Company name:

Shutterstock Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    11 October 2012
  • TICKER:
    SSTK
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    350 Fifth Avenue 21st Floor New York NY 10118
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Shutterstock Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
36.9% 5.6% 3.1%
Selected Year:
31-Dec
2021
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
45.6%
36.9% —

Cash and cash equivalents

5.6% —

Accounts Receivable

3.1% —

Prepaid expenses and other current assets

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $230,852 $303,261 $428,574 $314,017
Short-term passive investments
-
$45,679
$45,679
$45,679
$45,679
$45,679
-
 - - - -
Accounts Receivable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 41,028 47,016 43,846 47,707
Credit card receivables
$45,679
$45,679
$45,679
$45,679
-
-
-
 - - - -
Due from related party
$45,679
-
-
-
-
-
-
 - - - -
Deferred tax assets
$45,679
$45,679
$45,679
$45,679
-
-
-
 - - - -
Prepaid expenses and other current assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 34,841 26,703 16,650 26,491
Total current assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $306,721 $376,980 $489,070 $388,215
5.6% 4.1% 3.1% 14.5% 25.8%
Selected Year:
31-Dec
2021
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
54.4%
25.8% —

Goodwill

14.5% —

Intangible assets

5.6% —

Property and equipment net

4.1% —

Right-of-use assets

3.1% —

Other assets non-current

1.2% —

Deferred tax assets
Selected Year:
Long-term restricted cash
45,679
-
-
-
-
-
-
 - - - -
Property and equipment net
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 76,188 58,834 50,906 48,074
Right-of-use assets
-
-
-
-
-
-
-
 - 45,453 39,552 34,570
Deferred tax assets
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 12,375 14,387 13,566 10,512
Intangible assets
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 29,540 26,669 25,765 123,822
Goodwill
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 88,576 88,974 89,413 219,816
Other assets non-current
-
-
-
-
-
-
-
 - 19,215 21,372 26,701
Other non-current assets
-
45,679
45,679
45,679
45,679
45,679
45,679
 18,088 19,215 - -
Total non-current assets
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 224,767 253,532 240,574 463,495
Total assets
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 $531,488 $630,512 $729,644 $851,710
21.2% 11.7% 3.4% 4.3% 27.0% 44.2%
Selected Year:
31-Dec
2021
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
39.2%
21.2% —

Current portion of deferred revenue

11.7% —

Accrued expenses

3.4% —

Contributor royalties payable

1.7% —

Other current liabilities

1.2% —

Accounts payable
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $7,212 $6,104 $2,442 $10,092
Contributor royalties payable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 22,971 25,193 26,336 29,004
Income tax payable
-
-
-
$45,679
-
-
-
 - - - -
Accrued expenses
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 51,385 53,864 67,909 99,529
Current portion of deferred revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 139,604 141,922 149,843 180,979
Term Loan
$45,679
$45,679
-
-
-
-
-
 - - - -
Other current liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 2,131 18,811 10,399 14,180
Total current liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $223,303 $245,894 $256,929 $333,784
Selected Year:
31-Dec
2021
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
5.8%
4.3% —

Leases

1.1% —

Other non-current liabilities

0.3% —

Deferred tax liability
Selected Year:
Deferred tax liability
-
-
-
$45,679
$45,679
$45,679
$45,679
 - - - 2,781
Leases
-
-
-
-
-
-
-
 - 47,313 41,620 36,966
Other non-current liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 21,518 9,160 9,170 9,697
Total long-term liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $21,518 $56,473 $50,790 $49,444
Total Liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $244,821 $302,367 $307,719 $383,228
Selected Year:
31-Dec
2021
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
55.0%
44.2% —

Additional paid-in capital

27.0% —

Retained earnings

0.0% —

Common stock
Selected Year:
Redeemable preferred members interest
$45,679
-
-
-
-
-
-
 - - - -
Members Equity
$45,679
$45,679
$45,679
-
-
-
-
 - - - -
Common stock
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 376 381 389 392
Common members equity
$45,679
-
-
-
-
-
-
 - - - -
Treasury Stock
-
-
-
-
-
-
-
 - (100,027) - -
Treasury Stock at cost
-
-
-
$45,679
$45,679
$45,679
$45,679
 (100,027) (100,027) (100,027) (127,196)
Retained earnings
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 101,079 121,187 168,305 229,537
Additional paid-in capital
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 291,710 312,824 360,939 376,537
Accumulated comprehensive income
-
$45,679
-
-
-
-
-
 - - - -
Accumulated comprehensive loss
-
-
-
-
-
-
-
 - (6,220) - -
Accumulated other comprehensive (loss) income
-
-
$45,679
-
-
-
-
 - - - -
Accumulated other comprehensive loss
-
-
-
$45,679
$45,679
$45,679
$45,679
 (6,471) (6,220) (7,681) (10,788)
Total Equity
-
-
-
$45,679
$45,679
$45,679
$45,679
 $286,667 $328,145 $421,925 $468,482
Total Liabilities and Equity
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $531,488 $630,512 $729,644 $851,710