Shutterfly 2015 Annual Report Download - page 112

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Note 16 — Quarterly Financial Data (Unaudited)
Summarized quarterly financial data for the years ended December 31, 2015 and 2014 are as follows (in
thousands, except per share amounts):
Year Ended December 31, 2015
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Net revenues .............................. $ 159,978 $ 183,879 $ 167,492 $ 548,080
Gross profit ............................... $ 65,271 $ 87,232 $ 59,501 $ 319,347
Net income/(loss) .......................... $ (45,103) $ (23,777) $ (63,077) $ 131,114
Net income/(loss) per common share:
Basic .................................... $ (1.19) $ (0.63) $ (1.73) $ 3.73
Diluted ................................... $ (1.19) $ (0.63) $ (1.73) $ 3.57
Year Ended December 31, 2014
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Net revenues .............................. $ 137,099 $ 159,148 $ 142,008 $ 483,325
Gross profit ............................... $ 60,756 $ 75,813 $ 52,282 $ 280,009
Net income/(loss) .......................... $ (34,214) $ (27,052) $ (46,244) $ 99,650
Net income/(loss) per common share:
Basic .................................... $ (0.89) $ (0.70) $ (1.20) $ 2.59
Diluted ................................... $ (0.89) $ (0.70) $ (1.20) $ 2.51
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