Marqeta Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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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 28, 2024
MQ$18.34-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net loss | $(222,962) | $(184,780) | $(163,929) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 10,741 | 3,853 | 3,534 |
| Share-based compensation expense | 180,739 | 160,743 | 142,660 |
| Non-cash operating leases expense | 2,527 | 2,281 | 2,115 |
| Non-cash postcombination compensation expense | 32,430 | — | — |
| Amortization of premium on short-term investments | (4,495) | 277 | 1,162 |
| Gain on sale of equity method investment | — | (17,889) | — |
| Impairment of other financial instruments | — | 11,616 | — |
| Other | 736 | 649 | 3,110 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (4,556) | (2,577) | (4,940) |
| Settlements receivable | (11,894) | (6,762) | 1,601 |
| Network incentives receivable | (11,146) | (12,262) | (10,377) |
| Prepaid expenses and other assets | 7,900 | (8,621) | (7,742) |
| Accounts payable | (1,956) | 254 | 190 |
| Revenue share payable | 31,451 | 21,015 | 42,988 |
| Accrued expenses and other liabilities | 14,983 | 22,257 | 49,372 |
| Operating lease liabilities | (3,394) | (3,020) | (2,772) |
| Net cash provided by (used in) operating activities | 21,104 | (12,966) | 56,972 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (762) | (2,319) | (2,743) |
| Capitalization of internal-use software | (11,889) | — | — |
| Business combination, net of cash acquired | (135,777) | — | — |
| Purchase of patents | — | (1,600) | — |
| Purchases of short-term investments | (892,430) | (70,495) | (455,266) |
| Sales of short-term investments | 577,934 | — | — |
| Maturities of short-term investments | 501,534 | 77,400 | 148,888 |
| Realized gain/loss on investments | (94) | — | — |
| Purchase of equity method investment and purchase option | — | — | (20,000) |
| Sale of equity method investment | — | 25,732 | — |
| Net cash provided by (used in) investing activities | 38,516 | 28,718 | (329,121) |
| Cash flows from financing activities: | |||
| Proceeds from initial public offering, net of underwriters’ discounts and commissions | — | — | 1,319,809 |
| Proceeds from exercise of stock options, including early exercised stock options, net of repurchase of early exercised unvested options | 5,289 | 9,249 | 4,539 |
| Payment of contingent consideration | (53,067) | — | |
| Proceeds from exercise of warrants | — | — | 60 |
| Proceeds from shares issued in connection with employee stock purchase plan | 3,066 | 4,762 | 3,201 |
| Taxes paid related to net share settlement of restricted stock units | (26,662) | (15,362) | (23,552) |
| Repurchase of common stock | (190,420) | (78,136) | — |
| Payment of deferred offering costs | — | — | (4,760) |
| Net cash (used in) provided by financing activities | (261,794) | (79,487) | 1,299,297 |
| (Decrease) Increase in cash, cash equivalents, and restricted cash | (202,174) | (63,735) | 1,027,148 |
| Cash, cash equivalents, and restricted cash - Beginning of period | 1,191,646 | 1,255,381 | 228,233 |
| Cash, cash equivalents, and restricted cash - End of period | $989,472 | $1,191,646 | $1,255,381 |
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Reconciliation of cash, cash equivalents, and restricted cash | |||
| Cash and cash equivalents | $980,972 | $1,183,846 | $1,247,581 |
| Restricted cash | 8,500 | 7,800 | 7,800 |
| Total cash, cash equivalents, and restricted cash | $989,472 | $1,191,646 | $1,255,381 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for operating lease liabilities | $4,239 | $4,112 | $4,081 |
| Cash paid for interest | $— | $— | $— |
| Cash paid for income taxes | $430 | $84 | $201 |
| Supplemental disclosures of non-cash investing and financing activities: | |||
| Purchase of property and equipment accrued and not yet paid | $113 | $563 | $1,190 |
| Share-based compensation capitalized to internal-use software | $4,492 | $— | $— |
| Repurchase of common stock accrued and not yet paid | $991 | $1,065 | $— |
| Vesting of early exercised stock options | $— | $298 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.