Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q4 2015 Earnings Call. For more information, check out http://investors.linkedin.com/.
The LinkedIn Economic Confidence Outlook (LECO) is a survey of global business leaders. The Q2 2014 LECO survey was conducted during June 2014. More than 13,000 LinkedIn members, director-level and above, from various industries responded to the survey.
Follow our Economic Graph Showcase Page at: https://www.linkedin.com/company/linkedin-economic-graph
Deloitte M&A Trends Report 2015: Our annual comprehensive look at the M&A marketDeloitte United States
According to the findings of the 2015 M&A Trends Report, an overwhelming majority of the 2,500 surveyed executives at US corporations and private equity firms expect the robust pace of mergers and acquisitions to extend – or even accelerate – in 2015. This momentum is expected across the board, in private and public businesses, in multiple industry sectors, in companies and private equity firms large, small, and in between.
Read more: http://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/articles/ma-trends-report-2015.html
We are pleased to present Driving Value: 2015 Midyear Automotive M&A Insights, PwC's review of mergers and acquisitions (M&A) activity and key trends impacting the global automotive industry. In this edition, we look at:
The status of global automotive deal activity amongst vehicle manufacturers, suppliers, financiers, and other related sectors
Key trends that impacted the deal market
Transaction activity by sector and region
Our perspective on the journey to the future
This latest edition is meant to serve only as a preface to the insights and observations that we can provide to drive successful transactions. M&A leaders in the automotive and financial sectors frequently turn to us for advice on potential transactions and the strategies underpinning those deals. Your feedback is important to us, and we welcome the opportunity to provide you with a deeper look into any of these trends that may be of benefit to your organization.
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwC
PwC's technology industry publication provides a comprehensive analysis of recent SEC staff comments and disclosures to assist you in understanding the key trends relevant to companies in the technology sector.
The LinkedIn Economic Confidence Outlook (LECO) is a survey of global business leaders. The Q2 2014 LECO survey was conducted during June 2014. More than 13,000 LinkedIn members, director-level and above, from various industries responded to the survey.
Follow our Economic Graph Showcase Page at: https://www.linkedin.com/company/linkedin-economic-graph
Deloitte M&A Trends Report 2015: Our annual comprehensive look at the M&A marketDeloitte United States
According to the findings of the 2015 M&A Trends Report, an overwhelming majority of the 2,500 surveyed executives at US corporations and private equity firms expect the robust pace of mergers and acquisitions to extend – or even accelerate – in 2015. This momentum is expected across the board, in private and public businesses, in multiple industry sectors, in companies and private equity firms large, small, and in between.
Read more: http://www2.deloitte.com/us/en/pages/mergers-and-acquisitions/articles/ma-trends-report-2015.html
We are pleased to present Driving Value: 2015 Midyear Automotive M&A Insights, PwC's review of mergers and acquisitions (M&A) activity and key trends impacting the global automotive industry. In this edition, we look at:
The status of global automotive deal activity amongst vehicle manufacturers, suppliers, financiers, and other related sectors
Key trends that impacted the deal market
Transaction activity by sector and region
Our perspective on the journey to the future
This latest edition is meant to serve only as a preface to the insights and observations that we can provide to drive successful transactions. M&A leaders in the automotive and financial sectors frequently turn to us for advice on potential transactions and the strategies underpinning those deals. Your feedback is important to us, and we welcome the opportunity to provide you with a deeper look into any of these trends that may be of benefit to your organization.
Pwc 2015 Technology Sector Sec Comment Letter TrendsPwC
PwC's technology industry publication provides a comprehensive analysis of recent SEC staff comments and disclosures to assist you in understanding the key trends relevant to companies in the technology sector.
Local Dynamos – emerging-market companies focused largely on their home markets - are beating both local state-owned companies and multinational corporations, thanks to savvy digital strategies and an ability to meet rising consumer expectations. MNCs need to understand how the Dynamos are rewriting the rules in emerging markets.
PwC Entertainment, media and communications deal insightsQ3 2015PwC
Deal volumes continue to stay the course with deal values declining in the absence of cable megadeals. PwC provides a summary of third quarter 2015 deal activity, megadeal activity and an outlook for key sectors.
The Bottom Line on Trust | Accenture Strategy Competitive Agility Index 2018accenture
In the not-too-distant past, trust was considered a “soft” corporate issue. Its connection to a company’s value, tenuous. Not anymore. New Accenture Strategy research quantifies the impact of trust on your company’s competitiveness. And bottom line. Trust is anything but soft.
To be competitive in today’s environment, companies need to execute a balanced strategy that prioritizes trust at the same level as growth and profitability. Those who do benefit from greater resiliency from trust incidents, making them more competitive. Those who don’t are putting billions in future revenue at risk.
Accenture Strategy found that more than half (54%) of the 7.030 companies we scored on our Competitive Agility Index experienced a material drop in trust, a key measure of competitiveness. Conservatively, those companies lost out on US$180 billion in potential revenues.
What if your company could quantify the potential negative impact of a trust incident on key measures of competitiveness: growth and profitability? Accenture Strategy can show you how.
2015 Global Innovation 1000 study: Innovation’s New World OrderPwC's Strategy&
For the 11th year running, Strategy&, PwC's strategy consulting business, analyzed the top 1,000 public companies around the world that spent the most on R&D during the last fiscal year. This year’s results paint a detailed picture of not only who’s spending the most on R&D, but also where they are spending it.
Brazil Digital Report: a first-edition dossier on the Brazilian digital economy. A comprehensive report on trends and facts for investors, public and private institutions, entrepreneurs, executives, students, and for digital savvy people who are curious about Brazil.
https://www.brazilatsiliconvalley.com/
Financial advisors are inundated with choices among asset managers and distributors, making it critical to capture advisors’ attention and leave a lasting impression. Learn how to develop targeted and successful strategies to increase your reach and impact. This webinar will provide insightful guidance for asset managers and distributors to strengthen their advisor partnerships. Cogent will showcase thought leadership in the financial advisor market by presenting the latest insights and research on advisor trends and preferences.
Participants will gain insight on a wide range of business issues, including:
- Growth of the RIA
- Changes in product views/actively managed/ETFs
- Trends in portfolio construction
SMB Business Outlook and Spending PlansBredin, Inc.
What is the SMB business outlook, and how confident are they about spending, hiring and expanding as the pandemic wanes? What are their priorities and concerns? What technology do they use, and what do they plan to buy? What are the key differences in SMB outlook and spending plans by size and country?
You’ll learn:
* The current SMB state of mind: business outlook, operational status, and expected time to return to ‘normal’
* SMB priorities and challenges
* Key application usage and purchase plans – including the specific SaaS solutions they plan to adopt
* Credit usage and intent – including traditional banks vs. fintech
* Job board usage and intent – including the specific sites they plan to use
* The tech brands that SMBs trust most
* Key differences among respondents by company size, country and more
We hope you watch the webcast recording - https://attendee.gotowebinar.com/recording/8056390393923833347
CompTIA’s annual IT Industry Outlook provides a look at the trends to watch in the year ahead in the information technology (IT) space. CompTIA explores topics such as digital transformation, artificial intelligence, cybersecurity, the insights economy, new collar jobs, and more.
The complete IT Industry Outlook 2018 report can be viewed free of charge at:
https://www.comptia.org/resources/it-industry-trends-analysis
Since last year ended on such a strong note, many of us were optimistic about the prospects for Q1. Though not as strong as the fourth quarter of 2014, the first quarter of 2015 kicked off on a positive note, with 23 technology companies raising US$6.1billion* in proceeds from their IPOs. That’s the second highest first quarter proceeds in the past five years and impressive given the increased US market volatility and consistent with the high pre-IPO valuations we’ve seen recently. Granted, if you look at the year over year comparison, offerings were down 12% and proceeds declined 11%. And sequentially, the number of technology IPOs declined 32% while proceeds fell by 19%. Still, it’s a promising start for 2015. Learn more at www.pwc.com/globaltechipo
*Deal size greater than US$40 million
19th Annual Global CEO Survey: Key Findings – FinlandPwC Suomi
19th Annual Global CEO Survey - Poimintoja Suomen tuloksista
Toimitusjohtajien luottamus maailmantalouden kasvuun seuraavan vuoden aikana on laskenut kansainvälisesti nyt toista vuotta peräkkäin, ilmenee PwC:n 19. kansainvälisestä toimitusjohtajatutkimuksesta. Suomalaisjohtajien usko oman maan talouden kasvuun on sitäkin heikompi. Suomalaisjohtajien vastauksista paistaa kuitenkin usko siihen, että oman yrityksen tulevaisuudennäkymien suhteen syvimmästä kuopasta ollaan nousemassa.
Davosin talousfoorumissa julkistettuun Global CEO Survey -tutkimukseen osallistui yli 1 400 toimitusjohtajaa 83 maasta. Suomesta tutkimukseen haastateltiin 35 toimitusjohtajaa Suomen suurimmista yrityksistä.
Globaalit tulokset löytyvät osoitteesta www.pwc.com/ceosurvey.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q3 2015 Earnings Call. For more information, check out http://investors.linkedin.com/.
The company reported adjusted earnings per share of 74 cents, significantly higher than the expected 60 cents. Revenue for the quarter was $861 million, above the anticipated $828 million and a 35 percent year-over-year increase.
Local Dynamos – emerging-market companies focused largely on their home markets - are beating both local state-owned companies and multinational corporations, thanks to savvy digital strategies and an ability to meet rising consumer expectations. MNCs need to understand how the Dynamos are rewriting the rules in emerging markets.
PwC Entertainment, media and communications deal insightsQ3 2015PwC
Deal volumes continue to stay the course with deal values declining in the absence of cable megadeals. PwC provides a summary of third quarter 2015 deal activity, megadeal activity and an outlook for key sectors.
The Bottom Line on Trust | Accenture Strategy Competitive Agility Index 2018accenture
In the not-too-distant past, trust was considered a “soft” corporate issue. Its connection to a company’s value, tenuous. Not anymore. New Accenture Strategy research quantifies the impact of trust on your company’s competitiveness. And bottom line. Trust is anything but soft.
To be competitive in today’s environment, companies need to execute a balanced strategy that prioritizes trust at the same level as growth and profitability. Those who do benefit from greater resiliency from trust incidents, making them more competitive. Those who don’t are putting billions in future revenue at risk.
Accenture Strategy found that more than half (54%) of the 7.030 companies we scored on our Competitive Agility Index experienced a material drop in trust, a key measure of competitiveness. Conservatively, those companies lost out on US$180 billion in potential revenues.
What if your company could quantify the potential negative impact of a trust incident on key measures of competitiveness: growth and profitability? Accenture Strategy can show you how.
2015 Global Innovation 1000 study: Innovation’s New World OrderPwC's Strategy&
For the 11th year running, Strategy&, PwC's strategy consulting business, analyzed the top 1,000 public companies around the world that spent the most on R&D during the last fiscal year. This year’s results paint a detailed picture of not only who’s spending the most on R&D, but also where they are spending it.
Brazil Digital Report: a first-edition dossier on the Brazilian digital economy. A comprehensive report on trends and facts for investors, public and private institutions, entrepreneurs, executives, students, and for digital savvy people who are curious about Brazil.
https://www.brazilatsiliconvalley.com/
Financial advisors are inundated with choices among asset managers and distributors, making it critical to capture advisors’ attention and leave a lasting impression. Learn how to develop targeted and successful strategies to increase your reach and impact. This webinar will provide insightful guidance for asset managers and distributors to strengthen their advisor partnerships. Cogent will showcase thought leadership in the financial advisor market by presenting the latest insights and research on advisor trends and preferences.
Participants will gain insight on a wide range of business issues, including:
- Growth of the RIA
- Changes in product views/actively managed/ETFs
- Trends in portfolio construction
SMB Business Outlook and Spending PlansBredin, Inc.
What is the SMB business outlook, and how confident are they about spending, hiring and expanding as the pandemic wanes? What are their priorities and concerns? What technology do they use, and what do they plan to buy? What are the key differences in SMB outlook and spending plans by size and country?
You’ll learn:
* The current SMB state of mind: business outlook, operational status, and expected time to return to ‘normal’
* SMB priorities and challenges
* Key application usage and purchase plans – including the specific SaaS solutions they plan to adopt
* Credit usage and intent – including traditional banks vs. fintech
* Job board usage and intent – including the specific sites they plan to use
* The tech brands that SMBs trust most
* Key differences among respondents by company size, country and more
We hope you watch the webcast recording - https://attendee.gotowebinar.com/recording/8056390393923833347
CompTIA’s annual IT Industry Outlook provides a look at the trends to watch in the year ahead in the information technology (IT) space. CompTIA explores topics such as digital transformation, artificial intelligence, cybersecurity, the insights economy, new collar jobs, and more.
The complete IT Industry Outlook 2018 report can be viewed free of charge at:
https://www.comptia.org/resources/it-industry-trends-analysis
Since last year ended on such a strong note, many of us were optimistic about the prospects for Q1. Though not as strong as the fourth quarter of 2014, the first quarter of 2015 kicked off on a positive note, with 23 technology companies raising US$6.1billion* in proceeds from their IPOs. That’s the second highest first quarter proceeds in the past five years and impressive given the increased US market volatility and consistent with the high pre-IPO valuations we’ve seen recently. Granted, if you look at the year over year comparison, offerings were down 12% and proceeds declined 11%. And sequentially, the number of technology IPOs declined 32% while proceeds fell by 19%. Still, it’s a promising start for 2015. Learn more at www.pwc.com/globaltechipo
*Deal size greater than US$40 million
19th Annual Global CEO Survey: Key Findings – FinlandPwC Suomi
19th Annual Global CEO Survey - Poimintoja Suomen tuloksista
Toimitusjohtajien luottamus maailmantalouden kasvuun seuraavan vuoden aikana on laskenut kansainvälisesti nyt toista vuotta peräkkäin, ilmenee PwC:n 19. kansainvälisestä toimitusjohtajatutkimuksesta. Suomalaisjohtajien usko oman maan talouden kasvuun on sitäkin heikompi. Suomalaisjohtajien vastauksista paistaa kuitenkin usko siihen, että oman yrityksen tulevaisuudennäkymien suhteen syvimmästä kuopasta ollaan nousemassa.
Davosin talousfoorumissa julkistettuun Global CEO Survey -tutkimukseen osallistui yli 1 400 toimitusjohtajaa 83 maasta. Suomesta tutkimukseen haastateltiin 35 toimitusjohtajaa Suomen suurimmista yrityksistä.
Globaalit tulokset löytyvät osoitteesta www.pwc.com/ceosurvey.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q3 2015 Earnings Call. For more information, check out http://investors.linkedin.com/.
The company reported adjusted earnings per share of 74 cents, significantly higher than the expected 60 cents. Revenue for the quarter was $861 million, above the anticipated $828 million and a 35 percent year-over-year increase.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q1 2016 Earnings Call. For more information, check out http://investors.linkedin.com/
Description: Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q2 2015 Earnings Call. For more information, check out http://investors.linkedin.com/.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q1 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q4 2013 Earnings Call. For more information, check out http://investors.linkedin.com/.
Corporate Due Dilaigence Powerpoint Presentation SlidesSlideTeam
Introducing Corporate Due Diligence PowerPoint Presentation Slides. This financial due diligence PPT theme gives you a layout to represent technological due diligence, customer due diligence, and other fundamentals. Utilize our readily available stunning infographics of Commercial Due Diligence Process Presentation Slides to consolidate factual information about any organization. Showcase financial reports like P&L, balance sheet, and cash flow statement by easily editing this financial due diligence PPT template. Compile data like highest revenue-generating customers, and customer satisfaction in moments with the help of our commercial analysis PowerPoint deck. Our operational diligence PowerPoint slideshow also offers a layout to emphasize questions that influence technical due diligence. Use this business diligence PowerPoint presentation’s KPI diagrams, line chart, area chart, etc. to present bland stats with visual distinction. Our PPT assists in mergers and acquisitions by addressing vital strategic fit components like business compatibility. You may even present legal highlights such as litigation, and taxation via layouts included in this financial analysis PowerPoint presentation. https://bit.ly/3g4AAjF
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q3 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q1 2015 Earnings Call. For more information, check out http://investors.linkedin.com/.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q2 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
Twitter Q1 2014 Selected Company Metrics and Financials - First Ever TWTR Pub...lonelybrand
Accompanying financial information presented to investors of Twitter (TWTR) during it's Q1 2014 earnings release. This is the first selected metrics and financials document ever released by Twitter as part of a quarterly earnings call post-IPO.
A visual story of how LinkedIn is transforming how companies hire, market and sell. Learn more below -
Talent Solutions: http://business.linkedin.com/talent-solutions
Marketing Solutions: http://marketing.linkedin.com/
Sales Solutions: http://sales.linkedin.com/
Download the LinkedIn for Business Playbook: http://lnkd.in/LinkedInForBusinessPlaybook
Designed by Brett Wallace of Why is LinkedIn So Cool? fame: http://www.slideshare.net/brettalexwallace/why-is-linkedin-so-cool-16101604
Discover your career, build your brand and find a job you love. Learn more at https://blog.linkedin.com/2017/february/23/launching-your-career-getting-started-on-your-internship-search-linkedin.
The Top Skills That Can Get You Hired in 2017LinkedIn
We analyzed all the recruiting activity on LinkedIn this year and identified the Top Skills employers seek. Starting Oct 24, learn these skills and much more for free during the Week of Learning.
#AlwaysBeLearning https://learning.linkedin.com/week-of-learning
Accelerating LinkedIn’s Vision Through InnovationLinkedIn
See what's next for LinkedIn - from a complete redesign of the desktop experience, to smarter messaging and content discovery features, to the future of professional learning. Read more: https://blog.linkedin.com/2016/09/22/accelerating-LinkedIn-vision
40% of professionals admit they find it hard to describe what they do for a living. We're here to help. Find out how to tell your #workstory: http://lnkd.in/LIworkstory
The LinkedIn Job Search Guide is your tactical toolkit for getting a job you love.
The LinkedIn Job Search Guide can be read one page at a time, one chapter at a time, or in entirety. The recommended tactics and tools were developed with U.S. job seekers in mind, however many of the strategies may be applied internationally.
Good luck with your job search and we hope that the following guide will put you in the driver’s seat as you develop your career.
Buzzwords are baffling. You wouldn't talk like this in real life. Why talk like this in your LinkedIn profile? Update your profile today: https://www.linkedin.com/profile/edit?trk=li_li_cmktg_cc_bw2016_slideshare #nobuzzwords
LinkedIn Bring In Your Parents Day 2015 - Your Parents' Best Career AdviceLinkedIn
The 3rd Annual LinkedIn Bring In Your Parents Day took place on November 5, 2015. As part of the celebration, we asked people to share the best pieces of career advice their parents ever gave them. Here’s what they had to say...
LinkedIn Quiz: Which Parent Are You When It Comes to Helping Guide Your Child...LinkedIn
Lighthouse, Helicopter or Free-range? Take this quiz to find out what your parenting style is when your children have flown the nest and started their career.
Join LinkedIn's Bring In Your Parents Day on November 5 -- learn out more at biyp.linkedin.com or join the social conversation using #BIYP.
LinkedIn Connect to Opportunity™ -- Stories of DiscoveryLinkedIn
Every minute of every day, opportunity is within reach on LinkedIn. See how four members use LinkedIn to unlock opportunity and how it can work for you.
LinkedIn Connect to Opportunity. Learn more at https://lnkd.in/b5Xr3nN
Last June, we first reported our diversity metrics, and today we wanted to give an update on our progress. Our latest numbers show encouraging results, and we are pleased with our progress. Each gain is the work of many. Our numbers also show where we still have room for much more progress, so we need to be relentless in our efforts.
Winners of the LinkedIn Economic Graph ChallengeLinkedIn
When we launched the LinkedIn Economic Graph Challenge in October 2014, our goal was to work with the best researchers across the U.S. to help solve some of the world’s most pressing issues of our time, using LinkedIn data. We have selected 12 finalists to work with us. Each team submitted a compelling proposal to utilize LinkedIn data to create economic opportunity. These teams aim to solve problems as diverse as closing employee skill gaps, achieving municipal economic improvements and relieving inequality in the labor market. Their results could potentially positively impact millions of people.
More at http://economicgraphchallenge.linkedin.com
The LinkedIn Guide to the Perfect #WorkSelfieLinkedIn
Your LinkedIn profile is 14x more likely to be viewed simply by adding a profile photo. Follow these tips to take the perfect #WorkSelfie for your LinkedIn profile.
To better understand how professionals around the globe are reshaping their professional brands for the modern workplace, we surveyed over 15,000 professionals in 19 countries for our New Norms @Work study. This is what we found: https://lnkd.in/Newnormsworkblog.
2. Safe harbor
2
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements
about our products, including our investments in products, technology and other key strategic areas, certain non-financial metrics, such as
customer and member growth and engagement, and our expected financial metrics such as revenue, adjusted EBITDA, non-GAAP EPS,
depreciation and amortization, stock-based compensation and fully-diluted weighted shares for the first quarter of 2016 and the full fiscal year
2016. The achievement of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any of these
risks or uncertainties materialize or if any of the assumptions prove incorrect, the company’s results could differ materially from the results
expressed or implied by the forward-looking statements the company makes.
The risks and uncertainties referred to above include - but are not limited to - risks associated with: our core value of putting members first,
which may conflict with the short-term interests of the business; engagement of our members; the price volatility of our Class A common stock;
general economic conditions; expectations regarding the return on our strategic investments; execution of our plans and strategies, including
with respect to mobile products and features and expansion into new areas and businesses; security measures and the risk that they may not be
sufficient to secure our member data adequately or that we are subject to attacks that degrade or deny the ability of members to access our
solutions; expectations regarding our ability to timely and effectively scale and adapt existing technology and network infrastructure to ensure
that our solutions are accessible at all times with short or no perceptible load times; our ability to maintain our rate of revenue growth and
manage our expenses and investment plans; our ability to accurately track our key metrics internally; members and customers curtailing or
ceasing to use our solutions; privacy, security and data transfer concerns, as well as changes in regulations, which could impact our ability to
serve our members or curtail our monetization efforts; litigation and regulatory issues; increasing competition; our ability to manage our
growth; our international operations; our ability to recruit and retain our employees; the application of U.S. and international tax laws on our tax
structure and any changes to such tax laws; acquisitions we have made or may make in the future; and the dual class structure of our Class A
common stock.
Further information on these and other factors that could affect the company’s financial results is included in filings it makes with the Securities
and Exchange Commission from time to time, including the section entitled “Risk Factors” in the company’s Annual Report on Form 10-K for the
year ended December 31, 2014, as well as the company’s most recent Quarterly Report on Form 10-Q for the quarter ended September 30,
2015, and additional information will also be set forth in our Form 10-K that will be filed for the year ended December 31, 2015, which should
be read in conjunction with these financial results. These documents are or will be available on the SEC Filings section of the Investor Relations
page of the company's website at http://investors.linkedin.com/. All information provided is as of February 4, 2016, and LinkedIn undertakes no
duty to update this information.
13. 4
FY 2013 FY 2014 FY 2015 Full Year
Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 FY13 FY14 FY15
NON-GAAP NET INCOME RECONCILIATION ($MM) As
Adjusted 1
GAAP Net Income (Loss) Attributable to
Common Stockholders
23 4 (3) 4 (13) (1) (4) 3 (43) (68) (47) (8) 27 (16) (166)
Stock-based compensation 34 48 54 57 68 75 83 94 103 145 127 135 194 319 510
Non-cash interest expense related to convertible
notes
— — — — — — — 6 11 11 11 12 — 6 46
Amortization of intangible assets 3 6 4 4 5 7 10 13 12 29 46 47 16 35 135
Accretion of redeemable noncontrolling interest — — — — — — — — — — 1 1 — — 1
Fair value adjustment on other derivative — — — — — — — — — — 7 2 — — 9
Income tax effect of non-GAAP adjustments (7) (13) (8) (17) (12) (18) (23) (38) (11) (47) (41) (62) (45) (90) (161)
Non-GAAP Net Income 52 44 47 48 47 63 66 77 73 71 103 126 192 254 373
% margin 16% 12% 12% 11% 10% 12% 12% 12% 11% 10% 13% 15% 13% 11% 12%
NON-GAAP SHARE COUNT RECONCILIATION (MM)
GAAP basic shares outstanding 109 111 114 120 121 122 123 125 125 128 131 132 114 123 129
Non-GAAP basic shares outstanding 109 111 114 120 121 122 123 125 125 128 131 132 114 123 129
GAAP diluted shares outstanding 115 117 114 124 121 122 123 127 125 128 131 132 119 123 129
Dilutive shares under treasury stock method — — 5 — 4 3 3 — 3 2 2 2 — 3 2
Non-GAAP diluted shares outstanding 115 117 119 124 125 125 126 127 128 130 133 134 119 126 131
NON-GAAP EPS
Basic Non-GAAP EPS $ 0.48 $ 0.40 $ 0.41 $ 0.40 $ 0.39 $ 0.52 $ 0.54 $ 0.62 $ 0.58 $ 0.56 $ 0.79 $ 0.96 $ 1.69 $ 2.07 $ 2.89
Diluted Non-GAAP EPS $ 0.45 $ 0.38 $ 0.39 $ 0.39 $ 0.38 $ 0.51 $ 0.52 $ 0.61 $ 0.57 $ 0.55 $ 0.78 $ 0.94 $ 1.61 $ 2.02 $ 2.84
BALANCE SHEET ($MM) As
Adjusted 1
As
Adjusted 1
As
Adjusted 1
Cash, cash equivalents & marketable securities 830 873 2,272 2,329 2,306 2,367 2,264 3,443 3,530 3,033 3,089 3,119 2,329 3,443 3,119
Property and equipment, net 216 293 337 362 407 476 557 741 755 793 906 1,047 362 741 1,047
Working capital 649 652 2,026 2,113 2,078 2,134 2,026 3,239 3,342 2,740 2,771 2,747 2,113 3,239 2,747
Total assets 1,510 1,688 3,144 3,353 3,562 3,721 3,906 5,427 5,538 6,557 6,717 7,011 3,353 5,427 7,011
Total deferred revenue (short-term and long-term) 317 331 336 392 480 481 464 522 586 633 625 714 392 522 714
Total stockholder's equity 991 1,111 2,531 2,629 2,761 2,875 2,995 3,325 3,416 4,193 4,292 4,469 2,629 3,325 4,469
CASH FLOW STATEMENT ($MM)
Cash flows provided by operating activities 104 124 126 82 129 128 181 130 165 226 240 177 436 569 807
Purchases of property and equipment 44 93 83 57 89 96 121 242 90 72 167 178 278 548 507
Free Cash Flow 60 31 43 25 40 32 61 (111) 75 153 73 (1) 158 21 300
Cash flows provided by (used in) investing (133) (150) (360) (714) (448) (33) (320) (1,493) 371 (799) (57) (307) (1,358) (2,293) (792)
Cash flows provided by financing activities 25 25 1,366 39 24 40 25 1,300 27 3 1 46 1,454 1,388 78
TOTAL HEADCOUNT
Total Headcount 3,779 4,241 4,812 5,045 5,416 5,758 6,442 6,897 7,633 8,735 9,273 9,372 5,045 6,897 9,372
% y/y 54% 48% 51% 46% 43% 36% 34% 37% 41% 52% 44% 36% 46% 37% 36%
(1) In the fourth quarter of 2015, we adopted new authoritative accounting guidance on determining whether the host contract in a hybrid financial instrument issued in the form of a share is more akin to debt or to equity on a
modified retrospective approach. As a result, we have recorded a cumulative-effect adjustment of $2.8 million to Accumulated earnings (deficit) in the first quarter of 2015 with a corresponding increase of $2.8 million to Other long-
term liability. In addition, we recorded a fair value adjustment of $6.9 million to Other income (expense), net in the third quarter of 2015.
14. 5
LinkedIn Corporation and its subsidiaries, (the “Company”), provides this supplement to assist investors in evaluating the Company’s financial and operating metrics. The Company suggests that the notes
to this supplement be read in conjunction with the financial tables. The Company intends to update the financial supplement on a quarterly basis.
Non-GAAP Financial Measures
To supplement its condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, the Company uses non-GAAP financial measures: adjusted EBITDA, non-
GAAP net income, and non-GAAP diluted EPS (collectively the “non-GAAP financial measures”). The presentation of this financial information is not intended to be considered in isolation or as a substitute
for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as
a means to evaluate period-to-period comparisons. The Company believes that they provide useful information about operating results, enhance the overall understanding of past financial performance and
future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making.
The Company excludes the following items from one or more of its non-GAAP measures:
Stock-based compensation. The Company excludes stock-based compensation because it is non-cash in nature and because the Company believes that the non-GAAP financial measures excluding this
item provide meaningful supplemental information regarding operational performance and liquidity. The Company further believes this measure is useful to investors in that it allows for greater transparency
to certain line items in its financial statements and facilitates comparisons to peer operating results.
Non-cash interest expense related to convertible senior notes. In November 2014, the Company issued $1.3 billion aggregate principal amount of 0.50% convertible senior notes. In accordance with GAAP,
the Company separately accounted for the value of the conversion feature as a debt discount, which is amortized in a manner that reflects the Company’s non-convertible debt borrowing rate. Accordingly,
the Company recognizes imputed interest expense on its convertible senior notes of approximately 4.7% in its statement of operations. The Company excludes the difference between the imputed interest
expense and coupon interest expense, net of any capitalized interest, because it is non-cash in nature and because the Company believes that the non-GAAP financial measures excluding this item
provide meaningful supplemental information regarding operational performance and liquidity. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating
results and comparisons to peer operating results.
Amortization of acquired intangible assets. The Company excludes amortization of acquired intangible assets because it is non-cash in nature and because the Company believes that the non-GAAP
financial measures excluding this item provide meaningful supplemental information regarding operational performance and liquidity. In addition, excluding this item from the non-GAAP measures facilitates
comparisons to historical operating results and comparisons to peer operating results.
Accretion of redeemable noncontrolling interest. The accretion of redeemable noncontrolling interest represents the accretion of the Company's redeemable noncontrolling interest to its redemption value.
The Company excludes the accretion because it is non-cash in nature and because the Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental
information regarding operating performance. In addition, excluding this item from the non-GAAP financial measures facilitates comparisons to historical operating results and comparisons to peer operating
results.
Fair value adjustment on other derivative. These adjustments represent the changes in fair value of the cash settlement feature for the preferred shares in the company's joint venture. This non-GAAP
adjustment is the result of the company's modified retrospective adoption in the fourth quarter of 2015 of authoritative accounting guidance on derivatives and hedges. The company excludes these fair
value adjustments because they are non-cash in nature and the company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding
operating performance. In addition, excluding this item from the non-GAAP financial measures facilitates comparisons to historical operating results and comparisons to peer operating results.
Income tax effects and adjustments. The Company adjusts non-GAAP net income by considering the income tax effects of excluding stock-based compensation and the amortization of acquired intangible
assets. Beginning in the first quarter of 2014, the Company has implemented a static non-GAAP tax rate for evaluating its operating performance as well as for planning and forecasting purposes. This
projected 10-year weighted average non-GAAP tax rate eliminates the effects of non-recurring and period specific items, which can vary in size and frequency and does not necessarily reflect the
company's long-term operations. Historically, the Company computed a non-GAAP tax rate based on non-GAAP pre-tax income on a quarterly basis. Based on the Company's current forecast, a tax rate of
23% has been applied to its non-GAAP financial results for the current period. This rate will be adjusted annually, if necessary. The Company believes that adjusting for these income tax effects and
adjustments provides additional transparency to the overall or “after tax” effects of excluding these items from its non-GAAP net income.
Dilutive shares under the treasury stock method. During periods with a net loss, the Company excluded certain potential common shares from its GAAP diluted shares because their effect would have been
anti-dilutive. On a non-GAAP basis, these shares would have been dilutive. As a result, the Company has included the impact of these shares in the calculation of its non-GAAP diluted net income per
share under the treasury stock method.
For more information on the non-GAAP financial measures, please see the “GAAP to Non-GAAP Reconciliations” in the table above. These reconciliations have more details on the GAAP financial
measures that are most directly comparable to non-GAAP financial measures and the related reconciliations between these financial measures.