Analyze using Vertical Method Horizontal Method Ratios

TWITTER, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, Cash flows from operating activities Net income (loss) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization expense Stock-based compensation expense Amortization of discount on convertible notes Bad debt expense Deferred income taxes Deferred tax assets establishment related to intra-entity transfers of intangible assets Deferred tax assets valuation allowance establishment Impairment (gain) on investments in privately-held companies Other adjustments Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions: Accounts receivable Prepaid expenses and other assets Operating lease right-of-use assets Accounts payable Accrued and other liabilities Net cash provided by operating activities Cash flows from investing activities Purchases of property and equipment TWITTER, INC. TWITTER, INC. CONSOLIDATED STATEMENTS OF OPERATIONS TWITTER, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except par value) Assets Current assets: TWITTER, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, Cash flows from operating activities Net income (loss) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization expense Stock-based compensation expense Amortization of discount on convertible notes Bad debt expense Deferred income taxes Deferred tax assets establishment related to intra-entity transfers of intangible assets Deferred tax assets valuation allowance establishment Impairment (gain) on investments in privately-held companies Other adjustments Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions: Accounts receivable Prepaid expenses and other assets Operating lease right-of-use assets Accounts payable Accrued and other liabilities Net cash provided by operating activities Cash flows from investing activities Purchases of property and equipment TWITTER, INC. TWITTER, INC. CONSOLIDATED STATEMENTS OF OPERATIONS TWITTER, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except par value) Assets Current assets