Facebook, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the Full Year of 2016
January 27, 2016 at 05:00 pm EST
Share
Facebook, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported revenue of $5,841 million against $3,851 million a year ago. Income from operations was $2,560 million, income before provision for income taxes was $2,557 million, net income was $1,562 million, net income attributable to Class A and Class B common stockholders was $1,555 million or $0.54 diluted per share against income from operations of $1,133 million, income before provision for income taxes was $1,114 million, net income was $701 million, net income attributable to Class A and Class B common stockholders was $696 million or $0.25 diluted per share for the same period a year ago. Net cash provided by operating activities was $2,827 million against $1,583 million for the same period a year ago. Purchases of property and equipment were $692 million against $517 million for the same period a year ago. Non-GAAP income from operations was $3,523 million against $2,219 million for the same period a year ago. Non-GAAP net income was $2,265 million against $1,518 million for the same period a year ago. Non-GAAP diluted earnings per share were $0.79 against $0.54 for the same period a year ago. Free cash flow was $2,135 million against $1,066 million for the same period a year ago.
For the year, the company reported revenue of $17,928 million against $12,466 million a year ago. Income from operations of $6,225 million, income before provision for income taxes was $6,194 million, net income was $3,688 million, net income attributable to Class A and Class B common stockholders was $3,669 million or $1.29 diluted per share against income from operations of $4,994 million, income before provision for income taxes was $4,910 million, net income was $2,940 million, net income attributable to Class A and Class B common stockholders was $2,925 million or $1.10 diluted per share for the same period a year ago. Net cash provided by operating activities was $8,599 million against $5,457 million for the same period a year ago. Purchases of property and equipment were $2,523 million against $1,831 million for the same period a year ago. Non-GAAP income from operations was $10,001 million against $7,207 million for the same period a year ago. Non-GAAP net income was $6,518 million against $4,713 million for the same period a year ago. Non-GAAP diluted earnings per share were $2.28 against $1.77 for the same period a year ago. Free cash flow was $6,076 million against $3,626 million for the same period a year ago.
The company provided capital expenditures guidance for the year 2016. The company anticipated its 2016 capital expenditures will be in the range of $4 billion to $4.5 billion. The company expects 2016 amortization expenses to be approximately $700 million to $800 million. The company anticipated that its first quarter and full year of 2016 GAAP and non-GAAP tax rates to be in the low 30s on 1% basis, down from its 2015 rates. The company expects its tax rates will decline further over time and resemble those of global peers over the next several years.
Meta Platforms, Inc. specializes in online social networking services. Net sales break down by activity as follows:
- operation of social networking, messaging, photo and video sharing platforms (98.6%): operation of the Facebook, Instagram, Messenger, Threads and WhatsApp platforms (3.98 billion monthly active users in 2023) ;
- sale of virtual and augmented reality products, software and devices (1.4%): virtual reality headsets (Meta Quest), connected screens (Facebook Portal), wearable devices, etc.
Net sales break down by source of income into advertising spaces (97.5%) and other (2.2%).
Net sales are distributed geographically as follows: the United States and Canada (39.2%), Asia-Pacific (26.8%), Europe (23.1%) and other (10.9%).
Facebook, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the Full Year of 2016