Facebook 2012 Annual Report Download - page 69

We anticipate making capital expenditures in 2013 of approximately $1.8 billion.
Cash Provided by Financing Activities
In May 2012, we received $6.8 billion in proceeds from our IPO, net of offering costs. Our financing
activities have primarily consisted of equity issuances, lease financing, and debt financing. Net cash provided by
financing activities was $6.28 billion and $1.2 billion, in 2012 and 2011, respectively, and included excess tax
benefits from stock award activities of $1.03 billion and $433 million for the same periods, respectively. In 2012,
our net cash provided by financing activities included the draw down of $1.5 billion from the Amended and
Restated Term Loan. We did not have a loan draw down in 2011. In the fourth quarter of 2012, we paid $2.86
billion of taxes related to the net settlement of RSUs when the Pre-2011 RSUs were vested and settled.
In January 2011, we completed an offering of our Class A common stock to certain non-U.S. investors that
generated $998 million in net proceeds. In December 2010, we completed an offering of our Class A common
stock that generated $500 million in proceeds.
In March 2010, we entered into a credit facility with certain lenders. This facility allowed for the draw down
of up to $250 million in unsecured senior loans. In April 2010, we drew down the full amount available under the
facility, and in March 2011, we repaid the entire $250 million balance.
Off-Balance Sheet Arrangements
We did not have any off-balance sheet arrangements as of December 31, 2012.
Contractual Obligations
Our principal commitments consist of obligations under capital and operating leases for equipment and
office and data center facilities. The following table summarizes our commitments to settle contractual
obligations in cash as of December 31, 2012.
Payment Due by Period
Total
Less than
1 Year 1-3 Years 3-5 Years
More than
5 Years
Operating lease obligations ....................... $ 851 $ 142 $ 245 $ 212 $ 252
Capital lease obligations ......................... 979 398 403 35 143
Other contractual commitments(1) .................. 749 659 71 19 —
Long-term debt(2) .............................. 1,562 22 1,540 — —
Total contractual obligations ................. $4,141 $1,221 $2,259 $ 266 $ 395
(1) Other contractual commitments primarily relate to equipment and supplies for our data center operations, and, to a lesser extent,
construction commitments related to our data center sites.
(2) Long-term debt relates to the draw down of our Amended and Restated Term Loan of $1.5 billion including the estimated future interest
payments using a fixed rate of 1.46%, which represented our effective interest rate after we entered into an interest rate swap agreement.
In addition, our other liabilities include $100 million related to uncertain tax positions as of December 31,
2012. Due to uncertainties in the timing of the completion of tax audits, the timing of the resolution of these
positions is uncertain and we are unable to make a reasonably reliable estimate of the timing of payments in
individual years beyond 12 months. As a result, this amount is not included in the above table.
Contingencies
We are involved in claims, lawsuits, government investigations, and proceedings. We record a provision for
a liability when we believe that it is both probable that a liability has been incurred, and the amount can be
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