Facebook-财报数据及PPTQ4-2017-Press-Release（英文）-2018.1.31-8页

Facebook 2017 Fourth Quarter and Full Year Results Summary

Core Content and Key Highlights

Facebook, Inc. (NASDAQ: FB) released its financial results for the fourth quarter and full year ended December 31, 2017. The report highlighted both strong financial performance and strategic shifts in the company's focus.

Financial Performance

• Revenue:

  • Fourth Quarter 2017: $12,972 million, up 47% year-over-year.
  • Full Year 2017: $40,653 million, up 47% year-over-year.

• Advertising Revenue:

  • Fourth Quarter 2017: $12,779 million, up 48% year-over-year.
  • Full Year 2017: $39,942 million, up 49% year-over-year.

• Payments and Other Fees:

  • Fourth Quarter 2017: $193 million, up 7% year-over-year.
  • Full Year 2017: $711 million, down 6% year-over-year.

• Total Costs and Expenses:

  • Fourth Quarter 2017: $5,620 million, up 32% year-over-year.
  • Full Year 2017: $20,450 million, up 34% year-over-year.

• Income from Operations:

  • Fourth Quarter 2017: $7,352 million, up 61% year-over-year.
  • Full Year 2017: $20,203 million, up 63% year-over-year.

• Operating Margin:

  • Fourth Quarter 2017: 57%, up from 52% in the same period of 2016.
  • Full Year 2017: 50%, up from 45% in 2016.

• Net Income:

  • Fourth Quarter 2017: $4,268 million, up 20% year-over-year.
  • Full Year 2017: $15,934 million, up 56% year-over-year.

• Diluted Earnings per Share (EPS):

  • Fourth Quarter 2017: $1.44, up 19% year-over-year.
  • Full Year 2017: $5.39, up 54% year-over-year.

Strategic Shifts

• Facebook emphasized a shift from passive content consumption to meaningful connections.
• The company reduced daily time spent on the platform by approximately 50 million hours.
• Mobile advertising revenue accounted for 89% of total advertising revenue in Q4 2017, up from 84% in Q4 2016.

Operational Metrics

• Daily Active Users (DAUs): 1.40 billion in December 2017, up 14% year-over-year.
• Monthly Active Users (MAUs): 2.13 billion as of December 31, 2017, up 14% year-over-year.
• Capital Expenditures: $2.26 billion in Q4 2017 and $6.73 billion for the full year.
• Cash and Cash Equivalents and Marketable Securities: $41.71 billion at the end of Q4 2017.
• Headcount: 25,105 as of December 31, 2017, up 47% year-over-year.

2017 Tax Cuts and Jobs Act Impact

• The Tax Act, enacted on December 22, 2017, significantly affected Facebook's financials.
• The one-time mandatory transition tax on accumulated foreign earnings increased the provision for income taxes by $2.27 billion.
• The effective tax rate rose to 43% in Q4 2017 from an estimated lower rate in Q4 2016.
• Diluted EPS decreased by $0.77 for both Q4 and full year 2017 due to the tax impact.

Non-GAAP Financial Measures

• Revenue Excluding Foreign Exchange Effect: $12,643 million for Q4 2017 and $40,360 million for the full year.
• Free Cash Flow: $5,408 million for Q4 2017 and $17,483 million for the full year.
• Non-GAAP Measures:
  • Exclude foreign exchange effects.
  • Exclude purchases of property and equipment from free cash flow calculations.

Balance Sheet Highlights

• Total Assets: $84,524 million at the end of Q4 2017, up from $64,961 million at the end of Q4 2016.
• Total Liabilities: $10,177 million at the end of Q4 2017, up from $5,767 million at the end of Q4 2016.
• Stockholders' Equity: $74,347 million at the end of Q4 2017, up from $59,194 million at the end of Q4 2016.
• Cash and Cash Equivalents: $8,079 million at the end of Q4 2017.

Cash Flow Highlights

• Net Cash Provided by Operating Activities:

  • Q4 2017: $7,670 million.
  • Full Year 2017: $24,216 million.

• Net Cash Used in Investing Activities:

  • Q4 2017: $4,993 million.
  • Full Year 2017: $20,038 million.

• Net Cash (Used in) Provided by Financing Activities:

  • Q4 2017: $(1,842) million.
  • Full Year 2017: $(5,235) million.

Conference Call and Investor Relations

• Facebook hosted a conference call on January 31, 2018, at 2 p.m. PT / 5 p.m. ET.
• The webcast and earnings press release can be accessed at investor.fb.com.
• A replay will be available for one week following the call.

Forward Looking Statements

• The report contains forward-looking statements subject to risks and uncertainties.
• Risks include user retention, competition, regulatory issues, and the impact of new product development.

About Facebook

• Founded in 2004, Facebook's mission is to give people the power to build community and bring the world closer together.
• The platform allows users to stay connected, discover content, and share experiences.

Contacts

• Investors: Deborah Crawford, investor@fb.com.
• Press: Vanessa Chan, press@fb.com.