TWTR · Twitter, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $5.08B | $3.72B | $3.46B | $3.04B | $2.44B | $2.53B |
| Cost of Revenue | $1.80B | $1.37B | $1.14B | $965.00M | $861.24M | $932.24M |
| Gross Profit | $3.28B | $2.35B | $2.32B | $2.08B | $1.58B | $1.60B |
| R&D | $1.25B | $873.01M | $682.28M | $553.86M | $542.01M | $713.48M |
| SG&A | $584.34M | $562.43M | $359.82M | $298.82M | $283.89M | $293.28M |
| Total Operating Expenses | $5.57B | $3.69B | $3.09B | $2.59B | $2.40B | $2.90B |
| D&A | $503.60M | $471.60M | $349.30M | $425.50M | $395.87M | $402.17M |
| Operating Income | ($492.74M) | $26.66M | $366.37M | $453.32M | $38.74M | ($367.21M) |
| Interest Expense | $51.19M | $152.88M | $138.18M | $132.61M | $105.24M | $99.97M |
| Income Tax | ($189.70M) | $1.08B | ($1.08B) | ($782.05M) | $12.64M | $16.04M |
| Net Income | ($221.41M) | ($1.14B) | $1.47B | $1.21B | ($108.06M) | ($456.87M) |
| EPS - Basic | ($0.28) | ($1.44) | $1.90 | $1.60 | ($0.15) | ($0.65) |
| EPS - Diluted | ($0.28) | ($1.44) | $1.87 | $1.56 | ($0.15) | ($0.65) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.19B | $1.99B | $1.80B | $1.89B | $1.64B | $988.60M |
| Accounts Receivable | $1.22B | $1.04B | $850.18M | $788.70M | $664.27M | $650.65M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $203.17M | $194.28M | $161.15M | $145.19M | $170.97M | $122.24M |
| Current Assets | $7.92B | $8.64B | $7.62B | $7.11B | $5.32B | $4.65B |
| Total Assets | $14.06B | $13.38B | $12.70B | $10.16B | $7.41B | $6.87B |
| Current Liabilities | $1.34B | $1.95B | $832.48M | $1.52B | $583.28M | $584.02M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $6.75B | $5.41B | $4.00B | $3.36B | $2.37B | $2.27B |
| Stockholders' Equity | $7.31B | $7.97B | $8.70B | $6.81B | $5.05B | $4.60B |
| Retained Earnings | ($1.00B) | ($1.13B) | $11.59M | ($1.45B) | ($2.67B) | ($2.55B) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $632.69M | $992.87M | $1.30B | $763.05M | $831.21M | $763.05M |
| Investing Cash Flow | $52.62M | ($1.56B) | ($1.12B) | ($593.25M) | ($112.93M) | ($598.01M) |
| Financing Cash Flow | ($472.82M) | $755.31M | ($286.18M) | ($83.97M) | ($78.37M) | ($83.97M) |
| CapEx | $1.01B | $873.35M | $540.69M | $483.93M | $160.74M | $218.66M |
| Free Cash Flow | ($378.86M) | $119.52M | $762.68M | $279.12M | $670.47M | $544.40M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 64.6% | 63.2% | 67.1% | 68.3% | 64.8% | 63.1% |
| Operating margin | -9.7% | 0.7% | 10.6% | 14.9% | 1.6% | -14.5% |
| EBITDA margin | 0.2% | 13.4% | 20.7% | 28.9% | 17.8% | 1.4% |
| Net margin | -4.4% | -30.6% | 42.4% | 39.6% | -4.4% | -18.1% |
| Free cash flow margin | -7.5% | 3.2% | 22.0% | 9.2% | 27.4% | 21.5% |
| FCF / Net income | 1.71 | -0.11 | 0.52 | 0.23 | -6.20 | -1.19 |
| R&D / Revenue | 24.6% | 23.5% | 19.7% | 18.2% | 22.2% | 28.2% |
| SG&A / Revenue | 11.5% | 15.1% | 10.4% | 9.8% | 11.6% | 11.6% |
| Effective tax rate | - | - | -275.7% | -184.6% | - | - |
| Return on assets | -1.6% | -8.5% | 11.5% | 11.9% | -1.5% | -6.6% |
| Return on equity | -3.0% | -14.2% | 16.8% | 17.7% | -2.1% | -9.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 5.89 | 4.42 | 9.15 | 4.69 | 9.12 | 7.97 |
| Quick ratio | 5.89 | 4.42 | 9.15 | 4.69 | 9.12 | 7.97 |
| Cash ratio | 1.63 | 1.02 | 2.16 | 1.25 | 2.81 | 1.69 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -9.6x | 0.2x | 2.7x | 3.4x | 0.4x | -3.7x |
| Equity multiplier | 1.92 | 1.68 | 1.46 | 1.49 | 1.47 | 1.49 |
| Liabilities / Assets | 0.48 | 0.40 | 0.31 | 0.33 | 0.32 | 0.33 |
| Efficiency | ||||||
| Asset turnover | 0.36 | 0.28 | 0.27 | 0.30 | 0.33 | 0.37 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 88d | 102d | 90d | 95d | 99d | 94d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 41d | 52d | 52d | 55d | 72d | 48d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 36.6% | 7.4% | 13.7% | 24.5% | -3.4% | 14.0% |
| Revenue CAGR (3y) | 18.6% | 15.0% | 11.0% | 11.1% | 97.5% | - |
| Revenue CAGR (5y) | 15.0% | 10.9% | 61.3% | - | - | - |
| Gross profit growth (YoY) | 39.6% | 1.2% | 11.8% | 31.3% | -1.0% | 7.3% |
| Operating income growth (YoY) | - | -92.7% | -19.2% | 1070.2% | - | 18.4% |
| Net income growth (YoY) | 80.5% | - | 21.6% | - | 76.3% | 12.3% |
| EPS growth (YoY) | 80.6% | - | 19.9% | - | 76.9% | 17.7% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | -84.3% | 173.2% | -58.4% | 23.2% | 1421.3% |
| FCF CAGR (5y) | - | 27.3% | - | - | - | - |
| Book value growth (YoY) | -8.3% | -8.4% | 27.9% | 34.8% | 9.6% | 5.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$5.08B totalAdvertising Services$4.51B · 88.7%
Data Licensing And Other$571.79M · 11.3%
Geographic
$5.08B totalUS$2.84B · 55.8%
Rest Of World$1.57B · 30.9%
JP$675.02M · 13.3%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
0.98
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing TWITTER against the 5 most active filers in the same SIC group.