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FY2025
12 months to Dec 31, 2025
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FY2024
12 months to Dec 31, 2024
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FY2023
12 months to Dec 31, 2023
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FY2022
12 months to Dec 31, 2022
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FY2021
12 months to Dec 31, 2021
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|---|---|---|---|---|---|
| Cash flows from operations: | |||||
| Net income | |||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||
| Impairment of equity securities held at cost | |||||
| Equity in earnings of unconsolidated entity | |||||
| Impairment of digital assets | |||||
| Unrealized foreign currency losses, net | |||||
| Depreciation and amortization | |||||
| Accrued interest, financial income and other revenues | |||||
| Non cash interest expense and amortization of debt issuance costs and other charges | |||||
| Provision for doubtful accounts | |||||
| Provision for contingencies | |||||
| Results on derivative instruments | |||||
| Results on digital assets at fair value | |||||
| Long term retention program (“LTRP”) accrued compensation | |||||
| Deferred income taxes | |||||
| Changes in assets and liabilities: | |||||
| Receivables | |||||
| Credit card receivables and other means of payments | |||||
| Inventories | |||||
| Other assets | |||||
| Payables and accrued expenses | |||||
| Funds payable to customers | |||||
| Amounts payable due to credit and debit card transactions | |||||
| Other liabilities | |||||
| Operating lease liabilities | |||||
| Interest received from investments | |||||
| Net cash provided by operating activities | |||||
| Cash flows from investing activities: | |||||
| Purchases of investments | |||||
| Proceeds from sale and maturity of investments | |||||
| Payments for acquired businesses, net of cash acquired | |||||
| Capital contributions in joint ventures | |||||
| Proceeds from settlements of derivative instruments | |||||
| Payments from settlements of derivative instruments | |||||
| Purchases of intangibles assets | |||||
| Changes in loans receivable, net | |||||
| Investments of property and equipment | |||||
| Investments in property and equipment, intangible assets and intangible assets at fair value | |||||
| Proceeds from sales of intangible assets at fair value | |||||
| Net cash used in investing activities | |||||
| Cash flows from financing activities: | |||||
| Proceeds from loans payable and other financial liabilities | |||||
| Payments on loans payable and other financing liabilities | |||||
| Payments of finance lease liabilities | |||||
| Common Stock repurchased | |||||
| Proceeds from issuance of common stock, net | |||||
| Purchase of convertible note capped calls | |||||
| Exercise of Convertible Notes | |||||
| Payments on repurchase of the 2028 Notes | |||||
| Unwind of convertible note capped calls | |||||
| Net cash provided by (used in) financing activities | |||||
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and cash equivalents | |||||
| Net increase in cash, cash equivalents, restricted cash and cash equivalents | |||||
| Cash, cash equivalents, restricted cash and cash equivalents, beginning of the year | |||||
| Cash, cash equivalents, restricted cash and cash equivalents, end of the year | |||||
| Supplemental cash flow information: | |||||
| Cash paid for interest | |||||
| Cash paid for income tax | |||||
| Non-cash financing activities: | |||||
| Finance lease liabilities | |||||
| Convertible Senior Notes Due 2028 | |||||
| Contingent considerations and escrows from acquired business | |||||
| Non-cash transactions: | |||||
| Right-of-use assets obtained under operating leases | |||||
| Property and equipment obtained under finance leases | |||||
| Acquired businesses, through call option | |||||
| Cash and cash equivalents | |||||
| Total purchase price, net of cash acquired | |||||
| Accounts receivable | |||||
| Other current assets | |||||
| Other non current assets | |||||
| Total assets acquired | |||||
| Accounts payable and accrued expenses | |||||
| Other liabilities | |||||
| Total liabilities assumed | |||||
| Goodwill and deferred tax liabilities | |||||
| Intangible assets | |||||
| Hubs network | |||||
| Platform | |||||
| Customer lists and non-compete agreements | |||||
| Total purchase price | |||||
| Contingent considerations and escrows from acquired business | |||||
| Investments in intangible assets not paid | |||||
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