Snap Inc Results Presentation Deck
Non-GAAP Financial Measures Reconciliation (Continued)
(in thousands, except per share amounts, unaudited)
Non-GAAP Net Loss Reconciliation
Net loss
Amortization of intangible assets
Stock-based compensation expense
Payroll tax expense related to stock-based compensation
Spectacles inventory-related charges
Reduction in force charges
Lease exit charges
Income tax adjustments
Non-GAAP net loss¹
Weighted-average common shares - Diluted
Non-GAAP diluted net loss per share reconciliation
GAAP diluted net loss per share
Non-GAAP adjustment to net loss
1
Non-GAAP diluted net loss per share
$
$
$
$
Three Months Ended
June 30, 2017 September 30, 2017 December 31, 2017 March 31, 2018
(443,093) $
5,767
245,028
(2,585)
(623)
(195,506) $
1,223,443
June 30, 2017
(443,159) $
9,743
221,702
3,890
39,867
(0.36) $
0.20
(0.16) $
(123)
(168,080) $
1,232,993
(349,977) $
10,607
181,044
2,212
(0.36) $
0.22
(0.14) $
60
(156,054) $
1,247,017
(385,785) $
10,824
133,258
9,968
(0.28) $
0.15
(0.13) $
9,884
Three Months Ended
September 30, 2017 December 31, 2017 March 31, 2018
220
(221,631) $
1,270,998
(0.30) $
0.13
(0.17) $
June 30, 2018
(353,310) $
10,754
156,371
5,997
September 30, 2018
3,928
(339)
(176,599) $
1,294,846
June 30, 2018
(325,148)
10,610
126,809
3,947
(0.27) $
0.13
(0.14) $
29,340
(253)
(154,695)
1,309,918
September 30, 2018
(0.25)
0.13
(0.12)
¹ We define Non-GAAP Net Loss as net income (loss); excluding amortization of intangible assets; stock-based compensation expense and related payroll tax expense; certain other non-cash or non-recurring items impacting net income (loss) from time to time; and related income tax adjustments. Non-recurring items
include spectacles inventory-related charges, reduction in force charges, and lease exit charges as described in the preceding slide. Non-GAAP Net Loss and weighted average diluted shares are then used to calculate Non-GAAP diluted net loss per share.
2View entire presentation