LinkedIn 2012 Annual Report Download - page 72
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LINKEDIN CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Year Ended December 31,
2012 2011 2010
Net revenue ............................................ $972,309 $522,189 $243,099
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization shown
separately below) ..................................... 125,521 81,448 44,826
Sales and marketing ..................................... 324,896 164,703 58,978
Product development .................................... 257,179 132,222 65,104
General and administrative ................................ 128,002 74,871 35,064
Depreciation and amortization ............................. 79,849 43,100 19,551
Total costs and expenses .............................. 915,447 496,344 223,523
Income from operations ................................... 56,862 25,845 19,576
Other income (expense), net ................................ 252 (2,903) (610)
Income before income taxes ................................. 57,114 22,942 18,966
Provision for income taxes .................................. 35,504 11,030 3,581
Net income ............................................. $ 21,610 $ 11,912 $ 15,385
Net income attributable to common stockholders ................. $ 21,610 $ 11,912 $ 3,429
Net income per share of common stock:
Basic .............................................. $ 0.21 $ 0.15 $ 0.08
Diluted ............................................ $ 0.19 $ 0.11 $ 0.07
Weighted-average shares used to compute net income per share:
Basic .............................................. 105,166 77,185 42,446
Diluted ............................................ 112,844 104,118 46,459
See notes to consolidated financial statements.
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