Exclusive Interview with Doctors 2.0 & You Promoter, Denise Silber

The biggest healthcare social media event is happening June 4-5, 2015 in Paris, France.
By Doug Kale

denise-silber

Denise Silber, Doctors 2.0 & You Promoter

The Doctors 2.0 & You conference is both informative and unique because it mashes together healthcare and social media into one brilliant collaborative event in Paris, France. It was ahead of its time when in first launched five years ago, and it’s still evolving along with today’s technology.

Denise Silber, the event’s creator and promoter states the following about Doctors 2.0, “Our goal is to identify the ways in which the inclusion of health 2.0 tools and social media platforms can improve care and translate this into the words of a manifesto.” The site goes on to list 95 points of the manifesto and it’s something we should all read and soak in.
Although Ms. Silber has been very busy getting ready for her upcoming 2015 Doctors 2.0 & You event in Paris (June 4 and 5, 2015), we were able to catch a few minutes of her time.

Social Media Tab: Can you tell us a little about Doctors 2.0 and your next conference?

Denise Silber: Doctors 2.0 & You is going on it’s 5th edition. Our subtitle is “Innovative. Insightful. Inspiring, Doctors 2.0 & You is THE international digital health event.”Doctors20_2015_Happy_New_Year_Card

We bring together patients, professionals, managers from healthcare and tech, and even government from around the world.That’s why there is the “And You”…Whomever you are, if you’re in the health space, “you” can be involved.

The conference was one of the earliest to be “patient-inclusive,” meaning that patients are speakers, participants, part of the brainstorming, etc.

A few more points about this beloved conference. The speakers are fantastic…they are creative, humble, passionate about what they do.

I love to interview them before we make our decisions and I’d say that they become friends…By the time we meet in person at the event, we’ve had a fair bit of communication. We follow each other on social media. And it’s “profound.”

For example, this time we are going to have an amazing physician from the Philippines speaking. When her workfriends found out she’s coming, they went crazy with joy for her. It’s her dream to speak at Doctors 2.0 & You. She organized tweetchats from the Philippines, based on ours.

 

Social Media Tab: So, what are the hot topics?

doctors-20-and-you-2Denise Silber: Well, Doug, the funny thing, is that every time we turn around, there’s something new to add to the conference and yet, we can’t get rid of the earlier themes, because they are also evolving.
So, we’ll again be talking about social media and communities and mobile apps.
Google Glass was really hot in June 2014 and we have to talk about it, but in a different way, because of the shift around the product.

And now, we’re going to make space for artificial intelligence, like with IBM Watson, and Big Data and even more than before, talk about connected objects.

 

Social Media Tab: Which social media platforms do you use to promote Doctors 2.0?

Denise Silber: The usual suspects: Twitter, Facebook, Linkedin, Google+, but also Lanyrd which is for events.

 

Social Media Tab: We recently spotted you on twitter during a Tweetchat and noticed that you were trending on Twitter’s Top 10 in the US. Can you tell us about that and what you did to promote the chat?

Denise Silber: We are very fortunate promotionwise. Our fans are very excited about our events and they share and share information about the conference and our events. We leave at least two weeks lead to get people informed about a Tweetchat.

Social Media Tab: Since Doctors 2.0 brings together healthcare representatives from around the world, how do you see social media making an impact in the medical field?

Denise Silber: Social media is making an impact. Doctors are communicating with their peers much more regularly about news and about medical questions.
Patients are finding support from people like themselves. And we’ll be talking about the dialogue between patients and physicians, which we think is beginning to happen.

Social Media Tab: What social media advice could you give to people in healthcare who may not have heard of or tweeted in a Doctors 2.0 Tweetchat?

Denise Silber: They should definitely try one and if they can’t make it, we’ve got our transcripts up on our site. Search on transcript in our search box.

Michael-WeissSocial Media Tab: How often do you set up Tweetchats and when can we look forward to your next one?
Denise Silber: We recently had a Tweetchat about the impact of healthcare social media on the patient-doctor relationship.
We had an amazing guy named Michael Weiss from New Jersey that moderated the Tweetchat. He’s @hospitalpatient Check him out
He’s got a law degree, he’s really funny, he’s a fulltime patient and he knows a ton about producing video..How’s that for talent?

Follow us at @doctors20 on Twitter to find out when our next Tweetchat will be happening.

Social Media Tab: Thank you very much for the interview, Denise, and we wish you much success with Doctors 2.0 & You. For more information on Doctors 2.0 and the upcoming event, go to: http://www.doctors20.com/ .

Posted On 27 May 2015

Unbelieveable Video on How To Get A Car Out of Icy Water!

RussianIcyWaterAmazing video of using one’s brain to pull a large object out of icy waters. Watch this amazing YouTube video from Russia and let us know what you think of this incredible feat?
VIDEO

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Posted On 25 Nov 2013

Grand Theft Auto V Game – Social Media Sites Buzzing About 1 Billion Dollars

gta5 artWhen Rockstar’s Grand Theft Auto V (five) game hit the retail scene on September 17, 2013, it seemed like just another game release day, right? Wrong. The social media buzz has been building for months for GTA 5 and gamers couldn’t wait to get their hands on a copy. The debate is still going whether the XBOX 360 or PS3 version is the way to go, but none the less, it’s a HOT game.

According to a Reuters Press Release, GTA 5 has surpassed the $1 Billion dollar mark in sales, yes that’s a “B” in Billion, within the first three days of retail sales. That’s a new all time record for an entertainment product. This game has reached a billion mark faster than any other video game or blockbuster Hollywood film. It’s truly an amazing feat that no one should take lightly. Rockstar did release a “Making of Grand Theft Auto” film to build hype around the game. But, will there be a Hollywood film to follow? Not sure, because video games that turn into films typically have not done well. BUT, perhaps this one could change things around? What do you think, would you go to see the movie version of this game?

Here are some interesting stats on the new game:

Scene from GTA 5

Scene from GTA 5

* First day sales toppled $800 Million

* 5th installment of a 16-year old game

* 5 years in development

* Production cost is between $200 and $250 Million

* In 2012, Activision Blizzard’s Call Of Duty: Black Ops II hit $1 Billion in 15 days

* GTA 5 is currently only available on PS3 and XBOX360 (total gamers who own these consoles is 160 Million)

* Rockstar is now preparing to launch Grand Theft Auto V on the new PS4 and XBOX One in November

* Time Magazine’s Rating: “You’ve never seen a game world as thoroughly realized…as irresistible to play as it is to admire.” – Time, 5/5

Interesting Twitter Tweets:

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Posted On 22 Sep 2013

Student Creates YouTube Video On Solving Rubik’s Cube

Solving Rubik's Cube - SocialMediaTAB.com

Solving Rubik’s Cube – SocialMediaTAB.com

Solving Rubik’s Cube has been one of the most fun and time-consuming toys ever produced. About 80% of the people who have tried to completely solve a Rubik’s Cube have not succeeded. So, a smart student at CMU by the name of Chris Barker, decided to take on the task of creating a 3-D engine for his Fundamentals of Programming and Computer Science term project. His goal was to create a program that would help anyone solve the cube. All you would have to do is hold your cube up to the cam on your computer and this program automatically matches the colored squares on your cube. Chris decided to post it on YouTube for everyone to see how it works. Check it out and let us know what you think.

WATCH THE VIDEO

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Posted On 21 Sep 2013

Apple CEO, Tim Cook, Joins Twitter on iPhone 5S and 5C Release Day

Apple CEO Joins Twitter - AppsGacdgetsETC.com

Apple CEO Joins Twitter – AppsGadgetsETC.com

It’s official! Apple CEO, Tim Cook, creates his first Twitter account to kick off the releases of the new iPhone 5S and 5C. Mr. Cook’s first tweet is as follows: “Visited Retail Stores in Palo Alto today. Seeing so many happy customers reminds us of why we do what we do.” – @tim_cook.

It’s amazing that Mr.Cook didn’t have a Twitter account previously, but it was great timing on his part. Within the first few hours of joining Twitter more than 70,000 people logged on and followed him. His Twitter account states: CEO Apple, Fan of Auburn football and Duke basketball.

Will you be following him on Twitter too? What would you like to see him tweet?

 

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Posted On 20 Sep 2013

Pinterest To Test Advertisement Pins – Awaiting Your Comments

Pinterest - SocialMediaTAB.com

Pinterest – SocialMediaTAB.com

In a recent letter sent to all of their members, Pinterest explained that they want to be a profitable company and be here for years to come. You knew this was coming and no one should be shocked. It should all be taken in and accepted. Pinterest (launched March 2010) has grown very rapidly over the past few years.  Pinterest had more than 11.7 million unique users as of January 2012 and became the fastest site in history to break through the 10 million unique visitor mark. According to ComScore’s most recent numbers as of February 2013, Pinterest had 48.7 million users globally. So, now their business needs some help to keep things moving along nicely. After all, you’ve been pinning your wishlists and photos for free, right? If a few promoted pins start showing up, it could offer even more ideas. Here’s a copy of the most recent letter sent to its users in case you didn’t read it or receive it.

Just over a year ago, my wife and I welcomed our son into the world. Since his first day, I’ve been pinning fun things we can do together, right now while he’s still littleand later when he gets older. I know many of you do the same. Pinterest is where you keep your wishlists, vacation plans, dream home ideas, and other things you want to do soon and in the future.That’s why for us, it’s so important that Pinterest is a service that will be here to stay. To help make sure it does, we’re going to start experimenting with promoting certain pins from a select group of businesses.

I know some of you may be thinking, “Oh great…here come the banner ads.” But we’re determined to not let that happen. While we haven’t figured out all the details, I can say that promoted pins will be:

  • Tasteful—No flashy banners or pop-up ads.
  • Transparent—We’ll always let you know if someone paid for what you see, or where you see it.
  • Relevant—These pins should be about stuff you’re actually interested in, like a delicious recipe, or a jacket that’s your style.
  • Improved based on your feedback—Keep letting us know what you think, and we’ll keep working to make things better.

 

For our first test, we’ll promote a few pins in search results and category feeds. For example, a pin for a Darth Vader outfit from a costume shop might be promoted in a search for “halloween.” Nobody’s paying for anything yet—we want to see how things go and, more than anything, hear what you think.

Thanks so much for all your support these first few years, and we hope you’ll keep pinning with us for many years to come!

All the best, 
Ben

SO, there you have it people. What do you think of Pinterest’s new move to keep their site growing and moving to the next level? Will you continue to be a pinner? Please comment below…

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Posted On 20 Sep 2013

Ups and Downs of Apple Stock and The New iPhone 5S

iPhone 5S Fingerprint ID Controversy on Twitter - SocialMediaTAB.com

iPhone 5S Fingerprint ID Controversy on Twitter – SocialMediaTAB.com

Since releasing the news about their iPhone 5C and the iPhone 5S, there have been lots of yays and nays from people within the mobile phone industry and techies in the media. Whichever way you do look at these new products, they will forever change our lives both personally and in business. For example, many tweeters on Twitter have been commenting about how the new features will affect them. The biggest discussion is on the Fingerprint ID feature. WIRED states, “Apple’s Fingerprint IS May Mean You Can’t Take the Fifth.” the new feature they’re referring to is the biometric authentication process on the new iPhone. This new feature allows the iPhone user to unlock the phone when the phone scans the users fingerprint after pressing the home key.

WIRED also stated, “Because the constitutional protection of the Fifth Amendment, which guarantees that “no person shall be compelled in any criminal case to be a witness against himself,” may not apply when it comes to biometric-based fingerprints (things that reflect who we are) as opposed to memory-based passwords and PINs (things we need to know and remember).” They bring up an excellent point. Well done, WIRED!

Whast do you think of the new fingerprint status? Many believe this will be commonplace with personalized technologies in the near future. Within the next five years many devices within the home such as TV, stereo, dishwasher, refrigerator and others will be connected to our smartphones and smartwatches. It will be the future and many people already have a head start on them.

So, do you believe a fingerprint ID status is a good or bad idea for the new iPhone 5S? Let us know what you think.

 

 

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Posted On 12 Sep 2013

Khloe Kardashian Shrugs Off the Lamar Odom Hype on Twitter

Khloe Kardashian and her friends post on Instagram

Khloe Kardashian and her friends post on Instagram

One day after her NBA star husband, Lamar Odom, was arrested for DUI, Khloe Kardashian does a smart thing… posts an Instagram photo of her with friends to divert the attention away from Lamar. Did it work? Some Hollywood experts think so. When entertainment news hits, people usually turn to Twitter to catch the latest buzz, right? So, Khloe hopped on the bandwagon and posted something other than Khloe/Lamar photos and info. That in turn got people tweeting about something else. This girl is smart!

What do you think about her Instagram photo posting?

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Posted On 30 Aug 2013

Facebook Reports Financial Results for Second Quarter 2013

 

Facebook Second Quarter 2013 Results - SocialMediaTAB.com

Facebook Second Quarter 2013 Results – SocialMediaTAB.com

Facebook, Inc. (NASDAQ: FB) today reported financial results for the second quarter, which ended June 30, 2013.

“We’ve made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile,” said Mark Zuckerberg, Facebook founder and CEO. “The work we’ve done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future.”

Second Quarter 2013 Financial Summary

In millions, except percentages and per share amounts Q2’12 Q2’13 YTD’12 YTD’13
Revenue $ 1,184 $ 1,813 $ 2,242 $ 3,271
Income (Loss) from Operations
GAAP $ (743) $ 562 $ (362) $ 935
Non-GAAP $ 515 $ 794 $ 1,000 $ 1,357
Operating Margin
GAAP (63%) 31% (16%) 29%
Non-GAAP 43% 44% 45% 41%
Net Income (Loss)
GAAP $ (157) $ 333 $ 48 $ 552
Non-GAAP $ 295 $ 488 $ 582 $ 800
Diluted Earnings (Loss) per Share (EPS)
GAAP $ (0.08) $ 0.13 $ 0.02 $ 0.22
Non-GAAP $ 0.12 $ 0.19 $ 0.24 $ 0.32

Second Quarter 2013 Operational Highlights

 

  • Daily active users (DAUs) were 699 million on average for June 2013, an increase of 27% year-over-year.
  • Monthly active users (MAUs) were 1.15 billion as of June 30, 2013, an increase of 21% year-over-year.
  • Mobile MAUs were 819 million as of June 30, 2013, an increase of 51% year-over-year.  Mobile DAUs were 469 million on average for June 2013.

Recent Business Highlights

 

  • Surpassed 1 million active advertisers on Facebook, driven by significant growth in local businesses.
  • Introduced video for Instagram and saw 5 million videos uploaded in the first 24 hours.
  • Facebook for Every Phone has now passed 100 million monthly active users.  In just two years, Facebook for Every Phone has successfully putFacebook into the hands of millions of people around the world with limited access to the Internet, giving them the power to connect and share.
  • Launched products including Verified Pages, hashtags and embedded posts to help people on Facebook connect with their friends about what’s taking place all over the world.
  • Announced that there have now been over 100,000 apps built on Parse, a cloud-based platform that provides scalable cross-platform services and tools for developers to enable them to build apps that span mobile platforms and devices.
  • Facebook’s data center in Lulea, Sweden, began serving live user traffic around the world using Facebook’s Open Compute Project designs and renewable energy.

Second Quarter 2013 Financial Highlights

 

Revenue — Revenue for the second quarter of 2013 totaled $1.81 billion, an increase of 53%, compared with $1.18 billion in the second quarter of 2012.

  • Revenue from advertising was $1.60 billion, representing 88% of total revenue and a 61% increase from the same quarter last year.
  • Mobile advertising revenue represented approximately 41% of advertising revenue for the second quarter of 2013.
  • Payments and other fees revenue was $214 million for the second quarter of 2013, an increase of 11% from the same quarter last year.

Costs and expenses — GAAP costs and expenses for the second quarter of 2013 were $1.25 billion, a decrease of 35% from the second quarter of 2012, as costs in the second quarter of 2012 were materially impacted by the share-based compensation expense resulting from our IPO.  Excluding share-based compensation and related payroll tax expenses, non-GAAP costs and expenses were $1.02 billion in the second quarter, up 52% compared to $669 million for the second quarter of 2012.

Income (loss) from operations — For the second quarter of 2013, GAAP income from operations was $562 million, compared to a GAAP loss from operations of $743 million in the second quarter of 2012. Excluding share-based compensation and related payroll tax expenses, non-GAAP income from operations for the second quarter was $794 million, up 54% compared to $515 million for the second quarter of 2012.

Operating margin — GAAP operating margin was 31% for the second quarter of 2013, compared to negative 63% in the second quarter of 2012. Excluding share-based compensation and related payroll tax expenses, non-GAAP operating margin was 44% for the second quarter of 2013, compared to 43% for the second quarter of 2012.

 

Provision for income taxes — GAAP income tax expense for the second quarter of 2013 was $212 million, representing a 39% effective tax rate. Excluding share-based compensation and related payroll tax expenses, the non-GAAP effective tax rate would have been approximately 37%.

Net income (loss) and EPS  For the second quarter of 2013, GAAP net income was $333 million, compared to a net loss of $157 million for the second quarter of 2012. Excluding share-based compensation and related payroll tax expenses and income tax adjustments, non-GAAP net income for the second quarter of 2013 was $488 million, up 65% compared to $295 million for the second quarter of 2012.  GAAP diluted EPS was $0.13 in the second quarter of 2013, compared to a loss per share of $0.08 in the second quarter of 2012.  Excluding share-based compensation and related payroll tax expenses and income tax adjustments, non-GAAP diluted EPS for the second quarter of 2013 was $0.19, up 58% compared to $0.12 in the second quarter of 2012.

Capital expenditures — Capital expenditures for the second quarter of 2013 were $268 million, a 35% decrease from the second quarter of 2012.

Cash and marketable securities — Cash and marketable securities were $10.3 billion at the end of the second quarter of 2013.

 

 

About Facebook

 

Founded in 2004, Facebook’s mission is to give people the power to share and make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what’s going on in the world, and to share and express what matters to them.

 

FACEBOOK, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except for per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
2012 2013 2012 2013
Revenue $ 1,184 $ 1,813 $ 2,242 $ 3,271
Costs and expenses:
Cost of revenue 367 465 644 878
Research and development 705 344 858 637
Marketing and sales 392 269 535 472
General and administrative 463 173 567 349
Total costs and expenses 1,927 1,251 2,604 2,336
Income (loss) from operations (743) 562 (362) 935
Interest and other (expense) income, net:
Interest expense (10) (14) (24) (29)
Other (expense) income, net (12) (3) 3 (8)
Income (loss) before provision for income taxes (765) 545 (383) 898
(Provision for) benefit from income taxes 608 (212) 431 (346)
Net income (loss) $ (157) $ 333 $ 48 $ 552
Less: Net income attributable to participating securities 2 21 3
Net income (loss) attributable to Class A and Class B common stockholders $ (157) $ 331 $ 27 $ 549
Earnings (loss) per share attributable to Class A and Class B
common stockholders:
Basic $ (0.08) $ 0.14 $ 0.02 $ 0.23
Diluted $ (0.08) $ 0.13 $ 0.02 $ 0.22
Weighted-average shares used to compute earnings (loss) per share
attributable to Class A and Class B common stockholders:
Basic 1,879 2,407 1,613 2,397
Diluted 1,879 2,502 1,792 2,499
Share-based compensation expense included in costs and expenses:
Cost of revenue $ 66 $ 11 $ 71 $ 19
Research and development 545 151 605 268
Marketing and sales 232 33 251 57
General and administrative 263 29 282 50
Total share-based compensation expense $ 1,106 $ 224 $ 1,209 $ 394
Payroll tax expenses related to share-based compensation included in costs and expenses:
Cost of revenue $ 6 $ – $ 6 $ 1
Research and development 48 7 49 18
Marketing and sales 25 1 25 5
General and administrative 73 73 4
Total payroll tax expenses related to share-based compensation $ 152 $ 8 $ 153 $ 28

 

FACEBOOK, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
December 31, June 30,
2012 2013
Assets
Current assets:
Cash and cash equivalents $ 2,384 $ 3,001
Marketable securities 7,242 7,251
Accounts receivable 719 775
Income tax refundable 451 7
Prepaid expenses and other current assets 471 387
Total current assets 11,267 11,421
Property and equipment, net 2,391 2,577
Goodwill and intangible assets, net 1,388 1,631
Other assets 57 95
Total assets $ 15,103 $ 15,724
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 65 $ 55
Platform partners payable 169 172
Accrued expenses and other current liabilities 423 505
Deferred revenue and deposits 30 32
Current portion of capital lease obligations 365 316
Total current liabilities 1,052 1,080
Capital lease obligations, less current portion 491 351
Long-term debt 1,500 1,500
Other liabilities 305 444
Total liabilities 3,348 3,375
Stockholders’ equity
Common stock and additional paid-in capital 10,094 10,167
Accumulated other comprehensive income (loss) 2 (29)
Retained earnings 1,659 2,211
Total stockholders’ equity 11,755 12,349
Total liabilities and stockholders’ equity $ 15,103 $ 15,724

 

 

 

FACEBOOK, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
2012 2013 2012 2013
Cash flows from operating activities
Net income (loss) $ (157) $ 333 $ 48 $ 552
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 139 230 249 463
Lease abandonment expense 3 57 3 65
Loss on disposal or write-off of equipment 3 11 4 20
Share-based compensation 1,106 224 1,209 394
Deferred income taxes (350) 26 (374) 19
Tax benefit from share-based award activity 327 89 381 148
Excess tax benefit from share-based award activity (327) (93) (381) (155)
Changes in assets and liabilities:
Accounts receivable (105) (116) (40) (62)
Income tax refundable (567) 419 (567) 444
Prepaid expenses and other current assets 26 10 (7) (16)
Other assets (3) (8) (9) (44)
Accounts payable (5) 1 (8) 2
Platform partners payable (22) (18) (15) 3
Accrued expenses and other current liabilities 184 42 186 9
Deferred revenue and deposits (8) 2 (5) 2
Other liabilities (4) 113 7 197
Net cash provided by operating activities 240 1,322 681 2,041
Cash flows from investing activities
Purchases of property and equipment (413) (268) (866) (595)
Purchases of marketable securities (6,081) (1,952) (6,957) (3,460)
Sales of marketable securities 59 576 128 1,275
Maturities of marketable securities 539 1,271 1,106 2,174
Investments in non-marketable equity securities (2) (1) (3) (1)
Acquisitions of businesses, net of cash acquired, and purchases of intangible assets (550) (122) (575) (221)
Changes in restricted cash and deposits (2) (2) (3) 4
Net cash used in investing activities (6,450) (498) (7,170) (824)
Cash flows from financing activities
Net proceeds from issuance of common stock 6,761 6,761
Taxes paid related to net share settlement of equity awards (153) (558)
Proceeds from exercise of stock options 4 2 9 10
Proceeds from sale and lease-back transactions 20 82
Principal payments on capital lease obligations (72) (91) (143) (200)
Excess tax benefit from share-based award activity 327 93 381 155
Net cash provided by (used in) financing activities 7,040 (149) 7,090 (593)
Effect of exchange rate changes on cash and cash equivalents (14) 1 (15) (7)
Net increase in cash and cash equivalents 816 676 586 617
Cash and cash equivalents at beginning of period 1,282 2,325 1,512 2,384
Cash and cash equivalents at end of period $ 2,098 $ 3,001 $ 2,098 $ 3,001
Supplemental cash flow data
Cash paid during the period for:
Interest $ 10 $ 14 $ 19 $ 26
Income taxes $ 8 $ 9 $ 182 $ 18
Cash received during the period for:
Income taxes $ – $ 419 $ – $ 419
Non-cash investing and financing activities:
Net change in accounts payable and accrued expenses and other current liabilities related to property and equipment additions $ (169) $ (52) $ (59) $ (5)
Property and equipment acquired under capital leases $ 52 $ – $ 90 $ 11
Fair value of shares issued related to acquisitions of businesses and other assets $ 18 $ 44 $ 25 $ 77

 

 

Reconciliation of Non-GAAP Results to Nearest GAAP Measures
(In millions, except for number of shares)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
2012 2013 2012 2013
GAAP revenue $ 1,184 $ 1,813 $ 2,242 $ 3,271
Foreign exchange effect on 2013 revenue using 2012 rates 13 17
Revenue excluding foreign exchange effect $ 1,826 $ 3,288
GAAP revenue year-over-year change % 53% 46%
Revenue excluding foreign exchange effect year-over-year change % 54% 47%
GAAP advertising revenue $ 992 $ 1,599 $ 1,864 $ 2,844
Foreign exchange effect on 2013 advertising revenue using 2012 rates 13 16
Advertising revenue excluding foreign exchange effect $ 1,612 $ 2,860
GAAP advertising revenue year-over-year change % 61% 53%
Advertising revenue excluding foreign exchange effect year-over-year change % 63% 53%
GAAP costs and expenses $ 1,927 $ 1,251 $ 2,604 $ 2,336
Share-based compensation expense (1,106) (224) (1,209) (394)
Payroll tax expenses related to share-based compensation (152) (8) (153) (28)
Non-GAAP costs and expenses $ 669 $ 1,019 $ 1,242 $ 1,914
GAAP income (loss) from operations $ (743) $ 562 $ (362) $ 935
Share-based compensation expense 1,106 224 1,209 394
Payroll tax expenses related to share-based compensation 152 8 153 28
Non-GAAP income from operations $ 515 $ 794 $ 1,000 $ 1,357
GAAP net income (loss) $ (157) $ 333 $ 48 $ 552
Share-based compensation expense 1,106 224 1,209 394
Payroll tax expenses related to share-based compensation 152 8 153 28
Income tax adjustments (806) (77) (828) (174)
Non-GAAP net income $ 295 $ 488 $ 582 $ 800
GAAP diluted shares 1,879 2,502 1,792 2,499
Assumed preferred stock conversion1 273 409
Dilutive securities excluded due to net loss 177
Dilutive equity awards excluded from GAAP1 122 185
Non-GAAP diluted shares 2,451 2,502 2,386 2,499
GAAP diluted earnings (loss) per share $ (0.08) $ 0.13 $ 0.02 $ 0.22
Net income attributable to participating securities 0.01
Non-GAAP adjustments to net (loss) income 0.24 0.06 0.29 0.10
Non-GAAP adjustments to diluted shares (0.04) (0.08)
Non-GAAP diluted earnings per share $ 0.12 $ 0.19 $ 0.24 $ 0.32
GAAP operating margin (63%) 31% (16%) 29%
Share-based compensation expense 93% 12% 54% 12%
Payroll tax expenses related to share-based compensation 13% -% 7% 1%
Non-GAAP operating margin 43% 44% 45% 41%
GAAP income (loss) before (provision for) benefit from income taxes $ (765) $ 545 $ (383) $ 898
GAAP (provision for) benefit from income taxes 608 (212) 431 (346)
GAAP effective tax rate 79% 39% 113% 39%
GAAP income (loss) before (provision for) benefit from income taxes $ (765) $ 545 $ (383) $ 898
Share-based compensation and related payroll tax expenses 1,258 232 1,362 422
Non-GAAP income before provision for income taxes $ 493 $ 777 $ 979 $ 1,320
Non-GAAP provision for income taxes 198 289 397 520
Non-GAAP effective tax rate 40% 37% 41% 39%
Net cash provided by operating activities $ 240 $ 1,322 $ 681 $ 2,041
Purchases of property and equipment (413) (268) (866) (595)
Property and equipment acquired under capital leases (52) (90) (11)
Free cash flow $ (225) $ 1,054 $ (275) $ 1,435
1 Gives effect to assumed preferred stock conversion and other dilutive equity awards prior to our IPO for comparability

 

SOURCE Facebook, Inc.

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Posted On 24 Jul 2013

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Posted On 03 Jun 2013
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