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Quarterly Results of Operations Data
The following tables set forth our unaudited quarterly consolidated statements of income data in dollars and as a percentage of total revenue for
each of the eight quarters in the period ended December 31, 2014
. We have prepared the quarterly consolidated statements of income data on a basis
consistent with the audited consolidated financial statements included in Part II, Item 8, "Financial Statements and Supplementary Data" in this Annual
Report on Form 10-
K. In the opinion of management, the financial information reflects all adjustments, consisting only of normal recurring adjustments,
which we consider necessary for a fair presentation of this data. This information should be read in conjunction with the audited consolidated financial
statements and related notes included in Part II, Item 8, "Financial Statements and Supplementary Data" in this Annual Report on Form 10-
K. The
results of historical periods are not necessarily indicative of the results of operations for any future period.
47
Three Months Ended
Dec 31,
2014
Sep 30,
2014
Jun 30,
2014
Mar 31,
2014
Dec 31,
2013
Sep 30,
2013
Jun 30,
2013
Mar 31,
2013
(in millions)
Consolidated Statements of Income Data:
Revenue:
Advertising
$
3,594
$
2,957
$
2,676
$
2,265
$
2,344
$
1,798
$
1,599
$
1,245
Payments and other fees
257
246
234
237
241
218
214
213
Total revenue
3,851
3,203
2,910
2,502
2,585
2,016
1,813
1,458
Costs and expenses:
Cost of revenue
653
565
473
462
491
507
465
413
Research and development
1,111
608
492
455
408
369
344
293
Marketing and sales
624
374
358
323
292
233
269
203
General and administrative
330
259
197
187
261
171
173
176
Total costs and expenses
(1)
2,718
1,806
1,520
1,427
1,452
1,280
1,251
1,085
Income from operations
1,133
1,397
1,390
1,075
1,133
736
562
373
Interest and other income/(expense), net
(19
)
(61
)
(4
)
—
(
3
)
(10
)
(17
)
(20
)
Income before provision for income taxes
1,114
1,336
1,386
1,075
1,130
726
545
353
Provision for income taxes
413
530
595
433
607
301
212
134
Net income
$
701
$
806
$
791
$
642
$
523
$
425
$
333
$
219
Less: Net income attributable to participating
securities
5
4
3
3
3
3
2
2
Net income attributable to Class A and Class B
common stockholders
$
696
$
802
$
788
$
639
$
520
$
422
$
331
$
217
Earnings per share attributable to Class A and
Class B common stockholders:
Basic
$
0.25
$
0.31
$
0.31
$
0.25
$
0.21
$
0.17
$
0.14
$
0.09
Diluted
$
0.25
$
0.30
$
0.30
$
0.25
$
0.20
$
0.17
$
0.13
$
0.09