Shutterstock, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $32.6m $16.7m $54.7m $20.1m $71.8m $91.9m $76.1m $110.3m $35.9m $45.5m
Net Income (Loss) Available to Common Stockholders, Basic $32.6m $16.7m $54.7m $20.1m $71.8m $91.9m $76.1m $110.3m $35.9m $45.5m
Depreciation, Depletion and Amortization $19.9m $35.5m $45.7m $49.9m $41.4m $48.8m $68.5m $79.7m $87.6m $90.9m
Amortization of Intangible Assets $5.1m $6.3m $5.5m $7.0m $5.8m $17.1m $34.5m $42.0m $45.6m $47.5m
Capitalized Computer Software, Amortization $3.6m $14.1m $24.9m $30.3m $28.9m $26.9m $29.6m $34.9m $39.3m $41.2m
Depreciation $14.9m $29.2m $40.1m $42.9m $35.6m $31.7m $34.0m $37.7m $42.0m $43.5m
Deferred Income Tax Expense (Benefit) $1.8m $12.5m ($6.3m) ($2.0m) $1.0m ($1.8m) ($10.6m) ($26.2m) ($11.0m) $7.6m
Share-based Payment Arrangement, Noncash Expense $28.1m $25.0m $23.9m $22.8m $28.3m $36.2m $35.7m $48.6m $56.3m $61.1m
Payment, Tax Withholding, Share-based Payment Arrangement $1.0m $6.8m $7.3m $7.1m $4.5m $22.7m $22.6m $15.8m $12.2m $9.4m
Share-based Payment Arrangement, Expense $25.0m $23.9m $22.8m $28.3m $36.2m $35.7m $48.6m $56.3m $61.1m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount $0 $0 $5.0m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment $0 $0 $0 $0
Income Tax Expense (Benefit) $11.9m $13.4m $11.4m $4.8m $17.8m $12.9m $14.9m $12.2m $26.6m $29.8m
Interest Expense Nonoperating $10.6m $16.8m
Other Nonoperating Income (Expense) $4.8m $4.3m ($204k) $87k $3.8m $4.4m $17.1m
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $13.2m $10.0m ($2.6m) $6.2m ($513k) $4.1m $22.1m $24.4m ($4.9m) $16.3m
Accounts Receivable, Credit Loss Expense (Reversal) $3.0m $1.3m $1.2m $84k $2.6m $137k $3.7m $1.9m ($2.0m) $713k
Proceeds from Stock Options Exercised $8.7m $1.7m $2.5m $5.4m $1.2m $2.1m $1.8m $2k $0 $0
Purchases of property and equipment, accrued but unpaid $40.0m $55.1m $34.9m $26.1m $25.6m $28.1m $43.3m $44.6m $47.2m $42.9m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $38.6m $0 $0
Foreign Currency Transaction Gain (Loss), Realized ($167k) $2.8m ($1.8m) $540k $3.1m ($3.3m) ($1.3m) $879k ($1.8m) ($2.5m)
General and Administrative Expense $71.0m $98.7m $97.8m $113.2m $116.6m $130.8m $132.6m $142.6m $159.1m $198.0m
Goodwill $49.3m $98.7m $88.6m $89.0m $89.4m $219.8m $381.9m $383.3m $569.7m $574.6m
Nonoperating Income (Expense) ($1.3m) $3.7m ($5.0m) $4.8m $4.3m ($3.4m) ($2.6m) $3.8m
Unrealized Gain (Loss) on Investments $0 $0 $2.2m $20.9m
Net Cash Provided by (Used in) Operating Activities $101.1m $108.0m $102.2m $102.6m $165.1m $216.4m $158.5m $140.6m $32.6m $166.7m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $40.0m $55.1m $34.9m $26.1m $25.6m $28.1m $43.3m $44.6m $47.2m $42.9m
Payments to Acquire Businesses, Net of Cash Acquired $181.6m $211.8m $53.7m $179.1m $0
Net Cash Provided by (Used in) Investing Activities ($57.2m) ($57.4m) ($12.8m) ($27.2m) ($35.3m) ($250.4m) ($275.6m) ($54.3m) ($166.2m) ($47.8m)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock $23.2m $0 $0
Payments for Repurchase of Common Stock $60.2m $25.0m $0 $0 $26.5m $73.5m $28.2m $41.6m $0
Dividends paid $104.9m $0 $24.4m $30.7m $34.6m $38.7m $42.4m $46.5m
Net Cash Provided by (Used in) Financing Activities ($53.1m) ($33.9m) ($109.7m) ($1.7m) ($4.6m) ($77.7m) ($79.5m) ($102.7m) $150.1m ($59.1m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($7.5m) $12.5m ($2.2m) ($1.3m) ($2.5m) ($2.8m) ($2.3m) $1.8m ($5.8m) $7.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($7.5m) $12.5m ($2.2m) $72.4m $122.7m ($114.6m) ($198.9m) ($14.7m) $10.8m $67.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $233.5m $305.9m $428.6m $314.0m $115.2m $100.5m $111.3m $178.2m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $0 $0 $1.0m $1.7m $7.8m $16.5m
Income Taxes Paid, Net $19.2m $5.0m $580k $1.9m $8.8m $19.1m $23.4m $33.1m $34.0m $20.2m