Cash flow Coinbase Global, Inc.

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COIN

US19260Q1076

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8a3d89d32.iDI3OM1ZTdqU-oYD1l-8VeScWnRcMwdEfKTa7wXzOUo.-VsOZ_83Br_Tm8oygTfKZb3uDwE-Zkg9O-vjq2jeT3vNe1pCqjF1jqKo9Q

Published financial data: COINBASE GLOBAL, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.14B	7.35B	3.15B	2.93B	6.29B
Other Revenues, Total	134M	483M	625K	16K	-
Total Revenues	1.27B	7.84B	3.15B	2.93B	6.29B
Cost of Goods Sold, Total	136M	1.27B	630M	421M	898M
Gross Profit	1.14B	6.57B	2.52B	2.51B	5.4B
Selling General & Admin Expenses, Total	333M	1.57B	2.11B	1.37B	1.95B
R&D Expenses	272M	1.29B	2.33B	1.32B	1.47B
Other Operating Expenses	125M	510M	770M	24.96M	-63.79M
Other Operating Expenses, Total	730M	3.37B	5.2B	2.72B	3.36B
Operating Income	410M	3.2B	-2.68B	-214M	2.04B
Interest Expense, Total	-	-29.2M	-88.9M	-82.77M	-80.64M
Interest And Investment Income	2.63M	2.14M	44.77M	182M	271M
Net Interest Expenses	2.63M	-27.06M	-44.13M	99.06M	190M
Currency Exchange Gains (Loss)	-1.06M	-41.5M	-103M	-10.61M	-2.48M
Other Non Operating Income (Expenses)	445K	-6.92M	-70.96M	21.37M	728M
EBT, Excl. Unusual Items	412M	3.13B	-2.9B	-104M	2.95B
Restructuring Charges	-	-	-40.7M	-143M	-
Merger & Related Restructuring Charges	-	-8M	-4.1M	-2.6M	-
Gain (Loss) On Sale Of Investments	860K	27.07M	-100M	74.55M	-9.69M
Asset Writedown	-	-120M	-26.52M	-18.79M	-
Other Unusual Items	-3.28M	924K	8.31M	117M	-
EBT, Incl. Unusual Items	409M	3.03B	-3.06B	-76.84M	2.94B
Income Tax Expense	86.88M	-597M	-440M	-172M	364M
Earnings From Continuing Operations	322M	3.62B	-2.62B	94.87M	2.58B
Net Income to Company	322M	3.62B	-2.62B	94.87M	2.58B
Net Income - (IS)	322M	3.62B	-2.62B	94.87M	2.58B
Preferred Dividend and Other Adjustments	214M	527M	-	119K	1.31M
Net Income to Common Incl Extra Items	108M	3.1B	-2.62B	94.75M	2.58B
Net Income to Common Excl. Extra Items	108M	3.1B	-2.62B	94.75M	2.58B
Per Share Items
Net EPS - Basic	1.58	17.47	-11.81	0.4	10.42
Basic EPS - Continuing Operations	1.58	17.47	-11.81	0.4	10.42
Basic Weighted Average Shares Outstanding	68.67M	177M	222M	236M	247M
Net EPS - Diluted	1.4	14.5	-11.83	0.37	9.48
Diluted EPS - Continuing Operations	1.4	14.5	-11.83	0.37	9.48
Diluted Weighted Average Shares Outstanding	91.21M	220M	222M	254M	273M
Normalized Basic EPS	3.75	11.02	-8.16	-0.28	7.46
Normalized Diluted EPS	2.82	8.88	-8.16	-0.26	6.75
Supplemental Items
EBITDA	441M	3.27B	-2.53B	-74.54M	2.16B
EBITA	426M	3.25B	-2.58B	-145M	2.06B
EBIT	410M	3.2B	-2.68B	-214M	2.04B
EBITDAR	465M	3.29B	-2.5B	-29.8M	-
Total Revenues (As Reported)	1.28B	7.84B	3.19B	3.11B	6.56B
Effective Tax Rate - (Ratio)	21.23	-19.73	14.35	223.46	12.36
Current Domestic Taxes	83.43M	-47.49M	5.64M	33M	180M
Current Foreign Taxes	2.98M	8.64M	22.76M	11.62M	31.89M
Total Current Taxes	86.41M	-38.84M	28.4M	44.62M	212M
Deferred Domestic Taxes	859K	-533M	-488M	-218M	157M
Deferred Foreign Taxes	-385K	-25.56M	19.73M	1.42M	-5.78M
Total Deferred Taxes	474K	-558M	-468M	-216M	151M
Normalized Net Income	257M	1.95B	-1.81B	-65.22M	1.85B
Interest on Long-Term Debt	-	29.16M	85.89M	82.69M	-
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	247M
Selling and Marketing Expenses	56.78M	664M	510M	332M	654M
General and Administrative Expenses	277M	867M	1.56B	994M	1.3B
Research And Development Expense From Footnotes	272M	1.29B	2.33B	1.32B	1.47B
Net Rental Expense, Total	23.99M	27.75M	32.13M	44.73M	-
Imputed Operating Lease Interest Expense	-	3.02M	6.03M	8.84M	-
Imputed Operating Lease Depreciation	-	24.73M	26.1M	35.89M	-
Stock-Based Comp., R&D Exp. (Total)	36.87M	572M	1.09B	476M	565M
Stock-Based Comp., S&M Exp. (Total)	1.57M	32.94M	76.15M	59M	69.46M
Stock-Based Comp., G&A Exp. (Total)	34.19M	216M	396M	245M	279M
Stock-Based Comp., Other (Total)	-	-	-	84.04M	-
Total Stock-Based Compensation	72.62M	821M	1.57B	865M	913M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.06B	7.12B	4.43B	5.14B	8.54B
Short Term Investments	-	9.66M	-	-	-
Total Cash And Short Term Investments	1.06B	7.13B	4.43B	5.14B	8.54B
Accounts Receivable, Total	161M	104M	8.43M	58.93M	95.87M
Other Receivables	21.71M	135M	272M	173M	175M
Notes Receivable	6.79M	218M	184M	193M	475M
Total Receivables	189M	457M	465M	425M	746M
Prepaid Expenses	36.22M	123M	98.2M	79.55M	88.5M
Restricted Cash	30.79M	30.95M	25.87M	22.99M	38.52M
Other Current Assets, Total	3.82B	10.63B	81.43B	198B	8.7B
Total Current Assets	5.13B	18.37B	86.45B	203B	18.11B
Gross Property Plant And Equipment	175M	200M	326M	326M	466M
Accumulated Depreciation	-24.49M	-42.25M	-85.02M	-121M	-185M
Net Property Plant And Equipment	150M	158M	241M	205M	281M
Long-term Investments	28.15M	365M	327M	343M	374M
Goodwill	77.21M	626M	1.07B	1.14B	1.14B
Other Intangibles, Total	60.82M	177M	135M	86.42M	46.8M
Deferred Tax Assets Long-Term	20.81M	574M	1.05B	1.27B	941M
Other Long-Term Assets, Total	384M	1B	453M	470M	1.65B
Total Assets	5.86B	21.27B	89.72B	207B	22.54B
Liabilities
Accounts Payable, Total	12.03M	39.83M	56.04M	39.29M	63.32M
Accrued Expenses, Total	57.39M	342M	166M	313M	332M
Short-term Borrowings	271M	427M	172M	62.98M	300M
Current Portion of Leases	25.27M	32.37M	33.73M	10.9M	9.6M
Current Income Taxes Payable	5.8M	4.55M	5.53M	17.37M	90.91M
Other Current Liabilities	3.88B	10.57B	80.38B	197B	7.15B
Total Current Liabilities	4.25B	11.42B	80.82B	198B	7.94B
Long-Term Debt	-	3.38B	3.39B	2.98B	4.23B
Long-Term Leases	82.51M	74.08M	42.04M	3.82M	85.79M
Other Non Current Liabilities	-	14.83M	19.53M	3.4M	3.92M
Total Liabilities	4.33B	14.89B	84.27B	201B	12.27B
Preferred Stock Convertible	562M	-	-	-	-
Total Preferred Equity	562M	-	-	-	-
Common Stock, Total	-	2K	2K	2K	2K
Additional Paid In Capital	231M	2.03B	3.77B	4.49B	5.37B
Retained Earnings	726M	4.35B	1.73B	1.82B	4.96B
Comprehensive Income and Other	6.26M	-3.4M	-38.61M	-30.27M	-50.05M
Total Common Equity	964M	6.38B	5.45B	6.28B	10.28B
Total Equity	1.53B	6.38B	5.45B	6.28B	10.28B
Total Liabilities And Equity	5.86B	21.27B	89.72B	207B	22.54B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	73.11M	219M	231M	242M	254M
ECS Total Common Shares Outstanding	73.11M	217M	231M	242M	254M
Book Value / Share	13.18	29.39	23.63	25.95	40.52
Tangible Book Value	826M	5.58B	4.25B	5.06B	9.09B
Tangible Book Value Per Share	11.29	25.7	18.39	20.89	35.84
Total Debt	379M	3.92B	3.64B	3.06B	4.63B
Net Debt	-683M	-3.22B	-784M	-2.08B	-3.91B
Debt Equivalent Oper. Leases	192M	222M	257M	358M	-
Equity Method Investments, Total	2M	1.46M	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	9.98M	10.85M	13.07M	2.68M	-
Full Time Employees	1.25K	3.73K	4.51K	3.42K	3.77K
Accumulated Allowance for Doubtful Accounts (Supple)	2.16M	24.55M	-	22.56M	29.43M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	322M	3.62B	-2.62B	94.87M	2.58B
Depreciation & Amortization - CF	14.26M	18.35M	47.97M	70.04M	101M
Amortization of Goodwill and Intangible Assets - (CF)	16.7M	45.3M	106M	69.6M	27M
Depreciation & Amortization, Total	30.96M	63.65M	154M	140M	128M
Amortization of Deferred Charges, Total - (CF)	-	5.03M	9.25M	-	-
(Gain) Loss From Sale Of Asset	355K	1.42M	-58K	-	-
(Gain) Loss on Sale of Investments - (CF)	150K	-20.14M	105M	-20.75M	18.72M
Asset Writedown & Restructuring Costs	8.36M	330M	26.52M	18.79M	-
Stock-Based Compensation (CF)	70.55M	821M	1.57B	865M	913M
Other Operating Activities, Total	-45.52M	-928M	211M	-501M	-603M
Change In Accounts Receivable	-157M	-8.02M	-141M	80.38M	-101M
Change In Accounts Payable	20.84M	27.33M	18.61M	954K	-
Change In Income Taxes	86.79M	-62.14M	1.91M	8.55M	77.1M
Change in Other Net Operating Assets	2.67B	6.88B	-911M	236M	-455M
Cash from Operations	3B	10.73B	-1.59B	923M	2.56B
Capital Expenditure	-9.91M	-2.91M	-2.93M	-	-
Sale of Property, Plant, and Equipment	-	31K	83K	-	-
Cash Acquisitions	33.62M	-70.91M	-186M	-30.73M	-
Sale (Purchase) of Intangible assets	-8.89M	-82.87M	-61.04M	-63.2M	-
Investment in Marketable and Equity Securities, Total	-10.03M	-321M	-61.5M	-11.82M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-212M	120M	-72.99M	-212M
Other Investing Activities, Total	46.04M	-435M	-472M	184M	-70.83M
Cash from Investing	50.82M	-1.12B	-664M	5.39M	-282M
Short Term Debt Issued, Total	-	20M	191M	31.64M	-
Long-Term Debt Issued, Total	-	3.38B	-	-	1.25B
Total Debt Issued	-	3.4B	191M	31.64M	1.25B
Short Term Debt Repaid, Total	-	-	-191M	-52.12M	-
Long-Term Debt Repaid, Total	-	-	-	-304M	-
Total Debt Repaid	-	-	-191M	-356M	-
Issuance of Common Stock	20.73M	237M	72.34M	64.24M	126M
Repurchase of Common Stock	-1.93M	-263M	-352M	-278M	-117M
Other Financing Activities, Total	-	-90.13M	-5.56B	-274M	1.57B
Cash from Financing	18.8M	3.28B	-5.84B	-811M	2.83B
Foreign Exchange Rate Adjustments	-2.08M	-64.88M	-163M	8.77M	-48.37M
Net Change in Cash	3.07B	12.82B	-8.25B	126M	5.06B
Supplemental Items
Cash Interest Paid	-	3.79M	82.4M	76.14M	68.54M
Cash Income Tax Paid (Refund)	62.06M	68.61M	35.89M	39.12M	140M
Levered Free Cash Flow	457M	2.63B	-1.18B	1.48B	1.12B
Unlevered Free Cash Flow	457M	2.64B	-1.13B	1.53B	1.17B
Change In Net Working Capital	-117M	159M	1.11B	-727M	1.14B
Net Debt Issued / Repaid	-	3.4B	-117K	-324M	1.25B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.21	14.75	-3.02	-0.09	6.82
Return on Total Capital	16.53	32.8	-17.28	-1.45	10.5
Return On Equity %	24.91	91.66	-44.35	1.62	31.15
Return on Common Equity	14.82	84.33	-44.35	1.61	31.14
Margin Analysis
Gross Profit Margin %	89.37	83.82	80	85.62	85.74
SG&A Margin	26.15	19.97	66.89	46.85	31.06
EBITDA Margin %	34.56	41.67	-80.32	-2.55	34.38
EBITA Margin %	33.44	41.44	-81.84	-4.94	32.79
EBIT Margin %	32.13	40.86	-85.21	-7.32	32.36
Income From Continuing Operations Margin %	25.28	46.24	-83.35	3.24	40.98
Net Income Margin %	25.28	46.24	-83.35	3.24	40.98
Net Avail. For Common Margin %	8.49	39.52	-83.35	3.24	40.96
Normalized Net Income Margin	20.18	24.94	-57.58	-2.23	29.32
Levered Free Cash Flow Margin	35.87	33.53	-37.48	50.65	17.81
Unlevered Free Cash Flow Margin	35.87	33.7	-36.01	52.42	18.61
Asset Turnover
Asset Turnover	0.31	0.58	0.06	0.02	0.34
Fixed Assets Turnover	7.95	50.94	15.79	13.11	25.87
Receivables Turnover (Average Receivables)	13.09	55.9	664.66	23.37	81.31
Short Term Liquidity
Current Ratio	1.21	1.61	1.07	1.03	2.28
Quick Ratio	0.29	0.65	0.06	0.03	1.11
Operating Cash Flow to Current Liabilities	0.71	0.94	-0.02	0	0.32
Days Sales Outstanding (Average Receivables)	27.95	6.53	0.55	15.62	4.5
Average Days Payable Outstanding	24.27	7.46	27.78	41.36	20.92
Long Term Solvency
Total Debt/Equity	24.84	61.39	66.76	48.68	45.05
Total Debt / Total Capital	19.9	38.04	40.03	32.74	31.06
LT Debt/Equity	5.41	54.2	62.98	47.5	42.03
Long-Term Debt / Total Capital	4.33	33.58	37.77	31.95	28.98
Total Liabilities / Total Assets	73.94	70	93.92	96.97	54.41
EBIT / Interest Expense	-	109.67	-30.19	-2.59	25.25
EBITDA / Interest Expense	-	112.8	-28.09	-0.36	27.23
(EBITDA - Capex) / Interest Expense	-	112.7	-28.13	-0.36	27.23
Total Debt / EBITDA	0.82	1.19	-1.46	-102.6	2.11
Net Debt / EBITDA	-1.47	-0.98	0.31	69.85	-1.78
Total Debt / (EBITDA - Capex)	0.83	1.19	-1.46	-102.6	2.11
Net Debt / (EBITDA - Capex)	-1.5	-0.98	0.31	69.85	-1.78
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	143.85	514.76	-59.81	-7.08	115.04
Gross Profit, 1 Yr. Growth %	158.5	476.59	-61.65	-0.54	115.32
EBITDA, 1 Yr. Growth %	-1.58K	631.07	-179.4	-95.76	-6.07K
EBITA, 1 Yr. Growth %	-1.26K	650.94	-181.38	-91.99	-2.04K
EBIT, 1 Yr. Growth %	-979.62	670.2	-185.96	-88.8	-1.26K
Earnings From Cont. Operations, 1 Yr. Growth %	-1.16K	1.02K	-172.43	-103.61	2.62K
Net Income, 1 Yr. Growth %	-1.16K	1.02K	-172.43	-103.61	2.62K
Normalized Net Income, 1 Yr. Growth %	-1.28K	642.59	-194.91	-96.34	-5.88K
Diluted EPS Before Extra, 1 Yr. Growth %	-379.51	937.81	-181.59	-103.15	2.44K
Accounts Receivable, 1 Yr. Growth %	1.11K	-34.89	710.18	-69.23	62.69
Net Property, Plant and Equip., 1 Yr. Growth %	-11.97	5.01	53.04	-14.89	36.99
Total Assets, 1 Yr. Growth %	144.82	263.33	321.75	130.69	52.79
Tangible Book Value, 1 Yr. Growth %	121.77	575.82	-23.91	19.09	79.81
Common Equity, 1 Yr. Growth %	93.85	562.29	-14.53	15.16	63.6
Cash From Operations, 1 Yr. Growth %	-3.83K	257.18	-139.26	-158.21	177.03
Capital Expenditures, 1 Yr. Growth %	-88.85	-70.64	0.79	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-	469.84	-146.16	-310.48	-23.28
Unlevered Free Cash Flow, 1 Yr. Growth %	-	472.71	-144.12	-336.48	-22.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	287.18	57.18	-38.89	41.37
Gross Profit, 2 Yr. CAGR %	-	286.07	48.71	-38.24	46.36
EBITDA, 2 Yr. CAGR %	-	991.06	140.21	-85.06	-8.08
EBITA, 2 Yr. CAGR %	-	868.63	146.52	-79.13	-11.07
EBIT, 2 Yr. CAGR %	-	750.09	156.65	-74.43	-13.39
Earnings From Cont. Operations, 2 Yr. CAGR %	-	992.09	185.38	-83.82	-0.88
Net Income, 2 Yr. CAGR %	-	992.09	185.38	-83.82	-0.88
Normalized Net Income, 2 Yr. CAGR %	-	873.06	164.87	-81.43	0.51
Diluted EPS Before Extra, 2 Yr. CAGR %	-	438.59	190.99	-83.98	-10.5
Accounts Receivable, 2 Yr. CAGR %	-	179.1	-77	652.38	-29.25
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-3.85	26.77	14.13	7.98
Total Assets, 2 Yr. CAGR %	-	198.24	291.45	211.92	-49.88
Tangible Book Value, 2 Yr. CAGR %	-	287.14	126.77	-4.81	46.33
Common Equity, 2 Yr. CAGR %	-	258.3	137.92	-0.79	37.26
Cash From Operations, 2 Yr. CAGR %	-	1.05K	132.4	-52.19	26.99
Capital Expenditures, 2 Yr. CAGR %	-	-81.91	-45.61	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	60.91	-25.23	-1.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	57.72	-24.2	3.67
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	81.95	31.92	-7.05
Gross Profit, 3 Yr. CAGR %	-	-	78.8	30.05	-6.35
EBITDA, 3 Yr. CAGR %	-	-	351.76	-44.6	-13.46
EBITA, 3 Yr. CAGR %	-	-	320.71	-30.14	-14.67
EBIT, 3 Yr. CAGR %	-	-	292.7	-19.29	-14.65
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	342.06	-33.48	-10.72
Net Income, 3 Yr. CAGR %	-	-	342.06	-33.48	-10.72
Normalized Net Income, 3 Yr. CAGR %	-	-	344.56	-36.81	-0.82
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	187.11	-35.65	-13.22
Accounts Receivable, 3 Yr. CAGR %	-	-	-14.13	-28.23	351.59
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	12.26	11	21.29
Total Assets, 3 Yr. CAGR %	-	-	234.76	228.19	1.95
Tangible Book Value, 3 Yr. CAGR %	-	-	125.09	82.95	17.67
Common Equity, 3 Yr. CAGR %	-	-	122.22	86.81	17.21
Cash From Operations, 3 Yr. CAGR %	-	-	169.95	46.5	-14.13
Capital Expenditures, 3 Yr. CAGR %	-	-	-67.93	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	48.14	-24.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	49.84	-24.01
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	64.48
Gross Profit, 5 Yr. CAGR %	-	-	-	-	65.03
EBITDA, 5 Yr. CAGR %	-	-	-	-	139.54
EBITA, 5 Yr. CAGR %	-	-	-	-	126.5
EBIT, 5 Yr. CAGR %	-	-	-	-	115.01
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	143.08
Net Income, 5 Yr. CAGR %	-	-	-	-	143.08
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	145.62
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	80.12
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	48.4
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	10.53
Total Assets, 5 Yr. CAGR %	-	-	-	-	56.62
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	89.47
Common Equity, 5 Yr. CAGR %	-	-	-	-	83.27
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	99.66