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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
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2019 2020 2021 2022
10-K.Info (Beta Test)
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2022

CONSOLIDATED STATEMENTS OF INCOME

Period Ending Dec 31, 2022 10-K (Filed: Feb 2, 2023)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2022Dec 31, 2021Dec 31, 2020
Revenue
$
116,609
117,92985,965
Costs and expenses:
Cost of revenue25,24922,64916,692
Research and development35,33824,65518,447
Marketing and sales15,26214,04311,591
General and administrative11,8169,8296,564
Total costs and expenses87,66571,17653,294
 
Income from operations28,94446,75332,671
 
Interest and other income (expense), net(125)531509
Income before provision for income taxes28,81947,28433,180
 
Provision for income taxes5,6197,9144,034
Net income23,20039,37029,146
 
Earnings per share attributable to Class A and Class B common stockholders:
Basic (in dollars per share)8.6313.9910.22
Diluted (in dollars per share)8.5913.7710.09
Weighted-average shares used to compute earnings per share attributable to Class A and Class B common stockholders:
Basic (in shares)2,6872,8152,851
Diluted (in shares)2,7022,8592,888
Share-based compensation expense included in costs and expenses:
Share-based compensation expense included in costs and expenses11,9929,1646,536
Income Statement Location
Cost of revenue
Share-based compensation expense included in costs and expenses768577447
Research and development
Share-based compensation expense included in costs and expenses9,3617,1064,918
Marketing and sales
Share-based compensation expense included in costs and expenses1,004837691
General and administrative
Share-based compensation expense included in costs and expenses859644480
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2022

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Period Ending Dec 31, 2022 10-K (Filed: Feb 2, 2023)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2022Dec 31, 2021Dec 31, 2020
Net income
$
23,200
39,37029,146
Other comprehensive income (loss):
Change in foreign currency translation adjustment, net of tax(1,184)(1,116)1,056
Change in unrealized gain (loss) on available-for-sale investments and other, net of tax(1,653)(504)360
Comprehensive income20,36337,75030,562
 
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2022

CONSOLIDATED STATEMENTS OF CASH FLOWS

Period Ending Dec 31, 2022 10-K (Filed: Feb 2, 2023)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2022Dec 31, 2021Dec 31, 2020
Cash flows from operating activities
Net income
$
23,200
39,37029,146
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization8,6867,9676,862
Share-based compensation11,9929,1646,536
Deferred income taxes(3,286)609(1,192)
Fair value adjustments for non-marketable securities463(232)33
Other17810585
Changes in assets and liabilities:
Accounts receivable231(3,110)(1,512)
Prepaid expenses and other current assets162(1,750)135
Other assets(106)(349)(34)
Accounts payable2101,436(17)
Partners payable90(12)178
Accrued expenses and other current liabilities4,2103,544(946)
Other liabilities886941(527)
Net cash provided by operating activities50,47557,68338,747
 
Cash flows from investing activities
Purchases of property and equipment(31,431)(18,690)(15,163)
Proceeds relating to property and equipment24512348
Purchases of marketable debt securities(9,626)(30,407)(33,930)
Sales of marketable debt securities11,08331,67111,787
Maturities of marketable debt securities2,07510,91513,984
Purchases of non-marketable equity securities(5)(47)(6,361)
Acquisitions of businesses and intangible assets(1,312)(851)(388)
Other investing activities1(284)(36)
Net cash used in investing activities(28,970)(7,570)(30,059)
 
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards(3,595)(5,515)(3,564)
Repurchases of Class A common stock(27,956)(44,537)(6,272)
Proceeds from issuance of long-term debt, net9,92100
Principal payments on finance leases(850)(677)(604)
Other financing activities3441148
Net cash used in financing activities(22,136)(50,728)(10,292)
 
Effect of exchange rate changes on cash, cash equivalents, and restricted cash(638)(474)279
Net decrease in cash, cash equivalents, and restricted cash(1,269)(1,089)(1,325)
 
Cash, cash equivalents, and restricted cash at beginning of the period16,86517,954
Cash, cash equivalents, and restricted cash at end of the period15,59616,86517,954
 
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents14,68116,60117,576
Restricted cash:915264378
Total cash, cash equivalents, and restricted cash15,59616,86517,954
Supplemental cash flow data
Cash paid for income taxes, net6,4078,5254,229
Non-cash investing and financing activities:
Property and equipment in accounts payable and accrued expenses and other current liabilities3,3193,4042,201
Acquisition of businesses in accrued expenses and other current liabilities and other liabilities29173118
Other current assets through financing arrangement in accrued expenses and other current liabilities165080
Repurchases of Class A common stock in accrued expenses and other current liabilities31034068
Balance Sheet Location
Prepaid Expenses and Other Current Assets
Restricted cash:294149241
Other Assets
Restricted cash:621115137
Restructuring Type
Impairment charges for leases and leasehold improvements
Restructuring charges2,21800
Data Center Assets
Restructuring charges1,34100
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2022

CONSOLIDATED BALANCE SHEETS

Period Ending Dec 31, 2022 10-K (Filed: Feb 2, 2023)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2022Dec 31, 2021
Assets
Current assets:
Cash and cash equivalents
$
14,681
16,601
Marketable securities26,05731,397
Accounts receivable, net13,46614,039
Prepaid expenses and other current assets5,3454,629
Total current assets59,54966,666
 
Non-marketable equity securities6,2016,775
Property and equipment, net79,51857,809
Operating lease right-of-use assets12,67312,155
Intangible assets, net897634
Goodwill20,30619,197
Other assets6,5832,751
Total assets185,727165,987
 
Liabilities and stockholders' equity
Current liabilities:
Accounts payable4,9904,083
Partners payable1,1171,052
Operating lease liabilities, current1,3671,127
Accrued expenses and other current liabilities19,55214,873
Total current liabilities27,02621,135
 
Operating lease liabilities, non-current15,30112,746
Long-term debt9,9230
Other liabilities7,7647,227
Total liabilities60,01441,108
 
Commitments and contingencies  
Stockholders' equity:
Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,247 million and 2,328 million shares issued and outstanding, as of December 31, 2022 and 2021, respectively; 4,141 million Class B shares authorized, 367 million and 413 million shares issued and outstanding, as of December 31, 2022 and 2021, respectively00
Additional paid-in capital64,44455,811
Accumulated other comprehensive loss(3,530)(693)
Retained earnings64,79969,761
Total stockholders' equity125,713124,879
 
Total liabilities and stockholders' equity185,727165,987
 
External Links 
META PLATFORMS, INC. (META) Fiscal Year 2022
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