Shutterstock, Inc.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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.
FY2025 · Filed Feb 17, 2026
SSTK$2.83-4.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $45,496 | $35,932 | $110,269 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 90,894 | 87,626 | 79,729 |
| Deferred taxes | 7,568 | (10,963) | (26,176) |
| Non-cash equity-based compensation | 61,076 | 56,330 | 48,577 |
| Loss on impairment of long-term investment | 5,000 | — | — |
| Bad debt expense | 713 | (2,033) | 1,894 |
| Bargain purchase gain | — | — | (50,261) |
| Unrealized gain on investments, net | (20,909) | (2,160) | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (16,325) | 4,944 | (24,409) |
| Prepaid expenses and other current and non-current assets | 11,363 | (17,934) | (50,501) |
| Accounts payable and other current and non-current liabilities | (11,572) | (48,600) | 20,892 |
| Envato Seller Obligations | — | (63,320) | — |
| Contributor royalties payable | 11,663 | 14,654 | 15,841 |
| Deferred revenue | (18,281) | (21,830) | 14,697 |
| Net cash provided by operating activities | $166,686 | $32,646 | $140,552 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures | (42,856) | (47,215) | (44,645) |
| Business combination, net of cash acquired | — | (179,071) | (53,721) |
| Cash received related to Giphy Retention Compensation | 1,605 | 63,971 | 53,657 |
| Acquisition of content | (6,506) | (4,029) | (11,096) |
| Security deposit (payment) / release | (40) | 176 | 1,489 |
| Net cash used in investing activities | $(47,797) | $(166,168) | $(54,316) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from exercise of stock options | — | — | 2 |
| Cash paid related to settlement of employee taxes related to RSU vesting | (9,442) | (12,167) | (15,834) |
| Payment of cash dividends | (46,530) | (42,383) | (38,667) |
| Proceeds from credit facility | — | 280,000 | 30,000 |
| Repayment of credit facility | (3,126) | (31,563) | (50,000) |
| Repurchase of treasury shares | — | (41,591) | (28,205) |
| Payment of debt issuance costs | — | (2,200) | — |
| Net cash (used in) / provided by financing activities | $(59,098) | $150,096 | $(102,704) |
| Effect of foreign exchange rate changes on cash | 7,202 | (5,813) | 1,804 |
| Net increase / (decrease) in cash and cash equivalents | 66,993 | 10,761 | (14,664) |
| Cash and cash equivalents, beginning of period | 111,251 | 100,490 | 115,154 |
| Cash and cash equivalents, end of period | $178,244 | $111,251 | $100,490 |
| Supplemental Disclosure of Cash Information: | |||
| Cash paid for: | |||
| Cash paid for income taxes | $20,162 | $34,033 | $33,067 |
| Cash paid for interest | $16,476 | $7,830 | 1,724 |
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