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August 31, 2015 4:44 PM ET

Internet Software and Services

Company Overview of Facebook, Inc.

Company Overview

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. The company’s products include Facebook mobile app and Website that enable people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Messenger, a mobile-to-mobile messaging application available on Android, iOS, and Windows phone devices; Instagram, a mobile application that enable people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or se...

1601 Willow Road

Menlo Park, CA 94025

United States

Founded in 2004

10,955 Employees

Phone:

650-543-4800

Key Executives for Facebook, Inc.

Founder, Chairman and Chief Executive Officer
Age: 31
Total Annual Compensation: $1.0
Chief Financial Officer
Age: 46
Total Annual Compensation: $953.1K
Chief Operating Officer and Director
Age: 45
Total Annual Compensation: $1.2M
Chief Technology Officer and Vice President of Engineering
Age: 40
Total Annual Compensation: $1.5M
Chief Product Officer
Age: 32
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2014.

Facebook, Inc. Key Developments

Facebook, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Capital Expenditure Guidance for the Full Year 2015

Facebook, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced revenue of USD 4,042 million compared to USD 2,910 million for the same period a year ago. Income from operations was USD 1,273 million compared to USD 1,390 million for the same period a year ago. Income before provision for income taxes was USD 1,273 million compared to USD 1,386 million for the same period a year ago. Net income was USD 719 million compared to USD 791 million for the same period a year ago. Net income attributable to class A and class B common stockholders were USD 715 million compared to USD 788 million for the same period a year ago. Net income attributable to class A and class B common stockholders per share, diluted was USD 0.25 compared to USD 0.30 for the same period a year ago. Net cash provided by operating activities was USD 1,880 million compared to USD 1,341 million for the same period a year ago. Purchases of property and equipment were USD 549 million compared to USD 469 million for the same period a year ago. Non-GAAP income from operations was USD 2,228 million compared to USD 1,753 million for the same period a year ago. Non-GAAP net income was USD 1,437 million compared to USD 1,122 million for the same period a year ago. Non-GAAP net income per share diluted was USD 0.50 compared to USD 0.42 for the same period a year ago. Total revenue was up 39% or 50% on a constant-currency basis. These results reflect the ongoing investments and improvements made on the quality, performance and usefulness of its services. For the six months, the company announced revenue of USD 7,586 million compared to USD 5,412 million for the same period a year ago. Income from operations was USD 2,206 million compared to USD 2,464 million for the same period a year ago. Income before provision for income taxes was USD 2,205 million compared to USD 2,460 million for the same period a year ago. Net income was USD 1,231 million compared to USD 1,433 million for the same period a year ago. Net income attributable to class A and class B common stockholders were USD 1,224 million compared to USD 1,427 million for the same period a year ago. Net income attributable to class A and class B common stockholders, diluted was USD 0.43 compared to USD 0.55 for the same period a year ago. Net cash provided by operating activities was USD 3,580 million compared to USD 2,626 million for the same period a year ago. Purchases of property and equipment were USD 1,051 million compared to USD 832 million for the same period a year ago. Non-GAAP income from operations was USD 4,068 million compared to USD 3,167 million for the same period a year ago. Non-GAAP net income was USD 2,626 million compared to USD 2,047 million for the same period a year ago. Non-GAAP net income per share diluted was USD 0.92 compared to USD 0.79 for the same period a year ago. For the third quarter of 2015, the company expects GAAP and non-GAAP tax rates to be consistent with the rates in the second quarter. Total revenue would have been approximately USD 330 million higher. The company expects 2015 capital expenditures will be in the neighborhood of USD 2.5 billion to USD 3 billion, down slightly from the prior range of USD 2.7 billion to USD 3.2 billion. The company expects amortization expenses in 2015 to be approximately USD 700 million to USD 800 million. The company anticipates full year 2015 GAAP and non-GAAP tax rates to be consistent with the rates in the second quarter.

Facebook to Open New Sustainable Data Center Campus in Texas

Facebook on July 7, 2015, broke ground on a new data center campus in Fort Worth, Texas. The campus is expected to be completed next summer and includes a 440,103-square-foot data hall and a 69,755-square-foot administrative building with offices and a cafc. Facebook then expects to add two data halls, bringing the campus total space to 1.25 million square feet. It is the fifth data center campus the company is opening and construction on the site has started. The company also has data centers in Prineville, Oregon; Forest City, North Carolina; Atoona, Iowa and Lulecc, Sweden. Facebook has committed to hiring 40 full-time employees in Fort Worth who will make an average annual salary of $70,000 and plans to add more than 100 employees in the future.

Many Potential Acquirers For Yelp

Amazon.com Inc. (NasdaqGS:AMZN); Microsoft Corporation (NasdaqGS:MSFT); Google Inc. (NasdaqGS:GOOGL); The Priceline Group Inc. (NasdaqGS:PCLN); Yahoo! Inc. (NasdaqGS:YHOO); Rakuten, Inc. (TSE:4755); Facebook, Inc. (NasdaqGS:FB); Alibaba Group Holding Limited (NYSE:BABA); Groupon, Inc. (NasdaqGS:GRPN) interested in acquiring Yelp Inc. (NYSE: YELP), Bloomberg reported

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