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53
GREEN DOT CORPORATION
CONSOLIDATED BALANCE SHEETS
December 31,
2013 2012
Assets (In thousands, except par value)
Current assets:
Unrestricted cash and cash equivalents $ 423,498 $293,590
Federal funds sold 123 3,001
Investment securities available-for-sale, at fair value 116,159 115,244
Settlement assets 37,004 36,127
Accounts receivable, net 46,384 40,441
Prepaid expenses and other assets 27,332 31,952
Income tax receivable 15,573 7,386
Net deferred tax assets —2,478
Total current assets 666,073 530,219
Restricted cash 2,970 634
Investment securities, available-for-sale, at fair value 82,585 68,543
Accounts receivable, net 5,913 10,931
Loans to bank customers, net of allowance for loan losses of $464 and $475 as of December 31, 2013 and
December 31, 2012, respectively 6,902 7,552
Prepaid expenses and other assets 1,081 1,530
Property and equipment, net 60,473 58,376
Deferred expenses 15,439 12,510
Net deferred tax assets 3,362 4,629
Goodwill and intangible assets 30,676 30,804
Total assets $ 875,474 $725,728
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable $ 34,940 $ 31,411
Deposits 219,580 198,451
Obligations to customers 65,449 46,156
Settlement obligations 4,839 3,639
Amounts due to card issuing banks for overdrawn accounts 49,930 50,724
Other accrued liabilities 35,878 29,469
Deferred revenue 24,517 19,557
Net deferred tax liabilities 3,716 —
Total current liabilities 438,849 379,407
Other accrued liabilities 34,076 18,557
Deferred revenue 300 —
Total liabilities 473,225 397,964
Stockholders’ equity:
Convertible Series A preferred stock, $0.001 par value: 10 shares authorized and 7 shares issued and
outstanding as of December 31, 2013 and December 31, 2012 77
Class A common stock, $0.001 par value; 100,000 shares authorized as of December 31, 2013 and 2012;
37,729 and 31,798 shares issued and outstanding as of December 31, 2013 and 2012, respectively 38 31
Class B convertible common stock, $0.001 par value, 0 and 100,000 shares authorized as of December
31, 2013 and 2012, respectively; 0 and 4,197 shares issued and outstanding as of December 31, 2013
and 2012, respectively —4
Additional paid-in capital 199,251 158,656
Retained earnings 203,000 168,960
Accumulated other comprehensive (loss) income (47) 106
Total stockholders’ equity 402,249 327,764
Total liabilities and stockholders’ equity $ 875,474 $725,728
See notes to consolidated financial statements