10-Q Filing

Trade Desk, Inc. CIK: 1671933 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-028667`
Period End Date	20180930
Filing Date	20181109
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	ttd-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 68 Cash Flow Statement 55

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$132.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$166.35M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$599.57M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$640.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.30M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$825.06M	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`	$29.40M	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
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$15.89M	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
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	100.00M	shares	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`	$873.71M	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`	$493.28M	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`	$35.93M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$529.21M	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`	$7.49M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$6.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$536.70M	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 September 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 September 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 September 30, 2018 and December 31, 2017; 35,734 and 32,486 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively; 95,000 Class B shares authorized as of September 30, 2018 and December 31, 2017; 7,451 and 9,155 shares issued and outstanding as of September 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 September 30, 2018 and December 31, 2017; 35,734 and 32,486 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively; 95,000 Class B shares authorized as of September 30, 2018 and December 31, 2017; 7,451 and 9,155 shares issued and outstanding as of September 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`	$252.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$84.69M	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`	$337.01M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$873.71M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$797.16M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$79.41M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$118.83M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$205.57M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$316.83M	USD	3 Qtrs
Platform operations	`CostOfGoodsAndServicesSold`	$45.10M	USD	3 Qtrs
Platform operations	`CostOfGoodsAndServicesSold`	$29.34M	USD	1 Quarter
Platform operations	`CostOfGoodsAndServicesSold`	$78.84M	USD	3 Qtrs
Platform operations	`CostOfGoodsAndServicesSold`	$17.40M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$16.20M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$23.29M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$42.84M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$60.01M	USD	3 Qtrs
Technology and development	`ResearchAndDevelopmentExpense`	$13.18M	USD	1 Quarter
Technology and development	`ResearchAndDevelopmentExpense`	$59.81M	USD	3 Qtrs
Technology and development	`ResearchAndDevelopmentExpense`	$35.78M	USD	3 Qtrs
Technology and development	`ResearchAndDevelopmentExpense`	$22.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$41.81M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$59.82M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$14.23M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$21.31M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$165.53M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$258.47M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$61.01M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$96.56M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$18.41M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$40.04M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$22.26M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$58.35M	USD	3 Qtrs
Interest expense (income), net	`InterestIncomeExpenseNet`	$237.00K	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$-1.29M	USD	3 Qtrs
Interest expense (income), net	`InterestIncomeExpenseNet`	$-513.00K	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$113.00K	USD	3 Qtrs
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.84M	USD	1 Quarter
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.16M	USD	3 Qtrs
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-395.00K	USD	1 Quarter
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.04M	USD	3 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-1.92M	USD	3 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-158.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-2.35M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-4.45M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.59M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$56.43M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.11M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.73M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.83M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.60M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$20.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$33.99M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.15	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.85	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.07	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.77	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.70M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.72M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.18M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.98M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.46M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.92M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.24M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$33.99M	USD	3 Qtrs
Net income	`ProfitLoss`	$48.70M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.11M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.16M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$12.41M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$27.96M	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$3.94M	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$1.73M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-2.40M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$1.31M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$44.74M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$95.22M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.30M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$51.85M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.80M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$7.79M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.51M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.55M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.03M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.38M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.36M	USD	3 Qtrs
Capitalized software development costs	`PaymentsToDevelopSoftware`	$2.48M	USD	3 Qtrs
Capitalized software development costs	`PaymentsToDevelopSoftware`	$4.34M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.72M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.84M	USD	3 Qtrs
Repayment on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$27.00M	USD	3 Qtrs
Payment of debt financing costs	`PaymentsOfDebtIssuanceCosts`	$153.00K	USD	3 Qtrs
Payment of financing obligations	`RepaymentsOfLongtermLoansFromVendors`	$677.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.17M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.77M	USD	3 Qtrs
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.29M	USD	3 Qtrs
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.01M	USD	3 Qtrs
Taxes paid related to net settlement of restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$29.00K	USD	3 Qtrs
Taxes paid related to net settlement of restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$602.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.42M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.20M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.40M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-602.00K	USD	3 Qtrs
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$132.80M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$166.35M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$132.80M	USD	Point-in-time
Cash and cash equivalentsEnd 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`	$166.35M	USD	Point-in-time
Capitalized assets financed by accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$6.62M	USD	3 Qtrs
Capitalized assets financed by accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$945.00K	USD	3 Qtrs
Tenant improvements paid by lessor	`PaymentsForTenantImprovements`	$640.00K	USD	3 Qtrs
Tenant improvements paid by lessor	`PaymentsForTenantImprovements`	$1.02M	USD	3 Qtrs
Asset retirement obligation	`AssetRetirementObligationPeriodIncreaseDecrease`	$386.00K	USD	3 Qtrs
Debt financing costs included in debt, net	`DebtIssuanceCostsIncludedInDebtNet`	$1.15M	USD	3 Qtrs
Stock-based compensation included in capitalized software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$453.00K	USD	3 Qtrs
Stock-based compensation included in capitalized software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$1.19M	USD	3 Qtrs

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