facebook-2018年第四季度和全年财报（英文）-2019.1-8页_261kb

Facebook 2018 Fourth Quarter and Full Year Results Summary

Core Content

Facebook, Inc. (Nasdaq: FB) released its financial results for the fourth quarter and full year ended December 31, 2018, on January 30, 2019. The report highlights the company's financial performance, user growth, and strategic focus on social issues and user engagement.

Key Financial Highlights

Fourth Quarter 2018

• Revenue: $16,914 million (up 30% YoY)
  • Advertising Revenue: $16,640 million (up 30% YoY)
  • Payments and Other Fees: $274 million (up 42% YoY)
• Total Costs and Expenses: $9,094 million (up 62% YoY)
• Income from Operations: $7,820 million (up 6% YoY)
• Operating Margin: 46% (down from 57% in 2017)
• Provision for Income Taxes: $1,089 million (down 66% YoY)
• Effective Tax Rate: 14% (down from 43% in 2017)
• Net Income: $6,882 million (up 61% YoY)
• Diluted Earnings per Share (EPS): $2.38 (up 65% YoY from $1.44 in 2017)

Full Year 2018

• Total Revenue: $55,838 million (up 37% YoY)
• Total Costs and Expenses: $30,925 million (up 51% YoY)
• Income from Operations: $24,913 million (up 23% YoY)
• Provision for Income Taxes: $3,249 million (down 30% YoY)
• Effective Tax Rate: 13% (down from 23% in 2017)
• Net Income: $22,112 million (up 39% YoY)
• Diluted EPS: $7.57 (up 40% YoY from $5.39 in 2017)

Operational Highlights

• Daily Active Users (DAUs): 1.52 billion in December 2018, up 9% YoY.
• Monthly Active Users (MAUs): 2.32 billion as of December 31, 2018, up 9% YoY.
• Mobile Advertising Revenue: Comprised 93% of total advertising revenue in Q4 2018, up from 89% in Q4 2017.
• Capital Expenditures: $4.37 billion for Q4 2018 and $13.92 billion for the full year 2018.
• Cash and Cash Equivalents and Marketable Securities: $41.11 billion at the end of Q4 2018.
• Headcount: 35,587 as of December 31, 2018, up 42% YoY.

Additional Information

• Family of Services: Around 2.7 billion people use Facebook, Instagram, WhatsApp, or Messenger each month.
• User Engagement: Over 2 billion people use at least one of the services daily.
• Non-GAAP Financial Measures:
  • Revenue excluding foreign exchange effect: $17,262 million (Q4 2018) and $55,437 million (Full Year 2018)
  • Free Cash Flow: $3,318 million (Q4 2018) and $15,359 million (Full Year 2018)
• GAAP to Non-GAAP Reconciliation:
  • Foreign exchange effect on revenue is excluded to provide a clearer view of underlying performance.
  • Share-based compensation expenses are also excluded from certain financial measures.

Financial Statements

Condensed Consolidated Income Statement

• Revenue: $16,914 million (Q4 2018), $55,838 million (Full Year 2018)
• Costs and Expenses:
  • Cost of revenue: $2,796 million (Q4 2018), $9,355 million (Full Year 2018)
  • Research and development: $2,855 million (Q4 2018), $10,273 million (Full Year 2018)
  • Marketing and sales: $2,467 million (Q4 2018), $7,846 million (Full Year 2018)
  • General and administrative: $976 million (Q4 2018), $3,451 million (Full Year 2018)
• Net Income: $6,882 million (Q4 2018), $22,112 million (Full Year 2018)

Condensed Consolidated Balance Sheet

• Total Assets: $97,334 million (December 31, 2018), up from $84,524 million (December 31, 2017)
• Total Liabilities: $13,207 million (December 31, 2018), up from $10,177 million (December 31, 2017)
• Total Stockholders' Equity: $84,127 million (December 31, 2018), up from $74,347 million (December 31, 2017)

Condensed Consolidated Cash Flow Statement

• Net Cash Provided by Operating Activities: $7,684 million (Q4 2018), $29,274 million (Full Year 2018)
• Net Cash Used in Investing Activities: $3,749 million (Q4 2018), $11,603 million (Full Year 2018)
• Net Cash Used in Financing Activities: $3,541 million (Q4 2018), $15,572 million (Full Year 2018)
• Net Increase in Cash, Cash Equivalents, and Restricted Cash: $380 million (Q4 2018), $1,920 million (Full Year 2018)

Conference Call and Webcast

• Facebook will host a conference call to discuss the results on January 30, 2019, at 2 p.m. PT / 5 p.m. ET.
• The webcast will be available at investor.fb.com.
• A replay will be available for one week following the call at the same website or via the provided phone numbers.

Forward-Looking Statements

• The report includes forward-looking statements about future business expectations, subject to risks and uncertainties.
• Key risks include user retention, advertising reliance, regulatory changes, and security breaches.
• These statements are based on assumptions as of January 30, 2019, and are not guaranteed.

Contacts

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

Summary of Key Points

• Facebook experienced strong revenue growth in both Q4 2018 and Full Year 2018.
• Mobile advertising revenue increased significantly, representing 93% of total advertising revenue in Q4 2018.
• The company's user base continued to expand, with DAUs and MAUs increasing by 9% YoY.
• Capital expenditures and headcount also saw substantial growth.
• Non-GAAP financial measures were used to provide a clearer picture of underlying performance.
• The company is subject to various risks, including regulatory and security concerns, which are outlined in the forward-looking statements.