Payoneer Global Inc
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 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
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, · December 31, | ||||||
| · · 2024 · · 2023 | ||||||
| Assets: · · | ||||||
| Current assets: · · | ||||||
| Cash and cash equivalents | | $534,170 | | $617,022 | ||
| Restricted cash | | 4,994 | | 7,030 | ||
| Customer funds | | 5,560,767 | | 6,390,526 | ||
| Accounts receivable (net of allowance of $407 at September 30, 2024 and $385 at December 31, 2023) | | 13,529 | | 7,980 | ||
| Capital advance receivables (net of allowance of $6,094 at September 30, 2024 and $5,059 at December 31, 2023) | | 56,948 | | 45,493 | ||
| Other current assets | | 78,880 | | 40,672 | ||
| Total current assets | | 6,249,288 | | 7,108,723 | ||
| Non-current assets: | | | | |||
| Property, equipment and software, net | | 14,469 | | 15,499 | ||
| Goodwill | | 76,094 | | 19,889 | ||
| Intangible assets, net | | 99,915 | | 76,266 | ||
| Customer funds | | | 525,000 | | | — |
| Restricted cash | | 16,848 | | 5,780 | ||
| Deferred taxes | | 29,556 | | 15,291 | ||
| Severance pay fund | | 828 | | 840 | ||
| Operating lease right-of-use assets | | 21,585 | | 24,854 | ||
| Other assets | | 17,591 | | 15,977 | ||
| Total assets | | $7,051,174 | | $7,283,119 | ||
| Liabilities and shareholders’ equity: | | | | |||
| Current liabilities: | | | | |||
| Trade payables | | $45,118 | | $33,941 | ||
| Outstanding operating balances | | 6,085,767 | | 6,390,526 | ||
| Short-term debt from related party (refer to Notes 12 and 21 for further information) | | | 13,219 | | | — |
| Other payables | | 118,482 | | 117,508 | ||
| Total current liabilities | | 6,262,586 | | 6,541,975 | ||
| Non-current liabilities: | | | | |||
| Long-term debt from related party (refer to Notes 12 and 21 for further information) | | — | | 18,411 | ||
| Warrant liability | | | — | | | 8,555 |
| Deferred taxes | | | 1,471 | | | — |
| Other long-term liabilities | | 59,243 | | 49,905 | ||
| Total liabilities | | 6,323,300 | | 6,618,846 | ||
| Commitments and contingencies (Note 15) | | | | |||
| | | | | | | |
| Shareholders’ equity: | | | | |||
| Preferred stock, $0.01 par value, 380,000,000 shares authorized; no shares were issued and outstanding at September 30, 2024 and December 31, 2023. | | — | | — | ||
| Common stock, $0.01 par value, 3,800,000,000 and 3,800,000,000 shares authorized; 390,633,432 and 368,655,185 shares issued and 356,575,542 and 357,590,493 shares outstanding at September 30, 2024 and December 31, 2023, respectively. | | | 3,906 | | | 3,687 |
| Treasury stock at cost, 34,057,890 and 11,064,692 shares as of September 30, 2024 and December 31, 2023, respectively. | | | (176,043) | | | (56,936) |
| Additional paid-in capital | | 801,687 | | 732,894 | ||
| Accumulated other comprehensive income (loss) | | 10,547 | | (176) | ||
| Retained earnings (accumulated deficit) | | 87,777 | | (15,196) | ||
| Total shareholders’ equity | | 727,874 | | 664,273 | ||
| Total liabilities and shareholders’ equity | | $7,051,174 | | $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.