Coinbase Global Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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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.
FY2024 · Filed Feb 13, 2025
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income (loss) | $2,579,066 | $94,871 | $(2,624,949) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 127,518 | 139,642 | 154,069 |
| Investment impairment expense | 18,717 | 29,375 | 101,445 |
| Stock-based compensation expense | 912,838 | 780,668 | 1,565,823 |
| Deferred income taxes | 151,315 | (216,334) | (468,035) |
| Gains on crypto assets held for operations, net | (71,725) | — | — |
| Gains on crypto assets held for investment, net | (687,055) | — | — |
| Gain on extinguishment of long-term debt, net | — | (117,383) | — |
| Gains on crypto assets held, net (prior to ASU 2023-08) | — | (145,594) | (36,666) |
| Crypto asset impairment expense (prior to ASU 2023-08) | — | 96,783 | 757,257 |
| Crypto assets received as revenue (prior to ASU 2023-08) | — | (460,878) | (470,591) |
| Crypto asset payments for expenses (prior to ASU 2023-08) | — | 298,255 | 383,221 |
| Other operating activities, net | 4,172 | 97,340 | 84,455 |
| Net changes in operating assets and liabilities | (478,002) | 326,206 | (1,031,448) |
| Net cash provided by (used in) operating activities | 2,556,844 | 922,951 | (1,585,419) |
| Cash flows from investing activities | |||
| Business combinations, net of cash acquired | — | (30,730) | (186,150) |
| Fiat loans originated | (1,700,055) | (586,691) | (207,349) |
| Proceeds from repayment of fiat loans | 1,488,500 | 513,698 | 327,539 |
| Purchase of crypto assets held (prior to ASU 2023-08) | — | (277,367) | (1,400,032) |
| Sale of crypto assets held (prior to ASU 2023-08) | — | 461,325 | 969,185 |
| Other investing activities, net | (70,830) | (74,843) | (167,015) |
| Net cash (used in) provided by investing activities | (282,385) | 5,392 | (663,822) |
| Cash flows from financing activities | |||
| Issuance of common stock upon exercise of stock options, net of repurchases | 126,140 | 47,944 | 51,497 |
| Taxes paid related to net share settlement of equity awards | (117,225) | (277,798) | (351,867) |
| Customer custodial fund liabilities | 1,638,087 | (274,822) | (5,562,558) |
| Issuance of convertible senior notes, net | 1,246,025 | — | — |
| Purchases of capped calls | (104,110) | — | — |
| Repayment of long-term debt | — | (303,533) | — |
| Fiat received as collateral | 567,806 | 66,014 | — |
| Fiat received as collateral returned | (544,228) | (64,952) | — |
| Proceeds from short-term borrowings | — | 31,640 | 190,956 |
| Repayments of short-term borrowings | — | (52,122) | (191,073) |
| Other financing activities, net | 16,426 | 16,297 | 24,527 |
| Net cash provided by (used in) financing activities | 2,828,921 | (811,332) | (5,838,518) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents | 5,103,380 | 117,011 | (8,087,759) |
| Effect of exchange rates on cash, cash equivalents, and restricted cash and cash equivalents | (48,367) | 8,772 | (163,257) |
| Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period | 9,555,429 | 9,429,646 | 17,680,662 |
| Cash, cash equivalents, and restricted cash and cash equivalents, end of period | $14,610,442 | $9,555,429 | $9,429,646 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.