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SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | 3 Months Ended
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Mar. 31, 2024
Supplemental Cash Flow Elements [Abstract] |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | 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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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//230/tableOfContent + Details
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- References No definition available. + Details
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