Facebook 2014 Annual Report Download - page 60

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FACEBOOK, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)
See Accompanying Notes to Consolidated Financial Statements.
57
Year Ended December 31,
2014
2013
2012
Revenue
$
12,466
$
7,872
$
5,089
Costs and expenses:
Cost of revenue
2,153
1,875
1,364
Research and development
2,666
1,415
1,399
Marketing and sales
1,680
997
896
General and administrative
973
781
892
Total costs and expenses
7,472
5,068
4,551
Income from operations
4,994
2,804
538
Interest and other income/(expense), net
(84
)
(50
)
(44
)
Income before provision for income taxes
4,910
2,754
494
Provision for income taxes
1,970
1,254
441
Net income
$
2,940
$
1,500
$
53
Less: Net income attributable to participating securities
15
9
21
Net income attributable to Class A and Class B common stockholders
$
2,925
$
1,491
$
32
Earnings per share attributable to Class A and Class B common stockholders:
Basic
$
1.12
$
0.62
$
0.02
Diluted
$
1.10
$
0.60
$
0.01
Weighted average shares used to compute earnings per share attributable to Class A
and Class B common stockholders:
Basic
2,614
2,420
2,006
Diluted
2,664
2,517
2,166
Share-based compensation expense included in costs and expenses:
Cost of revenue
$
62
$
42
$
88
Research and development
1,328
604
843
Marketing and sales
249
133
306
General and administrative
198
127
335
Total share-based compensation expense
$
1,837
$
906
$
1,572