Pinterest (NYSE:PINS) EBIT

: $-312 Mil (TTM As of Mar. 2023)

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Pinterest's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-244 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-312 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pinterest's annualized ROC % for the quarter that ended in Mar. 2023 was -133.23%. Pinterest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -182.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pinterest's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -2.24%.

Pinterest EBIT Historical Data

The historical data trend for Pinterest's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pinterest Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

-61.57

-1,358.70

-126.39

330.39

-70.73

Pinterest Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT																-3.67	-31.14	-60.06	23.04	-243.69

Pinterest EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-312 Mil.

Pinterest (NYSE:PINS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Pinterest's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-974.744 * ( 1 - 4.52% )	/	( (882.392	+	514.77)	/ 2 )
=	-930.6855712	/	698.581
=	-133.23 %

where

	Invested Capital		(Q: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3862.73	-	282.111	-	( 2698.227	-	max(0, 380.531	-	3454.677	+	2698.227	))
=	882.392

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3566.422	-	321.923	-	( 2729.729	-	max(0, 321.923	-	3298.388	+	2729.729	))
=	514.77

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Pinterest's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-974.744	/	( ( (265.828 + max(426.193, 0))	+	(127.878 + max(246.736, 0)) )	/	2 )
=	-974.744	/	( ( 692.021	+	374.614 )	/	2 )
=	-974.744	/	533.3175
=	-182.77 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(681.532	+	0	+	74.918)	-	(282.111	+	0	+	48.146)
=	426.193

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(487.964	+	0	+	80.695)	-	(321.923	+	0	+	0)
=	246.736

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Pinterest's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-311.843	/	13908.322
	=	-2.24 %

Pinterest EBIT Related Terms

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Pinterest (NYSE:PINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Pinterest Inc (NYSE:PINS) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

PINS:Mexico P2IN34:Brazil

Address

505 Brannan Street, San Francisco, CA, USA, 94107

Website

https://www.pinterest.com

Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its more than 365 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.

Executives

Marc Steinberg	director	600 STEAMBOAT ROAD, 3RD FLOOR, GREENWICH CT 06830
Wanjiku Juanita Walcott	officer: Chief Legal Officer	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
William J Ready	director, officer: Chief Executive Officer	C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Andrea Acosta	officer: Chief Accounting Officer	C/O BIOMARIN PHARMACEUTICAL INC., 770 LINDARO ST, SAN RAFAEL CA 94901
Naveen Gavini	officer: SVP, Products	505 BRANNAN ST., SAN FRANCISCO CA 94107
Salaam Coleman	director	505 BRANNAN ST., SAN FRANCISCO CA 94701
Andrea M Wishom	director	651 BRANNAN ST., SAN FRANCISCO CA 94107
L Michelle Wilson	director	PO BOX 81226, SEATTLE WA 98108-1226
Jeremy S. Levine	director	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Fredric G Reynolds	director	CBS CORPORATION, 51 WEST 52ND STREET, NEW YORK NY 10019
Leslie J Kilgore	director	121 ALBRIGHT WAY, LOS GATOS CA 95032
Gokul Rajaram	director	301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701
Jeffrey D Jordan	director	2865 SAND HILL ROAD #101, MENLO PARK CA 94025
Evan Sharp	director, officer: Co-Founder & Chief Design & Cr	505 BRANNAN STREET, SAN FRANCISCO CA 94107
Benjamin Silbermann	director, 10 percent owner, officer: Chairman, President, CEO, Co-F	505 BRANNAN STREET, SAN FRANCISCO CA 94107