Facebook (FB) Reports 2Q'14 Results

Facebook (FB) reported 2Q'14 results after the market closed yesterday. Nutshell: Facebook's 2Q'02014 free cash flow was $872 million and that was after capital expenditures of $469 million. Facebook's 2Q'02014 effective tax rate was a whopping 43%. Facebook has ~$14 billion in the bank.

"We had a good second quarter. Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world." -- Mark Zuckerberg, Facebook founder and CEO. "

FB closed yesterday (02014.07.23) at $71.29. Pre-market trading today hints that FB might hit a new all-time high today (02014.07.24). 52-week range: $32.75 - $72.59. Note: The 52-week high, which was on 11 March 02014, is all-time high.