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Shutterstock, Inc. cash flow statement

In fiscal 2025, Shutterstock, Inc.'s operations generated $167m of cash; it spent $42.9m on capital projects, leaving free cash flow of $124m. It returned $46.5m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations10110810210316521615814133167133
Depreciation and amortisation2035465041496880889179
Stock-based pay2825242328363649566153
Capital spending4055352626284345474342
Free cash flow6153677713918811596−1512490
Free cash flow after stock pay332843541111527947−716337
Dividends paid00105024313539424749
Share buybacks6025000267328420—
Shares issued——002300————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Shutterstock, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Shutterstock, Inc.