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What information is provided in Facebook's basic financial statements? Facebook, Inc., is a publicly held corporation and is frequently in the news. For example, in August 2016, it announced a new feature called "Lifestage," which is an iOS app that emulates Snapchat and is designed to be used by teens. Also in that same month, Mark Zuckerberg sold $95 million of his Facebook shares. Facebook routinely makes the headlines and is seemingly everywhere. It continues to experience growth. To follow are Facebook's four basic financial statements for its most recent year, the year ending December 31,2015. Please note that all statements have been adapted and condensed for educational use and should not be used for investment decisions Income Statement Facebook, Inc. Income Statement (adapted for classroom use) For Year Ended December 31, 2015 Net revenues Expenses Operating income (loss) Other expenses and adjustments Net income (loss) In millions $17,928 11,703 $6,225 2,537 $3,688 Statement of Retained Earnings Facebook, Inc. Statement of Retained Earnings (adapted for classroom use For Year Ended December 31, 2015 In millions 6,099 3,688 9,787 Beginning retained earnings Add net income Ending retained earnings