Deferred consideration (1)

[Table of Contents](#i5b8426ad342a427bafdce79a90546c91_7)Etsy, Inc.Condensed Consolidated Statements of Cash Flows (Unaudited) (In thousands)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nine Months Ended  September 30, |
|  | 2022 |  | 2021 |
| Supplemental cash flow disclosures: |  |  |  |
| Cash paid for income taxes, net of refunds | $ | 25,071  |  |  | $ | 66,105  |  |
| Supplemental non-cash disclosures: |  |  |  |
| Deferred consideration (1) | $ | 17,197  |  |  | $ | —  |  |
| Replacement share-based awards issued in conjunction with acquisitions | $ | —  |  |  | $ | 5,686  |  |
| Stock-based compensation capitalized in development of capitalized software and asset additions in exchange for liabilities | $ | 7,806  |  |  | $ | 4,920  |  |
|  |  |  |  |
| Right-of-use assets obtained in exchange for new lease liabilities | $ | 236  |  |  | $ | 1,241  |  |
| Debt issuance costs included in accounts payable and accrued expenses | $ | —  |  |  | $ | 476  |  |

(1) See “Note 12—Stock-Based Compensation” for more information on the settlement of deferred consideration.The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown above:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nine Months Ended  September 30, |
|  | 2022 |  | 2021 |
| Beginning balance: |  |  |  |
| Cash and cash equivalents | $ | 780,196  |  |  | $ | 1,244,099  |  |
| Restricted cash | 5,341  |  |  | 5,341  |  |
| Total cash, cash equivalents, and restricted cash | $ | 785,537  |  |  | $ | 1,249,440  |  |
|  |  |  |  |
| Ending balance: |  |  |  |
| Cash and cash equivalents | $ | 789,990  |  |  | $ | 619,402  |  |
| Restricted cash | 5,341  |  |  | 5,341  |  |
| Total cash, cash equivalents, and restricted cash | $ | 795,331  |  |  | $ | 624,743  |  |

  
The accompanying notes are an integral part of these condensed consolidated financial statements.  
12
