Meta Platforms, Inc.

10-K & 10-Q Filings

Meta Platforms, Inc. is a Delaware corporation with a mission to bring the metaverse to life by helping people connect, build communities, and grow businesses. The company operates through two segments: Family of Apps (FoA) and Reality Labs (RL). FoA generates revenue primarily from selling advertising placements on its family of apps, including Facebook, Instagram, Messenger, and Threads, to marketers. RL generates revenue from sales of consumer hardware products, software, and content. The company is investing in areas such as AI, the metaverse, regulatory readiness, and enhancing developer efficiency to build, iterate, and optimize products quickly. Its products include Facebook, Instagram, Messenger, Threads, Meta Quest devices, Meta Quest Store, Meta Horizon Worlds, Meta Quest Pro, Meta Quest 3, Ray-Ban Meta smart glasses, and Meta Spark. The company faces significant competition in the technology industry and is subject to various laws and regulations, including those related to privacy, data protection, and intellectual property. Its website is meta.com and its ticker symbol is META.

12 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$5089.00
7872.00
12466.00
17928.00
27638.00
40653.00
55838.00
70697.00
85965.00
117929.00
116609.00
134902.00
28645.00
36455.00
34.71%27.26%Cost of Revenue (-)
$1364.00
1875.00
2153.00
2867.00
3789.00
5454.00
9355.00
12770.00
16692.00
22649.00
25249.00
25959.00
6108.00
6640.00
30.71%8.71%Gross Profit (+)
$3725.00
5997.00
10313.00
15061.00
23849.00
35199.00
46483.00
57927.00
69273.00
95280.00
91360.00
108943.00
22537.00
29815.00
35.92%32.29%Selling, General & Administrative (-)
$896.00
1778.00
2653.00
4020.00
5503.00
7242.00
11297.00
20341.00
18155.00
23872.00
27078.00
23709.00
5929.00
6019.00
34.69%1.52%Research & Development (-)
$1399.00
1415.00
2666.00
4816.00
5919.00
7754.00
10273.00
13600.00
18447.00
24655.00
35338.00
38483.00
9381.00
9978.00
35.16%6.36%Operating Expenses (-)
$3187.00
3193.00
5319.00
8836.00
11422.00
14996.00
21570.00
33941.00
36602.00
48527.00
62416.00
62192.00
15310.00
15997.00
31.01%4.49%Costs & Expenses (Total) (-)
$4551.00
5068.00
7472.00
11703.00
15211.00
20450.00
30925.00
46711.00
53294.00
71176.00
87665.00
88151.00
21418.00
22637.00
30.92%5.69%Operating Income/Loss (+)
$538.00
2804.00
4994.00
6225.00
12427.00
20203.00
24913.00
23986.00
32671.00
46753.00
28944.00
46751.00
7227.00
13818.00
50.06%91.20%Non-operating Income/Expense (+)
$7.00
6.00
-84.00
-31.00
91.00
391.00
448.00
826.00
509.00
531.00
-125.00
677.00
80.00
365.00
51.53%356.25%Interest Expense (-)
$51.00
56.00
Earnings before Tax (+)
$494.00
2754.00
4910.00
6194.00
12518.00
20594.00
25361.00
24812.00
33180.00
47284.00
28819.00
47428.00
7307.00
14183.00
51.43%94.10%Tax Expense (-)
$441.00
1254.00
1970.00
2506.00
2301.00
4660.00
3249.00
6327.00
4034.00
7914.00
5619.00
8330.00
1598.00
1814.00
30.62%13.52%Income/Loss (Continuing Operations) (+)
$53.00
1500.00
2940.00
3688.00
10217.00
15934.00
22112.00
18485.00
29146.00
39370.00
23200.00
39098.00
5709.00
12369.00
82.27%116.66%Net Income/Loss (+)
$53.00
1500.00
2940.00
3688.00
10217.00
15934.00
22112.00
18485.00
29146.00
39370.00
23200.00
39098.00
5709.00
12369.00
82.27%116.66%Net Income/Loss (Common) (+)
$32.00
1491.00
2925.00
3669.00
10188.00
15920.00
22111.00
18485.00
29146.00
39370.00
23200.00
39098.00
5709.00
12369.00
90.83%116.66%EPS (Basic)
$0.02
0.62
1.12
1.31
3.56
5.49
7.65
6.48
10.22
13.99
8.63
15.19
2.21
4.86
82.75%119.91%EPS (Diluted)
$0.01
0.60
1.10
1.29
3.49
5.39
7.57
6.43
10.09
13.77
8.59
14.87
2.20
4.71
94.26%114.09%Weighted Avg Shares (Basic)
2006.00
2420.00
2614.00
2803.00
2863.00
2901.00
2890.00
2854.00
2851.00
2815.00
2687.00
2574.00
2587.00
2545.00
2.29%-1.62%Weighted Avg Shares (Diluted)
2166.00
2517.00
2664.00
2853.00
2925.00
2956.00
2921.00
2876.00
2888.00
2859.00
2702.00
2629.00
2596.00
2625.00
1.78%1.12%Cash
$2384.00
3323.00
4315.00
4907.00
8903.00
8079.00
10019.00
19079.00
17576.00
16601.00
14681.00
41862.00
11551.00
32307.00
29.76%179.69%Short-term Investments
$7242.00
8126.00
6884.00
13527.00
20546.00
33632.00
31095.00
35776.00
44378.00
31397.00
26057.00
23541.00
25888.00
25813.00
11.31%-0.29%Receivables
$719.00
1109.00
1678.00
2559.00
3993.00
5832.00
7587.00
9518.00
22665.00
14039.00
13466.00
16169.00
11044.00
13430.00
32.71%21.60%Prepaid Expenses (Current)
$471.00
461.00
793.00
659.00
959.00
1020.00
1779.00
1852.00
2381.00
4629.00
5345.00
3793.00
4000.00
3780.00
20.88%-5.50%Other Assets (Current)
$451.00
51.00
Assets (Current)
$11267.00
13070.00
13670.00
21652.00
34401.00
48563.00
50480.00
66225.00
75670.00
66666.00
59549.00
85365.00
52483.00
75330.00
20.21%43.53%Property, Plant & Equipment (Net)
$2391.00
2882.00
3967.00
5687.00
8591.00
13721.00
24683.00
9460.00
54981.00
69964.00
92191.00
109881.00
97055.00
112463.00
41.62%15.88%Goodwill & Intangibles
$
21910.00
21272.00
20657.00
20105.00
19595.00
19609.00
19673.00
19831.00
21203.00
21442.00
21598.00
20654.00
-4.37%Other Assets
$1445.00
1943.00
637.00
796.00
1312.00
2135.00
2576.00
38082.00
8992.00
9526.00
12784.00
12935.00
13355.00
14397.00
22.05%7.80%Assets (Non-current)
$3836.00
4825.00
26514.00
27755.00
30560.00
35961.00
46854.00
67151.00
83646.00
99321.00
126178.00
144258.00
132008.00
147514.00
39.06%11.75%Assets (Total)
$15103.00
17895.00
40184.00
49407.00
64961.00
84524.00
97334.00
133376.00
159316.00
165987.00
185727.00
229623.00
184491.00
222844.00
28.07%20.79%Accounts Payable
$488.00
642.00
1042.00
1645.00
2505.00
3272.00
6329.00
13984.00
13576.00
18395.00
24542.00
29474.00
23017.00
26425.00
45.18%14.81%Debt (Current)
$365.00
239.00
114.00
7.00
800.00
Other Liabilities (Current)
$199.00
219.00
268.00
273.00
370.00
488.00
688.00
269.00
1405.00
2740.00
2484.00
2486.00
2364.00
1676.00
25.80%-29.10%Liabilities (Current)
$1052.00
1100.00
1424.00
1925.00
2875.00
3760.00
7017.00
15053.00
14981.00
21135.00
27026.00
31960.00
25381.00
28101.00
36.39%10.72%Debt (Non-current)
$1991.00
237.00
119.00
107.00
9524.00
9923.00
18385.00
9925.00
18387.00
22.39%85.26%Other Liabilities
$305.00
1088.00
2545.00
3157.00
2892.00
6417.00
6190.00
7745.00
16045.00
19973.00
23065.00
26110.00
24390.00
26827.00
49.86%9.99%Liabilities (Non-current)
$2296.00
1325.00
2664.00
3264.00
2892.00
6417.00
6190.00
17269.00
16045.00
19973.00
32988.00
44495.00
34315.00
45214.00
30.93%31.76%Liabilities (Total)
$3348.00
2425.00
4088.00
5189.00
5767.00
10177.00
13207.00
32322.00
31026.00
41108.00
60014.00
76455.00
59696.00
73315.00
32.90%22.81%Retained Earnings
$1659.00
3159.00
6099.00
9787.00
21670.00
33990.00
41981.00
55692.00
77345.00
69761.00
64799.00
82070.00
61241.00
76793.00
42.57%25.39%AOCI
$2.00
14.00
-228.00
-455.00
-703.00
-227.00
-760.00
-489.00
927.00
-693.00
-3530.00
-2155.00
-2981.00
-2655.00
10.94%Shareholder's Equity
$11755.00
15470.00
36096.00
44218.00
59194.00
74347.00
84127.00
101054.00
128290.00
124879.00
125713.00
153168.00
124795.00
149529.00
26.29%19.82%Liabilities & Equity
$15103.00
17895.00
40184.00
49407.00
64961.00
84524.00
97334.00
133376.00
159316.00
165987.00
185727.00
229623.00
184491.00
222844.00
28.07%20.79%Net Income/Loss
$53.00
1500.00
2940.00
3688.00
10217.00
15934.00
22112.00
18485.00
29146.00
39370.00
23200.00
39098.00
5709.00
12369.00
82.27%116.66%Depreciation & Amortization
$649.00
1011.00
1243.00
1945.00
2342.00
3025.00
4315.00
5741.00
6862.00
7967.00
8686.00
11178.00
2524.00
3374.00
29.53%33.68%Increase/Decrease in Working Capital
$677.00
-676.00
262.00
-784.00
-758.00
-1887.00
1527.00
-7250.00
2723.00
-700.00
-5683.00
-3836.00
-2571.00
-223.00
91.33%Share-based Compensation
$1572.00
906.00
1786.00
2960.00
3218.00
3723.00
4152.00
4836.00
6536.00
9164.00
11992.00
14027.00
3051.00
3562.00
22.01%16.75%Adjustments to Reconcile Net Income
$1559.00
2722.00
2517.00
4911.00
5891.00
8282.00
7162.00
17829.00
9601.00
18313.00
27275.00
32015.00
8289.00
6877.00
31.62%-17.03%Net Cash (Operating)
$1612.00
4222.00
5457.00
8599.00
16108.00
24216.00
29274.00
36314.00
38747.00
57683.00
50475.00
71113.00
13998.00
19246.00
41.09%37.49%Capital Expenditure
$1235.00
1362.00
1831.00
2523.00
4491.00
6733.00
13915.00
15102.00
15115.00
18567.00
31186.00
27045.00
6823.00
6400.00
32.39%-6.20%Net Cash (Investing)
$-7024.00
-2624.00
-5913.00
-9434.00
-11739.00
-20038.00
-11603.00
-19864.00
-30059.00
-7570.00
-28970.00
-24495.00
-6743.00
-8734.00
-29.53%Increase/Decrease in Debt
$-366.00
-1891.00
-243.00
-119.00
500.00
-775.00
-580.00
-663.00
9071.00
7397.00
-264.00
-315.00
-19.32%Increase/Decrease in Equity
$6760.00
1478.00
-1976.00
-12879.00
-4202.00
-6272.00
-44537.00
-27956.00
-19774.00
-9365.00
-15008.00
-60.26%Interest Expenses
$38.00
38.00
14.00
10.00
11.00
1.00
448.00
182.00
121.00
25.14%-33.52%Dividends Paid
$
1273.00
Net Cash (Financing)
$6283.00
-667.00
1571.00
1582.00
-310.00
-5235.00
-15572.00
-7299.00
-10292.00
-50728.00
-22136.00
-19500.00
-10516.00
-19767.00
-87.97%Cash Taxes Paid
$53.00
-339.00
178.00
270.00
1210.00
2117.00
3762.00
5182.00
4229.00
8525.00
6407.00
6607.00
405.00
630.00
55.07%55.56%Effect of Exchange Rate
$1.00
8.00
-123.00
-155.00
-63.00
233.00
-179.00
4.00
279.00
-474.00
-638.00
113.00
85.00
-288.00
53.69%-438.82%Increase/Decrease in Cash
$872.00
939.00
992.00
592.00
3996.00
-824.00
1920.00
9155.00
-1325.00
-1089.00
-1269.00
27231.00
-3176.00
-9543.00
36.73%-200.47%Cash (Beginning)
$1512.00
2384.00
3323.00
4315.00
4907.00
8903.00
8204.00
10124.00
19279.00
17954.00
16865.00
15596.00
15596.00
42827.00
23.63%174.60%Cash (Ending)
$2384.00
3323.00
4315.00
4907.00
8903.00
8079.00
10124.00
19279.00
17954.00
16865.00
15596.00
42827.00
23971.00
65591.00
30.03%173.63%NOPAT
$480.28
1527.23
4812.95
5953.65
11225.80
18126.19
21217.46
18976.51
28506.88
38323.74
22509.21
40238.31
6826.43
13204.21
49.57%93.43%Gross Margin %
73.20%
76.18%
82.73%
84.01%
86.29%
86.58%
83.25%
81.94%
80.58%
80.79%
78.35%
80.76%
78.68%
81.79%
Operating Margin %
10.57%
35.62%
40.06%
34.72%
44.96%
49.70%
44.62%
33.93%
38.01%
39.65%
24.82%
34.66%
25.23%
37.90%
NOPAT Margin %
9.44%
19.40%
38.61%
33.21%
40.62%
44.59%
38.00%
26.84%
33.16%
32.50%
19.30%
29.83%
23.83%
36.22%
Net Margin %
1.04%
19.05%
23.58%
20.57%
36.97%
39.20%
39.60%
26.15%
33.90%
33.38%
19.90%
28.98%
19.93%
33.93%
Tax Rate %
10.73%
45.53%
3.63%
4.36%
9.67%
10.28%
14.83%
20.89%
12.75%
18.03%
22.23%
13.93%
5.54%
4.44%
ROA
3.18%
8.53%
11.98%
12.05%
17.28%
21.45%
21.80%
14.23%
17.89%
23.09%
12.12%
17.52%
3.70%
5.93%
ROE
4.09%
9.87%
13.33%
13.46%
18.96%
24.38%
25.22%
18.78%
22.22%
30.69%
17.91%
26.27%
5.47%
8.83%
ROIC
13.71%
34.03%
16.94%
19.72%
32.75%
43.97%
40.37%
56.83%
30.32%
38.14%
19.06%
30.02%
6.08%
10.42%
Asset Turnover
0.34
0.44
0.31
0.36
0.43
0.48
0.57
0.53
0.54
0.71
0.63
0.59
0.16
0.16
Equity Multiplier
1.28
1.16
1.11
1.12
1.10
1.14
1.16
1.32
1.24
1.33
1.48
1.50
1.48
1.49
Current Ratio
10.71
11.88
9.60
11.25
11.97
12.92
7.19
4.40
5.81
3.15
2.20
2.67
2.07
2.68
Quick Ratio
9.83
11.42
9.04
10.91
11.63
12.64
6.94
4.28
5.65
2.94
2.01
2.55
1.91
2.55
Debt/Equity Ratio
0.20
0.03
0.01
0.00
0.10
0.08
0.12
0.08
0.12
Interest Coverage Ratio
14.16
73.79
356.71
622.50
1129.73
24913.00
104.35
39.71
114.20
Working Capital/Sales
0.22
0.20
0.20
0.18
0.18
0.18
0.15
0.06
0.23
0.09
0.04
0.02
-0.22
-0.18
R&D/Sales
0.27
0.18
0.21
0.27
0.21
0.19
0.18
0.19
0.21
0.21
0.30
0.29
0.33
0.27
Dividend Payout Ratio %
9.64%
Total Payout
$-6356.00
451.00
257.00
129.00
11.00
1976.00
12380.00
4977.00
6852.00
45200.00
18885.00
12825.00
9811.00
16717.00
70.39%Payout Ratio %
-1323.40%
29.53%
5.34%
2.17%
0.10%
10.90%
58.35%
26.23%
24.04%
117.94%
83.90%
31.87%
143.72%
126.60%