Block Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
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 7, 2024
XYZ$85.58-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets · (Unaudited) | ||
| Current assets: | ||
| Cash and cash equivalents | $8,299,804 | $4,996,465 |
| Investments in short-term debt securities | 504,986 | 851,901 |
| Settlements receivable | 1,508,491 | 3,226,294 |
| Customer funds | 3,933,785 | 3,170,430 |
| Consumer receivables, net | 2,090,884 | 2,444,695 |
| Loans held for sale | 1,008,312 | 775,424 |
| Safeguarding asset related to bitcoin held for other parties | 1,412,948 | 1,038,585 |
| Other current assets | 2,015,702 | 2,353,488 |
| Total current assets | 20,774,912 | 18,857,282 |
| Goodwill | 12,048,108 | 11,919,720 |
| Acquired intangible assets, net | 1,607,936 | 1,761,521 |
| Other non-current assets | 1,924,479 | 1,531,370 |
| Total assets | $36,355,435 | $34,069,893 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Customers payable | $6,156,306 | $6,795,340 |
| Accrued expenses and other current liabilities | 1,333,845 | 1,334,669 |
| Current portion of long-term debt (Note 12) | 998,727 | — |
| Warehouse funding facilities, current | 138,136 | 753,035 |
| Safeguarding obligation liability related to bitcoin held for other parties | 1,412,948 | 1,038,585 |
| Total current liabilities | 10,039,962 | 9,921,629 |
| Warehouse funding facilities, non-current | 827,629 | 854,882 |
| Long-term debt (Note 12) | 5,103,462 | 4,120,091 |
| Other non-current liabilities | 475,087 | 480,455 |
| Total liabilities | 16,446,140 | 15,377,057 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0000001 par value: 100,000 shares authorized at September 30, 2024 and December 31, 2023. None issued and outstanding at September 30, 2024 and December 31, 2023. | — | — |
| Class A common stock, $0.0000001 par value: 1,000,000 shares authorized at September 30, 2024 and December 31, 2023; 556,317 and 555,306 issued and outstanding at September 30, 2024 and December 31, 2023, respectively. | — | — |
| Class B common stock, $0.0000001 par value: 500,000 shares authorized at September 30, 2024 and December 31, 2023; 60,072 and 60,515 issued and outstanding at September 30, 2024 and December 31, 2023, respectively. | — | — |
| Additional paid-in capital | 19,688,228 | 19,601,992 |
| Accumulated other comprehensive loss | (189,912) | (378,307) |
| Retained earnings (accumulated deficit) | 422,598 | (528,429) |
| Total stockholders’ equity attributable to common stockholders | 19,920,914 | 18,695,256 |
| Noncontrolling interests | (11,619) | (2,420) |
| Total stockholders’ equity | 19,909,295 | 18,692,836 |
| Total liabilities and stockholders’ equity | $36,355,435 | $34,069,893 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.