PINTEREST, INC. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Pinterest, Inc. has filed its 2023 10-K report detailing financial performance and equity structures.</b>

AI Summary

PINTEREST, INC. (PINS) filed a Annual Report (10-K) with the SEC on February 8, 2024. Pinterest, Inc. filed its 2023 Form 10-K on February 8, 2024, reporting on the fiscal year ending December 31, 2023. The filing covers financial data for the fiscal years 2023, 2022, and 2021. Key financial statement components like Common Stock, Additional Paid-In Capital, Accumulated Other Comprehensive Income, and Retained Earnings are detailed for the periods ending December 31, 2020, 2021, 2022, and 2023. Information regarding Restricted Stock Units (RSUs) under the 2009 Stock Plan and the 2019 Omnibus Incentive Plan for 2023 is included. The company's business address is 651 Brannan Street, San Francisco, CA 94107, with a phone number of 415-762-7100.

Why It Matters

For investors and stakeholders tracking PINTEREST, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Pinterest's financial health and operational structure for the fiscal year 2023, crucial for investors assessing the company's performance and future prospects. The detailed breakdown of equity components and stock-based compensation plans offers insight into how the company manages its workforce incentives and shareholder value.

Risk Assessment

Risk Level: medium — PINTEREST, INC. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. However, the sheer volume of financial data and disclosures requires careful analysis to identify specific risks and opportunities.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand Pinterest's performance and strategic direction for 2024.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-08 — Filing Date (Date of submission)
• 2023 — Fiscal Year (Primary reporting year)
• 2022 — Prior Fiscal Year (Comparative year)
• 2021 — Prior Fiscal Year (Comparative year)

Key Players & Entities

• PINTEREST, INC. (company) — Filer name
• 651 BRANNAN STREET (location) — Business address
• SAN FRANCISCO (location) — Business address city
• CA (location) — Business address state
• 94107 (location) — Business address zip
• 415-762-7100 (phone_number) — Business phone

Forward-Looking Statements

• Pinterest will continue to report its fiscal year-end on December 31st in future 10-K filings. (PINTEREST, INC.) — high confidence, target: 2025-12-31

FAQ

Industry Context

Pinterest operates in the online advertising and social media industry, competing with other platforms for user engagement and advertiser spending.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit annual reports.

What Investors Should Do

1. Analyze the detailed financial statements for revenue trends and profitability.
2. Review disclosures on stock-based compensation and equity structure.
3. Identify any new or updated risk factors presented in the filing.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-08: Filing Date — Date Pinterest, Inc. submitted its 10-K filing.

Year-Over-Year Comparison

This is the initial 10-K filing provided for analysis; no prior filing data is available for comparison within this context.

From the Filing

0001506293-24-000018.txt : 20240208 0001506293-24-000018.hdr.sgml : 20240208 20240208161602 ACCESSION NUMBER: 0001506293-24-000018 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 100 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PINTEREST, INC. CENTRAL INDEX KEY: 0001506293 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 263607129 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38872 FILM NUMBER: 24609278 BUSINESS ADDRESS: STREET 1: 651 BRANNAN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 4157627100 MAIL ADDRESS: STREET 1: 651 BRANNAN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: Pinterest, Inc. DATE OF NAME CHANGE: 20120808 FORMER COMPANY: FORMER CONFORMED NAME: Cold Brew Labs Inc. DATE OF NAME CHANGE: 20101122 10-K 1 pins-20231231.htm 10-K pins-20231231 FY FALSE 2023 0001506293 P2Y 1 http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent 249 0001506293 2023-01-01 2023-12-31 0001506293 2023-06-30 iso4217:USD 0001506293 us-gaap:CommonClassAMember 2024-02-02 xbrli:shares 0001506293 us-gaap:CommonClassBMember 2024-02-02 0001506293 2023-12-31 0001506293 2022-12-31 0001506293 us-gaap:CommonClassAMember 2023-12-31 iso4217:USD xbrli:shares 0001506293 us-gaap:CommonClassAMember 2022-12-31 0001506293 us-gaap:CommonClassBMember 2022-12-31 0001506293 us-gaap:CommonClassBMember 2023-12-31 0001506293 2022-01-01 2022-12-31 0001506293 2021-01-01 2021-12-31 0001506293 us-gaap:CommonStockMember 2020-12-31 0001506293 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001506293 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001506293 us-gaap:RetainedEarningsMember 2020-12-31 0001506293 2020-12-31 0001506293 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001506293 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001506293 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001506293 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001506293 us-gaap:CommonStockMember 2021-12-31 0001506293 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001506293 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001506293 us-gaap:RetainedEarningsMember 2021-12-31 0001506293 2021-12-31 0001506293 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001506293 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001506293 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001506293 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001506293 us-gaap:CommonStockMember 2022-12-31 0001506293 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001506293 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001506293 us-gaap:RetainedEarningsMember 2022-12-31 0001506293 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001506293 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001506293 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001506293 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001506293 us-gaap:CommonStockMember 2023-12-31 0001506293 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001506293 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001506293 us-gaap:RetainedEarningsMember 2023-12-31 0001506293 us-gaap:RestrictedStockUnitsRSUMember pins:A2009StockPlanMember 2023-01-01 2023-12-31 0001506293 srt:MinimumMember pins:A2019OmnibusIncentivePlanMember 2023-01-01 2023-12-31 0001506293 srt:MaximumMember pins:A2019OmnibusIncentivePlanMember 2023-01-01 2023-12-31 0001506293 us-gaap:ComputerEquipmentMember 2023-12-31 0001506293 us-gaap:FurnitureAndFixturesMember 2023-12-31 0001506293 2022-10-01 2022-12-31 pins:segment 0001506293 us-gaap:Ca