Meta Platforms (META) Financial Statements

Price: $576.93
Market Cap: $1.46T
Avg Volume: 13.21M
Country: US
Industry: Internet Content & Information
Sector: Communication Services
Beta: 1.216
52W Range: $279.4-602.95
Website: Meta Platforms

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Meta Platforms.


Income Statement

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Revenue $134.90B $116.61B $117.93B $85.97B $70.70B $55.84B $40.65B $27.64B $17.93B $12.47B
Cost of Revenue $25.96B $25.25B $22.65B $16.69B $12.77B $9.36B $5.45B $3.79B $2.87B $2.15B
Gross Profit $108.94B $91.36B $95.28B $69.27B $57.93B $46.48B $35.20B $23.85B $15.06B $10.31B
Gross Profit Ratio 80.76% 78.35% 80.79% 80.58% 81.94% 83.25% 86.58% 86.29% 84.01% 82.73%
Research and Development Expenses $38.48B $35.34B $24.66B $18.45B $13.60B $10.27B $7.75B $5.92B $4.82B $2.67B
General and Administrative Expenses $11.41B $11.82B $9.83B $6.56B $10.46B $3.45B $2.52B $1.73B $1.29B $973.00M
Selling and Marketing Expenses $12.30B $15.26B $14.04B $11.59B $9.88B $7.85B $4.72B $3.77B $2.73B $1.68B
Selling General and Administrative Expenses $23.71B $27.08B $23.87B $18.16B $20.34B $11.30B $7.24B $5.50B $4.02B $2.65B
Other Expenses $1.46B $-320.00M $210.00M $-34.00M $27.00M $9.00M $5.00M $1.00M $6.00M $-1.00M
Operating Expenses $62.19B $62.42B $48.53B $36.60B $33.94B $21.57B $15.00B $11.42B $8.84B $5.32B
Cost and Expenses $88.15B $87.67B $71.18B $53.29B $46.71B $30.93B $20.45B $15.21B $11.70B $7.47B
Interest Income $1.64B $276.00M $531.00M $509.00M $924.00M $661.00M $398.00M $176.00M $52.00M $27.00M
Interest Expense $446.00M $276.00M $461.00M $672.00M $20.00M $9.00M $6.00M $10.00M $23.00M $23.00M
Depreciation and Amortization $11.18B $8.69B $7.97B $6.86B $5.74B $4.32B $3.02B $2.34B $1.95B $1.24B
EBITDA $61.38B $42.24B $54.72B $39.53B $34.73B $29.23B $23.23B $14.77B $8.17B $6.24B
EBITDA Ratio 45.50% 36.22% 46.40% 45.99% 49.12% 52.34% 57.14% 53.44% 45.57% 50.03%
Operating Income $50.20B $33.55B $46.75B $32.67B $28.99B $24.91B $20.20B $12.43B $6.22B $4.99B
Operating Income Ratio 37.21% 28.78% 39.65% 38.01% 41.00% 44.62% 49.70% 44.96% 34.72% 40.06%
Total Other Income Expenses Net $-2.77B $-4.74B $531.00M $509.00M $-4.17B $448.00M $391.00M $91.00M $-31.00M $-84.00M
Income Before Tax $47.43B $28.82B $47.28B $33.18B $24.81B $25.36B $20.59B $12.52B $6.19B $4.91B
Income Before Tax Ratio 35.16% 24.71% 40.10% 38.60% 35.10% 45.42% 50.66% 45.29% 34.55% 39.39%
Income Tax Expense $8.33B $5.62B $7.91B $4.03B $6.33B $3.25B $4.66B $2.30B $2.51B $1.97B
Net Income $39.10B $23.20B $39.37B $29.15B $18.48B $22.11B $15.92B $10.19B $3.67B $2.92B
Net Income Ratio 28.98% 19.90% 33.38% 33.90% 26.15% 39.60% 39.20% 36.97% 20.57% 23.58%
EPS $15.19 $8.63 $13.99 $10.22 $6.48 $7.65 $5.49 $3.56 $1.31 $1.12
EPS Diluted $14.87 $8.59 $13.77 $10.09 $6.43 $7.57 $5.39 $3.49 $1.29 $1.10
Weighted Average Shares Outstanding 2.57B 2.69B 2.81B 2.85B 2.85B 2.89B 2.95B 2.92B 2.84B 2.65B
Weighted Average Shares Outstanding Diluted 2.63B 2.70B 2.86B 2.89B 2.88B 2.92B 2.96B 2.92B 2.85B 2.66B
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Cash and Cash Equivalents $41.86B $14.68B $16.60B $17.58B $19.08B $10.02B $8.08B $8.90B $4.91B $4.32B
Short Term Investments $23.54B $26.06B $31.40B $44.38B $35.78B $31.09B $33.63B $20.55B $13.53B $6.88B
Cash and Short Term Investments $65.40B $40.74B $48.00B $61.95B $54.85B $41.11B $41.71B $29.45B $18.43B $11.20B
Net Receivables $16.17B $13.47B $14.04B $11.34B $9.52B $7.59B $5.83B $3.99B $2.56B $1.68B
Inventory $- $- $- $- $- $- $- $- $- $-
Other Current Assets $3.79B $5.34B $4.63B $2.38B $1.85B $1.78B $1.02B $959.00M $659.00M $793.00M
Total Current Assets $85.36B $59.55B $66.67B $75.67B $66.22B $50.48B $48.56B $34.40B $21.65B $13.67B
Property Plant Equipment Net $109.88B $92.19B $69.96B $54.98B $44.78B $24.68B $13.72B $8.59B $5.69B $3.97B
Goodwill $20.65B $20.31B $19.20B $19.05B $18.71B $18.30B $18.22B $18.12B $18.03B $17.98B
Intangible Assets $788.00M $897.00M $634.00M $623.00M $894.00M $1.29B $1.88B $2.54B $3.25B $3.93B
Goodwill and Intangible Assets $21.44B $21.20B $19.83B $19.67B $19.61B $19.59B $20.11B $20.66B $21.27B $21.91B
Long Term Investments $6.14B $6.20B $6.78B $6.23B $192.00M $95.00M $- $- $- $-
Tax Assets $- $- $- $- $-192.00M $-95.00M $- $- $- $-
Other Non-Current Assets $6.79B $6.58B $2.75B $2.76B $2.76B $2.58B $2.13B $1.31B $796.00M $637.00M
Total Non-Current Assets $144.26B $126.18B $99.32B $83.65B $67.15B $46.85B $35.96B $30.56B $27.75B $26.51B
Other Assets $- $- $- $- $- $- $- $- $- $-
Total Assets $229.62B $185.73B $165.99B $159.32B $133.38B $97.33B $84.52B $64.96B $49.41B $40.18B
Account Payables $4.85B $4.99B $4.08B $1.33B $1.36B $820.00M $380.00M $302.00M $196.00M $176.00M
Short Term Debt $1.62B $1.37B $1.13B $1.02B $800.00M $500.00M $2.08B $1.25B $7.00M $114.00M
Tax Payables $3.65B $2.34B $1.26B $2.04B $624.00M $491.00M $230.00M $155.00M $- $-
Deferred Revenue $19.98B $15.76B $561.00M $382.00M $269.00M $147.00M $98.00M $90.00M $56.00M $66.00M
Other Current Liabilities $5.51B $4.91B $15.36B $12.24B $12.62B $5.55B $1.20B $1.24B $1.67B $1.07B
Total Current Liabilities $31.96B $27.03B $21.14B $14.98B $15.05B $7.02B $3.76B $2.88B $1.93B $1.42B
Long Term Debt $35.61B $25.22B $12.75B $9.63B $9.52B $- $- $- $107.00M $119.00M
Deferred Revenue Non-Current $-6.95B $-5.49B $- $- $-1.04B $- $- $- $-163.00M $-987.00M
Deferred Tax Liabilities Non-Current $6.95B $5.49B $- $- $1.04B $673.00M $- $- $163.00M $987.00M
Other Non-Current Liabilities $8.88B $7.76B $7.23B $6.41B $7.75B $5.52B $6.42B $2.89B $3.16B $2.54B
Total Non-Current Liabilities $44.49B $32.99B $19.97B $16.05B $17.27B $6.19B $6.42B $2.89B $3.26B $2.66B
Other Liabilities $- $- $- $- $- $- $- $- $- $-
Total Liabilities $76.45B $60.01B $41.11B $31.03B $32.32B $13.21B $10.18B $5.77B $5.19B $4.09B
Preferred Stock $- $- $- $- $- $- $- $- $- $-
Common Stock $- $64.44B $55.81B $50.02B $45.85B $42.91B $40.58B $38.23B $34.89B $30.23B
Retained Earnings $82.07B $64.80B $69.76B $77.34B $55.69B $41.98B $33.99B $21.67B $9.79B $6.10B
Accumulated Other Comprehensive Income Loss $-2.15B $-3.53B $-693.00M $927.00M $-489.00M $-760.00M $-227.00M $-703.00M $-455.00M $-228.00M
Other Total Stockholders Equity $73.25B $- $- $- $- $- $- $- $- $-
Total Stockholders Equity $153.17B $125.71B $124.88B $128.29B $101.05B $84.13B $74.35B $59.19B $44.22B $36.10B
Total Equity $153.17B $125.71B $124.88B $128.29B $101.05B $84.13B $74.35B $59.19B $44.22B $36.10B
Total Liabilities and Stockholders Equity $229.62B $185.73B $165.99B $159.32B $133.38B $97.33B $84.52B $64.96B $49.41B $40.18B
Minority Interest $- $- $- $- $- $- $- $- $- $-
Total Liabilities and Total Equity $229.62B $185.73B $165.99B $159.32B $133.38B $97.33B $84.52B $64.96B $49.41B $40.18B
Total Investments $29.68B $32.26B $38.17B $50.61B $35.78B $31.09B $33.63B $20.55B $13.53B $6.88B
Total Debt $37.23B $26.59B $13.87B $10.65B $10.32B $500.00M $72.00M $- $114.00M $233.00M
Net Debt $-4.63B $11.91B $-2.73B $-6.92B $-8.76B $-9.52B $-8.01B $-8.90B $-4.79B $-4.08B

Cash Flow Statement

Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Net Income $39.10B $23.20B $39.37B $29.15B $18.48B $22.11B $15.93B $10.22B $3.69B $2.94B
Depreciation and Amortization $11.18B $8.69B $7.97B $6.86B $5.74B $4.32B $3.02B $2.34B $1.95B $1.24B
Deferred Income Tax $131.00M $-3.29B $609.00M $-1.19B $-37.00M $286.00M $-377.00M $-457.00M $-795.00M $-210.00M
Stock Based Compensation $14.03B $11.99B $9.16B $6.54B $4.84B $4.15B $3.72B $3.22B $2.96B $1.79B
Change in Working Capital $3.84B $5.68B $700.00M $-2.72B $7.25B $-1.53B $1.89B $758.00M $784.00M $-262.00M
Accounts Receivables $-2.40B $231.00M $-3.11B $-1.51B $-1.96B $-1.89B $-1.61B $-1.49B $-973.00M $-610.00M
Inventory $- $- $2.19B $-1.30B $8.97B $91.00M $3.45B $2.20B $1.75B $307.00M
Accounts Payables $51.00M $210.00M $1.44B $-17.00M $113.00M $221.00M $43.00M $14.00M $18.00M $31.00M
Other Working Capital $2.35B $5.24B $187.00M $108.00M $123.00M $53.00M $3.45B $2.23B $1.74B $317.00M
Other Non Cash Items $2.84B $4.20B $-127.00M $118.00M $39.00M $-64.00M $24.00M $30.00M $17.00M $-40.00M
Net Cash Provided by Operating Activities $71.11B $50.48B $57.68B $38.75B $36.31B $29.27B $24.22B $16.11B $8.60B $5.46B
Investments in Property Plant and Equipment $-27.27B $-31.43B $-18.57B $-15.12B $-15.10B $-13.91B $-6.73B $-4.49B $-2.52B $-1.83B
Acquisitions Net $-629.00M $-1.31B $-898.00M $-6.75B $-508.00M $-137.00M $-122.00M $-123.00M $-313.00M $-4.97B
Purchases of Investments $-2.98B $-9.63B $-30.41B $-33.93B $-23.91B $-14.66B $-25.68B $-22.34B $-15.94B $-9.10B
Sales Maturities of Investments $6.18B $13.16B $42.59B $25.77B $19.72B $17.13B $12.43B $15.15B $9.24B $10.35B
Other Investing Activities $198.00M $246.00M $-284.00M $-36.00M $-61.00M $-25.00M $67.00M $61.00M $102.00M $-350.00M
Net Cash Used for Investing Activities $-24.50B $-28.97B $-7.57B $-30.06B $-19.86B $-11.60B $-20.04B $-11.74B $-9.43B $-5.91B
Debt Repayment $-1.06B $-850.00M $-677.00M $-604.00M $-552.00M $-500.00M $- $-312.00M $-119.00M $-243.00M
Common Stock Issued $- $- $- $- $-2.34B $-3.21B $-3.25B $-6.00M $- $-
Common Stock Repurchased $-19.77B $-27.96B $-44.54B $-6.27B $-6.54B $-16.09B $-1.98B $-6.00M $-20.00M $-
Dividends Paid $- $- $- $- $- $- $- $- $- $-
Other Financing Activities $1.33B $6.67B $-5.51B $-3.42B $-208.00M $515.00M $-3.26B $8.00M $1.70B $1.81B
Net Cash Used Provided by Financing Activities $-19.50B $-22.14B $-50.73B $-10.29B $-7.30B $-15.57B $-5.24B $-310.00M $1.58B $1.57B
Effect of Forex Changes on Cash $113.00M $-638.00M $-474.00M $279.00M $4.00M $-179.00M $233.00M $-63.00M $-155.00M $-123.00M
Net Change in Cash $27.23B $-1.27B $-1.09B $-1.32B $9.15B $1.92B $-824.00M $4.00B $592.00M $992.00M
Cash at End of Period $42.83B $15.60B $16.86B $17.95B $19.28B $10.12B $8.08B $8.90B $4.91B $4.32B
Cash at Beginning of Period $15.60B $16.86B $17.95B $19.28B $10.12B $8.20B $8.90B $4.91B $4.32B $3.32B
Operating Cash Flow $71.11B $50.48B $57.68B $38.75B $36.31B $29.27B $24.22B $16.11B $8.60B $5.46B
Capital Expenditure $-27.27B $-31.43B $-18.57B $-15.12B $-15.10B $-13.91B $-6.73B $-4.49B $-2.52B $-1.83B
Free Cash Flow $43.85B $19.04B $39.12B $23.63B $21.21B $15.36B $17.48B $11.62B $6.08B $3.63B