Reality bite based on Chapter 1 material (Quiz 1) Facebook, Inc., is a publicly held corporation and is frequently in the news. Such products as Facebook, Instagram, Messenger, WhatsApp, and Oculus (virtual reality) are part of Facebook Inc. The company also investing heavily in other consumer hardware products and a number of longer-term initiatives, such as augmented reality, artificial intelligence. It continues to experience growth. There are Facebook's four basic financial statements for its most recent year, the year ending December 31, 2019. Please note that all statements have been adapted and condensed for educational use by me, Ludmila Krylova and should not be used for investment decisions 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 For year ended December 31, 2019 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 In millions $36,314 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 Prepayments and other current assets 1,852 $19,079 Total current assets $66,225 Property and equipment, net 35,323 Intangible assets, net 8941 Goodwill 18,715) Other long-term assets - 12.219 in millions Total assets $133,376 $70,097 40,711 Liabilities and stockholders' equity Current abilities: $23,966 Accounts payable $1,363 5,499 Deffered revenue $209 $18,487 Accrued expenses and other current liabil 13,421 Total current liabilities $15,053 Long-term kabilibes 12.269 $32,322 In mullions Common stock and OTHER $37,205 38,487 Retained earnings 45,362 $55,692 Total stockholders' equity 101,054 320x2 Total liabilities and stockholders' equity 11.1176 FINANCIAL STATEMENT #3 For year ended December 31, 2019 Beginning retained earnings Add net income Ending retained warnings Total liabties Stockholders' equity