Balance Sheet Block, Inc.

Equities

XYZ

US8522341036

Business Support Services

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Published financial data: BLOCK, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.71B	9.5B	17.66B	17.53B	21.92B
Total Revenues	4.71B	9.5B	17.66B	17.53B	21.92B
Cost of Goods Sold, Total	2.82B	6.75B	13.24B	11.47B	14.34B
Gross Profit	1.9B	2.74B	4.42B	6.06B	7.58B
Selling General & Admin Expenses, Total	1.06B	1.69B	2.6B	3.74B	4.03B
R&D Expenses	671M	882M	1.4B	2.14B	2.72B
Amortization of Goodwill and Intangible Assets - (IS)	11.43M	15.03M	-	209M	247M
Other Operating Expenses	127M	178M	259M	597M	661M
Other Operating Expenses, Total	1.87B	2.76B	4.26B	6.69B	7.66B
Operating Income	26.56M	-18.82M	161M	-625M	-80.63M
Interest Expense, Total	-44.25M	-74.06M	-53.96M	-77.89M	-145M
Interest And Investment Income	22.73M	17.11M	20.84M	41.66M	127M
Net Interest Expenses	-21.52M	-56.94M	-33.12M	-36.23M	-18.68M
Currency Exchange Gains (Loss)	1.7M	-	-	-	-
Other Non Operating Income (Expenses)	653K	-3.57M	-18.42M	-657K	219M
EBT, Excl. Unusual Items	7.39M	-79.33M	110M	-661M	120M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-132M
Gain (Loss) On Sale Of Investments	-2.63M	295M	47.89M	96.1M	-16.52M
Gain (Loss) On Sale Of Assets	373M	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	378M	216M	157M	-565M	-29.14M
Income Tax Expense	2.77M	2.86M	-1.36M	-12.31M	-8.02M
Earnings From Continuing Operations	375M	213M	159M	-553M	-21.12M
Net Income to Company	375M	213M	159M	-553M	-21.12M
Minority Interest	-	-	7.46M	12.26M	30.9M
Net Income - (IS)	375M	213M	166M	-541M	9.77M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	375M	213M	166M	-541M	9.77M
Net Income to Common Excl. Extra Items	375M	213M	166M	-541M	9.77M
Per Share Items
Net EPS - Basic	0.88	0.48	0.36	-0.93	0.02
Basic EPS - Continuing Operations	0.88	0.48	0.36	-0.93	0.02
Basic Weighted Average Shares Outstanding	425M	443M	458M	579M	609M
Net EPS - Diluted	0.81	0.44	0.33	-0.93	0.02
Diluted EPS - Continuing Operations	0.81	0.44	0.33	-0.93	0.02
Diluted Weighted Average Shares Outstanding	466M	482M	502M	579M	614M
Normalized Basic EPS	0.01	-0.11	0.17	-0.69	0.17
Normalized Diluted EPS	0.01	-0.1	0.15	-0.69	0.17
American Depositary Receipts Ratio (ADR)	0.04	0.04	0.04	0.04	0.04
Supplemental Items
EBITDA	83.26M	45.6M	262M	-284M	255M
EBITA	41.56M	424K	202M	-416M	93.42M
EBIT	26.56M	-18.82M	161M	-625M	-80.63M
EBITDAR	118M	129M	351M	-175M	347M
Total Revenues (As Reported)	4.71B	9.5B	17.66B	17.53B	21.92B
Effective Tax Rate - (Ratio)	0.73	1.33	-0.87	2.18	27.52
Current Domestic Taxes	1.04M	4.02M	3.39M	31.86M	26.35M
Current Foreign Taxes	3.1M	6.86M	5.68M	25.42M	51.51M
Total Current Taxes	4.14M	10.88M	9.07M	57.28M	77.86M
Deferred Domestic Taxes	-1.18M	-1.2M	-1.99M	-67.59M	-83.6M
Deferred Foreign Taxes	-200K	-6.82M	-8.45M	-2.01M	-2.28M
Total Deferred Taxes	-1.38M	-8.02M	-10.44M	-69.59M	-85.88M
Normalized Net Income	4.62M	-49.58M	75.94M	-401M	106M
Interest on Long-Term Debt	44.25M	74.06M	53.96M	77.89M	142M
Supplemental Operating Expense Items
Advertising Expense	143M	225M	436M	544M	360M
Selling and Marketing Expenses	625M	1.11B	1.62B	2.06B	2.02B
General and Administrative Expenses	436M	579M	983M	1.69B	2.01B
Research And Development Expense From Footnotes	678M	893M	1.4B	2.21B	2.79B
Net Rental Expense, Total	34.29M	83.66M	88.45M	109M	91.61M
Imputed Operating Lease Interest Expense	12.28M	21.7M	8.48M	11.43M	17.17M
Imputed Operating Lease Depreciation	22.01M	61.96M	79.97M	97.37M	74.45M
Stock-Based Comp., COGS (Total)	155K	368K	410K	494K	601K
Stock-Based Comp., R&D Exp. (Total)	211M	290M	447M	702M	902M
Stock-Based Comp., S&M Exp. (Total)	26.72M	36.63M	57.07M	105M	131M
Stock-Based Comp., G&A Exp. (Total)	60.15M	70.95M	104M	262M	243M
Stock-Based Comp., Other (Total)	-	300K	-	-	-
Total Stock-Based Compensation	298M	398M	608M	1.07B	1.28B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.05B	3.16B	4.44B	4.54B	5B
Short Term Investments	492M	695M	869M	1.08B	1.25B
Total Cash And Short Term Investments	1.54B	3.85B	5.31B	5.63B	6.25B
Accounts Receivable, Total	623M	1.07B	1.26B	4.43B	5.81B
Other Receivables	67.28M	149M	229M	299M	365M
Notes Receivable	-	-	91.45M	124M	248M
Total Receivables	690M	1.22B	1.58B	4.85B	6.42B
Inventory	47.68M	61.13M	77.06M	97.7M	110M
Prepaid Expenses	22.76M	34.28M	63.34M	141M	101M
Loans Held For Sale	165M	463M	518M	474M	775M
Restricted Cash	38.87M	30.28M	18.78M	640M	770M
Other Current Assets, Total	716M	2.1B	2.95B	3.79B	4.44B
Total Current Assets	3.22B	7.76B	10.52B	15.62B	18.86B
Gross Property Plant And Equipment	441M	919M	991M	1.07B	864M
Accumulated Depreciation	-179M	-228M	-259M	-368M	-323M
Net Property Plant And Equipment	262M	690M	732M	702M	541M
Long-term Investments	647M	873M	1.61B	782M	456M
Goodwill	266M	317M	519M	11.97B	11.92B
Other Intangibles, Total	69.08M	138M	257M	2.01B	1.76B
Deferred Tax Assets Long-Term	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	86.39M	90.48M	289M	275M	534M
Total Assets	4.55B	9.87B	13.93B	31.36B	34.07B
Liabilities
Accounts Payable, Total	42.12M	47.09M	82.17M	95.85M	143M
Accrued Expenses, Total	128M	127M	309M	446M	601M
Short-term Borrowings	-	464M	498M	16.84M	-
Current Portion of Long-Term Debt	-	-	455K	922M	753M
Current Portion of Leases	29.72M	52.75M	64.03M	66.85M	53.72M
Unearned Revenue Current, Total	38.1M	44.91M	48.46M	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	1.46B	3.39B	4.43B	6.89B	8.37B
Total Current Liabilities	1.69B	4.13B	5.44B	8.43B	9.92B
Long-Term Debt	939M	2.59B	4.56B	4.99B	4.97B
Long-Term Leases	109M	390M	395M	357M	290M
Unearned Revenue Non Current	6.23M	6.9M	-	-	-
Deferred Tax Liability Non Current	-	-	-	132M	35.7M
Other Non Current Liabilities	88.23M	78.4M	223M	202M	155M
Total Liabilities	2.84B	7.19B	10.61B	14.11B	15.38B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Additional Paid In Capital	2.22B	2.96B	3.32B	18.31B	19.6B
Retained Earnings	-510M	-297M	-27.96M	-569M	-528M
Comprehensive Income and Other	1.63M	23.33M	-16.44M	-523M	-378M
Total Common Equity	1.72B	2.68B	3.27B	17.22B	18.7B
Minority Interest	-	-	40.73M	28.48M	-2.42M
Total Equity	1.72B	2.68B	3.31B	17.25B	18.69B
Total Liabilities And Equity	4.55B	9.87B	13.93B	31.36B	34.07B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	435M	455M	580M	602M	616M
ECS Total Common Shares Outstanding	433M	456M	465M	600M	616M
Book Value / Share	3.96	5.88	7.04	28.7	30.36
Tangible Book Value	1.38B	2.23B	2.5B	3.24B	5.01B
Tangible Book Value Per Share	3.19	4.88	5.37	5.4	8.14
Total Debt	1.08B	3.49B	5.52B	6.35B	6.07B
Net Debt	-462M	-736M	203M	724M	-174M
Debt Equivalent Oper. Leases	274M	669M	708M	870M	733M
Minority Interest, Total (Incl. Fin. Div)	-	-	40.73M	28.48M	-2.42M
Account Code - Inventory Valuation	5	5	5	5	5
Machinery, Total	134M	174M	216M	271M	253M
Full Time Employees	3.84K	5.48K	8.52K	12.43K	12.98K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	151M	185M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	375M	213M	166M	-541M	9.77M
Depreciation & Amortization - CF	41.7M	45.17M	60.84M	132M	162M
Amortization of Goodwill and Intangible Assets - (CF)	15M	19.24M	40.52M	209M	174M
Depreciation & Amortization, Total	56.7M	64.41M	101M	341M	336M
Amortization of Deferred Charges, Total - (CF)	18.9M	19.8M	33.4M	-	72.83M
(Gain) Loss From Sale Of Asset	-373M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	12.33M	-295M	-35.49M	-73.46M	16.52M
Asset Writedown & Restructuring Costs	-	-	-	-	132M
Stock-Based Compensation (CF)	298M	398M	608M	1.07B	1.28B
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	189M	323M	355M	52.72M	-503M
Change In Accounts Payable	-	-	-	-	-
Change in Other Net Operating Assets	-111M	-341M	-381M	-674M	-1.24B
Cash from Operations	466M	382M	848M	176M	101M
Capital Expenditure	-62.5M	-138M	-134M	-171M	-151M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-20.37M	-79.22M	-164M	539M	-4.97M
Divestitures	309M	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-131M	-338M	-843M	1.03B	566M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-169M	273M
Other Investing Activities, Total	-	-51.28M	-170M	-	-
Cash from Investing	95.19M	-607M	-1.31B	1.23B	683M
Short Term Debt Issued, Total	-	464M	682M	-	-
Long-Term Debt Issued, Total	-	2.12B	2.03B	1.7B	1.41B
Total Debt Issued	-	2.58B	2.71B	1.7B	1.41B
Short Term Debt Repaid, Total	-	-	-648M	-481M	-16.84M
Long-Term Debt Repaid, Total	-	-	-	-1.46B	-1.58B
Total Debt Repaid	-	-	-648M	-1.94B	-1.6B
Issuance of Common Stock	119M	162M	127M	81.77M	130M
Repurchase of Common Stock	-212M	-314M	-323M	-4.74M	-157M
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-5.12M	-113M	783M	262M	-29.87M
Cash from Financing	-98.87M	2.32B	2.65B	97.58M	-240M
Foreign Exchange Rate Adjustments	3.84M	13M	-7.07M	-38.36M	29.16M
Net Change in Cash	466M	2.1B	2.18B	1.46B	573M
Supplemental Items
Cash Interest Paid	5.68M	3.86M	40.45M	84.88M	130M
Cash Income Tax Paid (Refund)	2.74M	6M	10.04M	39.04M	81.38M
Levered Free Cash Flow	253M	-214K	640M	-1.43B	422M
Unlevered Free Cash Flow	281M	46.07M	673M	-1.38B	512M
Change In Net Working Capital	46.66M	286M	35.69M	2.23B	971M
Net Debt Issued / Repaid	-	2.58B	2.07B	-241M	-184M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.42	-0.16	0.85	-1.68	-0.15
Return on Total Capital	0.69	-0.26	1.34	-2.41	-0.21
Return On Equity %	26.48	9.69	5.3	-5.38	-0.12
Return on Common Equity	26.48	9.69	5.59	-5.28	0.05
Margin Analysis
Gross Profit Margin %	40.24	28.9	25.03	34.58	34.58
SG&A Margin	22.51	17.78	14.72	21.36	18.39
EBITDA Margin %	1.77	0.48	1.49	-1.62	1.16
EBITA Margin %	0.88	0	1.14	-2.37	0.43
EBIT Margin %	0.56	-0.2	0.91	-3.56	-0.37
Income From Continuing Operations Margin %	7.97	2.24	0.9	-3.15	-0.1
Net Income Margin %	7.97	2.24	0.94	-3.08	0.04
Net Avail. For Common Margin %	7.97	2.24	0.94	-3.08	0.04
Normalized Net Income Margin	0.1	-0.52	0.43	-2.29	0.48
Levered Free Cash Flow Margin	5.37	-0	3.62	-8.18	1.92
Unlevered Free Cash Flow Margin	5.96	0.48	3.81	-7.9	2.34
Asset Turnover
Asset Turnover	1.2	1.32	1.48	0.76	0.67
Fixed Assets Turnover	17.02	19.94	24.84	24.45	35.26
Receivables Turnover (Average Receivables)	9.33	11.24	15.17	6.16	4.28
Inventory Turnover (Average Inventory)	73.83	124.12	191.64	131.26	138
Short Term Liquidity
Current Ratio	1.9	1.88	1.94	1.85	1.9
Quick Ratio	1.32	1.23	1.25	1.23	1.25
Operating Cash Flow to Current Liabilities	0.27	0.09	0.16	0.02	0.01
Days Sales Outstanding (Average Receivables)	39.1	32.55	24.06	59.22	85.22
Days Outstanding Inventory (Average Inventory)	4.94	2.95	1.9	2.78	2.64
Average Days Payable Outstanding	5.05	2.41	1.78	2.83	3.03
Cash Conversion Cycle (Average Days)	38.99	33.09	24.18	59.18	84.83
Long Term Solvency
Total Debt/Equity	62.82	130.28	166.47	36.81	32.48
Total Debt / Total Capital	38.58	56.57	62.47	26.9	24.52
LT Debt/Equity	61.09	111	149.51	30.98