For the year ending 2025-12-31, XYZ had -$749,236K decrease in cash & cash equivalents over the period. $2,424,676K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 1,304,210 | 2,866,497 | -21,124 | -553,005 |
| Depreciation and amortization | 369,529 | 376,127 | 408,560 | 340,523 |
| Amortization of discounts and premiums and other non-cash adjustments | - | 1,099,024 | 984,442 | 592,489 |
| Loss on extinguishment of long-term debt | - | - | - | 0 |
| Amortization of discounts and premiums and other non-cash adjustments | 1,137,906 | - | - | - |
| Non-cash lease expense | 56,687 | 72,055 | 144,198 | 129,811 |
| Share-based compensation | 1,215,480 | 1,272,779 | 1,276,097 | 1,071,278 |
| Loss (gain) on revaluation of equity investments | 172,256 | 32,245 | -16,523 | 73,457 |
| Bitcoin remeasurement | - | - | 207,084 | - |
| Remeasurement loss (gain) on bitcoin investment | -55,900 | 420,918 | - | - |
| Transaction, loan, and consumer receivable losses | 1,337,246 | 794,221 | 660,663 | 550,683 |
| Bitcoin impairment losses | - | 0 | 0 | 46,571 |
| Change in deferred income taxes | 335,038 | -1,665,812 | -85,879 | -69,593 |
| Goodwill impairment | - | - | 132,313 | - |
| Goodwill and intangible asset impairment | 0 | 133,853 | - | - |
| Settlements receivable | - | -1,947,849 | 1,108,529 | 1,499,057 |
| Purchases and originations of loans originally classified as held for sale | 14,191,399 | - | - | - |
| Purchases and originations of loans | - | 15,210,746 | 8,586,293 | 6,114,847 |
| Proceeds from repayments of loans originally classified as held for sale | 14,248,689 | - | - | - |
| Proceeds from payments and forgiveness of loans | - | 14,413,277 | 8,032,687 | 6,040,369 |
| Settlements receivable | 487,316 | - | - | - |
| Customers payable | 373,925 | -1,853,872 | 1,256,578 | 1,060,861 |
| Settlements payable | -330 | -8,139 | -454,036 | 207,894 |
| Prepaid expenses | 159,364 | - | - | - |
| Other assets and liabilities | 568,419 | -121,448 | 379,271 | 369,639 |
| Net cash provided by operating activities | 2,579,714 | 1,707,350 | 100,961 | 175,903 |
| Purchases of marketable debt securities | 700,777 | 1,197,804 | 1,126,615 | 755,697 |
| Proceeds from maturities of marketable debt securities | 468,980 | 1,005,580 | 1,387,830 | 999,569 |
| Proceeds from sale of marketable debt securities | 409,387 | 446,076 | 339,095 | 449,723 |
| Purchases of marketable debt securities from customer funds | - | - | 0 | 0 |
| Proceeds from maturities of marketable debt securities from customer funds | - | 0 | 0 | 73,000 |
| Proceeds from sale of marketable debt securities from customer funds | - | 0 | 0 | 316,576 |
| Payments for originations of consumer receivables | 32,145,232 | 29,318,390 | 23,968,787 | 18,361,871 |
| Proceeds from principal repayments and sales of consumer receivables | 32,934,204 | 29,922,371 | 24,241,651 | - |
| Purchases and originations of loans originally classified as held for investment | 17,629,689 | - | - | - |
| Proceeds from principal repayments and sales of consumer receivables | - | - | - | 18,192,470 |
| Proceeds from repayments of loans originally classified as held for investment | 14,080,787 | - | - | - |
| Purchases of property and equipment | 155,038 | 153,947 | 151,151 | 170,815 |
| Purchases of bitcoin investments | - | - | 0 | 0 |
| Purchases of other investments | 64,554 | 53,934 | 33,853 | 56,712 |
| Proceeds from sale of equity investments | - | - | 0 | 0 |
| Business combinations, net of cash acquired | - | 0 | 4,969 | 539,453 |
| Net cash provided by (used in) investing activities | -2,801,932 | 649,952 | 683,201 | 1,225,696 |
| Proceeds from issuance of convertible notes, net | - | - | - | 0 |
| Purchases of senior note hedges | - | - | - | 0 |
| Proceeds from issuance of warrants | - | - | - | 0 |
| Proceeds from issuance of senior notes | 2,200,000 | 2,000,000 | 0 | 0 |
| Payments to redeem convertible notes | - | - | - | 1,071,788 |
| Proceeds from ppp liquidity facility advances | - | - | 0 | 0 |
| Payments of debt issuance costs from issuance of senior notes | 28,346 | 26,619 | - | - |
| Repayments of paycheck protection program liquidity facility advances | - | 0 | 16,840 | 480,694 |
| Payments to redeem convertible notes | 1,000,624 | 0 | 461,761 | - |
| Proceeds from warehouse facilities borrowings | 1,305,288 | 1,255,745 | 1,387,662 | 1,620,805 |
| Repayments of warehouse facilities borrowings | 1,456,869 | 1,329,729 | 1,118,083 | 391,463 |
| Proceeds from the exercise of stock options and purchases under the employee stock purchase plan | 88,943 | 154,779 | 130,433 | 81,768 |
| Payments for tax withholding related to vesting of restricted stock units | - | 0 | 0 | 4,735 |
| Net increase in interest-bearing deposits | 55,548 | 74,856 | 25,135 | 82,049 |
| Repurchases of common stock | 2,330,661 | 1,170,339 | 156,812 | - |
| Other financing activities | -35,330 | -18,473 | -19,977 | -87,692 |
| Change in customer funds, restricted from use in the company's operations | 588,952 | 1,012,442 | -9,894 | 349,330 |
| Net cash provided by (used in) financing activities | -613,099 | 1,952,662 | -240,137 | 97,580 |
| Effect of foreign exchange rate on cash and cash equivalents | 86,081 | -88,539 | 29,156 | -38,363 |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and customer funds | -749,236 | 4,221,425 | 573,181 | 1,460,816 |
| Cash, cash equivalents, restricted cash, and customer funds, beginning of the period | 13,230,512 | 9,009,087 | 8,435,906 | 6,975,090 |
| Cash, cash equivalents, restricted cash, and customer funds, end of the period | 12,481,276 | 13,230,512 | 9,009,087 | 8,435,906 |
Block, Inc. (XYZ)
Block, Inc. (XYZ)