Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 110

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 110
---
 audit procedures included, among others, assessing a sample of contracts to determine whether terms that may impact revenue recognition were identified and properly considered in the Company’s evaluation of the accounting for the contracts, calculating revenue per transaction based upon the card revenues and other fees, interchange revenues, and cash transfer revenues recognized and relevant non-financial metrics for each revenue stream (e.g., purchase volumes and number of card activations) and comparing the revenue per transaction for each revenue stream to historical trends and expectations based on contractual rates and historical data. We tested revenue transaction details on a sample basis for certain card revenues and other fees revenue by agreeing such revenues and fees to third party supporting documentation.

/s/ Ernst & Young LLP

We have served as the Company’s auditor since 2005.

Los Angeles, California

March 3, 2025

58

GREEN DOT CORPORATION

CONSOLIDATED BALANCE SHEETSDecember 31,20242023Assets(In thousands, except par value)Current assets:  Unrestricted cash and cash equivalents$1,592,391 $682,263 Restricted cash44 4,239 Investment securities available-for-sale, at fair value24,152 33,859 Settlement assets616,172 737,989 Accounts receivable, net132,007 110,141 Prepaid expenses and other assets63,424 69,419 Total current assets2,428,190 1,637,910 Investment securities available-for-sale, at fair value2,008,650 2,203,142 Loans to bank customers, net of allowance for credit losses of $17,542 and $11,383 as of December 31, 2024 and 2023, respectively31,961 30,534 Prepaid expenses and other assets242,707 221,656 Property, equipment, and internal-use software, net188,363 179,376 Operating lease right-of-use assets10,823 5,342 Deferred expenses1,242 1,546 Net deferred tax assets124,405 117,139 Goodwill and intangible assets397,941 420,477 Total assets$5,434,282 $4,817,122 Liabilities and Stockholders’ Equity  Current liabilities:  Accounts payable$103,765 $119,870 Deposits4,010,520 3,293,603 Obligations to customers236,616