Thursday, January 29, 2015

Facebook (FB) Reports 4Q'14 Results

Facebook (FB) reported 4Q'14 results and I thought they were good. A few tidbits from Facebook's 4Q'14 press release.
"We got a lot done in 2014. Our community continues to grow and we're making progress towards connecting the world," said Mark Zuckerberg, Facebook founder and CEO.

Capital expenditures for the fourth quarter of 2014 were $517 million.

Free cash flow for the fourth quarter of 2014 was $1.07 billion.

37% effective tax rate.

Cash and cash equivalents and marketable securities were $11.20 billion at the end of the fourth quarter of 2014.

FB closed yesterday at $76.24. 52-week range: $54.66 - $82.17.

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