Payoneer Global Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
PAYO$7.150.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated balance sheets
U.S. DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| · 2023 · 2022 | ||||||
| Assets: · · | ||||||
| Current assets: · · | ||||||
| Cash and cash equivalents | | $617,022 | | $543,299 | ||
| Restricted cash | | 7,030 | | 2,882 | ||
| Customer funds | | 6,390,526 | | 5,838,612 | ||
| Accounts receivable (net of allowance of $385 in 2023 and $246 in 2022) | | 7,980 | | 12,878 | ||
| Capital advance receivables (net of allowance of $5,059 in 2023 and $5,311 in 2022) | | 45,493 | | 37,155 | ||
| Other current assets | | 40,672 | | 36,278 | ||
| Total current assets | | 7,108,723 | | 6,471,104 | ||
| Non-current assets: | | | | |||
| Property, equipment and software, net | | 15,499 | | 14,392 | ||
| Goodwill | | 19,889 | | 19,889 | ||
| Intangible assets, net | | 76,266 | | 45,444 | ||
| Restricted cash | | 5,780 | | 4,848 | ||
| Deferred taxes | | 15,291 | | 4,169 | ||
| Investment in associated company | | — | | 6,429 | ||
| Severance pay fund | | 840 | | 1,095 | ||
| Operating lease right-of-use assets | | | 24,854 | | | 15,260 |
| Other assets | | 15,977 | | 12,021 | ||
| Total assets | | $7,283,119 | | $6,594,651 | ||
| | | | | | | |
| Liabilities and shareholders’ equity: | | | | |||
| Current liabilities: | | | | |||
| Trade payables | | $33,941 | | $41,566 | ||
| Outstanding operating balances | | 6,390,526 | | 5,838,612 | ||
| Other payables | | 117,508 | | 97,334 | ||
| Total current liabilities | | 6,541,975 | | 5,977,512 | ||
| Non-current liabilities: | | | | | | |
| Long-term debt from related party (refer to Notes 11 and 22 for further information) | | 18,411 | | 16,138 | ||
| Warrant liability | | 8,555 | | 25,914 | ||
| Other long-term liabilities | | 49,905 | | 29,831 | ||
| Total liabilities | | | 6,618,846 | | | 6,049,395 |
| Commitments and contingencies (Note 16) | | | | |||
| | | | | | | |
| Shareholders’ equity: | | | | |||
| Preferred stock, $0.01 par value, 380,000,000 shares authorized; no shares were issued and outstanding at December 31, 2023 and December 31, 2022. | | — | | — | ||
| Common stock, $0.01 par value, 3,800,000,000 and 3,800,000,000 shares authorized; 368,655,185 and 352,842,025 shares issued and 357,590,493 and 352,842,025 shares outstanding at December 31, 2023 and December 31, 2022, respectively. | | 3,687 | | 3,528 | ||
| Treasury stock at cost, 11,064,692 and 0 shares at December 31, 2023 and December 31, 2022. | | | (56,936) | | | — |
| Additional paid-in capital | | 732,894 | | 650,433 | ||
| Accumulated other comprehensive loss | | (176) | | (176) | ||
| Accumulated deficit | | | (15,196) | | | (108,529) |
| Total shareholders’ equity | | | 664,273 | | | 545,256 |
| Total liabilities and shareholders’ equity | | $7,283,119 | | $6,594,651 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.