10-Q Filing

Trade Desk, Inc. CIK: 1671933 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-021105`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	ttd-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 68 Cash Flow Statement 56

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$141.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$599.57M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$645.55M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.17M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.30M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$765.81M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$800.41M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.41M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$23.03M	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
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$3.36M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	100.00M	shares	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`	$12.61M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	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`	$839.40M	USD	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`	$503.21M	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`	$28.38M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$518.53M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$531.58M	USD	Point-in-time
Debt, net	`LongTermLineOfCredit`	$27.00M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$6.05M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$6.85M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$538.43M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$551.58M	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 June 30, 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 June 30, 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 June 30, 2018 and December 31, 2017; 35,280 and 32,486 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively; 95,000 Class B shares authorized as of June 30, 2018 and December 31, 2017; 7,574 and 9,155 shares issued and outstanding as of June 30, 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 June 30, 2018 and December 31, 2017; 35,280 and 32,486 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively; 95,000 Class B shares authorized as of June 30, 2018 and December 31, 2017; 7,574 and 9,155 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$209.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$236.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$64.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$35.98M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$245.58M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$300.97M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$797.16M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$839.40M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$72.80M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$198.00M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$112.33M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$126.16M	USD	2 Qtrs
Platform operations	`CostOfGoodsAndServicesSold`	$26.60M	USD	1 Quarter
Platform operations	`CostOfGoodsAndServicesSold`	$27.70M	USD	2 Qtrs
Platform operations	`CostOfGoodsAndServicesSold`	$49.50M	USD	2 Qtrs
Platform operations	`CostOfGoodsAndServicesSold`	$15.15M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$14.17M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$36.72M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$26.64M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$20.69M	USD	1 Quarter
Technology and development	`ResearchAndDevelopmentExpense`	$19.48M	USD	1 Quarter
Technology and development	`ResearchAndDevelopmentExpense`	$37.19M	USD	2 Qtrs
Technology and development	`ResearchAndDevelopmentExpense`	$22.60M	USD	2 Qtrs
Technology and development	`ResearchAndDevelopmentExpense`	$12.13M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$27.59M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$38.51M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$19.40M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$104.53M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$161.91M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$53.11M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$86.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$36.09M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$21.63M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$26.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.69M	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$32.00K	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$-413.00K	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$-777.00K	USD	2 Qtrs
Interest expense (income), net	`InterestIncomeExpenseNet`	$-124.00K	USD	2 Qtrs
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.64M	USD	2 Qtrs
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.32M	USD	2 Qtrs
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.10M	USD	1 Quarter
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-890.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-1.06M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-2.10M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-1.76M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-1.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.54M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.33M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.39M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$5.75M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-4.22M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$5.92M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-458.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.76M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.34M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.60	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.68	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.54	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.63	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.17M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.90M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.05M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.61M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.75M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.24M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.94M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.90M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$28.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$23.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.19M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.83M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$16.54M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$6.51M	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$1.24M	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$3.46M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$968.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-2.73M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$50.35M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.85M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.70M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.64M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-28.53M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.22M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$491.00K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-900.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.97M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.41M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.58M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.71M	USD	2 Qtrs
Capitalized software development costs	`PaymentsToDevelopSoftware`	$2.77M	USD	2 Qtrs
Capitalized software development costs	`PaymentsToDevelopSoftware`	$1.81M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.36M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.52M	USD	2 Qtrs
Repayment on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$27.00M	USD	2 Qtrs
Payment of debt financing costs	`PaymentsOfDebtIssuanceCosts`	$120.00K	USD	2 Qtrs
Payment of financing obligations	`RepaymentsOfLongtermLoansFromVendors`	$321.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.21M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.12M	USD	2 Qtrs
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.29M	USD	2 Qtrs
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.01M	USD	2 Qtrs
Taxes paid related to net settlement of restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$29.00K	USD	2 Qtrs
Taxes paid related to net settlement of restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$544.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.32M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.95M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.54M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.27M	USD	2 Qtrs
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$141.68M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.86M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$141.68M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$115.86M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Capitalized assets financed by accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$928.00K	USD	2 Qtrs
Capitalized assets financed by accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$2.59M	USD	2 Qtrs
Tenant improvements paid by lessor	`PaymentsForTenantImprovements`	$247.00K	USD	2 Qtrs
Tenant improvements paid by lessor	`PaymentsForTenantImprovements`	$640.00K	USD	2 Qtrs
Asset retirement obligation	`AssetRetirementObligationPeriodIncreaseDecrease`	$341.00K	USD	2 Qtrs
Debt financing costs included in debt, net	`DebtIssuanceCostsIncludedInDebtNet`	$1.15M	USD	2 Qtrs
Debt financing costs included in accounts payable	`DebtIssuanceCostsAccountsPayable`	$35.00K	USD	2 Qtrs
Stock-based compensation included in capitalized software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$758.00K	USD	2 Qtrs
Stock-based compensation included in capitalized software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$189.00K	USD	2 Qtrs

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