Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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(Please answer in Excel and show how you got the answer so I can better understand. Thank you.)
1. Given the financial statements (
Transcribed Image Text:Revenues
Subscription solutions
Merchant solutions
Shopify Inc.
Condensed Consolidated Statements of Operations and Comprehensive Income
(Expressed in US $000's, except share and per share amounts, unaudited)
Cost of revenues
Subscription solutions
Merchant solutions
Gross profit
Operating expenses
Sales and marketing
Research and development
General and administrative
Transaction and loan losses
Total operating expenses
(Loss) income from operations
Other income, net
Income before income taxes
(Provision for) recovery of income
taxes
Net income
Other comprehensive (loss) income
Comprehensive income
Net income per share attributable to
shareholders:
Basic
Diluted
Shares used to compute net income per
share attributable to shareholders:
Basic
Diluted
Three months ended
September 30, September 30,
2021
2020
$
$
336,208
787,532
1,123,740
67,355
447,476
514,831
608,909
237,949
221,028
128,722
25,311
613,010
(4,101)
1,344,553
1,340,452
(192,020)
1,148,432
(9,193)
1,139,239
9.18
9.00
125,071,460
127,619,188
245,274
522,131
767,405
52,170
310,087
362,257
405,148
147,608
143,427
51,799
11,753
354,587
50,561
135,806
186,367
4,701
191,068
4,190
195,258
1.59
1.54
120,511,484
124,908,279
Nine months ended
September 30,
2021
$
991,126
2,240,706
3,231,832
188,764
1,254,583
1,443,347
1,788,485
626,082
580,471
273,790
53,903
1,534,246
254,239
3,375,072
3,629,311
(343,341)
3,285,970
(14,660)
3,271,310
26.44
25.84
124,297,069
127,263,746
September 30,
2020
$
629,317
1,322,430
1,951,747
134,282
780,333
914,615
1,037,132
447,320
393,050
179,948
39,202
1,059,520
(22,388)
152,999
130,611
65,026
195,637
(1,790)
193,847
1.65
1.59
118,692,898
123,399,606
Transcribed Image Text:Assets
Current assets
Cash and cash equivalents
Marketable securities
Trade and other receivables, net
Merchant cash advances, loans and related receivables, net
Income taxes receivable
Other current assets
Long-term assets
Property and equipment, net
Intangible assets, net
Right-of-use assets, net
Deferred tax assets
Shopify Inc.
Condensed Consolidated Balance Sheets
(Expressed in US $000's except share amounts, unaudited)
Equity and other investments ($3,916,910 and $nil, at fair value)
Goodwill
Total assets
Liabilities and shareholders' equity
Current liabilities
Accounts payable and accrued liabilities
Income taxes payable
Deferred revenue
Lease liabilities
Long-term liabilities
Deferred revenue
Lease liabilities
Convertible senior notes
Deferred tax liabilities
Commitments and contingencies
Shareholders' equity
Common stock, unlimited Class A subordinate voting shares
authorized, 113,607,328 and 110,929,570 issued and outstanding;
unlimited Class B multiple voting shares authorized, 11,967,828
and 11,599,301 issued and outstanding
Additional paid-in capital
Accumulated other comprehensive (loss) income
Retained earnings
Total shareholders' equity
Total liabilities and shareholders' equity
September 30, 2021
$
As at
2,189,613
5,329,081
151,773
524,020
57,372
80,892
8,332,751
91,787
141,929
123,414
52,073
4,445,132
349,432
5,203,767
13,536,518
350,588
26,498
203,853
15,618
596,557
174,483
174,190
910,376
310,635
1,569,684
7,930,690
136,024
(5,890)
3,309,453
11,370,277
13,536,518
December 31, 2020
S
2,703,597
3,684,370
120,752
244,723
56,067
68,247
6,877,756
92,104
135,676
119,373
52,677
173,454
311,865
885,149
7,762,905
300,795
19,677
107,809
10,051
438,332
21,006
144,836
758,008
923,850
6,115,232
261,436
8,770
15,285
6,400,723
7,762,905
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