Twitter recently presented a non-GAAP earnings disclosure that makes numerous adjustments to reported GAAP net income. The table below presents a reconciliation of Twitter's Income (loss) from continuing operations before the provision for income taxes that appears in its GAAP income statement to a non-GAAP version of this same metric. Refer to this table below and the reconciliation to answer the following questions about TWITTER INC. RECONCILIATION OF GAAP TO NON-GAAP FINANICAL STATEMENTS (In thousands, except per share data) (Unaudited) Year Ended Dec 31 2020 $ (1,135,626) 1,084,687 (50,939) 474,932 23,569 101,733 Year Ended Dec 31 2019 $ 1,465,659 (1,075,520) 390,139 378,025 16,543 113,298 Net income (loss) Exclude: Provision (benefit) for income taxes Income (loss) before income taxes Stock-based compensation expense Amortization of acquired intangible assets Non-cash interest expense related to convertible notes Impairment on investments in privately-held companies Restructuring charges Non-GAAP income before income taxes Non-GAAP provision (benefit) for income taxes (1) Non-GAAP net income (loss) 8,842 0 (8,611) (217) 558,137 1,246,706 889.177 (970,493) $ (688,569) $ 1,859,670 a. What is the dollar amount (in thousands) of the difference between GAAP and non-GAAP Income (loss) from continuing operations before the provision for income taxes for Twitter for the year ended December 2019? b. Using the information in Twitter's GAPP to non-GAAP measure reconciliation table, which items would be considered as Non-Cash items? What is total of these items for the year ended December 2019? c. Using the information in Twitter's GAAP to non-GAAP reconciliation, which items would be considered Non-Recurring? What is the total of these items for the year ended December 2019? d. Select one of the non-cash items that Twitter has chosen to remove and discuss why Twitter might believe that excluding this item would be useful to their investors? e. Select one of the non-recurring items that Twitter has chosen to remove and discuss why Twitter might believe that excluding this item would be useful to their investors? Please provide all responses in the text box below and please copy and paste the appropriate part of the question and label your answers carefully, so I know which of the five questions above you are answering. Twitter recently presented a non-GAAP earnings disclosure that makes numerous adjustments to reported GAAP net income. The table below presents a reconciliation of Twitter's Income (loss) from continuing operations before the provision for income taxes that appears in its GAAP income statement to a non-GAAP version of this same metric. Refer to this table below and the reconciliation to answer the following questions about TWITTER INC. RECONCILIATION OF GAAP TO NON-GAAP FINANICAL STATEMENTS (In thousands, except per share data) (Unaudited) Year Ended Dec 31 2020 $ (1,135,626) 1,084,687 (50,939) 474,932 23,569 101,733 Year Ended Dec 31 2019 $ 1,465,659 (1,075,520) 390,139 378,025 16,543 113,298 Net income (loss) Exclude: Provision (benefit) for income taxes Income (loss) before income taxes Stock-based compensation expense Amortization of acquired intangible assets Non-cash interest expense related to convertible notes Impairment on investments in privately-held companies Restructuring charges Non-GAAP income before income taxes Non-GAAP provision (benefit) for income taxes (1) Non-GAAP net income (loss) 8,842 0 (8,611) (217) 558,137 1,246,706 889.177 (970,493) $ (688,569) $ 1,859,670 a. What is the dollar amount (in thousands) of the difference between GAAP and non-GAAP Income (loss) from continuing operations before the provision for income taxes for Twitter for the year ended December 2019? b. Using the information in Twitter's GAPP to non-GAAP measure reconciliation table, which items would be considered as Non-Cash items? What is total of these items for the year ended December 2019? c. Using the information in Twitter's GAAP to non-GAAP reconciliation, which items would be considered Non-Recurring? What is the total of these items for the year ended December 2019? d. Select one of the non-cash items that Twitter has chosen to remove and discuss why Twitter might believe that excluding this item would be useful to their investors? e. Select one of the non-recurring items that Twitter has chosen to remove and discuss why Twitter might believe that excluding this item would be useful to their investors? Please provide all responses in the text box below and please copy and paste the appropriate part of the question and label your answers carefully, so I know which of the five questions above you are answering
