Facebook, Inc. FINANCIAL STATEMENT #1 For year ended December 31, 2019 Cash flows provided by operating activities Cash flows used in investing activities Cash flows provided by financing activities Exchange rate effect Net increase in cash and cash equivalents Cash and equivalents at beginning of period Cash and equivalents at end of period Facebook, Inc. FINANCIAL STATEMENT #2 In millions For year ended December 31, 2019 $36,314 Net revenues Expenses Operating income (loss) Other expenses and adjustments Net income (loss) Facebook, Inc. Facebook, Inc. FINANCIAL STATEMENT #4 As of December 31, 2019 In millions Assets (19,864) Current assets: (7,299) Cash and cash equivalents $19,079 4 Marketable securities 35,776 $9,155 Accounts receivable, net 9,518 9,924 $19,079 Prepayments and other current assets 1,852 Total current assets $66,225 Property and equipment, net 35,323 Intangible assets, net 894 Goodwill 18,715 Other long-term assets 12,219 in millions Total assets $133,376 $70,697 46,711 $23,986 Liabilities and stockholders' equity Current liabilities: Accounts payable $1,363 5,499 $18,487 Deffered revenue $269 Accrued expenses and other current liabil 13,421 Total current liabilities Long-term liabilities Total liabilities Stockholders' equity: $15,053 17,269 $32,322 In millions $37,205 18,487 $55,692 Common stock and OTHER Retained earnings 45,362 $55,692 Total stockholders' equity 101,054 Total liabilities and stockholders' equity 133,376 FINANCIAL STATEMENT #3 For year ended December 31, 2019 Beginning retained earnings Add net income Ending retained earnings Before attempting the Quiz in Canvas, please, answer the following questions: 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 Facebook's accounting equation as of December 31, 2019 6. Was Facebook profitable in 2019? Over what period of time was net income/net 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? 11. How much value attributable to the Facebook owners (investors)