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TWITTER, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share 2019 3,459,329 2018 3,042,359 $ $ Revenue Costs and expenses Cost of revenue Research

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TWITTER, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share 2019 3,459,329 2018 3,042,359 $ $ Revenue Costs and expenses Cost of revenue Research and development Sales and marketing General and administrative Total costs and expenses Earnings before interest and taxes Interest expense Interest income Other income (expense), net Income (loss) before income taxes 1,137,041 682,281 913,813 359,821 3,092,956 366,373 -138,180 157,703 4,243 390,139 964,997 553,858 771,361 298,818 2,589,034 453,325 -132,606 111,221 -8,396 423,544 Provision (benefit) for income taxes -1,075,520 -782,052 Net income (loss) $ 1,465,659 $ 1,205,596 TWITTER, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except par value) December 31, 2019 December 31. 2018 December 31. 2017 Assets Current assets: Cash and cash equivalents $ 1,799,082 $ 1,894,444 $ 1,638,413 2,764,689 4,839,970 850,184 4,314,957 788,700 664,268 Short-term investments Accounts receivable, net of allowance for doubtful accounts of $2,401 and $3,559 Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease right-of-use assets Intangible assets, net Goodwill Deferred tax assets, net 112,935 7. 111,036 885,078 254,514 5,321,884 773,715 130,839 7,620,075 1,031,781 697,095 55,106 1,256,699 1,908,086 45,025 1,227,269 808,459 49,654 1,188,935 10,455 850,184 788,700 664,268 112,935 7,111,036 885,078 254,514 5,321,884 773,715 Accounts receivable, net of allowance for doubtful accounts of $2,401 and $3,559 Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease right-of-use assets Intangible assets, net Goodwill Deferred tax assets, net Other assets Total assets 130,839 7,620,075 1,031,781 697,095 55,106 1,256,699 1,908,086 134.547 12,703,389 45,025 1,227,269 808,459 85,705 10,162,572 49,654 1,188,935 10,455 67,834 7412477 $ 161,148 500,893 145,186 405,751 897,328 170969 327,333 Liabilities and stockholders' equity Current liabilities: Accounts payable Accrued and other current liabilities Convertible notes, short-term Operating lease liabilities, short-term Finance lease liabilities, short-term Total current liabilities Convertible notes, long-term Senior notes, long-term Operating lease liabilities, long-term Finance lease liabilities, long-term Deferred and other long-term tax liabilities, net 68,046 1,516,311 1,730,922 146,959 23,476 832,476 1,816,833 691,967 609,245 205 24,170 84,976 583,278 1,627,460 24,394 17,849 81,308 13,240 24.107 67,502 59,973 2,365,259 3,999,003 3,356,978 4 4 Other long-term liabilities Total liabilities Commitments and contingencies (Note 16) Stockholders' equity: Preferred stock, $0.000005 par value- 200,000 shares authorized; none issued and outstanding Common stock, $0.000005 par value-- 5,000,000 shares authorized; 779,619 and 764,257 shares issued and outstanding Additional paid-in capital Accumulated other comprehensive loss Retained earnings (accumulated deficit) Total stockholders' equity Total liabilities and stockholders' equity 7,750,522 -31,579 8,763,330 -70.534 11,586 8,704,386 12,703,389 8,324,974 -65,311 -1,454,073 6,805,594 10,162,572 5,047,218 7412477 witter Ratios Liquidity and Efficiency Ratios: Most Current Year Previous Year Current Rat Current Assets Current Liabilities #DIVIO! = #DIVO! Acid-Test F Cash + Short-term Investments + Receivables Current Liabilities #DIV/O! #DIV/0! AR Turnover Net Sales Avg. Accounts Receivable = #DIV0! #DIVO! This year AR Last year AR Last year AR AIR 2 years ago Avg. AIR Calculation INOO Inventory Turnov Cost of Goods Sold Avg. Inventory = #DIVO! #DIVO! 0 Last year inventory inventory 2 years ago 0 Last year inventory This year inventory Avg. Inventory Calculation Total Asset Turni Net Sales Avg. Total Assets = #DIVO! = #DIVO! 0 This year total assets Last year total assets 0 Last year total asse total assets 2 years ago Avg. Total Assets Calculation Solvency Ratios: Debt Ratio Total Liabilities Total Assets #DIVO! #DIVO! Times Interest Ec Earnings before Interest and Taxes Interest Expense = #DIV/0! = #DIVO! Profitability Ratios: Profit Margin Rat Net Income Net Sales #DIVIO! #DIVO! Gross Profit Ratic Gross Profit Net Sales = #DIVIO! #DIVIO! .... Return on Assets Net Income Avg. Total Assets = #DIVO! #DIVO! calculated from above U Return on Equity Net Income Avg. Stockholders' Equity #DIVIO! #DIVIO! 0 This year total equity Last year total equity 0 This year total equi Last year total equity

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