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SQ Price Correlated With Financials For Block

Free historical financial statements for Block Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 25 quarters since 2016. Compare with SQ stock chart to see long term trends.

SQ Stock Compared to Quarterly

SQ Income Statement

Revenue, Net:3960645000
Revenue Per Share:7.3151
Cost of Goods & Services Sold:2665685000
Gross Profit:1294960000
Selling, General & Admin Expense:501562000
Research & Development Expense:484761000
Total Operating Expenses:1521749000
Operating Income:-226789000
Income Taxes:-1702000
Net Income:-207363000
Earnings Per Share, Basic:-0.38
Shares Outstanding, Basic Avg:541435000

SQ Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:70056000
Net Cash from Operations:229423000
Net Cash from Operations Per Share:0.4237
Net Cash from Financing Activities:-968556000
Property, Plant & Equipment Purchases:41187000
Purchases of Businesses, Net of Cash:null
Net Cash from Investing Activities:1130613000
Net Change in Cash & Equivalents:390532000

SQ Balance Sheet

Cash and Cash Equivalents:7365622000
Accounts Receivable, Net:107200000
Inventories:72340000
Total Current Assets:11860684000
Property, Plant & Equipment, Net:302247000
Total Assets:29127467000
Accounts Payable:123982000
Current Portion of Long-Term Debt:null
Total Short-Term Liabilities:6030021000
Long Term Debt, Non-Current Portion:null
Total Liabilities:11677075000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
32,093,878 sh
6,904,690 sh
27%
$4,351,930
$283,625
Morgan Stanley
27,766,326 sh
1,113,510 sh
4%
$3,765,112
-$539,584
Blackrock Inc.
24,430,844 sh
5,265,479 sh
27%
$3,312,820
$217,421
Sands Capital Management, LLC
15,271,728 sh
4,001,510 sh
36%
$2,070,846
$250,593
FMR LLC
9,008,681 sh
-1,928,968 sh
-18%
$1,221,577
-$544,962
Ark Investment Management LLC
8,306,493 sh
8,304,993 sh
553666%
$1,126,360
$1,126,118
Sumitomo Mitsui Trust Holdings, Inc.
7,626,373 sh
1,315,089 sh
21%
$1,034,136
$14,801
Loomis Sayles & Co L P
6,424,696 sh
6,424,612 sh
7648350%
$871,189
$871,175
Nikko Asset Management Americas, Inc.
6,251,517 sh
917,023 sh
17%
$852,394
-$16,062
Coatue Management LLC
5,903,194 sh
2,778,923 sh
89%
$800,473
$51,148
Fisher Asset Management, LLC
5,079,007 sh
1,687,083 sh
50%
$688,713
$140,883
Bank Of New York Mellon Corp
4,996,189 sh
1,284,782 sh
35%
$677,482
$78,052
Bank Of Montreal /Can/
4,964,874 sh
4,806,774 sh
3040%
$695,827
$669,657
Geode Capital Management, LLC
4,765,915 sh
990,374 sh
26%
$644,902
$36,279
Bank Of Montreal /Can/
Put options for 4,289,500 sh
4,289,500 sh
NEW
$601,173
$601,173
UBS Group Ag
Put options for 3,266,400 sh
3,266,400 sh
NEW
$442,924
$442,924
Northern Trust Corp
2,949,085 sh
361,308 sh
14%
$399,896
-$18,055
American Century Companies Inc
2,868,438 sh
386,830 sh
16%
$388,960
-$11,844
Allianz Asset Management Gmbh
2,764,458 sh
2,764,458 sh
NEW
$374,860
$374,860
Tiger Global Management LLC
2,738,276 sh
1,354,276 sh
98%
$371,310
$147,780
COMPANY PROFILE
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business

On December 10, 2021, Square, Inc. changed its name to Block, Inc. In conjunction with this name change, the Seller business and reportable segment was renamed “Square”. Block, Inc. (together with its subsidiaries, "Block" or the "Company") creates tools that empower businesses, sellers and individuals to participate in the economy. Square enables sellers to accept card payments and also provides reporting and analytics, and next-day settlement. Square’s point-of-sale software and other business services help sellers manage inventory, locations, and employees; access financing; engage buyers; build a website or online store; and grow sales. Cash App is an easy way for people to store, send, receive, spend, and invest money.

On March 1, 2021, Square Financial Services, Inc. ("Square Financial Services"), a wholly-owned subsidiary of the Company, began its banking operations after its industrial loan company charter was approved by the Federal Deposit Insurance Corporation ("FDIC") and the State of Utah. On April 30, 2021, the Company completed the acquisition of a majority ownership interest in TIDAL, a global music and entertainment platform that brings fans and artists together through unique music, content, and experiences. In the third quarter of 2021, the Company launched TBD, a bitcoin-focused business established to build an open developer platform with the goal of making it easy to create non-custodial, permissionless, and decentralized financial services. In 2019, the Company launched Spiral, a team solely focused on contributing to bitcoin open source work. The results of operations of TBD and Spiral are immaterial.

On January 31, 2022 (February 1, 2022 Australian Eastern Daylight Time), the Company completed the acquisition of Afterpay LTD (“Afterpay”), to strengthen its position to better deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes. See Note 8, Acquisitions for further details.

Block was founded in 2009 and has offices in the United States, Canada, Japan, Australia, Ireland, the United Kingdom, Spain, Lithuania, and Norway. As of 2021, we do not designate a headquarters location as we have adopted a distributed work model.

Basis of Presentation

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP). Our consolidated financial statements include the accounts of Block, Inc. our wholly-owned subsidiaries, and entities for which we control a majority of the entity’s outstanding common stock. We record non-controlling interest in our consolidated financial statements to recognize the minority ownership interest in our consolidated subsidiaries. Non-controlling interest in the earnings and losses of consolidated subsidiaries represent the share of net income or loss allocated to the minority interest holders of our consolidated entities, which includes the non-controlling interest share of net income or loss. We have eliminated significant intercompany transactions and accounts in our consolidated financial statements.

Use of Estimates

The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, as well as related disclosure of contingent assets and liabilities. Actual results could differ from the Company’s estimates. To the extent that there are material differences between these estimates and actual results, the Company’s financial condition or operating results will be materially affected. The Company bases its estimates on current and past experience, to the extent that historical experience is predictive of future performance and other assumptions t

Data imported from Block Inc. SEC filings. Check original filings before making any investment decision.