v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 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 0 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 0 1,340 0
Net (gain) loss on equity and other investments (992) (1,419) 2,919
Net loss on equity method investment 138 58 0
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) 0
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