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"Facebook's earnings excluding items came in at 19 cents per share versus 12 cents per share a year earlier." What were the excluded items? http://www.investo

• JumpCrisscross 13y ago
  "Share-based compensation and related payroll tax expenses and income tax adjustments" are excluded from Facebook's non-GAAP income (loss) from operations measure. Facebook believes "varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use under FASB ASC Topic 718" make it difficult for investors to gauge the "underlying performance" of "business operations" across time periods and companies. Excluded payroll tax expenses "are tied to the exercise or vesting of underlying equity awards," and to Facebook's stock price "at the time of vesting or exercise", which again may obfuscate "the operating performance". https://www.sec.gov/Archives/edgar/data/1326801/000132680113000016/ex991.htm https://www.sec.gov/Archives/edgar/data/1326801/000132680113... FB's Q2 2013 Reported Results
• jcampbell1 13y ago
  Mainly share based compensation. The GAAP rules are quirky about when you recognize the expense. Last year there was a $1B expense recognized for RSU's issued prior to 2011, which makes the GAAP numbers hard to compare.
• guscost 13y ago
  From a cursory glance at my phone, it seems that their P/E is somewhere around 576. I get that it's supposed to be a different paradigm and all that, but WHAT?!?!