Snap Inc. (SNAP) Financial Statements (2024 and earlier)

Company Profile

Business Address 3000 31ST STREET
SANTA MONICA, CA 90405
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,030,6243,692,8852,537,5402,112,8051,279,0632,043,039
Cash and cash equivalents1,423,1211,993,809545,618520,317387,149334,063
Short-term investments2,607,5031,699,0761,991,9221,592,488891,9141,708,976
Receivables1,183,0921,068,873744,288492,194354,965279,473
Other undisclosed current assets42,93192,24456,14738,98741,90044,282
Total current assets:5,256,6474,854,0023,337,9752,643,9861,675,9282,366,794
Noncurrent Assets
Operating lease, right-of-use asset370,952322,252269,728275,447
Property, plant and equipment271,777202,644178,709173,667212,560166,762
Intangible assets, net (including goodwill)1,850,6001,866,1061,045,188853,274758,424806,355
Goodwill1,646,1201,588,452939,259761,153632,370639,882
Intangible assets, net (excluding goodwill)204,480277,654105,92992,121126,054166,473
Other noncurrent assets279,562291,302192,63865,55067,19481,655
Total noncurrent assets:2,772,8912,682,3041,686,2631,367,9381,038,1781,054,772
TOTAL ASSETS:8,029,5387,536,3065,024,2384,011,9242,714,1063,421,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,169,114799,390626,250457,496292,691346,256
Accounts payable181,774125,28271,90846,88630,87671,194
Accrued liabilities987,340674,108554,342410,610261,815275,062
Debt    42,179  
Other undisclosed current liabilities46,48552,39641,077   
Total current liabilities:1,215,599851,786667,327499,675292,691346,256
Noncurrent Liabilities
Long-term debt and lease obligation3,742,5202,578,5961,962,4611,194,954  
Long-term debt, excluding current maturities3,742,5202,253,0871,675,169891,776  
Liabilities, other than long-term debt490,721315,75664,47457,382110,41682,983
Other liabilities104,450315,75664,47457,382110,41682,983
Operating lease, liability386,271325,509287,292303,178
Total noncurrent liabilities:4,233,2412,894,3522,026,9351,252,336110,41682,983
Total liabilities:5,448,8403,746,1382,694,2621,752,011403,107429,239
Equity
Equity, attributable to parent, including:2,580,6983,790,1682,329,9762,259,9132,310,9992,992,327
Treasury stock, value (500,514)     
Additional paid in capital13,309,82812,069,09710,200,1419,205,2568,220,4177,634,825
Accumulated other comprehensive income (loss)(13,974)5,52121,3635733,14714,157
Accumulated deficit(10,214,657)(8,284,466)(7,891,542)(6,945,930)(5,912,578)(4,656,667)
Other undisclosed equity, attributable to parent151614141312
Total equity:2,580,6983,790,1682,329,9762,259,9132,310,9992,992,327
TOTAL LIABILITIES AND EQUITY:8,029,5387,536,3065,024,2384,011,9242,714,1063,421,566

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,601,8474,117,0482,506,6261,715,5341,180,446824,949
Cost of revenue(1,815,342)(1,750,246)(1,182,505)(895,838)(798,865)(717,462)
Cost of goods and services sold (681,900)(679,000)(324,300)(174,700)(120,300)(96,300)
Gross profit:2,786,5052,366,8021,324,121819,696381,581107,487
Operating expenses(4,181,811)(3,068,871)(2,186,193)(1,923,024)(1,650,031)(3,593,063)
Operating loss:(1,395,306)(702,069)(862,072)(1,103,328)(1,268,450)(3,485,576)
Nonoperating income16,068245,37433,11595,05518,98025,624
Investment income, nonoperating58,5975,19918,12736,04227,22821,096
Other nonoperating income (expense)(42,529)240,17514,98859,013(8,248)4,528
Interest and debt expense(21,459)(17,676)(97,228)(24,994)(3,894)(3,456)
Loss from continuing operations before income taxes:(1,400,697)(474,371)(926,185)(1,033,267)(1,253,364)(3,463,408)
Income tax expense (benefit)(28,956)(13,584)(18,654)(393)(2,547)18,342
Loss from continuing operations:(1,429,653)(487,955)(944,839)(1,033,660)(1,255,911)(3,445,066)
Loss before gain (loss) on sale of properties:(487,955)(944,839)(1,033,660)(1,255,911)(3,445,066)
Net loss available to common stockholders, diluted:(1,429,653)(487,955)(944,839)(1,033,660)(1,255,911)(3,445,066)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(1,429,653)(487,955)(944,839)(1,033,660)(1,255,911)(3,445,066)
Comprehensive loss:(1,429,653)(487,955)(944,839)(1,033,660)(1,255,911)(3,445,066)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(19,495)(15,842)20,790(2,574)(11,010)16,214
Comprehensive loss, net of tax, attributable to parent:(1,449,148)(503,797)(924,049)(1,036,234)(1,266,921)(3,428,852)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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