Snap Inc Results Presentation Deck
Capex
Operating Cash Flow and Free Cash Flow¹
(in millions, unaudited)
OPERATING CASH FLOW
$(690)
2018
$(120)
$(305)
2019
$(36)
$(168)
2020
$(58)
$293
2021
$(70)
$185
2022
$(129)
FREE CASH FLOW¹
$(810)
2018
$(341)
2019
$(225)
2020
$223
SECOND CONSECUTIVE FULL YEAR OF POSITIVE FREE CASH FLOW
FULL YEAR 2022 FREE CASH FLOW OF $55 MILLION
2021
$55
2022
'Free Cash Flow is a non-GAAP measure, which we define as net cash provided by (used in) operating activities, reduced by purchases of property and equipment. See Appendix for reconciliation of net cash provided by (used in) operating activities to Free Cash Flow. Operating Cash Flow and Free Cash Flow in
2022 include $86 million cash paid for restructuring activities. Operating Cash Flow and Free Cash Flow in 2020 include a $98 million payment for a non-recurring legal settlement related to a securities class action, accrued in 2019.
Numbers throughout presentation may not foot due to rounding.
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