Shutterstock Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 25, 2025
SSTK$2.96-0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except par value amount)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $111,251 | $100,490 |
| Accounts receivable, net of allowance of $3,101 and $6,335 | 95,225 | 91,139 |
| Prepaid expenses and other current assets | 49,482 | 100,944 |
| Total current assets | 255,958 | 292,573 |
| Property and equipment, net | 66,400 | 64,300 |
| Right-of-use assets | 13,956 | 15,395 |
| Intangible assets, net | 248,477 | 184,396 |
| Goodwill | 569,668 | 383,325 |
| Deferred tax assets, net | 70,982 | 24,874 |
| Other assets | 83,715 | 71,152 |
| Total assets | $1,309,156 | $1,036,015 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $9,221 | $9,108 |
| Accrued expenses | 126,643 | 131,443 |
| Contributor royalties payable | 81,076 | 54,859 |
| Deferred revenue | 225,489 | 203,463 |
| Debt | 158,106 | 30,000 |
| Other current liabilities | 24,751 | 23,513 |
| Total current liabilities | 625,286 | 452,386 |
| Deferred tax liability, net | 2,174 | 4,182 |
| Long-term debt | 119,598 | — |
| Lease liabilities | 23,365 | 29,404 |
| Other non-current liabilities | 20,383 | 22,949 |
| Total liabilities | 790,806 | 508,921 |
| Commitments and contingencies (Note 18) | ||
| Stockholders’ equity: | ||
| Common stock, $0.01 par value; 200,000 shares authorized; 40,395 and 39,982 shares issued and 34,874 and 35,572 shares outstanding as of December 31, 2024 and December 31, 2023, respectively | 403 | 399 |
| Treasury stock, at cost; 5,521 and 4,410 shares as of December 31, 2024 and December 31, 2023, respectively | (269,804) | (228,213) |
| Additional paid-in capital | 468,390 | 424,229 |
| Accumulated other comprehensive loss | (16,841) | (11,974) |
| Retained earnings | 336,202 | 342,653 |
| Total stockholders’ equity | 518,350 | 527,094 |
| Total liabilities and stockholders’ equity | $1,309,156 | $1,036,015 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.