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: 2012 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 1, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenue | $ 5,089 | 3,711 | 1,974 |
| Costs and expenses: | |||
| Cost of revenue | 1,364 | 860 | 493 |
| Research and development | 1,399 | 388 | 144 |
| Marketing and sales | 896 | 393 | 167 |
| General and administrative | 892 | 314 | 138 |
| Total costs and expenses | 4,551 | 1,955 | 942 |
| Income from operations | 538 | 1,756 | 1,032 |
| Interest and other income (expense), net: | |||
| Interest expense | (51) | (42) | (22) |
| Other income (expense), net | 7 | (19) | (2) |
| Income before provision for income taxes | 494 | 1,695 | 1,008 |
| Provision for income taxes | 441 | 695 | 402 |
| Net income | 53 | 1,000 | 606 |
| Less: Net income attributable to participating securities | 21 | 332 | 234 |
| Net income attributable to Class A and Class B common stockholders | 32 | 668 | 372 |
| Earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic | 0.02 | 0.52 | 0.34 |
| Diluted | 0.01 | 0.46 | 0.28 |
| Weighted average shares used to compute earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic | 2,006 | 1,294 | 1,107 |
| Diluted | 2,166 | 1,508 | 1,414 |
| Share-based compensation expense included in costs and expenses: | |||
| Share-based compensation expense | 1,572 | 217 | 20 |
| Income Statement Location | |||
| Cost of revenue | |||
| Share-based compensation expense | 88 | 9 | 0 |
| Research and development | |||
| Share-based compensation expense | 843 | 114 | 9 |
| Marketing and sales | |||
| Share-based compensation expense | 306 | 37 | 2 |
| General and administrative | |||
| Share-based compensation expense | 335 | 57 | 9 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
META PLATFORMS, INC. | |||
Ticker: META Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 1, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 53 | 1,000 | 606 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustment | 9 | 0 | (6) |
| Unrealized gain on available-for-sale investments, net of tax | 1 | 0 | 0 |
| Unrealized loss on derivatives arising during period, net of tax | (2) | 0 | 0 |
| Comprehensive income | 61 | 1,000 | 600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
META PLATFORMS, INC. | |||
Ticker: META Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 1, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities | |||
| Net income | $ 53 | 1,000 | 606 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 649 | 323 | 139 |
| Loss on write-off of equipment | 15 | 4 | 3 |
| Share-based compensation | 1,572 | 217 | 20 |
| Deferred income taxes | (186) | (30) | 23 |
| Tax benefit from share-based award activity | 1,033 | 433 | 115 |
| Excess tax benefit from share-based award activity | (1,033) | (433) | (115) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (170) | (174) | (209) |
| Income tax refundable | (451) | 0 | 0 |
| Prepaid expenses and other current assets | (14) | (24) | (38) |
| Other assets | 2 | (5) | (6) |
| Accounts payable | 1 | 6 | 12 |
| Platform partners payable | (2) | 96 | 75 |
| Accrued expenses and other current liabilities | 160 | 37 | 20 |
| Deferred revenue and deposits | (60) | 49 | 37 |
| Other liabilities | 43 | 50 | 16 |
| Net cash provided by operating activities | 1,612 | 1,549 | 698 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (1,235) | (606) | (293) |
| Purchases of marketable securities | (10,307) | (3,025) | 0 |
| Sales of marketable securities | 2,100 | 113 | 0 |
| Maturities of marketable securities | 3,333 | 516 | 0 |
| Investments in non-marketable equity securities | (2) | (3) | 0 |
| Acquisitions of businesses, net of cash acquired, and purchases of intangible and other assets | (911) | (24) | (22) |
| Change in restricted cash and deposits | (2) | 6 | (9) |
| Net cash used in investing activities | (7,024) | (3,023) | (324) |
| Cash flows from financing activities | |||
| Net proceeds from issuance of common stock | 6,760 | 998 | 500 |
| Taxes paid related to net share settlement of equity awards | (2,862) | 0 | 0 |
| Proceeds from exercise of stock options | 17 | 28 | 6 |
| Proceeds from long-term debt, net of issuance cost | 1,496 | 0 | 250 |
| Repayments of long-term debt | 0 | (250) | 0 |
| Proceeds from sale and lease-back transactions | 205 | 170 | 0 |
| Principal payments on capital lease obligations | (366) | (181) | (90) |
| Excess tax benefit from share-based award activity | 1,033 | 433 | 115 |
| Net cash provided by financing activities | 6,283 | 1,198 | 781 |
| Effect of exchange rate changes on cash and cash equivalents | 1 | 3 | (3) |
| Net increase (decrease) in cash and cash equivalents | 872 | (273) | 1,152 |
| Cash and cash equivalents at beginning of period | 1,512 | 1,785 | |
| Cash and cash equivalents at end of period | 2,384 | 1,512 | 1,785 |
| Supplemental cash flow data | |||
| Cash paid during the period for: | |||
| Interest | 38 | 28 | 23 |
| Income taxes, net | 53 | 197 | 261 |
| Non-cash investing and financing activities: | |||
| Fair value of shares issued related to acquisitions of businesses and other assets | 274 | 58 | 60 |
| Balance Sheet Location | |||
| Net change in accounts payable and accrued expenses and other liabilities | |||
| Capital expenditures incurred but not yet paid | (40) | 135 | 47 |
| Capital Lease Obligations | |||
| Capital expenditures incurred but not yet paid | 340 | 473 | 217 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
META PLATFORMS, INC. | ||
Ticker: META Fiscal Year: 2012 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 1, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,384 | 1,512 |
| Marketable securities | 7,242 | 2,396 |
| Accounts receivable, net of allowances for doubtful accounts of $22 and $17 as of December 31, 2012 and 2011, respectively | 719 | 547 |
| Income tax refundable | 451 | 0 |
| Prepaid expenses and other current assets | 471 | 149 |
| Total current assets | 11,267 | 4,604 |
| Property and equipment, net | 2,391 | 1,475 |
| Goodwill and intangible assets, net | 1,388 | 162 |
| Other assets | 57 | 90 |
| Total assets | 15,103 | 6,331 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 65 | 63 |
| Platform partners payable | 169 | 171 |
| Accrued expenses and other current liabilities | 423 | 296 |
| Deferred revenue and deposits | 30 | 90 |
| Current portion of capital lease obligations | 365 | 279 |
| Total current liabilities | 1,052 | 899 |
| Capital lease obligations, less current portion | 491 | 398 |
| Long-term debt | 1,500 | 0 |
| Other liabilities | 305 | 135 |
| Total liabilities | 3,348 | 1,432 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Convertible preferred stock | 0 | 615 |
| Common stock value | 0 | 0 |
| Additional paid-in capital | 10,094 | 2,684 |
| Accumulated other comprehensive income (loss) | 2 | (6) |
| Retained earnings | 1,659 | 1,606 |
| Total stockholders equity | 11,755 | 4,899 |
| Total liabilities and stockholders equity | 15,103 | 6,331 |
| External Links | |
| META PLATFORMS, INC. (META) Fiscal Year 2012 | |
| 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 |