Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 59

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 DOT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED) Three Months Ended March 31, 20252024 (In thousands)Operating activities  Net income$25,773 $4,750 Adjustments to reconcile net income to net cash provided by operating activities:  Depreciation and amortization of property, equipment and internal-use software15,184 16,432 Amortization of intangible assets5,200 5,664 Provision for uncollectible overdrawn accounts from purchase transactions2,864 7,623 Provision for loan losses11,127 4,788 Stock-based compensation3,021 8,625 Losses in equity method investments2,846 2,656 Realized loss on available-for-sale investment securities24,497 — Amortization of discount on available-for-sale investment securities(513)(563)Impairment of long-lived assets61 2,821 Other(1,499)(808)Changes in operating assets and liabilities:Accounts receivable, net499 13,193 Prepaid expenses and other assets1,720 17,033 Deferred expenses257 142 Accounts payable and other accrued liabilities11,988 5,786 Deferred revenue(1,695)(928)Income tax receivable/payable7,713 2,198 Other, net(322)(235)Net cash provided by operating activities108,721 89,177 Investing activities  Purchases of available-for-sale investment securities(80,741)— Proceeds from maturities of available-for-sale securities54,520 45,776 Proceeds from sales and calls of available-for-sale securities287 95 Payments for property, equipment and internal-use software(19,418)(14,495)Net changes in loans(17,631)(39,939)Investment in TailFin Labs, LLC— (35,000)Proceeds from other investments— 39,118 Other investing activities(474)(81)Net cash used in investing activities(63,457)(4,526)Financing activitiesBorrowings on notes payable14,860 — Borrowings on revolving line of credit— 64,000 Repayments on revolving line of credit— (80,000)Taxes paid related to net share settlement of equity awards(2,429)(1,400)Net changes in