Solution
Nitish Lath answered on
Apr 11 2022
Untitled Spreadsheet
Financial statements
Facebook Inc (NMS: FB)
General Company Information
Principal Office Website
1601 Willow Road Menlo Park, CA 94025 USA www.facebook.com
Phone Primary NAICS
650 543-4800 541511 : Custom Computer Programming Services
Auditor Closing Stock Price
Ernst & Young LLP 372.63 (as of 08/27/2021)
Number of Employees Incorporated
58,604 (Year End Average Staff as of 12/31/2020) July 2004 , DE, United States
Country Mergent Dividend Achieve
United States No
Exchange and Ticker Number of Shareholders
NMS : FB 3,471 (class A common record), 32 (class B common record) (as of 12/31/2020)
Primary SIC
7371 : Computer programming services
Business Summary
Facebook is building products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices. Co.'s products include: Facebook, Instagram, Messenger, WhatsApp, and
Facebook Reality Labs. Co. sells advertising placements to marketers. Co.'s ads enable marketers to reach people based on a variety of factors including age, gender, location, interests, and behaviors. Marketers purchase ads that can appear in several
places including on Facebook, Instagram, Messenger, and third-party applications and websites.
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
Vertical analysis Horizontal analysis
As Reported Annual Income Statement
Report Date 12/31/2020 12/31/2019 12/31/2018 12/31/2020 12/31/2019 12/31/2018 12/31/2020 12/31/2019
Cu
ency USD USD USD USD USD USD USD USD
Audit Status Not Qualified Not Available Not Qualified Not Qualified Not Available Not Qualified Not Qualified Not Available
Consolidated Yes Yes Yes Yes Yes Yes Yes Yes
Scale Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands
Revenue $ 85,965,000 $ 70,697,000 $ 55,838,000 100.00% 100.00% 100.00% 22% 27%
Cost of revenue $ 16,692,000 $ 12,770,000 $ 9,355,000 19.42% 18.06% 16.75% 31% 37%
Payments & other fees - - $ 825,000 NM NM 1.48%
Advertising - - $ 55,013,000 NM NM 98.52%
Research & development $ 18,447,000 $ 13,600,000 $ 10,273,000 21.46% 19.24% 18.40% 36% 32%
Marketing & sales $ 11,591,000 $ 9,876,000 $ 7,846,000 13.48% 13.97% 14.05% 17% 26%
General & administrative $ 6,564,000 $ 10,465,000 $ 3,451,000 7.64% 14.80% 6.18% -37% 203%
Total cost & expenses $ 53,294,000 $ 46,711,000 $ 30,925,000 61.99% 66.07% 55.38% 14% 51%
Income from operations $ 32,671,000 $ 23,986,000 $ 24,913,000 38.01% 33.93% 44.62% 36% -4%
Interest income, net $ 672,000 $ 924,000 $ 661,000 0.78% 1.31% 1.18% -27% 40%
Interest expense - $ 20,000 $ 9,000 NM 0.03% 0.02% 122%
Foreign cu
ency exchange gains (losses), net $ -129,000 $ -105,000 $ -213,000 -0.15% -0.15% -0.38% 23% -51%
Other income (expense) $ -34,000 $ 27,000 $ 9,000 -0.04% 0.04% 0.02% -226% 200%
Interest & other income (expense), net $ 509,000 $ 826,000 $ 448,000 0.59% 1.17% 0.80% -38% 84%
Income (loss) before provision for income taxes - domestic $ 24,233,000 $ 5,317,000 $ 8,800,000 28.19% 7.52% 15.76% 356% -40%
Income (loss) before provision for income taxes - foreign $ 8,947,000 $ 19,495,000 $ 16,561,000 10.41% 27.58% 29.66% -54% 18%
Income before provision for income taxes $ 33,180,000 $ 24,812,000 $ ...