Coinbase Global Inc
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income (loss) | $1,287,890 | $(178,566) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 94,523 | 110,157 |
| Stock-based compensation expense | 690,854 | 616,785 |
| Deferred income taxes | 61,075 | (50,217) |
| Non-cash lease expense | 8,571 | 37,271 |
| Gains on crypto assets held for operations, net | (55,484) | — |
| Gains on crypto assets held for investment, net | (210,902) | — |
| Gain on extinguishment of long-term debt, net | — | (99,446) |
| Stock-based compensation expense recognized in relation to restructuring | — | 84,042 |
| Realized loss on crypto futures contract | — | 43,339 |
| Gains on crypto assets held, net (prior to ASU 2023-08) | — | (110,610) |
| Crypto asset impairment expense (prior to ASU 2023-08) | — | 77,151 |
| Crypto assets received as revenue (prior to ASU 2023-08) | — | (299,304) |
| Crypto asset payments for expenses (prior to ASU 2023-08) | — | 185,149 |
| Other operating activities, net | 38,315 | (2,164) |
| Net changes in operating assets and liabilities | (322,616) | 514,550 |
| Net cash provided by operating activities | 1,592,226 | 928,137 |
| Cash flows from investing activities | ||
| Fiat loans originated | (1,270,063) | (348,252) |
| Proceeds from repayment of fiat loans | 1,075,000 | 242,384 |
| Purchase of crypto assets held for investment | (18,486) | — |
| Sale of crypto assets held for investment | 52,586 | — |
| Settlement of crypto futures contract | — | (43,339) |
| Purchase of crypto assets held (prior to ASU 2023-08) | — | (150,827) |
| Sale of crypto assets held (prior to ASU 2023-08) | — | 265,042 |
| Other investing activities, net | (72,006) | (50,125) |
| Net cash used in investing activities | (232,969) | (85,117) |
| Cash flows from financing activities | ||
| Issuance of common stock upon exercise of stock options, net of repurchases | 80,222 | 27,653 |
| Taxes paid related to net share settlement of equity awards | (117,225) | (183,962) |
| Customer custodial cash liabilities | (550,776) | (1,349,666) |
| Issuance of convertible senior notes, net | 1,246,025 | — |
| Purchases of capped calls | (104,110) | — |
| Repurchases of senior and convertible notes | — | (222,664) |
| Fiat received as collateral | 525,699 | 5,324 |
| Fiat received as collateral returned | (410,438) | (4,585) |
| Other financing activities, net | 13,266 | (6,228) |
| Net cash provided by (used in) financing activities | 682,663 | (1,734,128) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents | 2,041,920 | (891,108) |
| Effect of exchange rates on cash, cash equivalents, and restricted cash and cash equivalents | 19,664 | (27,353) |
| 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 | $11,617,013 | $8,511,185 |
| Supplemental disclosure of cash flow information | ||
| Cash paid during the period for interest | $33,424 | $42,913 |
| Cash paid during the period for Income taxes | $113,107 | $19,676 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.