SHUTTERSTOCK, INC. SSTK Income Statement

Shutterstock, inc. (SSTK)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Revenue
648,476	650,523	646,224	638,720	633,563	623,250	613,007	602,495	579,906	557,111	535,455	517,465	507,889	494,317	480,146	464,333	444,279	425,149	400,373	376,843	352,716	327,971	304,776	280,604	257,175	235,515	216,641	199,343	183,159	169,616	155,187	144,083	132,370	120,271	0	0	0
Operating expenses:
Cost of revenue
278,081	278,176	275,208	273,034	272,399	267,671	263,432	255,783	245,181	233,102	221,149	212,521	207,477	203,129	198,436	192,764	183,064	174,526	162,185	150,933	140,435	130,022	120,521	110,197	99,918	90,627	83,319	76,440	70,108	64,676	58,857	54,173	49,714	45,504	0	0	0
Sales and marketing
179,944	181,730	177,582	172,996	170,526	166,448	164,258	159,238	154,329	146,464	140,610	137,579	132,041	126,626	118,345	112,761	108,619	106,636	101,162	94,891	87,954	82,125	77,389	71,214	64,036	56,738	52,261	47,066	44,845	45,107	42,685	41,426	37,208	31,929	0	0	0
Product development
55,299	57,216	53,802	54,301	57,435	58,897	62,418	61,726	57,890	52,486	50,265	48,529	47,608	47,789	44,422	43,645	41,863	41,322	43,079	42,122	41,208	38,301	33,386	29,201	24,986	21,764	20,975	19,085	17,466	16,330	13,366	12,382	11,309	9,777	0	0	0
General and administrative
117,315	113,246	109,641	104,882	97,141	97,782	98,895	102,873	101,971	98,710	91,074	80,761	75,496	70,987	71,327	70,748	67,129	61,647	55,620	49,444	44,921	38,487	34,289	30,100	25,821	23,063	26,299	23,989	22,699	21,651	15,277	14,050	11,891	10,171	0	0	0
Total operating expenses
630,639	630,368	616,233	605,213	597,501	590,798	589,003	579,620	559,371	530,762	503,098	479,390	462,622	448,531	432,530	419,918	400,675	384,131	362,046	337,390	314,518	288,935	265,585	240,712	214,761	192,192	182,854	166,580	155,118	147,764	130,185	122,031	110,122	97,381	0	0	0
Income from operations
17,837	20,155	29,991	33,507	36,062	32,452	24,004	22,875	20,535	26,349	32,357	38,075	45,267	45,786	47,616	44,415	43,604	41,018	38,327	39,453	38,198	39,036	39,191	39,892	42,414	43,323	33,787	32,763	28,041	21,852	25,002	22,052	22,248	22,890	0	0	0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
-	0	0	0	-	38,613	38,613	38,613	38,613	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income / (expense), net
4,378	4,761	0	0	0	-	-	-	-	3,732	928	900	-822	-1,289	-3,482	-4,351	-4,196	-6,746	-3,918	-3,524	-3,467	-859	-303	90	110	52	-21	-44	-62	-47	4	8	7	10	0	0	0
Income before income taxes
22,215	24,916	32,984	36,252	31,204	66,113	58,254	57,038	63,227	30,081	33,285	38,975	44,445	44,497	44,134	40,064	39,408	34,272	34,409	35,929	34,731	38,177	38,888	39,982	42,524	43,375	33,766	32,719	27,979	21,805	25,006	22,060	22,255	22,900	0	0	0
Provision for income taxes
5,311	4,808	2,316	3,071	1,576	11,426	16,424	17,653	20,522	13,354	8,759	10,060	11,347	11,869	14,492	15,710	16,966	14,720	14,693	15,038	14,316	16,088	15,975	16,153	16,693	16,896	-13,875	-17,469	-21,418	-25,738	694	801	933	1,036	0	0	0
Net income
16,904	20,108	30,668	33,181	29,628	54,687	0	0	0	-	-	-	-	-	-	-	-	19,552	19,716	20,891	20,415	22,089	22,913	23,829	25,831	26,479	47,641	50,188	49,397	47,543	24,312	21,259	21,322	21,864	0	0	0
Undistributed earnings to participating stockholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	14	23	33	42	51	60	72	80	-2,609	-2,704	-2,896	-4,087	-928	-882	-2,611	-2,692	0	0	0
Preferred interest distributed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,001	7,007	6,056	7,368	7,143	0	0	0
Preferred interest accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,058	0	0	0
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	32,628	29,642	24,354	22,442	19,550	19,702	20,868	20,382	22,047	22,862	23,769	25,759	26,399	47,300	47,679	45,392	42,629	18,233	15,520	14,270	13,355	0	0	0
Earnings per share:
Distributed (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.27	0.33	0.24	0.30	0.14	0.19	0.43	0.27
Undistributed (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.22	0.18	0.20	0.17	0.61	-0.02	-0.02	-0.17	0.07	-0.01	-0.27	-0.18
Basic (in dollars per share)
0.12	0.12	0.14	0.09	0.21	0.43	0.21	-0.01	0.94	0.06	0.14	0.09	0.19	0.28	0.27	0.21	0.17	0.19	0.11	0.15	0.09	0.20	0.15	0.14	0.14	0.22	0.18	0.20	0.17	0.88	0.31	0.22	0.13	0.21	0.18	0.16	0.09
Distributed (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.27	0.33	0.24	0.30	0.14	0.19	0.43	0.27
Undistributed (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.22	0.18	0.20	0.16	0.61	-0.02	-0.02	-0.17	0.07	-0.01	-0.27	-0.18
Diluted (in dollars per share)
0.12	0.12	0.14	0.09	0.21	0.42	0.21	-0.01	0.92	0.06	0.14	0.09	0.19	0.27	0.26	0.20	0.17	0.19	0.11	0.15	0.09	0.20	0.15	0.14	0.14	0.22	0.18	0.20	0.16	0.88	0.31	0.22	0.13	0.21	0.18	0.16	0.09
Weighted average shares outstanding:
Basic (in shares)
35,521	35,478	35,309	35,232	35,114	35,047	34,991	34,913	34,784	34,686	34,643	34,581	34,597	35,089	35,036	34,957	35,375	35,975	36,040	35,864	35,635	35,452	35,304	35,149	35,027	34,935	33,692	33,471	33,398	32,497	20,849	20,849	20,849	20,849,242	20,849,242	20,849,242	20,849,242
Diluted (in shares)
35,882	35,786	35,541	35,504	35,491	35,421	35,570	34,913	35,318	35,149	35,177	35,250	35,595	35,881	35,824	35,642	36,099	36,468	36,270	36,340	36,193	36,001	35,931	35,875	35,839	35,619	34,280	34,040	33,851	32,681	20,849	20,849	20,849	20,849,242	20,849,242	20,849,242	20,849,242