Square, Inc. (SQ) financial statements (2021 and earlier)

Company profile

Business Address 1455 MARKET STREET
SAN FRANCISCO, CA 94103
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5401,170866512
Cash and cash equivalents1,047583696452
Short-term investments49258617060
Restricted cash and investments 342922
Receivables342296
Inventory, net of allowances, customer advances and progress billings48291714
Inventory48291714
Other current assets2501658656
Other undisclosed current assets1,348693772391
Total current assets:3,2202,1121,7781,001
Noncurrent Assets
Operating lease, right-of-use asset113
Property, plant and equipment1491429188
Long-term investments and receivables53746520427
Long-term investments53746520427
Intangible assets, net (including goodwill)3353397376
Goodwill2662625857
Intangible assets, net (excluding goodwill)69771419
Restricted cash and investments 161015
Other noncurrent assets19658313
Other undisclosed noncurrent assets 149  
Total noncurrent assets:1,3311,169409210
TOTAL ASSETS:4,5513,2812,1871,211
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29413618452
Accounts payable42 1713
Accrued liabilities128825240
Employee-related liabilities28   
Settlement liabilities9654115 
Deferred revenue38
Debt27531
Customer advances and deposits 44
Other liabilities 992874
Other undisclosed current liabilities1,334778758407
Total current liabilities:1,6941,019973577
Noncurrent Liabilities
Long-term debt and lease obligation1,048902359 
Long-term debt, excluding current maturities939900359 
Capital lease obligations2  
Operating lease, liability109
Liabilities, other than long-term debt94937058
Other liabilities94937058
Other undisclosed noncurrent liabilities 147  
Total noncurrent liabilities:1,1421,14242858
Total liabilities:2,8362,1611,401635
Stockholders' equity
Stockholders' equity attributable to parent1,7151,121786576
Additional paid in capital2,2242,0121,6301,357
Accumulated other comprehensive income (loss)2(6)(1)(2)
Accumulated deficit(510)(886)(843)(779)
Total stockholders' equity:1,7151,121786576
TOTAL LIABILITIES AND EQUITY:4,5513,2812,1871,211

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues4,7143,2982,2141,709
Revenue, net2,2141,709
Cost of revenue(2,824)(1,994)(1,375)(1,133)
Gross profit:1,8901,304839576
Operating expenses(1,732)(1,340)(894)(746)
Other undisclosed operating loss(131)   
Operating income (loss):27(37)(54)(170)
Nonoperating income (expense)37318(8)1
Investment income, nonoperating373   
Other nonoperating income (expense)(0)18  
Interest and debt expense (5)  
Income (loss) from continuing operations before equity method investments, income taxes:400(23)(63)(170)
Other undisclosed loss from continuing operations before income taxes(22)(13)  
Income (loss) from continuing operations before income taxes:378(36)(63)(170)
Income tax expense(3)(2)(0)(2)
Net income (loss) available to common stockholders, diluted:375(38)(63)(172)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):375(38)(63)(172)
Comprehensive income (loss):375(38)(63)(172)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8(5)1(1)
Comprehensive income (loss), net of tax, attributable to parent:383(43)(62)(172)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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