The following table presents the impact of the changes in financial statement presentation and accounting principle for cash and non-cash activities, as discussed above, on the Condensed Consolidated Statements of Cash Flows and Note 22. Supplemental Disclosures of Cash Flow Information (in thousands):


	Nine Months Ended September 30, 2025
	Previously Reported		Change in Presentation		Change in Principle		As Adjusted
Changes in operating assets and liabilities	$	(2,510,846)	$	—	$	2,441,455	$	(69,391)
Loans originated	(1,246,352)		—		(7,671,517)		(8,917,869)
Proceeds from repayment of loans	819,455		—		7,783,150		8,602,605

Business combinations, net of cash and cash equivalents acquired	(687,634)		—		21,865		(665,769)
Purchase of investments	(66,992)		—		(23,711)		(90,703)
Dispositions of investments	72,996		—		215		73,211
Purchases of crypto assets held for investment	(679,931)		—		(10,354)		(690,285)
Dispositions of crypto assets held for investment	226,371		—		37,314		263,685
Other investing activities, net(1)	(90,296)		—		4,007		(86,289)
Customer collateral received	499,417		(434,129)		51,356		116,644
Return of customer collateral	(514,494)		434,129		(51,356)		(131,721)
Proceeds from short-term borrowings	—		—		501,316		501,316
Repayments of short-term borrowings	—		—		(436,510)		(436,510)
Additions of crypto asset investments (non-cash activity)	176,645		—		(10,354)		166,291

(1)Purchase of investments and Dispositions of investments are presented as separate line items on the face of the Condensed Consolidated Statements of Cash Flows and are therefore excluded from this presentation of Other investing activities, net.