Company name:

Snap Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    02 March 2017
  • TICKER:
    SNAP
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    2772 Donald Douglas Loop North Santa Monica California 90405
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Snap Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
10.9% 39.6% 14.8%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
66.4%
39.6% —

Short-term passive investments

14.8% —

Accounts Receivable

10.9% —

Cash and cash equivalents

1.1% —

Prepaid expenses and other current assets

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
 $334,063 $387,149 $520,317 $545,618
Short-term passive investments
$45,679
 1,708,976 891,914 1,592,488 1,991,922
Accounts Receivable
$45,679
 279,473 354,965 492,194 744,288
Prepaid expenses and other current assets
$45,679
 44,282 41,900 38,987 56,147
Total current assets
$45,679
 $2,366,794 $1,675,928 $2,643,986 $3,337,975
3.6% 5.4% 3.8% 18.7%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
33.6%
18.7% —

Goodwill

5.4% —

Operating lease - right-of-use assets

3.8% —

Other assets non-current

3.6% —

Property and equipment net

2.1% —

Intangible assets
Selected Year:
Property and equipment net
45,679
 166,762 212,560 173,667 178,709
Operating lease - right-of-use assets
-
 - - 275,447 269,728
Intangible assets
45,679
 166,473 126,054 92,121 105,929
Goodwill
45,679
 639,882 632,370 761,153 939,259
Other assets non-current
-
 - - 65,550 192,638
Other non-current assets
45,679
 81,655 67,194 65,550 -
Total non-current assets
45,679
 1,054,772 1,038,178 1,367,938 1,686,263
Total assets
45,679
 $3,421,566 $2,714,106 $4,011,924 $5,024,238
11.0% 33.3% 5.7% 203.0%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
13.3%
11.0% —

Accrued expenses and other current liabilities

1.4% —

Accounts payable

0.8% —

Current portion of Operating leases
Selected Year:
Accounts payable
$45,679
 $71,194 $30,876 $46,886 $71,908
Accrued expenses and other current liabilities
$45,679
 275,062 261,815 410,610 554,342
Current portion of Operating leases
-
 - - 42,179 41,077
Total current liabilities
$45,679
 $346,256 $292,691 $499,675 $667,327
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
40.3%
33.3% —

Senior convertible notes

5.7% —

Operating leases

1.3% —

Other non-current liabilities
Selected Year:
Senior convertible notes
-
 - - 891,776 1,675,169
Operating leases
-
 - - 303,178 287,292
Other non-current liabilities
$45,679
 82,983 110,416 57,382 64,474
Total long-term liabilities
$45,679
 $82,983 $110,416 $1,252,336 $2,026,935
Total Liabilities
$45,679
 $429,239 $403,107 $1,752,011 $2,694,262
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
46.4%
203.0% —

Additional paid-in capital

0.4% —

Accumulated other comprehensive (loss) income

0.0% —

Non-voting common stock Class A

0.0% —

Voting common stock Class C
Selected Year:
Voting convertible preferred stock Series FP
$45,679
 - - - -
Convertible voting preferred stock Series A and B
$45,679
 - - - -
Convertible non-voting preferred stock Series C
$45,679
 - - - -
Convertible non-voting preferred stock Series D E and F
$45,679
 - - - -
Non-voting common stock Class A
$45,679
 9 10 12 12
Voting common stock Class B
$45,679
 1 1 - -
Voting common stock Class C
$45,679
 2 2 2 2
Accumulated deficit
$45,679
 (4,656,667) (5,912,578) (6,945,930) (7,891,542)
Additional paid-in capital
$45,679
 7,634,825 8,220,417 9,205,256 10,200,141
Accumulated other comprehensive income
-
 14,157 3,147 573 -
Accumulated other comprehensive (loss) income
$45,679
 - - 573 21,363
Total Equity
$45,679
 $2,992,327 $2,310,999 $2,259,913 $2,329,976
Total Liabilities and Equity
$45,679
 $3,421,566 $2,714,106 $4,011,924 $5,024,238