Shutterstock, Inc. (SSTK) financial statements (2022 and earlier)

Company profile

Business Address 350 FIFTH AVENUE
NEW YORK, NY 10118
State of Incorp. DE
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments314,017428,574303,261230,852253,428279,162288,382
Cash and cash equivalents314,017428,574303,261230,852253,428224,190241,304
Short-term investments     54,97247,078
Receivables47,70743,84647,01641,02849,93238,10725,653
Deferred tax assets   7,116
Other undisclosed current assets26,49116,65026,70334,84137,10922,56914,524
Total current assets:388,215489,070376,980306,721340,469339,838335,675
Noncurrent Assets
Operating lease, right-of-use asset34,57039,55245,453
Property, plant and equipment48,07450,90658,83476,18885,69856,10132,094
Intangible assets, net (including goodwill)343,638115,178115,643118,116132,85179,42880,715
Goodwill219,81689,41388,97488,57698,65449,27150,934
Intangible assets, net (excluding goodwill)123,82225,76526,66929,54034,19730,15729,781
Deferred costs    5,500  
Deferred income tax assets10,51213,56614,387
Other noncurrent assets26,70121,37219,21518,0888,9973,3981,946
Deferred tax assets, net  23,01318,691
Other undisclosed noncurrent assets   12,3754,261  
Total noncurrent assets:463,495240,574253,532224,767237,307161,940133,446
TOTAL ASSETS:851,710729,644630,512531,488577,776501,778469,121
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities109,62170,35159,96858,59765,89448,41138,465
Accounts payable10,0922,4426,1047,2127,1607,3056,816
Accrued liabilities99,52967,90953,86451,38558,73441,10630,696
Taxes payable      953
Deferred revenue180,979149,843141,922
Debt  9,573    
Deferred revenue and credits157,803122,23598,939
Other liabilities14,18010,39918,8112,1311,95712,3786,258
Other undisclosed current liabilities29,00426,33615,620162,57520,08820,47317,122
Total current liabilities:333,784256,929245,894223,303245,742203,497160,784
Noncurrent Liabilities
Long-term debt and lease obligation36,96641,62047,313    
Operating lease, liability36,96641,62047,313
Liabilities, other than long-term debt12,4789,1709,16021,44115,96311,58519,772
Deferred tax liabilities, net  2,1473,778
Deferred income tax liabilities2,781  
Other liabilities9,6979,1709,16021,44115,9639,43815,994
Other undisclosed noncurrent liabilities   771,486  
Total noncurrent liabilities:49,44450,79056,47321,51817,44911,58519,772
Total liabilities:383,228307,719302,367244,821263,191215,082180,556
Stockholders' equity
Stockholders' equity attributable to parent468,482421,925328,145286,667314,585286,696288,565
Common stock392389381376373369361
Treasury stock, value(127,196)(100,027)(100,027)(100,027)(100,027)(77,567)(15,635)
Additional paid in capital376,537360,939312,824291,710272,657251,890213,851
Accumulated other comprehensive loss(10,788)(7,681)(6,220)(6,471)(3,557)(17,061)(6,449)
Retained earnings229,537168,305121,187101,079145,139129,06596,437
Total stockholders' equity:468,482421,925328,145286,667314,585286,696288,565
TOTAL LIABILITIES AND EQUITY:851,710729,644630,512531,488577,776501,778469,121

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues773,415666,686650,523623,250557,111494,317425,149
Revenue, net557,111494,317425,149
Cost of revenue
(Cost of Goods and Services Sold)
(277,659)(259,573)(278,176)(267,671)(233,102)(203,129)(174,526)
Gross profit:495,756407,113372,347355,579324,009291,188250,623
Operating expenses(387,650)(321,847)(352,192)(323,127)(297,660)(245,402)(209,605)
Operating income:108,10685,26620,15532,45226,34945,78641,018
Nonoperating income (expense)(3,370)4,2574,761(4,952)3,732(1,289)(6,746)
Foreign currency transaction gain (loss), before tax(3,303)3,067540(1,807)2,841(167)(2,003)
Other undisclosed income from continuing operations before equity method investments, income taxes   38,613   
Income from continuing operations before income taxes:104,73689,52324,91666,11330,08144,49734,272
Income tax expense(12,853)(17,757)(4,808)(11,426)(13,354)(11,869)(14,720)
Net income attributable to parent:91,88371,76620,10854,68716,72732,62819,552
Other undisclosed net loss available to common stockholders, basic      (2)
Net income available to common stockholders, diluted:91,88371,76620,10854,68716,72732,62819,550

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:91,88371,76620,10854,68716,72732,62819,552
Comprehensive income:91,88371,76620,10854,68716,72732,62819,552
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,107)(1,461)251(2,914)13,504(10,612)(5,820)
Comprehensive income, net of tax, attributable to parent:88,77670,30520,35951,77330,23122,01613,732

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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