Block, Inc. (XYZ) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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Block, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $281,136,000.00Proceeds from payments and forgiveness of loans → Operating adjustments reconciliation: $3,834,612,000.00Settlements receivable → Operating adjustments reconciliation: $2,406,842,000.00Share-based compensation → Operating adjustments reconciliation: $324,054,000.00Transaction, loan, and consumer receivable losses → Operating adjustments reconciliation: $192,062,000.00Depreciation and amortization → Operating adjustments reconciliation: $92,706,000.00Non-cash lease expense → Operating adjustments reconciliation: $24,005,000.00Loss on revaluation of equity investments → Operating adjustments reconciliation: $2,953,000.00Change in deferred income taxes → Operating adjustments reconciliation: $1,840,000.00Operating adjustments reconciliation → Net cash from operating activities: $403,627,000.00Operating adjustments reconciliation → Purchases and originations of loans: $3,976,298,000.00Operating adjustments reconciliation → Customers payable: $2,191,585,000.00Operating adjustments reconciliation → Amortization of discounts and premiums and other non-cash adjustments: $286,413,000.00Operating adjustments reconciliation → Other assets and liabilities: $15,858,000.00Operating adjustments reconciliation → Bitcoin remeasurement: $5,288,000.00Operating adjustments reconciliation → Settlements payable: $5,000.00Change in customer funds, restricted from use in the Company's operations → financing reconciliation: $383,072,000.00Proceeds from warehouse facilities borrowings → financing reconciliation: $86,725,000.00Net increase in interest-bearing deposits → financing reconciliation: $31,718,000.00Proceeds from the exercise of stock options and purchases under the employee stock purchase plan → financing reconciliation: $1,852,000.00financing reconciliation → Net cash from financing activities: $71,745,000.00financing reconciliation → Repurchases of common stock: $345,576,000.00financing reconciliation → Repayments of warehouse facilities borrowings: $86,046,000.00Proceeds from principal repayments and sales of consumer receivables → investing reconciliation: $7,414,944,000.00Proceeds from maturities of marketable debt securities → investing reconciliation: $332,719,000.00Proceeds from sale of marketable debt securities → investing reconciliation: $41,457,000.00investing reconciliation → Net cash from investing activities: $105,694,000.00investing reconciliation → Payments for originations of consumer receivables: $7,330,546,000.00investing reconciliation → Purchases of marketable debt securities: $278,142,000.00investing reconciliation → Purchases of property and equipment: $56,599,000.00investing reconciliation → Purchases of other investments: $18,139,000.00Exchange-rate effect → Cash sources and uses: $53,371,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $12,018,864,000.00Net cash from operating activities → Cash sources and uses: $684,763,000.00Net cash from financing activities → Cash sources and uses: $71,745,000.00Net cash from investing activities → Cash sources and uses: $105,694,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $12,934,437,000.00Net income (loss): $281,136,000.00Net income (loss)+$281.14 MDepreciation and amortization: $92,706,000.00Depreciation & amortization+$92.71 MShare-based compensation: $324,054,000.00Stock-based compensation+$324.05 MTransaction, loan, and consumer receivable losses: $192,062,000.00Loan & lease loss provision+$192.06 MChange in deferred income taxes: $1,840,000.00Deferred income taxes+$1.84 MSettlements receivable: $2,406,842,000.00Settlements receivable+$2.41 BProceeds from payments and forgiveness of loans: $3,834,612,000.00Proceeds from payments and forgiveness of loans+$3.83 BCustomers payable: -$2,191,585,000.00Customers payable−$2.19 BSettlements payable: -$5,000.00Settlements payable−$5.00 KAmortization of discounts and premiums and other non-cash adjustments: -$286,413,000.00Amortization of discounts and premiums and othernon-cash adjustments−$286.41 MLoss on revaluation of equity investments: $2,953,000.00Equity securities gain & loss+$2.95 MOther assets and liabilities: -$15,858,000.00Other working capital, net−$15.86 MNon-cash lease expense: $24,005,000.00Non-cash lease expense+$24.01 MPurchases and originations of loans: -$3,976,298,000.00Purchases and originations of loans−$3.98 BBitcoin remeasurement: -$5,288,000.00Bitcoin remeasurement−$5.29 MNet cash from operating activities: $684,763,000.00Operating cash+$684.76 MOperating adjustments reconciliation: $6,879,074,000.00Payments of debt issuance costs from issuance of senior notes: $0.00Payments to redeem convertible notes: $0.00Repayments of Paycheck Protection Program Liquidity Facility advances: $0.00Proceeds from warehouse facilities borrowings: $86,725,000.00Long-term credit line borrowings+$86.73 MOther financing activities: $0.00Repayments of warehouse facilities borrowings: -$86,046,000.00Long-term credit line repayments−$86.05 MRepurchases of common stock: -$345,576,000.00Common stock repurchases−$345.58 MProceeds from issuance of senior notes: $0.00Change in customer funds, restricted from use in the Company's operations: $383,072,000.00Change in customer funds, restricted from use in theCompany's operations+$383.07 MProceeds from the exercise of stock options and purchases under the employee stock purchase plan: $1,852,000.00Employee stock plans & options+$1.85 MNet increase in interest-bearing deposits: $31,718,000.00Net increase in interest-bearing deposits+$31.72 MNet cash from financing activities: $71,745,000.00Financing cash+$71.75 Mfinancing reconciliation: $503,367,000.00Purchases of other investments: -$18,139,000.00Other investment purchases−$18.14 MPurchases of property and equipment: -$56,599,000.00PP&E purchases−$56.60 MProceeds from maturities of marketable debt securities: $332,719,000.00AFS securities maturities+$332.72 MPurchases of marketable debt securities: -$278,142,000.00AFS securities purchases−$278.14 MProceeds from sale of marketable debt securities: $41,457,000.00AFS securities sales+$41.46 MProceeds from principal repayments and sales of consumer receivables: $7,414,944,000.00Finance receivable sales+$7.41 BPayments for originations of consumer receivables: -$7,330,546,000.00Finance receivable purchases−$7.33 BNet cash from investing activities: $105,694,000.00Investing cash+$105.69 Minvesting reconciliation: $7,789,120,000.00Cash sources and uses: $12,934,437,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $12,018,864,000.00Beginning cash$12.02 BEnding cash: Cash, cash equivalents, and restricted cash: $12,934,437,000.00Ending cash$12.93 BExchange-rate effect: $53,371,000.00FX effect+$53.37 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$628.16 MOperating cash − cash spent on PP&ECash flow / Net income2.44×Operating cash flow ÷ net incomeNet cash change+$915.57 MEnding cash − beginning cash
Chart details

Block, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
12,018,864,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
684,763,000 US dollars. Net cash provided.
Net income (loss)
281,136,000 US dollars
Depreciation and amortization
92,706,000 US dollars
Share-based compensation
324,054,000 US dollars
Transaction, loan, and consumer receivable losses
192,062,000 US dollars
Change in deferred income taxes
1,840,000 US dollars
Settlements receivable
2,406,842,000 US dollars
Proceeds from payments and forgiveness of loans
3,834,612,000 US dollars
Customers payable
negative 2,191,585,000 US dollars
Settlements payable
negative 5,000 US dollars
Amortization of discounts and premiums and other non-cash adjustments
negative 286,413,000 US dollars
Loss on revaluation of equity investments
2,953,000 US dollars
Other assets and liabilities
negative 15,858,000 US dollars
Non-cash lease expense
24,005,000 US dollars
Purchases and originations of loans
negative 3,976,298,000 US dollars
Bitcoin remeasurement
negative 5,288,000 US dollars
Investing activities
105,694,000 US dollars. Net cash provided.
Purchases of other investments
negative 18,139,000 US dollars
Purchases of property and equipment
negative 56,599,000 US dollars
Proceeds from maturities of marketable debt securities
332,719,000 US dollars
Purchases of marketable debt securities
negative 278,142,000 US dollars
Proceeds from sale of marketable debt securities
41,457,000 US dollars
Proceeds from principal repayments and sales of consumer receivables
7,414,944,000 US dollars
Payments for originations of consumer receivables
negative 7,330,546,000 US dollars
Financing activities
71,745,000 US dollars. Net cash provided.
Payments of debt issuance costs from issuance of senior notes
0 US dollars
Payments to redeem convertible notes
0 US dollars
Repayments of Paycheck Protection Program Liquidity Facility advances
0 US dollars
Proceeds from warehouse facilities borrowings
86,725,000 US dollars
Other financing activities
0 US dollars
Repayments of warehouse facilities borrowings
negative 86,046,000 US dollars
Repurchases of common stock
negative 345,576,000 US dollars
Proceeds from issuance of senior notes
0 US dollars
Change in customer funds, restricted from use in the Company's operations
383,072,000 US dollars
Proceeds from the exercise of stock options and purchases under the employee stock purchase plan
1,852,000 US dollars
Net increase in interest-bearing deposits
31,718,000 US dollars
Operating adjustment reconciliation
6,879,074,000 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
503,367,000 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
7,789,120,000 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
53,371,000 US dollars
Ending cash on Sep 30, 2024
12,934,437,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
12,934,437,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
915,573,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.44×. 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.
Operating cash flow
684,763,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
56,599,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
628,164,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

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 enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $403.63M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced 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.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 684,763,000 US dollars minus 56,599,000 US dollars equals 628,164,000 US dollars.
Block, Inc. (XYZ) FY2024 Q3 Statement of Cash Flows Sankey chart
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