Coinbase Global, Inc. (COIN) FY2024 Annual Statement of Cash Flows
2024-01-01 to 2024-12-31
Statement of Cash Flows
2024-01-01 to 2024-12-31
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Chart details
Coinbase Global, Inc. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024
Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2023
- 9,555,429,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 2,556,844,000 US dollars. Net cash provided.
- Net income (loss)
- 2,579,066,000 US dollars
- Other operating activities, net
- 4,172,000 US dollars
- Stock-based compensation expense
- 912,838,000 US dollars
- Gain on extinguishment of long-term debt, net
- 0 US dollars
- Gains on crypto assets held for operations, net
- negative 71,725,000 US dollars
- Deferred income taxes
- 151,315,000 US dollars
- Depreciation and amortization
- 127,518,000 US dollars
- Net changes in operating assets and liabilities
- negative 478,002,000 US dollars
- Investment impairment expense
- 18,717,000 US dollars
- Gains on crypto assets held for investment, net
- negative 687,055,000 US dollars
- Investing activities
- negative 282,385,000 US dollars. Net cash used.
- Fiat loans originated
- negative 1,700,055,000 US dollars
- Proceeds from repayment of fiat loans
- 1,488,500,000 US dollars
- Business combinations, net of cash acquired
- 0 US dollars
- Other investing activities, net
- negative 70,830,000 US dollars
- Financing activities
- 2,828,921,000 US dollars. Net cash provided.
- Fiat received as collateral
- 567,806,000 US dollars
- Repayment of long-term debt
- 0 US dollars
- Fiat received as collateral returned
- negative 544,228,000 US dollars
- Other financing activities, net
- 16,426,000 US dollars
- Taxes paid related to net share settlement of equity awards
- negative 117,225,000 US dollars
- Repayments of short-term borrowings
- 0 US dollars
- Proceeds from short-term borrowings
- 0 US dollars
- Customer custodial fund liabilities
- 1,638,087,000 US dollars
- Purchases of capped calls
- negative 104,110,000 US dollars
- Issuance of common stock upon exercise of stock options, net of repurchases
- 126,140,000 US dollars
- Issuance of convertible senior notes, net
- 1,246,025,000 US dollars
- Operating adjustment reconciliation
- 1,236,782,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 3,594,484,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 1,770,885,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- negative 48,367,000 US dollars
- Ending cash on Dec 31, 2024
- 14,610,442,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 14,941,194,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 5,055,013,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 0.99×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income exceeds operating cash. The diagram allocates $2.56B of net income directly to operating cash and $22.22M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
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