Facebook’s income statement is provided in Exhibit 3. Note that the firm’s net income more than doubled in 2014. Facebook’s balance sheet is provided in Exhibit 4. Note the company’s goodwill more than doubled, partly because Facebook in 2014 acquired the messaging service WhatsApp for $19 billion.
Exhibit 3
Facebook’s Income Statements (in millions of USD)
Report Date
December 31, 2014
December 31, 2013
Revenues
$12,466
$7,872
Operating expenses
7,472
5,068
EBIT
4,994
2,804
Interest
84
50
Other income (loss)
—
—
EBT
4,910
2,754
Tax
1,970
1,254
Income from continuing operations
2,940
1,500
Other items
(15)
(9)
Net income
2,925
1,491
Source: Based on Facebook’s 2014 Annual Report Page 57 and Yahoo Finance.
Exhibit ...
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