SHOPIFY INC
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 11, 2025
SHOP$152.06+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(Expressed in US $ millions, except share amounts)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 1,498 | 1,413 |
| Marketable securities | 3,981 | 3,595 |
| Trade and other receivables, net | 342 | 282 |
| Loans and merchant cash advances, net | 1,224 | 816 |
| Other current assets | 209 | 169 |
| 7,254 | 6,275 | |
| Long-term assets | ||
| Property and equipment, net | 47 | 49 |
| Operating lease right-of-use assets, net | 93 | 98 |
| Intangible assets, net | 22 | 29 |
| Deferred tax assets | 37 | 44 |
| Other long-term assets | 21 | — |
| Long-term investments | 709 | 115 |
| Equity and other investments ($3,930 and $2,977, carried at fair value) | 4,647 | 3,482 |
| Equity method investment | 642 | 780 |
| Goodwill | 452 | 427 |
| 6,670 | 5,024 | |
| Total assets | 13,924 | 11,299 |
| Liabilities and shareholders’ equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 737 | 579 |
| Deferred revenue | 283 | 302 |
| Operating lease liabilities | 18 | 17 |
| Convertible senior notes | 918 | — |
| 1,956 | 898 | |
| Long-term liabilities | ||
| Deferred revenue | 147 | 196 |
| Operating lease liabilities | 190 | 217 |
| Convertible senior notes | — | 916 |
| Deferred tax liabilities | 73 | 6 |
| 410 | 1,335 | |
| Commitments and contingencies (Note 17) | ||
| Shareholders’ equity | ||
| Common stock, unlimited Class A subordinate voting shares authorized, 1,215,229,233 and 1,207,318,947, issued and outstanding; unlimited Class B restricted voting shares authorized, 79,350,906 and 79,251,346 issued and outstanding; 1 Founder share authorized, 1 and 1 issued and outstanding | 9,634 | 9,201 |
| Additional paid-in capital | 305 | 251 |
| Accumulated other comprehensive (loss) income | (10) | 4 |
| Accumulated surplus (deficit) | 1,629 | (390) |
| Total shareholders’ equity | 11,558 | 9,066 |
| Total liabilities and shareholders’ equity | 13,924 | 11,299 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.