Company name:

Snap Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    March 02, 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

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
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
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
45,679
 824,949 1,180,446 1,715,534 2,506,626 2,506,626 3,645,288
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
134.4%
47.2% —

Cost of revenue

43.9% —

Research and development

22.2% —

Sales and marketing

21.1% —

General and administrative
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue
45,679
45,679
 717,462 798,865 895,838 1,182,505 1,182,505 1,542,184
Sales and marketing
45,679
45,679
 522,605 400,824 458,598 555,468 555,468 630,536
Research and development
45,679
45,679
 1,534,863 772,185 883,509 1,101,561 1,101,561 1,273,784
General and administrative
45,679
45,679
 1,535,595 477,022 580,917 529,164 529,164 587,728
Total expenses
45,679
45,679
 4,310,525 2,448,896 2,818,862 3,368,698 3,368,698 4,034,232
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
34.4%
34.4% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
 ($3,485,576) ($1,268,450) ($1,103,328) ($862,072) ($862,072) ($388,944)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.6%
0.6% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
45,679
 4,528 (8,248) 59,013 14,988 14,988 117,884
Total non-operating income (expense)
45,679
45,679
 4,528 (8,248) 59,013 14,988 14,988 117,884
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
33.8%
33.8% —

EBIT

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
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
 ($3,481,048) ($1,276,698) ($1,044,315) ($847,084) ($847,084) ($271,060)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
3.9%
0.7% —

Interest income

0.7% —

Income tax expense or benefit

3.9% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
 (3,456) (3,894) (24,994) (97,228) (97,228) (116,704)
Interest income
45,679
45,679
 21,096 27,228 36,042 18,127 18,127 7,876
Income before income taxes
45,679
45,679
 (3,463,408) (1,253,364) (1,033,267) (926,185) (926,185) (379,888)
Income tax expense or benefit
45,679
45,679
 18,342 (2,547) (393) (18,654) (18,654) (72,508)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
37.7%
37.7% —

Net income (loss)

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
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
 ($3,445,066) ($1,255,911) ($1,033,660) ($944,839) ($944,839) ($452,396)

Basic Shares Outstanding
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
Class A
-
-
 887,610,964 1,044,828,343 1,164,739,858 1,252,985,748 1,252,985,748 1,252,985,748
Class B
-
-
 122,808,708 51,596,090 24,303,857 23,691,358 23,691,358 23,691,358
Class C
-
-
 216,615,870 224,611,365 231,147,476 231,626,943 231,626,943 231,626,943
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share - Class A
$45,678,795.00
$45,678,795.00
 ($2.95) ($0.97) ($0.75) ($0.65) ($0.65) ($0.28)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
 ($2.95) ($0.97) ($0.75) ($0.65) ($0.65) ($0.28)