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SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2024
Supplemental Cash Flow Elements [Abstract] |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | Changes in operating assets and liabilities affecting cash were as follows (in thousands):
| Three Months Ended March 31,
| 2024 |  | 2023 |  |
USDC | $ | (299,507) |  |  | $ | 497,303 |  |  |
Accounts receivable | (108,802) |  |  | (67,126) |  |  |
Deposits in transit | (21,260) |  |  | (15,262) |  |  |
Income taxes, net | 41,613 |  |  | (7,608) |  |  |
Other current and non-current assets | (3,856) |  |  | (14,892) |  |  |
Other current and non-current liabilities | (82,190) |  |  | (77,088) |  |  |
Net changes in operating assets and liabilities | $ | (474,002) |  |  | $ | 315,327 |  |  |
Reconciliation of cash, cash equivalents, and restricted cash (in thousands):
| Three Months Ended March 31,
| 2024 |  | 2023 |  |
Cash and cash equivalents | $ | 6,711,400 |  |  | $ | 5,018,409 |  |  |
Restricted cash | 33,499 |  |  | 26,712 |  |  |
Customer custodial cash | 5,002,888 |  |  | 5,293,029 |  |  |
Total cash, cash equivalents, and restricted cash | $ | 11,747,787 |  |  | $ | 10,338,150 |  |  |
Supplemental schedule of non-cash investing and financing activities were as follows (in thousands):
| Three Months Ended March 31,
| 2024 |  | 2023 |  |
Crypto assets borrowed | $ | 191,436 |  |  | $ | 170,599 |  |  |
Crypto assets borrowed repaid with crypto assets | 77,451 |  |  | 200,151 |  |  |
Crypto asset loans originated | 424,248 |  |  | — |  |  |
Crypto asset loans repaid | 286,475 |  |  | — |  |  |
Non-cash assets received as collateral | 90,798 |  |  | 19,116 |  |  |
Non-cash assets received as collateral returned | 15,374 |  |  | 45,990 |  |  |
Non-cash assets pledged as collateral | 42,020 |  |  | 30,774 |  |  |
Non-cash assets pledged as collateral returned | 20,804 |  |  | 10,743 |  |  |
Non-cash consideration paid for business combinations | — |  |  | 51,494 |  |  |
Realized gains on crypto assets held for investment | — |  |  | 48,491 |  |  |
Cumulative-effect adjustment due to the adoption of ASU 2023-08 | 561,489 |  |  | — |  |  |

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- References No definition available. + Details
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