Business Context and Reporting Period
Company: Square, Inc. (now Block, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: February 23, 2021
Reporting Period: Fourth quarter and fiscal year ended December 31, 2020.
The filing announces the issuance of a Shareholder Letter containing financial results for the specified period and the scheduling of a conference call to discuss these results.
Key Financial Metrics
The provided text serves as a cover report referencing a Shareholder Letter (Exhibit 99.1) for detailed data. Consequently, specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity are not present in this document.
- Revenue, Profit, Cash Flow: Not provided in this text; referenced in Exhibit 99.1.
- Margins, Debt, Liquidity: Not provided in this text; referenced in Exhibit 99.1.
- Non-GAAP Measures: The filing notes that non-GAAP financial information is used in the Shareholder Letter and conference call, with reconciliations to GAAP equivalents provided therein.
Material Changes
The filing text does not contain specific data points to compare against prior periods. It only confirms that results for the fourth quarter and fiscal year 2020 have been announced.
Guidance, Outlook, and Risks
Management Commentary: The Company announced a conference call on February 23, 2021, at 2:00 p.m. Pacific Time to discuss the financial results.
Legal Disclaimer: Information furnished pursuant to Item 2.02, including the Shareholder Letter, is not deemed "filed" under Section 18 of the Exchange Act and is not subject to the liabilities of that section, nor is it incorporated by reference into other filings except as expressly set forth.
Investor Verification Checklist
- Review Exhibit 99.1 (Shareholder Letter) for actual revenue, net income, and cash flow figures.
- Verify the reconciliation of non-GAAP financial measures to GAAP equivalents as mentioned in the filing.
- Confirm the details of the conference call held on February 23, 2021, for management's qualitative outlook.
- Note that the registrant's name in the charter is Square, Inc. (now Block, Inc.).