Shutterstock (SSTK) stock price, revenue, and financials

Shutterstock market cap is $1.4 b, and annual revenue was $650.52 m in FY 2019

$1.4 B

SSTK Mkt cap, 29-May-2020

$161.3 M

Shutterstock Revenue Q1, 2020
Shutterstock Gross profit (Q1, 2020)92.2 M
Shutterstock Gross profit margin (Q1, 2020), %57.1%
Shutterstock Net income (Q1, 2020)4.3 M
Shutterstock EBIT (Q1, 2020)5.8 M
Shutterstock Cash, 31-Mar-2020295.7 M
Shutterstock EV1.1 B

Shutterstock Revenue

Shutterstock revenue was $650.52 m in FY, 2019

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Shutterstock Revenue Breakdown

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Shutterstock revenue breakdown by business segment: 97.1% from Content Segment and 2.9% from Other

Shutterstock revenue breakdown by geographic segment: 28.1% from Rest of the world, 39.3% from North America and 32.6% from Europe

Shutterstock Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

328.0m425.1m494.3m557.1m623.3m650.5m

Revenue growth, %

39%30%16%13%

Cost of goods sold

130.0m174.5m203.1m233.1m267.7m278.2m

Gross profit

197.9m250.6m291.2m324.0m355.6m372.3m

Gross profit Margin, %

60%59%59%58%57%57%

Sales and marketing expense

82.1m106.6m126.6m146.5m166.4m181.7m

R&D expense

38.3m41.3m47.8m52.5m58.9m57.2m

General and administrative expense

38.5m61.6m71.0m98.7m97.8m113.2m

Operating expense total

158.9m209.6m245.4m297.7m323.1m352.2m

EBIT

39.0m41.0m45.8m26.3m32.5m20.2m

EBIT margin, %

12%10%9%5%5%3%

Interest expense

5.0m4.8m

Pre tax profit

38.2m34.3m44.5m30.1m66.1m24.9m

Income tax expense

16.1m14.7m11.9m13.4m11.4m4.8m

Net Income

22.1m19.6m32.6m16.7m54.7m20.1m

Shutterstock Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

233.5m241.3m224.2m253.4m230.9m303.3m

Accounts Receivable

15.3m25.7m38.1m49.9m41.0m47.0m

Prepaid Expenses

12.1m11.7m22.6m37.1m34.8m26.7m

Current Assets

323.5m335.7m339.8m340.5m306.7m377.0m

PP&E

26.7m32.1m56.1m85.7m76.2m58.8m

Goodwill

10.2m50.9m49.3m98.7m88.6m89.0m

Total Assets

383.8m469.1m501.8m577.8m531.5m630.5m

Accounts Payable

5.3m6.8m7.3m7.2m7.2m6.1m

Current Liabilities

120.3m160.8m203.5m245.7m223.3m245.9m

Long-term debt

47.3m

Total Debt

47.3m

Total Liabilities

132.3m180.6m215.1m263.2m244.8m302.4m

Common Stock

373.0k376.0k381.0k

Additional Paid-in Capital

174.8m213.9m251.9m272.7m291.7m312.8m

Retained Earnings

76.9m96.4m129.1m145.1m101.1m121.2m

Total Equity

251.4m288.6m286.7m314.6m286.7m328.1m

Financial Leverage

1.5 x1.6 x1.8 x1.8 x1.9 x1.9 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

190.5m211.5m229.6m220.6m210.9m238.0m195.4m210.6m284.9m289.8m206.4m240.1m259.1m285.4m295.7m

Accounts Receivable

22.7m23.7m25.6m30.4m33.3m34.1m38.0m38.2m44.6m44.7m45.9m45.4m44.3m46.9m45.2m

Prepaid Expenses

12.7m14.0m12.4m12.1m18.2m16.6m28.0m29.2m33.6m27.3m28.3m35.4m29.7m31.7m28.8m

Current Assets

289.7m313.4m330.2m329.3m328.8m351.9m316.3m332.9m363.0m361.9m280.6m321.0m333.1m364.0m369.7m

PP&E

27.1m29.0m29.9m37.9m41.3m49.8m63.9m69.5m88.2m84.7m81.2m72.6m68.4m63.2m56.9m

Goodwill

53.5m54.7m52.2m52.4m51.4m50.5m49.7m51.0m89.6m88.0m88.8m88.9m88.4m88.0m88.1m

Total Assets

420.8m449.4m465.0m469.3m468.4m507.3m486.6m511.0m606.5m593.3m513.2m587.5m593.0m617.2m615.0m

Accounts Payable

8.9m9.3m9.0m9.0m10.6m15.3m11.7m3.0m8.7m4.6m4.0m4.9m3.9m4.2m4.1m

Current Liabilities

141.4m147.7m154.8m170.4m183.8m202.8m196.1m205.7m230.9m216.0m226.6m232.2m228.8m247.9m232.3m

Long-term debt

48.6m47.0m46.0m45.5m

Total Debt

48.6m47.0m46.0m45.5m

Total Liabilities

159.0m165.7m172.1m192.2m194.2m214.0m210.6m219.4m249.4m234.3m244.6m292.5m289.0m301.0m287.2m

Common Stock

376.0k378.0k379.0k380.0k381.0k

Additional Paid-in Capital

185.0m198.0m206.8m222.2m232.3m244.3m255.4m262.1m275.4m281.6m287.0m292.5m299.1m307.8m316.8m

Retained Earnings

80.1m85.5m89.6m102.6m109.8m119.2m135.0m138.1m183.9m183.6m86.2m108.6m111.9m116.8m119.2m

Total Equity

261.8m283.6m292.9m277.2m274.1m293.3m275.9m291.5m357.2m358.9m268.6m295.0m303.9m316.3m327.7m

Financial Leverage

1.6 x1.6 x1.6 x1.7 x1.7 x1.7 x1.8 x1.8 x1.7 x1.7 x1.9 x2 x2 x2 x1.9 x

Shutterstock Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

22.1m19.6m32.6m16.7m54.7m20.1m

Depreciation and Amortization

7.9m14.8m19.9m35.5m45.7m49.9m

Accounts Receivable

(10.1m)(11.1m)(13.2m)(10.0m)2.6m(6.2m)

Accounts Payable

10.0m2.2m10.8m12.0m6.4m8.4m

Cash From Operating Activities

82.9m85.3m101.1m108.0m102.2m102.6m

Purchases of PP&E

(34.9m)(26.1m)

Capital Expenditures

(17.9m)(14.0m)(40.0m)(55.1m)

Cash From Investing Activities

(29.0m)(71.8m)(57.2m)(57.4m)(12.8m)(27.2m)

Dividends Paid

(104.9m)

Cash From Financing Activities

24.9m(4.1m)(53.5m)(33.9m)(109.7m)(1.7m)

Net Change in Cash

78.1m7.9m(17.1m)29.2m(22.6m)72.4m

Income Taxes Paid

254.0k14.5m19.2m5.0m580.0k1.9m

Free Cash Flow

64.9m71.3m61.2m53.0m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

3.2m8.6m12.7m6.1m13.4m22.8m6.6m9.7m14.7m32.6m32.3m39.8m7.5m10.8m15.8m4.3m

Depreciation and Amortization

3.0m6.5m10.4m4.2m9.0m14.2m7.0m14.7m24.9m10.9m22.2m33.9m11.9m25.3m37.3m10.5m

Accounts Receivable

(4.0m)(6.2m)(8.6m)(6.0m)(10.7m)(12.2m)(404.0k)(924.0k)(5.4m)561.0k(171.0k)(1.8m)(3.8m)(2.7m)(5.6m)673.0k

Accounts Payable

2.3m1.7m3.7m1.3m4.6m15.5m362.0k5.0m11.3m15.2m(6.0m)1.4m2.0m1.9m13.3m(2.3m)

Cash From Operating Activities

21.5m40.1m59.4m23.0m41.6m76.7m17.2m40.4m71.5m21.1m38.0m68.5m19.7m46.7m77.0m6.9m

Purchases of PP&E

(29.5m)(7.3m)(13.7m)(19.5m)(7.7m)

Capital Expenditures

(2.2m)(6.1m)(9.9m)(7.8m)(16.3m)(26.7m)(13.5m)(25.8m)(37.6m)(15.0m)(23.1m)

Cash From Investing Activities

(65.6m)(70.0m)(72.0m)(17.1m)(26.4m)(38.9m)(15.7m)(28.7m)(60.0m)10.9m2.2m(6.5m)(5.3m)(12.5m)(18.9m)(8.4m)

Dividends Paid

(104.9m)(6.0m)

Cash From Financing Activities

2.9m8.4m9.7m(27.6m)(43.9m)(38.8m)(32.1m)(32.8m)(33.1m)(2.8m)(3.1m)(108.5m)(3.9m)(5.0m)(1.8m)(7.8m)

Net Change in Cash

(43.0m)(22.0m)(3.8m)(20.7m)(30.4m)(3.3m)(28.8m)(13.6m)(11.4m)31.5m36.4m(47.0m)9.3m28.2m54.5m(10.2m)

Income Taxes Paid

1.3m7.8m11.7m4.2m11.9m16.3m2.1m3.3m4.1m(1.8m)124.0k364.0k305.0k494.0k

Free Cash Flow

19.3m34.0m49.6m15.2m25.3m50.0m3.7m14.6m33.9m6.1m15.0m

Shutterstock Ratios

USDY, 2020

EV/EBIT

190.4 x

EV/CFO

160.5 x

Financial Leverage

1.9 x

Shutterstock Employee Rating

3.2379 votes
Culture & Values
3.2
Work/Life Balance
3.7
Senior Management
2.9
Salary & Benefits
3.7
Career Opportunities
3.1
Source