Facebook, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported revenue of $5,841 million against $3,851 million a year ago. Income from operations was $2,560 million, income before provision for income taxes was $2,557 million, net income was $1,562 million, net income attributable to Class A and Class B common stockholders was $1,555 million or $0.54 diluted per share against income from operations of $1,133 million, income before provision for income taxes was $1,114 million, net income was $701 million, net income attributable to Class A and Class B common stockholders was $696 million or $0.25 diluted per share for the same period a year ago. Net cash provided by operating activities was $2,827 million against $1,583 million for the same period a year ago. Purchases of property and equipment were $692 million against $517 million for the same period a year ago. Non-GAAP income from operations was $3,523 million against $2,219 million for the same period a year ago. Non-GAAP net income was $2,265 million against $1,518 million for the same period a year ago. Non-GAAP diluted earnings per share were $0.79 against $0.54 for the same period a year ago. Free cash flow was $2,135 million against $1,066 million for the same period a year ago.

For the year, the company reported revenue of $17,928 million against $12,466 million a year ago. Income from operations of $6,225 million, income before provision for income taxes was $6,194 million, net income was $3,688 million, net income attributable to Class A and Class B common stockholders was $3,669 million or $1.29 diluted per share against income from operations of $4,994 million, income before provision for income taxes was $4,910 million, net income was $2,940 million, net income attributable to Class A and Class B common stockholders was $2,925 million or $1.10 diluted per share for the same period a year ago. Net cash provided by operating activities was $8,599 million against $5,457 million for the same period a year ago. Purchases of property and equipment were $2,523 million against $1,831 million for the same period a year ago. Non-GAAP income from operations was $10,001 million against $7,207 million for the same period a year ago. Non-GAAP net income was $6,518 million against $4,713 million for the same period a year ago. Non-GAAP diluted earnings per share were $2.28 against $1.77 for the same period a year ago. Free cash flow was $6,076 million against $3,626 million for the same period a year ago.

The company provided capital expenditures guidance for the year 2016. The company anticipated its 2016 capital expenditures will be in the range of $4 billion to $4.5 billion. The company expects 2016 amortization expenses to be approximately $700 million to $800 million. The company anticipated that its first quarter and full year of 2016 GAAP and non-GAAP tax rates to be in the low 30s on 1% basis, down from its 2015 rates. The company expects its tax rates will decline further over time and resemble those of global peers over the next several years.