Twitter Inc Income Statement - Real Clear Investing - You World of Transparent Investing

Selected Quarter:

30-Sep
2021

Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Total Revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	1,007,341	807,637	683,438	936,233	1,289,041	1,036,018	1,190,427	1,283,817	4,799,303	5,135,268

Selected Quarter:

30-Sep
2021

Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells

157.8%

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Cost of revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	314,008	284,037	288,039	361,388	432,924	381,008	416,932	484,479	1,715,343	1,937,916
Sales and marketing	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	241,561	221,287	207,286	215,285	244,002	234,592	301,902	301,078	1,081,574	1,204,312
Research and development	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	198,240	200,388	215,806	208,877	247,940	250,709	299,859	324,252	1,122,760	1,297,008
General and administrative	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	100,648	109,368	246,237	94,576	112,251	117,527	141,482	150,855	522,115	603,420
Litigation settlement	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	765,701	765,701	3,062,804
Total expenses	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	$854,457	$815,080	$957,368	$880,126	$1,037,117	$983,836	$1,160,175	$2,026,365	$5,207,493	$8,105,460

Selected Quarter:

30-Sep
2021

Income after excluding Operating Expenses from Total Revenue

57.8%

Key metric that shows earnings potential of the company's business model

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Operating income	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$152,884	($7,443)	($273,930)	$56,107	$251,924	$52,182	$30,252	($742,548)	($408,190)	($2,970,192)

Selected Quarter:

30-Sep
2021

Cost usually unrelated to delivering service or manufacturing a product that business sells

1.6%

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter:	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Other expense or income	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	-	-	45,679	-	45,679	45,679	45,679	-	45,679	45,679	(2,340)	(7,719)	(361)	(3,977)	(840)	6	55,739	20,625	75,530	82,500
Other expense net	-	-	-	-	-	-	-	-	45,679	45,679	45,679	-	45,679	-	-	-	45,679	-	-	-	(7,719)	-	-	-	-	-	-	-	-
Total non-operating income (expense)	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(2,340)	(7,719)	(361)	(3,977)	(840)	6	55,739	20,625	75,530	82,500

Selected Quarter:

30-Sep
2021

Income after excluding Operating and Non-operating Expenses from Total Revenue

56.2%

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
EBIT	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$150,544	($15,162)	($274,291)	$52,130	$251,084	$52,188	$85,991	($721,923)	($332,660)	($2,887,692)

Selected Quarter:

30-Sep
2021

Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure

14.4%

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Interest expense	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	(26,377)	(33,270)	(39,828)	(39,614)	(40,166)	(13,185)	(13,893)	(13,284)	(80,528)	(53,136)
Interest income	-	-	-	-	-	-	-	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	33,927	32,897	25,013	17,167	13,101	11,001	9,202	8,125	41,429	32,500
Income before income taxes	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	158,094	(15,535)	(289,106)	29,683	224,019	50,004	81,300	(727,082)	(371,759)	(2,908,328)
Income tax expense or benefit	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	39,321	(7,139)	1,088,899	1,024	1,903	(18,001)	15,651	(190,325)	(190,772)	(761,300)

Selected Quarter:

30-Sep
2021

Ultimate measure of Income - Net result after excluding all expenses from Total Revenue

41.8%

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$118,773	($8,396)	($1,378,005)	$28,659	$222,116	$68,005	$65,649	($536,757)	($180,987)	($2,147,028)

Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective

	2015 31-Mar	2015 30-Jun	2015 26-Oct	2016 17-Feb	2016 26-Apr	2016 26-Jul	2016 27-Oct	2017 17-Feb	2017 26-Apr	2017 27-Jul	2017 26-Oct	2018 08-Feb	2018 25-Apr	2018 27-Jul	2018 25-Oct	2019 07-Feb	2019 23-Apr	2019 26-Jul	2019 24-Oct	2020 06-Feb	2020 30-Apr	2020 23-Jul	2020 29-Oct	2021 09-Feb	2021 23-Apr	2021 23-Jul	2021 22-Oct	2021 22-Oct	2021 22-Oct
Common	-	-	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	782,287,089	784,629,121	790,948,953	795,349,591	798,152,488	798,126,631	797,966,577	799,609,869	799,609,869	799,609,869

Selected Quarter:

30-Sep
2021

Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	2020 31-Dec	2021 31-Mar	2021 30-Jun	Selected Quarter: 2021 30-Sep	Last Twelve Months LTM 2021 30-Sep	Last Quarter Annualized LQA 2021 30-Sep
Net Income per basic share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$0.15	($0.01)	($1.75)	$0.04	$0.29	$0.09	$0.08	($0.67)	($0.21)	($2.68)
Net Income per diluted share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$0.15	($0.01)	($1.75)	$0.04	$0.29	$0.08	$0.08	($0.67)	($0.22)	($2.68)

Twitter Inc

Short Description

Income Statement

Litigation settlement

Cost of revenue

Research and development

Sales and marketing

General and administrative

Operating Income

Other expense or income

EBIT

Income tax expense or benefit

Interest income

Interest expense

Net income (loss)