Snap Inc
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
SNAP$5.05+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except par value)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $1,060,393 | $1,780,400 |
| Marketable securities | 1,850,622 | 1,763,680 |
| Accounts receivable, net of allowance | 1,108,357 | 1,278,176 |
| Prepaid expenses and other current assets | 167,385 | 153,587 |
| Total current assets | 4,186,757 | 4,975,843 |
| Property and equipment, net | 426,363 | 410,326 |
| Operating lease right-of-use assets | 511,117 | 516,862 |
| Intangible assets, net | 127,658 | 146,303 |
| Goodwill | 1,691,524 | 1,691,827 |
| Other assets | 223,982 | 226,597 |
| Total assets | $7,167,401 | $7,967,758 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $246,217 | $278,961 |
| Operating lease liabilities | 36,649 | 49,321 |
| Accrued expenses and other current liabilities | 829,579 | 805,836 |
| Total current liabilities | 1,112,445 | 1,134,118 |
| Convertible senior notes, net | 3,301,466 | 3,749,400 |
| Operating lease liabilities, noncurrent | 553,741 | 546,279 |
| Other liabilities | 68,401 | 123,849 |
| Total liabilities | 5,036,053 | 5,553,646 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity | ||
| Class A non-voting common stock, $0.00001 par value. 3,000,000 shares authorized, 1,437,758 shares issued, 1,388,965 shares outstanding at March 31, 2024, and 3,000,000 shares authorized, 1,440,541 shares issued, 1,391,341 shares outstanding at December 31, 2023. | 14 | 14 |
| Class B voting common stock, $0.00001 par value. 700,000 shares authorized, 22,528 shares issued and outstanding at March 31, 2024 and December 31, 2023. | — | — |
| Class C voting common stock, $0.00001 par value. 260,888 shares authorized, 231,627 shares issued and outstanding at March 31, 2024 and December 31, 2023. | 2 | 2 |
| Treasury stock, at cost. 48,793 and 49,200 shares of Class A non-voting common stock at March 31, 2024 and December 31, 2023, respectively. | (475,939) | (479,903) |
| Additional paid-in capital | 14,873,261 | 14,613,404 |
| Accumulated deficit | (12,266,740) | (11,726,536) |
| Accumulated other comprehensive income (loss) | 750 | 7,131 |
| Total stockholders’ equity | 2,131,348 | 2,414,112 |
| Total liabilities and stockholders’ equity | $7,167,401 | $7,967,758 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.