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Income and Bookings Forward of Steerage
Largest Annual Cellular Viewers Ever
Highest Annual Income and Bookings in Zynga Historical past
Sturdy Quarterly and Annual Working Money Move
San Francisco–(ANTARA/Enterprise Wire)- Zynga Inc. (NASDAQ: ZNGA) right this moment launched monetary outcomes for the fourth quarter and full yr ended December 31, 2021.
“Our robust This autumn outcomes capped off our document 2021 efficiency the place we delivered our highest annual income and bookings ever, whereas reaching the most important cell viewers in Zynga historical past,” stated Frank Gibeau, CEO of Zynga. “I’m happy with our group’s execution throughout all elements of our progress technique together with reside providers, new recreation improvement and investments in our promoting platform, new markets and applied sciences to solidify Zynga as a number one mobile-first, free-to-play reside providers firm.”
Fourth Quarter 2021 Monetary Abstract
$ in thousands and thousands This autumn’21
Actuals This autumn’20
Actuals Variance $
(Y/Y) Variance %
(Y/Y) This autumn’21
Steerage (1) Variance $
(Steerage) Variance %
(Steerage)
Income $ 695 $ 616 $ 79 13 % $ 675 $ 20 3 %
Change in deferred income & different bookings changes $ (31 ) $ (83 ) $ 52 (62 %) $ (40 ) $ 9 (22 %)
Bookings $ 727 $ 699 $ 28 4 % $ 715 $ 12 2 %
Web revenue (loss) $ (67 ) $ (53 ) $ (14 ) 27 % $ (60 ) $ (7 ) 12 %
Adjusted EBITDA $ 147 $ 90 $ 57 63 % $ 122 $ 25 20 %
Word: Sure measures as introduced differ because of the influence of rounding.
(1) Steerage as communicated at Q3’21 earnings.
• Income & Bookings: We achieved document This autumn income of $695 million, a rise of 13% year-over-year, and our best-ever quarterly bookings of $727 million, up 4% year-over-year. On-line recreation or consumer pay income was $534 million, up 7% year-over-year, and consumer pay bookings had been $555 million, down 5% year-over-year. Promoting & different income was a quarterly document of $161 million, up 37% year-over-year, and promoting & different bookings had been an all-time better of $171 million, up 46% year-over-year.
• Viewers Metrics: Common cell each day lively customers (DAUs) had been 37 million, up 3% year-over-year, and common cell month-to-month lively customers (MAUs) had been 184 million, up 38% year-over-year. Cellular common bookings per cell DAU (ABPU) of $0.204 decreased by 1% year-over-year.
• Prices & Bills: Price of income was $260 million or 37% of income, in comparison with 41% of income within the year-ago quarter. Non-GAAP price of income was $194 million or 27% of bookings, down from 28% of bookings within the year-ago quarter. GAAP working bills had been $437 million, representing 63% of income and an enchancment from 64% within the year-ago quarter. Non-GAAP working bills of $357 million represented 49% of bookings, versus 47% within the year-ago quarter.
• Profitability & Money Move: Web loss was $67 million, in comparison with $53 million within the year-ago quarter, and adjusted EBITDA was $147 million, up $57 million year-over-year. We generated working money circulate of $158 million, down $48 million year-over-year.
2021 Annual Monetary Abstract
$ in thousands and thousands FY21
Actuals FY20
Actuals Variance $
(Y/Y) Variance %
(Y/Y) FY21
Steerage (1) Variance $
(Steerage) Variance %
(Steerage)
Income $ 2,801 $ 1,975 $ 826 42 % $ 2,780 $ 20 1 %
Change in deferred income & different bookings changes $ (25 ) $ (295 ) $ 270 (91 %) $ (34 ) $ 9 (26 %)
Bookings $ 2,826 $ 2,270 $ 556 24 % $ 2,814 $ 12 0 %
Web revenue (loss) $ (104 ) $ (429 ) $ 325 (76 %) $ (97 ) $ (7 ) 8 %
Adjusted EBITDA $ 641 $ 266 $ 374 141 % $ 616 $ 25 4 %
Word: Sure measures as introduced differ because of the influence of rounding.
(1) Steerage as communicated at Q3’21 earnings.
• Income & Bookings: We achieved our highest-ever annual income of $2,801 million, a rise of 42% year-over-year, and our best-ever annual bookings of $2,826 million, up 24% year-over-year. On-line recreation income was a document $2,249 million, up 35% year-over-year, and consumer pay bookings had been a document $2,265 million, up 15% year-over-year. Promoting & different income was a document $551 million, up 79% year-over-year, and promoting & different bookings had been a document $561 million, up 83% year-over-year.
• Viewers Metrics: File annual common cell DAUs had been 39 million, up 41% year-over-year, and all-time greatest annual common cell MAUs had been 184 million, up 107% year-over-year. Annual cell ABPU of $0.194 decreased by 12% year-over-year.
• Prices & Bills: Price of income was $1,015 million or 36% of income, in comparison with 41% of income within the prior yr. Non-GAAP price of income was $787 million or 28% of bookings, down from 30% of bookings within the prior yr. GAAP working bills had been $1,730 million, representing 62% of income and a big enchancment from 78% within the prior yr. Non-GAAP working bills of $1,386 million represented 49% of bookings versus 46% within the prior yr.
• Profitability & Money Move: Web loss was $104 million, an enchancment of $325 million year-over-year, and adjusted EBITDA was $641 million, up $374 million year-over-year. We generated working money circulate of $254 million, down $176 million year-over-year, and ended the yr with roughly $1.2 billion in money and investments.
Because of the pending transaction with Take-Two Interactive Software program introduced on January 10, 2022, Zynga will not be internet hosting a convention name or offering ahead steerage in reference to the discharge of its quarterly outcomes.
About Zynga Inc.
Key Working Metrics
We handle our enterprise by monitoring a number of working metrics: “Cellular DAUs,” which measure each day lively customers of our cell video games, “Cellular MAUs,” which measure month-to-month lively customers of our cell video games, and “Cellular ABPU,” which measures our common each day cell bookings per common Cellular DAU, every of which is recorded and estimated by our inside analytics techniques. We decide these working metrics through the use of inside firm knowledge primarily based on monitoring of consumer account exercise. We additionally use data supplied by third events, together with third social gathering community logins supplied by platform suppliers, to assist us monitor whether or not a participant logged in beneath two or extra totally different consumer accounts is similar particular person. Total, we imagine that the quantities are affordable estimates of our consumer base for the relevant interval of measurement and that the methodologies we make use of and replace from time-to-time are moderately primarily based on our efforts to establish developments in participant habits. Nevertheless, elements regarding consumer exercise and techniques and our skill to establish and detect makes an attempt to duplicate authentic participant exercise might influence these numbers.
Cellular DAUs. We outline Cellular DAUs because the variety of people who performed certainly one of our cell video games throughout a specific day. Common Cellular DAUs for a specific interval is the typical of the Cellular DAUs for every day throughout that interval. Underneath this metric, a person who performs two totally different cell video games on the identical day is counted as two DAUs. We use data supplied by third events to assist us establish people who play the identical recreation to scale back this duplication. Nevertheless, we shouldn’t have the third social gathering community login knowledge to hyperlink a person who has performed beneath a number of consumer accounts for our hyper-casual video games (which incorporates the video games acquired from Rollic in October 2020), cell messenger video games (previous to the third quarter of 2021), Puzzle Fight, Merge Magic! and video games acquired from Gram Video games in Might 2018, Small Large in January 2019, Peak in July 2020 and StarLark in October 2021, and accordingly, precise Cellular DAUs could also be decrease than reported because of the potential duplication of those people. We use Cellular DAUs as a measure of viewers engagement.
Cellular MAUs. We outline Cellular MAUs because the variety of people who performed certainly one of our cell video games within the 30-day interval ending with the measurement date. Common Cellular MAUs for a specific interval is the typical of the Cellular MAUs at every month-end throughout that interval. Underneath this metric, a person who performs two totally different cell video games in the identical 30-day interval is counted as two Cellular MAUs. We use data supplied by third events to assist us establish people who play the identical recreation to scale back this duplication. Nevertheless, we shouldn’t have the third social gathering community login knowledge to hyperlink a person who has performed beneath a number of consumer accounts for our hyper-casual video games (which incorporates the video games acquired from Rollic in October 2020), cell messenger video games (previous to the third quarter of 2021), Puzzle Fight, Merge Magic! and video games acquired from Gram Video games in Might 2018, Small Large in January 2019, Peak in July 2020 and StarLark in October 2021, and accordingly, precise Cellular MAUs could also be decrease than reported because of the potential duplication of those people. We use Cellular MAUs as a measure of complete recreation viewers measurement.
Cellular ABPU. We outline Cellular ABPU as our complete cell bookings in a given interval, divided by the variety of days in that interval, divided by the typical Cellular DAUs through the interval. We imagine that Cellular ABPU offers helpful data to buyers and others in understanding and evaluating our leads to the identical method as administration. We use Cellular ABPU as a measure of general monetization throughout all of our gamers by means of the sale of digital gadgets and promoting.
Our enterprise mannequin round our social video games is designed in order that, as extra gamers play our video games, social interactions improve and the extra priceless our video games and our enterprise change into. All engaged gamers of our video games assist drive our bookings and, consequently, each on-line recreation income and promoting income. Digital gadgets are bought by gamers who’re socializing with, competing in opposition to or collaborating with different gamers, most of whom don’t purchase digital gadgets. Accordingly, we primarily deal with Cellular DAUs, Cellular MAUs and Cellular ABPU, which we imagine collectively greatest mirror key viewers metrics.
Non-GAAP Monetary Measures
We now have supplied on this press launch sure non-GAAP monetary measures to complement our consolidated monetary statements ready in accordance with U.S. GAAP (our “GAAP monetary statements”). Administration makes use of non-GAAP monetary measures internally in analyzing our monetary outcomes to evaluate operational efficiency and liquidity. Our non-GAAP monetary measures could also be totally different from non-GAAP monetary measures utilized by different corporations.
The presentation of our non-GAAP monetary measures will not be supposed to be thought-about in isolation or as an alternative choice to, or superior to, our GAAP monetary statements. We imagine that each administration and buyers profit from referring to our non-GAAP monetary measures in assessing our efficiency and when planning, forecasting and analyzing future intervals. We imagine our non-GAAP monetary measures are helpful to buyers as a result of they permit for higher transparency with respect to key monetary measures we use in making working selections and since our buyers and analysts use them to assist assess the well being of our enterprise.
We now have supplied reconciliations of our non-GAAP monetary measures used on this press launch to probably the most instantly comparable GAAP monetary measures within the following tables. Due to the next limitations of our non-GAAP monetary measures, you must contemplate the non-GAAP monetary measures introduced on this press launch with our GAAP monetary statements.
Key limitations of our non-GAAP monetary measures embody:
• Bookings doesn’t mirror that we defer and acknowledge on-line recreation income and income from sure promoting transactions over the estimated common enjoying interval of payers for sturdy digital gadgets or as consumed for consumable digital gadgets; bookings additionally contains different changes;
• Adjusted EBITDA doesn’t embody the influence of stock-based compensation expense, acquisition-related transaction bills, contingent consideration truthful worth changes and bills incurred from vacated leases (which incorporates impairment fees acknowledged);
• Adjusted EBITDA doesn’t mirror provisions for or advantages from revenue taxes and doesn’t embody different revenue (expense) internet, which incorporates overseas trade and asset disposition positive aspects and losses, curiosity expense and curiosity revenue;
• Adjusted EBITDA excludes depreciation and amortization of tangible and intangible property. Though depreciation and amortization are non-cash fees, the property being depreciated or amortized might have to get replaced sooner or later;
• Free money circulate is derived from internet money supplied by working actions much less money spent on capital expenditures; and
• Non-GAAP Price of Income and Non-GAAP Working Bills don’t embody the influence of amortization of intangible property from acquisitions, contingent consideration truthful worth changes, acquisition-related transaction bills, bills incurred from vacated leases or stock-based compensation expense.
ZYNGA INC.
CONSOLIDATED BALANCE SHEETS
(In thousands and thousands, unaudited)
December 31, December 31,
2021 2020
Belongings
Present property:
Money and money equivalents $ 984.0 $ 1,364.4
Brief-term investments 169.0 208.4
Accounts receivable, internet of allowance of $0.9 at December 31, 2021 and $0.5 at December 31, 2020 242.5 217.5
Restricted money 161.0 —
Pay as you go bills 56.7 40.0
Different present property 35.4 29.5
Whole present property 1,648.6 1,859.8
Lengthy-term investments — 2.0
Goodwill 3,601.1 3,160.8
Intangible property, internet 900.5 838.1
Property and gear, internet 30.3 39.3
Proper-of-use property 86.4 131.9
Restricted money 40.2 136.0
Pay as you go bills 25.0 21.6
Different non-current property 26.8 17.0
Whole property $ 6,358.9 $ 6,206.5
Liabilities and stockholders’ fairness
Present liabilities:
Accounts payable $ 95.6 $ 57.2
Revenue tax payable 52.2 39.6
Deferred income 748.1 747.7
Working lease liabilities 17.1 18.5
Different present liabilities 650.4 462.4
Whole present liabilities 1,563.4 1,325.4
Convertible senior notes, internet 1,343.8 1,289.9
Deferred income 0.3 0.3
Deferred tax liabilities, internet 93.8 126.3
Non-current working lease liabilities 133.4 122.0
Different non-current liabilities 112.3 401.1
Whole liabilities 3,247.0 3,265.0
Stockholders’ fairness:
Frequent inventory and extra paid-in capital 5,625.0 5,276.5
Collected different complete revenue (loss) (107.1 ) (50.7 )
Collected deficit (2,406.0 ) (2,284.3 )
Whole stockholders’ fairness 3,111.9 2,941.5
Whole liabilities and stockholders’ fairness $ 6,358.9 $ 6,206.5
ZYNGA INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands and thousands, besides per share knowledge, unaudited)
Three Months Ended Twelve Months Ended
December 31,
2021 September 30,
2021 December 31,
2020 December 31,
2021 December 31,
2020
Income:
On-line recreation $ 534.0 $ 571.1 $ 498.6 $ 2,249.2 $ 1,667.2
Promoting and different 161.4 133.6 117.4 551.3 307.6
Whole income 695.4 704.7 616.0 2,800.5 1,974.8
Prices and bills:
Price of income 260.1 240.8 250.4 1,014.9 811.8
Analysis and improvement 151.9 143.5 122.0 545.9 713.7
Gross sales and advertising and marketing 245.6 216.7 238.5 955.1 683.5
Basic and administrative 39.1 49.2 32.6 162.0 136.0
Impairment associated to actual property property — 66.8 — 66.8 —
Whole prices and bills 696.7 717.0 643.5 2,744.7 2,345.0
Revenue (loss) from operations (1.3 ) (12.3 ) (27.5 ) 55.8 (370.2 )
Curiosity revenue 1.4 1.6 1.3 6.4 11.6
Curiosity expense (15.0 ) (14.8 ) (9.0 ) (59.2 ) (30.3 )
Different revenue (expense), internet (10.2 ) (0.6 ) (11.7 ) (11.2 ) (16.5 )
Revenue (loss) earlier than revenue taxes (25.1 ) (26.1 ) (46.9 ) (8.2 ) (405.4 )
Provision for (profit from) revenue taxes 42.1 15.6 6.1 96.0 24.0
Web revenue (loss) $ (67.2 ) $ (41.7 ) $ (53.0 ) $ (104.2 ) $ (429.4 )
Web revenue (loss) per share attributable to widespread
stockholders:
Primary $ (0.06 ) $ (0.04 ) $ (0.05 ) $ (0.09 ) $ (0.42 )
Diluted $ (0.06 ) $ (0.04 ) $ (0.05 ) $ (0.09 ) $ (0.42 )
Weighted common widespread shares used to compute internet revenue (loss) per share attributable to widespread stockholders:
Primary 1,124.9 1,097.1 1,079.9 1,099.1 1,016.8
Diluted 1,124.9 1,097.1 1,079.9 1,099.1 1,016.8
Inventory-based compensation expense included
within the above line gadgets
Price of income $ 0.8 $ 0.8 $ 0.5 $ 2.8 $ 2.0
Analysis and improvement 27.7 29.9 24.8 110.7 73.4
Gross sales and advertising and marketing 4.8 4.4 3.8 17.8 14.7
Basic and administrative 8.9 9.5 8.7 35.9 32.5
Whole stock-based compensation expense $ 42.2 $ 44.6 $ 37.8 $ 167.2 $ 122.6
ZYNGA INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands and thousands, unaudited)
Three Months Ended Twelve Months Ended
December 31,
2021 September 30,
2021 December 31,
2020 December 31,
2021 December 31,
2020
Money flows from working actions:
Web revenue (loss) $ (67.2 ) $ (41.7 ) $ (53.0 ) $ (104.2 ) $ (429.4 )
Changes to reconcile internet revenue (loss) to internet money supplied by (utilized in) working actions:
Depreciation and amortization 68.2 58.1 55.0 238.9 142.1
Inventory-based compensation expense 42.3 44.6 37.8 167.2 122.6
(Achieve) loss from derivatives, sale of investments and different property and overseas foreign money, internet 18.3 (1.6 ) 13.5 13.4 16.0
(Accretion) and amortization on marketable securities — — 0.1 — (2.2 )
Noncash lease expense 4.0 4.2 4.1 16.9 15.9
Noncash curiosity expense 13.7 13.5 7.5 53.9 26.4
Change in deferred revenue taxes and different (6.9 ) (9.9 ) (21.8 ) (49.9 ) (32.9 )
Impairment associated to actual property property — 66.8 — 66.8 —
Modifications in working property and liabilities:
Accounts receivable, internet (33.5 ) 68.0 33.3 (9.2 ) 4.8
Pay as you go bills and different property (3.1 ) (10.7 ) 2.7 (25.0 ) 9.1
Accounts payable 45.0 5.8 10.2 37.6 5.5
Deferred income 22.1 (36.6 ) 81.2 17.9 291.5
Revenue tax payable (20.4 ) (12.9 ) 17.3 4.7 36.7
Working lease and different liabilities 75.6 (49.0 ) 18.0 (175.2 ) 223.1
Web money supplied by (utilized in) working actions 158.1 98.6 205.9 253.8 429.2
Money flows from investing actions:
Purchases of investments (1.5 ) (3.1 ) (117.1 ) (614.2 ) (677.1 )
Maturities of investments 83.5 194.2 13.9 652.3 1,038.5
Gross sales of investments — — — — 549.9
Acquisition of property and gear (5.7 ) (2.5 ) (2.7 ) (12.5 ) (18.8 )
Proceeds from sale of property and gear — — — — 0.1
Enterprise combos, internet of money acquired and restricted money held in escrow (286.1 ) (192.2 ) (151.4 ) (508.3 ) (942.5 )
Asset acquisitions of intangible property — (1.1 ) (6.0 ) (4.3 ) (6.0 )
Launch of enterprise mixture restricted money held in escrow — — — — (30.0 )
Different investing actions, internet (8.0 ) (4.9 ) (0.2 ) (13.9 ) (1.8 )
Web money supplied by (utilized in) investing actions (217.8 ) (9.6 ) (263.5 ) (500.9 ) (87.7 )
Money flows from financing actions:
Proceeds from issuance of debt, internet of issuance prices — — 856.7 (1.2 ) 856.7
Buy of capped calls — — (63.0 ) — (63.0 )
Taxes paid associated to internet share settlement of stockholders’ fairness awards (2.5 ) (3.0 ) (14.3 ) (17.5 ) (57.2 )
Proceeds from issuance of widespread inventory 18.3 4.4 0.6 33.4 16.9
Acquisition-related contingent consideration funds — (31.0 ) — (56.1 ) (63.6 )
Web money supplied by (utilized in) financing actions 15.8 (29.6 ) 780.0 (41.4 ) 689.8
Impact of trade charge modifications on money, money equivalents and restricted money (19.3 ) (5.0 ) 4.5 (26.7 ) 15.8
Web change in money, money equivalents and restricted money (63.2 ) 54.4 726.9 (315.2 ) 1,047.1
Money, money equivalents and restricted money, starting of interval 1,248.4 1,194.0 773.5 1,500.4 453.3
Money, money equivalents and restricted money, finish of interval $ 1,185.2 $ 1,248.4 $ 1,500.4 $ 1,185.2 $ 1,500.4
ZYNGA INC.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(In thousands and thousands, unaudited)
Three Months Ended Twelve Months Ended
December 31,
2021 September 30,
2021 December 31,
2020 December 31,
2021 December 31,
2020
Reconciliation of Income to Bookings: Whole
Income $ 695.4 $ 704.7 $ 616.0 $ 2,800.5 $ 1,974.8
Change in deferred income 21.2 (37.0 ) 82.9 15.3 295.1
Different bookings changes 10.0 — — 10.0 —
Bookings $ 726.6 $ 667.7 $ 698.9 $ 2,825.8 $ 2,269.9
Reconciliation of Income to Bookings: Cellular
Income $ 673.9 $ 685.1 $ 595.3 $ 2,719.0 $ 1,899.1
Change in deferred income 21.1 (35.8 ) 84.4 16.3 296.4
Bookings $ 695.0 $ 649.3 $ 679.7 $ 2,735.3 $ 2,195.5
Reconciliation of Income to Bookings: Promoting & Different
Income $ 161.4 $ 133.6 $ 117.4 $ 551.3 $ 307.6
Change in deferred income 0.1 — (0.2 ) (0.1 ) (1.1 )
Different bookings changes 10.0 — — 10.0 —
Bookings $ 171.5 $ 133.6 $ 117.2 $ 561.2 $ 306.5
Reconciliation of Web Revenue (Loss) to Adjusted EBITDA
Web revenue (loss) $ (67.2 ) $ (41.7 ) $ (53.0 ) $ (104.2 ) $ (429.4 )
Provision for revenue taxes 42.1 15.6 6.1 96.0 24.0
Different (revenue) expense, internet 10.2 0.6 11.7 11.2 16.5
Curiosity revenue (1.4 ) (1.6 ) (1.3 ) (6.4 ) (11.6 )
Curiosity expense 15.0 14.8 9.0 59.2 30.3
Depreciation and amortization 67.6 57.7 55.0 237.9 142.1
Acquisition-related transaction bills 4.6 15.7 1.1 25.2 12.5
Contingent consideration truthful worth adjustment 28.9 21.6 23.5 80.0 359.2
Bills incurred from vacated lease(1) 4.6 69.8 — 74.4 —
Inventory-based compensation expense 42.2 44.6 37.8 167.2 122.6
Adjusted EBITDA $ 146.6 $ 197.1 $ 89.9 $ 640.5 $ 266.2
Reconciliation of GAAP Working Expense to Non-GAAP Working Expense
GAAP working expense $ 436.6 $ 476.2 $ 393.1 $ 1,729.8 $ 1,533.2
Acquisition-related transaction bills (4.6 ) (15.7 ) (1.1 ) (25.2 ) (12.5 )
Contingent consideration truthful worth adjustment (28.9 ) (21.6 ) (23.5 ) (80.0 ) (359.2 )
Bills incurred from vacated lease(1) (4.6 ) (69.8 ) — (74.4 ) —
Inventory-based compensation expense (41.4 ) (43.8 ) (37.3 ) (164.4 ) (120.6 )
Non-GAAP working expense $ 357.1 $ 325.3 $ 331.2 $ 1,385.8 $ 1,040.9
Reconciliation of Money Offered by Working Actions to Free Money Move
Web money supplied by (utilized in) working actions 158.1 98.6 205.9 253.8 429.2
Acquisition of property and gear (5.7 ) (2.5 ) (2.7 ) (12.5 ) (18.8 )
Free money circulate $ 152.4 $ 96.1 $ 203.2 $ 241.3 $ 410.4
(1) Quantity contains $66.8 million non-cash impairment cost associated to our San Francisco workplace constructing and associated leasehold enhancements, property and gear incurred in August 2021, in addition to subsequent hire and different bills (together with depreciation) related to the workplace constructing
ZYNGA INC.
RECONCILIATION OF GAAP TO NON-GAAP COSTS AND EXPENSES
(In thousands and thousands, unaudited)
Three Months Ended December 31, 2021
GAAP
Measure Amortization
of intangible
property from
acquisitions Contingent
consideration
truthful worth
adjustment Acquisition-
associated
bills Bills
incurred
from vacated
lease Inventory-based
compensation
expense Non-GAAP
measure
Price of income $ 260.1 $ (65.7 ) $ — $ — $ — $ (0.8 ) $ 193.6
Working bills
Analysis and improvement 151.9 — (28.9 ) (1.4 ) — (27.7 ) 93.9
Gross sales and advertising and marketing 245.6 — — (0.1 ) — (4.8 ) 240.7
Basic and administrative 39.1 — — (3.1 ) (4.6 ) (8.9 ) 22.5
Whole working bills 436.6 — (28.9 ) (4.6 ) (4.6 ) (41.4 ) 357.1
Whole prices and bills $ 696.7 $ (65.7 ) $ (28.9 ) $ (4.6 ) $ (4.6 ) $ (42.2 ) $ 550.7
Three Months Ended December 31, 2020
GAAP
Measure Amortization
of intangible
property from
acquisitions Contingent
consideration
truthful worth
adjustment Acquisition-
associated
bills Bills
incurred
from vacated
lease Inventory-based
compensation
expense Non-GAAP
measure
Price of income $ 250.4 $ (51.3 ) $ — $ — $ — $ (0.5 ) $ 198.6
Working bills
Analysis and improvement 122.0 — (23.5 ) — — (24.8 ) 73.7
Gross sales and advertising and marketing 238.5 — — — — (3.8 ) 234.7
Basic and administrative 32.6 — — (1.1 ) — (8.7 ) 22.8
Whole working bills 393.1 — (23.5 ) (1.1 ) — (37.3 ) 331.2
Whole prices and bills $ 643.5 $ (51.3 ) $ (23.5 ) $ (1.1 ) $ — $ (37.8 ) $ 529.8
ZYNGA INC.
RECONCILIATION OF GAAP TO NON-GAAP COSTS AND EXPENSES
(In thousands and thousands, unaudited)
Twelve Months Ended December 31, 2021
GAAP
Measure Amortization
of intangible
property from
acquisitions Contingent
consideration
truthful worth
adjustment Acquisition-
associated
bills Bills
incurred
from vacated
lease Inventory-based
compensation
expense Non-GAAP
measure
Price of income $ 1,014.9 $ (225.2 ) $ — $ — $ — $ (2.8 ) $ 786.9
Working bills
Analysis and improvement 545.9 — (80.0 ) (5.5 ) — (110.7 ) 349.7
Gross sales and advertising and marketing 955.1 — — (2.9 ) — (17.8 ) 934.4
Basic and administrative 162.0 — — (16.8 ) (7.6 ) (35.9 ) 101.7
Impairment associated to actual property property 66.8 — — — (66.8 ) — —
Whole working bills 1,729.8 — (80.0 ) (25.2 ) (74.4 ) (164.4 ) 1,385.8
Whole prices and bills $ 2,744.7 $ (225.2 ) $ (80.0 ) $ (25.2 ) $ (74.4 ) $ (167.2 ) $ 2,172.7
Twelve Months Ended December 31, 2020
GAAP
Measure Amortization
of intangible
property from
acquisitions Contingent
consideration
truthful worth
adjustment Acquisition-
associated
bills Bills
incurred
from vacated
lease Inventory-based
compensation
expense Non-GAAP
measure
Price of income $ 811.8 $ (130.0 ) $ — $ — $ — $ (2.0 ) $ 679.8
Working bills
Analysis and improvement 713.7 — (359.2 ) — — (73.4 ) 281.1
Gross sales and advertising and marketing 683.5 — — — — (14.7 ) 668.8
Basic and administrative 136.0 — — (12.5 ) — (32.5 ) 91.0
Whole working bills 1,533.2 — (359.2 ) (12.5 ) — (120.6 ) 1,040.9
Whole prices and bills $ 2,345.0 $ (130.0 ) $ (359.2 ) $ (12.5 ) $ — $ (122.6 ) $ 1,720.7
Contacts
Investor Relations:
Rebecca Lau
Media Relations:
Kenny Johnston
Supply: Zynga
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