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$146.61-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(Expressed in US $ millions)
| Years ended | |||
|---|---|---|---|
| December 31, 2024 | December 31, 2023 | December 31, 2022 | |
| Cash flows from operating activities | |||
| Net income (loss) for the year | 2,019 | 132 | (3,460) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Amortization and depreciation | 36 | 70 | 93 |
| Stock-based compensation | 430 | 615 | 549 |
| Impairment of right-of-use assets and leasehold improvements | — | 38 | 84 |
| Provision for transaction and loan losses | 148 | 80 | 74 |
| Deferred income tax expense (recovery) | 78 | (1) | (187) |
| Revenue related to non-cash consideration | (94) | (158) | (121) |
| Impairment on sales of Shopify's logistics businesses | — | 1,340 | — |
| Net (gain) loss on equity and other investments | (992) | (1,419) | 2,919 |
| Net loss on equity method investment | 138 | 58 | — |
| Unrealized foreign exchange (gain) loss | 19 | (6) | 12 |
| Changes in operating assets and liabilities: | |||
| Trade and other receivables | (148) | (98) | (105) |
| Merchant cash advances and related receivables, net | (82) | 214 | (23) |
| Other current and long-term assets | (72) | (50) | (31) |
| Accounts payable and accrued liabilities | 110 | 69 | 28 |
| Deferred revenue | 26 | 60 | 32 |
| Net cash provided by operating activities | 1,616 | 944 | (136) |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (19) | (39) | (50) |
| Purchases of marketable securities | (8,396) | (5,841) | (5,011) |
| Maturities of marketable securities | 7,457 | 5,590 | 6,890 |
| Purchases and originations of loans | (3,006) | (1,861) | (526) |
| Repayments and sales of loans | 2,542 | 1,338 | 367 |
| Purchases of equity and other investments | (137) | (364) | (635) |
| Acquisition of businesses, net of cash acquired | (30) | (31) | (1,754) |
| Other | 3 | (36) | — |
| Net cash used in investing activities | (1,586) | (1,244) | (719) |
| Cash flows from financing activities | |||
| Proceeds from the exercise of stock options | 61 | 60 | 18 |
| Net cash provided by financing activities | 61 | 60 | 18 |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | (6) | 4 | (17) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | 85 | (236) | (854) |
| Cash, cash equivalents and restricted cash – Beginning of Year | 1,413 | 1,649 | 2,503 |
| Cash, cash equivalents and restricted cash – End of Year | 1,498 | 1,413 | 1,649 |
| Supplemental cash flow information: | |||
| Cash paid for income taxes, net | 116 | 50 | 27 |
| Cash paid for interest | 1 | 1 | 1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.