Payoneer Global Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
PAYO$7.16+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed consolidated balance sheets (Unaudited)
U.S. DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA
| | | | | | | |
|---|---|---|---|---|---|---|
| · March 31, · December 31, | ||||||
| · · 2024 · · 2023 | ||||||
| Assets: · · | ||||||
| Current assets: · · | ||||||
| Cash and cash equivalents | | $587,180 | | $617,022 | ||
| Restricted cash | | 7,907 | | 7,030 | ||
| Customer funds | | 5,920,924 | | 6,390,526 | ||
| Accounts receivable (net of allowance of $360 at March 31, 2024 and $385 at December 31, 2023) | | 7,224 | | 7,980 | ||
| Capital advance receivables (net of allowance of $5,357 at March 31, 2024 and $5,059 at December 31, 2023) | | 52,133 | | 45,493 | ||
| Other current assets | | 40,780 | | 40,672 | ||
| Total current assets | | 6,616,148 | | 7,108,723 | ||
| Non-current assets: | | | | |||
| Property, equipment and software, net | | 14,896 | | 15,499 | ||
| Goodwill | | 19,889 | | 19,889 | ||
| Intangible assets, net | | 82,647 | | 76,266 | ||
| Restricted cash | | 6,025 | | 5,780 | ||
| Deferred taxes | | 16,688 | | 15,291 | ||
| Severance pay fund | | 821 | | 840 | ||
| Operating lease right-of-use assets | | 22,567 | | 24,854 | ||
| Other assets | | 15,804 | | 15,977 | ||
| Total assets | | $6,795,485 | | $7,283,119 | ||
| Liabilities and shareholders’ equity: | | | | |||
| Current liabilities: | | | | |||
| Trade payables | | $35,295 | | $33,941 | ||
| Outstanding operating balances | | 5,920,924 | | 6,390,526 | ||
| Other payables | | 103,927 | | 117,508 | ||
| Total current liabilities | | 6,060,146 | | 6,541,975 | ||
| Non-current liabilities: | | | | |||
| Long-term debt from related party (refer to Notes 11 and 20 for further information) | | 14,429 | | 18,411 | ||
| Warrant liability | | | 6,794 | | | 8,555 |
| Other long-term liabilities | | 52,574 | | 49,905 | ||
| Total liabilities | | 6,133,943 | | 6,618,846 | ||
| Commitments and contingencies (Note 14) | | | | |||
| | | | | | | |
| Shareholders’ equity: | | | | |||
| Preferred stock, $0.01 par value, 380,000,000 shares authorized; no shares were issued and outstanding at March 31, 2024 and December 31, 2023. | | — | | — | ||
| Common stock, $0.01 par value, 3,800,000,000 and 3,800,000,000 shares authorized; 377,294,480 and 368,655,185 shares issued and 355,695,854 and 357,590,493 shares outstanding at March 31, 2024 and December 31, 2023, respectively. | | | 3,773 | | | 3,687 |
| Treasury stock at cost, 21,598,626 and 11,064,692 shares as of March 31, 2024 and December 31, 2023, respectively. | | | (108,096) | | | (56,936) |
| Additional paid-in capital | | 752,236 | | 732,894 | ||
| Accumulated other comprehensive loss | | (149) | | (176) | ||
| Retained earnings (accumulated deficit) | | 13,778 | | (15,196) | ||
| Total shareholders’ equity | | 661,542 | | 664,273 | ||
| Total liabilities and shareholders’ equity | | $6,795,485 | | $7,283,119 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.