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
$
$
$
$
March 31,
2016
(104,576)
(359)
993
121
5,049
5,538
(93,234)
March 31,
2016
$
(12,452)
(104,993)
$
(92,541) $
June 30,
2016
(115,894) $
(871)
939
(33)
5,996
4,742
(105,121)
Three Months Ended
September 30,
2016
June 30,
2016
(124,228)
(1,938)
648
1,421
(6,871)
7,437
14,795
132
$ (108,604)
Three Months Ended
September 30,
2016
$
(134,110)
(17,192)
(16,421)
$ (150,531) $ (234,058)
(216,866)
December 31,
2016
$
(169,945)
$
(1,486)
776
1,215
(297)
10,633
6,767
53
$ (152,284)
December 31,
2016
(167,728)
(20,376)
$ (188,104)
¹We 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.
$ (2,208,837)
$
March 31,
2017
$
(2,424)
695
(187)
(3,014)
12,450
1,992,121
20,953
(188,243)
March 31,
2017
(154,997)
(17,993)
$ (172,990)
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