FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Assuming that "Cost of Revenue" is the only variable cost and using the previously calculated information, what is Facebook's Margin of Safety in 2019 (round 2 decimal places)?
- Assuming that "Cost of Revenue" is the only variable cost, what is Facebook's Magnitude of Operating Leverage for 2019 (round 2 decimal places)?
Transcribed Image Text: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, net
Income before provision for income taxes
Provision for income taxes
FACEBOOK, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)
Net income
Less: Net income attributable to participating securities
Net income attributable to Class A and Class B common stockholders
Earnings per share attributable to Class A and Class B common stockholders:
Basic
Diluted
Weighted-average shares used to compute earnings per share attributable to Class A and
Class B common stockholders:
Basic
Diluted
Share-based compensation expense included in costs and expenses:
Cost of revenue
Research and development
Marketing and sales
General and administrative
Total share-based compensation expense
$
$
$
$
$
$
2019
70,697
12,770
13,600
9,876
10,465
46,711
23,986
826
24,812
6.327
18,485 $
6.48
6.43
Year Ended December 31,
18,485 $
2,854
2,876
$
377
3,488
569
402
4,836
$
$
$
$
2018
55,838
9,355
10,273
7,846
3,451
30,925
24,913
448
25,361
3,249
22,112
(1)
22,111
7.65
7.57
2,890
2,921
284
3,022
511
335
4,152
$
$
$
$
$
$
$
2017
40,653
5,454
7,754
4,725
2,517
20.450
20,203
391
20,594
4,660
15,934
(14)
15,920
5.49
5.39
2,901
2,956
178
2,820
436
289
3,723
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