Block (SQ) Cash And Cash Equivalents

: $8,167 Mil (As of Dec. 2023)

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Block's quarterly cash and cash equivalents declined from Jun. 2023 ($8,098.54 Mil) to Sep. 2023 ($8,026.03 Mil) but then increased from Sep. 2023 ($8,026.03 Mil) to Dec. 2023 ($8,166.90 Mil).

Block's annual cash and cash equivalents increased from Dec. 2021 ($7,274.66 Mil) to Dec. 2022 ($7,724.53 Mil) and increased from Dec. 2022 ($7,724.53 Mil) to Dec. 2023 ($8,166.90 Mil).

Block Cash And Cash Equivalents Historical Data

The historical data trend for Block's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Block Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

1,723.41

5,195.89

7,274.66

7,724.53

8,166.90

Block Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																7,724.53	8,861.56	8,098.54	8,026.03	8,166.90

Block Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Block (NYSE:SQ) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Block Cash And Cash Equivalents Related Terms

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Block (SQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Block Inc (NYSE:SQ) » Definitions » Cash And Cash Equivalents

Comparable Companies

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BSQKZ:USA SQ:Mexico 1SQ:Italy 0L95:UK SQ3:Germany F8O:Germany F8O:Germany SQ3:Germany SQ3:Germany SQ3:Germany S2QU34:Brazil SQ2:Australia SQU:Austria

Address

1455 Market Street, Suite 600, San Francisco, CA, USA, 94103

Website

https://www.block.xyz

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.

Executives

Brian Grassadonia	officer: Cash App Lead	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Amrita Ahuja	officer: Chief Financial Officer	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Chrysty Esperanza	officer: Interim Counsel Lead	1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Ajmere Dale	officer: Chief Accounting Officer	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Roelof Botha	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Alyssa Henry	officer: Seller Lead	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Lawrence Henry Summers	director	JOHN F. KENNEDY SCHOOL OF GOVERNMENT, MAILBOX 8, 79 JFK STREET, CAMBRIDGE MA 02138
Neha Narula	director	1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Sivan Whiteley	officer: Gen. Counsel & Corp. Secretary	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Sharon Rothstein	director	C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Mckelvey James Morgan Jr.	director, 10 percent owner	2645 SOUTH BAYSHORE #802, MIAMI FL 33133
Carter Shawn Corey	director	C/O S. CARTER ENTERPRISES, LLC, 1411 BROADWAY, NEW YORK NY 10018
Jack Dorsey	director, 10 percent owner, officer: President, CEO & Chairman	C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Mary G Meeker	director	2750 SAND HILL ROAD, MENLO PARK CA 94025
David A Viniar	director	C/O GOLDMAN SACHS GROUP INC, 200 WEST STREET, NEW YORK NY 10282