Snap Historical Income Statement
| SNAP Stock | USD 11.81 0.20 1.72% |
Historical analysis of Snap income statement accounts such as Selling General Administrative of 728.2 M, Selling And Marketing Expenses of 626.1 M, Total Revenue of 2.4 B or Gross Profit of 2.6 B can show how well Snap Inc performed in making a profits. Evaluating Snap income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Snap's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Snap Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Snap Inc is a good buy for the upcoming year.
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About Snap Income Statement Analysis
Snap Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Snap shareholders. The income statement also shows Snap investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Snap Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Snap Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Snap Inc. It is also known as Snap overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Snap Inc income statement and represents the costs associated with goods and services Snap provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Snap's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Snap Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snap Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Snap's Tax Provision is relatively stable compared to the past year. As of 11/30/2024, Interest Income is likely to grow to about 176.8 M, while Selling And Marketing Expenses is likely to drop slightly above 626.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 119.1M | 202.2M | 168.4M | 116.9M | Interest Income | 5.2M | 58.6M | 168.4M | 176.8M |
Snap income statement Correlations
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Snap Account Relationship Matchups
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Snap income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 393K | 18.7M | 13.6M | 29.0M | 28.1M | 29.5M | |
| Interest Income | 36.0M | 18.1M | 5.2M | 58.6M | 168.4M | 176.8M | |
| Depreciation And Amortization | 182.3M | 86.7M | 119.1M | 202.2M | 168.4M | 116.9M | |
| Interest Expense | 25.0M | 97.2M | 17.7M | 21.5M | 22.0M | 23.5M | |
| Selling General Administrative | 580.9M | 529.2M | 710.6M | 953.3M | 857.4M | 728.2M | |
| Selling And Marketing Expenses | 458.6M | 555.5M | 792.8M | 1.1B | 1.1B | 626.1M | |
| Total Revenue | 1.7B | 2.5B | 4.1B | 4.6B | 4.6B | 2.4B | |
| Gross Profit | 819.7M | 1.3B | 2.4B | 2.8B | 2.5B | 2.6B | |
| Other Operating Expenses | 2.8B | 3.4B | 4.8B | 6.0B | 6.0B | 3.8B | |
| Operating Income | (1.1B) | (862.1M) | (702.1M) | (1.4B) | (1.4B) | (1.5B) | |
| Net Income From Continuing Ops | (1.0B) | (944.8M) | (488.0M) | (1.4B) | (1.3B) | (1.4B) | |
| Ebit | (1.1B) | (829.0M) | (456.7M) | (1.4B) | (1.3B) | (1.3B) | |
| Research Development | 883.5M | 1.1B | 1.6B | 2.1B | 1.9B | 1.2B | |
| Ebitda | (921.0M) | (742.2M) | (337.6M) | (1.2B) | (1.1B) | (1.2B) | |
| Cost Of Revenue | 895.8M | 1.2B | 1.8B | 1.8B | 2.1B | 1.2B | |
| Total Operating Expenses | 1.9B | 2.2B | 3.1B | 4.2B | 3.9B | 2.6B | |
| Income Before Tax | (1.0B) | (926.2M) | (474.4M) | (1.4B) | (1.3B) | (1.4B) | |
| Total Other Income Expense Net | 70.1M | (64.1M) | 227.7M | (5.4M) | 104.0M | 109.2M | |
| Net Income Applicable To Common Shares | (1.0B) | (944.8M) | (488.0M) | (1.4B) | (1.6B) | (1.7B) | |
| Net Income | (1.0B) | (944.8M) | (488.0M) | (1.4B) | (1.3B) | (1.4B) | |
| Income Tax Expense | 393K | 18.7M | 13.6M | 29.0M | 28.1M | 29.5M | |
| Net Interest Income | 11.0M | (79.1M) | (12.5M) | 37.1M | 146.4M | 153.7M | |
| Reconciled Depreciation | 87.2M | 86.7M | 119.1M | 202.2M | 168.4M | 128.3M | |
| Non Operating Income Net Other | 95.1M | 33.1M | 245.4M | 16.1M | 18.5M | 17.6M |
Pair Trading with Snap
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Snap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Snap will appreciate offsetting losses from the drop in the long position's value.Moving against Snap Stock
The ability to find closely correlated positions to Snap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Snap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Snap Inc to buy it.
The correlation of Snap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Snap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Snap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Snap Stock Analysis
When running Snap's price analysis, check to measure Snap's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Snap is operating at the current time. Most of Snap's value examination focuses on studying past and present price action to predict the probability of Snap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap's price. Additionally, you may evaluate how the addition of Snap to your portfolios can decrease your overall portfolio volatility.