Green dot corp (GDOT)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets:
Unrestricted cash and cash equivalents

1,563,740

1,063,426

861,275

1,096,498

1,676,470

1,094,728

1,037,617

1,117,937

1,268,137

919,243

708,265

594,538

785,838

732,676

597,532

570,119

739,751

772,128

606,674

763,870

878,244

724,158

632,640

679,519

747,649

423,498

328,879

406,110

370,159

293,590

164,418

121,349

117,644

223,033

198,294

172,961

167,503

Federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

1

481

481

480

480

488

492

190

123

922

919

3,001

3,001

3,000

1,771

1,976

2,400

-

-

0

Restricted cash

2,567

2,728

3,103

4,117

4,355

500

559

757

86,608

90,852

62,374

49,360

20,057

12,085

40,137

8,921

6,374

5,793

6,512

4,665

4,841

2,015

3,866

3,841

-

0

-

-

-

-

-

-

-

-

-

-

-

Investment securities available-for-sale, at fair value

10,003

10,020

15,027

20,017

19,981

19,960

14,946

15,000

15,875

11,889

22,333

31,057

24,605

46,686

39,352

48,914

56,092

49,106

80,386

76,746

30,482

46,650

136,157

92,158

103,011

116,159

138,407

103,713

100,742

115,244

72,611

73,063

69,744

20,647

22,190

25,988

0

Settlement assets

281,197

239,222

193,032

334,788

339,220

153,992

291,113

208,151

179,520

209,399

163,866

131,412

116,352

137,083

84,918

121,180

108,694

69,165

45,782

46,855

45,904

148,694

55,684

63,863

60,812

37,004

38,400

48,694

48,459

36,127

43,650

35,493

34,647

27,355

23,280

17,070

19,968

Accounts receivable, net

61,590

59,543

34,939

28,199

34,108

40,942

27,405

24,840

29,337

35,277

21,456

15,843

21,319

40,150

24,879

28,449

27,652

42,153

21,775

23,193

38,154

48,917

33,179

33,488

33,148

46,384

48,208

46,035

50,561

40,441

43,428

44,637

46,996

41,307

30,399

29,320

33,412

Prepaid expenses and other assets

57,071

66,183

46,624

49,548

49,010

57,070

46,150

42,057

53,219

47,086

36,111

32,725

32,266

32,186

27,800

30,800

37,012

30,511

36,954

30,142

26,326

22,458

28,009

24,366

30,134

27,332

26,310

14,926

25,204

31,952

21,417

22,781

15,648

11,822

10,887

9,217

8,608

Income tax receivable

1,584

870

0

0

0

8,772

5,071

0

0

7,459

0

0

0

12,570

8,955

0

0

6,434

0

0

0

16,290

5,186

1,617

6,936

15,573

3,590

0

0

7,386

825

2,705

1,612

3,371

6,811

4,237

15,004

Net deferred tax assets, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,338

2,338

2,338

2,478

6,656

6,650

6,671

6,664

4,927

4,911

5,398

Total current assets

1,977,752

1,441,992

1,154,000

1,533,167

2,123,144

1,375,954

1,422,861

1,408,742

1,632,696

1,321,205

1,014,405

854,935

1,000,437

1,013,436

823,573

808,383

975,576

975,291

798,564

945,952

1,024,431

1,009,662

895,209

899,344

981,880

666,073

587,054

622,735

600,464

530,219

356,005

308,449

294,938

336,599

296,788

263,704

249,893

Investment securities available-for-sale, at fair value

297,522

267,419

230,192

223,968

205,599

181,223

208,931

176,030

132,673

141,620

156,513

172,639

159,204

161,740

180,624

158,436

138,368

132,433

133,500

122,433

89,801

73,781

77,319

78,237

57,201

82,585

97,779

68,754

62,443

68,543

73,777

67,685

68,316

10,563

7,701

14,039

0

Loans to bank customers, net of allowance for loan losses of $1,057 and $1,166 as of March 31, 2020 and December 31, 2019, respectively

19,641

21,417

20,906

21,403

18,943

21,363

21,917

21,628

19,713

18,570

19,791

8,822

7,258

6,059

5,697

5,894

6,274

6,279

6,607

6,451

6,815

6,550

6,817

6,680

6,566

6,902

6,522

7,226

7,228

7,552

7,688

8,292

9,159

10,036

-

-

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,182

2,182

2,152

2,257

2,287

2,287

2,970

667

637

634

634

12,784

13,048

13,041

12,926

10,294

10,294

5,135

Accounts receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

71

74

0

5,913

4,844

6,112

10,913

10,931

6,539

4,856

4,135

4,147

3,696

3,658

2,549

Prepaid expenses and other assets

46,038

10,991

8,201

7,034

8,777

8,125

7,657

7,930

8,157

8,179

7,088

6,592

5,190

4,142

11,358

3,594

4,102

6,416

11,756

11,052

11,865

6,034

8,444

2,434

2,114

1,081

1,496

1,514

2,053

1,530

1,666

1,790

1,523

202

649

697

643

Property and equipment, net

147,530

145,476

139,246

131,710

126,954

120,269

110,205

104,716

100,358

97,282

91,623

88,026

88,428

82,621

81,615

80,076

79,128

78,877

78,086

76,705

79,809

77,284

62,804

61,339

56,761

60,473

62,599

58,363

58,098

58,376

52,205

36,006

31,471

27,281

24,838

22,345

18,034

Operating lease right-of-use assets

25,043

26,373

28,877

31,251

15,480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred expenses

10,502

16,891

6,763

7,567

13,033

21,201

8,008

9,348

14,608

21,791

10,668

10,444

14,128

16,647

6,210

6,191

9,396

14,509

5,979

7,805

11,526

17,326

9,187

9,067

11,891

15,439

6,946

7,722

9,784

12,510

6,923

7,217

9,771

12,604

7,831

7,187

9,504

Net deferred tax assets

9,097

9,037

10,867

10,984

11,275

7,867

6,691

6,620

6,639

6,507

4,651

4,648

4,648

4,648

3,471

3,572

3,580

3,864

8,236

8,557

2,648

4,299

3,334

3,304

3,335

3,362

4,558

4,666

4,579

4,629

-

-

-

0

-

-

-

Goodwill and intangible assets

513,324

520,994

528,861

534,964

542,941

551,116

557,790

565,965

574,141

582,377

590,561

598,745

600,800

451,051

456,796

462,541

468,286

473,779

478,619

484,383

494,457

417,200

50,763

51,055

30,644

30,676

30,708

30,740

30,772

30,804

43,514

43,540

41,481

11,501

-

-

0

Total assets

3,046,449

2,460,590

2,127,913

2,502,048

3,066,146

2,287,118

2,344,060

2,300,979

2,488,985

2,197,531

1,895,300

1,744,851

1,880,093

1,740,344

1,569,344

1,528,687

1,684,710

1,691,448

1,521,347

1,665,520

1,723,549

1,614,288

1,116,205

1,113,821

1,152,679

875,474

803,173

808,469

786,968

725,728

561,101

490,883

473,835

425,859

351,797

321,924

285,758

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable

37,366

37,876

47,334

35,015

47,072

38,631

30,205

39,693

32,398

34,863

26,688

27,462

27,719

22,856

15,457

15,720

21,823

37,186

15,563

19,729

24,793

36,444

23,275

19,902

25,654

34,940

21,047

15,860

18,933

31,411

30,520

26,103

29,930

15,441

19,479

15,942

17,625

Deposits

1,616,355

1,175,341

888,870

1,171,676

1,624,732

1,005,485

1,006,202

1,068,067

1,293,272

1,022,180

834,684

704,324

826,361

737,414

592,975

558,046

636,934

652,145

500,022

608,081

644,273

565,401

441,860

459,594

526,349

219,580

189,261

201,359

222,022

198,451

38,529

32,923

39,472

38,957

-

-

0

Obligations to customers

84,044

69,377

65,959

169,139

189,671

58,370

144,278

75,269

69,874

95,354

60,715

44,554

34,269

46,043

42,280

35,301

51,056

61,300

84,762

55,321

70,797

98,052

72,137

79,391

78,313

65,449

56,871

67,749

61,204

46,156

23,137

-

-

0

-

-

-

Settlement obligations

5,892

13,251

11,928

27,509

20,351

5,788

14,885

13,078

11,672

6,956

5,153

4,353

4,189

4,877

3,866

2,947

4,771

5,074

3,674

4,300

4,288

4,484

3,118

4,063

2,437

4,839

10,206

17,617

16,940

3,639

43,650

35,493

34,647

27,355

23,280

17,070

19,968

Amounts due to card issuing banks for overdrawn accounts

291

380

556

542

1,370

1,681

2,274

1,819

1,239

1,371

1,301

1,220

1,259

1,211

1,618

1,531

1,469

1,067

980

1,721

2,393

1,224

846

539

170

49,930

52,260

52,139

53,178

50,724

49,117

45,651

42,947

42,153

40,848

39,948

35,068

Other accrued liabilities

118,602

107,842

91,329

82,293

120,056

134,000

137,516

108,600

105,640

123,397

92,856

94,671

92,999

102,426

96,513

102,305

95,910

87,635

63,100

69,901

74,678

79,137

51,647

48,334

42,349

35,878

27,172

30,562

29,089

29,469

32,186

23,000

19,573

16,248

14,232

15,305

21,633

Operating lease liabilities

8,052

8,764

7,811

7,990

5,909

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

19,094

28,355

15,583

16,072

24,034

34,607

18,195

19,642

22,999

30,875

14,171

13,665

18,791

25,005

10,421

10,227

15,468

22,901

10,200

13,749

18,825

24,418

12,985

14,173

18,363

24,517

13,663

16,824

14,852

19,557

10,996

11,862

16,054

21,500

13,077

12,698

17,214

Debt

-

-

0

0

0

58,705

20,906

20,906

20,906

20,906

20,906

20,966

70,966

20,966

20,966

20,966

20,966

20,966

22,500

22,500

22,500

20,966

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Income tax payable

16,607

3,948

17,519

12,247

7,040

67

68

49

2,818

74

2,201

12,012

9,080

0

-

4,950

12,212

-

171

11,213

7,819

-

-

-

-

-

-

6,204

446

-

-

-

-

-

-

-

-

Total current liabilities

1,906,303

1,445,134

1,146,889

1,522,483

2,040,235

1,337,334

1,374,529

1,347,123

1,560,818

1,335,976

1,058,675

923,227

1,085,633

960,798

784,096

751,993

860,609

888,274

705,224

810,768

873,723

830,126

609,578

629,712

697,351

438,849

370,480

408,314

416,664

379,407

228,135

175,032

182,623

161,654

110,916

100,963

111,508

Other accrued liabilities

9,997

10,883

13,843

15,411

18,522

30,927

26,985

21,100

31,612

30,520

28,995

30,508

32,326

12,330

24,744

20,737

31,233

37,894

41,226

40,254

40,369

31,495

31,130

31,865

28,951

34,076

41,545

32,287

21,818

18,557

12,374

9,748

7,595

6,239

5,323

5,304

3,737

Operating lease liabilities

23,096

24,445

27,201

29,445

15,878

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

100,000

35,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175

-

225

250

275

300

325

-

-

0

0

6

13

19

25

31

44

Note payable

-

-

-

-

-

-

43,025

48,252

53,478

58,705

63,931

69,098

74,325

79,720

84,961

90,203

95,445

100,686

110,625

116,250

121,875

121,651

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Net deferred tax liabilities

19,048

17,772

12,796

12,796

12,796

9,045

7,791

7,791

7,786

7,780

3,683

3,779

3,782

3,763

1,086

1,634

1,505

1,272

4,252

4,253

3,357

2,026

3,710

3,716

3,716

3,716

-

-

-

0

-

-

-

0

-

-

-

Deferred Tax Liabilities, Net, Noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,295

6,270

4,778

4,751

5,010

5,010

5,338

Total liabilities

2,058,444

1,533,234

1,200,729

1,580,135

2,087,431

1,377,306

1,452,330

1,424,266

1,653,694

1,432,981

1,155,284

1,026,612

1,196,066

1,056,611

894,887

864,567

988,792

1,028,126

857,075

967,272

1,036,142

985,298

640,933

661,827

726,577

473,225

412,350

440,601

438,482

397,964

246,804

191,056

195,009

172,663

121,274

111,308

120,627

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity:
Class A common stock, $0.001 par value; 100,000 shares authorized as of March 31, 2020 and December 31, 2019; 52,854 and 51,807 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

53

52

52

52

53

53

53

52

52

51

51

50

50

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock at cost, 1,856 shares as of September 30, 2015 and no shares outstanding as of December 31, 2014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-32,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

306,151

296,224

297,593

291,958

384,447

380,753

378,103

367,454

356,052

354,789

342,770

334,434

319,468

358,155

346,951

338,597

378,722

379,376

406,052

408,522

400,814

383,296

228,710

219,258

207,763

199,251

188,804

172,007

163,783

158,656

152,783

148,986

139,918

131,383

122,760

116,125

95,433

Retained earnings

675,604

629,040

627,347

627,878

593,186

529,143

514,871

510,298

480,471

410,440

397,582

383,943

364,677

325,708

327,053

325,013

316,986

284,108

290,181

290,002

286,506

245,693

246,539

232,648

218,305

203,000

201,964

195,851

184,556

168,960

161,361

150,748

138,857

121,741

107,732

94,429

69,658

Accumulated other comprehensive income

6,197

2,040

2,192

2,025

1,029

-137

-1,297

-1,091

-1,284

-730

-387

-188

-168

-181

403

459

158

-215

-15

-330

33

-52

-22

43

-10

-47

11

-33

104

106

110

50

9

30

-9

22

0

Total stockholders’ equity

988,005

927,356

927,184

921,913

978,715

909,812

891,730

876,713

835,291

764,550

740,016

718,239

684,027

683,733

674,457

664,120

695,918

663,322

664,272

698,248

687,407

628,990

475,272

451,994

426,102

402,249

390,823

367,868

348,486

327,764

314,297

299,827

278,826

253,196

230,523

210,616

165,131

Total liabilities and stockholders’ equity

3,046,449

2,460,590

2,127,913

2,502,048

3,066,146

2,287,118

2,344,060

2,300,979

2,488,985

2,197,531

1,895,300

1,744,851

1,880,093

1,740,344

1,569,344

1,528,687

1,684,710

1,691,448

1,521,347

1,665,520

1,723,549

1,614,288

1,116,205

1,113,821

1,152,679

875,474

803,173

808,469

786,968

725,728

561,101

490,883

473,835

425,859

351,797

321,924

285,758