Snap Inc Results Presentation Deck
Capex
Operating Cash Flow and Free Cash Flow¹
(in millions, unaudited)
OPERATING CASH FLOW
$(53)
Q4'20
$(16)
$137
Q1'21
$(11)
$(101)
Q2'21
$(15)
$72
Q3'21
$(20)
$186
Q4'21
$(25)
$127
Q1'22
$(21)
YOY Change
FREE CASH FLOW
$(69)
Q4'20
9%
$126
Q1'21
2,835%
$(116)
Q2'21
(41)%
¹We define Free Cash Flow 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 Q4'20 includes 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.
$52
THREE CONSECUTIVE QUARTERS OF POSITIVE OPERATING AND FREE CASH FLOW
Q3'21
174%
$161
Q4'21
333%
$106
Q1'22
(16)%
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