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What Is Indigo's Financial Statement

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These are some interesting footnotes from Indigo’s 2017 Annual Report. All values presented in this portion are in thousands of Canadian dollars.

Note 2: Nature of Operations (see pg. 32 of the 2017 Annual Report)
Indigo became Canada’s largest book, gift and specialty toy retailer when Chapters Inc. and Indigo Books & Music merged together under the laws of the Province of Ontario, in accordance to a Certificate of Amalgamation date August 16, 2001. Since then, Indigo has been operating a chain of retail bookstores across all ten provinces and one territory in Canada. As of April 1, 2017, Indigo operates 89 superstores; operating one more superstore than 2016 under the Indigo and Chapters names. Again in fiscal 2017, Indigo is operating 123 small format stores under the banners Coles, Indigospirit, Smithbooks, and The Book Company. Along with earning revenue from these physical stores, another portion of Indigo’s revenue comes from online sales. These online sales are generated from the indigo.ca website and the company’s mobile applications. These digital platforms sells a broad selection of books, gifts, toys, and paper products. In …show more content…

This decrease in cash and cash equivalent is a result of a lower amount in cash, restricted cash, and cash equivalents. Despite that in fiscal 2017 cash and cash equivalents were lower than the cash and cash equivalents amount in fiscal 2016, Indigo had held $100.0 million of short-term investments while none were held in fiscal 2016. These short-term investments consists of guaranteed investment securities with an original maturity date greater than 90 days and remaining term to maturity of less than 365 days from the date of acquisition. Since these investments are not able to be redeemed before maturity date, they are not classified with cash and cash

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