Snap Inc Investor Presentation Deck
Snap Inc.
Non-GAAP Financial Measures Reconciliation
(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 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
Securities class actions legal charges
Adjusted EBITDA²
$
$
$
June 30, 2019
(95,789) $
(7,633)
(103,422) S
June 30, 2019
(255,174) $
(7,446)
809
(44,085)
1,078
22,660
195,574
7,871
(78,713) $
September 30, 2019
(76,149) S
(7,938)
(84,087) S
September 30, 2019
(227,375) S
(10,317)
8,654
1,481
(1,296)
20,646
161,228
4,604
Three Months Ended
December 31, 2019
(42,375) S
(66,842) S
(9,093)
(75,935) $
December 31, 2019
Three Months Ended
(240,704) $
(10,463)
14,775
(17,536)
332
March 31, 2020
20,620
166,655
8,628
100,000
42,307 $
6,283 $
(10,891)
(4,608) S
March 31, 2020
(305,936) $
(8,589)
15,113
12,389
659
21,204
172,049
11,874
(81,237) S
June 30, 2020
(66,554) $
(15,767)
(82,321) $
June 30, 2020
(325,951) $
(4,768)
24,727
(3,575)
(1,041)
20,925
186,171
7,942
(95,570) $
September 30, 2020
(54,828)
(14,727)
(69,555)
September 30, 2020
(199,853)
(2,801)
28,212
5,669
909
21,804
192,080
10,341
56,361
¹We define Free Cash Flow as net cash provided by (used in) operating activities, reduced by purchases of property and equipment.
We 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 related payroll tax expense; and certain other non-cash or non-recurring items impacting net
income (loss) from time to time. Securities class actions legal charges related to a preliminary agreement to settle the securities class actions that arose following our IPO. Charges recorded are net of amounts directly covered by insurance. These charges are non-recurring and not reflective of underlying trends in our business.
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