$SSTK
Shutterstock, Inc.

2013 Q3 Form 10-Q Financial Statement

#000110465913082825 Filed on November 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $59.56M $42.26M
YoY Change 40.93% 35.64%
Cost Of Revenue $22.94M $16.06M
YoY Change 42.84% 41.19%
Gross Profit $36.62M $26.20M
YoY Change 39.76% 32.45%
Gross Profit Margin 61.49% 62.0%
Selling, General & Admin $21.02M $13.52M
YoY Change 55.52% 22.53%
% of Gross Profit 57.41% 51.59%
Research & Development $5.685M $3.795M
YoY Change 49.8% 35.01%
% of Gross Profit 15.52% 14.48%
Depreciation & Amortization $956.0K $665.0K
YoY Change 43.76% 66.25%
% of Gross Profit 2.61% 2.54%
Operating Expenses $26.71M $17.31M
YoY Change 54.27% 25.07%
Operating Profit $9.914M $8.890M
YoY Change 11.52% 49.66%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $20.00K -$3.000K
YoY Change -766.67% -400.0%
Pretax Income $9.934M $8.887M
YoY Change 11.78% 49.59%
Income Tax $3.740M $146.0K
% Of Pretax Income 37.65% 1.64%
Net Earnings $6.200M $8.700M
YoY Change -28.74% 52.63%
Net Earnings / Revenue 10.41% 20.59%
Basic Earnings Per Share $0.18 $0.31
Diluted Earnings Per Share $0.18 $0.31
COMMON SHARES
Basic Shares Outstanding 33.69M shares 20.85M shares
Diluted Shares Outstanding 34.28M shares 20.85M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $195.5M $28.80M
YoY Change 578.82%
Cash & Equivalents $195.5M $28.79M
Short-Term Investments
Other Short-Term Assets $29.90M $6.000M
YoY Change 398.33%
Inventory
Prepaid Expenses
Receivables $5.450M $1.400M
Other Receivables $2.500M $2.100M
Total Short-Term Assets $233.4M $38.20M
YoY Change 511.12%
LONG-TERM ASSETS
Property, Plant & Equipment $8.634M $5.400M
YoY Change 59.89%
Goodwill $1.423M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.60M $600.0K
YoY Change 2333.33%
Total Long-Term Assets $25.51M $8.500M
YoY Change 200.12%
TOTAL ASSETS
Total Short-Term Assets $233.4M $38.20M
Total Long-Term Assets $25.51M $8.500M
Total Assets $259.0M $46.70M
YoY Change 454.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.248M $2.300M
YoY Change 128.17%
Accrued Expenses $19.66M $13.70M
YoY Change 43.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $12.00M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $84.05M $71.10M
YoY Change 18.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.709M $5.500M
YoY Change -68.93%
Total Long-Term Liabilities $1.709M $5.500M
YoY Change -68.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $84.05M $71.10M
Total Long-Term Liabilities $1.709M $5.500M
Total Liabilities $85.76M $76.60M
YoY Change 11.95%
SHAREHOLDERS EQUITY
Retained Earnings $46.94M
YoY Change
Common Stock $126.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $173.2M -$29.90M
YoY Change
Total Liabilities & Shareholders Equity $259.0M $46.70M
YoY Change 454.51%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $6.200M $8.700M
YoY Change -28.74% 52.63%
Depreciation, Depletion And Amortization $956.0K $665.0K
YoY Change 43.76% 66.25%
Cash From Operating Activities $14.70M $14.00M
YoY Change 5.0% 45.83%
INVESTING ACTIVITIES
Capital Expenditures -$1.800M -$600.0K
YoY Change 200.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$1.800M -$600.0K
YoY Change 200.0% -53.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $65.90M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 69.90M 400.0K
YoY Change 17375.0% -107.55%
NET CHANGE
Cash From Operating Activities 14.70M 14.00M
Cash From Investing Activities -1.800M -600.0K
Cash From Financing Activities 69.90M 400.0K
Net Change In Cash 82.80M 13.80M
YoY Change 500.0% 360.0%
FREE CASH FLOW
Cash From Operating Activities $14.70M $14.00M
Capital Expenditures -$1.800M -$600.0K
Free Cash Flow $16.50M $14.60M
YoY Change 13.01% 35.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Use of Estimates</font></i></b></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company&#8217;s management to make a number of estimates and assumptions relating to the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the period. The Company evaluates its significant estimates on an ongoing basis, including, but not limited to allowance for doubtful accounts, goodwill, intangibles, non-cash equity-based compensation, income tax provision and for certain non-income tax accruals. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.</font></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> </div>
sstk Number Of Subscription Or Usage Based Plans
NumberOfSubscriptionOrUsageBasedPlans
4 item
CY2013Q3 sstk Chargeback And Sales Refund Allowance
ChargebackAndSalesRefundAllowance
155000 USD
CY2012Q4 sstk Chargeback And Sales Refund Allowance
ChargebackAndSalesRefundAllowance
70000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2012Q4 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
28811000 USD
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1589748 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1589748 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2013Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
376550 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
376550 shares
CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33692876 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20849242 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33522289 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20849242 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
536741 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
444556 shares
CY2013Q3 sstk Incremental Common Shares Attributable To Unvested Restricted Stock Awards
IncrementalCommonSharesAttributableToUnvestedRestrictedStockAwards
51039 shares
sstk Incremental Common Shares Attributable To Unvested Restricted Stock Awards
IncrementalCommonSharesAttributableToUnvestedRestrictedStockAwards
76728 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34280656 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20849242 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34043573 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20849242 shares
CY2013Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
59558000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
167484000 USD
CY2012Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
42260000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
120459000 USD
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1829000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
958000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
871000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1829000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
789000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1040000 USD
CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
57000 USD
CY2012Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
63000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
169000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
187000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
20000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
78000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
78000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
78000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
78000 USD
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
539000 USD
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14630000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10261000 USD
CY2013Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5996000 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5006000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8634000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5255000 USD
CY2013Q3 us-gaap Depreciation
Depreciation
956000 USD
CY2012Q3 us-gaap Depreciation
Depreciation
665000 USD
us-gaap Depreciation
Depreciation
2569000 USD
us-gaap Depreciation
Depreciation
1701000 USD
CY2012Q4 sstk Accrued Nonincome Taxes Current
AccruedNonincomeTaxesCurrent
3567000 USD
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4246000 USD
CY2012Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
588000 USD
CY2013Q3 sstk Accrued Royalty Tax Withholdings Current
AccruedRoyaltyTaxWithholdingsCurrent
5122000 USD
CY2013Q3 sstk Accrued Nonincome Taxes Current
AccruedNonincomeTaxesCurrent
3861000 USD
CY2013Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4810000 USD
CY2013Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
371000 USD
CY2013Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
684000 USD
CY2013Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4816000 USD
CY2013Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
19664000 USD
CY2012Q4 sstk Accrued Royalty Tax Withholdings Current
AccruedRoyaltyTaxWithholdingsCurrent
4644000 USD
CY2012Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
469000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2092000 USD
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
15606000 USD
CY2013Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.376 pure
CY2012Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.016 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.397 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.020 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001 pure
sstk Effective Income Tax Rate Before Adjustments Of State And Local Income Taxes
EffectiveIncomeTaxRateBeforeAdjustmentsOfStateAndLocalIncomeTaxes
0.396 pure
CY2013Q3 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2000 USD
CY2012Q3 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
986000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
18000 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
2000 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
13000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
6000000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
125000 USD
CY2013Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
801000 USD
CY2012Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
430000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1830000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1151000 USD
CY2013Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1829000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1829000 USD
sstk Operating Leases Lease Term
OperatingLeasesLeaseTerm
P11Y
CY2013Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
42200000 USD
CY2013Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
4185000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
3409000 USD
CY2013Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
907000 USD
CY2013Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
833000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
2274000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
943000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
192000 USD
CY2013Q3 sstk Maximum Indemnification Obligation And Liability Per Customer
MaximumIndemnificationObligationAndLiabilityPerCustomer
10000 USD
CY2012Q4 sstk Indemnification Liability
IndemnificationLiability
0 USD
CY2013Q3 sstk Indemnification Liability
IndemnificationLiability
0 USD
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03 pure
CY2013Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
186000 USD
CY2012Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
129000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
503000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
398000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2827000 USD
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1852000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4422000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
24200000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
0 USD
dei Entity Registrant Name
EntityRegistrantName
Shutterstock, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001549346
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
35004044 shares
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
195519000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
102096000 USD
CY2013Q3 sstk Credit Card Receivables Current
CreditCardReceivablesCurrent
2526000 USD
CY2012Q4 sstk Credit Card Receivables Current
CreditCardReceivablesCurrent
1373000 USD
CY2013Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5450000 USD
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1738000 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
25604000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2008000 USD
CY2013Q3 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
4347000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
18760000 USD
CY2013Q3 us-gaap Assets Current
AssetsCurrent
233446000 USD
CY2012Q4 us-gaap Assets Current
AssetsCurrent
125975000 USD
CY2013Q3 us-gaap Goodwill
Goodwill
1423000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
67571000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
1423000 USD
CY2013Q3 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
12566000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
13239000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
2016000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
182000 USD
CY2013Q3 us-gaap Assets
Assets
258956000 USD
CY2012Q4 us-gaap Assets
Assets
147114000 USD
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2606000 USD
CY2013Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
9002000 USD
CY2013Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
5248000 USD
CY2013Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
204000 USD
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14947000 USD
CY2012Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
6984000 USD
CY2013Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
49929000 USD
CY2012Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
37934000 USD
CY2012Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
6000000 USD
CY2012Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
161000 USD
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
84047000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
69291000 USD
CY2013Q3 us-gaap Liabilities
Liabilities
85756000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
70180000 USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q3 us-gaap Common Stock Value
CommonStockValue
351000 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
335000 USD
CY2013Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
125912000 USD
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
48282000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
46937000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
28317000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
173200000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
76934000 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
258956000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
147114000 USD
CY2013Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2013Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35004000 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
33513000 shares
CY2012Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
9752000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
40240000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
33085000 USD
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5685000 USD
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3795000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15300000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10655000 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6076000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3765000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16590000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11943000 USD
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
49644000 USD
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
33369000 USD
us-gaap Costs And Expenses
CostsAndExpenses
136655000 USD
us-gaap Costs And Expenses
CostsAndExpenses
101565000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
9914000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
8891000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
30829000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
18894000 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
20000 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
29000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9934000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
8888000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
30858000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
18897000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3740000 USD
CY2012Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
-77000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
59000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
-1419000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
146000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12238000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
374000 USD
CY2013Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
6194000 USD
CY2012Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
8742000 USD
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
18620000 USD
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
18523000 USD
CY2012Q3 sstk Preferred Interest Distributed
PreferredInterestDistributed
2263000 USD
sstk Preferred Interest Distributed
PreferredInterestDistributed
6051000 USD
CY2013Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
18000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6176000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6556000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18561000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13891000 USD
CY2012Q3 us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
0.32
us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
0.87
CY2013Q3 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.18
CY2012Q3 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
-0.01
us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.55
us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
-0.20
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
CY2012Q3 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.32
us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.87
CY2013Q3 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
0.18
CY2012Q3 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
-0.01
us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
0.55
us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
-0.20
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2738000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1888000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15086000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-251000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4422000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2827000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
3226000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
464000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
131000 USD
sstk Chargeback Reserve And Recovery
ChargebackReserveAndRecovery
85000 USD
sstk Increase Decrease In Credit Card Receivable
IncreaseDecreaseInCreditCardReceivable
1153000 USD
sstk Increase Decrease In Credit Card Receivable
IncreaseDecreaseInCreditCardReceivable
1136000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4176000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
861000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
20508000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3635000 USD
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-168000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5971000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5998000 USD
us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
2018000 USD
us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
1473000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
11995000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7763000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-14769000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
32461000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
32888000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4788000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3268000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
193000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-1821000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
38000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-6609000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3423000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5068000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3226000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
-12000000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2489000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
618000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
93423000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
14696000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
300000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
14194000 USD
us-gaap Interest Paid
InterestPaid
34000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14097000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28793000 USD
CY2013Q3 sstk Common Stock Shares Transferred In Follow On Offering
CommonStockSharesTransferredInFollowOnOffering
5290000 shares
CY2013Q3 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
690000 shares
CY2013Q3 sstk Common Stock Issue Price
CommonStockIssuePrice
60.00
CY2013Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1150000 shares
CY2013Q3 sstk Stock Issued During Period Shares Sold By Stockholders
StockIssuedDuringPeriodSharesSoldByStockholders
4140000 shares
CY2013Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65895000 USD
CY2013Q3 sstk Issuance Of Common Stock Offering Expenses
IssuanceOfCommonStockOfferingExpenses
945000 USD
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1709000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
889000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65895000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
80000 USD
CY2013Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
2445000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-6000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
12000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1160000 USD
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
173000000 USD

Files In Submission

Name View Source Status
0001104659-13-082825-index-headers.html Edgar Link pending
0001104659-13-082825-index.html Edgar Link pending
0001104659-13-082825.txt Edgar Link pending
0001104659-13-082825-xbrl.zip Edgar Link pending
a13-22375_110q.htm Edgar Link pending
a13-22375_1ex31d1.htm Edgar Link pending
a13-22375_1ex31d2.htm Edgar Link pending
a13-22375_1ex32d1.htm Edgar Link pending
a13-22375_1ex32d2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sstk-20130930.xml Edgar Link completed
sstk-20130930.xsd Edgar Link pending
sstk-20130930_cal.xml Edgar Link unprocessable
sstk-20130930_def.xml Edgar Link unprocessable
sstk-20130930_lab.xml Edgar Link unprocessable
sstk-20130930_pre.xml Edgar Link unprocessable