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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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