Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Block.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.92B | $17.53B | $17.66B | $9.50B | $4.71B | $3.30B | $2.21B | $1.71B | $1.27B | $850.19M |
| Cost of Revenue | $14.41B | $11.54B | $13.24B | $6.76B | $2.82B | $1.99B | $1.37B | $1.13B | $897.09M | $624.12M |
| Gross Profit | $7.50B | $5.99B | $4.42B | $2.73B | $1.89B | $1.30B | $839.31M | $576.04M | $370.03M | $226.07M |
| Gross Profit Ratio | 34.20% | 34.18% | 25.00% | 28.78% | 40.09% | 39.53% | 37.90% | 33.71% | 29.20% | 26.59% |
| Research and Development Expenses | $2.72B | $2.14B | $1.40B | $881.83M | $670.61M | $497.48M | $321.89M | $268.54M | $199.64M | $144.64M |
| General and Administrative Expenses | $2.21B | $1.69B | $983.33M | $579.20M | $436.25M | $339.25M | $250.55M | $251.99M | $143.47M | $94.22M |
| Selling and Marketing Expenses | $2.02B | $2.06B | $1.62B | $1.11B | $624.83M | $411.15M | $253.17M | $173.88M | $145.62M | $112.58M |
| Selling General and Administrative Expenses | $4.23B | $3.74B | $2.60B | $1.69B | $1.06B | $750.40M | $503.72M | $425.87M | $289.08M | $206.80M |
| Other Expenses | $834.71M | $689.44M | $187.99M | $181.53M | $131.44M | $18.47M | $67.90M | $52.09M | $55.77M | $12.00K |
| Operating Expenses | $7.78B | $6.57B | $4.19B | $2.75B | $1.86B | $1.34B | $893.51M | $746.49M | $544.49M | $376.56M |
| Cost and Expenses | $22.19B | $18.11B | $17.43B | $9.52B | $4.69B | $3.33B | $2.27B | $1.88B | $1.44B | $1.00B |
| Interest Income | $47.22M | $36.23M | $33.12M | $56.94M | $21.52M | $- | $- | $- | $1.61M | $- |
| Interest Expense | $- | $36.23M | $33.12M | $56.94M | $21.52M | $17.98M | $8.46M | $- | $- | $- |
| Depreciation and Amortization | $419.67M | $470.33M | $217.89M | $154.47M | $105.29M | $60.96M | $37.28M | $37.74M | $27.63M | $18.59M |
| EBITDA | $390.53M | $-58.76M | $408.48M | $427.38M | $505.02M | $42.82M | $-15.33M | $-91.81M | $-92.82M | $-107.82M |
| EBITDA Ratio | 1.78% | 0.00% | 2.24% | 3.76% | -5.76% | 0.74% | -0.76% | -7.77% | -11.72% | -15.38% |
| Operating Income | $-278.84M | $-577.96M | $261.71M | $272.91M | $26.56M | $-36.61M | $-54.21M | $-170.45M | $-174.46M | $-150.49M |
| Operating Income Ratio | -1.27% | -3.30% | 1.48% | 2.87% | 0.56% | -1.11% | -2.45% | -9.98% | -13.77% | -17.70% |
| Total Other Income Expenses Net | $249.70M | $12.64M | $-3.65M | $234.78M | $351.66M | $487.00K | $-8.46M | $780.00K | $-1.61M | $-2.66M |
| Income Before Tax | $-29.14M | $-565.32M | $157.46M | $215.97M | $378.21M | $-36.13M | $-62.66M | $-169.67M | $-176.07M | $-152.65M |
| Income Before Tax Ratio | -0.13% | -3.22% | 0.89% | 2.27% | 8.02% | -1.10% | -2.83% | -9.93% | -13.90% | -17.96% |
| Income Tax Expense | $-8.02M | $-12.31M | $-1.36M | $2.86M | $2.77M | $2.33M | $149.00K | $1.92M | $3.75M | $1.44M |
| Net Income | $9.77M | $-553.00M | $166.28M | $213.10M | $375.45M | $-38.45M | $-62.81M | $-171.59M | $-179.82M | $-154.09M |
| Net Income Ratio | 0.04% | -3.15% | 0.94% | 2.24% | 7.97% | -1.17% | -2.84% | -10.04% | -14.19% | -18.12% |
| EPS | $0.02 | $-0.96 | $0.36 | $0.48 | $0.88 | $-0.09 | $-0.17 | $-0.50 | $-1.05 | $-0.54 |
| EPS Diluted | $0.02 | $-0.96 | $0.33 | $0.44 | $0.81 | $-0.09 | $-0.17 | $-0.50 | $-1.05 | $-0.54 |
| Weighted Average Shares Outstanding | 608.86M | 578.95M | 458.43M | 443.13M | 425.00M | 405.73M | 369.49M | 341.56M | 170.50M | 284.31M |
| Weighted Average Shares Outstanding Diluted | 614.02M | 578.95M | 501.78M | 482.17M | 466.08M | 405.73M | 379.34M | 341.56M | 170.50M | 284.31M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $8.17B | $4.54B | $4.44B | $3.16B | $1.05B | $583.17M | $696.47M | $452.03M | $461.33M | $225.30M |
| Short Term Investments | $851.90M | $1.08B | $869.28M | $695.11M | $492.46M | $540.99M | $169.58M | $59.90M | $- | $- |
| Cash and Short Term Investments | $6.25B | $5.63B | $5.31B | $3.85B | $1.54B | $1.12B | $866.05M | $511.93M | $461.33M | $225.30M |
| Net Receivables | $6.17B | $4.73B | $1.69B | $1.22B | $753.53M | $433.44M | $650.34M | $341.29M | $194.25M | $156.71M |
| Inventory | $110.10M | $97.70M | $77.06M | $61.13M | $47.68M | $28.63M | $16.78M | $13.72M | $11.86M | $2.99M |
| Other Current Assets | $6.36B | $4.53B | $3.62B | $2.81B | $1.03B | $598.55M | $280.81M | $155.84M | $28.68M | $23.97M |
| Total Current Assets | $18.86B | $15.62B | $11.62B | $7.76B | $3.22B | $2.11B | $1.78B | $1.00B | $705.56M | $409.87M |
| Property Plant Equipment Net | $540.76M | $702.47M | $731.55M | $690.41M | $262.34M | $291.40M | $91.50M | $88.33M | $87.22M | $63.73M |
| Goodwill | $11.92B | $11.97B | $519.28M | $316.70M | $266.35M | $261.70M | $58.33M | $57.17M | $56.70M | $40.27M |
| Intangible Assets | $1.76B | $2.01B | $257.05M | $137.61M | $69.08M | $77.10M | $14.33M | $19.29M | $26.78M | $10.28M |
| Goodwill and Intangible Assets | $13.68B | $13.98B | $776.32M | $454.31M | $335.42M | $338.81M | $72.66M | $76.47M | $83.47M | $50.55M |
| Long Term Investments | $796.29M | $782.31M | $1.61B | $872.72M | $647.30M | $510.02M | $228.67M | $27.37M | $-18.51M | $-17.74M |
| Tax Assets | $- | $-484.24M | $-370.54M | $-499.25M | $-196.39M | $-177.89M | $519.00K | $306.00K | $188.00K | $454.00K |
| Other Non-Current Assets | $194.32M | $484.24M | $370.54M | $499.25M | $196.39M | $177.89M | $-519.00K | $-306.00K | $18.32M | $17.29M |
| Total Non-Current Assets | $15.21B | $15.47B | $3.12B | $2.02B | $1.25B | $1.14B | $392.82M | $192.16M | $170.70M | $114.28M |
| Other Assets | $- | $275.36M | $-811.98M | $90.48M | $86.39M | $28.89M | $16.15M | $17.78M | $18.51M | $17.74M |
| Total Assets | $34.07B | $31.36B | $13.93B | $9.87B | $4.55B | $3.28B | $2.19B | $1.21B | $894.77M | $541.89M |
| Account Payables | $151.02M | $558.35M | $336.78M | $286.45M | $137.95M | $90.55M | $131.55M | $51.15M | $13.11M | $- |
| Short Term Debt | $806.76M | $527.21M | $128.05M | $105.49M | $27.27M | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $9.50M | $6.16M | $- | $- | $- |
| Deferred Revenue | $167.03M | $141.89M | $48.46M | $44.91M | $38.10M | $31.47M | $5.89M | $5.41M | $6.62M | $- |
| Other Current Liabilities | $8.80B | $7.21B | $5.36B | $4.10B | $1.49B | $887.01M | $829.23M | $520.91M | $314.47M | $190.20M |
| Total Current Liabilities | $9.92B | $8.43B | $5.44B | $4.13B | $1.69B | $1.02B | $972.83M | $577.46M | $334.20M | $191.11M |
| Long Term Debt | $5.26B | $4.47B | $4.95B | $3.37B | $1.16B | $1.05B | $358.57M | $- | $- | $30.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $6.90M | $6.23M | $4.98M | $432.00K | $- | $25.54M | $- |
| Deferred Tax Liabilities Non-Current | $35.70M | $132.50M | $- | $-6.90M | $-6.23M | $- | $644.00K | $476.00K | $299.00K | $- |
| Other Non-Current Liabilities | $154.97M | $1.08B | $222.85M | $-311.27M | $-20.60M | $88.31M | $68.46M | $57.27M | $52.22M | $47.11M |
| Total Non-Current Liabilities | $5.46B | $5.68B | $5.18B | $3.06B | $1.14B | $1.14B | $428.11M | $57.74M | $52.52M | $77.11M |
| Other Liabilities | $- | $- | $1.10B | $- | $- | $- | $- | $-57.74M | $-52.52M | $- |
| Total Liabilities | $15.38B | $14.11B | $11.71B | $7.19B | $2.84B | $2.16B | $1.40B | $577.46M | $334.20M | $268.22M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $514.95M |
| Common Stock | $- | $17.22B | $- | $- | $- | $- | $- | $- | $- | $- |
| Retained Earnings | $-528.43M | $-568.71M | $-27.96M | $-297.22M | $-510.33M | $-885.77M | $-842.74M | $-779.24M | $-607.65M | $-395.63M |
| Accumulated Other Comprehensive Income Loss | $-378.31M | $-523.09M | $-16.43M | $23.33M | $1.63M | $-6.05M | $-1.32M | $-1.99M | $-1.19M | $-807.00K |
| Other Total Stockholders Equity | $19.60B | $18.31B | $3.32B | $2.96B | $2.22B | $2.01B | $1.63B | $1.36B | $1.12B | $155.17M |
| Total Stockholders Equity | $18.70B | $17.22B | $3.27B | $2.68B | $1.72B | $1.12B | $786.33M | $576.15M | $508.05M | $273.67M |
| Total Equity | $18.69B | $17.25B | $3.31B | $2.68B | $1.72B | $1.12B | $786.33M | $576.15M | $508.05M | $273.67M |
| Total Liabilities and Stockholders Equity | $34.07B | $31.36B | $13.93B | $9.87B | $4.55B | $3.28B | $2.19B | $1.21B | $894.77M | $541.89M |
| Minority Interest | $-2.42M | $28.48M | $40.73M | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $34.07B | $31.36B | $13.93B | $9.87B | $4.55B | $3.28B | $2.19B | $1.21B | $894.77M | $541.89M |
| Total Investments | $1.65B | $1.86B | $2.48B | $1.57B | $1.14B | $1.05B | $398.24M | $87.27M | $-18.51M | $-17.74M |
| Total Debt | $6.07B | $4.94B | $5.52B | $3.49B | $1.07B | $1.05B | $358.57M | $- | $- | $30.00M |
| Net Debt | $-2.10B | $400.24M | $1.07B | $335.37M | $27.82M | $465.52M | $-337.90M | $-452.03M | $-461.33M | $-195.30M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-21.12M | $-553.00M | $158.83M | $213.10M | $375.45M | $-38.45M | $-62.81M | $-171.59M | $-179.82M | $-154.09M |
| Depreciation and Amortization | $408.56M | $340.52M | $134.76M | $84.21M | $75.60M | $60.96M | $37.28M | $37.74M | $27.63M | $18.59M |
| Deferred Income Tax | $-85.88M | $-69.59M | $-10.44M | $-8.02M | $-1.38M | $-646.00K | $-1.39M | $58.00K | $26.00K | $-2.66M |
| Stock Based Compensation | $1.28B | $1.07B | $608.04M | $397.80M | $297.86M | $216.88M | $155.84M | $138.79M | $82.29M | $36.10M |
| Change in Working Capital | $-685.26M | $-599.94M | $-221.40M | $-9.17M | $-12.79M | $-16.08M | $-43.33M | $7.55M | $48.67M | $-26.88M |
| Accounts Receivables | $- | $-1.50B | $-346.22M | $-473.87M | $-248.27M | $245.79M | $-305.83M | $-178.41M | $-27.42M | $-50.36M |
| Inventory | $- | $- | $- | $- | $- | $-34.92M | $-10.23M | $59.81M | $14.57M | $-34.80M |
| Accounts Payables | $802.54M | $1.27B | $186.80M | $1.88B | $565.49M | $-45.05M | $369.93M | $170.30M | $83.84M | $53.13M |
| Other Working Capital | $-1.49B | $-369.64M | $-61.98M | $-1.41B | $-330.01M | $-181.90M | $-97.20M | $-44.15M | $-22.32M | $5.14M |
| Other Non Cash Items | $-791.43M | $-13.36M | $178.04M | $-296.32M | $-269.04M | $72.42M | $42.12M | $10.58M | $48.79M | $19.56M |
| Net Cash Provided by Operating Activities | $100.96M | $175.90M | $847.83M | $381.60M | $465.70M | $295.08M | $127.71M | $23.13M | $27.58M | $-109.39M |
| Investments in Property Plant and Equipment | $-151.15M | $-170.81M | $-304.32M | $-138.40M | $-62.50M | $-62.79M | $-26.10M | $-25.83M | $-38.72M | $-29.19M |
| Acquisitions Net | $-4.97M | $539.45M | $-163.97M | $-79.22M | $288.95M | $-112.40M | $-26.91M | $-1.36M | $-4.50M | $11.71M |
| Purchases of Investments | $-1.16B | $-812.41M | $-3.25B | $-2.02B | $-1.32B | $-1.15B | $-544.91M | $-164.77M | $- | $- |
| Sales Maturities of Investments | $1.73B | $1.84B | $2.41B | $1.63B | $1.19B | $417.78M | $257.31M | $77.42M | $- | $- |
| Other Investing Activities | $272.86M | $-169.40M | $-1.01B | $-389.01M | $178.06M | $-732.25M | $-312.60M | $-8.20M | $-1.88M | $-7.08M |
| Net Cash Used for Investing Activities | $683.20M | $1.23B | $-1.31B | $-606.64M | $95.19M | $-905.85M | $-340.61M | $-122.73M | $-45.10M | $-24.55M |
| Debt Repayment | $-209.02M | $-1.07B | $2.01B | $2.58B | $- | $636.28M | $428.25M | $-168.00K | $-30.00M | $30.00M |
| Common Stock Issued | $- | $81.77M | $126.72M | $394.08M | $118.51M | $245.97M | $219.75M | $90.91M | $251.26M | $- |
| Common Stock Repurchased | $-156.81M | $-4.74M | $-323.01M | $-314.02M | $-212.26M | $-189.12M | $-44.68M | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $125.70M | $1.17B | $646.77M | $1.10B | $243.40M | $-120.52M | $26.68M | $90.91M | $43.51M | $164.15M |
| Net Cash Used Provided by Financing Activities | $-240.14M | $97.58M | $2.65B | $3.68B | $243.40M | $515.75M | $454.93M | $90.74M | $264.76M | $194.15M |
| Effect of Forex Changes on Cash | $29.16M | $-38.36M | $-7.07M | $12.99M | $3.84M | $-7.22M | $4.30M | $-438.00K | $-1.78M | $-1.08M |
| Net Change in Cash | $573.18M | $1.46B | $2.18B | $2.10B | $465.86M | $-102.23M | $246.34M | $-9.30M | $245.47M | $59.12M |
| Cash at End of Period | $9.01B | $8.44B | $6.98B | $3.20B | $1.10B | $632.85M | $735.08M | $452.03M | $470.77M | $225.30M |
| Cash at Beginning of Period | $8.44B | $6.98B | $4.79B | $1.10B | $632.85M | $735.08M | $488.75M | $461.33M | $225.30M | $166.18M |
| Operating Cash Flow | $100.96M | $175.90M | $847.83M | $381.60M | $465.70M | $295.08M | $127.71M | $23.13M | $27.58M | $-109.39M |
| Capital Expenditure | $-151.15M | $-170.81M | $-304.32M | $-138.40M | $-62.50M | $-62.79M | $-26.10M | $-25.83M | $-38.72M | $-29.19M |
| Free Cash Flow | $-50.19M | $5.09M | $543.51M | $243.20M | $403.20M | $232.29M | $101.61M | $-2.70M | $-11.13M | $-138.59M |