Shutterfly, inc. (SFLY)
Income statement / 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'11Mar'11Sep'10Jun'10
Net revenue

2,116,820

2,086,776

1,961,820

1,605,609

1,432,295

1,197,955

1,190,202

1,157,673

1,149,558

1,144,487

1,134,224

1,121,078

1,101,242

1,081,160

1,059,429

994,674

969,190

944,459

921,580

849,043

829,720

804,033

783,642

724,631

700,482

666,041

640,624

552,601

530,588

507,332

473,270

258,474

228,758

0

0

0

Cost of net revenue

1,053,213

1,045,928

961,575

838,230

744,600

629,577

619,650

595,480

582,126

573,513

566,117

564,802

555,039

542,094

528,078

502,661

484,396

471,084

452,720

414,120

395,702

384,083

369,593

343,842

327,663

306,657

294,857

264,360

250,878

240,049

219,542

135,980

117,512

0

0

0

Restructuring

-

-

-

0

-

-

1,475

1,475

1,436

1,240

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross profit

1,063,607

1,040,848

1,000,245

767,379

687,656

568,143

569,077

560,718

565,996

569,734

568,107

556,276

546,203

539,066

531,351

492,013

484,794

473,375

468,860

434,923

434,018

419,950

414,049

380,789

372,819

359,384

345,767

288,241

279,710

267,283

253,728

122,494

111,246

0

0

0

Operating expenses:
Technology and development

192,015

186,829

177,001

171,075

165,954

160,932

168,383

169,010

172,680

174,595

166,909

166,256

161,038

156,227

155,318

148,449

143,871

139,500

133,623

128,065

122,085

116,451

108,995

102,802

96,832

91,265

85,746

78,461

75,029

71,070

65,675

59,792

54,163

0

0

0

Sales and marketing

592,308

587,483

505,833

382,241

280,197

192,541

197,708

217,506

226,078

230,630

233,585

234,005

235,154

238,061

236,749

225,368

224,398

218,432

216,035

208,734

203,426

197,223

189,985

172,137

164,938

156,663

148,806

136,120

131,797

126,725

113,952

75,947

62,006

0

0

0

General and administrative

211,614

214,163

197,340

175,647

149,096

121,567

117,797

114,241

116,528

115,609

118,503

118,751

120,019

122,103

121,019

121,398

119,588

116,811

112,957

107,782

103,860

98,865

93,011

87,045

81,367

75,627

70,502

61,662

59,833

60,191

58,710

51,950

47,360

0

0

0

Capital lease termination

-

-

-

0

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring

8,913

8,591

4,618

2,952

6,230

7,755

15,491

15,491

12,213

7,736

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

1,004,850

997,066

884,792

731,915

601,477

490,893

507,477

524,346

535,597

528,570

518,997

519,012

516,211

516,391

513,086

495,215

487,857

474,743

462,615

444,581

429,371

412,539

391,991

361,984

343,137

323,555

305,054

276,243

266,659

257,986

238,337

187,689

163,529

0

0

0

Loss from operations

58,757

43,782

115,453

35,464

86,179

77,250

61,600

36,372

30,399

41,164

49,110

37,264

29,992

22,675

18,265

-3,202

-3,063

-1,368

6,245

-9,658

4,647

7,411

22,058

18,805

29,682

35,829

40,713

11,998

13,051

9,297

15,391

-65,195

-52,283

0

0

0

Interest expense

65,402

69,859

61,239

53,280

43,319

31,505

27,836

24,579

23,606

23,312

23,023

22,726

22,613

21,937

20,998

19,882

18,650

17,521

16,732

15,946

15,174

13,254

9,446

5,825

2,364

584

597

520

372

216

64

0

21

0

0

0

Interest and other income, net

4,400

4,873

5,444

4,961

4,358

3,041

1,481

808

685

569

501

468

771

763

744

780

449

383

508

510

547

528

308

193

68

42

42

40

31

28

35

51

240

0

0

0

Loss before income taxes

-2,245

-21,204

59,658

-12,855

47,218

48,786

35,245

12,601

7,478

18,421

26,588

15,006

8,150

1,501

-1,989

-22,304

-21,264

-18,506

-9,979

-25,094

-9,980

-5,315

12,920

13,173

27,386

35,287

40,158

11,518

12,710

9,109

15,362

-65,144

-52,064

0

0

0

Benefit from income taxes

-9,967

-15,146

9,262

2,641

14,778

12,672

5,160

3,258

1,683

6,273

10,682

-41,032

-13,966

-13,323

-1,146

10,003

-5,790

243

-2,119

38,767

17,785

7,209

3,635

-5,490

9,053

14,654

17,160

6,136

6,803

-2,659

1,314

-39,011

-29,999

0

0

0

Net loss

7,722

-6,058

50,396

-15,496

32,440

36,114

30,085

9,343

5,795

12,148

15,906

56,038

22,116

14,824

-843

-32,307

-15,474

-18,749

-7,860

-63,861

-27,765

-12,524

9,285

18,663

18,333

20,633

22,998

5,382

5,907

11,768

14,048

-26,133

-22,065

0

0

0

Weighted average shares:
Net loss per share - basic and diluted (in dollars per share)

-0.37

-2.47

-

-2.20

-0.80

-0.83

-

-0.78

-0.68

-0.98

-

-0.86

-0.48

-0.85

-

-1.73

-0.63

-1.19

-

-1.20

-0.70

-0.89

-

-0.27

-0.31

-0.33

-

-0.29

-0.27

-0.29

-

-0.29

-0.11

-0.27

-0.17

-0.22

Weighted-average shares outstanding - basic and diluted (in shares)

34,254

33,918

-

33,470

33,234

32,702

-

32,878

33,579

33,712

-

33,932

34,177

34,596

-

36,369

37,537

37,968

-

38,453

38,438

38,503

-

37,814

37,775

37,034

-

36,062

35,812

35,199

-

34,576

33,160

-

27

26

Stock-based compensation for operating segments

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of net revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Technology and development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Sales and marketing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

General and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0