10-Q Filing

Trade Desk, Inc. CIK: 1671933 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-013017`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ttd-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 34 Cash Flow Statement 49

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$138.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$556.73M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$599.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.84M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.30M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$706.52M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$765.81M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.41M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.05M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$3.36M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$3.36M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$10.59M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$11.13M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$797.16M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$739.06M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$440.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$490.38M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$28.16M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$29.06M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$469.74M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$518.53M	USD	Point-in-time
Debt, net	`LongTermLineOfCredit`	$27.00M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$6.38M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$6.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$551.58M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$476.12M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.000001; 1,000,000 Class A shares authorized as of March 31, 2018 and December 31, 2017; 34,208 and 32,486 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively; 95,000 Class B shares authorized as of March 31, 2018 and December 31, 2017; 7,861 and 9,155 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, par value $0.000001; 1,000,000 Class A shares authorized as of March 31, 2018 and December 31, 2017; 34,208 and 32,486 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively; 95,000 Class B shares authorized as of March 31, 2018 and December 31, 2017; 7,861 and 9,155 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$217.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$209.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$45.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$35.98M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$262.93M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$245.58M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$797.16M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$739.06M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueServicesNet`	$85.67M	USD	1 Quarter
Revenue	`SalesRevenueServicesNet`	$53.35M	USD	1 Quarter
Platform operations	`CostOfServices`	$22.90M	USD	1 Quarter
Platform operations	`CostOfServices`	$12.55M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$12.48M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$16.03M	USD	1 Quarter
Technology and development	`ResearchAndDevelopmentExpense`	$10.46M	USD	1 Quarter
Technology and development	`ResearchAndDevelopmentExpense`	$17.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.93M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$19.11M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$75.74M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$51.42M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.93M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.94M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-364.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-156.00K	USD	1 Quarter
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-544.00K	USD	1 Quarter
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-428.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-700.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-792.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.23M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.14M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-3.77M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$160.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.07M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.17M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.54M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.49M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.32M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$7.28M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$3.35M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$369.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$10.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$274.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-42.39M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-59.19M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.02M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$775.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-87.94M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-49.70M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-770.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$930.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-22.74M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.81M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.60M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.80M	USD	1 Quarter
Capitalized software development costs	`PaymentsToDevelopSoftware`	$858.00K	USD	1 Quarter
Capitalized software development costs	`PaymentsToDevelopSoftware`	$647.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.66M	USD	1 Quarter
Repayment on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$27.00M	USD	1 Quarter
Payment of financing obligations	`RepaymentsOfLongtermLoansFromVendors`	$113.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$275.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.21M	USD	1 Quarter
Taxes paid related to net settlement of restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$361.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$162.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-26.15M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.83M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.00M	USD	1 Quarter
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$138.95M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$106.57M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$138.95M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$106.57M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Capitalized assets financed by accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$813.00K	USD	1 Quarter
Capitalized assets financed by accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.69M	USD	1 Quarter
Tenant improvements paid by lessor	`PaymentsForTenantImprovements`	$640.00K	USD	1 Quarter
Asset retirement obligation	`AssetRetirementObligationPeriodIncreaseDecrease`	$341.00K	USD	1 Quarter
Stock-based compensation included in capitalized software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$144.00K	USD	1 Quarter
Stock-based compensation included in capitalized software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$45.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.