Hey.. Hope you guys are doing great. Facebook is doing great and I am loving it! Today we start modeling the Balance sheet of FB. As I told you in the last session it is simple – pick the numbers from the S1 filing!
Why Balance Sheet is called a Balance sheet?
As a Balance sheet is always Balanced! So what is balanced?? Your sources of funds (Liabilities) and the uses of funds (Assets) are equal and they balance the balance sheet.
Model the B/S
If you have not already modeled the balance sheet, \download this empty template and create the balance sheet on your own from the S1 data.
Tomorrow we release the filled B/S for you â€¦ and then we understand the linkage between P&L and B/S. Remember we are working on Saturdays and Sundays!! So stay tuned!!