Snap Inc Results Presentation Deck
Non-GAAP Financial Measures Reconciliation
(in thousands, unaudited)
Non-GAAP net income (loss) reconciliation
Net income (loss)
Amortization of intangible assets
Stock-based compensation expense
Payroll and other tax expense related to stock-based
compensation
Restructuring charges¹
Income tax adjustments
Non-GAAP net income (loss)²
Weighted-average common shares - Diluted³
Non-GAAP diluted net income (loss) per share reconciliation
GAAP diluted net income (loss) per share
Non-GAAP adjustment to net income (loss)
Non-GAAP diluted net income (loss) per share²
$
$
$
$
March 31, 2022
(359,624)
22,505
275,444
22,451
(61)
(39,285)
1,619,113
March 31, 2022
(0.22)
0.20
(0.02)
$
$
$
$
June 30, 2022
(422,067)
64,134
318,810
10,029
1,632,140
- Quarterly
June 30, 2022
(504)
(29,598) $
September 30, 2022
$
Three Months Ended
December 31, 2022
(0.26)
0.24
(0.02) $
$
(359,502)
18,701
312,690
6,561
154,563
(954)
132,059
1,608,523
September 30, 2022
$
$
(0.22)
0.30
0.08 $
(288,460)
18,073
446,339
Three Months Ended
December 31, 2022
$
5,172
34,386
(988)
214,522
1,573,883
(0.18)
0.32
0.14
$
$
$
$
March 31, 2023
(328,674)
17,755
314,931
15,926
32
19,970
1,581,370
March 31, 2023
$
$
(0.21)
0.22
0.01 $
$
June 30, 2023
(377,308)
18,405
317,943
8,229
(269)
(33,000)
1,603,172
June 30, 2023
(0.24)
0.22
(0.02)
'Restructuring charges were composed primarily of severance and related charges of $91 million and $6 million in Q3 2022 and Q4 2022, respectively, stock-based compensation expense, lease exit and related charges, impairment charges, contract termination charges, and intangible asset amortization. These
charges are non-recurring and not reflective of underlying trends in our business.
2We define Non-GAAP net income (loss) as net income (loss); excluding amortization of intangible assets; stock-based compensation expense; payroll and other tax expense related to stock-based compensation; certain other non-cash or non-recurring items impacting net income (loss) from time to time; and related
income tax adjustments. Non-GAAP net income (loss) and weighted average diluted shares are then used to calculate Non-GAAP diluted net income (loss) per share.
³For all periods, weighted average common shares used in computation of diluted EPS primarily excluded unvested or unexercised stock-based awards, Convertible Notes, and Capped Call shares as they were anti-dilutive.
Numbers throughout presentation may not foot due to rounding.
2View entire presentation