SoFi Technologies, Inc.: 10-K filed 2023-03-01

Name: SoFi Technologies, Inc.: 10-K filed 2023-03-01
Creator: SoFi Technologies, Inc.

What SoFi Technologies, Inc. reported in its annual report filed 2023-03-01 (fiscal FY 2022): 44 published measures, 121 facts as tagged in accession 0001818874-23-000018.

This filing

Form: 10-K (annual report)
Filed: 2023-03-01
Fiscal period: fiscal FY 2022
Accession: 0001818874-23-000018 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All SoFi Technologies, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-12-31	19,007,675,000	USD
At 2021-12-31	9,176,326,000	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-12-31	13,479,199,000	USD
At 2021-12-31	4,478,623,000	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2022-12-31	5,208,102,000	USD
At 2021-12-31	4,377,329,000	USD
At 2020-12-31	-120,115,000	USD
At 2019-12-31	-339,062,000	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2022-12-31	1,421,907,000	USD
At 2021-12-31	494,711,000	USD
At 2020-12-31	872,582,000	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-320,407,000	USD	365
2021-01-01 to 2021-12-31	-483,937,000	USD	365
2020-01-01 to 2020-12-31	-224,053,000	USD	366

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-7,255,858,000	USD	365
2021-01-01 to 2021-12-31	-1,350,217,000	USD	365
2020-01-01 to 2020-12-31	-479,336,000	USD	366

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	377,096,000	USD	365
2021-01-01 to 2021-12-31	247,718,000	USD	365
2020-01-01 to 2020-12-31	103,331,000	USD	366

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	8,439,485,000	USD	365
2021-01-01 to 2021-12-31	684,987,000	USD	365
2020-01-01 to 2020-12-31	853,754,000	USD	366

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-106,333,000	USD	365
2021-01-01 to 2021-12-31	110,193,000	USD	365
2020-01-01 to 2020-12-31	258,949,000	USD	366

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-12-31	-1,503,521,000	USD
At 2021-12-31	-1,183,114,000	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	900,886,113	shares	365
2021-01-01 to 2021-12-31	526,730,261	shares	365
2020-01-01 to 2020-12-31	73,851,108	shares	366

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	900,886,113	shares	365
2021-01-01 to 2021-12-31	526,730,261	shares	365
2020-01-01 to 2020-12-31	73,851,108	shares	366

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-0.4	USD/shares	365
2021-01-01 to 2021-12-31	-1	USD/shares	365
2020-01-01 to 2020-12-31	-4.3	USD/shares	366

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-0.4	USD/shares	365
2021-01-01 to 2021-12-31	-1	USD/shares	365
2020-01-01 to 2020-12-31	-4.3	USD/shares	366

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	1,686,000	USD	365
2021-01-01 to 2021-12-31	2,760,000	USD	365
2020-01-01 to 2020-12-31	-104,468,000	USD	366

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	305,994,000	USD	365
2021-01-01 to 2021-12-31	239,011,000	USD	365
2020-01-01 to 2020-12-31	99,870,000	USD	366

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	189,275,000	USD	365
2021-01-01 to 2021-12-31	102,776,000	USD	365
2020-01-01 to 2020-12-31	185,606,000	USD	366

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit
At 2022-12-31	1,622,991,000	USD
At 2021-12-31	898,527,000	USD
At 2020-12-31	899,270,000	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2022-12-31	442,155,000	USD
At 2021-12-31	284,579,000	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	0	USD	365
2021-01-01 to 2021-12-31	526,000	USD	365
2020-01-01 to 2020-12-31	40,000	USD	366

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	313,226,000	USD	365
2021-01-01 to 2021-12-31	256,980,000	USD	365
2020-01-01 to 2020-12-31	178,896,000	USD	366

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	405,257,000	USD	365
2021-01-01 to 2021-12-31	276,087,000	USD	365
2020-01-01 to 2020-12-31	201,199,000	USD	366

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2022-12-31	933,896,120	shares
At 2021-12-31	828,154,462	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2022-12-31	1,846,302,000	USD
At 2021-12-31	768,437,000	USD
At 2020-12-31	1,323,428,000	USD
At 2019-12-31	690,206,000	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-12-31	6,719,826,000	USD
At 2021-12-31	5,561,831,000	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2022-12-31	-8,296,000	USD
At 2021-12-31	-1,471,000	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2022-12-31	97,135,000	USD
At 2021-12-31	115,191,000	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2022-12-31	117,758,000	USD
At 2021-12-31	138,794,000	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2022-12-31	5,485,882,000	USD
At 2021-12-31	3,947,983,000	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2022-12-31	442,155,000	USD
At 2021-12-31	284,579,000	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2022-12-31	10,028,000	USD
At 2021-12-31	2,553,000	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2022-12-31	109,584,000	USD
At 2021-12-31	172,701,000	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-318,721,000	USD	365
2021-01-01 to 2021-12-31	-481,177,000	USD	365
2020-01-01 to 2020-12-31	-328,521,000	USD	366

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-327,232,000	USD	365
2021-01-01 to 2021-12-31	-485,242,000	USD	365
2020-01-01 to 2020-12-31	-224,198,000	USD	366

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-360,832,000	USD	365
2021-01-01 to 2021-12-31	-524,363,000	USD	365
2020-01-01 to 2020-12-31	-317,247,000	USD	366

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	501,618,000	USD	365
2021-01-01 to 2021-12-31	498,534,000	USD	365
2020-01-01 to 2020-12-31	237,381,000	USD	366

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	151,360,000	USD	365
2021-01-01 to 2021-12-31	101,568,000	USD	365
2020-01-01 to 2020-12-31	69,832,000	USD	366

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	93,016,000	USD	365
2021-01-01 to 2021-12-31	70,507,000	USD	365
2020-01-01 to 2020-12-31	49,735,000	USD	366

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	5,184,000	USD	365
2021-01-01 to 2021-12-31	1,556,000	USD	365
2020-01-01 to 2020-12-31	36,000	USD	366

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	-3,498,000	USD	365
2021-01-01 to 2021-12-31	1,204,000	USD	365
2020-01-01 to 2020-12-31	-104,504,000	USD	366

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	150,866,000	USD	365
2021-01-01 to 2021-12-31	94,795,000	USD	365
2020-01-01 to 2020-12-31	129,131,000	USD	366

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	2,567,000	USD	365
2021-01-01 to 2021-12-31	1,759,000	USD	365
2020-01-01 to 2020-12-31	529,000	USD	366

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	0	USD	365
2021-01-01 to 2021-12-31	0	USD	365
2020-01-01 to 2020-12-31	369,840,000	USD	366

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2022-01-01 to 2022-12-31	21,682,000	USD	365
2021-01-01 to 2021-12-31	19,811,000	USD	365
2020-01-01 to 2020-12-31	17,444,000	USD	366

Inspect the source

Entity: SoFi Technologies, Inc. / CIK 0001818874
Captured: 2026-09-19T11:21:38.728Z
SEC response SHA-256: e2de0cfed1d347a12db62fae8e229db2371c401fae7b357985c4e1932a1d129a

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001818874.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))