Robinhood Markets Inc
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
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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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions) | 2022 | 2023 | 2024 |
| Operating activities: | |||
| Net income (loss) | $(1,028) | $(541) | $1,411 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 61 | 71 | 77 |
| Impairment of long-lived assets | 45 | 5 | 2 |
| Provision for credit losses | 36 | 43 | 76 |
| Deferred income taxes | — | — | (369) |
| Share-based compensation | 654 | 871 | 304 |
| Other | 35 | 3 | (2) |
| Changes in operating assets and liabilities: | |||
| Securities segregated under federal and other regulations | — | — | (397) |
| Receivables from brokers, dealers, and clearing organizations | 12 | (13) | (382) |
| Receivables from users, net | 3,386 | (298) | (4,592) |
| Securities borrowed | (517) | (1,085) | (1,634) |
| Deposits with clearing organizations | 142 | (152) | (151) |
| Current and non-current prepaid expenses | 33 | 37 | (25) |
| Current and non-current deferred customer match incentives | — | (30) | (265) |
| Other current and non-current assets | (26) | (18) | (415) |
| Accounts payable and accrued expenses | (62) | 134 | (35) |
| Payables to users | (1,775) | 396 | 2,351 |
| Securities loaned | (1,817) | 1,713 | 3,916 |
| Other current and non-current liabilities | (31) | 45 | (27) |
| Net cash provided by (used in) operating activities | (852) | 1,181 | (157) |
| Investing activities: | |||
| Purchases of property, software, and equipment | (28) | (2) | (13) |
| Capitalization of internally developed software | (29) | (19) | (37) |
| Business acquisition, net of cash and cash equivalents acquired | — | (93) | (6) |
| Asset acquisition, net of cash acquired | — | — | (3) |
| Purchases of held-to-maturity investments | — | (759) | (556) |
| Proceeds from maturities of held-to-maturity investments | — | 282 | 658 |
| Purchases of credit card receivables by Credit Card Funding Trust | — | — | (748) |
| Collections of purchased credit card receivables | — | — | 556 |
| Purchases of available-for-sale investments | (25) | — | — |
| Proceeds from sales and maturities of available-for-sale investments | 42 | 10 | — |
| Other | (20) | (1) | 1 |
| Net cash used in investing activities | (60) | (582) | (148) |
| Financing activities: | |||
| Proceeds from exercise of stock options, net of repurchases | 6 | 5 | 18 |
| Proceeds from issuance of common stock under the Employee Share Purchase Plan | 16 | 14 | 16 |
| Taxes paid related to net share settlement of equity awards | (12) | (12) | (244) |
| Repurchase of Class A common stock | — | (608) | (257) |
| Draws on credit facilities | 21 | 20 | 22 |
| Repayments on credit facilities | (21) | (20) | (22) |
| Borrowings by the Credit Card Funding Trust | — | — | 132 |
| Repayments on borrowings by the Credit Card Funding Trust | — | — | (1) |
| Change in principal collected from customers due to Coastal Bank | — | 1 | 6 |
| Payments of debt issuance costs | (10) | (10) | (15) |
| Net cash used in financing activities | — | (610) | (345) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (1) | — | (1) |
| Net decrease in cash, cash equivalents, segregated cash, and restricted cash | (913) | (11) | (651) |
| Cash, cash equivalents, segregated cash, and restricted cash, beginning of the period | 10,270 | 9,357 | 9,346 |
| Cash, cash equivalents, segregated cash, and restricted cash, end of the period | $9,357 | $9,346 | $8,695 |
| Reconciliation of cash, cash equivalents, segregated cash, and restricted cash, end of the period: | |||
|---|---|---|---|
| Cash and cash equivalents, end of the period | $6,339 | $4,835 | $4,332 |
| Segregated cash and cash equivalents, end of the period | 2,995 | 4,448 | 4,327 |
| Restricted cash in other current assets, end of the period | 1 | 46 | 18 |
| Restricted cash in other non-current assets, end of the period | 22 | 17 | 18 |
| Cash, cash equivalents, segregated cash and restricted cash, end of the period | $9,357 | $9,346 | $8,695 |
| Supplemental disclosures: | |||
| Cash paid for interest | $12 | $12 | $16 |
| Cash paid for income taxes, net of refund received | $4 | $9 | $18 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.