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CashFlow / TTM
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

16,904

20,108

30,668

33,181

29,628

54,687

41,830

39,385

42,705

16,727

24,526

28,915

33,098

32,628

29,642

24,354

22,442

19,552

19,716

20,891

20,414

22,089

22,915

23,829

25,832

26,479

47,640

50,189

49,397

47,543

0

0

0

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

48,518

49,915

49,029

48,744

46,625

45,652

44,476

42,996

39,477

35,490

30,713

25,662

22,698

19,946

18,659

17,352

16,050

14,841

12,523

10,779

9,361

7,917

6,889

5,777

4,642

3,870

3,490

3,205

2,891

2,640

0

0

0

Impairment of Long-Lived Assets Held-for-use

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

367

0

0

0

-

-

-

-

-

-

-

-

Deferred taxes

-3,110

-2,025

-1,501

-3,261

-3,927

-6,270

1,896

7,494

9,361

12,491

9,566

651

1,968

1,767

-3,706

-1,223

-3,470

-4,840

-5,303

-4,248

-4,580

-4,897

-3,419

16,501

17,138

15,848

-15,963

-34,272

-32,895

-31,300

0

0

0

Non-cash equity-based compensation

23,951

22,815

23,759

24,209

22,887

23,869

22,824

23,750

24,608

24,958

27,098

26,718

26,683

28,080

27,199

28,377

28,705

28,860

30,811

29,463

28,139

23,768

17,514

13,031

8,329

6,208

11,980

10,798

10,737

10,385

0

0

0

Change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

2,925

5,930

6,365

6,618

4,770

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

6,255

6,255

6,255

7,895

1,640

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on Sale of Webdam

-

-

-

-

-

38,613

38,613

38,613

38,613

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax effect from exercise/vesting of equity awards, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,654

6,116

6,693

13,137

0

0

0

-

-

-

-

-

-

-

-

Bad debt expense

1,416

84

-236

103

305

1,175

1,222

1,118

1,395

1,292

635

936

1,944

2,992

5,348

5,063

4,012

3,175

1,214

1,190

849

565

571

464

497

519

659

520

360

326

0

0

0

Chargeback and sales refund reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-222

-150

150

210

235

440

440

380

355

0

0

0

-

-

-

-

Amortization of deferred financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

0

0

0

-

-

-

-

Changes in operating assets and liabilities:
Credit card receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,261

456

793

710

426

954

633

409

0

0

0

Accounts receivable

1,684

6,169

1,146

-66

1,732

-2,641

6,465

9,262

9,050

10,015

5,028

2,123

5,945

13,232

16,063

16,903

14,793

11,072

11,349

11,124

11,995

10,149

8,060

7,148

6,022

4,862

4,732

4,132

2,086

1,417

0

0

0

Prepaid expenses and other current and non-current assets

-4,821

-4,246

7,483

5,829

-5,019

-113

-10,758

-9,756

8,794

6,734

10,081

6,699

4,914

2,412

1,037

4,007

-710

-3,366

-6,437

-14,583

-16,327

-20,490

-19,225

4,146

12,905

16,857

16,760

1,559

-724

-113

0

0

0

Accounts payable and other current and non-current liabilities

4,080

8,360

18,234

14,306

-6,865

6,388

2,200

1,045

26,929

12,044

308

6,866

76

1,612

12,012

1,163

2,668

3,106

5,663

4,992

10,076

9,961

12,384

14,379

13,667

10,377

6,211

6,523

3,285

6,238

0

0

0

Long-term incentives related to acquisitions

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributor royalties payable

581

2,168

2,018

1,017

2,132

3,021

3,347

2,242

-872

-685

735

1,656

5,229

3,118

2,017

2,214

2,482

2,904

2,283

3,376

2,516

2,753

3,237

2,703

2,956

2,196

2,268

1,821

1,639

1,723

0

0

0

Deferred revenue

2,120

3,144

-2,651

-1,579

864

3,658

15,688

19,863

24,800

28,724

23,528

24,069

22,969

24,969

23,529

22,117

21,454

22,576

22,429

22,828

22,816

22,606

20,838

18,618

16,436

14,166

13,715

13,110

11,110

9,483

0

0

0

Income taxes payable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

Net cash provided by operating activities

89,796

102,646

110,705

110,922

100,817

102,202

105,044

105,655

111,946

108,037

96,055

100,888

96,441

100,723

103,745

87,157

87,013

87,016

82,809

86,171

88,700

82,859

83,411

75,346

58,212

56,373

45,107

44,426

49,509

45,534

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures

26,547

26,081

24,891

25,565

27,168

34,890

46,982

52,344

56,571

55,062

50,838

49,434

45,635

39,959

30,877

24,213

19,611

14,003

11,489

9,254

9,251

17,950

25,614

25,862

23,822

14,068

5,328

4,123

3,622

3,808

0

0

0

Investment sales, net

-

-

-

-

-

-

-

-

-

55,286

-30,295

-1,859

-230

7,673

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Sale and maturities of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Gross

-

-

-

-

-

845

904

50,416

50,416

49,571

0

0

0

-

-

-

-

62,379

62,379

62,379

62,379

10,056

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of Webdam, net

0

2,500

2,500

1,912

1,966

41,804

41,804

42,392

42,338

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments / advances

-

-

-

-

-

15,000

16,986

16,953

18,520

5,087

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of content

3,522

3,344

2,912

3,873

3,748

3,838

3,215

2,652

2,843

2,961

4,399

8,134

8,170

8,045

7,003

2,970

2,760

2,981

0

0

0

-

-

-

-

-

-

-

-

254

0

0

0

Security deposit release

-278

-309

-15

-19

-92

-58

-43

-14

62

30

758

848

749

-71

-1,180

-1,106

-1,039

-288

45

102

79

97

372

121

136

-1,594

-2,056

-2,026

-2,014

-197

0

0

0

Net cash used in investing activities

-30,347

-27,234

-25,318

-27,545

-29,042

-12,827

-3,826

-26,435

-30,716

-57,365

-77,457

-58,655

-55,053

-56,408

-38,819

-28,253

-23,319

-71,846

-79,139

-73,584

-73,084

-29,013

-85,320

-90,774

-88,723

-70,086

-7,445

-6,210

-5,697

-4,259

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of stock options

5,151

5,365

4,596

793

1,483

2,454

2,767

2,617

2,306

1,682

1,845

6,135

7,645

8,711

8,551

5,020

5,781

7,197

9,890

10,893

10,537

9,682

7,457

7,657

6,922

4,787

0

0

0

-

-

-

-

Proceeds from issuance of common stock under Employee Stock Purchase Plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,868

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

4,732

7,061

7,579

7,477

7,325

7,268

7,117

6,829

6,906

6,848

6,823

6,023

5,007

1,032

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of cash dividend

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of contingent consideration liability

-

-

-

-

-

-

-

-

-

3,745

3,745

3,745

6,105

2,360

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax effect from exercise/vesting of equity awards, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,654

6,116

6,693

13,137

0

0

0

-

-

-

-

-

-

-

-

Repurchase of treasury shares

-

-

-

-

-

-

-

-

-

24,977

40,293

40,741

57,466

60,232

59,727

59,279

42,554

14,811

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,000

0

0

0

-

-

-

-

Payment of offering fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

967

0

0

0

-

-

-

-

Members' distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,000

0

0

0

Net cash used in financing activities

-5,621

-1,696

-2,983

-111,609

-110,767

-109,739

-109,275

-4,212

-4,600

-33,888

-48,022

-43,380

-59,130

-53,110

-53,652

-56,694

-34,810

-5,746

16,775

19,240

19,358

24,943

17,240

83,451

81,469

66,969

129,064

59,545

49,157

46,724

0

0

0

Effect of foreign exchange rate changes on cash

-871

-1,307

-3,417

-2,540

-5,749

-2,212

1,684

4,283

12,857

12,454

4,993

1,563

-6,642

-7,535

-2,884

-2,771

1,199

-1,573

-1,598

-1,199

-2,472

-691

0

0

0

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

52,957

72,409

78,987

-30,772

-44,741

-22,576

-6,373

79,291

89,487

29,238

-24,431

416

-24,384

-16,330

8,390

-561

30,083

7,851

18,847

30,628

32,502

78,098

15,241

68,048

50,965

53,259

166,726

97,761

92,969

87,999

0

0

0

Supplemental Disclosure of Cash Information:
Cash paid for income taxes

2,097

1,902

1,716

2,204

2,720

580

1,211

1,531

1,001

4,984

7,007

10,625

17,139

19,186

19,060

18,564

17,359

14,481

11,756

7,902

1,516

254

235

159

12,985

14,194

18,739

18,739

5,809

4,845

0

0

0

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-