Facebook 2012 Annual Report Download - page 75

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FACEBOOK, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)
Year Ended December 31,
2012 2011 2010
Revenue ............................................................. $5,089 $3,711 $1,974
Costs and expenses:
Cost of revenue .................................................... 1,364 860 493
Research and development ........................................... 1,399 388 144
Marketing and sales ................................................ 896 393 167
General and administrative .......................................... 892 314 138
Total costs and expenses ....................................... 4,551 1,955 942
Income from operations ................................................ 538 1,756 1,032
Interest and other income (expense), net:
Interest expense ................................................... (51) (42) (22)
Other income (expense), net .......................................... 7 (19) (2)
Income before provision for income taxes ................................... 494 1,695 1,008
Provision for income taxes ............................................... 441 695 402
Net income ........................................................... $ 53 $1,000 $ 606
Less: Net income attributable to participating securities ........................ 21 332 234
Net income attributable to Class A and Class B common stockholders ......... $ 32 $ 668 $ 372
Earnings per share attributable to Class A and Class B common stockholders:
Basic ............................................................ $ 0.02 $ 0.52 $ 0.34
Diluted .......................................................... $ 0.01 $ 0.46 $ 0.28
Weighted average shares used to compute earnings per share attributable to
Class A and Class B common stockholders:
Basic ............................................................ 2,006 1,294 1,107
Diluted .......................................................... 2,166 1,508 1,414
Share-based compensation expense included in costs and expenses:
Cost of revenue .................................................... $ 88 $ 9 $ —
Research and development ........................................... 843 114 9
Marketing and sales ................................................ 306 37 2
General and administrative .......................................... 335 57 9
Total share-based compensation expense ........................... $1,572 $ 217 $ 20
See Accompanying Notes to Consolidated Financial Statements.
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