Coinbase Global Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
COIN$132.13-2.9%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
Consolidated Balance Sheets
(In thousands, except par value data)
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $5,139,351 | $4,425,021 |
| Restricted cash | 22,992 | 25,873 |
| Customer custodial funds | 4,570,845 | 5,041,119 |
| Safeguarding customer crypto assets | 192,583,060 | 75,413,188 |
| USDC | 576,028 | 861,149 |
| Accounts and loans receivable, net of allowance | 361,715 | 404,376 |
| Income tax receivable | 63,726 | 60,441 |
| Prepaid expenses and other current assets | 148,814 | 217,048 |
| Total current assets | 203,466,531 | 86,448,215 |
| Crypto assets held | 449,925 | 424,393 |
| Deferred tax assets | 1,272,233 | 1,046,791 |
| Lease right-of-use assets | 12,737 | 69,357 |
| Property and equipment, net | 192,550 | 171,853 |
| Goodwill | 1,139,670 | 1,073,906 |
| Intangible assets, net | 86,422 | 135,429 |
| Other non-current assets | 362,885 | 354,929 |
| Total assets | $206,982,953 | $89,724,873 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Customer custodial cash liabilities | $4,570,845 | $4,829,587 |
| Safeguarding customer crypto liabilities | 192,583,060 | 75,413,188 |
| Accounts payable | 39,294 | 56,043 |
| Accrued expenses and other current liabilities | 447,050 | 331,236 |
| Crypto asset borrowings | 62,980 | 151,505 |
| Lease liabilities, current | 10,902 | 33,734 |
| Total current liabilities | 197,714,131 | 80,815,293 |
| Lease liabilities, non-current | 3,821 | 42,044 |
| Long-term debt | 2,979,957 | 3,393,448 |
| Other non-current liabilities | 3,395 | 19,531 |
| Total liabilities | 200,701,304 | 84,270,316 |
| Commitments and contingencies (Note 22) | ||
| Preferred stock, $0.00001 par value; 500,000 shares authorized and zero shares issued and outstanding at December 31, 2023 and 2022, respectively | — | — |
| Stockholders’ equity: | ||
| Class A common stock, $0.00001 par value; 10,000,000 shares authorized at December 31, 2023 and 2022; 195,192 and 182,796 shares issued and outstanding at December 31, 2023 and 2022, respectively | 2 | 2 |
| Class B common stock, $0.00001 par value; 500,000 shares authorized at December 31, 2023 and 2022; 46,856 and 48,070 shares issued and outstanding at December 31, 2023 and 2022, respectively | — | — |
| Additional paid-in capital | 4,491,571 | 3,767,686 |
| Accumulated other comprehensive loss | (30,270) | (38,606) |
| Retained earnings | 1,820,346 | 1,725,475 |
| Total stockholders’ equity | 6,281,649 | 5,454,557 |
| Total liabilities and stockholders’ equity | $206,982,953 | $89,724,873 |
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