Facebook, Inc. FINANCIAL STATEMENT #4 As of December 31, 2019 In millions Facebook, Inc. FINANCIAL STATEMENT #1 For year ended December 31, 2019 In millions Cash flows provided by operating activities $36,314 Cash flows used in investing activities (19,864) Cash flows provided by financing activities (7,299) Exchange rate effect 4 Net increase in cash and cash equivalents $9,155 Cash and equivalents at beginning of period 9,924 Cash and equivalents at end of period $19,079 $19,079 35,776 9,518 1,852 $66,225 35,323 894 18,715 12,219 $133,376 Facebook, Inc. FINANCIAL STATEMENT #2 For year ended December 31, 2019 in millions Net revenues $70,697 Expenses 71 Operating income (loss) $23,986 Other expenses and adjustments 5,499 Net income (loss) $18,487 Assets Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Prepayments and other current assets Total current assets Property and equipment, net Intangible assets, net Goodwill Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Deffered revenue Accrued expenses and other current liabil Total current liabilities Long-term liabilities Total liabilities Stockholders' equity: Common stock and OTHER Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1,363 $269 13,421 $15,053 17,269 $32,322 Facebook, Inc. FINANCIAL STATEMENT #3 For year ended December 31, 2019 In millions Beginning retained earnings $37,205 Add net income 18,487 Ending retained earnings $55,692 45,362 $55,692 101,054 133,376 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 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? 11. How much value attributable to the Facebook owners (investors)