Shutterfly, inc. (SFLY)
Balance Sheet / TTM
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

105,338

156,337

521,567

165,929

146,701

419,371

489,894

55,959

126,081

161,515

289,224

60,212

99,249

145,915

288,863

96,451

133,554

238,164

380,543

197,665

239,851

314,918

499,084

335,140

365,841

164,453

245,088

89,985

118,083

143,934

179,915

68,710

75,935

252,244

Short-term investments

19,013

24,439

34,011

38,915

53,890

120,107

178,021

44,977

44,550

45,005

26,352

32,643

31,564

23,620

22,918

37,616

56,282

65,429

64,866

50,906

40,471

24,115

0

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

60,433

56,735

87,023

75,224

58,578

54,142

82,317

61,468

30,079

33,243

57,365

44,759

28,946

30,085

55,222

48,902

24,143

20,177

31,105

25,980

15,441

14,536

21,641

15,640

14,250

10,714

13,574

14,584

11,110

13,378

12,997

8,375

5,606

4,845

Inventories

20,916

20,932

18,015

18,081

15,269

10,150

11,019

12,057

8,900

9,664

11,751

11,351

11,515

12,010

13,466

11,610

10,464

12,004

13,016

16,279

9,107

8,512

9,629

8,373

4,922

4,845

5,032

5,569

3,884

3,699

3,726

3,027

3,181

3,580

Assets held for sale

9,100

-

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,652

32,119

27,680

34,645

27,666

24,268

20,471

26,942

20,811

18,126

7,713

7,713

459

598

598

598

327

327

3,582

Prepaid expenses and other current assets

114,776

102,869

65,961

144,853

112,196

56,351

41,383

81,322

76,370

59,941

48,084

90,047

67,595

58,387

31,828

37,751

46,303

53,786

24,983

43,694

36,862

44,719

21,260

70,758

50,434

44,089

15,268

58,229

43,320

37,073

13,870

57,539

46,631

6,934

Total current assets

329,618

361,312

727,577

443,002

386,634

660,121

802,634

255,783

285,980

309,368

432,776

239,012

238,869

270,017

412,297

268,982

302,865

417,240

549,158

362,190

366,000

427,271

578,556

450,722

453,573

231,814

286,675

168,826

176,995

198,682

211,106

137,978

131,680

271,185

Long-term investments

4,872

6,082

10,808

18,626

24,974

4,941

9,242

11,739

17,015

15,903

14,479

16,114

18,504

24,832

29,005

8,718

10,257

20,723

29,928

51,739

60,992

31,295

0

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

336,655

342,073

381,018

388,862

392,662

259,951

266,860

269,145

252,485

266,844

284,110

292,782

267,846

272,728

281,779

285,566

279,394

258,076

241,742

209,322

189,652

171,400

155,727

135,593

114,119

100,769

92,667

85,262

66,361

57,860

54,123

53,103

46,531

39,726

Intangible assets, net

291,459

303,526

316,154

328,756

341,769

27,618

29,671

32,544

35,816

39,378

43,420

47,501

51,763

56,534

62,323

68,187

74,116

80,530

87,950

93,944

102,082

110,430

118,621

120,241

127,616

116,092

122,269

113,123

114,588

91,244

95,016

98,611

-102,376

5,672

Goodwill

843,698

843,628

843,607

842,917

841,374

408,975

408,975

408,975

408,975

408,975

408,975

408,975

408,975

408,975

408,975

408,975

408,975

408,975

408,975

396,942

396,942

397,242

397,306

379,675

379,588

358,050

358,349

346,243

342,046

340,408

340,408

342,431

342,730

11,163

Deferred tax asset, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

549

549

549

549

520

520

520

520

731

731

854

854

4,512

4,075

3,785

3,785

0

0

11,314

Other assets

84,872

89,293

23,045

24,253

23,623

17,622

17,418

28,751

21,796

11,597

11,816

13,554

12,838

10,046

10,948

11,992

12,359

13,253

13,976

14,857

20,134

19,610

15,412

15,783

15,601

10,873

4,310

4,772

5,186

7,461

5,448

5,055

5,330

4,770

Total assets

1,891,174

1,945,914

2,302,209

2,046,416

2,011,036

1,379,228

1,534,800

1,006,937

1,022,067

1,052,065

1,195,576

1,017,938

998,795

1,043,132

1,205,327

1,052,969

1,088,515

1,199,346

1,332,278

1,129,514

1,136,322

1,157,768

1,266,142

1,102,745

1,091,228

818,452

865,124

722,738

709,251

699,440

709,886

637,178

628,647

343,830

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt

5,234

5,348

14,203

14,407

15,249

301,004

297,054

290,157

286,316

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

45,129

41,569

105,407

33,271

33,178

17,210

91,473

25,098

20,270

14,067

58,790

17,865

11,642

14,436

35,329

14,904

11,216

12,939

30,086

28,405

16,672

17,418

33,656

20,424

16,246

11,993

31,503

14,450

13,356

8,575

9,470

10,652

4,678

22,341

Accrued liabilities

142,836

137,000

226,445

159,783

146,372

76,881

159,248

90,596

77,527

79,217

138,869

88,233

71,522

67,222

149,134

76,047

68,244

60,724

135,485

47,843

44,063

42,466

107,448

40,751

40,392

34,376

88,472

39,690

31,933

30,601

59,271

23,864

24,733

38,831

Operating lease liabilities, current portion

21,000

21,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, current portion

38,350

96,341

57,319

110,736

29,448

22,049

24,649

22,794

22,747

22,225

22,929

22,082

25,243

25,969

27,329

25,590

25,124

31,797

31,415

31,832

27,190

26,640

24,114

21,025

20,508

17,508

17,845

15,727

13,584

13,178

12,106

11,459

10,431

9,731

Total current liabilities

252,594

301,822

403,374

318,197

224,247

417,144

572,424

428,645

406,860

115,509

220,588

128,180

108,407

107,627

211,792

116,541

104,584

105,460

196,986

108,080

87,925

86,524

165,218

82,200

77,146

63,877

137,820

69,867

58,873

52,354

80,847

45,975

39,842

70,903

Long-term debt

897,985

900,145

1,090,442

1,092,084

1,094,347

291,879

292,457

-

-

-

278,792

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

59,301

60,701

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible senior notes, net

-

-

-

-

-

-

-

0

0

282,527

-

275,108

271,476

267,893

264,361

264,452

261,331

258,253

255,218

252,224

249,273

246,362

243,493

240,662

237,891

-

0

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,734

38,980

42,712

48,090

28,846

31,938

37,814

42,995

28,817

32,545

27,686

24,298

11,715

12,403

12,700

13,948

15,830

17,681

0

Other liabilities

84,707

84,619

134,027

148,932

148,146

114,607

119,195

121,522

114,870

112,217

137,035

137,603

110,078

121,524

123,112

114,672

106,341

88,160

74,178

47,510

37,863

33,720

26,341

21,382

15,528

14,091

11,720

10,537

5,736

5,949

6,094

5,383

5,159

3,320

Total liabilities

1,294,587

1,347,287

1,627,843

1,559,213

1,466,740

823,630

984,076

550,167

521,730

510,253

636,415

540,891

489,961

497,044

599,265

531,399

511,236

494,585

574,472

436,660

406,999

404,420

478,047

373,061

363,110

105,654

173,838

92,119

77,012

71,003

100,889

67,188

62,682

74,223

Commitments and contingencies (Note 12)

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Common stock, $0.0001 par value; 100,000 shares authorized; 34,382 and 33,673 shares issued and outstanding on June 30, 2019 and December 31, 2018, respectively

3

3

3

3

3

3

3

3

3

3

3

3

3

3

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

3

3

3

Additional paid-in capital

1,090,694

1,077,922

1,065,531

1,052,383

1,036,962

1,022,091

996,301

985,098

973,930

962,558

949,864

937,026

926,956

917,033

900,218

901,737

814,359

875,488

838,313

834,696

820,411

805,979

771,875

757,113

745,399

688,268

652,110

640,717

631,859

618,547

589,067

585,471

571,494

263,726

Accumulated other comprehensive (loss) income

-1,027

1,053

1,592

5,193

4,164

3,826

1,778

828

-44

-35

-32

24

60

41

-68

30

11

25

-53

-32

-11

-27

0

-

-

-

-

-

-

-

-

-

-

-

Accumulated deficit

-493,083

-480,351

-392,760

-570,376

-496,833

-470,322

-447,358

-529,159

-473,552

-420,714

-390,674

-460,006

-418,185

-370,989

-294,092

-380,201

-237,095

-170,756

-80,458

-141,814

-91,081

-52,608

16,216

-27,433

-17,285

24,526

39,172

-10,102

376

9,886

19,926

-15,484

-5,532

5,878

Total stockholders' equity

596,587

598,627

674,366

487,203

544,296

555,598

550,724

456,770

500,337

541,812

559,161

477,047

508,834

546,088

606,062

521,570

577,279

704,761

757,806

692,854

729,323

753,348

788,095

729,684

728,118

712,798

691,286

630,619

632,239

628,437

608,997

569,990

565,965

269,607

Total liabilities and stockholders' equity

1,891,174

1,945,914

2,302,209

2,046,416

2,011,036

1,379,228

1,534,800

1,006,937

1,022,067

1,052,065

1,195,576

1,017,938

998,795

1,043,132

1,205,327

1,052,969

1,088,515

1,199,346

1,332,278

1,129,514

1,136,322

1,157,768

1,266,142

1,102,745

1,091,228

818,452

865,124

722,738

709,251

699,440

709,886

637,178

628,647

343,830