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Consider the following income statement and comparative balance sheet. Income Statement - Meta Platforms ( Facebook ) ( in millions ) 1 2 / 3
Consider the following income statement and comparative balance sheet.
Income Statement Meta Platforms Facebook
in millions
Revenue $
Cost of revenue
Research & development expense
Marketing & selling expense
General & administrative expense
Income from operations
Interest income expense
Other income expense
Income before provision for income taxes
Provision for income taxes
Net income $
Balance Sheet Meta Platforms Facebook
in millions
Assets:
Cash & cash equivalents $ $
Shortterm marketable securities
Accounts receivable, net
Prepaid expenses & other current assets
Total current assets
Longterm investments
Property & equipment, net
Operating lease rightofuse assets
Intangible assets, net
Goodwill
Other assets
Total assets $ $
Liabilities:
Accounts payable $ $
Partners payable
Operating lease liabilities, current
Accrued expenses & other current liabilities
Total current liabilities
Operating lease liabilities, noncurrent
Longterm debt
Other liabilities
Total liabilities
Stockholders Equity:
Additional paidin capital
Accumulated other comprehensive income loss
Retained earnings
Total stockholders equity
Total liabilities and equity $ $
The following additional information is provided:
Revenue growth in :
Terminal growth:
Statutory tax rate federal and state combined for all years:
Use the parsimonious forecasting method to forecast total revenue, NOPAT, and NOA for years through and the terminal period. Recall that the parsimonious method presumes that NOPAT and NOA as a percentage of revenue are used to forecast future amounts. Assume that all items on the income statement will persist. Enter your responses below. Do not round intermediate calculations.
$ millions Terminal Period
Revenue:
Select
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NOPAT:
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NOA:
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