XML 47 R37.htm IDEA: XBRL DOCUMENT v3.22.2.2

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of fair value of assets and liabilities

The following table sets forth by level, within the fair value hierarchy, the Company’s assets and liabilities measured and recorded at fair value on a recurring basis (in thousands):

			September 30, 2022
			Level 1						Level 2						Level 3						Total
Assets
Cash equivalents(1)			$	2,282,077					$	—					$	—					$	2,282,077
Customer custodial cash(2)			1,226,646						—						—						1,226,646
Crypto assets held(3)			209,972						—						—						209,972
Derivative assets(4)			—						30,776						—						30,776
Customer crypto assets			—						95,113,124						—						95,113,124
Total assets			$	3,718,695					$	95,143,900					$	—					$	98,862,595
Liabilities
Derivative liabilities(4)			$	—					$	12,679					$	—					$	12,679
Contingent consideration arrangement			—						—						4,213						4,213
Customer crypto liabilities			—						95,113,124						—						95,113,124
Total liabilities			$	—					$	95,125,803					$	4,213					$	95,130,016

			December 31, 2021
			Level 1						Level 2						Level 3						Total
Assets
Cash equivalents(1)			$	4,813,621					$	—					$	—					$	4,813,621
Customer custodial cash(2)			3,566,072						—						—						3,566,072
Crypto assets held(3)			—						421,685						—						421,685
Derivative assets(4)			—						345,429						—						345,429
Total assets			$	8,379,693					$	767,114					$	—					$	9,146,807
Liabilities
Derivative liabilities(4)			$	—					$	93,616					$	—					$	93,616
Contingent consideration arrangement			—						—						14,828						14,828
Total liabilities			$	—					$	93,616					$	14,828					$	108,444

__________________

(1)Represents money market funds. Excludes $2.6 billion of corporate cash held in deposit at banks and $167.8 million held at venues, which were not measured and recorded at fair value as of September 30, 2022. Excludes $2.1 billion of corporate cash held in deposit at banks and $168.9 million held at venues, which were not measured and recorded at fair value as of December 31, 2021.

(2)Represents money market funds. Excludes customer custodial cash of $5.4 billion and $7.0 billion held in deposit at financial institutions and not measured and recorded at fair value as of September 30, 2022 and December 31, 2021, respectively.

(3)Includes crypto assets held that have been designated as hedged items in fair value hedges and excludes crypto assets of $413.1 million and $566.5 million held at cost as of September 30, 2022 and December 31, 2021, respectively.

(4)See Note 12. Derivatives for additional details.

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration