August 25, 2016 10:41 AM ET

Internet Software and Services

Company Overview of Facebook, Inc.

Company Overview

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus ...

1601 Willow Road

Menlo Park, CA 94025

United States

Founded in 2004

14,495 Employees

Phone:

650-543-4800

Key Executives for Facebook, Inc.

Founder, Chairman of the Board and Chief Executive Officer
Age: 32
Total Annual Compensation: $1.0
Chief Financial Officer and Member of Equity Subcommittee
Age: 47
Total Annual Compensation: $1.3M
Chief Operating Officer, Director and Member of Equity Subcommittee
Age: 46
Total Annual Compensation: $2.0M
Chief Technology Officer and Vice President of Engineering
Age: 41
Total Annual Compensation: $1.6M
Chief Product Officer
Age: 33
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2015.

Facebook, Inc. Key Developments

Facebook Opens New Hardware Lab

Facebook opened a new hardware lab as part of its broader ambitions to connect people through smart gadgets, virtual-reality headsets and high-flying drones that deliver internet signals. The company sees hardware as an important part of its future.

Facebook Reportedly To Acquire Prisma

Facebook, Inc. (NasdaqGS:FB) to reportedly acquire Prisma. Prisma labs inc. co-founder Alexey Moiseenkov reportedly visited Silicon Valley for a private meeting with Facebook, sparking rumours of a possible acquisition.

Facebook, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months and Operating Results for the Second Quarter Ended June 30, 2016; Provides Capital Capital Expenditures and Tax Guidance for the Full Year 2016

Facebook, Inc. announced unaudited consolidated earnings results for the second quarter and six months and operating results for the second quarter ended June 30, 2016. For the quarter, the company reported revenue was $6,436 million against $4,042 million a year ago. Income from operations was $2,746 million against $1,273 million a year ago. Income before income taxes was $2,766 million against $1,273 million a year ago. Net income attributable to Class A and Class B common stockholders was $2,048 million against $715 million a year ago. Diluted earnings per share were $0.71 against $0.25 a year ago. Net cash provided by operating activities was $3,198 million against $1,880 million a year ago. Purchases of property and equipment were $995 million against $549 million a year ago. Non-GAAP income from operations was $3,764 million against $2,278 million a year ago. Non-GAAP net income was $2,821 million against $1,437 million a year ago. Non-GAAP diluted earnings per share were $0.97 against $0.50 a year ago. Non-GAAP income before provision for income taxes was $3,784 million against $2,228 million a year ago. For the six months, the company reported revenue was $11,818 million against $7,586 million a year ago. Income from operations was $4,754 million against $2,206 million a year ago. Income before income taxes was $4,832 million against $2,205 million a year ago. Net income attributable to Class A and Class B common stockholders was $3,553 million against $1,224 million a year ago. Diluted earnings per share were $1.23 against $0.43 a year ago. Net cash provided by operating activities was $6,181 million against $3,580 million a year ago. Purchases of property and equipment were $2,127 million against $1,051 million a year ago. Non-GAAP income from operations was $6,740 million against $4,068 million a year ago. Non-GAAP net income was $5,050 million against $2,626 million a year ago. Non-GAAP diluted earnings per share were $1.74 against $0.92 a year ago. Non-GAAP income before provision for income taxes was $6,818 million against $4,067 million a year ago. Total capital expenditures totaled $2.1 billion, driven by investments in data centers, servers, office buildings and network infrastructure. The company generated over $4 billion in free cash flow in the first half of 2016. For the quarter, the company reported daily active users (DAUs) were 1.13 billion on average for June 2016, an increase of 17% year-over-year. Mobile DAUs were 1.03 billion on average for June 2016, an increase of 22% year-over-year. Monthly active users (MAUs) were 1.71 billion as of June 30, 2016, an increase of 15% year-over-year. Mobile MAUs were 1.57 billion as of June 30, 2016, an increase of 20% year-over-year. For the full year 2016, the company expects that total GAAP expense growth will be approximately 30% to 35%, narrowed from prior range of 30% to 40%. Amortization expenses to be approximately $700 million to $800 million. Accordingly, the company anticipates that total non-GAAP expenses which exclude stock-based compensation and amortization will grow in the range of 45% to 50%, narrowed from prior range of 45% to 55%. The company anticipates full year 2016 capital expenditures will be approximately $4.5 billion, as the company invests to support the rapid growth of business. Finally, third quarter and full year 2016 tax rates will be similar to second quarter rates.

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