Snap Inc Results Presentation Deck
Non-GAAP Financial Measures Reconciliation
(in thousands, unaudited)
Adjusted EBITDA reconciliation:
Net loss
Add (deduct):
Interest income
Interest expense
Other (income) expense, net
Income tax (benefit) expense
Depreciation and amortization
Stock-based compensation expense
Payroll tax expense related to stock-based compensation
Adjusted EBITDA¹
Free Cash Flow reconciliation:
Net cash used in operating activities
Less:
Purchases of property and equipment
Free Cash Flow²
$
$
$
$
June 30,
2016
(115,894) $
(871)
939
(33)
5,996
4,742
(105,121)
September 30,
2016
June 30,
2016
(124,228)
(1,938)
648
1,421
(6,871)
7,437
14,795
132
$ (108,604)
September 30,
2016
(134,110) $
(216,866)
Three Months Ended
December 31,
2016
$ (169,945)
(1,486)
776
1,215
(297)
10,633
6,767
53
$ (152,284)
Three Months Ended
December 31,
2016
$
(167,728)
$
$
$
March 31,
2017
(2,208,837) $
(2,424)
695
(187)
(3,014)
12,450
1,992,121
20,953
(188,243)
March 31,
2017
(154,997)
(17,192)
(20,376)
(17,993)
(16,421)
(150,531) $ (234,058) $ (188,104) $ (172,990)
'We define Adjusted EBITDA as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; and stock-based compensation
expense and related payroll tax expense.
2We define Free Cash Flow as net cash used in operating activities, reduced by purchases of property and equipment.
June 30,
2017
$
(443,093)
(6,349)
998
(786)
212
12,585
245,028
(2,585)
$ (193,990)
June 30,
2017
(209,574)
(19,365)
$ (228,939)
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