Shutterfly Reports Big Revenue Jump, Boosted by Acquisition
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Unless otherwise stated, all financial measures include the effects of the Tiny Prints acquisition effective April 25, 2011.
Adjusted EBITDA is a non-GAAP financial measure that the Company defines as earnings before interest, taxes, depreciation, amortization and stock-based compensation.
Free cash flow is a non-GAAP financial measure that the Company defines as Adjusted EBITDA less purchases of property, plant, and equipment and capitalization of software development costs.
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