
	December 31, 2023		December 31, 2022

Restricted cash (i)	$	770,380	$	639,780
Short term deposits (ii)	397,630		25,555
Processing costs receivable	365,153		298,568
Loans held for investment, net of allowance for loan losses (iii)	247,631		123,959
Accounts receivable, net	134,824		140,508
Inventory, net	110,097		97,703
Prepaid expenses	100,770		141,262
Other	227,003		159,930
Total	$	2,353,488	$	1,627,265

(i) Includes a portion invested in money market funds. Refer to Note 5, Fair Value Measurements for further details.

(ii) Includes a $350.0 million deposit held by a processor to meet requirements related to processing volumes under an arrangement that was executed in the fourth quarter of 2023. This activity is included within cash flows from operating activities within the Company's consolidated statements of cash flows.

The following table presents the detail of accrued expenses and other current liabilities (in thousands):


	December 31, 2023		December 31, 2022
Accrued expenses	$	538,812	$	382,571
Accounts payable	142,554		95,846
Customer deposits	167,028		141,893
Accrued transaction losses (i)	54,042		64,539
Accrued royalties	62,140		63,684
Operating lease liabilities, current	53,721		66,854
Other	307,903		258,129
Total	$	1,326,200	$	1,073,516

(i) The Company is exposed to potential credit losses related to transactions processed by sellers that are subsequently subject to chargebacks when the Company is unable to collect from the sellers primarily due to insolvency. Generally, the Company estimates the potential loss rates based on historical experience that is continuously adjusted for new information and incorporates, where applicable, reasonable and supportable forecasts about future expectations.

The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands):


	Year Ended December 31,
	2023		2022
Accrued transaction losses, beginning of the period	$	64,539	$	55,167
Provision for transaction losses	95,885		100,735
Charge-offs to accrued transaction losses	(106,382)		(91,363)
Accrued transaction losses, end of the period	$	54,042	$	64,539

In addition to amounts reflected in the table above, the Company recognized additional provision for transaction losses that was realized and written-off within the same period. Such losses are primarily related to Cash App transactions, such as peer-to-peer transactions and negative balances, that are uncertain in nature. The Company recorded $405.6 million and $411.7 million for the years ended December 31, 2023 and 2022, respectively, for such losses.


	December 31, 2023		December 31, 2022
Investment in non-marketable equity securities (i)	$	205,268	$	208,880

Bitcoin investment (ii)	339,898		102,303
Restricted cash	71,812		71,600
Other	122,508		101,454
Total	$	739,486	$	484,237

(i) Investment in non-marketable equity securities represents the Company's investments in equity of non-public entities. These investments are measured using the measurement alternative and are therefore carried at cost, less impairment, adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. Adjustments are recorded within other expense (income), net on the consolidated statements of operations. Unrealized gains and losses were immaterial in the year ended December 31, 2023.