7Baggers

Bakkt Quarterly Cash Flow Statements Chart

Quarterly
 | 
Annual
 
 Operating Cash Flow  
 Investing Cash Flow  
 Financing Cash Flow  
 Free Cash Flow  
 Capital Expenditure  
20210331 20210630 20210930 20211015 20220331 20220630 20220930 20221231 20230331 20230630 20230930 20231231 20240331 -82.92-65.59-48.27-30.94-13.623.721.0338.35Milllion

Bakkt Quarterly Cash Flow Statements Table

Quarterly
 | 
Annual
 
Unit: USD2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-10-15 2021-09-30 2021-06-30 2021-03-31 
               
  cash flows from operating activities:             
  net income-21,275,000 -78,693,000 -51,753,000 -50,507,000 -44,859,000 -326,425,000 -1,592,547,000 -27,641,000 -43,321,000 -151,941,894   -33,671,616 
  adjustments to reconcile net income to net cash from operating activities:             
  depreciation and amortization57,000 3,089,000 3,959,000 3,821,000 3,063,000 7,010,000 6,391,000 6,098,000 5,851,000     
  non-cash lease expense622,000 760,000 750,000 759,000 789,000 786,000 802,000 757,000 334,000     
  share-based compensation expense8,013,000 1,168,000 2,957,000 4,086,000 7,241,000 2,694,000 7,657,000 8,016,000 13,190,000     
  unit-based compensation expense 9,000 354,000 266,000 680,000 235,000 1,119,000 -954,000 157,000     
  impairment of long-lived assets288,000 30,209,000            
  loss on disposal of assets 5,000 56,000 0 14,000         
  (gain) income from change in fair value of warrant liability-9,046,000             
  other 0 5,000 -229,000 243,000 57,000 57,000 -109,000 280,000     
  changes in operating assets and liabilities:             
  accounts receivable-6,288,000 -13,643,000 -684,000 4,379,000 -88,000 -3,200,000 -677,000 -1,971,000 -1,316,000     
  prepaid insurance3,876,000 -999,000 3,901,000 2,539,000 4,332,000 -2,245,000 2,996,000 4,290,000 4,343,000     
  accounts payable and accrued liabilities7,312,000 6,258,000 -3,099,000 4,847,000 -15,991,000 11,412,000 -8,026,000 -959,000 -1,683,000     
  unsettled crypto trades3,553,000             
  due to related party-720,000 1,460,000 760,000 501,000 -659,000 267,000 267,000 267,000 -250,000     
  deferred revenue-1,327,000 260,000 956,000 -278,000 -542,000 -331,000        
  operating lease liabilities-957,000 -941,000 -759,000 -737,000 -592,000 -111,000 3,574,000       
  customer funds payable55,240,000 4,702,000 27,688,000 -20,000 -36,000 -1,000 -14,000 -24,000 79,000     
  other assets and liabilities-995,000 4,614,000 772,000 -315,000 -1,677,000 2,689,000 -1,120,000 322,000 -4,324,000     
  net cash from operating activities38,353,000 -6,806,000 24,595,000 -31,245,000 -47,241,000 -23,692,000 -33,475,000 -27,274,000 -33,156,000 -82,917,964    
  capex-1,316,000 -1,528,000 -1,933,000 -3,302,000 -2,122,000 -8,010,000 -6,548,000 -12,016,000 -1,213,000 0    
  free cash flows37,037,000 -8,334,000 22,662,000 -34,547,000 -49,363,000 -31,702,000 -40,023,000 -39,290,000 -34,369,000 -82,917,964    
  cash flows from investing activities:             
  capitalized internal-use software development costs and other capital expenditures-1,771,000 -1,528,000 -1,859,000 -2,327,000 -3,719,000 -8,010,000 -7,770,000 -11,641,000 -3,122,000     
  purchase of available-for-sale securities-17,996,000 -17,230,000 -17,600,000 0 -26,999,000 -117,834,000 415,000       
  proceeds from the settlement of available-for-sale securities17,463,000             
  acquisition of bumped financial, llc 0 0           
  net cash from investing activities-2,304,000  -9,406,000 5,417,000 69,699,000  67,359,000 -200,815,000 -3,122,000     
  cash flows from financing activities:             
  proceeds from concurrent offerings, net of issuance costs38,964,000             
  repurchase and retirement of class a common stock for withholding purposes-2,259,000             
  net cash from financing activities36,705,000  0    1,000 1,000 1,000     
  effect of exchange rate changes-421,000 472,000 -397,000 339,000 22,000  -775,000 -381,000 188,000     
  net increase in cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits72,333,000             
  cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits at the beginning of the period118,498,000             
  cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits at the end of the period190,831,000             
  supplemental disclosure of cash flow information:             
  non-cash operating lease right-of-use asset acquired 5,000 3,000 4,000 3,776,000 -15,000 85,000 5,240,000 5,696,000     
  supplemental disclosure of non-cash investing and financing activity:             
  capitalized internal-use software development costs and other capital expenditures included in accounts payable and accrued liabilities455,000             
  reconciliation of cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits to consolidated balance sheet:             
  cash and cash equivalents56,600,000 -15,337,000 -16,300,000 33,685,000 50,834,000 -61,518,000 33,099,000 -228,445,000 355,196,000     
  restricted cash44,008,000 3,576,000 3,404,000 5,553,000 19,305,000 -25,000 25,000 0 16,500,000     
  cash held in escrow    67,209,000         
  customer funds88,165,000 4,702,000 27,688,000 -20,000 555,000 -1,000 -14,000 -24,000 630,000     
  deposits2,058,000             
  total cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits190,831,000             
  adjustments to reconcile net income to net cash from operating activities             
  change in fair value of contingent consideration liability             
  forfeiture and cancellation of common units 0    0 -110,000       
  deferred income taxes     -2,736,000        
  goodwill and intangible assets impairments 37,174,000    274,378,000        
  gain from change in fair value of warrant liability 714,000 214,000 -357,000 1,000,000  -428,000 -10,283,000 -2,428,000     
  deposits with clearinghouse 0 15,150,000 0 -159,000         
  proceeds from the maturity of available-for-sale securities 22,600,000 10,007,000 52,110,000 101,048,000 90,461,000        
  acquisition of apex crypto llc, net of cash acquired -3,582,000 46,000           
  net cash from investing activities:             
  repurchase and retirement of class a common stock -132,000 0           
  proceeds from the exercise of warrants     -1,000 1,000 1,000 1,000     
  net cash from financing activities:             
  net increase in cash, cash equivalents, deposits, restricted cash and customer funds             
  cash, cash equivalents, deposits, restricted cash and customer funds at the beginning of the period             
  cash, cash equivalents, deposits, restricted cash and customer funds at the end of the period             
  cash paid for income taxes             
  reconciliation of cash, cash equivalents, deposits, restricted cash and customer funds to consolidated balance sheets:             
  total cash, cash equivalents, deposits, restricted cash and customer funds             
  net increase in cash, cash equivalents, restricted cash and customer funds             
  cash, cash equivalents, restricted cash and customer funds at the beginning of the period     0 0 0 408,415,000     
  cash, cash equivalents, restricted cash and customer funds at the end of the period     -61,544,000 33,110,000 -228,469,000 372,326,000     
  capitalized internal-use software development costs and other capital expenditures included in accounts payable and accrued liabilities.  -74,000 -975,000 1,597,000  1,222,000 -375,000 1,909,000     
  reconciliation of cash, cash equivalents, restricted cash and customer funds to consolidated balance sheets:             
  total cash, cash equivalents, restricted cash and customer funds     -61,544,000 33,110,000 -228,469,000 372,326,000     
  net increase in cash, cash equivalents, restricted cash, cash held in escrow and customer funds   -27,991,000 22,480,000         
  cash, cash equivalents, restricted cash, cash held in escrow and customer funds at the beginning of the period   0 115,423,000         
  cash, cash equivalents, restricted cash, cash held in escrow and customer funds at the end of the period   -27,991,000 137,903,000         
  deferred tax effect resulting from exchanges of opco common units             
  reconciliation of cash, cash equivalents, restricted cash, cash held in escrow and customer funds to consolidated balance sheets:             
  total cash, cash equivalents, restricted cash, cash held in escrow and customer funds   -27,991,000 137,903,000         
  acquisition of bumped llc    -631,000         
  reconciliation of cash, cash equivalents, restricted cash, cash held in escrow and customer funds to consolidated balance sheet:             
  recognition of affiliate capital contribution             
  amortization of customer consideration asset             
  loss on sale of shares of affiliate stock             
  (gain) on extinguishment of software license liability             
  modification and vesting of class c warrant             
  proceeds from disposal of assets             
  proceeds from sale of shares of affiliate stock             
  cash acquired through business combination             
  payment of finance lease liability             
  repurchase of redeemed class a common stock             
  payment of deferred underwriting fee             
  proceeds from pipe, net of issuance costs             
  effect of exchange rate changes.             
  issuance of class a voting units in exchange of capital contribution             
  cashless exercise of private placement warrants             
  deposits with clearinghouse affiliate      0       
  proceeds from sale of equipment             
  net decrease in cash, cash equivalents, restricted cash and customer funds      33,110,000 -228,469,000 -36,089,000     
  exercise of class b warrant             
  reconciliation of cash, cash equivalents, restricted cash and customer funds to consolidated balance sheet:             
  deferred income tax benefit       -5,104,000 -3,144,000     
  unrealized gain on investment in shares of affiliate stock             
  deferred revenues       -573,000 -943,000     
  cancellation of common units        -60,000     
  operating lease liabilities.        79,000     
  acquisition-related expenses paid by affiliate             
  income from change in fair value of warrant liability             
  gain on extinguishment of software license liability             
  other receivable             
  proceeds from maturities of short-term investments             
  repurchase of redeemed class a ordinary shares             
  proceeds from issuance of class c voting units             
  issuance of class b warrant             
  non-cash contribution of bridge2 holdings by affiliate             
  change in fair value of warrant liabilities             
  formation cost paid by sponsor in exchange for issuance of founder shares             
  interest earned on investments held in trust account             
  transaction costs allocated to warrants             
  prepaid expenses             
  accounts payable and accrued expenses             
  investment of cash into trust account             
  proceeds from sale of units, net of underwriting discount paid             
  proceeds from sale of private placement units             
  payment of offering costs             
  repayment of promissory note – related party             
  net change in cash             
  cash – beginning of period             
  cash – end of period             
  non-cash investing and financing activities:             
  offering costs included in accrued offering costs             
  offering costs paid by sponsor in exchange for issuance of founder shares             
  offering costs paid through promissory note             
  initial classification of class a ordinary shares subject to possible redemption             
  deferred underwriting fee payable             
  balance sheet as of december 31, 2020             
  class a ordinary shares subject to possible redemption             
  class a ordinary shares             
  additional paid-in capital             
  accumulated deficit             
  total shareholders’ equity             
  statement of cash flows for the period of july 31, 2020 through september 30, 2020             
  change in value of class a ordinary shares subject to possible redemption             
  redeemable class a ordinary shares             
  numerator: earnings allocable to redeemable class a ordinary shares interest income             
  redeemable net earnings           -2,179 9,704 
  denominator: weighted-average redeemable class a ordinary shares redeemable class a ordinary shares, basic and diluted             
  basic and diluted earnings per share – redeemable class a ordinary shares           0 0 
  non-redeemable class b ordinary shares             
  numerator: net income             
  non-redeemable net income           54,943,453 -33,681,320 
  denominator: weighted-average non-redeemable class b ordinary shares non-redeemable class b ordinary shares, basic and diluted             
  basic and diluted earnings per share – non-redeemable class b ordinary shares           10.6 -6.5 
  numerator: earnings allocable to redeemable class a ordinary shares             
  interest income            9,704 
  denominator: weighted-average redeemable class a ordinary shares             
  redeemable class a ordinary shares, basic and diluted            20,737,202 
  numerator: net income minus redeemable net earnings             
  denominator: weighted-average non-redeemable class b ordinary shares             
  non-redeemable class b ordinary shares, basic and diluted            5,184,300 
  earnings/basic and diluted redeemable class a ordinary shares             
  loss/basic and diluted non-redeemable class b ordinary shares             

We provide you with 20 years of cash flow statements for Bakkt stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Bakkt stock. Explore the full financial landscape of Bakkt stock with our expertly curated income statements.

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