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 and other 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
$
$
$
$
December 31, 2020
(113,099) $
9.727
219,882
20,152
(511)
136,151 $
1,484,277
December 31, 2020
(0.08) $
0.17
0.09 $
March 31, 2021
(286,882) $
10,445
237,073
41.326
589
2,551
1,501,636
March 31, 2021
$
(0.19) $
0.19
0.00 $
Three Months Ended
June 30, 2021
(151,664) $
14.363
256,600
25,045
(199)
144,145 $
1,547,234
Three Months Ended
June 30, 2021
September 30, 2021
(0.10) $
0.20
0.10 $
(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 $
March 31, 2022
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.
(359,624)
22,505
275,444
22,451
(61)
(39,285)
March 31, 2022
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.
1,619,113
(0.22)
0.20
(0.02)
2View entire presentation