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Facebook Reports Fourth Quarter and Full Year 2014 Results
MENLO PARK, Calif. – January 28, 2015 – Facebook, Inc. (NASDAQ: FB) today reported financial results for the fourth quarter and full year ended December 31, 2014.
"We got a lot done in 2014. Our community continues to grow and we're making progress towards connecting the world," said Mark Zuckerberg, Facebook founder and CEO.
Fourth Quarter and Full Year 2014 Financial Summary
Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||
In millions, except percentages and per share amounts | 2014 | 2013 | 2014 | 2013 | |||||||||||
Revenue | $ | 3,851 | $ | 2,585 | $ | 12,466 | $ | 7,872 | |||||||
Income from Operations | |||||||||||||||
GAAP | $ | 1,133 | $ | 1,133 | $ | 4,994 | $ | 2,804 | |||||||
Non-GAAP* | $ | 2,219 | $ | 1,498 | $ | 7,207 | $ | 3,948 | |||||||
Operating Margin | |||||||||||||||
GAAP | 29 | % | 44 | % | 40 | % | 36 | % | |||||||
Non-GAAP* | 58 | % | 58 | % | 58 | % | 50 | % | |||||||
Net Income | |||||||||||||||
GAAP | $ | 701 | $ | 523 | $ | 2,940 | $ | 1,500 | |||||||
Non-GAAP* | $ | 1,518 | $ | 814 | $ | 4,713 | $ | 2,334 | |||||||
Diluted Earnings per Share (EPS) | |||||||||||||||
GAAP | $ | 0.25 | $ | 0.20 | $ | 1.10 | $ | 0.60 | |||||||
Non-GAAP* | $ | 0.54 | $ | 0.32 | $ | 1.77 | $ | 0.93 | |||||||
* Non-GAAP information for the three months and the year ended December 31, 2013 has been updated to exclude amortization of intangible assets to conform to our current period presentation. See the table below titled "Reconciliation of Non-GAAP Results to Nearest GAAP Measures."
Full Year 2014 Business Highlights
• | Revenue for the full year 2014 was $12.47 billion, an increase of 58% year-over-year. |
• | Income from operations for the full year 2014 was $4.99 billion. |
• | Net income for the full year 2014 was $2.94 billion. |
• | Free cash flow for the full year 2014 was $3.63 billion. |
• | Daily active users (DAUs) were 890 million on average for December 2014, an increase of 18% year-over-year. |
• | Mobile DAUs were 745 million on average for December 2014, an increase of 34% year-over-year. |
• | Monthly active users (MAUs) were 1.39 billion as of December 31, 2014, an increase of 13% year-over-year. |
• | Mobile MAUs were 1.19 billion as of December 31, 2014, an increase of 26% year-over-year. |
Fourth Quarter 2014 Financial Highlights
Revenue – Revenue for the fourth quarter of 2014 totaled $3.85 billion, an increase of 49%, compared with $2.59 billion in the fourth quarter of 2013. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased by 53%.
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The following information was filed by Facebook Inc (FB) on Wednesday, January 28, 2015 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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