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Shutterfly (Shutterfly) EBIT : $63 Mil (TTM As of Jun. 2019)


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What is Shutterfly EBIT?

Shutterfly's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2019 was $-7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was $63 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shutterfly's annualized ROC % for the quarter that ended in Jun. 2019 was -0.68%. Shutterfly's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was -8.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shutterfly's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was 3.60%.


Shutterfly EBIT Historical Data

The historical data trend for Shutterfly's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shutterfly EBIT Chart

Shutterfly Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.75 19.01 49.61 63.08 120.90

Shutterfly Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.35 -85.68 260.29 -104.60 -6.85

Competitive Comparison of Shutterfly's EBIT

For the Personal Services subindustry, Shutterfly's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shutterfly's EV-to-EBIT Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Shutterfly's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shutterfly's EV-to-EBIT falls into.



Shutterfly EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $63 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Shutterfly  (NAS:SFLY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Shutterfly's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

ROC % (Q: Jun. 2019 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2019 ) + Invested Capital (Q: Jun. 2019 ))/ count )
=-18.648 * ( 1 - 36.85% )/( (1767.6 + 1694.857)/ 2 )
=-11.776212/1731.2285
=-0.68 %

where

Invested Capital(Q: Mar. 2019 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1945.914 - 118.824 - ( 180.776 - max(0, 301.822 - 361.312+180.776))
=1767.6

Invested Capital(Q: Jun. 2019 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1891.174 - 119.293 - ( 124.351 - max(0, 252.594 - 329.618+124.351))
=1694.857

Note: The Operating Income data used here is four times the quarterly (Jun. 2019) data.

2. Joel Greenblatt's definition of Return on Capital:

Shutterfly's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2019 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2019  Q: Jun. 2019
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-27.392/( ( (342.073 + max(-121.533, 0)) + (336.655 + max(-58.246, 0)) )/ 2 )
=-27.392/( ( 342.073 + 336.655 )/ 2 )
=-27.392/339.364
=-8.07 %

where Working Capital is:

Working Capital(Q: Mar. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(56.735 + 20.932 + 61.424) - (118.824 + 96.341 + 45.459)
=-121.533

Working Capital(Q: Jun. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(60.433 + 20.916 + 73.414) - (119.293 + 38.35 + 55.366)
=-58.246

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Shutterfly's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2019 )
=63.157/1753.150
=3.60 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Shutterfly EBIT Related Terms

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Shutterfly (Shutterfly) Business Description

Traded in Other Exchanges
N/A
Address
2800 Bridge Parkway, Redwood City, CA, USA, 94065
Shutterfly Inc. is a personal services company that primarily manufactures and retails photo-based products and services for customers in the United States through its portfolio of brands. The company segments its activities into Consumer, Enterprise, and Corporate units. Shutterfly derives the vast majority of its revenue from its Consumer division, which produces and sells professionally bound photo books, greeting and stationary cards, personalized calendars, and prints. These products are all manufactured in the company's facilities located in the United States. Shutterfly also retails photo-based merchandise such as mugs, candles, pillows, and blankets that are manufactured by third-party firms. Substantially all of the company's sales are from the United States.
Executives
Betsy Rafael director 550 MERIDIAN AVENUE, SAN JOSE CA 95126
Ann Mather director
Henry Tayloe Stansbury director 807 11TH AVENUE, SUNNYVALE CA 94089
Michael W Pope officer: SVP & Chief Financial Officer 601 BRANNAN STREET, SAN FRANCISCO CA 94107
Ryan Ohara director, officer: President and CEO 6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028
William J Lansing director NET PERCEPTIONS, INC, 7700 FRANCE AVENUE SOUTH, EDINA MN 55435
Scott Arnold officer: President, Shutterfly Ent. 6740 SHADY OAK RD, EDEN PRAIRIE MN 55344
Elizabeth P Sartain director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Maureen M. Mericle officer: SVP, Chief Marketing Officer C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
James A Hilt officer: President, Shutterfly Consumer 1 EXPRESS DRIVE, COLUMBUS OH 43230
Michael P Zeisser director
Eva Manolis director C/O SHUTTERFLY, INC., 2800 BRIDGE PARKWAY, REDWOOD CITY CA 94065
Lisa Blackwood-kapral officer: Chief Accounting Officer C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Jeffrey T Housenbold director, officer: PRESIDENT & CEO 303 2ND STREET, SOUTH TOWER, 8TH FLOOR, SAN FRANCISCO CA 94107
Brian M Regan officer: SVP, Chief Financial Officer C/O TICKETMASTER 8800 WEST SUNSET BLVD. WEST HOLLYWOOD CA 90069