{ "docId": "019de514-aeaf-7706-86cb-d4ac9eca1df4", "docSlug": "38200769b3f88c345ffb151a76d6e4d8", "documentTitle": "Snowflake | Results Presentation Deck | 37 slides", "authorId": "snowflake", "authorName": "Snowflake", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 3, "pageCount": 37, "prevPage": 2, "nextPage": 4, "slideType": "disclaimer", "function": "front_matter", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de514-aeaf-7706-86cb-d4ac9eca1df4/3", "deckHref": "/decks/019de514-aeaf-7706-86cb-d4ac9eca1df4", "deckJsonHref": "/decks/019de514-aeaf-7706-86cb-d4ac9eca1df4.json", "deckAnchorHref": "/decks/019de514-aeaf-7706-86cb-d4ac9eca1df4#slide-3", "components": [ { "bbox": { "h": 0.14, "w": 0.901, "x": 0.049, "y": 0.789 }, "kind": "paragraph", "text": "Adjusted free cash flow is defined as free cash flow plus (minus) net cash paid (received) on employer and employee payroll tax-related items on employee stock transactions. Employee payroll\ntax-related items on employee stock transactions are generally pass-through transactions that are expected to have a net zero impact on free cash flow over time, but that may impact free cash\nflow in any given fiscal quarter due to differences between the time that we receive funds from our employees and the time we remit those funds to applicable tax authorities. We believe that\nexcluding the effects of these payroll tax-related items will enhance stockholders' ability to evaluate our free cash flow performance, including on a quarter-over-quarter basis. Adjusted free cash\nflow margin is calculated as adjusted free cash flow as a percentage of revenue. We believe these measures provide useful supplemental information to investors because they are indicators of the\nstrength and performance of our core business operations.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1c38e7ce-09ee-4b97-ab00-af603f4effb9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.14, "w": 0.901, "x": 0.049, "y": 0.243 }, "kind": "paragraph", "text": "This presentation also includes certain non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP).\nThese non-GAAP financial measures are in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. There are a number of limitations related\nto the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other\nmeasures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Please see the Appendix for reconciliations of these\nnon-GAAP financial measures to their nearest GAAP equivalents and for the calculation of certain other financial metrics.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7f166078-26c6-42e2-a82b-a6b000458728", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.26, "w": 0.901, "x": 0.049, "y": 0.399 }, "kind": "paragraph", "text": "Our non-GAAP product gross profit, operating income (loss), net income (loss), and net income (loss) attributable to Snowflake Inc. measures exclude the effect of (i) stock-based compensation-\nrelated charges, including employer payroll tax-related items on employee stock transactions, (ii) amortization of acquired intangibles, (iii) expenses associated with acquisitions and strategic\ninvestments, (iv) adjustments attributable to noncontrolling interest, and (v) the related income tax effect of these adjustments as well as the non-recurring income tax expense or benefit associated\nwith acquisitions. Our non-GAAP net income (loss) per share attributable to Snowflake Inc. common stockholders - basic is calculated by dividing non-GAAP net income (loss) attributable to\nSnowflake Inc. by the weighted-average number of diluted shares of common stock outstanding during the period. Our non-GAAP net income (loss) per share attributable to Snowflake Inc.\ncommon stockholders - diluted is calculated by dividing net non-GAAP net income (loss) attributable to Snowflake Inc. by the weighted-average number of diluted shares outstanding, giving effect\nto all potentially dilutive common stock equivalents (stock options, restricted stock units, and employee stock purchase rights under our 2020 Employee Stock Purchase Plan). Amounts attributable\nto noncontrolling interest were not material for all periods presented. We believe the presentation of operating results that exclude these non-cash or non-recurring items provides useful\nsupplemental information to investors and facilitates the analysis of our operating results and comparison of operating results across reporting periods.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bcf3ae5e-b510-46d5-b95f-c1ce11c9aae2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.09, "w": 0.901, "x": 0.049, "y": 0.68 }, "kind": "paragraph", "text": "Free cash flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalized internal-use software development costs. Cash\noutflows for employee payroll tax items related to the net share settlement of equity awards are included in cash flow for financing activities and, as a result, do not have an effect on the calculation\nof free cash flow. Free cash flow margin is calculated as free cash flow as a percentage of revenue. We believe these measures provide useful supplemental information to investors because they\nare indicators of the strength and performance of our core business operations.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fb981554-cb84-4870-957e-66a57ff7897d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.17, "x": 0.068, "y": 0.945 }, "kind": "source-note", "text": "© 2022 Snowflake Inc. All Rights Reserved", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6c8bf5eb-34ea-4017-b238-07a2964eb80b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.007, "x": 0.95, "y": 0.945 }, "kind": "source-note", "text": "3", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f495d29b-d27d-4971-919b-fa90c5560c41", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.13, "w": 0.899, "x": 0.049, "y": 0.08 }, "kind": "title", "text": "Statement Regarding Use of Non-GAAP\nFinancial Measures", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "53cf858e-c5c9-411e-9a77-d6ad2fac3a85", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }