Robinhood Markets Inc
For the period ended Sep 30, 2024. Filed Oct 31, 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 31, 2024
HOOD$81.33-2.4%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, | ||
|---|---|---|
| (in millions) | 2023 | 2024 |
| Operating activities: | ||
| Net income (loss) | $(571) | $495 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 54 | 55 |
| Provision for credit losses | 29 | 57 |
| Share-based compensation | 790 | 227 |
| Other | (27) | — |
| Changes in operating assets and liabilities: | ||
| Receivables from brokers, dealers, and clearing organizations | 13 | (50) |
| Receivables from users, net | (502) | (1,971) |
| Securities borrowed | (687) | (2,102) |
| Deposits with clearing organizations | (89) | (126) |
| Current and non-current prepaid expenses | 26 | (41) |
| Current and non-current deferred customer match incentives | (10) | (202) |
| Other current and non-current assets | 10 | (11) |
| Accounts payable and accrued expenses | 145 | 28 |
| Payables to users | (376) | 1,167 |
| Securities loaned | 1,411 | 3,759 |
| Other current and non-current liabilities | 5 | (42) |
| Net cash provided by operating activities | 221 | 1,243 |
| Investing activities: | ||
| Purchases of property, software, and equipment | (1) | (9) |
| Capitalization of internally developed software | (14) | (26) |
| Purchases of held-to-maturity investments | (651) | (469) |
| Proceeds from maturities of held-to-maturity investments | 167 | 439 |
| Purchases of credit card receivables by Credit Card Funding Trust | — | (239) |
| Collections of purchased credit card receivables | — | 130 |
| Business acquisition, net of cash and cash equivalents acquired | (90) | (6) |
| Asset acquisition, net of cash acquired | — | (3) |
| Other | 10 | 1 |
| Net cash used in investing activities | (579) | (182) |
| Financing activities: | ||
| Proceeds from issuance of common stock under the Employee Stock Purchase Plan | 9 | 10 |
| Taxes paid related to net share settlement of equity awards | (9) | (155) |
| Payments of debt issuance costs | (10) | (14) |
| Draws on credit facilities | 20 | 12 |
| Repayments on credit facilities | (20) | (12) |
| Borrowings on Credit Card Funding Trust | — | 95 |
| Repayments on Credit Card Funding Trust | — | (1) |
| Change in principal collected from customers due to Coastal Bank | (3) | (15) |
| Repurchase of Class A common stock | (608) | (97) |
| Proceeds from exercise of stock options, net of repurchases | 2 | 10 |
| Net cash used in financing activities | (619) | (167) |
| Effect of foreign exchange rate changes on cash and cash equivalents | — | 1 |
| Net increase (decrease) in cash, cash equivalents, segregated cash, and restricted cash | (977) | 895 |
| Cash, cash equivalents, segregated cash, and restricted cash, beginning of the period | 9,357 | 9,346 |
| Cash, cash equivalents, segregated cash, and restricted cash, end of the period | $8,380 | $10,241 |
| Reconciliation of cash, cash equivalents, segregated cash and restricted cash, end of the period: | ||
| Cash and cash equivalents, end of the period | $4,889 | $4,611 |
| Segregated cash and cash equivalents, end of the period | 3,448 | 5,547 |
| Restricted cash in other current assets, end of the period | 26 | 67 |
| Restricted cash in other non-current assets, end of the period | 17 | 16 |
| Cash, cash equivalents, segregated cash and restricted cash, end of the period | $8,380 | $10,241 |
| Supplemental disclosures: | ||
| Cash paid for interest | $8 | $12 |
| Cash paid for income taxes, net of refund received | $9 | $14 |
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