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144 | META | 2017 | We may face inventory risk with respect to our Oculus products. | [0.01691560633480549, -0.021144507452845573, -0.002516399137675762, -0.02780536562204361, -0.0017918788362294436, 0.007336400914937258, -0.036074016243219376, 0.011254552751779556, 0.023427844047546387, -0.008315938524901867, 0.011930095963180065, 0.009113079868257046, 0.002509643556550145, -0.022941453382372856, 0.008... |
145 | META | 2017 | We may be exposed to inventory risks with respect to our Oculus products as a result of rapid changes in product cycles and pricing, unsafe or defective merchandise, changes in consumer demand and consumer spending patterns, changes in consumer tastes with respect to Oculus products, and other factors. We endeavor to a... | [0.012975635938346386, -0.013830878771841526, 0.0010999557562172413, -0.02755485288798809, -0.014739573933184147, 0.0040724254213273525, -0.03445024788379669, 0.007135931868106127, 0.013202809728682041, -0.011285195127129555, 0.0071893841959536076, 0.014058052562177181, -0.011779632419347763, -0.0037483687046915293, -0... |
146 | META | 2017 | We may have exposure to greater than anticipated tax liabilities. | [0.0028710735496133566, -0.030571801587939262, 0.018147040158510208, -0.03817501291632652, -0.016332335770130157, 0.016160137951374054, -0.03706234693527222, -0.016968144103884697, 0.009696082212030888, 0.006318348925560713, 0.019816037267446518, 0.009007290005683899, 0.005682540126144886, 0.022213567048311234, 0.02022... |
147 | META | 2017 | Our income tax obligations are based in part on our corporate operating structure and intercompany arrangements, including the manner in which we operate our business, develop, value, manage, protect, and use our intellectual property and the valuations of our intercompany transactions. We may also be subject to additi... | [-0.012316790409386158, -0.026025235652923584, 0.022188430652022362, -0.05368924140930176, -0.002459781477227807, -0.002295579295605421, -0.014709915034472942, -0.010144769214093685, 0.010372376069426537, -0.023007815703749657, 0.006158395204693079, -0.009143298491835594, 0.007842686958611012, 0.014332737773656845, -0.... |
148 | META | 2017 | Changes in tax laws or tax rulings could materially affect our financial position, results of operations, and cash flows. | [-0.019288191571831703, -0.03129410743713379, 0.0037026440259069204, -0.036632806062698364, -0.011956711299717426, -0.005025017075240612, -0.019509613513946533, -0.01290389895439148, 0.013272933661937714, -0.012153529562056065, 0.027259333059191704, 0.014921287074685097, 0.009022888727486134, 0.015401030890643597, 0.00... |
149 | META | 2017 | The income and non-income tax regimes we are subject to or operate under are unsettled and may be subject to significant change. Changes in tax laws or tax rulings, or changes in interpretations of existing laws, could materially affect our financial position, results of operations, and cash flows. For example, changes... | [-0.0031968255061656237, -0.04218437522649765, 0.011284451000392437, -0.04814350605010986, -0.0075926645658910275, 0.004149175714701414, -0.014793280512094498, -0.0001640680420678109, -0.015433626249432564, -0.016622839495539665, 0.011820249259471893, -0.0031282170675694942, 0.007187548093497753, 0.01719784177839756, -... |
150 | META | 2017 | Uncertainties in the interpretation and application of the 2017 Tax Cuts and Jobs Act could materially affect our tax obligations and effective tax rate. | [-0.03315332159399986, -0.031079640612006187, 0.006182646844536066, -0.028365932404994965, -0.024884192273020744, -0.003888155100867152, -0.018023118376731873, -0.0018336732173338532, -0.02601063810288906, -0.003192127449437976, 0.01760070212185383, 0.0036609461531043053, 0.009542780928313732, 0.019085561856627464, -0.... |
151 | META | 2017 | The 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted on December 22, 2017, and significantly affected U.S. tax law by changing how the U.S. imposes income tax on multinational corporations. The U.S. Department of Treasury has broad authority to issue regulations and interpretative guidance that may significantly im... | [-0.045523326843976974, -0.03856584057211876, 0.005045480560511351, -0.02866380102932453, -0.009504655376076698, -0.009087727405130863, -0.021224241703748703, -0.008358104154467583, -0.01786275953054428, -0.013954059220850468, 0.0390348844230175, -0.0006624432280659676, 0.00964146014302969, 0.014149494469165802, -0.011... |
152 | META | 2017 | The Tax Act requires complex computations not previously provided in U.S. tax law. As such, the application of accounting guidance for such items is currently uncertain. Further, compliance with the Tax Act and the accounting for such provisions require accumulation of information not previously required or regularly p... | [-0.021639572456479073, -0.026927487924695015, 0.009929676540195942, -0.05464618653059006, -0.009520884603261948, -0.004869233816862106, -0.02956485189497471, -0.014439568854868412, -0.003778024110943079, -0.01466374471783638, 0.029696719720959663, 0.007068135775625706, -0.004565936513245106, 0.03299342468380928, -0.02... |
153 | META | 2017 | We cannot guarantee that our share repurchase program will be fully consummated or that it will enhance long-term stockholder value. Share repurchases could also increase the volatility of the trading price of our stock and could diminish our cash reserves. | [-0.025224538519978523, -0.02285933867096901, 0.003268131287768483, -0.02457251027226448, -0.03812446817755699, 0.0017659094883129, -0.036104459315538406, 0.0069677517749369144, 0.0058330949395895, 0.015750953927636147, -0.014101706445217133, 0.025966061279177666, -0.0024147413205355406, -0.016262348741292953, 0.009984... |
154 | META | 2017 | In November 2016, our board of directors authorized a share repurchase program of up to $6.0 billion of our Class A common stock that commenced in 2017 and does not have an expiration date. Although our board of directors has authorized this share repurchase program, the program does not obligate us to repurchase any s... | [-0.025663916021585464, -0.02277330867946148, -0.017018131911754608, -0.04979138448834419, -0.02516912668943405, 0.006116501521319151, -0.048984095454216, -0.004531224258244038, 0.003909483086317778, 0.03208314999938011, -0.00943353958427906, 0.009290311485528946, 0.003915993496775627, -0.008248650468885899, 0.00521481... |
155 | META | 2017 | The trading price of our Class A common stock has been and will likely continue to be volatile. | [-0.02616293914616108, -0.01750246062874794, 0.007234350778162479, -0.007221385836601257, -0.02611107937991619, 0.005111366976052523, -0.051392413675785065, 0.025501735508441925, 0.011460871435701847, -0.0035750397946685553, -0.024088572710752487, 0.030363529920578003, 0.019032306969165802, -0.009853237308561802, 0.024... |
156 | META | 2017 | The trading price of our Class A common stock has been, and is likely to continue to be, volatile. Since shares of our Class A common stock were sold in our IPO in May 2012 at a price of $38.00 per share, our stock price has ranged from $17.55 to $184.25 through December 31, 2017. In addition to the factors discussed i... | [-0.006404333747923374, -0.008224984630942345, 0.007833929732441902, -0.03433594852685928, -0.02043745294213295, 0.0029120806138962507, -0.040156904608011246, 0.021296493709087372, 0.005760053638368845, 0.0068402644246816635, -0.023963361978530884, 0.016847435384988785, 0.008686558343470097, -0.003221399150788784, 0.02... |
157 | META | 2017 | •other events or factors, including those resulting from war or incidents of terrorism, or responses to these events. | [-0.03163478523492813, -0.028131429105997086, -0.0003868561761919409, -0.0244450606405735, -0.03116418421268463, 0.0122159942984581, -0.01964755356311798, -0.006196234840899706, -0.010157118551433086, -0.019294604659080505, 0.008588451892137527, 0.017725937068462372, -0.007889088243246078, -0.0045654745772480965, -0.00... |
158 | META | 2017 | In addition, the stock markets have experienced extreme price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many technology companies. Stock prices of many technology companies have fluctuated in a manner unrelated or disproportionate to the operating perfor... | [-0.020340340211987495, -0.04104623198509216, 0.009915589354932308, -0.030105791985988617, -0.018564803525805473, 0.02019673027098179, -0.03710349649190903, 0.018943410366773605, 0.004775018896907568, -0.005016544368118048, -0.02020978555083275, 0.011534461751580238, 0.017428983002901077, 0.0077940840274095535, 0.01693... |
159 | META | 2017 | We do not intend to pay cash dividends for the foreseeable future. | [-0.04046826437115669, -0.035738538950681686, -0.0009484749753028154, -0.006708879955112934, -0.019045377150177956, 0.0023664450272917747, -0.0234842412173748, 0.009276085533201694, 0.014657099731266499, 0.014505344443023205, 0.029213029891252518, 0.02663317695260048, 0.015757331624627113, 0.005694011691957712, 0.00931... |
160 | META | 2017 | We have never declared or paid cash dividends on our capital stock. We currently intend to retain any future earnings to finance the operation and expansion of our business, and we do not expect to declare or pay any cash dividends in the foreseeable future. As a result, you may only receive a return on your investment... | [-0.02687704935669899, -0.01857943646609783, -0.0014954062644392252, -0.05375409871339798, -0.013032662682235241, 0.01765175350010395, -0.03831847757101059, 0.017097720876336098, 0.0036398686934262514, 0.008870972320437431, -0.0076855989173054695, 0.018695397302508354, 0.016195805743336678, 0.01237555406987667, 0.00688... |
161 | META | 2017 | The dual class structure of our common stock and a voting agreement between certain stockholders have the effect of concentrating voting control with our CEO and certain other holders of our Class B common stock; this will limit or preclude your ability to influence corporate matters. | [-0.019620221108198166, -0.019516274333000183, 0.002121192868798971, -0.046984583139419556, -0.04435989260673523, 0.010453290306031704, -0.03297756612300873, 0.0209585539996624, -0.009024002589285374, -0.006932045333087444, -0.016215918585658073, 0.017125464975833893, 0.005012251902371645, 0.019750157371163368, 0.01816... |
162 | META | 2017 | Our Class B common stock has ten votes per share and our Class A common stock has one vote per share. Stockholders who hold shares of Class B common stock, including certain of our executive officers, employees, and directors and their affiliates, together hold a substantial majority of the voting power of our outstand... | [-0.0028555358294397593, -0.013000761158764362, -0.0019471787381917238, -0.04722805321216583, -0.025362247601151466, 0.003132772399112582, -0.029380545020103455, 0.015929682180285454, -0.01641240157186985, -0.007325566839426756, -0.03908708319067955, 0.017221279442310333, -0.0026288542430847883, 0.0003361492417752743, ... |
163 | META | 2017 | Transfers by holders of Class B common stock will generally result in those shares converting to Class A common stock, subject to limited exceptions, such as certain transfers effected for estate planning or charitable purposes. The conversion of Class B common stock to Class A common stock will have the effect, over t... | [-0.013416632078588009, -0.009424852207303047, 0.016086675226688385, -0.04078124836087227, -0.020736003294587135, 0.00950455479323864, -0.043809954077005386, 0.020217934623360634, -0.025743992999196053, -0.009471345692873001, -0.016764149069786072, 0.011822576634585857, 0.009013054892420769, 0.010301582515239716, 0.027... |
164 | META | 2017 | Our status as a "controlled company" could make our Class A common stock less attractive to some investors or otherwise harm our stock price. | [-0.0183817520737648, -0.013590268790721893, 0.003688312601298094, -0.029772326350212097, -0.0371888242661953, 0.012294375337660313, -0.03939516842365265, 0.024761537089943886, 0.013729826547205448, -0.0026632274966686964, -0.0209070835262537, 0.018182383850216866, 0.02000328153371811, -0.0006338249077089131, 0.0206678... |
165 | META | 2017 | Because we qualify as a "controlled company" under the corporate governance rules for Nasdaq-listed companies, we are not required to have a majority of our board of directors be independent, nor are we required to have a compensation committee or an independent nominating function. In light of our status as a controll... | [-0.019173650071024895, -0.016695784404873848, -0.012713971547782421, -0.04942481964826584, -0.048735786229372025, 0.011673797853291035, -0.022009283304214478, 0.019928935915231705, -0.0005950357299298048, 0.0035644173622131348, -0.01227670069783926, 0.004180571064352989, 0.028064817190170288, 0.0014989766059443355, -0... |
166 | META | 2017 | Delaware law and provisions in our restated certificate of incorporation and bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing the trading price of our Class A common stock. | [-0.02751167118549347, -0.014084608294069767, 0.0024723683018237352, -0.034350138157606125, -0.020199773833155632, 0.015886280685663223, -0.056233227252960205, 0.012762943282723427, -0.014794756658375263, -0.017148766666650772, 0.002847168827429414, 0.018595365807414055, 0.025920413434505463, 0.010652224533259869, 0.01... |
167 | META | 2017 | Our status as a Delaware corporation and the anti-takeover provisions of the Delaware General Corporation Law may discourage, delay, or prevent a change in control by prohibiting us from engaging in a business combination with an interested stockholder for a period of three years after the person becomes an interested ... | [-0.04762355610728264, -0.02861146442592144, 0.0013799099251627922, -0.031224627047777176, -0.025225019082427025, -0.0033981113228946924, -0.024798380210995674, 0.012525848113000393, -0.010752631351351738, -0.0023381805513054132, 0.00020134101214352995, 0.016625581309199333, 0.00793281476944685, 0.010046010836958885, 0... |
168 | META | 2017 | •we currently have a dual class common stock structure, which provides Mr. Zuckerberg with the ability to control the outcome of matters requiring stockholder approval, even if he owns significantly less than a majority of the shares of our outstanding Class A and Class B common stock; | [-0.015735533088445663, 0.005560900550335646, -0.0032292825635522604, -0.04237505421042442, -0.022428415715694427, 0.01655399240553379, -0.03793953359127045, 0.010204335674643517, -0.0025626346468925476, 0.004468522034585476, -0.024368956685066223, 0.014692658558487892, 0.011121801100671291, 0.004214403685182333, 0.011... |
169 | META | 2017 | •certain litigation against us can only be brought in Delaware. | [-0.010338717140257359, -0.007275639567524195, 0.013873548246920109, -0.03359418734908104, -0.03944127634167671, 0.020199036225676537, -0.032982900738716125, 0.0001784649648470804, 0.0033653986174613237, -0.0013023061910644174, 0.016624337062239647, 0.02306942455470562, 0.011807133443653584, -6.0247498367971275e-06, -0... |
170 | META | 2017 | None. | [-0.0004342523461673409, 0.00277856201864779, 0.030299711972475052, -0.0021859544795006514, 0.0010913447476923466, 0.015737567096948624, -0.005292654503136873, -0.032519951462745667, -0.002595718950033188, -0.02627716399729252, -0.0008129987400025129, 0.012237426824867725, -0.006311351899057627, -0.011323211714625359, ... |
171 | META | 2017 | Item 7.Management's Discussion and Analysis of Financial Condition and Results of Operations | [-0.021991020068526268, 0.005093913059681654, -0.025356369093060493, -0.03331082686781883, -0.016936879605054855, 0.0053417254239320755, -0.027436764910817146, -0.005861824378371239, -0.0012520625023171306, -0.00799117237329483, -0.012451788410544395, 0.03135280683636665, -0.008737667463719845, 0.009288360364735126, -0... |
172 | META | 2017 | You should read the following discussion of our financial condition and results of operations in conjunction with our consolidated financial statements and the related notes included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K. In addition to our historical conso... | [-0.014540320262312889, -0.009607458487153053, -0.0064340271055698395, -0.03582135587930679, -0.005546241067349911, 0.013261908665299416, -0.02988126128911972, 0.013339388184249401, -0.0013357143616303802, -0.0014939017128199339, 0.014772758819162846, 0.039411239326000214, -0.022559449076652527, -0.007760863751173019, ... |
173 | META | 2017 | Certain revenue information in the section entitled "—Revenue—Foreign Exchange Impact on Revenue" is presented on a constant currency basis. This information is a non-GAAP financial measure. To calculate revenue on a constant currency basis, we translated revenue for the full year 2017 using 2016 monthly exchange rates... | [0.0013630407629534602, -0.013980235904455185, -0.0013219319516792893, -0.00536833330988884, 0.017230253666639328, -0.023433661088347435, -0.021408848464488983, -0.017475295811891556, -0.005236139986664057, -0.04018672928214073, 0.016017945483326912, 0.04018672928214073, -0.007880004122853279, -0.0043462542816996574, -... |
174 | META | 2017 | •Total costs and expenses were $20.45 billion. | [-0.012479637749493122, -0.008003459312021732, 0.020509272813796997, -0.020299861207604408, -0.0014822433004155755, -0.0163995660841465, -0.016923096030950546, -0.01862456649541855, -0.002634008415043354, -0.0058831642381846905, -0.0076762535609304905, 0.03478854522109032, 0.00738831190392375, -0.0015673168236389756, 0... |
175 | META | 2017 | •Income from operations was $20.20 billion.[DATA_TABLE_REMOVED] | [-0.03018205612897873, -0.019942183047533035, 0.018827728927135468, -0.03579366207122803, -0.008371521718800068, -0.0006092625553719699, -0.040618594735860825, -0.019811071455478668, -0.022039981558918953, -0.009479420259594917, 0.0031778349075466394, 0.03755056858062744, -0.0012865395983681083, -0.009977647103369236, ... |
176 | META | 2017 | •Capital expenditures were $6.73 billion. | [-0.0016954353777691722, -0.00612915912643075, 0.012411867268383503, -0.029839662835001945, -0.008349219337105751, 0.020946625620126724, -0.01732543110847473, -0.01721026934683323, 0.011983209289610386, 0.007984541356563568, 0.02601373754441738, 0.040869589895009995, 0.0027206940576434135, -0.006541821639984846, -0.015... |
177 | META | 2017 | •Effective tax rate was 23%.[DATA_TABLE_REMOVED][DATA_TABLE_REMOVED] | [-0.02921590581536293, 0.0025349094066768885, 0.019803360104560852, -0.02725936472415924, -0.00625299708917737, -0.0034735200461000204, -0.03138396516442299, -0.030114857479929924, -0.03934232518076897, -0.031119566410779953, 0.024311335757374763, 0.030537892132997513, 0.0133785055950284, -0.0008320253691636026, -0.006... |
178 | META | 2017 | In 2017, we continued to focus on our three main revenue growth priorities: (i) helping businesses expand their use of our mobile products, (ii) developing innovative ad products that help businesses get the most of their ad campaigns, and (iii) making our ads more relevant and effective through our targeting capabilit... | [-0.030985599383711815, -0.00840442068874836, 0.002579961670562625, -0.01188345905393362, -0.00807866733521223, 0.0037852467503398657, -0.013929186388850212, -0.008013516664505005, -0.011720582842826843, -0.030360154807567596, 0.022529058158397675, 0.030229853466153145, 0.003863427322357893, -0.013095259666442871, -0.0... |
179 | META | 2017 | We continued to invest, based on our roadmap, in: (i) our most developed ecosystem, the Facebook app and platform as well as video, (ii) driving growth and building ecosystems around our products and features that already have significant user bases, such as Instagram, Messenger, and WhatsApp, and (iii) long-term techn... | [-0.015489145182073116, -0.020696358755230904, -0.007506073918193579, -0.026632318273186684, 0.0029746047221124172, 0.005299963988363743, -0.027096066623926163, -0.01130879856646061, 0.02371733821928501, -0.0024595146533101797, 0.0065057058818638325, 0.0076584480702877045, 0.002206109929829836, -0.01470740046352148, 0.... |
180 | META | 2017 | The numbers for our key metrics, our DAUs, MAUs, and average revenue per user (ARPU), do not include Instagram, WhatsApp, or Oculus users unless they would otherwise qualify as such users, respectively, based on their other activities on Facebook. In addition, other user engagement metrics do not include Instagram, Wha... | [-0.026246843859553337, 0.0051877060905098915, 0.0019755507819354534, -0.037748269736766815, -0.003502036677673459, -0.008284243755042553, -0.01930309273302555, -0.007272172253578901, -0.011581855826079845, -0.016957230865955353, 0.01544247381389141, 0.02526828460395336, -0.006296963896602392, -0.012573819607496262, -0... |
181 | META | 2017 | Trends in the number of users affect our revenue and financial results by influencing the number of ads we are able to show, the value of our ads to marketers, the volume of Payments transactions, as well as our expenses and capital expenditures. Substantially all of our daily and monthly active users (as defined below... | [-0.018762782216072083, -0.0038874943275004625, 0.019482450559735298, -0.02832409180700779, -0.011598226614296436, -0.007749286480247974, -0.040686964988708496, -0.0010192624758929014, -0.001247371663339436, -0.03387581929564476, 0.014084937982261181, 0.024841411039233208, 0.00010019936598837376, -0.010197443887591362,... |
182 | META | 2017 | •Daily Active Users (DAUs). We define a daily active user as a registered Facebook user who logged in and visited Facebook through our website or a mobile device, or used our Messenger application (and is also a registered Facebook user), on a given day. We view DAUs, and DAUs as a percentage of MAUs, as measures of us... | [-0.020779937505722046, 0.005818778183311224, 0.007287499960511923, -0.029546059668064117, -0.026892459020018578, -0.003792272415012121, -0.03131512552499771, 0.007558140903711319, -0.0022360875736922026, -0.022469792515039444, 0.005647152196615934, 0.02534782700240612, 0.0023334522265940905, 0.005947497673332691, -0.0... |
183 | META | 2017 | Note: For purposes of reporting DAUs, MAUs, and ARPU by geographic region, Europe includes all users in Russia and Turkey and Rest of World includes all users in Africa, Latin America, and the Middle East. | [0.011224004440009594, -0.01591235212981701, 0.0029668444767594337, -0.04395325109362602, -0.022409789264202118, 0.009007231332361698, -0.011574356816709042, 0.014931365847587585, -0.015377268195152283, -0.03529000282287598, 0.003586330683901906, 0.009975477121770382, -0.02061343938112259, -0.012523491866886616, -0.003... |
184 | META | 2017 | Worldwide DAUs increased 14% to 1.40 billion on average during December 2017 from 1.23 billion during December 2016. Users in India, Indonesia, and Brazil represented key sources of growth in DAUs during December 2017, relative to the same period in 2016. | [-0.009197215549647808, 0.004174966365098953, 0.0008319211192429066, -0.03220965713262558, -0.028742915019392967, -0.0100315622985363, -0.01911882497370243, 0.011163427494466305, -0.01332367304712534, -0.026181664317846298, -0.0022718156687915325, 0.016208313405513763, -0.00020777815370820463, -0.002705158432945609, 0.... |
185 | META | 2017 | •Monthly Active Users (MAUs). We define a monthly active user as a registered Facebook user who logged in and visited Facebook through our website or a mobile device, or used our Messenger application (and is also a registered Facebook user), in the last 30 days as of the date of measurement. MAUs are a measure of the ... | [-0.023040320724248886, 0.010667786933481693, 0.0054814196191728115, -0.018306367099285126, -0.02696124091744423, -0.02286984585225582, -0.03656028211116791, -0.005051954183727503, 0.00829425361007452, -0.02147982083261013, 0.02145359478890896, 0.015841040760278702, -0.002863648347556591, -0.00790740642696619, -0.00515... |
186 | META | 2017 | As of December 31, 2017, we had 2.13 billion MAUs, an increase of 14% from December 31, 2016. Users in India, Indonesia, and Vietnam represented key sources of growth in 2017, relative to the same period in 2016. | [-0.005199790000915527, -0.01693497598171234, 0.0002834517799783498, -0.015612336806952953, -0.029020274057984352, -0.014263763092458248, -0.032832589000463486, 0.009602106176316738, -0.011618482880294323, -0.015923546627163887, 0.02124003879725933, 0.001990443328395486, 0.008927819319069386, -0.01014023832976818, 0.00... |
187 | META | 2017 | We calculate our revenue by user geography based on our estimate of the geography in which ad impressions are delivered, virtual and digital goods are purchased, or virtual reality platform devices are shipped. We define ARPU as our total revenue in a given geography during a given quarter, divided by the average of th... | [0.01396885048598051, 0.006594215519726276, 0.016080573201179504, -0.03457454591989517, 0.0024871767964214087, -0.0062269591726362705, -0.020999182015657425, -0.0062269591726362705, -0.014047548174858093, -0.04380841180682182, -0.0055285170674324036, 0.029091933742165565, -0.018651366233825684, -0.015595270320773125, -... |
188 | META | 2017 | Note: Our revenue by user geography in the charts above is geographically apportioned based on our estimation of the geographic location of our users when they perform a revenue-generating activity. This allocation differs from our revenue by geography disclosure in our consolidated financial statements where revenue i... | [-0.004394396673887968, -0.020002523437142372, 0.006424800492823124, -0.008532186038792133, 0.0028002250473946333, 0.004888365510851145, -0.018796470016241074, 0.0039742025546729565, -0.014357167296111584, -0.033076655119657516, 0.015024346299469471, 0.02614826336503029, -0.011880909092724323, -0.00481459079310298, -0.... |
189 | META | 2017 | For 2017, worldwide ARPU was $20.21, an increase of 26% from 2016. Over this period, ARPU increased by 41% in Europe, 36% in United States & Canada, 33% in Rest of World, and 22% in Asia-Pacific. In addition, user growth was more rapid in geographies with relatively lower ARPU, such as Asia-Pacific and Rest of World. W... | [0.0036656358279287815, -0.006215503439307213, 0.025762345641851425, -0.0414152517914772, 0.0052412161603569984, -0.01898413524031639, -0.002059508580714464, 0.014058034867048264, -0.026726985350251198, -0.024990633130073547, -0.0015795995714142919, 0.016771892085671425, -0.010392398573458195, -0.00935701746493578, 0.0... |
190 | META | 2017 | Our consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (GAAP). The preparation of these consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses, and r... | [-0.00888509675860405, -0.015451798215508461, 0.0030280135106295347, -0.035640642046928406, -0.008057993836700916, 9.354846406495199e-05, -0.020038463175296783, 0.009649541229009628, -0.0042984322644770145, -0.022808006033301353, 0.009085606783628464, 0.02789594605565071, -0.014950523152947426, -0.0007104004616849124, ... |
191 | META | 2017 | An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, if different estimates reasonably could have been used, or if changes in the estimate that are reasonably possible could materiall... | [-0.004750034771859646, -0.00998059194535017, 0.01664947159588337, -0.04168861731886864, 0.00619160383939743, -0.00461691664531827, -0.013058536686003208, 0.009110456332564354, 0.008623439818620682, -0.017740389332175255, 0.0048149703070521355, 0.022389773279428482, -0.010623454116284847, 0.03202620893716812, -0.034311... |
192 | META | 2017 | We are subject to income taxes in the United States and numerous foreign jurisdictions. Significant judgment is required in determining our provision for income taxes and income tax assets and liabilities, including evaluating uncertainties in the application of accounting principles and complex tax laws. | [0.004692006856203079, -0.029883315786719322, 0.003424914088100195, -0.04142514988780022, 0.012859108857810497, -0.006235099863260984, -0.01395056489855051, 0.009791741147637367, 0.015305476263165474, -0.017250023782253265, 0.013887837529182434, -0.007401828654110432, -0.010782833211123943, 0.010889469645917416, -0.005... |
193 | META | 2017 | We record a provision for income taxes for the anticipated tax consequences of the reported results of operations using the asset and liability method. Under this method, we recognize deferred income tax assets and liabilities for the expected future tax consequences of temporary differences between the financial repor... | [-0.02501359023153782, -0.018329588696360588, -0.011799832805991173, -0.035785116255283356, 0.002209255238994956, 0.004669160582125187, -0.01563028059899807, -0.007339547388255596, 0.003256843890994787, -0.014666241593658924, 0.02732728235423565, 0.02253279648721218, -0.02073325775563717, 0.029306774958968163, 0.001749... |
194 | META | 2017 | We recognize tax benefits from uncertain tax positions only if we believe that it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. These uncertain tax positions include our estimates for transfer pricing that have bee... | [-0.0047997040674090385, -0.02845141477882862, 0.00997893512248993, -0.03004804439842701, 0.009939673356711864, 0.0008334864396601915, -0.018544459715485573, -0.000634725671261549, 0.002272252459079027, -0.005683085415512323, 0.034288275986909866, 0.010214502923190594, -0.010031282901763916, 0.027613839134573936, -0.01... |
195 | META | 2017 | On December 22, 2017, the 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted into law and the new legislation contains several key tax provisions that affected us, including a one-time mandatory transition tax on accumulated foreign earnings and a reduction of the corporate income tax rate to 21% effective January 1,... | [-0.02533273585140705, -0.040015868842601776, 0.0015450239880010486, -0.02771558240056038, 0.002201471943408251, -0.013937663286924362, -0.025732094421982765, -0.015095807611942291, -0.01482956763356924, -0.016999423503875732, 0.04070809483528137, 0.019222527742385864, 0.004286463838070631, 0.021046271547675133, -0.010... |
196 | META | 2017 | We are involved in legal proceedings, claims, and regulatory, tax or government inquiries and investigations that arise in the ordinary course of business. Certain of these matters include speculative claims for substantial or indeterminate amounts of damages. We record a liability when we believe that it is both proba... | [-0.002403827151283622, -0.01926962472498417, -0.008536105044186115, -0.03268814831972122, -0.01413365826010704, 0.0020202549640089273, -0.011279621161520481, 0.015563927590847015, 0.018164416775107384, -0.01657811738550663, 0.010304437950253487, 0.03196001052856445, -0.004609366878867149, 0.019256621599197388, 0.00191... |
197 | META | 2017 | We review the developments in our contingencies that could affect the amount of the provisions that have been previously recorded, and the matters and related reasonably possible losses disclosed. We make adjustments to our provisions and changes to our disclosures accordingly to reflect the impact of negotiations, set... | [-0.004409254062920809, -0.0203310064971447, 0.02086184360086918, -0.018818125128746033, 0.008984394371509552, 0.00372580299153924, -0.018658874556422234, -0.001985657261684537, -0.0009762400295585394, -0.017464494332671165, 0.012839588336646557, 0.02736457996070385, -0.016376281157135963, 0.020251382142305374, -0.0074... |
198 | META | 2017 | The outcome of litigation is inherently uncertain. Therefore, if one or more of these matters were resolved against us for amounts in excess of management's expectations, our results of operations and financial condition, including in a particular reporting period in which any such outcome becomes probable and estimabl... | [-0.013338649645447731, -0.023035302758216858, 0.0017700500320643187, -0.02471824735403061, -0.008079448714852333, 0.008874902501702309, -0.02128661796450615, 0.009939891286194324, -0.010229147039353848, -0.012194774113595486, 0.010709049180150032, 0.03265964239835739, -0.0006364455912262201, 0.018591277301311493, -0.0... |
199 | META | 2017 | We allocate the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill... | [-0.017990734428167343, -0.004787331912666559, 0.011462259106338024, -0.03512228652834892, -0.024122163653373718, 0.003889096900820732, -0.023809734731912613, 0.002309049479663372, 0.013525595888495445, -0.008546249940991402, -0.008149203844368458, 0.02569733001291752, -0.025606203824281693, 0.022963570430874825, -0.00... |
200 | META | 2017 | We review goodwill for impairment at least annually or more frequently if events or changes in circumstances would more likely than not reduce the fair value of our single reporting unit below its carrying value. As of December 31, 2017, no impairment of goodwill has been identified. | [-0.008717156946659088, -0.016091246157884598, 0.012963813729584217, -0.02201353944838047, -0.006689762696623802, 0.010693387128412724, -0.007879338227212429, 0.021617015823721886, 0.0055737365037202835, -0.019289029762148857, -0.003728615352883935, 0.0192506555467844, 0.0023040028754621744, 0.01277834177017212, -0.005... |
201 | META | 2017 | Acquired finite-lived intangible assets are amortized over their estimated useful lives. We evaluate the recoverability of our intangible assets for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. The evaluation is performed at the lowest lev... | [-0.010837453417479992, -0.006176430266350508, 0.026555698364973068, -0.021320655941963196, -0.013356571085751057, 0.011723081581294537, -0.021989798173308372, -0.010784972459077835, -0.00025502784410491586, -0.01706964522600174, 0.0020861441735178232, 0.02723795920610428, -0.00894155539572239, 0.016676032915711403, -0... |
202 | META | 2017 | In addition to the recoverability assessment, we routinely review the remaining estimated useful lives of our finite-lived intangible assets. If we reduce the estimated useful life assumption for any asset, the remaining unamortized balance would be amortized over the revised estimated useful life. | [-0.009264592081308365, -0.0063921064138412476, 0.03351893648505211, -0.03034929744899273, -0.014250170439481735, 3.461634332779795e-05, -0.02216106280684471, 0.0016112334560602903, 0.002979791257530451, 0.0023640228901058435, 0.013906792737543583, 0.01677267625927925, 0.00543461088091135, -0.0013751613441854715, -0.00... |
203 | META | 2017 | Advertising. We generate substantially all of our revenue from advertising. Our advertising revenue is generated by displaying ad products on Facebook, Instagram, Messenger, and third-party affiliated websites or mobile applications. Marketers pay for ad products either directly or through their relationships with adve... | [-0.018750369548797607, 0.002298536477610469, -0.013939929194748402, -0.012730853632092476, -0.0036530890502035618, -0.021103862673044205, -0.02023746632039547, -0.027543645352125168, -0.0016875332221388817, -0.01730206422507763, 0.003472051117569208, 0.03659554570913315, -0.026030683889985085, -0.01378475409001112, -0... |
204 | META | 2017 | Payments and other fees. Payments revenue is comprised of the net fee we receive from developers using our Payments infrastructure. Our other fees revenue, which has not been significant in recent periods, consists primarily of revenue from the delivery of virtual reality platform devices, and various other sources. | [0.00991840846836567, 0.00010014951112680137, -0.0021836759988218546, -0.014659733511507511, 0.006204696372151375, -0.008240409195423126, -0.021163608878850937, -0.005521789658814669, -0.007316858973354101, -0.04503282904624939, 0.02064329758286476, 0.023973282426595688, -0.005694142077118158, -0.017274290323257446, 0.... |
205 | META | 2017 | Cost of revenue. Our cost of revenue consists primarily of expenses associated with the delivery and distribution of our products. These include expenses related to the operation of our data centers, such as facility and server equipment depreciation, salaries, benefits, and share-based compensation for employees on ou... | [0.01248816680163145, -0.010995016433298588, -0.000424594443757087, -0.004288767464458942, 0.004515002481639385, 0.0003058211295865476, -0.008015180006623268, -0.00875852257013321, -0.008525824174284935, -0.027277465909719467, -0.021395359188318253, 0.05310702696442604, -0.004618423990905285, -0.030897224321961403, 0.0... |
206 | META | 2017 | Research and development. Research and development expenses consist primarily of share-based compensation, salaries, and benefits for employees on our engineering and technical teams who are responsible for building new products as well as improving existing products. We expense all of our research and development cost... | [0.00534522719681263, 0.0009941214229911566, 0.007343200501054525, -0.056306518614292145, -0.017748229205608368, -0.005111697595566511, 0.0052122450433671474, -0.004949524533003569, 0.004839247092604637, -0.005367931444197893, -0.0006559903849847615, 0.025311985984444618, 0.000645043735858053, -0.0036326786503195763, -... |
207 | META | 2017 | Marketing and sales. Our marketing and sales expenses consist of salaries, share-based compensation, and benefits for our employees engaged in sales, sales support, marketing, business development, and customer service functions. Our marketing and sales expenses also include marketing and promotional expenditures, prof... | [-0.006629266310483217, -0.00013948687410447747, 0.008329077623784542, -0.035834550857543945, -0.040392566472291946, -0.0049829669296741486, 0.0017360115889459848, 0.0088579086586833, 0.010545128956437111, -0.00980854406952858, -0.007712109480053186, 0.026542246341705322, -0.009487468749284744, 0.008108732290565968, -0... |
208 | META | 2017 | General and administrative. The majority of our general and administrative expenses consist of salaries, benefits, and share-based compensation for certain of our executives as well as our legal, finance, human resources, corporate communications and policy, and other administrative employees. In addition, general and ... | [0.0047071948647499084, 0.02101312205195427, 0.0020166849717497826, -0.04751903563737869, -0.01368088461458683, -0.011547637172043324, -0.0001622688869247213, 0.00537143973633647, 7.734218525001779e-05, -0.012735612690448761, 0.005326730664819479, 0.017347004264593124, 0.00710869487375021, 0.002894893055781722, -0.0081... |
209 | META | 2017 | 2017 Compared to 2016. Revenue in 2017 increased $13.02 billion, or 47%, compared to 2016. The increase was mostly due to an increase in advertising revenue, partially offset by the continuing decline in Payments revenue. | [-0.00624438002705574, -0.007799279876053333, 0.0021294697653502226, -0.009199310094118118, 0.004051412921398878, -0.027430668473243713, -0.007594850845634937, -0.005101435352116823, -0.030528079718351364, -0.03793708607554436, 0.021533198654651642, 0.008740892633795738, 0.0007879038457758725, -0.027628902345895767, 0.... |
210 | META | 2017 | The most important factor driving advertising revenue growth was an increase in revenue from ads on mobile devices. For 2017, we estimate that mobile advertising revenue represented approximately 88% of total advertising revenue, as compared with approximately 83% in 2016. Factors that influenced our advertising revenu... | [0.00017139875853899866, 0.004779396113008261, 0.006686726585030556, -0.021723954007029533, 0.0061078849248588085, -0.017599312588572502, -0.029150838032364845, -0.0087870042771101, -0.020990122109651566, -0.03049197793006897, 0.017852358520030975, 0.0383869968354702, -0.004001281224191189, -0.010052231140434742, -0.00... |
211 | META | 2017 | In 2017 compared to 2016, the average price per ad increased by 29%, as compared with approximately 5% in 2016, and the number of ads delivered increased by 15%, as compared with approximately 50% in 2016. The increase in average price per ad was driven by an increase in demand for our ad inventory; factors contributin... | [-0.005115041974931955, 0.012092988938093185, 0.0012437911937013268, -0.02878919616341591, -0.021706342697143555, -0.033366985619068146, -0.03331612050533295, -0.01143811084330082, -0.030365990474820137, -0.016747072339057922, 0.00880588311702013, 0.03512180224061012, 0.001473475364036858, -0.01762448251247406, 0.01153... |
212 | META | 2017 | Advertising spending is traditionally seasonally strong in the fourth quarter of each year. We believe that this seasonality in advertising spending affects our quarterly results, which generally reflect significant growth in advertising revenue between the third and fourth quarters and a decline in advertising spendin... | [-0.00821650866419077, -0.012909849174320698, 0.00743850227445364, -0.023934772238135338, -0.00777374068275094, -0.008279761299490929, -0.012214071117341518, -0.02131611667573452, -0.02942509576678276, -0.02001311257481575, 0.024402841925621033, 0.034055184572935104, -0.012802320532500744, -0.005177222657948732, -0.002... |
213 | META | 2017 | Payments and other fees revenue in 2017 decreased $42 million, or 6%, compared to 2016. The decline in Payments and other fees revenue was primarily due to decreased Payments revenue from games played on personal computers, partially offset by the revenue from the delivery of virtual reality platform devices. We antici... | [-0.014521848410367966, -0.003678441746160388, 0.0006125405197963119, -0.010414788499474525, -0.0019799612928181887, -0.009583140723407269, -0.030016085132956505, 0.0006893079844303429, -0.007177759427577257, -0.042580362409353256, 0.02464236132800579, 0.01502083707600832, 0.0010059738997370005, -0.008329271338880062, ... |
214 | META | 2017 | 2016 Compared to 2015. Revenue in 2016 increased $9.71 billion, or 54%, compared to 2015. The increase was mostly due to an increase in advertising revenue. | [-0.00034045244683511555, -0.011879255063831806, 0.003545815125107765, -0.02487335167825222, 0.008509956300258636, -0.024898124858736992, -0.011451899074018002, -0.007388921454548836, -0.026756195351481438, -0.023894768208265305, 0.017069460824131966, 0.012052674777805805, 0.007636663969606161, -0.02050069533288479, 0.... |
215 | META | 2017 | The most important factor driving advertising revenue growth was an increase in revenue from ads in News Feed. For 2016, we estimate that mobile advertising revenue represented approximately 83% of total advertising revenue, as compared with approximately 77% in 2015. Factors that influenced our advertising revenue gro... | [-0.00805176142603159, 0.015737244859337807, 0.005970933474600315, -0.025992978364229202, 0.005311004817485809, -0.024388941004872322, -0.036046627908945084, -0.013350135646760464, -0.015143625438213348, -0.030287250876426697, 0.022696493193507195, 0.02070092037320137, -0.009087438695132732, -0.00987051147967577, -0.00... |
216 | META | 2017 | relevance, and performance of those ads. | [-0.0228623878210783, -0.01952308602631092, -0.0011478851083666086, -0.013120565563440323, 0.0013606998836621642, 0.006934967823326588, -0.011556088924407959, -0.021508261561393738, -0.026214836165308952, -0.029843369498848915, 0.013350634835660458, 0.02947525680065155, 0.005492100492119789, -0.009584059938788414, 0.00... |
217 | META | 2017 | In 2016 compared to 2015, the average price per ad increased by 5% and the number of ads delivered increased by 50%. The increase in average price per ad was driven by a continued mix shift towards a greater percentage of our ads being shown in News Feed while the increase in the ads delivered was driven by the same fa... | [-0.012729317881166935, 0.012869550846517086, -0.0015513257822021842, -0.03559364378452301, -0.017796821892261505, -0.026134302839636803, -0.030494268983602524, -0.011314240284264088, -0.0329674668610096, -0.011110265739262104, 0.008343853987753391, 0.03556814789772034, -0.004379088990390301, -0.017286885529756546, 0.0... |
218 | META | 2017 | Payments and other fees revenue in 2016 decreased $96 million, or 11%, compared to 2015. The majority of the decrease in Payments and other fees revenue was due to decreased Payments revenue from games played on personal computers. | [-0.010022488422691822, 0.003966185729950666, 0.01328357495367527, -0.027196703478693962, -0.0008317973115481436, -0.011967808939516544, -0.020938944071531296, 0.001808391883969307, -0.005451931618154049, -0.041827522218227386, 0.02762479893863201, 0.0064843990840017796, 0.011136798188090324, 0.006559945642948151, 0.00... |
219 | META | 2017 | No customer represented 10% or more of total revenue during the years ended December 31, 2017, 2016, and 2015. | [-0.014076308347284794, -0.03714018687605858, 0.005946354474872351, -0.017823239788413048, -0.020544828847050667, -0.010588877834379673, -0.017911849543452263, 0.00017524181748740375, 0.006259653251618147, -0.031722329556941986, 0.020962560549378395, 0.033874280750751495, 0.0024225302040576935, -0.017709312960505486, -... |
220 | META | 2017 | The general weakening of the U.S. dollar relative to certain foreign currencies in the full year 2017 compared to the same period in 2016 had a favorable impact on our revenue. If we had translated revenue for the full year 2017 using the prior year's monthly exchange rates for our settlement currencies other than the ... | [-0.009734492748975754, -0.013690343126654625, -0.001648270757868886, -0.0028052921406924725, 0.008305991999804974, -0.013457645662128925, -0.015991458669304848, -0.026268910616636276, -0.02347654663026333, -0.02535105124115944, 0.029914498329162598, 0.040334153920412064, 0.019042374566197395, -0.014272085390985012, -0... |
221 | META | 2017 | The general strengthening of the U.S. dollar relative to certain foreign currencies in the full year 2016 compared to the same period in 2015 had an unfavorable impact on our revenue. If we had translated revenue for the full year 2016 using 2015 monthly exchange rates for our settlement currencies other than the U.S. ... | [-0.010203251615166664, -0.012807239778339863, 0.004147689323872328, -0.00993253942579031, 0.011260315775871277, -0.01621691696345806, -0.016242699697613716, -0.020638540387153625, -0.023268312215805054, -0.0185244120657444, 0.024015991017222404, 0.0318150669336319, 0.023745279759168625, -0.013832076452672482, -0.00825... |
222 | META | 2017 | 2017 Compared to 2016. Cost of revenue in 2017 increased $1.67 billion, or 44%, compared to 2016. The majority of the increase was due to an increase in operational expenses related to our data centers and technical infrastructure and, to a lesser extent, higher costs associated with partnership agreements, including c... | [0.00784155260771513, -0.011221097782254219, 0.0020894024055451155, -0.018099762499332428, -0.0005943311261944473, -0.012655988335609436, -0.0053934273310005665, -0.004682275466620922, -0.018351498991250992, -0.03383321315050125, 0.005881164222955704, 0.02104506455361843, 0.0030066627077758312, -0.0348149836063385, 0.0... |
223 | META | 2017 | 2016 Compared to 2015. Cost of revenue in 2016 increased $922 million, or 32%, compared to 2015. The majority of the increase was due to an increase in operational expenses related to our data centers and technical infrastructure and, to a lesser extent, higher costs associated with ads payment processing and various p... | [0.003328838851302862, -0.01006289478391409, 0.00027786733699031174, -0.025345001369714737, 0.007135044317692518, -0.008127967827022076, -0.01271069049835205, -0.0024473012890666723, -0.01787261851131916, -0.030958836898207664, 0.007396005094051361, 0.017770780250430107, 0.010603911243379116, -0.03454863652586937, 0.00... |
224 | META | 2017 | In 2018, we anticipate that the cost of revenue will increase as we continue to expand our data center capacity and technical infrastructure to support user growth, increased user engagement, and the delivery of new products and services and, to a lesser extent, due to higher costs associated with ads payment processi... | [-0.003552546724677086, -0.024321530014276505, -0.005049206782132387, -0.017171181738376617, 0.012374112382531166, 0.004822929855436087, -0.0266877394169569, -0.013537821359932423, -0.004900510422885418, -0.01647295616567135, 0.01798577792942524, 0.026299836114048958, 0.003950147423893213, -0.03382515907287598, 0.01330... |
225 | META | 2017 | 2017 Compared to 2016. Research and development expenses in 2017 increased $1.84 billion, or 31%, compared to 2016. The majority of the increase was due to an increase in payroll and benefits as a result of a 49% growth in employee headcount from December 31, 2016 to December 31, 2017 in engineering and other technical... | [-0.0008362868684343994, -0.008792401291429996, -0.005359394941478968, -0.04178180173039436, -0.01552825327962637, -0.01720733381807804, 0.0015310232993215322, -0.0013146299170330167, -0.021203288808465004, -0.004636999219655991, 0.005883294623345137, 0.008226199075579643, 0.0038234905805438757, -0.009501781314611435, ... |
226 | META | 2017 | 2016 Compared to 2015. Research and development expenses in 2016 increased $1.10 billion, or 23%, compared to 2015. The majority of the increase was due to an increase in payroll and benefits as a result of a 34% growth in employee headcount from December 31, 2015 to December 31, 2016 in engineering and other technical... | [-0.005705901421606541, -0.013017811812460423, -0.0037930533289909363, -0.04669176787137985, -0.0037538823671638966, -0.006388128735125065, 0.0030373805202543736, 0.005173829384148121, -0.023489510640501976, 0.0020238321740180254, 0.00039721789653413, 0.013370350003242493, 0.002869271906092763, -0.009838435798883438, -... |
227 | META | 2017 | In 2018, we plan to continue to hire software engineers and other technical employees, and to increase our investment to support our research and development initiatives. | [-0.010768662206828594, -0.03336915746331215, -0.007800920866429806, -0.028020698577165604, -0.0002286954695591703, 0.014740870334208012, -0.02138078399002552, 0.0036362987011671066, 0.016175823286175728, 0.004947322886437178, 0.02166777476668358, 0.017623819410800934, 0.01985451765358448, -0.033447425812482834, -0.007... |
228 | META | 2017 | 2017 Compared to 2016. Marketing and sales expenses in 2017 increased $953 million, or 25%, compared to 2016. The majority of the increase was due to increases in payroll and benefits expenses as a result of a 35% increase in employee headcount from December 31, 2016 to December 31, 2017 in our marketing and sales func... | [-0.01166590116918087, -0.007199600338935852, -0.0021901438012719154, -0.031194020062685013, -0.02579113468527794, -0.011372820474207401, -0.00012901939044240862, 0.006925633177161217, -0.0177760049700737, -0.01656545139849186, 0.010270580649375916, 0.01377481035888195, -0.0008187156054191291, -0.010831257328391075, 0.... |
229 | META | 2017 | 2016 Compared to 2015. Marketing and sales expenses in 2016 increased $1.05 billion, or 38%, compared to 2015. The majority of the increase was due to payroll and benefits expenses as a result of a 28% increase in employee headcount from December 31, 2015 to December 31, 2016 in our marketing and sales functions, and i... | [-0.014818958006799221, -0.005561912432312965, -0.00043187272967770696, -0.041651904582977295, -0.019698839634656906, -0.00920261163264513, -0.0002379502693656832, 0.00878634862601757, -0.014383482746779919, -0.014934230595827103, 0.005558710545301437, 0.012635178864002228, 0.0037367597687989473, -0.007390266750007868,... |
230 | META | 2017 | In 2018, we plan to continue the hiring of marketing and sales employees to support our marketing, sales, and partnership efforts and to increase our investment in security efforts through the hiring of employees and content reviewers. | [-0.014242464676499367, -0.029982777312397957, -0.019562406465411186, -0.032875172793865204, -0.01718650944530964, 0.011601862497627735, -0.02268722653388977, 0.008322092704474926, 0.016024386510252953, 0.0007703101146034896, 0.020195117220282555, 0.004325680434703827, -0.010239596478641033, -0.02802008017897606, 0.003... |
231 | META | 2017 | 2017 Compared to 2016. General and administrative expenses in 2017 increased $786 million, or 45%, compared to 2016. The majority of the increase was due to an increase in payroll and benefits expenses as a result of a 58% increase in employee headcount from December 31, 2016 to December 31, 2017 in general and adminis... | [-0.008083838038146496, 0.004785297904163599, -0.001926025957800448, -0.04374026134610176, -0.01759650744497776, -0.019115446135401726, -0.00537098990753293, 0.004128807689994574, -0.02526843175292015, -0.022732578217983246, 0.01334863156080246, 0.009454743936657906, 0.009100754745304585, -0.00586657552048564, 0.005930... |
232 | META | 2017 | 2016 Compared to 2015. General and administrative expenses in 2016 increased $436 million, or 34%, compared to 2015. The majority of the increase was due to an increase in payroll and benefits expenses as a result of a 43% increase in employee headcount from December 31, 2015 to December 31, 2016 in general and adminis... | [-0.011973591521382332, 0.007280976045876741, -0.0010279214475303888, -0.0509151965379715, -0.012819165363907814, -0.013283908367156982, -0.008681660518050194, 0.0029772608540952206, -0.02202366106212139, -0.01909319870173931, 0.01386483758687973, 0.00616430165246129, 0.013296818360686302, -0.0013635692885145545, 5.975... |
233 | META | 2017 | In 2018, we plan to continue to increase general and administrative expenses to support overall company growth. | [-0.018469853326678276, -0.012458563782274723, -0.0053176796063780785, -0.038208022713661194, -0.0010338097345083952, 0.004954359959810972, -0.024362239986658096, -0.003008947940543294, 0.001993304118514061, -0.004039454739540815, 0.018826568499207497, 0.015061254613101482, 0.022737208753824234, -0.01718832552433014, 0... |
234 | META | 2017 | 2017 Compared to 2016. Interest and other income, net in 2017 increased $300 million compared to 2016. The majority of the increase in 2017 was due to an increase in interest income driven by higher invested cash balances and interest rates. In addition, foreign exchange impact resulting from the periodic re-measuremen... | [-0.02089831419289112, -0.026632608845829964, 0.013596647419035435, -0.016807852312922478, -0.0021567316725850105, -0.010799586772918701, -0.00586809404194355, 0.0008211189997382462, -0.01585213653743267, -0.039069656282663345, 0.014412191696465015, 0.019203511998057365, -0.005409350618720055, -0.01266641728579998, 0.0... |
235 | META | 2017 | 2016 Compared to 2015. Interest and other income (expense), net in 2016 increased $122 million compared to 2015. Interest income, net increased mostly due to increases in interest income driven by higher invested cash balances and interest rates. In addition, the majority of the increase in other expense, net was due t... | [-0.02271631546318531, -0.014453496783971786, 0.015405909158289433, -0.027671432122588158, 0.005788477603346109, 0.0013071533758193254, -0.0019128681160509586, 0.001970785204321146, -0.009286018088459969, -0.024608269333839417, 0.007825223729014397, 0.015804892405867577, -0.0016441978514194489, -0.010219124145805836, 0... |
236 | META | 2017 | 2017 Compared to 2016. Our provision for income taxes in 2017 increased $2.36 billion, or 103%, compared to 2016, mostly due to the effects of the Tax Act that was enacted on December 22, 2017 and an increase in income before provision for income taxes, partially offset by an increase in excess tax benefits recognized ... | [-0.007973448373377323, -0.021771429106593132, 0.0029796194285154343, -0.025299502536654472, -0.00250493292696774, -0.011700378730893135, -0.012515042908489704, -0.007453859783709049, -0.0112385218963027, -0.013175755739212036, 0.02297738753259182, 0.002052698051556945, 0.007287078071385622, 0.0031367791816592216, 0.00... |
237 | META | 2017 | Our effective tax rate in 2017 increased compared to 2016, mostly due to the Tax Act and a decrease in the tax rate benefit from share-based compensation compared to 2016. These effects were partially offset by an increase in income before provision for income taxes being earned in jurisdictions with tax rates lower th... | [-0.03565816581249237, -0.00929650105535984, 0.006713420152664185, -0.05831677094101906, -0.01679326221346855, -0.014048333279788494, -0.007334913592785597, -0.009924467653036118, -0.018191620707511902, -0.019952518865466118, 0.011296931654214859, 0.008707377128303051, 0.014566244557499886, 0.003945834003388882, -0.002... |
238 | META | 2017 | 2016 Compared to 2015. Our provision for income taxes in 2016 decreased $205 million, or 8%, compared to 2015, primarily due to recognition of excess tax benefits from share-based compensation in our provision for income taxes resulting from the adoption of ASU 2016-09, partially offset by an increase in income before ... | [-0.019633490592241287, -0.013900045305490494, 0.0014948372263461351, -0.04439213499426842, -0.011117447167634964, -0.016242602840065956, -0.0158284492790699, -0.011272755451500416, -0.009111388586461544, -0.018960488960146904, 0.002814953215420246, -0.0006414534291252494, 0.01578962244093418, 0.002044885652139783, -0.... |
239 | META | 2017 | Effective Tax Rate Items. Our effective tax rate in the future will depend upon the proportion of our income before provision for income taxes earned in the United States and in jurisdictions with a tax rate lower than the U.S. statutory rate, as well as a number of other factors, including excess tax benefits from sha... | [-0.021993378177285194, -0.017697295174002647, -0.009650155901908875, -0.056220974773168564, -0.0021111720707267523, -0.008066375739872456, -0.008669110015034676, -0.014337373897433281, 0.004094102419912815, -0.0142604298889637, 0.011336528696119785, 0.021698422729969025, 0.0007654401124455035, 0.012888248078525066, -0... |
240 | META | 2017 | The portion of our income before provision for income taxes earned in jurisdictions with a tax rate lower than the U.S. statutory rate will depend upon the proportion of revenue and costs associated with the respective jurisdictions. | [0.011190309189260006, -0.024077482521533966, 0.020079566165804863, -0.03190619871020317, 0.0022351695224642754, -0.0010042997309938073, -0.0025790417566895485, -0.011569532565772533, -0.0117559302598238, -0.0013385306810960174, 0.015374623239040375, 0.017894210293889046, -0.0008199102594517171, 0.006401808001101017, 0... |
241 | META | 2017 | Integrating intellectual property from acquisitions into our business generally involves intercompany transactions that have the impact of increasing our provision for income taxes. Consequently, our provision for income taxes and our effective tax rate may initially increase in the period of an acquisition and integra... | [-0.008080624043941498, -0.030132906511425972, 0.012968097813427448, -0.0469718836247921, -0.011716904118657112, 0.008836553432047367, -0.009455633349716663, -0.014623322524130344, 0.007911191321909428, -0.01978449523448944, 0.015392284840345383, 0.01300719752907753, 0.023681441321969032, 0.014440856873989105, 0.003662... |
242 | META | 2017 | The accounting for share-based compensation will increase or decrease our effective tax rate based upon the difference between our share-based compensation expense and the deductions taken on our tax return which depends upon the stock price at the time of employee award vesting. | [-0.019540339708328247, -0.009319727309048176, 0.010518793016672134, -0.0643562376499176, -0.026925066486001015, -0.006737610790878534, -0.027331098914146423, -0.02498372085392475, 0.010011252015829086, -0.021773522719740868, 0.005161060485988855, 0.021735455840826035, 0.011559253558516502, 0.013158008456230164, 0.0029... |
243 | META | 2017 | Absent unanticipated events and unexpected effects of the Tax Act, we anticipate our effective tax rate in 2018 will be lower than it was in 2017. Our 2017 effective tax rate was significantly affected by the Tax Act. In addition, since we recognize excess tax benefits on a discrete basis, we anticipate that our effect... | [-0.03659038618206978, -0.018124578520655632, -0.007690805941820145, -0.026025371626019478, -0.01981760561466217, -0.00865543819963932, -0.012271166779100895, -0.016274061053991318, -0.026104118674993515, -0.0035533886402845383, 0.017245253548026085, 0.014725400134921074, 0.0026904696132987738, 0.01759960874915123, 0.0... |
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