$SNAP
Snap Inc

2024 Q3 Form 10-Q Financial Statement

#000156440824000062 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $1.373B
YoY Change 15.48%
Cost Of Revenue $638.9M
YoY Change 14.96%
Gross Profit $733.7M
YoY Change 15.94%
Gross Profit Margin 53.45%
Selling, General & Admin $494.1M
YoY Change -4.67%
% of Gross Profit 67.34%
Research & Development $412.8M
YoY Change -16.53%
% of Gross Profit 56.26%
Depreciation & Amortization $38.85M
YoY Change -5.72%
% of Gross Profit 5.3%
Operating Expenses $906.9M
YoY Change -10.46%
Operating Profit -$173.2M
YoY Change -54.43%
Interest Expense $31.90M
YoY Change 477.78%
% of Operating Profit
Other Income/Expense, Net -$4.355M
YoY Change -78.92%
Pretax Income -$144.9M
YoY Change -60.01%
Income Tax $8.300M
% Of Pretax Income
Net Earnings -$153.2M
YoY Change -58.39%
Net Earnings / Revenue -11.16%
Basic Earnings Per Share -$0.09
Diluted Earnings Per Share -$0.09
COMMON SHARES
Basic Shares Outstanding 1.663B shares
Diluted Shares Outstanding 1.663B shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.192B
YoY Change -11.66%
Cash & Equivalents $965.0M
Short-Term Investments $2.227B
Other Short-Term Assets $200.9M
YoY Change 39.23%
Inventory
Prepaid Expenses
Receivables $1.196B
Other Receivables $0.00
Total Short-Term Assets $4.589B
YoY Change -5.86%
LONG-TERM ASSETS
Property, Plant & Equipment $466.4M
YoY Change 23.61%
Goodwill $1.694B
YoY Change 0.14%
Intangibles
YoY Change
Long-Term Investments $188.6M
YoY Change -15.07%
Other Assets $226.5M
YoY Change -9.86%
Total Long-Term Assets $3.003B
YoY Change 5.41%
TOTAL ASSETS
Total Short-Term Assets $4.589B
Total Long-Term Assets $3.003B
Total Assets $7.591B
YoY Change -1.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $157.5M
YoY Change 22.5%
Accrued Expenses $921.4M
YoY Change 12.51%
Deferred Revenue $122.6M
YoY Change 63.03%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $36.19M
YoY Change
Total Short-Term Liabilities $1.136B
YoY Change 12.56%
LONG-TERM LIABILITIES
Long-Term Debt $3.605B
YoY Change -3.8%
Other Long-Term Liabilities $61.93M
YoY Change -50.9%
Total Long-Term Liabilities $61.93M
YoY Change -50.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.136B
Total Long-Term Liabilities $61.93M
Total Liabilities $5.381B
YoY Change 2.9%
SHAREHOLDERS EQUITY
Retained Earnings -$12.74B
YoY Change 12.89%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.210B
YoY Change
Total Liabilities & Shareholders Equity $7.591B
YoY Change -1.7%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$153.2M
YoY Change -58.39%
Depreciation, Depletion And Amortization $38.85M
YoY Change -5.72%
Cash From Operating Activities $115.9M
YoY Change 806.6%
INVESTING ACTIVITIES
Capital Expenditures $44.04M
YoY Change -40.03%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$222.8M
YoY Change 604.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $10.30M
YoY Change -198.74%
NET CHANGE
Cash From Operating Activities $115.9M
Cash From Investing Activities -$222.8M
Cash From Financing Activities $10.30M
Net Change In Cash -$96.64M
YoY Change 230.23%
FREE CASH FLOW
Cash From Operating Activities $115.9M
Capital Expenditures $44.04M
Free Cash Flow $71.83M
YoY Change -218.43%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Fiscal Period Focus
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dei Amendment Flag
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dei Document Quarterly Report
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dei Document Period End Date
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dei Document Transition Report
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dei Entity Registrant Name
EntityRegistrantName
SNAP INC
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei Entity Interactive Data Current
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dei Entity Filer Category
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dei Entity Shell Company
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CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
146303000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
1693946000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
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226463000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
226597000 usd
CY2024Q3 us-gaap Assets
Assets
7591417000 usd
CY2023Q4 us-gaap Assets
Assets
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CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
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CY2023Q4 us-gaap Accounts Payable Current
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CY2024Q3 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
805836000 usd
dei Entity Address City Or Town
EntityAddressCityOrTown
Santa Monica
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
90405
dei City Area Code
CityAreaCode
(310)
dei Local Phone Number
LocalPhoneNumber
399-3339
dei Security12b Title
Security12bTitle
Class A Common Stock, par value $0.00001 per share
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q3 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-21155000 usd
CY2023Q3 us-gaap Increase Decrease In Accounts Receivable
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CY2024Q3 us-gaap Increase Decrease In Operating Lease Liability
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CY2023Q3 us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2024Q3 snap Payments To Acquire Strategic Investments
PaymentsToAcquireStrategicInvestments
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CY2023Q3 snap Payments To Acquire Strategic Investments
PaymentsToAcquireStrategicInvestments
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snap Payments To Acquire Strategic Investments
PaymentsToAcquireStrategicInvestments
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snap Payments To Acquire Strategic Investments
PaymentsToAcquireStrategicInvestments
7770000 usd
CY2024Q3 snap Proceeds From Sales Of Strategic Investments
ProceedsFromSalesOfStrategicInvestments
557000 usd
CY2023Q3 snap Proceeds From Sales Of Strategic Investments
ProceedsFromSalesOfStrategicInvestments
5151000 usd
snap Proceeds From Sales Of Strategic Investments
ProceedsFromSalesOfStrategicInvestments
1572000 usd
snap Proceeds From Sales Of Strategic Investments
ProceedsFromSalesOfStrategicInvestments
5151000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
740350000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2023Q3 snap Payments For Purchases Of Capped Calls
PaymentsForPurchasesOfCappedCalls
0 usd
snap Payments For Purchases Of Capped Calls
PaymentsForPurchasesOfCappedCalls
68850000 usd
snap Payments For Purchases Of Capped Calls
PaymentsForPurchasesOfCappedCalls
0 usd
CY2024Q3 snap Proceeds From Termination Of Capped Calls
ProceedsFromTerminationOfCappedCalls
0 usd
CY2023Q3 snap Proceeds From Termination Of Capped Calls
ProceedsFromTerminationOfCappedCalls
0 usd
snap Proceeds From Termination Of Capped Calls
ProceedsFromTerminationOfCappedCalls
62683000 usd
snap Proceeds From Termination Of Capped Calls
ProceedsFromTerminationOfCappedCalls
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CY2024Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10304000 usd
CY2023Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
416000 usd
CY2024Q3 us-gaap Repayments Of Convertible Debt
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CY2023Q3 us-gaap Repayments Of Convertible Debt
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us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
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CY2024Q3 us-gaap Proceeds From Payments For Other Financing Activities
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CY2023Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
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CY2024Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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-96635000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1782462000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1423776000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
968393000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1199413000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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968393000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1199413000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 us-gaap Cost Of Revenue
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CY2023Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2024Q3 us-gaap Interest Expense Nonoperating
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CY2023Q3 us-gaap Interest Expense Nonoperating
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us-gaap Interest Expense Nonoperating
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q4 us-gaap Goodwill
Goodwill
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CY2024Q3 us-gaap Accrued Liabilities Current
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CY2024Q3 us-gaap Convertible Debt Current
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CY2023Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
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CY2024Q3 us-gaap Liabilities Current
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CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1134118000 usd
CY2024Q3 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
3605137000 usd
CY2023Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
3749400000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
577912000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
546279000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
123849000 usd
CY2024Q3 us-gaap Liabilities
Liabilities
5381342000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
5553646000 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
15391284000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
14613404000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-12744562000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
28839000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7131000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
2210075000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2414112000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7591417000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7967758000 usd
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1719935000 shares
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
2210075000 usd
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1688933000 shares
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
2493021000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
2210075000 usd
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1688933000 shares
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
2493021000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Management’s estimates are based on historical information available as of the date of the consolidated financial statements and various other assumptions that we believe are reasonable under the circumstances. Actual results could differ from those estimates.</span></div>Key estimates relate primarily to determining the fair value of assets and liabilities assumed in business combinations, evaluation of contingencies, uncertain tax positions, and the fair value of strategic investments. On an ongoing basis, management evaluates our estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities
CY2022Q3 us-gaap Share Price
SharePrice
40
CY2022Q3 snap Common Stock Convertible Threshold Trading Days
CommonStockConvertibleThresholdTradingDays
90 d
CY2022Q3 snap Common Stock Convertible Volume Weighted Average Price Per Share
CommonStockConvertibleVolumeWeightedAveragePricePerShare
8.70
CY2022Q3 snap Common Stock Convertible Threshold Trading Days
CommonStockConvertibleThresholdTradingDays
90 d
CY2022Q3 snap Common Stock Convertible Volume Weighted Average Price Per Share Sp500 Total Return Index
CommonStockConvertibleVolumeWeightedAveragePricePerShareSP500TotalReturnIndex
8862.85
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1372574000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1188551000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3804115000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3244828000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
122600000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
93700000 usd
CY2024Q3 snap Number Of Classes Of Stock
NumberOfClassesOfStock
3 class
CY2024Q3 snap Share Based Compensation Arrangement By Share Based Payment Award Number Of Share Based Employee Compensation Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfShareBasedEmployeeCompensationPlans
3 plan
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
260229000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
357933000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
783292000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
990807000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1691827000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2119000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
1693946000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
361451000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
262531000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
98920000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
369431000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
223128000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
146303000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
55300000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
98920000 usd
CY2024Q2 us-gaap Debt Instrument Repurchase Amount
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CY2024Q3 us-gaap Debt Instrument Face Amount
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CY2024Q3 us-gaap Long Term Debt
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CY2023Q4 us-gaap Debt Instrument Face Amount
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
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CY2023Q4 us-gaap Long Term Debt
LongTermDebt
3749400000 usd
CY2024Q2 snap Proceeds From Termination Of Capped Calls
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CY2024Q3 us-gaap Contractual Obligation
ContractualObligation
5400000000 usd
snap Contractual Obligation Maturity
ContractualObligationMaturity
P3Y
CY2024Q3 us-gaap Operating Lease Cost
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25300000 usd
us-gaap Operating Lease Cost
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75900000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
24800000 usd
us-gaap Operating Lease Cost
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75400000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P9Y6M
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y2M12D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
26867000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2024Q3 snap Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
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CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2024Q3 us-gaap Operating Lease Liability
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CY2024Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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CY2024Q3 us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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CY2023Q3 us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
30200000 usd
CY2024Q3 snap Equity Securities Without Readily Determinable Fair Value Initial Cost
EquitySecuritiesWithoutReadilyDeterminableFairValueInitialCost
106052000 usd
CY2023Q4 snap Equity Securities Without Readily Determinable Fair Value Initial Cost
EquitySecuritiesWithoutReadilyDeterminableFairValueInitialCost
106368000 usd
CY2024Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentCumulativeAmount
146201000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentCumulativeAmount
147317000 usd
CY2024Q3 snap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment And Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAndImpairmentLossCumulativeAmount
63619000 usd
CY2023Q4 snap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment And Impairment Loss Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAndImpairmentLossCumulativeAmount
58357000 usd
CY2024Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
188634000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
195328000 usd
CY2024Q3 us-gaap Realized Investment Gains Losses
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CY2023Q3 us-gaap Realized Investment Gains Losses
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0 usd
us-gaap Realized Investment Gains Losses
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us-gaap Realized Investment Gains Losses
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CY2023Q3 us-gaap Unrealized Gain Loss On Investments
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us-gaap Unrealized Gain Loss On Investments
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334000 usd
us-gaap Unrealized Gain Loss On Investments
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1685000 usd
CY2024Q3 snap Unrealized Gain Loss On Investments Including Impairment
UnrealizedGainLossOnInvestmentsIncludingImpairment
-372000 usd
CY2023Q3 snap Unrealized Gain Loss On Investments Including Impairment
UnrealizedGainLossOnInvestmentsIncludingImpairment
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snap Unrealized Gain Loss On Investments Including Impairment
UnrealizedGainLossOnInvestmentsIncludingImpairment
-7411000 usd
snap Unrealized Gain Loss On Investments Including Impairment
UnrealizedGainLossOnInvestmentsIncludingImpairment
-1704000 usd
CY2024Q3 us-gaap Gain Loss On Investments
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CY2023Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-270000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-7137000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-19000 usd
dei Entity Address Address Line1
EntityAddressAddressLine1
3000 31st Street
dei Trading Symbol
TradingSymbol
SNAP
CY2024Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Repayments Of Convertible Debt
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us-gaap Interest Expense Nonoperating
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16749000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2024Q3 us-gaap Common Stock Shares Outstanding
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1719935000 shares
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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91993000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
1780400000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
1780400000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
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CY2024Q3 us-gaap Available For Sale Securities Debt Securities
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Files In Submission

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0001564408-24-000062-index.html Edgar Link pending
0001564408-24-000062.txt Edgar Link pending
0001564408-24-000062-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
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snap-20240930.htm Edgar Link pending
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snap-20240930_cal.xml Edgar Link unprocessable
snap-20240930_def.xml Edgar Link unprocessable