  The GeV observations by Fermi-LAT give us the opportunity to characterize the
high-energy emission (100 MeV - 300 GeV) variability properties of the BL Lac
object S5 0716+714. In this study, we performed flux and spectral analysis of
more than 3 year long (August 2008 to April 2012) Fermi-LAT data of the source.
During this period, the source exhibits two different modes of flux variability
with characteristic timescales of ~75 and ~140 days, respectively. We also
notice that the flux variations are characterized by a weak spectral hardening.
The GeV spectrum of the source shows a clear deviation from a simple power law,
and is better explained by a broken power law. Similar to other bright Fermi
blazars, the break energy does not vary with the source flux during the
different activity states. We discuss several possible scenarios to explain the
observed spectral break.
