CoinShares PLC

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net Income (loss) $581.0m $586.6m $437.0m $616.0m $951.0m $815.0m $75.8m $162.4m $114.3m
Unrealized loss (gain) on derivatives not designated as hedging instruments included in net income $15.8m ($15.5m) ($5.4m) $7.7m $17.3m ($40.4m) $34.4m ($5.0m) $37.7m
Net Income From Continuing Operations $629.6m $114.3m
Depreciation and amortization $158.4m $169.0m $173.8m $167.9m $173.2m $175.7m $4.0m $3.0m $3.1m
Depreciation, amortization, and impairment $374.2m $357.1m $453.0m $652.0m $574.0m $625.0m $586.0m $595.0m $722.0m
Amortization of debt discount and deferred financing costs $5.0m $5.1m $6.0m $8.0m $10.0m $2.0m $4.0m $10.0m $36.0m
Inventory step-up amortization $0 $0 $133.0m
Amortization of deferred gain on sale and leasebacks ($1.9m) ($4.4m) ($7.0m) $0 $0
Amortization Cash Flow $1.2m $2.1m $2.3m
Deferred income taxes, net ($29.1m) ($73.5m) $73.0m ($114.0m) $4.0m ($33.0m) ($57.0m) ($37.0m) ($125.0m)
Deferred taxes ($41.4m) ($14.0m) $6.8m ($106.9m) ($10.3m) $22.9m $114.9m ($94.4m) $42.0m
Deferred Tax $1.4m $446k $731k $918k
Impairment of equity method investments $270k $74k
Share-based compensation $26.5m $21.0m $19.0m $34.0m $58.0m $63.0m $1.3m $12.4m $2.8m
Share-based compensation settled in equity $1.7m $304k
Purchase of treasury shares and tax withholdings for share-based incentive plans ($143.0m) ($221.0m) ($51.0m) ($122.0m)
Russia and Ukraine impairment $0 $0 $276.0m $0 $0
Impairment of goodwill $9.6m $0 $7.5m $100.8m $0 $0 $5.6m $0 $0
Impairment of long-lived assets $19.9m $0 $0
Net gain on disposal of property, plant, and equipment ($18.2m) ($16.0m) ($4.0m) ($10.0m) ($3.0m) ($5.0m) ($11.0m) ($7.0m)
Net gain on disposal of property, plant and equipment ($9.8m) ($18.2m) ($16.0m)
Loss (gain) on early extinguishment of debt noncash adjustment $0 ($6.8m) $515k $123k
(Gain) loss on early extinguishment of debt $0 ($17.4m) $0 $0 ($48.3m) $0 $6.8m
Digital assets revenue ($82.9m) ($148.8m) ($157.2m)
Loss/(gain) on digital assets and digital asset ETPs ($1.7b) ($2.9b) $982.8m
(Gain)/loss on certificate liabilities $1.7b $2.9b ($802.7m)
Other operating gains/(losses) $400k ($78.0m) $0 ($83.0m) $106.0m $28.4m ($19.8m) ($206.3m)
Digital asset trading expenses $148k $133k $104k
Loss/(gain) on treasury digital assets ($3.5m) $4.7m
Allowance for credit losses $1.9m ($1.1m)
Fair value loss/(gain) on investments ($16.0m) ($997k) $1.6m
Other non-cash adjustments $2.9m $4.7m $9.2m $11.2m $7.0m $27k $649k $61k
Accounts payable $137.5m $137.0m $120.0m ($48.0m) $342.0m $711.0m ($429.0m) ($43.0m) $220.0m
Proceeds from issuance of ordinary shares $23.8m $28.1m $19.0m $1.0m $30.0m $114.0m $134.0m $0 $15.0m
Proceeds from issuance of fund units $316k
Proceeds from exercise of share options $10k $571k $471k
Cash at beginning of period $561.5m $621.0m $602.0m $850.0m $775.0m $32.5m $24.9m $30.4m
Purchases of share options ($51k) ($5.5m)
Repurchase of ordinary shares ($50.0m) $0 $0 ($537.0m) ($351.0m) ($601.0m) ($5.3m) ($344k) ($10.6m)
Net sales/(purchases) of digital assets ($72.1m) $1.2b $1.2b
Net redemption of XBT Certificate Liabilities ($123.5m) ($766.3m) ($971.1m)
Digital asset ETPs, trade receivables and other assets $102.1m ($454.9m) ($76.4m)
Trade payables, lease and other liabilities $1.1m $4.7m
Amounts due to brokers $835k $98.3m $70.0m
Current tax liabilities ($22.3m) ($68.2m) $97.0m $8.0m $11.0m $123.0m ($96k) ($39k) ($226k)
Purchases of intangible assets ($197k) ($308k) ($64k) $0 ($1.5m) ($1.5m) ($1.7m)
Proceeds from disposals of intangible assets $363k
Purchases of property and equipment ($379.3m) ($365.0m) ($332.2m) ($50.5m) ($38.5m) ($54.0m) ($136k) ($229k) ($338k)
Proceeds from disposals of property and equipment $82.9m $137.0m $84.7m $72k $75k
Cash paid for acquisitions, net of cash acquired ($335.6m) $0 $41.9m ($4.3m) $0 $0 ($121.0m) ($429k) ($1.7b)
Cash received for interest $188.0m $209.4m $219.8m $72.9m $117.0m $98.1m $8.0m $8.5m $1.7m
Net transfers to treasury digital assets $12.2m $22.8m
Acquisition of right-of-use assets $3.8m $809k
Net periodic benefit cost $80.2m $7.7m $13.0m $10.0m $15.0m $12.0m $11.0m $12.0m $32.0m
Net gain on disposal of businesses $0 $0 ($159.0m) $0 ($44.0m) $0 ($220.0m) $0 ($8.0m)
Equity in (income)/loss of affiliated companies ($14.1m) $17.5m ($4.0m) $14.0m ($19.0m) $0 $0 $4.0m ($3.0m)
Net foreign exchange loss ($35.3m) $85.9m ($5.0m) ($16.0m) $21.0m ($14.0m) $28.0m $27.0m $9.0m
Loss from highly inflationary accounting for Argentine subsidiaries $0 $0 $30.0m $38.0m $27.0m $22.0m $62.0m $106.0m $27.0m
Trade receivables ($13.2m) $700k ($84.0m) $133.0m ($189.0m) ($272.0m) $93.0m ($43.0m) ($228.0m)
Inventories ($48.1m) ($95.0m) $3.0m $26.0m ($112.0m) ($626.0m) $248.0m $95.0m $0
Prepaid expenses and other current assets ($21.4m) ($10.0m) ($52.0m) ($23.0m) ($90.0m) ($67.0m) ($54.0m) ($5.0m) ($57.0m)
Accrued employee costs ($5.1m) ($53.9m) ($32.0m) $81.0m $29.0m ($20.0m) ($84.0m) $8.0m $47.0m
Employee benefit obligations ($68.5m) ($36.4m) ($25.0m) ($33.0m) ($40.0m) ($35.0m) ($25.0m) ($39.0m) ($47.0m)
Other, net ($5.1m) $3.3m ($21.0m) ($5.0m) $2.0m ($21.0m) ($35.0m) ($19.0m) ($28.0m)
Issuance of loans to affiliated companies and other ($700k) ($1.0m) $0 $0 ($5.0m) ($1.0m) $0 $0
Investments in affiliated companies and other $0 ($13.2m) $0 $0 ($5.0m) ($12.0m) ($56.0m) ($3.0m) $0
Purchase of non-controlling interest ($100k) $4.0m $4.0m ($8.0m) $0 $0 $0 ($2.0m)
Financing-related transaction fees $0 $0 ($11.0m)
Net borrowing/(repayment) of commercial paper $16.3m ($558.0m) $1.7b ($235.0m) $638.0m $94.0m ($1.0b) $228.0m
Repayment of lease liabilities ($1.7m) ($3.5m) ($2.0m) ($2.0m) ($2.0m) ($5.0m) ($11.0m) ($11.0m) ($12.0m)
Purchase of treasury shares ($40.2m) ($35.7m) ($20.0m) ($67.0m) ($8.0m) ($143.0m) ($221.0m)
Settlement of forward contracts ($43.6m) ($39.0m) ($28.0m) $0 $0
Remeasurement gain on purchase of subsidiary ($18.6m) $0 $0
(Issuance)/repayment of loans to/from affiliated companies $0 ($700k) ($500k)
Proceeds from sale of affiliated companies and subsidiaries $0 $0 $216.3m
Net contribution of non-controlling interest ($600k) ($100k) $3.6m $4.0m $4.7m ($4.0m) ($3.7m) ($549k) ($821k)
Prepaid expenses and other assets $521k ($2.5m) $4.5m $11.9m ($2.6m) ($6.0m) $1.8m $15.6m $7.8m
Accrued expenses and other liabilities ($20.7m) ($42.5m) $11.8m $36.8m $23.2m $33.6m ($17.9m) ($14.0m) $34.0m
Capitalization of software and website development costs ($37.3m) ($40.8m) ($48.7m) ($44.0m) ($60.9m) ($65.3m) ($57.8m) ($58.3m) ($64.1m)
Purchases of marketable securities $0 $0 $203.6m $0 ($84.0m) $0 $0
Proceeds from the settlement of derivatives designated as hedging instruments $0 $12.0m ($29.8m) ($3.3m) $2.2m $0 $0 $5.4m
Proceeds from issuance of senior notes $0 $400.0m $0 $210.5m $0 $0 $0 $0 $525.0m
Payments for early redemption or purchase of 7.0% Senior Notes due 2026 $0 $275.0m $0 $0 ($45.0m) ($24.5m) ($522.1m)
Payments of early redemption fees for senior notes $0 $14.4m $0 $0 ($309.0m) $0 ($45.0m) ($24.5m)
Payments of purchase consideration included in acquisition-date fair value $539k ($2.1m) $3.3m $358k $1.2m ($43.6m) $7.1m $0 $0
Payments of withholding taxes in connection with equity awards ($14.6m) ($19.7m) ($6.0m) ($41.7m) ($5.8m) ($3.2m) ($4.4m) ($16.4m) ($21.9m)
Change in cash held for sale ($12.0m) $0 $0
Interest Received, Operating Activities $1.9m $3.2m $11.5m $14.2m $12.4m
Payments to Acquire Equipment on Lease $14.4m $7.5m $11.9m $1.6m $7.0m $7.0m $20.3m $4.6m $3.3m
Capitalized Software Development Costs Incurred but Not yet Paid $0 $2.8m $124k $185k $125k $402k
Amounts accrued related to business acquisitions $46.1m $5.9m $5.6m $2.3m $45.0m $8.4m $0 $0
Proceeds from Term Loan B $0 $0 $1.1b $0 $0
Proceeds from issuance of 12% Senior Secured Notes due 2025 $0 $0 $271.6m $0 $0
Proceeds from issuance of warrants $0 $0 $22.4m $0 $0
Payments of finance lease obligations ($15.9m) ($17.6m) ($17.1m) ($9.5m) ($8.0m)
Capitalization of construction costs related to financing lease obligation (1) $0 $19.3m $13.4m $0
(Gain) on sale of subsidiaries $0 $47.5m $0 $0
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability ($39.4m) $1.8m $0 ($54k)
Change in contingent earn-out liability $0 $4.6m $0 $0
Issuance of loans $0 ($21.0m) $0 $0
Abandonment of long-lived assets $2.4m $0 $0
Gain on sale of available-for-sale securities $2.3m $0 $0
Proceeds from sale of available-for-sale securities ($6.3m) $0 $0
Realized loss on derivatives designated as hedging instruments $0 $0 $12.0m
Proceeds from Contributed Capital $1.4m $0 $0
Increase (Decrease) in Assets Held-for-sale ($12.0m) $12.0m $0
Beginning Cash Position ($197.2m) $24.9m
Change In Payable ($608.0m) $74.5m
Change In Receivables $105.6m ($433.1m)
Financing Cash Flow $24.3m ($40.8m)
Gain Loss On Sale Of PPE $3.4b ($2.4b)
Interest Received CFI $14.7m $15.7m $10.6m $8.3m
Issuance Of Capital Stock ($251k) $0
Net Business Purchase And Sale ($24.5m) $0 $0
Net Foreign Currency Exchange Gain Loss $0 $0 ($4.0m) ($21.6m)
Net Intangibles Purchase And Sale ($843k) ($1.7m)
Net PPE Purchase And Sale ($159k) ($338k)
Other Cash Adjustment Outside Changein Cash ($1) ($1)
Purchase Of Business ($24.5m) $0 $0
Purchase Of Intangibles ($851k) ($1.7m)
Purchase Of PPE ($396k) ($338k)
Repurchase Of Capital Stock ($276k) ($10.6m)
Sale Of Business $11k $0 $27k
Sale Of Intangibles $8k $0
Sale Of PPE $237k $0
Stock Based Compensation $1.5m $2.8m
Net cash used in operating activities $908.9m $871.4m $776.0m $1.4b $1.5b $1.5b ($122.1m) $17.3m $123.6m
Purchase of property, plant, and equipment, and other intangible assets ($365.0m) ($332.0m) ($400.0m) ($468.0m) ($527.0m) ($526.0m) ($492.0m) ($580.0m)
Proceeds from sales of property, plant, and equipment, and other intangible assets $4.5m $137.0m $85.0m $13.0m $26.0m $18.0m $30.0m $39.0m $18.0m
Capital Expenditures Incurred but Not yet Paid $8.4m $4.5m $12.8m $9.4m $10.0m $11.4m
Business acquisitions, net of cash acquired $0 $42.0m $0 $0
Purchases of other investments ($588k) ($55k) ($4.5m)
Proceeds from sale of other investments $56k $5.2m
Proceeds from maturity of held-to-maturity investments $151.2m $92.1m $38.7m $4.5m
Proceeds from divestitures, net of cash divested $425.0m $214.0m ($1.0m) $365.0m $0 $113.0m
Proceeds from divestitures $0 $216.0m $425.0m $214.0m
Proceeds from the sale of subsidiaries, net of transaction costs and cash divested $0 $93.8m $0 ($1.1m) $0 $0 ($4.1m) $0 $0
Other investing activities $3.9m ($3.1m) ($345k) $1.6m ($269k) ($617k) ($277k) $0 $0
Net cash (used in) / provided by investing activities ($632.0m) ($241.9m) $10.0m $38.0m ($233.0m) ($527.0m) ($1.7m) $3.1m ($6.6m)
Proceeds from issuance of long-term debt $4.0b $607.1m $3.2b $3.2b $790.0m $1.1b $522.0m $1.0b $2.2b
Proceeds from borrowings of debt $737.1m $806.0m $1.1b $1.3b $665.7m $0 $48.3m $205.8m $41.7m
Payments of debt issuance costs ($229k) ($10.6m) ($2.7m) ($22.6m) ($12.0m) ($1.4m) ($51k) ($2.1m) ($11.6m)
Issuance Of Debt $0 $26.1m
Long Term Debt Issuance $0 $26.1m
Repayment of long-term debt ($3.7b) ($744.5m) ($3.1b) ($4.2b) ($530.0m) ($1.2b) ($77k) ($2.8m) ($506.0m)
Net repayment of short-term debt $155.4m $379.0m ($585.0m) ($123.0m) $15.0m ($58.0m) ($10.0m) ($16.0m)
Net borrowing/(repayment) of short-term debt $114.0m $155.4m $379.2m
Payments of debt ($539.9m) ($974.8m) ($947.7m) ($1.3b) ($1.2b) ($14.5m) ($61.3m) ($219.7m) ($57.9m)
Common Stock Issuance ($251k) $0
Common Stock Payments ($276k) ($10.6m)
Net (Loss) Income, Including Portion Attributable to Noncontrolling Interest ($72.2m) $46.8m $93.5m $84.0m ($82.5m) ($50.6m) ($185.7m) $177.8m $12.9m
Purchase of noncontrolling interests ($20.2m) ($1.1m) ($85.5m) $0 $5.1m ($2.2m) $95.6m $65k $4.1m
Proceeds from sale of noncontrolling interest $0 $35.4m $57.0m $0 $0
Distribution to noncontrolling interest $0 $0 ($3.4m)
Dividends paid ($489.1m) ($526.8m) ($680.0m) ($761.0m) ($742.0m) ($732.0m) ($723.0m) ($42.0m) ($25.1m)
Dividends received from affiliated companies $50.4m $8.7m $8.0m $7.0m $4.0m $0 $0
Common Stock Dividend Paid $0 ($32.8m)
Other financing activities $1.3m $0 $2.1m ($1.8m) ($684k) ($112k) ($285k) $0 $88k
Net Other Financing Charges $853k $96.7m
Net cash provided by financing activities ($223.0m) ($542.7m) ($765.0m) ($1.2b) ($1.2b) ($891.0m) ($5.3m) ($44.2m) ($40.8m)
Effect of exchange rate changes ($19.2m) ($1.5m) $16.3m ($36.9m)
Effect of exchange rates on cash and cash equivalents ($8.1m) ($27.5m) $1.0m ($45.0m) $58.0m ($108.0m) ($88.0m) ($89.0m) $41.0m
Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency ($5.7m) $19.5m ($4.4m) ($802k) $240k $537k ($12.0m) $116k ($25.1m)
Effect of exchange rate changes on cash $788k $2.5m ($1.9m) ($3.6m) $3.0m
Net increase in cash held ($129.1m) ($23.9m) $76.3m
Net increase/(decrease) in cash and cash equivalents $45.8m $59.3m ($19.0m) $141.0m $107.0m ($75.0m) ($161.0m) ($101.0m) $239.0m
Net increase in cash and cash equivalents ($51.7m) $18.5m ($8.9m)
Cash and cash equivalents balance at beginning of the fiscal year $850.0m $850.0m $689.0m $588.0m
Cash and cash equivalents classified as held for sale $0 ($41.0m) $0 $0 ($75.0m) $0 $0
Cash and cash equivalents classified as held for sale assets $0 $0 ($41.6m)
Cash and cash equivalents balance at beginning of year $515.7m $561.5m $620.8m $35.3m $45.0m
Cash paid for interest $45.3m $56.6m $63.9m ($17k) $8.2m $11.0m $7.7m
Cash paid for income taxes $160.2m $149.7m $147.7m $811k $974k $674k
Income Taxes (Received) Paid $49.3m $32.3m $26.4m $13.5m $27.9m $33.0m $31.2m $49.4m $33.3m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.