Facebook 2013 Annual Report Download - page 78

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76
Note 7. Goodwill and Intangible Assets
The changes in carrying amount of goodwill for the years ended December 31, 2013 and 2012 are as follows (in millions):
Balance as of December 31, 2011 $ 82
Goodwill acquired 505
Balance as of December 31, 2012 587
Goodwill acquired 252
Balance as of December 31, 2013 $ 839
Intangible assets consist of the following (in millions):
December 31, 2013 December 31, 2012
Useful lives
from date of
acquisitions
(in years)
Gross
Carrying
Amount Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount Accumulated
Amortization
Net
Carrying
Amount
Amortizable intangible assets:
Acquired patents 2 - 18 $ 773 $ (142) $ 631 $ 684 $ (53) $ 631
Acquired technology 2 - 10 227 (65) 162 133 (32) 101
Tradename and other 2 - 10 138 (48) 90 94 (25) 69
Total $ 1,138 $ (255) $ 883 $ 911 $ (110) $ 801
Amortization expense of intangible assets for the years ended December 31, 2013, 2012, and 2011 was $145 million, $78 million,
and $20 million, respectively.
As of December 31, 2013, expected amortization expense for the unamortized acquired intangible assets for the next five years
and thereafter is as follows (in millions):
2014 $ 160
2015 150
2016 138
2017 116
2018 82
Thereafter 237
Total $ 883
Note 8. Liabilities
The components of accrued expenses and other current liabilities are as follows (in millions):
December 31,
2013 2012
Accrued property and equipment $ 87 $ 46
Accrued compensation and benefits 196 146
Other current liabilities 272 231
Accrued expenses and other current liabilities $ 555 $ 423