FACEBOOK INC. Consolidated Statement of Income For Year Ended December 31, $ millions Revenue Costs and...
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FACEBOOK INC. Consolidated Statement of Income For Year Ended December 31, $ millions Revenue Costs and expenses Cost of revenue Research and development Marketing and sales General and administrative Total costs and expenses Income from operations Interest and other income (expense), net Income before provision for income taxes Provision for income taxes Net income 2018 $55,838 9,355 10,273 7,846 3,451 30,925 24,913 448 25,361 3,249 $22,112 At December 31, $ millions Current assets FACEBOOK INC. Consolidated Balance Sheet Cash and cash equivalents Marketable securities Accounts receivable, net Prepaid expenses and other current assets Total current assets Property and equipment, net Intangible assets, net Goodwill Other assets Total assets Current liabilities Other liabilities Total liabilities 2018 2017 Accounts payable $820 $380 Partners payable 541 390 2,892 Accrued expenses and other current liabilities 5,509 Deferred revenue and deposits 147 98 Total current liabilities 7,017 3,760 6,190 6,417 13,207 10,177 Stockholders' equity Common stock and additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Combined federal and state statutory tax rate $10,019 $8,079 31,095 33,632 7,587 5,832 1,779 1,020 50,480 48,563 24,683 13,721 1,294 1,884 18,301 18,221 2,576 2,135 $97,334 $84,524 42,906 40,584 (760) (227) 41,981 33,990 84,127 74,347 $97,334 $84,524 22% a. Compute net operating profit after tax (NOPAT) for 2018. Ass $ NOPAT 21,762.56 ✔ b. Compute net operating assets (NOA) for 2018 and 2017. NOA 43,013 ✔ 32,636 Year 2018 $ 2017 $ FACEBOOK INC. Consolidated Statement of Income For Year Ended December 31, $ millions Revenue Costs and expenses Cost of revenue Research and development Marketing and sales General and administrative Total costs and expenses Income from operations Interest and other income (expense), net Income before provision for income taxes Provision for income taxes Net income 2018 $55,838 9,355 10,273 7,846 3,451 30,925 24,913 448 25,361 3,249 $22,112 At December 31, $ millions Current assets FACEBOOK INC. Consolidated Balance Sheet Cash and cash equivalents Marketable securities Accounts receivable, net Prepaid expenses and other current assets Total current assets Property and equipment, net Intangible assets, net Goodwill Other assets Total assets Current liabilities Other liabilities Total liabilities 2018 2017 Accounts payable $820 $380 Partners payable 541 390 2,892 Accrued expenses and other current liabilities 5,509 Deferred revenue and deposits 147 98 Total current liabilities 7,017 3,760 6,190 6,417 13,207 10,177 Stockholders' equity Common stock and additional paid-in capital Accumulated other comprehensive loss Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Combined federal and state statutory tax rate $10,019 $8,079 31,095 33,632 7,587 5,832 1,779 1,020 50,480 48,563 24,683 13,721 1,294 1,884 18,301 18,221 2,576 2,135 $97,334 $84,524 42,906 40,584 (760) (227) 41,981 33,990 84,127 74,347 $97,334 $84,524 22% a. Compute net operating profit after tax (NOPAT) for 2018. Ass $ NOPAT 21,762.56 ✔ b. Compute net operating assets (NOA) for 2018 and 2017. NOA 43,013 ✔ 32,636 Year 2018 $ 2017 $
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a NOPAT Income from operations 1 tax rate 24913 1022 24913 078 1943214 b NOA ... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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