1. The name of Financial Statement #1 is most probably _________

2. The name of Financial Statement #2 is most probably _________

3. The name of Financial Statement #3 is most probably _________

4. The name of Financial Statement #4 is most probably _________

5. Write Facebooks accounting equation as of December 31, 2016

6. Was Facebook profitable in 2016? Over what period of time was net incomeet loss (presented in the financial statement) earned?

7. Identify what line item flows from the income statement to the statement of retained earnings.

8. Identify what line item flows from the statement of retained earnings to the balance sheet.

9. How much in total resources does Facebook have to work with?

10. How much does Facebook owe to creditors?

Facebook, Inc. FINANCIAL STATEMENT #1 For year ended December 31, 2016 in millions Net revenues $27,638 Expenses 15,211 Operating income (loss) $12,427 Other expenses and adjustments 2,210 Net income (loss) $10,217 Facebook, Inc. FINANCIAL STATEMENT #3 For year ended December 31, 2016 In millions Assets Current assets: Cash and cash equivalents $8,903 Marketable securities 20,546 Accounts receivable, net 3,993 Prepayments and other current assets 959 Total current assets $34,401 Property and equipment, net 8,591 Intangible assets, net 2,535 Other long-term assets 19,434 Total assets $64 961 Facebook, Inc. FINANCIAL STATEMENT #4 For year ended December 31, 2016 In millions Cash flows provided by operating activities $16,108 Cash flows used in investing activities (11,739) Cash flows provided by financing activities (310) Exchange rate effect Net increase in cash and cash equivalents $3,996 Cash and equivalents at beginning of period 4,907 Cash and equivalents at end of period $8,903 (63) Facebook, Inc. FINANCIAL STATEMENT #2 For year ended December 31, 2016 In millions Beginning retained earnings Add net income 10,217 Ending retained earnings $21,670 Liabilities and stockholders' equity $302 $90 2,483 $2,875 2,892 Accounts payable Deffered revenue Accrued expenses and other current liabilities Total current liabilities Long-term liabilities Total liabilities Stockholders' equity: Common stock and OTHER Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $5,767 37,524 $21,670 59,194