MAKE 4 OBSERVATIONS FROM THIS DATA

FT 13 FT 14 FT 15 Net revenue 1,528.545 2,218.767 2.990,911 Total costs and expenses 1,480 733 2.182.632 3.141.853 Loss from operations 47.812 36.135 -150.942 Interestincome 2.895 4.971 10.571 Interestexpense -6.797 -50.882 Other, net -63 -8.034 -87,265 Loss before income taxes 49,228 31,205 -214,730 Provision (benefit) for income taxes 22.459 46.525 49.969 Net (loss ) income 26.769 -15,320 -164,761 EPS (Basic) $0.24 ($0.13) ($1.29) Weighted average shares outstanding (Basic) 113.643 122,800 129.024Period Ended 12/31/2013 12/31/2014 12/31/2015 ASSETS Total current assets 2,755.470 4.122.100 3.935.089 Property and equipment, net 361.741 740.909 1,047,005 Goodwill 150.871 356.718 1.507.093 Other assets 84 711 207 530 522,012 Total assets 3.352 793 5.427 257 7.011.199 LIABILITIES AND STOCKHOLDERS' EQUITY Total current liabilities 641.991 882.785 1.188,084 Long term debt 76408 1.213.653 1.327.662 Total liabilities 718,399 2,096 438 2,515,746 Redeemable noncontrolling interest 5.000 5.427 26.810 STOCKHOLDERS' EQUITY: Class Aand Class B common stock 13 13 13 Additional paid-in capital 2,573.449 3.285.705 4 588 578 Accumulated other comprehensive income 314 -198 9.124 Accumulated deficit 55.619 39.872 -129.072 Total stockholders equity 2.629.394 3.325 392 4.468.643 Total liabilities & stockholders' equity & redeemable noncontrolling interest 3.352.793 5.427 257 7.01 1.199Period Ending 12/31/2013 12/31/2014 12/31/2015 Net Income 26,769 -15,320 -164,761 Operating Activities, Cash Flows Provided by or Used In Depreciation 134,516 236,946 420,472 Adjustments to Net Income 163,203 250,761 576,645 Changes in Accounts Receivables -102,618 -137,571 -149,461 Changes in Liabilities 252,333 298,576 208,607 Changes in Inventories 0 0 0 Changes in Other Operating Activities -37,730 -64,441 -84,527 Total Cash Flow from Operating Activities 436,473 568,951 806,975 Investing Activities, Cash Flows Provided By or Used In Capital Expenditures -278,019 -547,633 -507,246 Investments -1,055,425 -1,472,334 386,416 Other Cash flows from Investing Activities -24,101 -273,304 -671,247 Total Cash Flows from Investing Activities -1,357,545 -2,293,271 -792,077 Financing Activities, Cash Flows Provided By or Used In Dividends Paid 0 0 0 Sale/Purchase of Stock 105,768 166,040 77,981 Net Borrowings 1,348,059 1,224,741 0 Other Cash Flows from Financing Activities 392 -2,296 -167 Total Cash Flows From Financing Activities 1,454,219 1,388,485 77,814 Effect of Exchange Rate Changes -466 -6,367 -7,362 Change in Cash and Cash Equivalents 532,681 -342,202 85,350