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%
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