Company name:

Square Inc

  • IPO SHARE PRICE:
    $9.00
  • IPO DATE:
    November 19, 2015
  • TICKER:
    SQ
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    1455 Market Street Suite 600 San Francisco CA 94103
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Square Inc

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
39.3% - Customers payable
34.2% - Proceeds from sales and principal payments of loans held for sale
9.0% - Stock-based compensation
4.8% - Net income (loss)
4.0% - Transaction and loan losses
3.3% - Settlements payable
1.9% - Depreciation and amortization
1.7% - Non-cash interest expense
1.6% - Lease expense
0.2% - (Gain) loss on repayment of debt
SOURCEs
34.2% 39.3% 3.3% 9.0% 4.8% 4.0%
100 %
0%
USES
8.7% 10.8% 41.7% 26.1% 4.2% 6.7%
41.7% - Purchase of loans held for sale
26.1% - Customer funds
10.8% - Settlements receivable
6.7% - (Gain) loss on revaluation of equity investment
4.2% - Other assets and liabilities
1.7% - Charge-offs and recoveries to accrued transaction losses
0.2% - Deferred income taxes
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
 ($38,453) $375,446 $213,105 $213,105 $1,175,836
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
$45,679
 60,961 75,598 84,212 84,212 89,884
Replacement stock awards issued in connection with acquisition Replacement stock awards issued in connection with acquisition
-
-
-
$45,679
$45,679
 899 - - - -
Stock-based compensation
$45,679
$45,679
$45,679
$45,679
$45,679
 216,881 297,863 397,800 397,800 454,684
Provision for doubtful accounts receivable
$45,679
$45,679
-
-
-
 - - - - -
Provision for transaction losses
$45,679
$45,679
-
-
-
 - - - - -
Non-cash interest and other expense
-
-
$45,679
$45,679
$45,679
 31,257 34,547 - - -
Non-cash interest expense
-
-
-
-
-
 - - 76,129 76,129 94,980
Lease expense
-
-
-
-
-
 - 29,696 70,253 70,253 77,884
Excess tax benefit related to stock-options compensation Excess tax benefit related to stock-options compensation
$45,679
$45,679
$45,679
-
-
 - - - - -
Deferred income taxes
$45,679
$45,679
$45,679
$45,679
$45,679
 (646) (1,376) (8,016) (8,016) (18,564)
Impairment of intangible assets
$45,679
-
-
-
-
 - - - - -
(Gain) loss on sale of property and equipment
$45,679
$45,679
-
-
-
 - - - - -
(Gain) loss on sale of asset group
-
-
-
-
-
 - (373,445) - - -
Transaction and loan losses
-
-
-
-
-
 - 126,959 177,670 177,670 63,944
(Gain) loss on revaluation of equity investment
-
-
-
$45,679
$45,679
 (20,342) 12,326 (295,297) (295,297) (1,097,192)
Transaction loan and advance losses
-
-
$45,679
$45,679
$45,679
 88,077 - - - -
(Gain) loss on repayment of debt
-
-
-
$45,679
$45,679
 5,047 - 6,651 6,651 17,032
Recovery of common stock in connection with indemnification settlement agreement Recovery of common stock in connection with indemnification settlement agreement
-
-
-
$45,679
$45,679
 (2,745) (1,069) - - -
Merchant cash advance receivable
$45,679
$45,679
-
-
-
 - - - - -
Settlements receivable
$45,679
$45,679
$45,679
$45,679
$45,679
 245,795 (248,271) (473,871) (473,871) (756,888)
Proceeds from sales and principal payments of loans held for sale Proceeds from sales and principal payments of loans held for sale
-
$45,679
$45,679
$45,679
$45,679
 1,579,834 2,168,682 1,505,406 1,505,406 1,113,648
Other assets
$45,679
$45,679
$45,679
$45,679
$45,679
 (6,641) - - - -
Accounts payable
$45,679
$45,679
$45,679
-
-
 - - - - -
Customers payable
$45,679
$45,679
$45,679
$45,679
$45,679
 15,597 523,795 1,733,138 1,733,138 1,150,120
Settlements payable
-
-
$45,679
$45,679
$45,679
 (60,651) 41,697 143,528 143,528 354,628
Purchase of loans held for sale
-
$45,679
$45,679
$45,679
$45,679
 (1,609,611) (2,266,738) (1,837,137) (1,837,137) (868,320)
Accrued expenses
$45,679
$45,679
$45,679
$45,679
$45,679
 7,190 - - - -
Customer funds
-
$45,679
$45,679
$45,679
$45,679
 (131,004) (204,208) (1,151,536) (1,151,536) (1,065,108)
Charge-offs and recoveries to accrued transaction losses Charge-offs and recoveries to accrued transaction losses
$45,679
$45,679
$45,679
$45,679
$45,679
 (58,192) (78,325) (73,613) (73,613) (73,008)
Other liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
 13,938 - - - -
Other assets and liabilities
-
-
-
-
-
 - (47,478) (186,819) (186,819) (230,656)
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
$45,679
 $295,080 $465,699 $381,603 $381,603 $482,904
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
57.4% - (Purchases) sale of marketable debt securities
37.5% - Maturities of marketable debt securities from customer funds
5.0% - (Purchases) sale of marketable debt securities from customer funds
SOURCEs
57.4% 5.0% 37.5%
100 %
0%
USES
73.6% 13.6% 7.8% 5.0%
13.6% - (Purchase) sale of property and equipment
7.8% - Business combinations net of cash
5.0% - (Purchases) sale of a long-term investment
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Increase) decrease in restricted cash and deposits
$45,679
$45,679
-
-
-
 - - - - -
Purchases of marketable securities
-
$45,679
$45,679
-
-
 - - - - -
Sale of marketable securities
-
$45,679
$45,679
-
-
 - - - - -
Maturities of marketable securities
-
$45,679
$45,679
-
-
 - - - - -
(Purchases) sale of marketable debt securities
-
-
-
$45,679
$45,679
 171,992 548,619 585,427 585,427 613,060
(Purchases) sale of equity securities
-
-
-
$45,679
$45,679
 - 33,016 - - -
(Purchases) sale of marketable debt securities from customer funds (Purchases) sale of marketable debt securities from customer funds
-
-
-
$45,679
$45,679
 48,334 17,493 51,430 51,430 91,892
Maturities of marketable debt securities from customer funds Maturities of marketable debt securities from customer funds
-
-
-
$45,679
$45,679
 (148,096) 158,055 382,887 382,887 583,548
(Purchases) sale of a long-term investment
-
-
-
-
$45,679
 - (15,250) (51,277) (51,277) (205,108)
(Purchases) sale of investments in private companies
-
-
$45,679
-
-
 - - - - -
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
$45,679
 (61,203) (62,498) (138,402) (138,402) (208,196)
Sale of asset group
-
-
-
-
-
 - 309,324 - - -
Purchases of intangible assets
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,584) - - - -
Acquisition of business net of cash
$45,679
$45,679
$45,679
-
-
 - - - - -
Business combinations net of cash
-
-
-
$45,679
$45,679
 (112,399) (20,372) (79,221) (79,221) (200,000)
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
$45,679
 ($905,848) $95,193 ($606,636) ($606,636) ($299,692)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
71.2% - Issuance of senior convertible notes
15.6% - Borrowing from the US Govt under CARES Act - Paycheck Protection Program
7.8% - Proceeds from issuance of warrants
5.4% - Proceeds (payments) related to employee stock compensation plans (ESPP)
SOURCEs
71.2% 15.6% 5.4% 7.8%
100 %
0%
USES
77.8% 10.6% 11.4%
11.4% - Purchase of convertible senior notes hedges
10.6% - Employee withholding taxes paid upon settlement of restricted stock units
0.2% - Other financing activities
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
-
-
-
-
 - - - - -
Issuance of preferred stock
$45,679
$45,679
$45,679
-
-
 - - - - -
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
$45,679
-
-
-
-
 - - - - -
Proceeds from issuance of warrants
-
-
$45,679
$45,679
$45,679
 112,125 - 232,095 232,095 530,380
Proceeds (payments) related to employee stock compensation plans (ESPP) Proceeds (payments) related to employee stock compensation plans (ESPP)
-
-
$45,679
$45,679
$45,679
 133,850 118,514 161,985 161,985 221,540
Issuance of common stock under Employee Stock Purchase Plan (ESPP) and from excercise of stock options Issuance of common stock under Employee Stock Purchase Plan (ESPP) and from excercise of stock options
-
$45,679
-
-
-
 - - - - -
Initial public offering costs
-
$45,679
-
$45,679
$45,679
 - - - - -
Borrowing from the US Govt under CARES Act - Paycheck Protection Program Borrowing from the US Govt under CARES Act - Paycheck Protection Program
-
-
-
-
-
 - - 464,094 464,094 (37,608)
Principal payment on conversion of senior notes
-
-
-
$45,679
$45,679
 (219,384) - - - -
Issuance of senior convertible notes
-
-
$45,679
$45,679
$45,679
 855,663 - 2,116,544 2,116,544 4,521,212
Repayment of debt
$45,679
-
$45,679
-
-
 - - - - -
Borrowing
-
$45,679
-
-
-
 - - - - -
Repayments of capital leases
-
$45,679
$45,679
$45,679
$45,679
 (3,941) - - - -
Payment for termination of Starbucks warrant
-
-
$45,679
-
$45,679
 - - - - -
Debt issuance costs
$45,679
-
$45,679
-
-
 - - - - -
Payment of deferred purchase consideration
-
-
-
$45,679
$45,679
 (848) - - - -
Employee withholding taxes paid upon settlement of restricted stock units Employee withholding taxes paid upon settlement of restricted stock units
-
-
$45,679
$45,679
$45,679
 (189,124) (212,264) (314,019) (314,019) (525,648)
Excess tax benefit from stock-based compensation
$45,679
$45,679
$45,679
-
-
 - - - - -
Purchase of convertible senior notes hedges
-
-
$45,679
$45,679
$45,679
 (172,586) - (338,145) (338,145) (755,780)
Other financing activities
-
-
-
-
-
 - (5,124) (7,359) (7,359) (19,012)
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
$45,679
 $515,755 ($98,874) $2,315,195 $2,315,195 $3,935,084
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$2,103,157,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
$45,679
 $735,081 $632,847 $1,098,706 - $8,640,264
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
$45,679
$45,679
 (7,221) 3,841 12,995 - 48,892
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
 (102,234) 465,859 2,103,157 - 4,167,188
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
$45,679
 $632,847 $1,098,706 $3,201,863 - $12,807,452