Shutterfly

Shutterfly, Inc. is a photography company at heart, and our vision is to help people share life's joy. As the leading Internet-based social expression and personal publishing service, we offer products through our premium lifestyle brands – Shutterfly, Tiny Prints, Wedding Paper Divas, MyPublisher, BorrowLenses, and Groovebook. Through creativity and passion, we provide a full range of products and services that inspire millions of people to be creative in preserving their memories and sharing their stories. We enable them to easily create, enhance, share, print, and preserve their memories by leveraging beautiful and modern design, a world-class technology platform, and state-of-the-art manufacturing. We focus on delighting customers and delivering exceptional customer experiences. We recognize and develop talent, reward high achievement, and encourage our employees to have balanced lives. We give back to our communities through employee volunteer programs, as well as partnerships with Ellen DeGeneres, Baby2Baby, and other amazing philanthropic organizations.

Type
Public
HQ
Redwood City, US
Founded
1999
Size (employees)
2,084 (est)+4%
Shutterfly was founded in 1999 and is headquartered in Redwood City, US

Shutterfly Office Locations

Shutterfly has offices in Redwood City, Fort Mill, Haifa, Las Vegas and in 6 other locations
Redwood City, US (HQ)
2800 Bridge Pkwy
Show all (10)

Shutterfly Data and Metrics

Shutterfly Financial Metrics

Shutterfly's revenue was reported to be $192 m in Q1, 2017
USD

Revenue (Q1, 2017)

192 m

Gross profit (Q1, 2017)

75.9 m

Gross profit margin (Q1, 2017), %

40%

Net income (Q1, 2017)

(33.2 m)

EBIT (Q1, 2017)

(49.8 m)

Market capitalization (21-Jul-2017)

1.6 b

Cash (31-Mar-2017)

161.5 m
Shutterfly's current market capitalization is $1.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

783.6 m921.6 m1.1 b1.1 b

Revenue growth, %

18%15%7%

Cost of goods sold

452.7 m528.1 m566.1 m

Gross profit

468.9 m531.4 m568.1 m

Gross profit Margin, %

51%50%50%

Sales and marketing expense

233.6 m

R&D expense

166.9 m

General and administrative expense

118.5 m

Operating expense total

392 m462.6 m513.1 m519 m

EBIT

22.1 m6.2 m18.3 m49.1 m

EBIT margin, %

3%1%2%4%

Interest expense

9.4 m16.7 m21 m23 m

Interest income

508 k744 k501 k

Pre tax profit

26.6 m

Income tax expense

3.6 m(2.1 m)(1.1 m)

Net Income

9.3 m(7.9 m)(843 k)15.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

159.1 m142 m160 m183.9 m167.5 m181.7 m204 m187.3 m192 m

Cost of goods sold

83.3 m89.7 m94.7 m96.6 m108 m108.7 m109.6 m117.8 m116.1 m

Gross profit

75.8 m52.3 m65.3 m87.2 m59.5 m73 m94.4 m69.6 m75.9 m

Gross profit Margin, %

48%37%41%47%36%40%46%37%40%

Sales and marketing expense

44.5 m42.1 m44.5 m50.4 m43.1 m45.8 m47.5 m41.9 m42.9 m

R&D expense

32.1 m33.5 m37.4 m36.5 m38.1 m38.3 m41.3 m43.3 m46 m

General and administrative expense

25.9 m25.6 m29.6 m28.7 m27.4 m30.7 m26.6 m26.2 m27.8 m

Operating expense total

102.5 m101.2 m111.5 m115.6 m108.6 m114.8 m115.4 m111.4 m116.6 m

EBIT

(26.7 m)(48.9 m)(46.2 m)(28.4 m)(49.1 m)(41.8 m)(21.1 m)(41.8 m)(49.8 m)

EBIT margin, %

(17%)(34%)(29%)(15%)(29%)(23%)(10%)(22%)(26%)

Interest expense

(3.9 m)(4.4 m)(4.7 m)(5 m)(5.6 m)(5.7 m)(5.7 m)(5.7 m)(6 m)

Interest income

54 k102 k102 k120 k433 k121 k128 k130 k189 k

Pre tax profit

(30.5 m)(53.2 m)(50.9 m)(33.3 m)(54.2 m)(47.4 m)(26.6 m)(47.4 m)(55.5 m)

Income tax expense

18.2 m

Net Income

(27.1 m)(46.2 m)(45.1 m)(23.8 m)(63.1 m)(29.4 m)(16.5 m)(29.2 m)(33.2 m)
USDY, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

179.9 m245.1 m499.1 m380.5 m288.9 m289.2 m

Accounts Receivable

21.6 m31.1 m55.2 m57.4 m

Inventories

9.6 m13 m13.5 m11.8 m

Current Assets

578.6 m549.2 m413.6 m432.8 m

PP&E

155.7 m241.7 m281.8 m284.1 m

Goodwill

397.3 m409 m409 m409 m

Total Assets

1.3 b1.3 b1.2 b1.2 b

Accounts Payable

33.7 m30.1 m35.3 m58.8 m

Current Liabilities

165.2 m197 m211.8 m220.6 m

Total Liabilities

636.4 m

Additional Paid-in Capital

771.9 m838.3 m900.2 m949.9 m

Retained Earnings

(294.1 m)(390.7 m)

Total Equity

788.1 m757.8 m606.1 m559.2 m

Financial Leverage

1.6 x1.8 x2 x2.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

239.9 m197.7 m238.2 m133.6 m96.5 m145.9 m99.2 m60.2 m161.5 m

Accounts Receivable

15.4 m26 m20.2 m24.1 m48.9 m30.1 m28.9 m44.8 m33.2 m

Inventories

9.1 m16.3 m12 m10.5 m11.6 m12 m11.5 m11.4 m9.7 m

Current Assets

366 m362.2 m417.2 m302.9 m269 m270 m238.9 m239 m309.4 m

PP&E

189.7 m209.3 m258.1 m279.4 m285.6 m272.7 m267.8 m292.8 m266.8 m

Goodwill

396.9 m396.9 m409 m409 m409 m409 m409 m409 m409 m

Total Assets

1.1 b1.1 b1.2 b1.1 b1.1 b1 b998.8 m1 b1.1 b

Accounts Payable

16.7 m28.4 m12.9 m11.2 m14.9 m14.4 m11.6 m17.9 m14.1 m

Current Liabilities

87.9 m108.1 m105.5 m104.6 m116.5 m107.6 m108.4 m128.2 m115.5 m

Additional Paid-in Capital

820.4 m834.7 m875.5 m814.4 m901.7 m917 m927 m937 m962.6 m

Retained Earnings

(170.8 m)(237.1 m)(380.2 m)(371 m)(418.2 m)(460 m)(420.7 m)

Total Equity

729.3 m692.9 m704.8 m577.3 m521.6 m546.1 m508.8 m477 m541.8 m

Financial Leverage

1.6 x1.6 x1.7 x1.9 x2 x1.9 x2 x2.1 x1.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

9.3 m(7.9 m)(843 k)15.9 m

Depreciation and Amortization

43.9 m64.9 m86.3 m93.5 m

Accounts Receivable

(7.2 m)(9.5 m)(24 m)(2.1 m)

Inventories

(3.7 m)(3.4 m)(450 k)1.7 m

Accounts Payable

3.6 m(1.3 m)3.1 m27.1 m

Cash From Operating Activities

147.3 m166.5 m165 m193.4 m

Purchases of PP&E

(62.6 m)(71.2 m)(55.4 m)(56.3 m)

Cash From Investing Activities

(154.8 m)(197.4 m)(33.1 m)(64.4 m)

Cash From Financing Activities

261.6 m(87.6 m)(223.6 m)(128.7 m)

Interest Paid

466 k1.1 m6.3 m3.2 m

Income Taxes Paid

2.2 m667 k1.1 m1.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(27.1 m)(46.2 m)(45.1 m)(23.8 m)(63.1 m)(29.4 m)(16.5 m)(29.2 m)(33.2 m)

Accounts Receivable

15.4 m26 m20.2 m24.1 m48.9 m30.1 m28.9 m44.8 m33.2 m

Inventories

9.1 m16.3 m12 m10.5 m11.6 m12 m11.5 m11.4 m9.7 m

Accounts Payable

16.7 m28.4 m12.9 m11.2 m14.9 m14.4 m11.6 m17.9 m14.1 m
USDY, 2017

Revenue/Employee

92.1 k

Financial Leverage

1.9 x

Shutterfly Operating Metrics

Shutterfly's Facilities was reported to be 3 in FY, 2016. Shutterfly's Orders was reported to be 5.5 m in Q1, 2017
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Average Order Value

$33.76$36.14$30.63$40$28.86$32.5$25.83$37.26$28.04$33.3$26.71$36.8$29.02

Customers, consumer

2.56 m2.64 m2.52 m9.21 m3.19 m3.13 m3.11 m9.75 m3.32 m3.26 m3.15 m10.12 m3.37 m

Orders

3.87 m4.16 m4.16 m21.77 m5.16 m5.04 m5.34 m25.81 m5.54 m5.3 m5.4 m27.11 m5.54 m

Facilities

333

Patents (US)

7788100

Patents Pending (US)

403020

Photos

30 b

Downloads

1 m

    Shutterfly Market Value History

    Shutterfly Revenue Breakdown

    Shutterfly Median Salaries

    Source: 212 public H-1B filings from Shutterfly

    Shutterfly Online and Social Media Presence

    Shutterfly News and Updates

    Shutterfly Company Life and Culture

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