Coinbase Global Inc
For the period ended Jun 30, 2024. Filed Aug 1, 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.
Jun 30, 2024 · Filed Aug 1, 2024
COIN$132.13-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) | $1,212,395 | $(176,301) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 63,828 | 78,190 |
| Stock-based compensation expense | 442,438 | 398,632 |
| Deferred income taxes | 83,961 | (71,435) |
| Non-cash lease expense | 5,575 | 34,173 |
| Gains on crypto assets held for investment and operations, net | (386,751) | (95,390) |
| Gains on crypto assets borrowed and borrowings, net | (1,173) | (13,930) |
| Restructuring stock-based compensation expense | — | 84,042 |
| Crypto asset impairment expense (prior to ASU 2023-08) | — | 54,333 |
| Realized loss on crypto futures contract | — | 43,339 |
| Crypto assets received as revenue (prior to ASU 2023-08) | — | (211,923) |
| Crypto asset payments for expenses (prior to ASU 2023-08) | — | 135,002 |
| Other operating activities, net | 43,043 | 28,626 |
| Net changes in operating assets and liabilities | (567,634) | 326,844 |
| Net cash provided by operating activities | 895,682 | 614,202 |
| Cash flows from investing activities | ||
| Fiat loans originated | (808,334) | (144,283) |
| Proceeds from repayment of fiat loans | 646,700 | 109,630 |
| Purchase of crypto assets held for investment | — | (99,064) |
| Sale of crypto assets held for investment | 52,425 | 188,026 |
| Settlement of crypto futures contract | — | (43,339) |
| Other investing activities, net | (35,083) | (23,724) |
| Net cash used in investing activities | (144,292) | (12,754) |
| Cash flows from financing activities | ||
| Issuance of common stock upon exercise of stock options, net of repurchases | 69,521 | 16,649 |
| Taxes paid related to net share settlement of equity awards | (117,225) | (115,392) |
| Customer custodial cash liabilities | (357,657) | (987,957) |
| Issuance of convertible senior notes, net | 1,246,025 | — |
| Repurchases of senior and convertible notes | — | (45,469) |
| Purchase of capped calls | (104,110) | — |
| Fiat received as collateral | 493,499 | 5,169 |
| Fiat received as collateral returned | (243,510) | (3,766) |
| Other financing activities | 7,445 | (11,497) |
| Net cash provided by (used in) financing activities | 993,988 | (1,142,263) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents | 1,745,378 | (540,815) |
| Effect of exchange rates on cash, cash equivalents, and restricted cash and cash equivalents | (25,923) | (4,370) |
| Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period | 9,555,429 | 9,429,646 |
| Cash, cash equivalents, and restricted cash and cash equivalents, end of period | $11,274,884 | $8,884,461 |
| Supplemental disclosure of cash flow information | ||
| Cash paid during the period for interest | $33,424 | $38,684 |
| Cash paid during the period for income taxes | $81,552 | $10,669 |
| Operating cash outflows for amounts included in the measurement of operating lease liabilities | $6,291 | $7,559 |
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