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CashFlow / Quarterly
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'12Jun'12Mar'12
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

4,318

4,353

4,934

3,299

7,522

14,913

7,447

-254

32,581

2,056

5,002

3,066

6,603

9,855

9,391

7,249

6,133

6,869

4,103

5,337

3,243

7,033

5,278

4,860

4,918

7,859

6,192

6,863

5,565

29,020

8,741

6,071

3,711

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

10,519

12,604

11,992

13,403

11,916

11,718

11,707

11,284

10,943

10,542

10,227

7,765

6,956

5,765

5,176

4,801

4,204

4,478

3,869

3,499

2,995

2,160

2,125

2,081

1,551

1,132

1,013

946

779

752

728

632

528

Impairment of Long-Lived Assets Held-for-use

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

0

0

367

-

-

-

-

-

-

-

-

Deferred taxes

-386

-545

-168

-2,011

699

-21

-1,928

-2,677

-1,644

8,145

3,670

-810

1,486

5,220

-5,245

507

1,285

-253

-2,762

-1,740

-85

-716

-1,707

-2,072

-402

762

18,213

-1,435

-1,692

-31,049

-96

-58

-97

Non-cash equity-based compensation

5,760

4,931

5,509

7,751

4,624

5,875

5,959

6,429

5,606

4,830

6,885

7,287

5,956

6,970

6,505

7,252

7,353

6,089

7,683

7,580

7,508

8,040

6,335

6,256

3,137

1,786

1,852

1,554

1,016

7,558

670

1,493

664

Change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

325

105

130

2,365

3,330

540

383

517

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of contingent consideration liability in excess of acquisition-date fair value

-

-

-

-

-

-

-

-

-

0

0

0

6,255

0

0

1,640

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on Sale of Webdam

-

-

-

-

-

0

0

0

38,613

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax effect from exercise/vesting of equity awards, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

1,799

-99

2,913

1,503

2,376

6,345

-

-

-

-

-

-

-

-

Bad debt expense

700

584

100

32

-632

264

439

234

238

311

335

511

135

-346

636

1,519

1,183

2,010

351

468

346

49

327

127

62

55

220

160

84

195

81

0

50

Chargeback and sales refund reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7

-235

0

20

65

65

60

45

270

65

0

20

-

-

-

-

Amortization of deferred financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

125

-

-

-

-

Changes in operating assets and liabilities:
Credit card receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

145

51

1,305

-

889

-113

928

-443

84

224

845

-727

612

-97

621

Accounts receivable

-673

571

2,852

-1,066

3,812

-4,452

1,640

732

-561

4,654

4,437

520

404

-333

1,532

4,342

7,691

2,498

2,372

2,232

3,970

2,775

2,147

3,103

2,124

686

1,235

1,977

964

556

635

-69

295

Prepaid expenses and other current and non-current assets

2,207

-4,901

2,599

-4,726

2,782

6,828

945

-15,574

7,688

-3,817

1,947

2,976

5,628

-470

-1,435

1,191

3,126

-1,845

1,535

-3,526

470

-4,916

-6,611

-5,270

-3,693

-3,651

16,760

3,489

259

-3,748

1,559

1,206

870

Accounts payable and other current and non-current liabilities

-2,286

-4,924

11,385

-95

1,994

4,950

7,457

-21,266

15,247

762

6,302

4,618

362

-10,974

12,860

-2,172

1,898

-574

2,011

-667

2,336

1,983

1,340

4,417

2,221

4,406

3,335

3,705

-1,069

240

3,647

467

1,884

Long-term incentives related to acquisitions

-7,759

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributor royalties payable

551

-180

1,289

-1,079

2,138

-330

288

36

3,027

-4

-817

-3,078

3,214

1,416

104

495

1,103

315

301

763

1,525

-306

1,394

-97

1,762

178

860

156

1,002

250

413

-26

1,086

Deferred revenue

-2,982

4,487

638

-23

-1,958

-1,308

1,710

2,420

836

10,722

5,885

7,357

4,760

5,526

6,426

6,257

6,760

4,086

5,014

5,594

7,882

3,939

5,413

5,582

7,672

2,171

3,193

3,400

5,402

1,720

2,588

1,400

3,775

Income taxes payable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,568

-2,032

829

-

-

-

-

-

-

-

4,626

-

-

-

-

Net cash provided by operating activities

6,859

25,626

30,277

27,034

19,709

33,685

30,494

16,929

21,094

36,527

31,105

23,220

17,185

24,545

35,938

18,773

21,467

27,567

19,350

18,629

21,470

23,360

22,712

21,158

15,629

23,912

14,647

4,024

13,790

12,646

13,966

9,107

9,815

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures

7,719

6,534

5,821

6,473

7,253

5,344

6,495

8,076

14,975

17,436

11,857

12,303

13,466

13,212

10,453

8,504

7,790

4,130

3,789

3,902

2,182

1,616

1,554

3,899

10,881

9,280

1,802

1,859

1,127

540

597

1,358

1,313

Investment sales, net

-

-

-

-

-

-

-

-

-

88,072

-31,052

-1,682

-52

2,491

-2,616

-53

7,851

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,487

62,390

68,592

-

72,718

71,296

70,492

-

-

-

-

-

-

-

-

Sale and maturities of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,898

62,498

68,455

-

78,004

71,300

69,935

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Gross

-

-

-

-

-

0

0

0

845

59

49,512

0

0

-

-

-

-

0

0

0

62,379

0

0

0

10,056

-

-

-

-

-

-

-

-

Proceeds from sale of Webdam, net

0

0

0

0

2,500

0

-588

54

42,338

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments / advances

-

-

-

-

-

0

0

0

15,000

1,986

-33

1,567

1,567

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of content

723

1,448

619

732

545

1,016

1,580

607

635

393

1,017

798

753

1,831

4,752

834

628

789

719

624

849

-

-

-

-

-

-

-

-

61

0

0

193

Security deposit release

31

-309

-25

25

0

-15

-29

-48

34

0

0

28

2

728

90

-71

-818

-381

164

-4

-67

-48

221

-27

-49

227

-30

-12

-1,779

-235

0

0

38

Net cash used in investing activities

-8,411

-8,291

-6,465

-7,180

-5,298

-6,375

-8,692

-8,677

10,917

2,626

-31,301

-12,958

-15,732

-17,466

-12,499

-9,356

-17,087

123

-1,933

-4,422

-65,614

-7,170

3,622

-3,922

-21,543

-63,477

-1,832

-1,871

-2,906

-836

-597

-1,358

-1,468

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock options

0

769

4,378

4

214

0

575

694

1,185

313

425

383

561

476

4,715

1,893

1,627

316

1,184

2,654

3,043

3,009

2,187

2,298

2,188

784

2,387

1,563

53

-

-

-

-

Proceeds from issuance of common stock under Employee Stock Purchase Plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

816

0

1,048

4

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid related to settlement of employee taxes related to RSU vesting

1,761

690

1,190

1,091

4,090

1,208

1,088

939

4,033

1,057

800

1,016

3,975

1,032

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of cash dividend

6,040

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of contingent consideration liability

-

-

-

-

-

-

-

-

-

0

0

0

3,745

0

0

2,360

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax effect from exercise/vesting of equity awards, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

1,799

-99

2,913

1,503

2,376

6,345

-

-

-

-

-

-

-

-

Repurchase of treasury shares

-

-

-

-

-

-

-

-

-

0

0

0

24,977

15,316

448

16,725

27,743

14,811

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,000

-

-

-

-

Payment of offering fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

349

598

0

20

-

-

-

-

Members' distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,800

9,049

6,751

8,400

Net cash used in financing activities

-7,801

79

3,188

-1,087

-3,876

-1,208

-105,438

-245

-2,848

-744

-375

-633

-32,136

-14,878

4,267

-16,383

-26,116

-15,420

1,225

5,501

2,948

7,101

3,690

5,619

8,533

-602

69,901

3,637

-5,967

61,493

382

-6,751

-8,400

Effect of foreign exchange rate changes on cash

-810

451

-673

161

-1,246

-1,659

204

-3,048

2,291

2,237

2,803

5,526

1,888

-5,224

-627

-2,679

995

-573

-514

1,291

-1,777

-598

-115

18

4

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

-10,163

17,865

26,327

18,928

9,289

24,443

-83,432

4,959

31,454

40,646

2,232

15,155

-28,795

-13,023

27,079

-9,645

-20,741

11,697

18,128

20,999

-42,973

22,693

29,909

22,873

2,623

-40,164

82,716

5,790

4,917

73,303

13,751

998

-53

Supplemental Disclosure of Cash Information:
Cash paid for income taxes

500

402

0

1,195

305

216

488

1,711

-1,835

847

808

1,181

2,148

2,870

4,426

7,695

4,195

2,744

3,930

6,490

1,317

19

76

104

55

0

0

12,930

1,264

4,545

0

0

300

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

34

-

-

-

-

Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Capital expenditures in accounts payable and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,500

-2,537

3,473

-

-

-

-

-

-

-

-