Snap Inc Results Presentation Deck
Non-GAAP Financial Measures Reconciliation - Quarterly (Continued)
(in thousands, except per share amounts, unaudited)
Non-GAAP net income (loss) reconciliation
Net income (loss)
Amortization of intangible assets
Stock-based compensation expense
Payroll tax expense related to stock-based compensation
Income tax adjustments
Non-GAAP net income (loss)¹
Weighted-average common shares - Diluted²
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 share¹
September 30, 2020
$
$
$
(199,853) $
8,422
192,080
10,341
388
11,378 $
1,466,420
September 30, 2020
December 31, 2020
(113,099) $
9,727
219,882
20,152
(511)
136,151 $
(0.14) S
0.15
0.01 $
1,484,277
December 31, 2020
(0.08) $
0.17
0.09 $
Three Months Ended
March 31, 2021
(286,882) $
10,445
237,073
41,326
589
2,551
1,501,636
$
March 31, 2021
Three Months Ended
June 30, 2021
(0.19) S
0.19
0.00 $
(151,664) S
14,363
256,600
25,045
(199)
144,145 $
1,547,234
June 30, 2021
(0.10) $
0.20
0.10
$
September 30, 2021
(71,959) $
18,148
300,898
21,615
(208)
268,494 $
1,580,966
September 30, 2021
(0.05) $
0.22
0.17
$
December 31, 2021
22,550
20,228
297,564
19,493
(374)
359,461
1,668,879
December 31, 2021
0.01
0.21
0.22
1 We define Non-GAAP Net income (loss) as net income (loss); excluding amortization of intangible assets; stock-based compensation expense and other payroll related tax expense; certain other non-cash or non-recurring items impacting net income (loss) from time to time;
and related income tax adjustments. Non-GAAP Net Loss and weighted average diluted shares are then used to calculate Non-GAAP diluted net Income (loss) per share.
2Q4 2021 weighted average common shares used in computation of diluted EPS excludes Convertible Notes and Capped Call shares as they are anti-dilutive. Prior to Q4 2021, weighted average 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