Zynga 2014 Annual Report Download - page 49

Table of Contents
ITEM 6. SELECTED CONSOLIDATED FINANCIAL AND OTHER DATA
The following selected consolidated financial and other data should be read in conjunction with “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” and our audited consolidated financial statements and related notes, which are included
elsewhere in this Annual Report on Form 10-K. The consolidated statements of operations data for the years ended December 31, 2014, 2013
and 2012 as well as the consolidated balance sheet data as of December 31, 2014 and 2013 are derived from the audited consolidated financial
statements that are included elsewhere in this Annual Report on Form 10-K. The consolidated statement of operations data for the 12 months
ended December 31, 2011 and 2010, as well as the consolidated balance sheet data as of December 31, 2012, 2011 and 2010, are derived from
audited consolidated financial statements that are not included in this Annual Report on Form 10-K. Our historical results are not necessarily
indicative of the results to be expected in the future.
46
Year Ended December 31,
2014
2013
2012
2011
2010
(in thousands, except per share, user and ABPU data)
Consolidated Statements of Operations Data:
Revenue:
Online game
$
537,619
$
759,572
$
1,144,252
$
1,065,648
$
574,632
Advertising and other
152,791
113,694
137,015
74,452
22,827
Total revenue
690,410
873,266
1,281,267
1,140,100
597,459
Costs and expenses:
Cost of revenue
213,570
248,358
352,169
330,043
176,052
Research and development
396,553
413,001
645,648
727,018
149,519
Sales and marketing
157,364
104,403
181,924
234,199
114,165
General and administrative
167,664
162,918
189,004
254,456
32,251
Impairment of intangible assets
—
10,217
95,493
—
—
Total costs and expenses
935,151
938,897
1,464,238
1,545,716
471,987
Income (loss) from operations
(244,741
)
(65,631
)
(182,971
)
(405,616
)
125,472
Interest income
3,266
4,148
4,749
1,680
1,222
Other income (expense), net
8,248
(3,386
)
18,647
(2,206
)
365
Income (loss) before income taxes
(233,227
)
(64,869
)
(159,575
)
(406,142
)
127,059
Provision for (benefit from) income taxes
(7,327
)
(27,887
)
49,873
(1,826
)
36,464
Net income (loss)
$
(225,900
)
$
(36,982
)
$
(209,448
)
$
(404,316
)
$
90,595
Deemed dividend to a Series B
-
2 convertible preferred stockholder
—
—
—
—
4,590
Net income attributable to participating securities
—
—
—
—
58,110
Net income (loss) attributable to common stockholders
$
(225,900
)
$
(36,982
)
$
(209,448
)
$
(404,316
)
$
27,895
Net income (loss) per share attributable to common stockholders
Basic
$
(0.26
)
$
(0.05
)
$
(0.28
)
$
(1.40
)
$
0.12
Diluted
$
(0.26
)
$
(0.05
)
$
(0.28
)
$
(1.40
)
$
0.11
Weighted average common shares used to compute net income (loss) per share attributable to common
stockholders:
Basic
874,509
799,794
741,177
288,599
223,881
Diluted
874,509
799,794
741,177
288,599
329,256
Other Financial and Operational Data:
Bookings
$
694,300
$
716,176
$
1,147,627
$
1,155,509
$
838,896
Adjusted EBITDA
$
39,932
$
46,549
$
213,233
$
303,274
$
392,738
Average DAUs (in millions)
27
37
63
57
56
Average MAUs (in millions)
118
171
302
233
217
Average MUUs (in millions)
81
112
180
151
116
ABPU
$
0.071
$
0.053
$
0.050
$
0.055
$
0.041
See the section titled “Non-GAAP Financial Measures” below for how we define and calculate bookings, a reconciliation between bookings and revenue, the most directly comparable
GAAP financial measure and a discussion about the limitations of bookings and adjusted EBITDA.
See the section titled “Non-GAAP Financial Measures” below for how we define and calculate adjusted EBITDA, a reconciliation between adjusted EBITDA and net income (loss), the
most directly comparable GAAP financial measure and a discussion about the limitations of bookings and adjusted EBITDA.
(1)
(2)
(3)
(4)
(5)
(6)
(1)
(2)