SHUTTERSTOCK, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $16.7M | $32.6M | $19.6M | $22.1M | $26.5M | $42.6M | $13.4M | $9.1M |
| Depreciation & Amortization | $35.5M | $19.9M | $14.8M | $7.9M | $3.9M | $2.6M | $1.5M | $874.0K |
| Depreciation | $29.2M | $14.9M | $10.1M | $7.4M | $3.7M | $2.4M | $1.3M | $632.0K |
| Amortization | $6.3M | $5.1M | $4.7M | $600.0K | $200.0K | $243.0K | $244.0K | $242.0K |
| Stock-Based Compensation | $25.0M | $28.1M | $28.9M | $23.8M | $6.2M | $10.4M | $2.1M | $1.1M |
| Net Cash from Operating Activities | $108.0M | $100.7M | $87.0M | $82.9M | $56.4M | $45.5M | $39.5M | $28.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $55.1M | $40.0M | $14.0M | $18.0M | $14.1M | $3.8M | $3.4M | $1.1M |
| Business Acquisitions | $49.6M | $0 | $62.4M | $10.1M | $0 | — | — | — |
| Net Cash from Investing Activities | $-57.4M | $-56.4M | $-71.8M | — | — | — | — | — |
| Financing Activities | ||||||||
| Dividends Paid | $0 | $0 | — | — | — | — | — | — |
| Stock Repurchases | $25.0M | $60.2M | $14.8M | $0 | $0 | — | — | — |
| Net Cash from Financing Activities | $-33.9M | $-53.1M | — | — | — | — | — | — |
| Net Change in Cash | $29.2M | $-16.3M | $7.9M | $78.1M | $53.3M | — | — | — |
| Free Cash Flow | $53.0M | $60.8M | $73.0M | $64.9M | $42.3M | $41.7M | $36.1M | $27.6M |