Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Twitter Inc., adjusted current assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Current assets	7,918,370)	8,637,108)	7,620,075)	7,111,036)	5,321,884)
Adjustments
Add: Allowance for doubtful accounts	15,278)	16,946)	2,401)	3,559)	5,430)
After Adjustment
Adjusted current assets	7,933,648)	8,654,054)	7,622,476)	7,114,595)	5,327,314)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Twitter Inc., adjusted total assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Total assets	14,059,516)	13,379,090)	12,703,389)	10,162,572)	7,412,477)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	770,826)	546,426)
Add: Allowance for doubtful accounts	15,278)	16,946)	2,401)	3,559)	5,430)
Less: Deferred tax assets²	1,148,573)	796,326)	1,908,086)	808,459)	10,455)
After Adjustment
Adjusted total assets	12,926,221)	12,599,710)	10,797,704)	10,128,498)	7,953,878)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Twitter Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Current liabilities	1,343,867)	1,952,826)	832,476)	1,516,311)	583,278)
Adjustments
Less: Current deferred revenue	78,541)	58,976)	68,987)	38,949)	27,824)
After Adjustment
Adjusted current liabilities	1,265,326)	1,893,850)	763,489)	1,477,362)	555,454)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Twitter Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Total liabilities	6,752,317)	5,409,008)	3,999,003)	3,356,978)	2,365,259)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	770,826)	546,426)
Less: Deferred tax liabilities (included in Deferred and other long-term tax liabilities, net)²	972)	1,030)	826)	—)	238)
Less: Deferred revenue	79,414)	62,191)	69,000)	38,949)	27,824)
After Adjustment
Adjusted total liabilities	6,671,931)	5,345,787)	3,929,177)	4,088,855)	2,883,623)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities (included in Deferred and other long-term tax liabilities, net). See details »

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Twitter Inc., adjusted stockholders’ equity

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Stockholders’ equity	7,307,199)	7,970,082)	8,704,386)	6,805,594)	5,047,218)
Adjustments
Less: Net deferred tax assets¹	1,147,601)	795,296)	1,907,260)	808,459)	10,217)
Add: Allowance for doubtful accounts	15,278)	16,946)	2,401)	3,559)	5,430)
Add: Deferred revenue	79,414)	62,191)	69,000)	38,949)	27,824)
After Adjustment
Adjusted stockholders’ equity	6,254,290)	7,253,923)	6,868,527)	6,039,643)	5,070,255)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ Net deferred tax assets. See details »

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Twitter Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Convertible notes, short-term	—)	917,866)	—)	897,328)	—)
Finance lease liabilities, short-term	—)	567)	23,476)	68,046)	84,976)
Convertible notes, long-term	3,559,023)	1,875,878)	1,816,833)	1,730,922)	1,627,460)
Senior notes, long-term	693,996)	692,994)	691,967)	—)	—)
Finance lease liabilities, long-term	—)	—)	205)	24,394)	81,308)
Total reported debt	4,253,019)	3,487,305)	2,532,481)	2,720,690)	1,793,744)
Stockholders’ equity	7,307,199)	7,970,082)	8,704,386)	6,805,594)	5,047,218)
Total reported capital	11,560,218)	11,457,387)	11,236,867)	9,526,284)	6,840,962)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	770,826)	546,426)
Add: Operating lease liabilities, short-term²	222,346)	177,147)	146,959)	—)	—)
Add: Operating lease liabilities, long-term³	1,071,209)	819,748)	609,245)	—)	—)
Adjusted total debt	5,546,574)	4,484,200)	3,288,685)	3,491,516)	2,340,170)
Adjustments to Equity
Less: Net deferred tax assets⁴	1,147,601)	795,296)	1,907,260)	808,459)	10,217)
Add: Allowance for doubtful accounts	15,278)	16,946)	2,401)	3,559)	5,430)
Add: Deferred revenue	79,414)	62,191)	69,000)	38,949)	27,824)
Adjusted stockholders’ equity	6,254,290)	7,253,923)	6,868,527)	6,039,643)	5,070,255)
After Adjustment
Adjusted total capital	11,800,864)	11,738,123)	10,157,212)	9,531,159)	7,410,425)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities, short-term. See details »

³ Operating lease liabilities, long-term. See details »

⁴ Net deferred tax assets. See details »

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Twitter Inc., adjusted revenue

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Revenue	5,077,482)	3,716,349)	3,459,329)	3,042,359)	2,443,299)
Adjustment
Add: Increase (decrease) in deferred revenue	17,223)	(6,809)	30,051)	11,125)	(5,835)
After Adjustment
Adjusted revenue	5,094,705)	3,709,540)	3,489,380)	3,053,484)	2,437,464)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Twitter Inc., adjusted net income (loss)

US$ in thousands

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
As Reported
Net income (loss)	(221,409)	(1,135,626)	1,465,659)	1,205,596)	(108,063)
Adjustments
Add: Deferred income tax expense (benefit)¹	(228,774)	1,064,396)	(1,122,511)	(801,720)	(6,415)
Add: Increase (decrease) in allowance for doubtful accounts	(1,668)	14,545)	(1,158)	(1,871)	(1,786)
Add: Increase (decrease) in deferred revenue	17,223)	(6,809)	30,051)	11,125)	(5,835)
Add: Net change in accumulated other comprehensive income (loss)	(51,226)	4,440)	(5,223)	(33,732)	37,674)
After Adjustment
Adjusted net income (loss)	(485,854)	(59,054)	366,818)	379,398)	(84,425)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

¹ Deferred income tax expense (benefit). See details »

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Twitter Inc. (NYSE:TWTR)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income