2022 Q4 Form 10-K Financial Statement

#000167978823000031 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $629.1M $3.194B $7.839B
YoY Change -74.82% -59.25% 513.66%
Cost Of Revenue $82.99M $629.9M $1.268B
YoY Change -83.44% -50.32% 835.74%
Gross Profit $546.1M $2.564B $6.572B
YoY Change -72.66% -60.98% 475.44%
Gross Profit Margin 86.81% 80.28% 83.83%
Selling, General & Admin $1.061B $2.111B $1.573B
YoY Change 5.93% 34.17% 367.26%
% of Gross Profit 194.26% 82.31% 23.94%
Research & Development $2.326B $1.292B
YoY Change 80.12% 375.31%
% of Gross Profit 90.72% 19.65%
Depreciation & Amortization $40.35M $154.1M $63.65M
YoY Change 75.29% 142.05% 105.58%
% of Gross Profit 7.39% 6.01% 0.97%
Operating Expenses $1.078B $5.904B $4.763B
YoY Change 0.32% 23.97% 448.38%
Operating Profit -$532.3M -$2.710B $3.077B
YoY Change -157.71% -188.09% 652.31%
Interest Expense -$21.60M $88.90M $29.16M
YoY Change 204.87%
% of Operating Profit 0.95%
Other Income/Expense, Net $5.594M -$265.5M -$49.62M
YoY Change -117.6% 434.98% -20109.27%
Pretax Income -$570.9M -$3.065B $3.027B
YoY Change -164.1% -201.24% 639.72%
Income Tax -$13.88M -$439.6M -$597.2M
% Of Pretax Income -19.73%
Net Earnings -$557.0M -$2.625B $3.624B
YoY Change -166.29% -172.43% 1024.4%
Net Earnings / Revenue -88.54% -82.18% 46.23%
Basic Earnings Per Share -$11.81 $17.47
Diluted Earnings Per Share -$2.46 -$11.83 $14.50
COMMON SHARES
Basic Shares Outstanding 222.3M shares 177.3M shares
Diluted Shares Outstanding 222.3M shares 220.0M shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.425B $4.425B $7.123B
YoY Change -37.88% -37.88% 570.82%
Cash & Equivalents $4.425B $4.425B $7.123B
Short-Term Investments
Other Short-Term Assets $18.84M $76.52B $266.9M
YoY Change 539.63% 28569.32% 123.91%
Inventory
Prepaid Expenses $98.20M
Receivables $404.4M $404.4M $396.0M
Other Receivables $5.102B $5.102B $10.59B
Total Short-Term Assets $86.45B $86.45B $18.37B
YoY Change 370.5% 370.5% 257.89%
LONG-TERM ASSETS
Property, Plant & Equipment $171.9M $241.2M $157.6M
YoY Change 190.15% 53.04% 5.01%
Goodwill $1.074B
YoY Change 71.62%
Intangibles $135.4M
YoY Change -23.35%
Long-Term Investments $343.9M $343.9M $365.4M
YoY Change 23409.23% -5.88% 1200.4%
Other Assets $1.402B $1.482B $1.575B
YoY Change 47.19% -5.9% 288.72%
Total Long-Term Assets $3.277B $3.277B $2.901B
YoY Change 12.97% 12.97% 302.02%
TOTAL ASSETS
Total Short-Term Assets $86.45B $86.45B $18.37B
Total Long-Term Assets $3.277B $3.277B $2.901B
Total Assets $89.72B $89.72B $21.27B
YoY Change 321.75% 321.75% 263.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.04M $82.92M $39.83M
YoY Change 40.69% 108.16% 231.94%
Accrued Expenses $331.2M $199.5M $374.5M
YoY Change -24.64% -46.72% 352.83%
Deferred Revenue
YoY Change
Short-Term Debt $20.52M $20.52M $0.00
YoY Change 2.29%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $80.82B $80.82B $11.42B
YoY Change 607.72% 607.72% 168.88%
LONG-TERM LIABILITIES
Long-Term Debt $3.393B $3.393B $3.385B
YoY Change 0.26% 0.26%
Other Long-Term Liabilities $19.53M $61.58M $88.91M
YoY Change 31.72% -30.74% 7.76%
Total Long-Term Liabilities $3.413B $3.455B $3.474B
YoY Change 0.39% -0.54% 4110.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.82B $80.82B $11.42B
Total Long-Term Liabilities $3.413B $3.455B $3.474B
Total Liabilities $84.27B $84.27B $14.89B
YoY Change 465.85% 465.85% 243.99%
SHAREHOLDERS EQUITY
Retained Earnings $1.725B
YoY Change -60.34%
Common Stock $3.768B
YoY Change 85.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.455B $5.455B $6.382B
YoY Change
Total Liabilities & Shareholders Equity $89.72B $89.72B $21.27B
YoY Change 321.75% 321.75% 263.33%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$557.0M -$2.625B $3.624B
YoY Change -166.29% -172.43% 1024.4%
Depreciation, Depletion And Amortization $40.35M $154.1M $63.65M
YoY Change 75.29% 142.05% 105.58%
Cash From Operating Activities $3.232B -$1.585B $10.73B
YoY Change 7.97% -114.78% 257.18%
INVESTING ACTIVITIES
Capital Expenditures $59.53M $2.933M $2.910M
YoY Change -103.8% 0.79% -70.64%
Acquisitions $186.2M $70.91M
YoY Change 162.51% -310.95%
Other Investing Activities $33.40M $739.1M $1.948B
YoY Change -96.93% -62.06% 230.85%
Cash From Investing Activities -$26.12M -$663.8M -$1.125B
YoY Change -94.56% -40.98% -2313.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $0.00
YoY Change
Cash From Financing Activities -5.610B -$5.839B $3.284B
YoY Change 5037.92% -277.77% 17368.35%
NET CHANGE
Cash From Operating Activities 3.232B -$1.585B $10.73B
Cash From Investing Activities -26.12M -$663.8M -$1.125B
Cash From Financing Activities -5.610B -$5.839B $3.284B
Net Change In Cash -2.404B -$8.088B $12.89B
YoY Change -200.01% -162.75% 319.35%
FREE CASH FLOW
Cash From Operating Activities $3.232B -$1.585B $10.73B
Capital Expenditures $59.53M $2.933M $2.910M
Free Cash Flow $3.172B -$1.588B $10.73B
YoY Change -30.45% -114.81% 258.27%

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4978752000 usd
CY2021Q4 coin Client Custodial Cash Excluding In Transit Funds Reclassed Current
ClientCustodialCashExcludingInTransitFundsReclassedCurrent
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Interest Paid Net
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CY2022 us-gaap Income Taxes Paid Net
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CapitalLeaseObligationsIncurred
14528000 usd
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CapitalLeaseObligationsIncurred
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CapitalLeaseObligationsIncurred
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 coin Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration
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324925000 usd
CY2021 coin Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration
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571196000 usd
CY2020 coin Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration
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0 usd
CY2022 coin Noncash Or Part Noncash Acquisition Indefinite Lived Crypto Assets And Investments
NoncashOrPartNoncashAcquisitionIndefiniteLivedCryptoAssetsAndInvestments
19967000 usd
CY2021 coin Noncash Or Part Noncash Acquisition Indefinite Lived Crypto Assets And Investments
NoncashOrPartNoncashAcquisitionIndefiniteLivedCryptoAssetsAndInvestments
13511000 usd
CY2020 coin Noncash Or Part Noncash Acquisition Indefinite Lived Crypto Assets And Investments
NoncashOrPartNoncashAcquisitionIndefiniteLivedCryptoAssetsAndInvestments
662000 usd
CY2022 coin Payments For Investments Noncash
PaymentsForInvestmentsNoncash
5000000 usd
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PaymentsForInvestmentsNoncash
0 usd
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PaymentsForInvestmentsNoncash
0 usd
CY2022 coin Noncash Or Part Noncash Crypto Assets Disposed
NoncashOrPartNoncashCryptoAssetsDisposed
617000 usd
CY2021 coin Noncash Or Part Noncash Crypto Assets Disposed
NoncashOrPartNoncashCryptoAssetsDisposed
0 usd
CY2020 coin Noncash Or Part Noncash Crypto Assets Disposed
NoncashOrPartNoncashCryptoAssetsDisposed
0 usd
CY2022 coin Noncash Or Part Noncash Crypto Assets Borrowed
NoncashOrPartNoncashCryptoAssetsBorrowed
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CY2021 coin Noncash Or Part Noncash Crypto Assets Borrowed
NoncashOrPartNoncashCryptoAssetsBorrowed
1134876000 usd
CY2020 coin Noncash Or Part Noncash Crypto Assets Borrowed
NoncashOrPartNoncashCryptoAssetsBorrowed
194696000 usd
CY2022 coin Noncash Or Part Noncash Crypto Assets Borrowed And Repaid
NoncashOrPartNoncashCryptoAssetsBorrowedAndRepaid
1432688000 usd
CY2021 coin Noncash Or Part Noncash Crypto Assets Borrowed And Repaid
NoncashOrPartNoncashCryptoAssetsBorrowedAndRepaid
609600000 usd
CY2020 coin Noncash Or Part Noncash Crypto Assets Borrowed And Repaid
NoncashOrPartNoncashCryptoAssetsBorrowedAndRepaid
59171000 usd
CY2022 coin Noncash Or Part Noncash Assets Pledged As Collateral
NoncashOrPartNoncashAssetsPledgedAsCollateral
58377000 usd
CY2021 coin Noncash Or Part Noncash Assets Pledged As Collateral
NoncashOrPartNoncashAssetsPledgedAsCollateral
0 usd
CY2020 coin Noncash Or Part Noncash Assets Pledged As Collateral
NoncashOrPartNoncashAssetsPledgedAsCollateral
0 usd
CY2022 coin Noncash Or Part Noncash Assets Received As Collateral
NoncashOrPartNoncashAssetsReceivedAsCollateral
26874000 usd
CY2021 coin Noncash Or Part Noncash Assets Received As Collateral
NoncashOrPartNoncashAssetsReceivedAsCollateral
0 usd
CY2020 coin Noncash Or Part Noncash Assets Received As Collateral
NoncashOrPartNoncashAssetsReceivedAsCollateral
0 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
NATURE OF OPERATIONS<div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Coinbase, Inc. was founded in 2012. In April 2014, in connection with a corporate reorganization, Coinbase, Inc. became a wholly-owned subsidiary of Coinbase Global, Inc. (together with its consolidated subsidiaries, the “Company”).</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates globally and is a leading provider of end-to-end financial infrastructure and technology for the cryptoeconomy. The Company offers consumers the primary financial account for the cryptoeconomy, institutions a state of the art marketplace with a deep pool of liquidity for transacting in crypto assets, and developers technology and services that enable them to build crypto-based applications and securely accept crypto assets as payment.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a remote-first company. Accordingly, the Company does not maintain a headquarters.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 14, 2021, the Company completed the direct listing of its Class A common stock on the Nasdaq Global Select Market (the “Direct Listing”).</span></div>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified in order to conform with the current period presentation. These reclassifications have no impact on the Company’s previously reported consolidated net income.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Changes in presentation</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the fourth quarter of 2022, the Company elected to change its presentation for deposits in transit from payment processors and financial institutions, which are related to customer transactions. Under the new presentation, these funds are included in customer custodial funds, whereas previously they were presented within the accounts and loans receivable, net of allowance financial statement line item. The change allows the Company to present cash and deposits in transit as customer custodial funds held for the exclusive benefit of customers, which the Company holds to meet its obligations for customer deposits at period end.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Additionally, the Company made a change in its presentation of customer custodial cash liabilities from operating activities, to present them as financing activities within its consolidated statements of cash flows. </span></div>Comparative amounts have been recast to conform to current period presentation. These recasts had no impact on the consolidated statements of operations, consolidated statements of comprehensive income or consolidated statements of changes in convertible preferred stock and stockholders' equity.
CY2021Q4 coin Client Custodial Cash Current
ClientCustodialCashCurrent
10617552000 usd
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CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-28511000 usd
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IncreaseDecreaseInDepositOtherAssets
36527000 usd
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IncreaseDecreaseInDueToClientCurrent
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4038172000 usd
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CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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IncreaseDecreaseInDepositOtherAssets
39989000 usd
CY2020 coin Increase Decrease In Due To Client Current
IncreaseDecreaseInDueToClientCurrent
0 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
293548000 usd
CY2020 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
2710522000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of th</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">e consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions in the Company’s</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> consolidated financial statements and notes thereto.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant estimates and assumptions include the determination of the recognition, measurement, and valuation of current and deferred income taxes; the fair value of stock-based awards issued; the useful lives of long-lived assets; the impairment of long-lived assets; the valuation of privately-held strategic investments, including impairments; the Company’s incremental borrowing rate; the fair value of customer crypto assets and liabilities; the fair value of assets acquired and liabilities assumed in business combinations, including contingent consideration arrangements; the fair value of derivatives and related hedges; the fair value of long-term debt; assessing the likelihood of adverse outcomes from claims and disputes; and loss provisions.</span></div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Actual results and outcomes may differ from management’s estimates and assumptions due to risks and uncertainties. To the extent that there are material differences between these estimates and actual results, the Comp</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">any’s </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">consolidated financial statements will be affected. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable, the result of which forms the basis for making judgments about the carrying values of assets and liabilities.</span>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of credit risk</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s cash and cash equivalents, restricted cash, customer custodial funds, and accounts and loans receivable are potentially subject to concentration of credit risk. Cash and cash equivalents, restricted cash, and customer custodial funds are primarily placed with financial institutions which are of high credit quality. The Company invests cash and cash equivalents, and customer custodial funds primarily in highly liquid, highly rated instruments which are uninsured. The Company may also have corporate deposit balances with financial institutions which exceed the Federal Deposit Insurance Corporation insurance limit of $250,000. The Company has not experienced losses on these accounts and does not believe it is exposed to any significant credit risk with respect to these accounts. The Company also holds cash at crypto trading venues and performs a regular assessment of these crypto trading venues as part of its risk management process.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company held $861.1 million and $100.1 million of USDC as of December 31, 2022 and 2021, respectively. The issuer of USDC reported that, as of December 31, 2022, underlying reserves were held in cash and short-duration U.S. Treasuries within segregated accounts for the benefit of USDC holders. </span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022 and 2021, the Company had one counterparty and no counterparties, respectively, who accounted for more than 10% of the Company’s accounts and loans receivable, net. In January and February 2023, the Company received payments from this counterparty which accounted for their total receivable balance.</span></div>During the years ended December 31, 2022 and 2021, no counterparty accounted for more than 10% of total revenue.
CY2022Q4 coin Crypto Currency Current
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861100000 usd
CY2021Q4 coin Crypto Currency Current
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100100000 usd
CY2022 us-gaap Derivatives Embedded Derivatives
DerivativesEmbeddedDerivatives
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Crypto asset borrowings</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company borrows crypto assets from third parties on an unsecured basis. Such crypto assets borrowed by the Company are reported in crypto assets held on the consolidated balance sheets.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The borrowings are accounted for as hybrid instruments, with a liability host contract that contains an embedded derivative based on the changes in the fair value of the underlying crypto asset. The host contract is not accounted for as a debt instrument because it is not a financial liability, is carried at the fair value of the assets acquired and reported in crypto asset borrowings on the consolidated balance sheets. The embedded derivative is accounted for at fair value, with changes in fair value recognized in other operating expense, net in the consolidated statements of operations. The embedded derivatives are included in crypto asset borrowings on the consolidated balance sheets.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The term of these borrowings can either be for a fixed term of less than one year or can be open-ended and repayable at the option of the Company or the lender. These borrowings bear a fee payable by the Company to the lender, which is based on a percentage of the amount borrowed and is denominated in the related crypto asset borrowed. The borrowing fee is recognized on an accrual basis and is included in other operating expense, net in the consolidated statements of operations.</span></div>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 vote
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 vote
CY2022Q1 coin Safeguarding Asset Platform Operator Crypto Asset
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CY2022Q1 coin Safeguarding Liability Platform Operator Crypto Asset
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267600000000 usd
CY2022Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.18
CY2022Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
1100 employee
CY2022 us-gaap Restructuring Charges
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CY2022 coin Restructuring Charges Before Adjustments
RestructuringChargesBeforeAdjustments
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CY2022 us-gaap Payments For Restructuring
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CY2022 us-gaap Restructuring Reserve Accrual Adjustment1
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CY2022Q4 us-gaap Restructuring Reserve
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CY2022 us-gaap Interest Income Operating
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CY2021 us-gaap Interest Income Operating
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5535000 usd
CY2022 us-gaap Revenues
Revenues
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CY2021 us-gaap Revenues
Revenues
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Revenues
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CY2022 coin Revenue From Contract With Customer Payment Term
RevenueFromContractWithCustomerPaymentTerm
P30D
CY2022 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
12900000 usd
CY2021 us-gaap Revenue From Related Parties
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29100000 usd
CY2020 us-gaap Revenue From Related Parties
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CY2022Q4 us-gaap Due From Related Parties
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1300000 usd
CY2021Q4 us-gaap Due From Related Parties
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CY2022 us-gaap Revenues
Revenues
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CY2021 us-gaap Revenues
Revenues
7839444000 usd
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Revenues
1277481000 usd
CY2022Q4 coin Accounts Receivable Before Allowance For Credit Loss Trade Finance Receivables Excluding Accrued Interest
AccountsReceivableBeforeAllowanceForCreditLossTradeFinanceReceivablesExcludingAccruedInterest
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CY2021Q4 coin Accounts Receivable Before Allowance For Credit Loss Trade Finance Receivables Excluding Accrued Interest
AccountsReceivableBeforeAllowanceForCreditLossTradeFinanceReceivablesExcludingAccruedInterest
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CY2022Q4 coin Accounts Receivable Before Allowance For Credit Loss Custodial Fees Banking And Servicing Current
AccountsReceivableBeforeAllowanceForCreditLossCustodialFeesBankingAndServicingCurrent
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CY2021Q4 coin Accounts Receivable Before Allowance For Credit Loss Custodial Fees Banking And Servicing Current
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CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
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CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
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218461000 usd
CY2022Q4 coin Accounts Receivable Before Allowance For Credit Loss Crypto Asset Loan Receivable Current
AccountsReceivableBeforeAllowanceForCreditLossCryptoAssetLoanReceivableCurrent
85826000 usd
CY2021Q4 coin Accounts Receivable Before Allowance For Credit Loss Crypto Asset Loan Receivable Current
AccountsReceivableBeforeAllowanceForCreditLossCryptoAssetLoanReceivableCurrent
0 usd
CY2022Q4 coin Accounts Receivable Before Allowance For Credit Loss Interest And Other Excluding Accrued Interest Current
AccountsReceivableBeforeAllowanceForCreditLossInterestAndOtherExcludingAccruedInterestCurrent
223413000 usd
CY2021Q4 coin Accounts Receivable Before Allowance For Credit Loss Interest And Other Excluding Accrued Interest Current
AccountsReceivableBeforeAllowanceForCreditLossInterestAndOtherExcludingAccruedInterestCurrent
85204000 usd
CY2022Q4 coin Accounts Receivable Allowance For Credit Loss Excluding Accrued Interest Current
AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestCurrent
11500000 usd
CY2021Q4 coin Accounts Receivable Allowance For Credit Loss Excluding Accrued Interest Current
AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestCurrent
24551000 usd
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CY2021Q4 us-gaap Accounts Notes And Loans Receivable Net Current
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CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Current
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CY2021Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Current
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CY2022Q4 us-gaap Interest Receivable
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CY2021Q4 us-gaap Interest Receivable
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Current
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CY2022Q4 coin Crypto Asset Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Current
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CY2022 us-gaap Sublease Income
SubleaseIncome
5300000 usd
CY2021 us-gaap Sublease Income
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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34074000 usd
CY2020 us-gaap Operating Lease Cost
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30231000 usd
CY2022 us-gaap Short Term Lease Cost
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CY2021 us-gaap Short Term Lease Cost
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374000 usd
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358000 usd
CY2022 us-gaap Lease Cost
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CY2021 us-gaap Lease Cost
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CY2020 us-gaap Lease Cost
LeaseCost
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P1Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P2Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0301
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0302
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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36259000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2022Q4 coin Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3700000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
75778000 usd
CY2020Q3 coin Lessee Operating Lease Cancellation Fee
LesseeOperatingLeaseCancellationFee
7900000 usd
CY2020Q3 coin Lessee Operating Lease Minimum Committed Spend After Cancellation
LesseeOperatingLeaseMinimumCommittedSpendAfterCancellation
15500000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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256868000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
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101476000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
85015000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
42246000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
171853000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
59230000 usd
CY2022 us-gaap Depreciation
Depreciation
48000000.0 usd
CY2021 us-gaap Depreciation
Depreciation
18400000 usd
CY2020 us-gaap Depreciation
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22200000 usd
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21800000 usd
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176580000 usd
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16700000 usd
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4700000 usd
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500000 usd
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21361000 usd
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13120000 usd
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4819000 usd
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CryptoAssetImpairmentCharges
757300000 usd
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CryptoAssetImpairmentCharges
329200000 usd
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8400000 usd
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10617552000 usd
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75413188000 usd
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3500000000 usd
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3500000000 usd
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8800000 usd
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8653000 usd
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11800000 usd
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108000 usd
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7100000000 usd
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222800000 usd
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566500000 usd
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18.60
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P7Y9M29D
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937000 shares
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177.79
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13.32
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26.57
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23.31
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P6Y11M12D
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504222000 usd
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P6Y6M10D
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431404000 usd
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130200000 usd
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336300000 usd
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5900000000 usd
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12.46
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
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8000 shares
CY2020 coin Incremental Common Shares Attributable To Dilutive Effect Of Contingent Consideration
IncrementalCommonSharesAttributableToDilutiveEffectOfContingentConsideration
0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
222338000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
219965000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91209000 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.83
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
14.50
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
44551000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6585000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16597000 shares
CY2021Q3 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
3 class_action_case
CY2022 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
50000000 usd

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0001679788-23-000031-index-headers.html Edgar Link pending
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0001679788-23-000031.txt Edgar Link pending
0001679788-23-000031-xbrl.zip Edgar Link pending
coin-20221231.htm Edgar Link pending
coin-20221231.xsd Edgar Link pending
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exhibit1014-schaterjee.htm Edgar Link pending
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