Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 139

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 139
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$— Interest income$6,316 $4,398 $841 Net loss$(16,104)$(7,952)$(14,076)December 31,20242023(In thousands)Cash and cash equivalents$126,757 $107,281 Other assets$1,015 $1,637 Total liabilities$151 $193 Net equity$127,621 $108,725 

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Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)

Note 7—Equity Method Investments (continued)Other equity method investmentsOur equity method investments also include an investment held by our bank, which amounted to $3.2 million and $3.5 million at December 31, 2024 and 2023, respectively. We recorded equity in (earnings) losses from this investment of approximately $(0.4) million, $1.4 million and $1.6 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Note 8—Property and Equipment

Property and equipment consisted of the following:December 31,20242023 (In thousands)Land$205 $205 Building605 605 Computer equipment, furniture, and office equipment43,273 40,962 Computer software purchased17,945 17,579 Capitalized internal-use software441,989 375,861 Tenant improvements7,227 7,277 511,244 442,489 Less accumulated depreciation and amortization(322,881)(263,113)Property and equipment, net$188,363 $179,376 The net carrying value of capitalized internal-use software was $178.3 million and $166.9 million at December 31, 2024 and 2023, respectively.Total depreciation and amortization expense was $63.4 million, $58.7 million and $57.1 million for the years ended December 31, 2024, 2023 and 2022, respectively. Included in those amounts are depreciation expense related to internal-use software of $54.7 million, $51.8 million and $49.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.

We recorded total impairment charges to property and equipment of $4.9 million and $4.