Facebook, Inc. Comparative Financial Statements

Income Statement for Years Ended December 31, 2021, 2022, 2023

• Revenue: $117,929, $126,457, $133,810
• Cost of Revenue: $36,901, $39,875, $42,296
• Gross Profit: $81,028, $86,582, $91,514
• Operating Expenses: $46,124, $48,235, $50,812
• Operating Income: $34,904, $38,347, $40,702
• Interest Expense: $537, $603, $647
• Income Before Tax: $34,367, $37,744, $40,055
• Income Tax Expense: $5,758, $6,329, $6,704
• Net Income: $28,609, $31,415, $33,351

Balance Sheet as of December 31, 2021, 2022, 2023

• Assets
  • Current Assets: $76,495, $82,392, $88,417
  • Property, Plant, Equipment, Net: $29,496, $30,563, $31,589
  • Intangible Assets: $4,125, $4,563, $4,972
  • Total Assets: $110,116, $117,518, $124,978
• Liabilities and Equity
  • Current Liabilities: $15,796, $17,225, $18,649
  • Long-Term Debt: $16,894, $17,563, $18,230
  • Shareholders' Equity: $77,426, $82,730, $88,099
  • Total Liabilities and Equity: $110,116, $117,518, $124,978

Requirements

1. Compute the gross profit margin for each year.
2. Determine the operating income as a percentage of revenue for each year.
3. Calculate the interest coverage ratio for each year.
4. Assess the quick ratio for each year.