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We're going to dig deeper into LinkedIn, one of the three companies you just saw (A). Here are LinkedIn's Income Statement, Balance Sheet, and Statement

We're going to dig deeper into LinkedIn, one of the three companies you just saw (A). Here are LinkedIn's Income Statement, Balance Sheet, and Statement of Cash Flows:

Make at least three observations about these three sets of financial statements.

Income Statement Reported in Thousands except for Per Share Data
FY 13 FY 14 FY 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
Interest income 2,895 4,971 10,571
Interest expense - -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) 113,643 122,800 129,024

Balance Sheet Statement Reported in Thousands
Period Ended FY 13 12/31/2013 FY 14 12/31/2014 FY 15 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 76,408 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 A and 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 7,011,199

Cash Flow Statement, Reported in Thousands
FY 2013 FY 2014 FY 2015
Period 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

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