Block Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
XYZ$88.56+3.6%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
(In thousands, except per share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $4,996,465 | $4,544,202 |
| Investments in short-term debt securities | 851,901 | 1,081,851 |
| Settlements receivable | 3,226,294 | 2,416,324 |
| Customer funds | 3,170,430 | 3,180,324 |
| Consumer receivables, net | 2,444,695 | 1,871,160 |
| Loans held for sale | 775,424 | 474,036 |
| Safeguarding asset related to bitcoin held for other parties | 1,038,585 | 428,243 |
| Other current assets | 2,353,488 | 1,627,265 |
| Total current assets | 18,857,282 | 15,623,405 |
| Property and equipment, net | 296,056 | 329,302 |
| Goodwill | 11,919,720 | 11,966,761 |
| Acquired intangible assets, net | 1,761,521 | 2,014,034 |
| Investments in long-term debt securities | 251,127 | 573,429 |
| Operating lease right-of-use assets | 244,701 | 373,172 |
| Other non-current assets | 739,486 | 484,237 |
| Total assets | $34,069,893 | $31,364,340 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Customers payable | $6,795,340 | $5,548,656 |
| Settlements payable | 8,469 | 462,505 |
| Accrued expenses and other current liabilities | 1,326,200 | 1,073,516 |
| Current portion of long-term debt (Note 15) | — | 460,356 |
| Warehouse funding facilities, current | 753,035 | 461,240 |
| Safeguarding obligation liability related to bitcoin held for other parties | 1,038,585 | 428,243 |
| Total current liabilities | 9,921,629 | 8,434,516 |
| Deferred tax liabilities | 35,695 | 132,498 |
| Warehouse funding facilities, non-current | 854,882 | 877,066 |
| Long-term debt (Note 15) | 4,120,091 | 4,109,829 |
| Operating lease liabilities, non-current | 289,788 | 357,419 |
| Other non-current liabilities | 154,972 | 201,657 |
| Total liabilities | 15,377,057 | 14,112,985 |
| Commitments and contingencies (Note 20) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0000001 par value: 100,000 shares authorized at December 31, 2023 and December 31, 2022. None issued and outstanding at December 31, 2023 and December 31, 2022. | — | — |
| Class A common stock, $0.0000001 par value: 1,000,000 shares authorized at December 31, 2023 and December 31, 2022; 555,306 and 539,408 issued and outstanding at December 31, 2023 and December 31, 2022, respectively. | — | — |
| Class B common stock, $0.0000001 par value: 500,000 shares authorized at December 31, 2023 and December 31, 2022; 60,515 and 60,652 issued and outstanding at December 31, 2023 and December 31, 2022, respectively. | — | — |
| Additional paid-in capital | 19,601,992 | 18,314,681 |
| Accumulated other comprehensive loss | (378,307) | (523,090) |
| Accumulated deficit | (528,429) | (568,712) |
| Total stockholders’ equity attributable to common stockholders | 18,695,256 | 17,222,879 |
| Noncontrolling interests | (2,420) | 28,476 |
| Total stockholders’ equity | 18,692,836 | 17,251,355 |
| Total liabilities and stockholders’ equity | $34,069,893 | $31,364,340 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.