SHUTTERSTOCK, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $45.5M | $35.9M | $110.3M | $76.1M | $91.9M | $71.8M | $20.1M | $54.7M |
| Depreciation & Amortization | $90.9M | $87.6M | $79.7M | $68.5M | $48.8M | $41.4M | $49.9M | $45.7M |
| Depreciation | $43.5M | $42.0M | $37.7M | $34.0M | $31.7M | $35.6M | $42.9M | $40.1M |
| Amortization | $47.5M | $45.6M | $42.0M | $34.5M | $17.1M | $5.8M | $7.0M | $5.5M |
| Stock-Based Compensation | $61.1M | $56.3M | $48.6M | $35.7M | $36.2M | $28.3M | $22.8M | $23.9M |
| Net Cash from Operating Activities | $166.7M | $32.6M | $140.6M | $158.5M | $216.4M | $165.1M | $102.6M | $102.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $42.9M | $47.2M | $44.6M | $43.3M | $28.1M | $25.6M | $26.1M | $34.9M |
| Business Acquisitions | $0 | $179.1M | $53.7M | $211.8M | $181.6M | $0 | $0 | $845.0K |
| Net Cash from Investing Activities | $-47.8M | $-166.2M | $-54.3M | $-275.6M | $-250.4M | $-35.3M | $-27.2M | $-12.8M |
| Financing Activities | ||||||||
| Dividends Paid | $46.5M | $42.4M | $38.7M | $34.6M | $30.7M | $24.4M | $0 | $104.9M |
| Stock Repurchases | $0 | $41.6M | $28.2M | $73.5M | $26.5M | $0 | $0 | $0 |
| Net Cash from Financing Activities | $-59.1M | $150.1M | $-102.7M | $-79.5M | $-77.7M | $-4.6M | $-1.7M | $-109.7M |
| Net Change in Cash | $67.0M | $10.8M | $-14.7M | $-198.9M | $-114.6M | $122.7M | $72.4M | $-22.6M |
| Free Cash Flow | $123.8M | $-14.6M | $95.9M | $115.2M | $188.2M | $139.4M | $76.6M | $67.3M |