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 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.04B | - | $1.28B | $1.19B | $1.04B | - | $936.23M | $683.44M | $807.64M |
| Cost of Revenue | $540.68M | $507.45M | - | $484.48M | $416.93M | $381.01M | - | $361.39M | $288.04M | $284.04M |
| Gross Profit | $649.75M | $528.57M | - | $799.34M | $773.50M | $655.01M | - | $574.85M | $395.40M | $523.60M |
| R&D | $454.86M | $371.69M | - | $324.25M | $299.86M | $250.71M | - | $208.88M | $215.81M | $200.39M |
| SG&A | $216.59M | $149.86M | - | $150.85M | $141.48M | $117.53M | - | $94.58M | $246.24M | $109.37M |
| Total Operating Expenses | $1.52B | $1.33B | - | $2.03B | $1.16B | $983.84M | - | $880.13M | $957.37M | $815.08M |
| D&A | - | $160.28M | - | - | - | $131.05M | - | - | - | $120.65M |
| Operating Income | ($343.76M) | ($127.83M) | - | ($742.55M) | $30.25M | $52.18M | - | $56.11M | ($273.93M) | ($7.44M) |
| Interest Expense | $23.34M | $15.44M | - | $13.28M | $13.89M | $13.19M | - | $39.61M | $39.83M | $33.27M |
| Income Tax | ($65.90M) | $315.37M | - | ($190.32M) | $15.65M | ($18.00M) | - | $1.02M | $1.09B | ($7.14M) |
| Net Income | ($270.01M) | $513.29M | - | ($536.76M) | $65.65M | $68.00M | - | $28.66M | ($1.38B) | ($8.40M) |
| EPS - Basic | ($0.35) | $0.66 | - | ($0.67) | $0.08 | $0.09 | - | $0.04 | ($1.75) | ($0.01) |
| EPS - Diluted | ($0.35) | $0.61 | - | ($0.67) | $0.08 | $0.08 | - | $0.04 | ($1.75) | ($0.01) |
Balance Sheet
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.68B | $2.28B | $2.19B | $3.47B | $4.13B | $4.25B | $1.99B | $2.20B | $3.11B | $3.46B |
| Accounts Receivable | $972.59M | $948.14M | $1.22B | $1.01B | $954.26M | $850.08M | $1.04B | $747.55M | $600.78M | $656.38M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $153.09M | $189.52M | $203.17M | $207.91M | $325.45M | $219.90M | $194.28M | $241.10M | $162.16M | $183.92M |
| Current Assets | $7.27B | $7.48B | $7.92B | $8.65B | $9.73B | $9.86B | $8.64B | $8.59B | $8.50B | $8.47B |
| Total Assets | $13.58B | $13.55B | $14.06B | $14.59B | $15.32B | $14.98B | $13.38B | $13.09B | $12.55B | $13.54B |
| Current Liabilities | $1.02B | $1.14B | $1.34B | $2.11B | $2.26B | $2.04B | $1.95B | $1.94B | $841.11M | $710.02M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $7.65B | $7.65B | $6.75B | $7.42B | $7.61B | $7.25B | $5.41B | $5.28B | $4.89B | $4.75B |
| Stockholders' Equity | $5.93B | $5.90B | $7.31B | $7.17B | $7.72B | $7.74B | $7.97B | $7.81B | $7.66B | $8.80B |
| Retained Earnings | ($963.67M) | ($616.86M) | ($1.00B) | ($1.18B) | ($647.24M) | ($712.89M) | ($1.13B) | ($1.35B) | ($1.38B) | $1.56M |
Cash Flow
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $126.09M | - | - | - | $390.18M | - | - | - | $246.77M |
| Investing Cash Flow | - | $1.06B | - | - | - | $680.36M | - | - | - | $466.14M |
| Financing Cash Flow | - | ($1.09B) | - | - | - | $1.20B | - | - | - | $963.98M |
| CapEx | - | $163.17M | - | - | - | $181.18M | - | - | - | $122.67M |
| Free Cash Flow | - | ($37.08M) | - | - | - | $209.00M | - | - | - | $124.10M |
Ratios
| Metric | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 54.6% | 51.0% | - | 62.3% | 65.0% | 63.2% | - | 61.4% | 57.9% | 64.8% |
| Operating margin | -28.9% | -12.3% | - | -57.8% | 2.5% | 5.0% | - | 6.0% | -40.1% | -0.9% |
| EBITDA margin | - | 3.1% | - | - | - | 17.7% | - | - | - | 14.0% |
| Net margin | -22.7% | 49.5% | - | -41.8% | 5.5% | 6.6% | - | 3.1% | -201.6% | -1.0% |
| Free cash flow margin | - | -3.6% | - | - | - | 20.2% | - | - | - | 15.4% |
| FCF / Net income | - | -0.07 | - | - | - | 3.07 | - | - | - | -14.78 |
| R&D / Revenue | 38.2% | 35.9% | - | 25.3% | 25.2% | 24.2% | - | 22.3% | 31.6% | 24.8% |
| SG&A / Revenue | 18.2% | 14.5% | - | 11.8% | 11.9% | 11.3% | - | 10.1% | 36.0% | 13.5% |
| Effective tax rate | - | 38.1% | - | - | 19.3% | -36.0% | - | 3.4% | - | - |
| Return on assets | -2.0% | 3.8% | - | -3.7% | 0.4% | 0.5% | - | 0.2% | -11.0% | -0.1% |
| Return on equity | -4.6% | 8.7% | - | -7.5% | 0.9% | 0.9% | - | 0.4% | -18.0% | -0.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 7.15 | 6.58 | 5.89 | 4.09 | 4.31 | 4.84 | 4.42 | 4.44 | 10.10 | 11.93 |
| Quick ratio | 7.15 | 6.58 | 5.89 | 4.09 | 4.31 | 4.84 | 4.42 | 4.44 | 10.10 | 11.93 |
| Cash ratio | 2.64 | 2.01 | 1.63 | 1.64 | 1.83 | 2.09 | 1.02 | 1.14 | 3.70 | 4.88 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -14.7x | -8.3x | - | -55.9x | 2.2x | 4.0x | - | 1.4x | -6.9x | -0.2x |
| Equity multiplier | 2.29 | 2.29 | 1.92 | 2.03 | 1.99 | 1.94 | 1.68 | 1.68 | 1.64 | 1.54 |
| Liabilities / Assets | 0.56 | 0.56 | 0.48 | 0.51 | 0.50 | 0.48 | 0.40 | 0.40 | 0.39 | 0.35 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | 0.08 | - | 0.09 | 0.08 | 0.07 | - | 0.07 | 0.05 | 0.06 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 298d | 334d | - | 288d | 293d | 299d | - | 291d | 321d | 297d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 103d | 136d | - | 157d | 285d | 211d | - | 244d | 205d | 236d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.0% | 0.0% | - | 37.1% | 74.2% | 28.3% | - | 13.7% | -18.8% | 2.6% |
| Revenue CAGR (3y) | 12.3% | 9.6% | - | 19.2% | 18.8% | 15.9% | - | 16.7% | 6.0% | 13.8% |
| Revenue CAGR (5y) | 15.7% | 13.6% | - | 15.8% | 14.6% | 11.7% | - | 10.5% | 6.3% | 13.1% |
| Gross profit growth (YoY) | -16.0% | -19.3% | - | 39.1% | 95.6% | 25.1% | - | 5.9% | -29.8% | 0.1% |
| Operating income growth (YoY) | - | - | - | - | - | - | - | 27.1% | - | - |
| Net income growth (YoY) | - | 654.8% | - | - | - | - | - | -21.5% | - | - |
| EPS growth (YoY) | - | 662.5% | - | - | - | - | - | -20.0% | - | - |
| EPS CAGR (3y) | - | 34.6% | - | - | -14.9% | 0.0% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | 68.4% | - | - | - | -22.3% |
| FCF CAGR (5y) | - | - | - | - | - | 15.1% | - | - | - | 23.9% |
| Book value growth (YoY) | -23.1% | -23.7% | -8.3% | -8.2% | 0.8% | -12.0% | -8.4% | -7.2% | -8.2% | 24.1% |
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%
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing TWITTER against the 5 most active filers in the same SIC group.