Meta Platforms (META) Financial Statements
Price: $576.93
Market Cap: $1.46T
Avg Volume: 13.21M
Market Cap: $1.46T
Avg Volume: 13.21M
Country: US
Industry: Internet Content & Information
Sector: Communication Services
Industry: Internet Content & Information
Sector: Communication Services
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 |