash flow, which measures our ability to generate cash from our business operations, is an
important financial measure for use in evaluating Etsy's financial performance. Free cash flow should be considered in addition to, rather than as a substitute for, consolidated net
income as a measure of our performance and net cash provided by operating activities as a measure of our liquidity. We believe it is important to view free cash flow as a measure
that provides supplemental information to our Consolidated Statements of Cash Flows.
Net cash provided by operating activities
Purchases of property and equipment
Development of internal-use software
Free Cash Flow
1Q20
$29,664
(567)
(1,261)
$27,836
2Q20
$220,431
358
(782)
$220,007
3Q20
$185,194
(179)
(1,642)
$183,373
4020
$243,667
(1,057)
(1,980)
$240,630
1Q21
$148,465
(526)
(3,226)
$144,713
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