← SHOPIFY INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($35.4m) |
($40.0m)
-13.12%
|
($64.6m)
-61.40%
|
($124.8m)
-93.39%
|
$319.5m
+355.93%
|
$2.9b
+812.23%
|
($3.5b)
-218.71%
|
$132.0m
+103.82%
|
$2.0b
+1429.55%
|
$1.2b
-39.03%
|
— | |
| Depreciation, Depletion and Amortization | $14.0m | $23.4m | $27.1m | $35.7m | $70.1m | $66.3m | $93.0m | $70.0m | $36.0m | $31.0m | $29.0m | |
| Amortization of Debt Issuance Costs | — | — | — | — | $510k | $2.3m | $2.3m | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | $8.8m | $2.3m | $2.3m | — | — | — | — | |
| Amortization of Intangible Assets | $3.6m | $6.8m | $10.1m | $18.9m | $31.9m | $24.5m | $54.0m | $38.0m | $14.0m | $13.0m | — | |
| Depreciation | $10.4m | $16.6m | $16.9m | $16.8m | $38.2m | $41.8m | $36.0m | $28.0m | $22.0m | $18.0m | $29.0m | |
| Deferred Income Tax Expense (Benefit) | — | — | $0 | ($35.9m) | ($44.8m) | $191.0m | ($187.0m) | ($1.0m) | $78.0m | ($14.0m) | $43.0m | |
| Share-based Payment Arrangement, Expense | $23.1m | $49.2m | $95.7m | $158.5m | $246.9m | $330.8m | $549.0m | $615.0m | $430.0m | $449.0m | $482.0m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4b | $0 | $0 | $3.0m | |
| Operating Lease, Impairment Loss | — | — | — | — | $14.8m | $28.4m | $80.7m | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | $0 | ($135.2m) | ($2.9b) | $0 | ($58.0m) | ($138.0m) | ($40.0m) | — | |
| Nonoperating Income (Expense) | $1.8m | $9.2m | $27.4m | $45.3m | $150.2m | $2.9b | ($2.8b) | $1.6b | $1.2b | $41.0m | — | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $2.6m | $1.4m | $15.9m | $27.3m | $43.8m | $74.0m | $80.0m | $148.0m | $230.0m | ($360.0m) | |
| Purchases of property and equipment, accrued but unpaid | $23.8m | $20.0m | $27.9m | $56.8m | $41.7m | $50.8m | $50.0m | $39.0m | $19.0m | $26.0m | ($25.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $14.0m |
$7.9m
-43.63%
|
$9.3m
+18.01%
|
$70.6m
+657.35%
|
$425.0m
+501.80%
|
$504.4m
+18.70%
|
($136.0m)
-126.96%
|
$944.0m
+794.12%
|
$1.6b
+71.19%
|
$2.0b
+25.80%
|
$2.4b
+16.92%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $23.8m | $20.0m | $27.9m | $56.8m | $41.7m | $50.8m | $50.0m | $39.0m | $19.0m | $26.0m | ($25.0m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $0 | $0 | $0 | $0 | — | — | — | — | ($197.0m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | $0 | $135.2m | $2.9b | ($2.9b) | $1.4b | $992.0m | ($153.0m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $14.1m | $15.7m | $19.4m | $265.5m | $0 | $59.6m | $1.8b | $31.0m | $30.0m | $56.0m | ($80.0m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | $0 | $36.0m | ($3.0m) | ($58.0m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($269.7m) | ($527.2m) | ($810.6m) | ($569.5m) | ($1.9b) | ($2.3b) | ($719.0m) | ($1.2b) | ($1.6b) | ($1.2b) | $562.0m | |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing Activities | $228.6m |
$574.8m
+151.47%
|
$1.1b
+86.52%
|
$736.4m
-31.32%
|
$3.6b
+383.11%
|
$1.6b
-53.62%
|
$18.0m
-98.91%
|
$60.0m
+233.33%
|
$61.0m
+1.67%
|
($811.0m)
-1429.51%
|
($2.8b)
-247.23%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.0m | $2.1m | ($1.9m) | $239.2m | $2.1b | ($200.6m) | ($854.0m) | ($236.0m) | $85.0m | $47.0m | $1.7b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $649.9m | $2.7b | $2.5b | $1.6b | $1.4b | $1.5b | $1.5b | $1.7b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.0m | $2.1m | ($1.9m) | $1.7m | $3.2m | ($7.0m) | ($17.0m) | $4.0m | ($6.0m) | $15.0m | ($9.0m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $4.2m | $14.8m | $30.5m | $48.3m | $70.8m | $108.6m | $18.0m | $60.0m | $61.0m | $232.0m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $0 | $1.3m | $1.0m | $1.0m | $1.0m | $1.0m | — | |
| Income Taxes Paid, Net | — | — | — | — | $69.5m | ($10.5m) | $27.0m | $50.0m | $116.0m | $194.0m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $274k | $1.3m | ($2.1m) | ($2.9m) | $669k | $286k | ($2.0m) | $1.0m | ($8.0m) | $26.0m | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $969k | $1.6m | ($1.3m) | ($3.2m) | $1.7m | ($4.6m) | ($12.0m) | $6.0m | ($19.0m) | $57.0m | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | $3.0m | — | — | — | — | |
| General and Administrative Expense | $43.1m | $67.7m | $107.4m | $178.9m | $245.3m | $374.8m | $708.0m | $491.0m | $410.0m | $471.0m | — | |
| Goodwill | $15.5m | $20.3m | $38.0m | $311.9m | $311.9m | $356.5m | $1.8b | $427.0m | $452.0m | $491.0m | $3.0m | |
| Income Tax Expense (Benefit) | $0 | $0 | $0 | $29.0m | ($79.1m) | $225.9m | ($163.0m) | $53.0m | $209.0m | $278.0m | — | |
| Operating Expenses | $246.7m | $429.4m | $688.2m | $1.0b | $1.5b | $2.2b | $3.6b | $4.9b | $3.4b | $4.1b | — | |
| Stock or Unit Option Plan Expense | $22.9m | $49.2m | $95.7m | $158.5m | $246.9m | $330.8m | $549.0m | $615.0m | $430.0m | $449.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.