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SSTK Price Correlated With Financials For Shutterstock

Free historical financial statements for Shutterstock Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 37 quarters since 2013. Compare with SSTK stock chart to see long term trends.

SSTK Stock Compared to Quarterly

SSTK Income Statement

Revenue, Net:199132000
Revenue Per Share:5.4853
Cost of Goods & Services Sold:69451000
Selling, General & Admin Expense:53329000
Research & Development Expense:13626000
Total Operating Expenses:167214000
Operating Income:32676000
Income Taxes:6104000
Net Income:26572000
Earnings Per Share, Basic:0.73
Shares Outstanding, Basic Avg:36303000

SSTK Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:15065000
Change in Accounts Receiveable:-2366000
Net Cash from Operations:22723000
Net Cash from Operations Per Share:0.6259
Repurchases/Buybacks Common Stock:38372000
Cash Dividends Paid:8706000
Net Cash from Financing Activities:-65574000
Property, Plant & Equipment Purchases:11775000
Purchases of Businesses, Net of Cash:0
Net Cash from Investing Activities:-12525000
Net Change in Cash & Equivalents:-55905000

SSTK Balance Sheet

Cash and Cash Equivalents:258112000
Accounts Receivable, Net:44774000
Total Current Assets:339719000
Property, Plant & Equipment, Net:50206000
Total Assets:795978000
Accounts Payable:7208000
Total Short-Term Liabilities:303886000
Total Liabilities:351555000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Hennessy Paul J.   Director
10,000 sh at $56
$564,700
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock Inc.
3,792,771 sh
-65,797 sh
-2%
$353,030
-$74,808
Vanguard Group Inc
2,742,470 sh
-7,102 sh
0%
$255,269
-$49,604
Conestoga Capital Advisors, LLC
1,087,633 sh
527,928 sh
94%
$101,237
$39,177
Renaissance Technologies LLC
909,501 sh
15,000 sh
2%
$84,656
-$14,526
Dimensional Fund Advisors LP
788,793 sh
-3,051 sh
0%
$73,424
-$14,377
Invesco Ltd.
748,397 sh
-5,600 sh
-1%
$69,661
-$13,942
Loomis Sayles & Co L P
700,773 sh
-13,369 sh
-2%
$65,228
-$13,956
Copeland Capital Management, LLC
575,601 sh
45,421 sh
9%
$53,577
-$5,209
Bernzott Capital Advisors
445,258 sh
-562 sh
0%
$41,445
-$7,987
Geode Capital Management, LLC
417,198 sh
-45,895 sh
-10%
$38,832
-$12,515
Pembroke Management, Ltd
363,121 sh
65,562 sh
22%
$33,799
$806
Boston Trust Walden Corp
351,514 sh
121,311 sh
53%
$32,719
$7,194
Northern Trust Corp
297,365 sh
-67,417 sh
-18%
$27,679
-$12,768
Rice Hall James & Associates, LLC
288,481 sh
-2,119 sh
-1%
$26,852
-$5,370
Bank Of New York Mellon Corp
251,756 sh
-6,252 sh
-2%
$23,433
-$5,174
Hood River Capital Management LLC
233,007 sh
5,423 sh
2%
$21,688
-$3,547
Charles Schwab Investment Management Inc
190,833 sh
13,389 sh
8%
$17,764
-$1,912
Principal Financial Group Inc
186,185 sh
-16,393 sh
-8%
$17,331
-$5,130
Nordea Investment Management Ab
129,805 sh
5,094 sh
4%
$12,361
-$1,569
Proshare Advisors LLC
127,123 sh
-13,862 sh
-10%
$11,833
-$3,799
COMPANY PROFILE
Summary of Operations and Significant Accounting Policies Description of Business

Shutterstock (the “Company” or “Shutterstock”) is a leading global creative platform offering full-service solutions, high-quality content, and creative workflow solutions for brands, businesses and media companies. The Company’s platform brings together users and contributors of content by providing readily-searchable content that our customers pay to license and by compensating contributors as their content is licensed. Contributors upload their content to the Company’s web properties in exchange for royalty payments based on customer download activity.

The Company’s key offerings include:

• Images - consisting of photographs, vectors and illustrations. Images are typically used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications and other similar uses.

• Footage - consisting of video clips, premium footage filmed by industry experts and cinema grade video effects, available in HD and 4K formats. Footage is often integrated into websites, social media, marketing campaigns and cinematic productions.

• Music - consisting of high-quality music tracks and sound effects, which are often used to complement images and footage.

• 3 Dimensional (“3D”) Models - consisting of 3D models, used in a variety of industries such as advertising, media and video production, gaming, retail, education, design and architecture, following the Company’s acquisition of TurboSquid, Inc. on February 1, 2021. See Note 3 Acquisitions.

• Creative Design Software - consisting of the Company’s online graphic design and image editing platform. On September 3, 2021, the Company completed the acquisition of substantially all of the assets and assumption of certain liabilities from PicMonkey, LLC. See Note 3 Acquisitions.

Principles of Consolidation and Basis of Presentation

The consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Certain immaterial changes in presentation have been made to conform the prior period presentation to current period reporting.

Use of Estimates

The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements. Actual results could differ from those estimates. Such estimates include, but are not limited to, the determination of the allowance for doubtful accounts, the volume of expected unused licenses for our subscription-based products, the assessment of recoverability of property and equipment, the fair value of acquired goodwill and intangible assets, the amount of non-cash equity-based compensation, the assessment of recoverability of deferred tax assets, the measurement of income tax and contingent non-income tax liabilities and the determination of the incremental borrowing rate used to calculate the lease liability.

Concentration of Risk

Financial instruments that are exposed to concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable balances. Cash and cash equivalents are held with financial institutions of high quality. Balances may exceed the amount of insurance provided on such deposits.

The majority of the Company’s revenues are derived from customers who license content using electronic payments at the time of a transaction. The Company’s accounts receivable are primarily from enterprise customers who require invoicing. The Company performs initial and ongoing credit reviews on these customers, which involve consideration of the customers’ financial information, their location, and other

Data imported from Shutterstock Inc SEC filings. Check original filings before making any investment decision.