Snap Inc Results Presentation Deck slide image

Snap Inc Results Presentation Deck

Diluted Net Income (Loss) Per Share & Common Shares Outstanding Plus Shares Underlying Stock-Based Awards (in millions, except per share data, unaudited) Total Non-GAAP Exclusions Non-GAAP diluted net income (loss) per share² DILUTED NET INCOME (LOSS) PER SHARE¹ $(0.05) Q3'21 $0.22 $0.01 $0.17 Q4'21 $0.21 $(0.22) $0.22 Q1'22 $0.20 $(0.26) Q2'22 $(0.02 $0.24 $(0.22) Q3'22 $0.30 $(0.18) $0.08 Q4'22 $0.32 Shares repurchased $0.14 YOY Change excluding exchange shares COMMON SHARES OUTSTANDING PLUS SHARES UNDERLYING STOCK-BASED AWARDS 1,698 93 1,605 Q3'21 Common Shares Outstanding Shares Underlying Stock-Based Awards³ 1.3% 1,702 83 1,619 Q4'21 1,708 75 1.2% 1,633 Q1'22 1,737 92 1.3% 1,645 Q2'22 $(0.02) 'Diluted net income (loss) per share is calculated using weighted average shares outstanding during the period. Diluted net income per share in Q4 2021 includes 64 million shares in excess of weighted average shares outstanding during the period primarily related to unvested or unexercised stock-based awards. 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. In Q3 2022 and Q4 2022, non-recurring items included restructuring charges of $155 million and $34 million, respectively. See Appendix for reconciliation of diluted net income (loss) per share to non-GAAP diluted net income (loss) per share. 1,701 95 2.5% 1,606 Q3'22 51.3 1,706 132 0.2% 1,574 Q4'22 53.9 0.2% ³Shares underlying stock-based awards include restricted stock units, restricted stock awards, and outstanding stock options. "YoY change in all periods exclude approximately 52 million shares issued as part of the induced conversions of convertible notes. Numbers throughout presentation may not foot due to rounding. REPURCHASED $1 BILLION OF SHARES IN 2022, REDUCING CLASS A SHARES OUTSTANDING AT YEAR END BY OVER 6% 12
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