10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
META PLATFORMS, INC. | |||
Ticker: META Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2013 10-K (Filed: Jan 31, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenue | $ 7,872 | 5,089 | 3,711 |
| Costs and expenses: | |||
| Cost of revenue | 1,875 | 1,364 | 860 |
| Research and development | 1,415 | 1,399 | 388 |
| Marketing and sales | 997 | 896 | 393 |
| General and administrative | 781 | 892 | 314 |
| Total costs and expenses | 5,068 | 4,551 | 1,955 |
| Income from operations | 2,804 | 538 | 1,756 |
| Interest and other income (expense), net: | |||
| Interest expense | (56) | (51) | (42) |
| Other income (expense), net | 6 | 7 | (19) |
| Income before provision for income taxes | 2,754 | 494 | 1,695 |
| Provision for income taxes | 1,254 | 441 | 695 |
| Net income | 1,500 | 53 | 1,000 |
| Less: Net income attributable to participating securities | 9 | 21 | 332 |
| Net income attributable to Class A and Class B common stockholders | 1,491 | 32 | 668 |
| Earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic (in dollars per share) | 0.62 | 0.02 | 0.52 |
| Diluted (in dollars per share) | 0.60 | 0.01 | 0.46 |
| Weighted average shares used to compute earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic (in shares) | 2,420 | 2,006 | 1,294 |
| Diluted (in shares) | 2,517 | 2,166 | 1,508 |
| Share-based compensation expense included in costs and expenses: | |||
| Share-based compensation expense | 906 | 1,572 | 217 |
| Income Statement Location | |||
| Cost of revenue | |||
| Share-based compensation expense | 42 | 88 | 9 |
| Research and development | |||
| Share-based compensation expense | 604 | 843 | 114 |
| Marketing and sales | |||
| Share-based compensation expense | 133 | 306 | 37 |
| General and administrative | |||
| Share-based compensation expense | 127 | 335 | 57 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
META PLATFORMS, INC. | |||
Ticker: META Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2013 10-K (Filed: Jan 31, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net income | $ 1,500 | 53 | 1,000 |
| Other comprehensive income (loss): | |||
| Change in foreign currency translation adjustment | 11 | 9 | 0 |
| Change in unrealized gain/loss on available-for-sale investments, net of tax | (1) | 1 | 0 |
| Change in unrealized gain/loss on derivative, net of tax | 2 | (2) | 0 |
| Comprehensive income | 1,512 | 61 | 1,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
META PLATFORMS, INC. | |||
Ticker: META Fiscal Year: 2013 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2013 10-K (Filed: Jan 31, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities | |||
| Net income | $ 1,500 | 53 | 1,000 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,011 | 649 | 323 |
| Lease abandonment expense | 117 | 8 | 0 |
| Loss on disposal or write-off of equipment | 56 | 15 | 4 |
| Share-based compensation | 906 | 1,572 | 217 |
| Deferred income taxes | (37) | (186) | (30) |
| Tax benefit from share-based award activity | 602 | 1,033 | 433 |
| Excess tax benefit from share-based award activity | (609) | (1,033) | (433) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (378) | (170) | (174) |
| Income tax refundable | 400 | (451) | 0 |
| Prepaid expenses and other current assets | (45) | (14) | (24) |
| Other assets | (142) | 2 | (5) |
| Accounts payable | 26 | 1 | 6 |
| Developer partners payable | 12 | (2) | 96 |
| Accrued expenses and other current liabilities | (38) | 152 | 37 |
| Deferred revenue and deposits | 8 | (60) | 49 |
| Other liabilities | 833 | 43 | 50 |
| Net cash provided by operating activities | 4,222 | 1,612 | 1,549 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (1,362) | (1,235) | (606) |
| Purchases of marketable securities | (7,433) | (10,307) | (3,025) |
| Sales of marketable securities | 2,988 | 2,100 | 113 |
| Maturities of marketable securities | 3,563 | 3,333 | 516 |
| Investments in non-marketable equity securities | (1) | (2) | (3) |
| Acquisitions of businesses, net of cash acquired, and purchases of intangible assets | (368) | (911) | (24) |
| Change in restricted cash and deposits | (11) | (2) | 6 |
| Net cash used in investing activities | (2,624) | (7,024) | (3,023) |
| Cash flows from financing activities | |||
| Net proceeds from issuance of common stock | 1,478 | 6,760 | 998 |
| Taxes paid related to net share settlement of equity awards | (889) | (2,862) | 0 |
| Proceeds from exercise of stock options | 26 | 17 | 28 |
| Proceeds from long-term debt, net of issuance cost | 0 | 1,496 | 0 |
| Repayment of long-term debt | (1,500) | 0 | (250) |
| Proceeds from sale and lease-back transactions | 0 | 205 | 170 |
| Principal payments on capital lease obligations | (391) | (366) | (181) |
| Excess tax benefit from share-based award activity | 609 | 1,033 | 433 |
| Net cash (used in) provided by financing activities | (667) | 6,283 | 1,198 |
| Effect of exchange rate changes on cash and cash equivalents | 8 | 1 | 3 |
| Net increase (decrease) in cash and cash equivalents | 939 | 872 | (273) |
| Cash and cash equivalents at beginning of period | 2,384 | 1,512 | |
| Cash and cash equivalents at end of period | 3,323 | 2,384 | 1,512 |
| Supplemental cash flow data | |||
| Cash paid during the period for: | |||
| Interest | 38 | 38 | 28 |
| Income taxes | 82 | 184 | 197 |
| Cash received during the period for: | |||
| Refund of income taxes | 421 | 131 | 0 |
| Non-cash investing and financing activities: | |||
| Fair value of shares issued related to acquisitions of businesses and other assets | 77 | 274 | 58 |
| Balance Sheet Location | |||
| Net change in accounts payable and accrued expenses and other current liabilities | |||
| Property and equipment incurred but not yet paid | 53 | (40) | 135 |
| Capital lease obligations | |||
| Property and equipment incurred but not yet paid | 11 | 340 | 473 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
META PLATFORMS, INC. | ||
Ticker: META Fiscal Year: 2013 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2013 10-K (Filed: Jan 31, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 3,323 | 2,384 |
| Marketable securities | 8,126 | 7,242 |
| Accounts receivable, net of allowances for doubtful accounts of $38 and $22 as of December 31, 2013 and December 31, 2012, respectively | 1,109 | 719 |
| Income tax refundable | 51 | 451 |
| Prepaid expenses and other current assets | 461 | 471 |
| Total current assets | 13,070 | 11,267 |
| Property and equipment, net | 2,882 | 2,391 |
| Goodwill and intangible assets, net | 1,722 | 1,388 |
| Other assets | 221 | 57 |
| Total assets | 17,895 | 15,103 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 87 | 65 |
| Developer partners payable | 181 | 169 |
| Accrued expenses and other current liabilities | 555 | 423 |
| Deferred revenue and deposits | 38 | 30 |
| Current portion of capital lease obligations | 239 | 365 |
| Total current liabilities | 1,100 | 1,052 |
| Capital lease obligations, less current portion | 237 | 491 |
| Long-term debt | 0 | 1,500 |
| Other liabilities | 1,088 | 305 |
| Total liabilities | 2,425 | 3,348 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 1,970 million and 1,671 million shares issued and outstanding, including 6 million and 2 million outstanding shares subject to repurchase as of December 31, 2013 and December 31, 2012, respectively; 4,141 million Class B shares authorized, 577 million and 701 million shares issued and outstanding, including 6 million and 11 million outstanding shares subject to repurchase as of December 31, 2013 and December 31, 2012, respectively | 0 | 0 |
| Additional paid-in capital | 12,297 | 10,094 |
| Accumulated other comprehensive income | 14 | 2 |
| Retained earnings | 3,159 | 1,659 |
| Total stockholders' equity | 15,470 | 11,755 |
| Total liabilities and stockholders' equity | 17,895 | 15,103 |
| External Links | |
| META PLATFORMS, INC. (META) Fiscal Year 2013 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |