Year Ended December 31, 2017 2016 2015 2014 2013 (In thousands, except per share data) Consolidated Statement of Operations Data: Revenue ... $2,443,299 $2,529,619 $2,218,032 $1,403,002 $ 664,890 Costs and expenses(1) Cost of revenue .. 861,242 932,240 729,256 446,309 266,718 Research and development 542,010 713,482 806,648 691,543 593,992 Sales and marketing ...... 717,419 957,829 871,491 614,110 316,216 General and administrative . 283,888 293,276 260,673 189,906 123,795 Total costs and expenses. 2.404,559 2,896,827 2,668,068 1,941,868 1,300,721 Income (loss) from operations 38,740 (367,208) (450,036) (538,866) (635,831) Interest expense.... (105,237) (99,968) (98,178) (35,918) (7,576) Other income (expense), net. (28,921) 26,342 14,909 (3,567) (3,739) Loss before income taxes . (95,418) (440,834) (533,305) (578,351 ) (647,146) Provision (benefit) for income taxes(2). 12,645 16,039 (12,274) (531) (1,823 Net loss ... $ (108,063) $ (456,873)$ (521,031 )$ (577,820) $ (645,323) Net loss per share attributable to common stockholders: Basic and diluted $ (0.15) $ (0.65) $ (0.79) $ (0.96) $ (3.41) Weighted-average shares used to compute net loss per share attributable to common stockholders: Basic and diluted .. 732,702 702,135 662,424 604,990 189,510 Other Financial Information:(3) Adjusted EBITDA . 862,986 $ 751,493 $ 557,807 $ 300,896 $ 75,430 Non-GAAP net income (loss) 328,859 $ 264,406 $ 180,486 $ 68,438 $ (19,057)CONSOLIDATED BALANCE SHEETS (In thousands, except par value) Docomber 31. December 31, 2017 2016 Assets Current assets: Cash and cash equivalents. 1,638.413 968, 598 Short-term investments... 2,764.689 2,785.981 Accounts receivable, net of allowance for doubtful accounts of $5,430 and $7,216 as of December 31, 2017 and December 31, 2016, respectively..... 864,268 650 650 Prepaid expenses and other current assets 254,514 226,967 Total current assets .... 5,321.884 4,852,196 Properly and equipment, net. 773,715 783,901 Intangible assets, net. 48,654 95,334 Goodwill..... 1,186,935 1,185 315 Other assets 78 289 153.619 Total assets. S 7,412,477 $ 6,870.365 Liabilities and stockholders' equity Current liabilities: Accounts payable ........ S 170,969 122,236 Accrued and other current liabilities. 327,333 Capital leases, short-term... 84,976 80 848 Total current liabilities. 583,276 584.021 Convertible notes.. 1,627.460 1,538,967 Capital leases, long-term ..... 81,308 66,837 Deferred and other long-term tax liabilities, net 13,240 7.556 Other long-term liabilities .. 68.049 Total liabilities. 2,365,258 2,265 430 Commitments and contingencies (Note 14) Stockholders' equity: Preferred stock, $0.000005 par value-- 200,000 shares authorized; none issued and outstanding ....-. Common stock, $0.000005 par value-- 5,000,000 shares authorized; 746,802 and 721,572 shares issued and outstanding as of December 31, 2017 and December 31, 2016, respectively .... Additional paid-in capital..... 7,750,522 7,224.534 Accumulated other comprehensive loss. (31,579) (69 253) Accumulated deficit...... (2 671,728) (2.550 350 Total stockholders" equity ... 5,047,218 4,604 935 Total liabilities and stockholders' equity.. 7,412,477 6,870 365
