Snap Inc Results Presentation Deck
Non-GAAP Financial Measures Reconciliation - Quarterly
(in thousands, unaudited)
Free Cash Flow Reconciliation
Net cash used in operating activities
Less:
Purchases of property and equipment
Free Cash Flow¹
Adjusted EBITDA Reconciliation
Net income (loss)
Add (deduct):
Interest income
Interest expense
Other (income) expense, net
Income tax (benefit) expense
Depreciation and amortization
Stock-based compensation expense
Payroll tax expense related to stock-based compensation
Adjusted EBITDA²
September 30, 2020
$
$
$
(54,828) $
September 30, 2020
$
(14,727)
(69,555) $
December 31, 2020
(199,853) S
(2,801)
28,212
5,669
909
21,804
192,080
10,341
56,361 $
(52,545) S
(16,447)
(68,992) $
December 31, 2020
(113,099) S
(1,969)
29,176
(29,471)
18,127
22,811
219,882
20,152
165,609 $
Three Months Ended
March 31, 2021
136,886 $
(10,851)
126,035 $
Three Months Ended
March 31, 2021
(286,882) S
(1,137)
5,031
(22,058)
1,440
23,498
237,073
41,326
June 30, 2021
(1,709) $
(101,086) S
(14,623)
(115,709) $
June 30, 2021
(151,664) $
(1,251)
4,564
(42,282)
(1,879)
28,270
256,600
25,045
117,403 $
September 30, 2021
71,552
(19,836)
51,716 $
September 30, 2021
$
(71,959) $
(1,257)
4,031
(112,631)
992
32,510
300,898
21,615
174,199
$
December 31, 2021
185,528
(24,565)
160,963
December 31, 2021
22,550
(1,554)
4,050
(63,204)
13,031
34,863
297,564
19,493
326,793
¹ We define Free Cash Flow as net cash provided by (used in) operating activities, reduced by purchases of property and equipment.
2We define Adjusted EBITDA as net income (loss), excluding interest income; interest expense; other income (expense), net; income tax benefit (expense); depreciation and amortization; stock-based compensation expense and other payroll related tax expense; and certain other
non-cash or non-recurring items impacting net income (loss) from time to time.
Numbers throughout presentation may not foot due to rounding.
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