Facebook Inc (FB) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Facebook Reports Fourth Quarter and Full Year 2019 Results

MENLO PARK, Calif. – January 29, 2020 – Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2019.

"We had a good quarter and a strong end to the year as our community and business continue to grow," said Mark Zuckerberg, Facebook founder and CEO. "We remain focused on building services that help people stay connected to those they care about."

Fourth Quarter and Full Year 2019 Financial Highlights



	Three Months Ended December 31,						Year-over-Year % Change	Year Ended December 31,						Year-over-Year % Change
In millions, except percentages and per share amounts	2019			2018			Year-over-Year % Change	2019			2018			Year-over-Year % Change
Revenue:
Advertising	$	20,736		$	16,640		25%	$	69,655		$	55,013		27%
Other	346			274			26%	1,042			825			26%
Total revenue	21,082			16,914			25%	70,697			55,838			27%
Total costs and expenses	12,224			9,094			34%	46,711			30,925			51%
Income from operations	$	8,858		$	7,820		13%	$	23,986		$	24,913		(4)%
Operating margin	42		%	46		%		34		%	45		%
Provision for income taxes	$	1,820		$	1,089		67%	$	6,327		$	3,249		95%
Effective tax rate	20		%	14		%		25		%	13		%
Net income	$	7,349		$	6,882		7%	$	18,485		$	22,112		(16)%
Diluted earnings per share (EPS)	$	2.56		$	2.38		8%	$	6.43		$	7.57		(15)%

Fourth Quarter and Full Year 2019 Operational and Other Financial Highlights


•	Facebook daily active users (DAUs) – DAUs were 1.66 billion on average for December 2019, an increase of 9% year-over-year.


•	Facebook monthly active users (MAUs) – MAUs were 2.50 billion as of December 31, 2019, an increase of 8% year-over-year.


•	Family daily active people (DAP) – DAP was 2.26 billion on average for December 2019, an increase of 11% year-over-year.


•	Family monthly active people (MAP) – MAP was 2.89 billion as of December 31, 2019, an increase of 9% year-over-year.


•	Capital expenditures – Capital expenditures, including principal payments on finance leases, were $4.24 billion and $15.65 billion for the fourth quarter and full year 2019, respectively.


•	Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $54.86 billion as of December 31, 2019.


•	Headcount – Headcount was 44,942 as of December 31, 2019, an increase of 26% year-over-year.

Our Family metrics represent our estimates of the underlying number of unique people using one or more of Facebook, Instagram, Messenger, and/or WhatsApp (collectively, our "Family" of products). We define a DAP as a registered and logged-in user of one or more Family products who visited at least one of these products through a mobile device application or using a web or mobile browser on a given day. We define a MAP as a registered and logged-in user of one or more Family products who visited at least one of these products through a mobile device application or using a web or mobile browser in the last 30 days as of the date of measurement.

The following information was filed by Facebook Inc (FB) on as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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