Facebook 2013 Annual Report Download - page 47

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45
Results of Operations
The following table set forth our consolidated statements of income data:
Year Ended December 31,
2013 2012 2011
(in millions)
Consolidated Statements of Income Data:
Revenue $ 7,872 $ 5,089 $ 3,711
Costs and expenses:
Cost of revenue 1,875 1,364 860
Research and development 1,415 1,399 388
Marketing and sales 997 896 393
General and administrative 781 892 314
Total costs and expenses 5,068 4,551 1,955
Income from operations 2,804 538 1,756
Interest and other expense, net (50)(44) (61)
Income before provision for income taxes 2,754 494 1,695
Provision for income taxes 1,254 441 695
Net income $ 1,500 $ 53 $ 1,000
Share-based compensation expense included in costs and expenses:
Year Ended December 31,
2013 2012 2011
(in millions)
Cost of revenue $ 42 $ 88 $ 9
Research and development 604 843 114
Marketing and sales 133 306 37
General and administrative 127 335 57
Total share-based compensation expense $ 906 $ 1,572 $ 217
The following table set forth our consolidated statements of income data (as a percentage of revenue):
Year Ended December 31,
2013 2012 2011
Consolidated Statements of Income Data:
Revenue 100% 100% 100%
Costs and expenses:
Cost of revenue 24 27 23
Research and development 18 27 10
Marketing and sales 13 18 11
General and administrative 10 18 8
Total costs and expenses 64 89 53
Income from operations 36 11 47
Interest and other expense, net (1)(1) (2)
Income before provision for income taxes 35 10 46
Provision for income taxes 16 9 19
Net income 19% 1% 27%