Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

What is Twitter's financial position and what are the expectations financially in the future? EXHIBIT 2 Consolidated Balance Sheets for Twitter, Inc., 2014-2018 (in thousands

What is Twitter's financial position and what are the expectations financially in the future?

image text in transcribedimage text in transcribed

EXHIBIT 2 Consolidated Balance Sheets for Twitter, Inc., 2014-2018 (in thousands of S) As of December 31, 2018 2017 2016 2015 2014 Consolidated Balance Sheet Data: Cash and cash equivalents $1,894,444 $ 1,638,413 $ 988,598 $ 911,471 $1,510,724 Short-term investments 4,314,957 2,764,689 2,785,981 2,583,877 2,111,154 Property and equipment, net 885,078 773,715 783,901 735,299 557,019 Total assets 10,162,572 7,412,477 6,870,365 6,442,439 5,583,082 Convertible notes 2,628,250 1,627,460 1,538,967 1,455,095 1,376,020 Total liabilities 3,356,978 2,365,259 2,265,430 2,074,392 1,956,679 Total stockholders' equity 6,805,594 5,047,218 4,604,935 4,368,047 3,626,403 EXHIBIT 1 Consolidated Statements of Operations for Twitter, Inc., 2014-2018 (in thousands of $, except per share amounts) Year Ended December 31, 2018 2017 2016 2015 2014 Consolidated Statement of Operations Data: Revenue $3,042,359 $2.443.299 $2,529,619 $2,218,032 $1,403,002 Costs and expenses Cost of revenue 964,997 861,242 932.240 729,256 446,309 Research and development 553,858 542,010 713.482 806,648 691,543 Sales and marketing 771,361 717,419 957,829 871.491 614.110 General and administrative 298,818 283,888 293.276 260.673 189,906 Total costs and expenses 2,589,034 2,404,559 2.896,827 2.668,068 1.941,868 Income (loss) from operations 453.325 38.740 (367,208) (450,036) (538.866) Interest expense (132,606) (105,237) (99,968) (98,178) (35,918) Interest income 111.221 44,383 24.277 9,073 1,933 Other income (expense), net (8.396) (73.304) 2,065 5,836 (5.500 Income (loss) before income taxes 423,544 (95,418) (440,834) (533.305) (578.351) Provision (benefit) for income taxes (782,052) 12,645 16,039 (12.274 (531) Net income (loss) $ 1,205,596 $ (108,063) $ (456,873) $ (521,031) $ (577,820) Net income (loss) per share attributable to common stockholders: Basic $1.60 $(0.15) $(0.65) $(0.79) $(0.96) Diluted $1.56 $(0.15) $(0.65) $(0.79) $(0.96) Weighted average shares used to compute net income (loss) per share attributable to common stockholders: Basic 754,326 732,702 702.135 662,424 604,990 Diluted 772.686 732.702 702.135 662,424 604.990 Other Financial Information: Adjusted EBITDA $ 1.200.796 S 862.986 $ 751,493 $ 557.807 $ 300.896 Non-GAAP net income 663,804 328,859 264,406 180,486 68,438 Cost of revenue 17.289 23.849 29,502 40,705 50.536 Research and development 183,799 240,833 335,498 401,537 360,726 Sales and marketing 71,305 94.135 160,935 156,904 157.263 General and administrative 53.835 74,989 89.298 82.972 63,072 Total stock-based compensation 326,228 433,806 615.233 682.118 631,597

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

978-0538453257

Students also viewed these Accounting questions