Shutterstock, inc. (SSTK)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'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'12Dec'11
ASSETS
Current assets:
Cash and cash equivalents

295,711

303,261

285,396

259,069

240,141

230,852

206,409

289,841

284,882

253,428

212,782

210,550

195,395

224,190

237,997

210,918

220,563

241,304

229,607

211,479

190,479

233,453

210,760

180,851

157,978

155,355

195,519

112,803

107,013

102,096

28,793

14,097

Short-term investments

-

-

-

-

-

-

-

-

-

-

22,500

54,963

54,901

54,972

52,407

54,974

54,980

47,078

52,491

54,891

54,992

54,844

49,720

54,997

54,994

54,429

-

-

-

-

-

-

Credit card receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,230

4,172

4,548

-

3,941

3,791

3,737

2,451

3,758

2,898

3,012

2,083

2,526

2,442

2,218

1,373

2,100

964

Accounts receivable, net of allowance of $4,553 and $3,579

45,216

47,016

46,872

44,295

45,449

41,028

45,850

44,729

44,583

49,932

44,896

38,178

37,962

38,107

34,064

33,347

30,412

28,464

25,631

23,735

22,714

15,251

12,938

11,119

8,143

6,081

5,450

4,435

2,618

1,738

1,377

647

Prepaid expenses and other current assets

28,769

26,703

31,709

29,747

35,378

34,841

28,331

27,322

33,575

37,109

35,878

29,241

28,047

22,569

16,553

18,238

12,111

11,713

12,355

13,987

12,722

12,141

14,462

19,819

22,472

19,809

25,604

6,598

2,095

2,008

5,151

1,554

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,654

7,166

6,655

-

6,213

5,507

5,098

5,390

4,951

4,340

3,948

5,431

4,347

22,340

20,801

18,760

807

644

Due from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

168

Total current assets

369,696

376,980

363,977

333,111

320,968

306,721

280,590

361,892

363,040

340,469

316,056

332,932

316,305

339,838

351,905

328,815

329,269

328,559

330,238

313,390

289,742

323,530

296,589

274,024

250,547

243,188

233,446

148,618

134,745

125,975

38,228

18,074

Property and equipment, net

56,896

58,834

63,155

68,350

72,553

76,188

81,183

84,693

88,190

85,698

77,770

69,469

63,878

56,101

49,814

41,347

37,884

32,094

29,877

28,964

27,143

26,744

26,422

27,575

25,798

20,256

8,634

6,778

5,660

5,255

5,402

3,844

Right-of-use assets

43,430

45,453

43,960

44,808

46,313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

25,499

26,669

25,679

26,532

29,048

29,540

30,611

30,259

32,180

34,197

43,015

30,157

29,930

30,157

30,763

27,618

29,231

29,781

30,818

32,159

31,595

4,934

4,710

4,546

4,717

853

871

928

984

1,040

1,045

1,029

Goodwill

88,144

88,974

88,034

88,427

88,889

88,576

88,802

87,995

89,641

98,654

90,524

50,977

49,689

49,271

50,523

51,423

52,385

50,934

52,170

54,740

53,508

10,186

10,186

10,186

10,186

1,423

1,423

1,423

1,423

1,423

1,423

1,423

Deferred tax assets, net

14,803

14,387

13,787

13,642

11,636

12,375

13,966

10,356

9,247

9,761

18,342

22,312

21,772

23,013

21,521

16,367

17,789

25,807

19,991

18,132

16,841

16,484

16,193

15,097

13,417

10,720

12,566

12,786

12,890

13,239

146

58

Other assets

16,497

19,215

18,645

18,083

18,090

18,088

18,068

18,060

24,249

8,997

6,842

5,117

4,986

3,398

2,807

2,807

2,765

1,946

1,913

1,974

1,939

1,899

1,903

1,891

2,095

2,048

-

-

-

182

427

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,016

2,015

2,008

-

-

427

Total assets

614,965

630,512

617,237

592,953

587,497

531,488

513,220

593,255

606,547

577,776

552,549

510,964

486,560

501,778

507,333

468,377

469,323

469,121

465,007

449,359

420,768

383,777

356,003

333,319

306,760

278,488

258,956

172,548

157,710

147,114

46,671

24,855

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

4,125

6,104

4,186

3,888

4,941

7,212

4,022

4,607

8,705

7,160

10,210

3,042

11,699

7,305

15,303

10,590

8,989

6,816

9,045

9,298

8,949

5,334

5,686

5,483

5,446

4,164

5,248

3,213

2,792

2,606

2,325

1,838

Accrued expenses

53,294

53,864

63,185

53,278

53,887

51,385

55,202

46,341

55,043

58,734

51,989

44,368

32,569

41,106

39,126

31,247

31,315

30,696

27,962

26,301

27,064

24,982

22,394

22,473

18,999

23,638

19,664

16,857

14,370

15,606

13,728

10,875

Contributor royalties payable

25,637

25,193

25,237

24,010

25,156

22,971

23,334

23,306

23,189

20,088

20,072

20,777

23,759

20,473

19,286

19,270

18,890

17,822

17,614

17,435

16,527

11,933

12,239

10,845

10,942

9,180

9,002

8,142

7,986

6,984

6,734

5,261

Deferred revenue

138,883

141,922

137,511

137,131

137,368

139,604

141,412

139,879

139,498

157,803

146,430

135,990

126,812

122,235

117,877

111,258

105,500

98,239

94,314

89,279

83,685

75,789

71,850

66,437

60,855

52,100

49,929

46,736

43,336

37,934

36,214

28,451

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

845

516

385

-

993

1,171

945

91

-

-

-

-

-

-

4,626

-

-

-

Term loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,000

12,000

-

Other current liabilities

10,367

18,811

17,739

10,511

10,858

2,131

2,679

1,871

4,486

1,957

1,665

1,517

1,298

12,378

10,385

10,936

5,346

7,211

4,920

4,226

4,204

2,198

1,901

822

1,845

2,846

204

158

181

161

95

85

Total current liabilities

232,306

245,894

247,858

228,818

232,210

223,303

226,649

216,004

230,921

245,742

230,366

205,694

196,137

203,497

202,822

183,817

170,425

160,784

154,848

147,710

141,374

120,327

114,070

106,060

98,087

91,928

84,047

75,106

73,291

69,291

71,096

46,510

Deferred tax liability, net

-

-

0

0

0

-

0

0

1,235

1,486

1,664

1,836

2,023

2,147

2,199

2,908

3,512

3,778

4,025

4,338

4,139

0

-

-

-

-

-

-

-

-

-

-

Lease liabilities

45,522

47,313

46,042

47,007

48,591

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current liabilities

9,410

9,160

7,084

13,207

11,712

21,518

17,973

18,338

17,227

15,963

13,139

11,891

12,479

9,438

8,967

7,519

18,234

15,994

13,234

13,689

13,441

12,017

11,700

11,794

9,552

3,961

1,709

1,840

871

889

5,454

2,548

Total liabilities

287,238

302,367

300,984

289,032

292,513

244,821

244,622

234,342

249,383

263,191

245,169

219,421

210,639

215,082

213,988

194,244

192,171

180,556

172,107

165,737

158,954

132,344

125,770

117,854

107,639

95,889

85,756

76,946

74,162

70,180

76,550

49,058

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

Stockholders’ equity:
Redeemable preferred members' interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,675

33,725

Common members' interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,699

5,699

Common stock, $0.01 par value; 200,000 shares authorized; 38,119 and 38,055 shares issued and 35,561 and 35,497 shares outstanding as of March 31, 2020 and December 31, 2019, respectively

381

381

380

379

378

376

376

375

375

373

373

372

371

369

368

366

365

361

360

360

358

356

354

353

352

351

351

337

335

335

-

-

Treasury stock, at cost; 2,558 shares as of March 31, 2020 and December 31, 2019

100,027

100,027

100,027

100,027

100,027

100,027

100,027

100,027

100,027

100,027

100,027

100,027

100,027

77,567

59,728

59,728

43,461

15,635

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

316,823

312,824

307,815

299,122

292,458

291,710

287,017

281,579

275,395

272,657

268,565

262,056

255,408

251,890

244,333

232,312

222,207

213,851

206,811

198,029

185,048

174,821

160,099

150,495

139,035

127,443

125,912

54,520

49,331

48,282

-

-

Accumulated comprehensive loss

-8,668

-6,220

-8,749

-7,453

-6,426

-6,471

-4,939

-6,663

-2,482

-3,557

-4,601

-8,926

-14,846

-17,061

-10,838

-8,636

-4,529

-6,449

-3,839

-232

-3,719

-629

-72

44

20

9

-

-

-

-

-

-

Retained earnings

119,218

121,187

116,834

111,900

108,601

101,079

86,171

183,649

183,903

145,139

143,070

138,068

135,015

129,065

119,210

109,819

102,570

96,437

89,568

85,465

80,127

76,885

69,852

64,573

59,714

54,796

46,937

40,745

33,882

28,317

-63,253

-63,627

Total stockholders’ equity

327,727

328,145

316,253

303,921

294,984

286,667

268,598

358,913

357,164

314,585

307,380

291,543

275,921

286,696

293,345

274,133

277,152

288,565

292,900

283,622

261,814

251,433

230,233

215,465

199,121

182,599

173,200

95,602

83,548

76,934

-57,554

-57,928

Total liabilities and stockholders’ equity

614,965

630,512

617,237

592,953

587,497

531,488

513,220

593,255

606,547

577,776

552,549

510,964

486,560

501,778

507,333

468,377

469,323

469,121

465,007

449,359

420,768

383,777

356,003

333,319

306,760

278,488

258,956

172,548

157,710

147,114

46,671

24,855