Shopify Inc. (TSX: SHOP)

Shopify Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,623	1,413	1,649	2,503	2,704	649.92
Short-Term Investments	3,554	3,626	3,438	5,287	3,694	1,818
Cash & Short-Term Investments	5,177	5,039	5,087	7,790	6,397	2,468
Cash Growth	6.46%	-0.94%	-34.70%	21.76%	159.21%	24.69%
Accounts Receivable	178	194	203	127.14	63.52	41.29
Other Receivables	87	98	75	70.1	114.12	52.42
Total Receivables	940	964	487	266.93	218.52	119.89
Prepaid Expenses	-	55	48	49.92	25.05	20.84
Other Current Assets	323	217	428	432.84	236.84	133.45
Total Current Assets	6,440	6,275	6,050	8,539	6,878	2,742
Gross Property, Plant & Equipment	-	303	639	429.26	311.09	292.43
Accumulated Depreciation	-	-156	-153	-127.35	-99.61	-46.26
Net Property, Plant & Equipment	148	147	486	301.91	211.48	246.17
Long-Term Investments	4,029	4,377	1,954	3,956	173.45	2.5
Goodwill	427	427	1,836	356.53	311.87	311.87
Other Intangible Assets	25	29	390	138.5	135.68	167.28
Long-Term Deferred Tax Assets	43	44	41	48.37	52.68	19.43
Total Assets	11,112	11,299	10,757	13,340	7,763	3,489
Accounts Payable	587	364	364	284.01	168.72	90.52
Accrued Expenses	-	128	115	138.09	115.99	84.39
Current Portion of Leases	17	17	18	15.75	10.05	9.07
Current Income Taxes Payable	-	18	9	13.51	19.68	69.43
Current Unearned Revenue	296	302	296	216.79	107.81	56.69
Other Current Liabilities	2	69	54	34.59	16.09	6.29
Total Current Liabilities	902	898	856	702.73	438.33	316.38
Long-Term Debt	916	916	913	910.96	758.01	-
Long-Term Leases	212	217	465	246.78	144.84	142.64
Long-Term Unearned Revenue	183	196	268	162.93	21.01	5.97
Long-Term Deferred Tax Liabilities	6	6	16	183.43	-	8.75
Total Liabilities	2,219	2,233	2,518	2,207	1,362	473.75
Common Stock	9,283	9,201	8,747	8,040	6,115	3,256
Additional Paid-In Capital	277	251	30	161.07	261.44	62.63
Retained Earnings	-663	-390	-522	2,938	15.29	-304.22
Comprensive Income & Other	-4	4	-16	-5.97	8.77	1.05
Total Common Equity	8,893	9,066	8,239	11,133	6,401	3,016
Shareholders' Equity	8,893	9,066	8,239	11,133	6,401	3,016
Total Liabilities & Equity	11,112	11,299	10,757	13,340	7,763	3,489
Total Debt	1,145	1,150	1,396	1,173	912.9	151.71
Net Cash (Debt)	4,032	3,889	3,691	6,616	5,484	2,316
Net Cash Growth	16.40%	5.36%	-44.21%	20.63%	136.77%	17.03%
Net Cash Per Share	3.14	3.00	2.91	5.19	4.44	2.05
Filing Date Shares Outstanding	1,289	1,287	1,277	1,260	1,226	1,165
Total Common Shares Outstanding	1,288	1,287	1,275	1,260	1,225	1,164
Working Capital	5,538	5,377	5,194	7,837	6,439	2,426
Book Value Per Share	6.90	7.05	6.46	8.84	5.22	2.59
Tangible Book Value	8,441	8,610	6,013	10,638	5,953	2,537
Tangible Book Value Per Share	6.55	6.69	4.72	8.45	4.86	2.18
Machinery	-	63	102	73.74	60.52	47.18

Source: S&P Capital IQ. Standard template.