10-Q Filing

Trade Desk, Inc. CIK: 1671933 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-017961`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ttd-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 54 Stockholders Equity 16

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$138.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$143.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$207.23M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$74.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$707.74M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$834.76M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.53M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.93M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$944.61M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.06B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$36.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$33.05M	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
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$73.51M	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
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$8.46M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$8.46M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$19.68M	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$19.84M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$1.08B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.12B	USD	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`	$529.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$669.15M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$39.22M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$44.84M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$14.45M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$583.26M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$713.99M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$65.17M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$9.31M	USD	Point-in-time
Other liabilities, non-current	`OtherLiabilitiesNoncurrent`	$4.55M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$652.98M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$723.30M	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, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.000001 Class A, 1,000,000 shares authorized; 38,445 and 36,822 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively Class B, 95,000 shares authorized; 6,034 and 7,042 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, par value $0.000001 Class A, 1,000,000 shares authorized; 38,445 and 36,822 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively Class B, 95,000 shares authorized; 6,034 and 7,042 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$295.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$270.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$124.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$134.27M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$262.93M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$394.57M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$245.58M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$429.40M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.08B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.12B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$85.67M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$120.99M	USD	1 Quarter
Platform operations	`CostOfGoodsAndServicesSold`	$22.90M	USD	1 Quarter
Platform operations	`CostOfGoodsAndServicesSold`	$33.65M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$16.03M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$22.74M	USD	1 Quarter
Technology and development	`ResearchAndDevelopmentExpense`	$25.31M	USD	1 Quarter
Technology and development	`ResearchAndDevelopmentExpense`	$17.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$33.62M	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`	$115.32M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.93M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.67M	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$-156.00K	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$997.00K	USD	1 Quarter
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-544.00K	USD	1 Quarter
Foreign currency exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.33M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-700.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-333.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.34M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.23M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-4.81M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$160.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.07M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	43.91M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.31M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.54M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$10.15M	USD	1 Quarter
Net income	`ProfitLoss`	$9.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.46M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$7.28M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$15.87M	USD	1 Quarter
Noncash lease expense	`NoncashLeaseExpense`	$4.42M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-359.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-603.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-42.39M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-127.23M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$775.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.58M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-49.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-138.89M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.49M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$930.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.07M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.71M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.81M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.08M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.80M	USD	1 Quarter
Capitalized software development costs	`PaymentsToDevelopSoftware`	$1.42M	USD	1 Quarter
Capitalized software development costs	`PaymentsToDevelopSoftware`	$858.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$73.95M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-81.45M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.66M	USD	1 Quarter
Repayment on line of credit	`RepaymentsOfLongTermLinesOfCredit`	$27.00M	USD	1 Quarter
Payment of debt financing costs	`PaymentsOfDebtIssuanceCosts`	$6.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.21M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.50M	USD	1 Quarter
Taxes paid related to net settlement of restricted stock awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.15M	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	`NetCashProvidedByUsedInFinancingActivities`	$8.35M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.15M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-63.39M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.00M	USD	1 Quarter
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$138.95M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$143.84M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Cash and cash equivalentsBeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$207.23M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$138.95M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$143.84M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$155.95M	USD	Point-in-time
Cash and cash equivalentsEnd of period	`CashAndCashEquivalentsAtCarryingValue`	$207.23M	USD	Point-in-time
Capitalized assets financed by accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$813.00K	USD	1 Quarter
Capitalized assets financed by accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$1.49M	USD	1 Quarter
Tenant improvements paid by lessor	`PaymentsForTenantImprovements`	$413.00K	USD	1 Quarter
Asset retirement obligation	`AssetRetirementObligationPeriodIncreaseDecrease`	$341.00K	USD	1 Quarter
Asset retirement obligation	`AssetRetirementObligationPeriodIncreaseDecrease`	$126.00K	USD	1 Quarter
Stock-based compensation included in capitalized software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$455.00K	USD	1 Quarter
Stock-based compensation included in capitalized software development costs	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$144.00K	USD	1 Quarter
Cash paid for amounts included in the measurement of lease liabilities included in operating cash flows	`OperatingLeasePayments`	$3.79M	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$36.47M	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$262.93M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$394.57M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$245.58M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$429.40M	USD	Point-in-time
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.50M	USD	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.21M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.43M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.32M	USD	1 Quarter
Restricted stock award grants, net of forfeitures and shares withheld for taxes	`StockIssuedDuringPeriodValueRestrictedStockNetOfForfeituresAndSharesWithheldForTaxes`	$-361.00K	USD	1 Quarter
Restricted stock award grants, net of forfeitures and shares withheld for taxes	`StockIssuedDuringPeriodValueRestrictedStockNetOfForfeituresAndSharesWithheldForTaxes`	$-1.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.07M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$262.93M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$394.57M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$245.58M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$429.40M	USD	Point-in-time

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