Company name:

Shutterstock Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    October 11, 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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Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2021
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 623,250 650,523 666,686 773,415 773,415 823,132
Selected Year:
31-Dec
2021
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
86.0%
35.9% —

Cost of revenue

26.5% —

Sales and marketing

16.9% —

General and administrative

6.7% —

Product development
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 267,671 278,176 259,573 277,659 277,659 313,744
Product development
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 58,897 57,216 46,038 52,014 52,014 62,900
Sales and marketing
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 166,448 181,730 159,241 204,878 204,878 250,420
General and administrative
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 97,782 113,246 116,568 130,758 130,758 137,692
Gain on sale of Webdam
-
-
-
-
-
-
45,679
45,679
 38,613 - - - - -
Total operating expenses
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 $590,798 $630,368 $581,420 $665,309 $665,309 $764,756
Selected Year:
31-Dec
2021
Operating Income
Income after excluding Operating Expenses from Total Revenue
14.0%
14.0% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $32,452 $20,155 $85,266 $108,106 $108,106 $58,376
Selected Year:
31-Dec
2021
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.4%
0.4% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 (4,952) 4,761 4,257 (3,370) (3,370) (1,928)
Total non-operating income (expense)
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 (4,952) 4,761 4,257 (3,370) (3,370) (1,928)
Selected Year:
31-Dec
2021
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
13.5%
13.5% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $27,500 $24,916 $89,523 $104,736 $104,736 $56,448
Selected Year:
31-Dec
2021
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
1.7%
1.7% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Income before income taxes
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 66,113 24,916 89,523 104,736 104,736 56,448
Income tax expense or benefit
45,679
45,679
45,679
45,679
45,679
45,679
45,679
45,679
 11,426 4,808 17,757 12,853 12,853 (11,096)
Selected Year:
31-Dec
2021
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
11.9%
11.9% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $54,687 $20,108 $71,766 $91,883 $91,883 $67,544
Undistributed Net income attributable to participating shareholders Undistributed Net income attributable to participating shareholders
45,679
45,679
45,679
45,679
45,679
45,679
-
-
 - - - - - -
Net income (loss) attributable to common stock
45,679
45,679
45,679
45,679
45,679
45,679
-
-
 - - - - - -
Preferred interest distributed
45,679
45,679
45,679
-
-
-
-
-
 - - - - - -
Preferred stock accretion
45,679
45,679
-
-
-
-
-
-
 - - - - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
-
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
45,678,795
 35,081,109 35,504,867 36,256,136 36,357,198 36,357,198 36,357,198
Selected Year:
31-Dec
2021
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $1.57 $0.57 $2.00 $2.52 $2.52 $1.88
Net Income per diluted share
-
-
-
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $1.54 $0.57 $1.97 $2.46 $2.46 $1.80