EFTA01377673Set 10
2015-10-011p690w
Year Ended December 31, September 30,
2012 2013 2014 2014 2015
(in thousands, except GPV)
(unaudited)
Gross Payment Volume (GPV) (in millions ... Adjusted EBITDA $(70,579) $ (51,530) $ (67,741) $ (57.049) $ (35,046)
Gross Payment Volume (GPV)
We define GPV as the total dollar amount of all card payments processed by sellers ... using Square. net of refunds. GPV
excludes card payments processed for Starbucks. Additionally, GPV excludes activity related to our Square Cash peer-to-peer
payments service.
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Table of Contents
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377673.pdf
EFTA01377641Set 10
2012-09-301p492w
Year Ended December 31, September 30,
2012 2013 2014 2014 2015
(In thousands, except GPV)
(unaudited)
Gross Payment Volume (GPV) (in millions ... Adjusted EBITDA $(70,579) $ (51.530) $ (67,741) $ (57,049) $ (35,046)
Gross Payment Volume (GPV)
We define GPV as the total dollar amount of all card payments processed by sellers ... using Square, net of refunds. GPV
excludes card payments processed for Starbucks. Additionally, GPV excludes activity related to our Square Cash peer-to-peer
payments service.
Adjusted Revenue
Adjusted Revenue
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377641.pdf
EFTA01377626Set 10
2015-09-301p745w
this international
base of sellers grows, so too should our Gross Payment Volume (GPV) and revenue in these regions. We serve sellers of all
sizes, ranging from a single vendor ... months ended September 30. 2015, sellers using
Square processed $32.4 billion of GPV, which was generated by 638 million card payments from approximately 180 million
payment cards. GPV measures ... service. Since we generate transaction
revenue as a percentage of payment volume, we believe GPV is a key indicator of our ability to generate revenue. In the 12
months ended
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377626.pdf
EFTA01377676Set 10
2015-09-301p885w
this international base of
sellers grows, so too should our Gross Payment Volume (GPV) and revenue in these regions. We serve sellers of all sizes, ranging
from a single vendor ... months ended September 30, 2015, sellers using Square processed $32.4
billion of GPV, which was generated by 638 million card payments from approximately 180 million payment cards. GPV measures ... service. Since we generate transaction revenue as a percentage of
payment volume, we believe GPV is a key indicator of our ability to generate revenue. In the 12 months ended
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377676.pdf
EFTA01377687Set 10
2015-09-301p549w
year
ended December 31, 2013. This increase was attributable to growth in GPV processed of $9.0 billion, or 60%, to $23.8 billion from
$14.8 billion. A relatively greater proportion ... growth in GPV was derived from new sellers added within the year ended
December 31, 2014; a smaller though still meaningful portion was generated by growth in GPV from ... prior to December 31, 2013. Our transaction revenue as a percentage of GPV
also improved relative to the prior-year period, most notably as a result of the discontinuation
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377687.pdf
EFTA01377683Set 10
2012-09-301p427w
nine months ended September 30, 2014. This increase was attributable to growth in GPV processed of $8.6 billion, or 51%, to
$25.5 billion from $16.8 billion. The majority of growth ... GPV was derived from new sellers added within the 12-month period
ended September 30, 2015; a smaller portion was generated by growth in GPV from the payment activity ... prior to September 30, 2014. Transaction revenue as a percentage of GPV remained
constant period to period and contributed 84% of total net revenue in both the nine months ended
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377683.pdf
EFTA01377689Set 10
2014-12-311p630w
year ended
December 31, 2013. This increase was attributable to growth in GPV processed of $9.0 billion, or 60%. Our transaction costs as a
percentage of transaction revenue declined from ... year
ended December 31, 2012. This increase was attributable to growth in GPV processed of $8.3 billion, or 127%. During the year
transaction costs as a percentage of GPV declined
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377689.pdf
EFTA01377707Set 10
2015-09-301p862w
this international base of
sellers grows, so too should our Gross Payment Volume (GPV) and revenue in these regions. We serve sellers of all sizes, ranging
from a single vendor ... months ended September 30, 2015. sellers using Square processed $32.4
billion of GPV, which was generated by 638 million card payments from approximately 180 million payment cards. GPV measures
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377707.pdf
EFTA01377691Set 10
2012-12-311p483w
compared to the
year ended December 31, 2013. primarily reflecting growth in GPV of $9.0 billion, or 60%, as well as $2.4 million in provisions for
losses related to Square ... compared to the
year ended December 31, 2012. primarily reflecting growth in GPV of $8.3 billion, or 127%, offset by improvements in risk
management that lowered transaction and advance losses ... relative to GPV.
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Table of Content
Amortization of Acquired Customer Assets
The following table sets forth our amortization of acquired customer assets expenses for the periods shown:
Year Ended
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377691.pdf
EFTA01377688Set 10
2014-12-311p534w
year
ended December 31, 2012. This increase was attributable to growth in GPV processed of $8.3 billion, or 127%, to $14.8 billion
from $6.5 billion. A relatively greater proportion ... growth in GPV was derived from new sellers added within the year ended
December 31, 2013; a smaller though still meaningful portion was generated by growth in GPV from
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377688.pdf
EFTA01377695Set 10
2015-09-301p754w
sellers for payment processing activity on business days: and
• Fluctuations in daily GPV. When daily GPV increases, our cash and cash equivalents, settlements receivable, and
customer payable amounts increase. Typically ... chargebacks.
Holidays and day-of-week may also cause significant volatility in daily GPV amounts.
Cash Flows from Operating Activities
Cash used in operating activities consisted of net loss adjusted
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377695.pdf
EFTA01377708Set 10
2015-09-301p954w
payment volume, we believe GPV is a key indicator of our ability to generate revenue. In the 12 months ended September 30,
2015. over two million sellers accepted five ... more payments using Square, accounting for approximately 97% of our GPV.
The foundation of our business model is the millions of sellers processing payments with Square. We estimate that
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377708.pdf
EFTA01377684Set 10
2014-09-301p609w
nine months ended September 30, 2014. This increase was attributable to growth in GPV processed of $8.6 billion, or 51%. to
$25.5 billion from $16.8 billion. Transaction costs ... percentage of GPV remained constant period to period.
Starbucks transaction costs for the nine months ended September 30, 2015, increased by $10.7 million, or 10%, compared
to the nine months
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377684.pdf