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Getty Images Inc

Private Company Ticker Symbol™: (GETIMAP)

Business Summary

Getty Images is one of the world's largest creators and distributors of still photography images, video and multimedia products, and a provider of other forms of premium digital content, including music. Getty Images serves business customers in more than 100 countries and is a place that creative, advertising, and media professionals turn to in order to find, purchase and manage images and other digital content. Getty Images photography appears daily worldwide in major newspapers, magazines, advertising campaigns, films, television programs, books and Web sites.

Overview & Corporate Organization

Basic Information

Fiscal Year End:12/31
City:Seattle
State/Province:Washington
Country:United States

Corporate Organization

Subsidiaries:

Industry Information

Industry Codes

PICS™:1100411
NAICS:View
SIC:View

PrivCo Industries (Sector > Industry > Sub-Industry)

Media > Publishing > Stock Photography

The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.

Charts, Financials, and Statistics (Table Format)

Below are Getty Images Inc financials and other business metrics displayed in table format.
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Income Statement20072006200520042003200220012000199919981997
RevenuesViewView$733,176,000$622,250,000$523,196,000$463,011,000$450,985,000$484,846,000$247,840,000$185,084,000$100,797,000
Cost of Goods and Services SoldViewView$196,887,000$172,684,000$148,343,000$128,080,000$122,390,000$140,665,000$67,264,000$52,830,000$37,514,000
Gross ProfitViewView$536,289,000$449,566,000$374,853,000$334,931,000$328,595,000$344,181,000$180,576,000$132,254,000$63,283,000
Selling, General and Administrative ExpensesViewView$252,103,000$225,128,000$210,011,000$208,450,000$234,816,000$249,765,000$145,578,000$96,904,000$43,936,000
Nonrecurring Gain      ($11,590,000)$0$0  
Nonrecurring Charges - Other          $0
Depreciation (Nonproduction)ViewView$48,572,000$52,976,000$57,348,000$61,014,000$59,507,000$49,476,000$25,670,000$14,397,000$8,214,000
Amortization - Intangibles (Nonproductive)         $36,961,000$3,253,000
AmortizationViewView$9,519,000$4,559,000$4,052,000$14,999,000$80,775,000$118,663,000$64,330,000  
Restructuring ChargesViewView$0$0  $19,489,000$70,953,000$10,325,000$13,755,000 
Impairment of Long - Lived Assets Held for Use         $0 
Other Operating Income ExpenseViewView$717,000($1,187,000)$173,000$1,043,000     
Operating Expense - Other      $0    
Total Operating Expenses excluding costs     $285,506,000$406,177,000$488,857,000$245,903,000$162,017,000$55,403,000
Cost and Operating ExpensesViewView$507,798,000$454,160,000$419,927,000      
Operating Income/(Loss)ViewView$225,378,000$168,090,000$103,269,000$49,425,000($77,582,000)($144,676,000)($65,327,000)($29,763,000)$7,880,000
Interest ExpenseViewView$7,618,000$3,828,000$9,765,000$15,364,000$17,231,000$15,828,000$5,464,000  
Interest Income      $2,026,000$4,163,000$879,000  
Net Interest Income/(Expense)         ($2,986,000)$1,187,000
Gain/(Loss) on Disposition of Property       $0   
Gain/(Loss) Related to Litigation Settlement          ($974,000)
Gain/(Loss) on Investments      ($4,224,000)$0$0  
Other Non-operating Asset Related IncomeViewView$11,991,000$9,133,000$3,847,000$1,581,000     
Foreign Currency Exchange Gains/(Losses)    $2,142,000$445,000($1,545,000)($1,083,000)$135,000($124,000)($198,000)
Non-operating Income - Other          $0
Non-operating Expense - Other      $106,000$6,727,000$0$0 
Other Non-operating Income/(Expense) - Other        $284,000$0 
Non-operating Income/(Expense) - OtherViewView$350,000$467,000       
Income/(Loss) from Continuing Operations Before Income TaxesViewView$230,101,000$173,862,000$87,716,000$36,087,000($98,662,000)   $7,895,000
Income Loss Continuing Operations Before Income Taxes Extraordinary Items       ($164,151,000)($69,493,000)($32,873,000) 
Provision for Income TaxesViewView$80,740,000$67,450,000$23,699,000$14,619,000($3,350,000)$5,567,000($1,660,000)$2,680,000$3,873,000
Total Income Before Extraordinary Items       ($169,718,000)($67,833,000)($35,553,000)$4,022,000
Extinguishment of Debt    ($11,777,000)$0$0    
Extraordinary Items, Net of Tax Effect       $384,000$0($830,000)$0
Net Income (Loss)ViewView$149,361,000$106,412,000$64,017,000$21,468,000($95,312,000)($169,334,000)($67,833,000)($36,383,000)$4,022,000
Balance Sheet2007200620052004200320022001200019991998
Cash and Cash EquivalentsViewView$223,084,000$194,752,000$57,018,000$76,105,000$46,173,000$65,894,000$105,356,000$16,150,000
Short-Term InvestmentsViewView$295,191,000$325,958,000$250,565,000$40,698,000$0   
Net Accounts Receivable TradeViewView$107,020,000$89,272,000$75,781,000$73,006,000$71,162,000$84,771,000$64,742,000$32,967,000
Net Inventories     $1,615,000$3,404,000$7,616,000$4,970,000$2,834,000
Current Deferred Income TaxesViewView$0$8,335,000$13,206,000$11,147,000$9,430,000$6,082,000$4,953,000$2,010,000
Other Deferred Short Term Asset Charges      $8,253,000$17,998,000$13,674,000$6,583,000
Prepaid ExpensesViewView$11,815,000$10,651,000$9,693,000$6,925,000$7,199,000$7,277,000$15,380,000$10,675,000
Current Other AssetsViewView$8,553,000$2,894,000$1,246,000$3,493,000$5,020,000$12,248,000  
Current AssetsViewView$645,663,000$631,862,000$407,509,000$212,989,000$150,641,000$201,886,000$209,075,000$71,219,000
Net Property, Plant and EquipmentViewView$127,497,000$112,501,000$123,268,000$140,666,000$160,690,000$140,793,000$104,193,000$62,757,000
Long-Term Investments       $4,751,000$2,338,000$0
GoodwillViewView$804,804,000$628,717,000$603,024,000$603,011,000$600,428,000   
Indefinite-Lived (Excluding Goodwill)ViewView        
Net Finite-Lived       $707,408,000$608,016,000$325,861,000
Intangible Assets (Excluding Goodwill)  $50,206,000$13,874,000$16,615,000$18,606,000$22,994,000   
Noncurrent Deferred Tax Assets  $29,827,000$54,652,000$62,567,000$44,911,000$55,638,000$43,659,000$15,947,000$3,026,000
Noncurrent Other AssetsViewView$4,211,000$9,978,000$11,101,000$4,872,000$2,690,000$2,139,000  
AssetsViewView$1,662,208,000$1,451,584,000$1,224,084,000$1,025,055,000$993,081,000$1,100,636,000$939,569,000$462,863,000
Accounts PayableViewView$72,344,000$67,362,000$64,454,000$56,207,000$50,913,000$74,216,000$42,915,000$26,232,000
Accrued ExpensesViewView$38,676,000$42,810,000$42,459,000$46,770,000$52,011,000$51,424,000$42,329,000$20,148,000
Current Deferred Income Tax Liabilities  $17,228,000$0      
Income Taxes PayableViewView$0$3,608,000$8,170,000$8,101,000$14,498,000$16,283,000$2,953,000$0
Short-Term Borrowings - OtherViewView$265,000,000$0      
Current Portion of Long-Term Debt      $19,944,000$739,000$3,879,000$202,000
Current Other LiabilitiesViewView$4,122,000       
Current LiabilitiesViewView$397,370,000$113,780,000$115,083,000$111,078,000$137,366,000$142,662,000$92,076,000$46,582,000
Long-Term DebtViewView$0$265,000,000$265,011,000$244,739,000$256,215,000$274,427,000$101,802,000$72,354,000
Commitments and Contingencies       $0$0 
Deferred Tax LiabilityViewView$0       
Noncurrent Other LiabilitiesViewView$23,480,000$9,692,000$8,184,000$1,285,000$0   
LiabilitiesViewView$420,850,000$388,472,000$388,278,000$357,102,000$393,581,000$417,089,000$193,878,000$118,936,000
Preferred Stock - Value (Excluding Additional Paid in Capital)ViewView$0$0$0$0$0$0$0 
Convertible Preferred Stock - Value (Excluding Additional Paid in Capital)     $0$1,000$5,000$15,000 
Common Stock - Value (Excluding Additional Paid in Capital)ViewView$623,000$607,000$573,000$539,000$519,000$508,000$452,000$306,000
Additional Paid in CapitalViewView$1,296,310,000$1,210,203,000$1,098,249,000$1,007,015,000$969,134,000$957,108,000$841,320,000$368,267,000
Retained EarningsViewView($38,969,000)($168,603,000)($275,253,000)($339,270,000)($360,738,000)($265,426,000)($96,092,000)($28,259,000)
Treasury Stock - ValueViewView$0       
Cumulative Translation Adjustment, Net of Tax Effect         $3,613,000
Other Accumulated Comprehensive Income, Net of Tax EffectViewView($16,606,000)$20,905,000$12,685,000$575,000($9,416,000)($8,648,000)($4,000) 
Deferred Compensation   $0$448,000$906,000$0   
Stockholders' EquityViewView$1,241,358,000$1,063,112,000$835,806,000$667,953,000$599,500,000$683,547,000$745,691,000$343,927,000
Liabilities and Stockholders' EquityViewView$1,662,208,000$1,451,584,000$1,224,084,000$1,025,055,000$993,081,000$1,100,636,000$939,569,000$462,863,000
Cash Flow Statement20072006200520042003200220012000199919981997
Operating Activities Beginning Net IncomeViewView$149,361,000$106,412,000$64,017,000$21,468,000($95,312,000)($169,334,000)($67,833,000)($36,383,000)$4,022,000
Depreciation (Non-Production)ViewView$48,572,000$52,976,000$57,348,000$61,014,000$59,507,000    
Adjustment Amortization - Intangibles (Non-Productive)ViewView$9,519,000$4,559,000$4,052,000      
Amortization   $1,915,000$1,837,000$16,926,000$82,747,000$1,609,000$0$0 
Depreciation and Amortization       $168,139,000$90,000,000$51,358,000$11,467,000
Total Adjustments to Provision for Doubtful AccountsViewView$2,739,000$3,239,000$4,058,000$6,369,000$4,510,000$5,992,000$729,000$412,000$536,000
Restructuring ChargesViewView$0        
Asset Impairment Charges      $10,689,000$53,406,000$0$0 
Adjustments to Realized Gains/(Losses) on Sale of InvestmentsViewView$0$0       
Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment   $0       
Tax Benefit from Exercise of Stock OptionsViewView($68,788,000)($4,820,000)$0$0 ($13,502,000)($4,475,000)$0 
Adjustment for Equity Based Compensation ExpenseViewView$1,269,000$576,000       
Deferred Income Taxes   $49,671,000$10,320,000$10,611,000($14,120,000)($27,734,000)($15,865,000)$462,000 
Adjustment Extraordinary Items    ($11,777,000)$0$0$635,000$0$0 
Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease)ViewView$10,756,000$3,031,000  $215,000$6,741,000$1,056,000$4,291,000$113,000
Change Accounts ReceivableViewView$15,159,000$16,006,000$914,000$4,892,000($7,948,000)$7,274,000$13,895,000$2,359,000$2,385,000
Increase/(Decrease) in Inventories       $4,775,000$459,000$1,758,000$0
Increase/(Decrease) in Other Non-operating Assets          $3,755,000
Increase/(Decrease) in Accounts PayableViewView($9,783,000)($530,000)$2,585,000$3,553,000($22,895,000)   $919,000
Increase/(Decrease) in Accrued ExpensesViewView($8,776,000)($2,510,000)($6,979,000)($6,547,000)$3,000,000   $2,257,000
Increase/(Decrease) in Accounts Payable and Accrued Expenses       ($15,507,000)$12,300,000($596,000) 
Increase/(Decrease) in Income Taxes PayableViewView($2,486,000)($4,039,000)$3,314,000($5,834,000)($1,552,000)    
Change Income Taxes Receivable and Payables Net       $12,584,000$2,305,000($3,340,000) 
Net Other Increase/(Decrease) in Working CapitalViewView($2,477,000)$1,532,000($6,639,000)($2,830,000)($10,523,000)($968,000)$7,442,000$4,865,000 
Net Cash Flows Provided By/(Used In) Operating ActivitiesViewView$257,277,000$202,582,000$158,054,000$105,498,000$45,260,000$37,682,000$5,371,000$7,222,000$13,174,000
Purchase of Property, Plant and EquipmentViewView$57,766,000$36,723,000$35,347,000$39,514,000$72,748,000$78,634,000$51,580,000$27,305,000$14,901,000
Purchase of Available-for-Sale SecuritiesViewView$101,575,000$341,671,000$274,226,000$37,750,000$0    
Purchase of Held-to-Maturity Securities     $47,865,000$0$0   
Purchase of Investments        $1,688,000$0$0
Proceeds from Available-for-Sale SecuritiesViewView$129,619,000$263,398,000$66,198,000$15,000,000$0    
Proceeds from Held-to-Maturity Securities    $20,388,000$7,192,000$0$0   
Acquisition of Businesses, Net of Cash AcquiredViewView$234,432,000$25,611,000$5,496,000$0$737,000$232,897,000$193,956,000$80,564,000$20,546,000
Purchase Intangible Assets      $1,199,000$2,681,000   
Increase Decrease Deposits       ($2,138,000)$0$0 
Proceeds from Sale of Other Assets      $2,886,000    
Proceeds from Sale of Property, Plant and Equipment       $523,000$12,000$0 
Net Other Investing ActivitiesViewView$643,000($46,000)($309,000)$346,000$0$0   
Net Cash Flows Provided By/(Used In) Investing ActivitiesViewView($264,797,000)($140,561,000)($228,174,000)($103,283,000)($71,798,000)($315,827,000)($247,212,000)($107,869,000)($35,447,000)
Proceeds from Lines of Credit Long TermViewView$0        
Proceeds Debt          $0
Net Proceeds from Issuance of Long-Term Debt and Capital Securities    $265,000,000$15,000,000$0$250,000,000$30,000,000$123,168,000 
Repayments DebtViewView$0 $257,142,000$35,103,000$972,000$12,757,000$452,000$67,153,000$3,052,000
Excess Tax Benefit Stock Option ExercisedViewView$0        
Debt Issuance Costs    $7,965,000$714,000$0$9,066,000$1,061,000$0$0
Proceeds from Issuance of Common StockViewView$42,172,000$73,998,000$70,866,000$23,914,000$7,105,000$19,961,000$309,790,000$33,306,000$0
Repurchase of Common StockViewView$0$0       
Stock Issuance Costs       $797,000$8,210,000$4,318,000$0
Cash Provided by/(Used in) Financing Activities - OtherViewView($558,000)($1,429,000)   ($6,689,000)$0$0 
Net Cash Flows Provided By/(Used In) Financing ActivitiesViewView$41,614,000$72,569,000$70,759,000$3,097,000$6,133,000$240,652,000$330,067,000$85,003,000($3,052,000)
Effect of Exchange Rate on Cash and Cash EquivalentsViewView($5,762,000)$3,144,000$3,024,000$1,870,000$684,000($1,969,000)$980,000$2,560,000($4,380,000)
Increase/(Decrease) in Cash and Cash EquivalentsViewView$28,332,000$137,734,000$3,663,000$7,182,000($19,721,000)($39,462,000)$89,206,000($13,084,000)($29,705,000)
Cash and cash equivalents at the beginning of the yearViewView$194,752,000$57,018,000$53,355,000$46,173,000$65,894,000$105,356,000$16,150,000$29,234,000$58,939,000
Total Cash and cash equivalents at the end of the yearViewView$223,084,000$194,752,000$57,018,000$53,355,000$46,173,000$65,894,000$105,356,000$16,150,000$29,234,000
Income Taxes PaidViewView$18,191,000$22,189,000$9,021,000$9,967,000$8,812,000$5,407,000$7,780,000$6,387,000$769,000
Cash Interest ExpenseViewView$1,343,000$1,912,000$11,402,000$13,795,000$14,769,000$10,808,000$5,167,000$2,314,000$1,688,000
Conversion of Debt SecuritiesViewView$0  $12,925,000$0$62,347,000$0$0 
Fair Value of Assets Acquired      $3,459,000$22,101,000$165,648,000$225,680,000 
Supplemental Other Net   $0$0      
Notes
Financial Notes:
*Getty Images Inc fiscal year end: 12/31
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Charts, Financials, and Statistics (Graphs)

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Getty Images Inc Revenues ($ MM):
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Getty Images Inc Cost of Goods and Services Sold ($ MM):
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Getty Images Inc Gross Profit ($ MM):
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Getty Images Inc Depreciation (Nonproduction) ($ MM):
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Getty Images Inc Restructuring Charges ($ MM):
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Getty Images Inc Other Operating Income Expense ($ MM):
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Getty Images Inc Cost and Operating Expenses ($ MM):
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Getty Images Inc Operating Income/(Loss) ($ MM):
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Getty Images Inc Interest Expense ($ MM):
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Getty Images Inc Net Income (Loss) ($ MM):
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Getty Images Inc Cash and Cash Equivalents ($ MM):
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Net Inventories ($ MM) Graph

Getty Images Inc Current Deferred Income Taxes ($ MM):
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Getty Images Inc Current Other Assets ($ MM):
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Getty Images Inc Current Assets ($ MM):
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Getty Images Inc Goodwill ($ MM):
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Intangible Assets (Excluding Goodwill) ($ MM) Graph
Noncurrent Deferred Tax Assets ($ MM) Graph

Getty Images Inc Noncurrent Other Assets ($ MM):
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Getty Images Inc Assets ($ MM):
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Getty Images Inc Accounts Payable ($ MM):
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Getty Images Inc Accrued Expenses ($ MM):
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Getty Images Inc Income Taxes Payable ($ MM):
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Getty Images Inc Current Other Liabilities ($ MM):
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Getty Images Inc Current Liabilities ($ MM):
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Getty Images Inc Long-Term Debt ($ MM):
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Getty Images Inc Deferred Tax Liability ($ MM):
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Getty Images Inc Noncurrent Other Liabilities ($ MM):
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Getty Images Inc Liabilities ($ MM):
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Getty Images Inc Common Stock - Value (Excluding Additional Paid in Capital) ($):
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Getty Images Inc Additional Paid in Capital ($ MM):
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Getty Images Inc Retained Earnings ($ MM):
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Getty Images Inc Other Accumulated Comprehensive Income, Net of Tax Effect ($ MM):
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Getty Images Inc Stockholders' Equity ($ MM):
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Getty Images Inc Liabilities and Stockholders' Equity ($ MM):
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Getty Images Inc Operating Activities Beginning Net Income ($ MM):
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Getty Images Inc Depreciation (Non-Production) ($ MM):
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Getty Images Inc Adjustment Amortization - Intangibles (Non-Productive) ($ MM):
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Amortization ($ MM) Graph
Depreciation and Amortization ($ MM) Graph

Getty Images Inc Total Adjustments to Provision for Doubtful Accounts ($ MM):
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Getty Images Inc Restructuring Charges ($ MM):
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Asset Impairment Charges ($ MM) Graph

Getty Images Inc Adjustments to Realized Gains/(Losses) on Sale of Investments ($ MM):
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Getty Images Inc Tax Benefit from Exercise of Stock Options ($ MM):
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Getty Images Inc Adjustment for Equity Based Compensation Expense ($ MM):
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Deferred Income Taxes ($ MM) Graph
Adjustment Extraordinary Items ($ MM) Graph

Getty Images Inc Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) ($ MM):
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Getty Images Inc Change Accounts Receivable ($ MM):
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Increase/(Decrease) in Inventories ($ MM) Graph

Getty Images Inc Increase/(Decrease) in Accounts Payable ($ MM):
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Getty Images Inc Increase/(Decrease) in Accrued Expenses ($ MM):
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Increase/(Decrease) in Accounts Payable and Accrued Expenses ($ MM) Graph

Getty Images Inc Increase/(Decrease) in Income Taxes Payable ($ MM):
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Change Income Taxes Receivable and Payables Net ($ MM) Graph

Getty Images Inc Net Other Increase/(Decrease) in Working Capital ($ MM):
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Getty Images Inc Net Cash Flows Provided By/(Used In) Operating Activities ($ MM):
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Getty Images Inc Purchase of Property, Plant and Equipment ($ MM):
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Getty Images Inc Purchase of Available-for-Sale Securities ($ MM):
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Purchase of Held-to-Maturity Securities ($ MM) Graph
Purchase of Investments ($ MM) Graph

Getty Images Inc Proceeds from Available-for-Sale Securities ($ MM):
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Proceeds from Held-to-Maturity Securities ($ MM) Graph

Getty Images Inc Acquisition of Businesses, Net of Cash Acquired ($ MM):
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Purchase Intangible Assets ($ MM) Graph
Increase Decrease Deposits ($ MM) Graph
Proceeds from Sale of Property, Plant and Equipment ($) Graph

Getty Images Inc Net Other Investing Activities ($):
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Getty Images Inc Net Cash Flows Provided By/(Used In) Investing Activities ($ MM):
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Getty Images Inc Proceeds from Lines of Credit Long Term ($ MM):
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Net Proceeds from Issuance of Long-Term Debt and Capital Securities ($ MM) Graph

Getty Images Inc Repayments Debt ($ MM):
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Getty Images Inc Excess Tax Benefit Stock Option Exercised ($ MM):
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Debt Issuance Costs ($ MM) Graph

Getty Images Inc Proceeds from Issuance of Common Stock ($ MM):
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Getty Images Inc Repurchase of Common Stock ($ MM):
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Stock Issuance Costs ($ MM) Graph

Getty Images Inc Cash Provided by/(Used in) Financing Activities - Other ($ MM):
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Getty Images Inc Net Cash Flows Provided By/(Used In) Financing Activities ($ MM):
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Getty Images Inc Effect of Exchange Rate on Cash and Cash Equivalents ($ MM):
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Getty Images Inc Increase/(Decrease) in Cash and Cash Equivalents ($ MM):
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Getty Images Inc Cash and cash equivalents at the beginning of the year ($ MM):
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Getty Images Inc Total Cash and cash equivalents at the end of the year ($ MM):
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Getty Images Inc Income Taxes Paid ($ MM):
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Getty Images Inc Cash Interest Expense ($ MM):
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Getty Images Inc Conversion of Debt Securities ($ MM):
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Fair Value of Assets Acquired ($ MM) Graph
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Mergers & Acquisitions

PrivCo's M&A Activity table for Getty Images Inc displays the mergers and acquisitions involving Getty Images Inc, for example if Getty Images Inc acquired or was acquired by another entity, any leveraged buyout (LBO), etc.
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DateStatusTargetBuyerDeal TypePrice
DetailsFeb. 2007CompletedViewViewAcquisitionView
DetailsJun. 2007CompletedViewViewAcquisitionView
DetailsFeb. 2008CompletedViewViewAcquisition
Leveraged Buyout (LBO)
Take Private
View
DetailsOct. 2008CompletedViewViewAcquisitionView
DetailsMay. 2011CompletedView1ViewAcquisitionView
DetailsMay. 2012CompletedView2ViewAcquisition
Divestiture
View
DetailsAug. 2012CompletedView3ViewSecondary Sale
Acquisition
Leveraged Buyout (LBO)
Majority Acquisition
Management Buyout (MBO)
View
DetailsOct. 2012CompletedViewViewAcquisitionView
DetailsApr. 2013CompletedViewViewAcquisitionView
Notes
1Getty Images announced that it...Read More →
2Terms...Read More →
3Carlyle will acquire a controlling...Read More →
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Public / Private History (PPH™)

Many private companies were once public or have attempted to go public in the past. Since mapping a private company's Public/Private History (PPH)™ can often be complicated and take time, we've created PrivCo's Public/Private History (PPH)™ Table to assist.
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DateDeal TypeActionResulting StatusValuationAmount RaisedPublic Ticker
DetailsFeb. 2008ViewViewViewViewViewView

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