XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3Close
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,100,799 $ 4,425,021
Restricted cash 26,319 25,873
Customer custodial funds 3,474,489 5,041,119
Safeguarding customer crypto assets 114,291,909 75,413,188
USDC 400,799 861,149
Accounts and loans receivable, net of allowance 397,466 404,376
Income tax receivable 69,727 60,441
Prepaid expenses and other current assets 157,714 217,048
Total current assets 123,919,222 86,448,215
Crypto assets held 455,986 424,393
Lease right-of-use assets 15,412 69,357
Property and equipment, net 202,274 171,853
Goodwill 1,139,670 1,073,906
Intangible assets, net 94,935 135,429
Other non-current assets 1,478,096 1,401,720
Total assets 127,305,595 89,724,873 Close
Current liabilities:    
Customer custodial cash liabilities 3,474,489 4,829,587
Safeguarding customer crypto liabilities 114,291,909 75,413,188
Accounts payable 36,744 56,043
Accrued expenses and other current liabilities 374,374 331,236
Crypto asset borrowings 109,255 151,505
Lease liabilities, current 12,015 33,734
Total current liabilities 118,298,786 80,815,293
Lease liabilities, non-current 5,690 42,044
Long-term debt 3,076,599 3,393,448
Other non-current liabilities 3,395 19,531
Total liabilities 121,384,470 84,270,316 Close
Commitments and contingencies (Note 20)
Stockholders’ equity:    
Additional paid-in capital 4,418,327 3,767,686
Accumulated other comprehensive loss (44,113) (38,606)
Retained earnings 1,546,909 1,725,475
Total stockholders’ equity 5,921,125 5,454,557 Close
Total liabilities and stockholders’ equity 127,305,595 89,724,873
Class A common stock    
Stockholders’ equity:    
Common stock 2 2
Class B common stock    
Stockholders’ equity:    
Common stock $ 0 $ 0