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: 2014 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenue | $ 12,466 | 7,872 | 5,089 |
| Costs and expenses: | |||
| Cost of revenue | 2,153 | 1,875 | 1,364 |
| Research and development | 2,666 | 1,415 | 1,399 |
| Marketing and sales | 1,680 | 997 | 896 |
| General and administrative | 973 | 781 | 892 |
| Total costs and expenses | 7,472 | 5,068 | 4,551 |
| Income from operations | 4,994 | 2,804 | 538 |
| Interest and other income/(expense), net | (84) | (50) | (44) |
| Income before provision for income taxes | 4,910 | 2,754 | 494 |
| Provision for income taxes | 1,970 | 1,254 | 441 |
| Net income | 2,940 | 1,500 | 53 |
| Less: Net income attributable to participating securities | 15 | 9 | 21 |
| Net income attributable to Class A and Class B common stockholders | 2,925 | 1,491 | 32 |
| Earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic (in dollars per share) | 1.12 | 0.62 | 0.02 |
| Diluted (in dollars per share) | 1.10 | 0.60 | 0.01 |
| Weighted average shares used to compute earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic (in shares) | 2,614 | 2,420 | 2,006 |
| Diluted (in shares) | 2,664 | 2,517 | 2,166 |
| Share-based compensation expense included in costs and expenses: | |||
| Share-based compensation expense | 1,837 | 906 | 1,572 |
| Income Statement Location | |||
| Cost of revenue | |||
| Share-based compensation expense | 62 | 42 | 88 |
| Research and development | |||
| Share-based compensation expense | 1,328 | 604 | 843 |
| Marketing and sales | |||
| Share-based compensation expense | 249 | 133 | 306 |
| General and administrative | |||
| Share-based compensation expense | 198 | 127 | 335 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
META PLATFORMS, INC. | |||
Ticker: META Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net income | $ 2,940 | 1,500 | 53 |
| Other comprehensive income (loss): | |||
| Change in foreign currency translation adjustment | (239) | 11 | 9 |
| Change in unrealized gain/loss on available-for-sale investments, net of tax | (3) | (1) | 1 |
| Change in unrealized gain/loss on derivative, net of tax | 0 | 2 | (2) |
| Comprehensive income | 2,698 | 1,512 | 61 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
META PLATFORMS, INC. | |||
Ticker: META Fiscal Year: 2014 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities | |||
| Net income | $ 2,940 | 1,500 | 53 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,243 | 1,011 | 649 |
| Lease abandonment | (31) | 117 | 8 |
| Share-based compensation | 1,786 | 906 | 1,572 |
| Deferred income taxes | (210) | (37) | (186) |
| Tax benefit from share-based award activity | 1,853 | 602 | 1,033 |
| Excess tax benefit from share-based award activity | (1,869) | (609) | (1,033) |
| Other | 7 | 56 | 15 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (610) | (378) | (170) |
| Prepaid expenses and other current assets | (123) | 355 | (465) |
| Other assets | (216) | (142) | 2 |
| Accounts payable | 31 | 26 | 1 |
| Partners payable | (28) | 12 | (2) |
| Accrued expenses and other current liabilities | 328 | (38) | 152 |
| Deferred revenue and deposits | 10 | 8 | (60) |
| Other liabilities | 346 | 833 | 43 |
| Net cash provided by operating activities | 5,457 | 4,222 | 1,612 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (1,831) | (1,362) | (1,235) |
| Purchases of marketable securities | (9,104) | (7,433) | (10,307) |
| Sales of marketable securities | 8,438 | 2,988 | 2,100 |
| Maturities of marketable securities | 1,909 | 3,563 | 3,333 |
| Acquisitions of businesses, net of cash acquired, and purchases of intangible assets | (4,975) | (368) | (911) |
| Change in restricted cash and deposits | (348) | (11) | (2) |
| Other investing activities, net | (2) | (1) | (2) |
| Net cash used in investing activities | (5,913) | (2,624) | (7,024) |
| Cash flows from financing activities | |||
| Net proceeds from issuance of common stock | 0 | 1,478 | 6,760 |
| Taxes paid related to net share settlement | (73) | (889) | (2,862) |
| Proceeds from exercise of stock options | 18 | 26 | 17 |
| Proceeds from long-term debt, net of issuance cost | 0 | 0 | 1,496 |
| Repayment of long-term debt | 0 | (1,500) | 0 |
| Proceeds from sale and lease-back transactions | 0 | 0 | 205 |
| Principal payments on capital lease obligations | (243) | (391) | (366) |
| Excess tax benefit from share-based award activity | 1,869 | 609 | 1,033 |
| Net cash provided by (used in) financing activities | 1,571 | (667) | 6,283 |
| Effect of exchange rate changes on cash and cash equivalents | (123) | 8 | 1 |
| Net increase in cash and cash equivalents | 992 | 939 | 872 |
| Cash and cash equivalents at beginning of period | 3,323 | 2,384 | |
| Cash and cash equivalents at end of period | 4,315 | 3,323 | 2,384 |
| Supplemental cash flow data | |||
| Cash paid during the period for: | |||
| Interest | 14 | 38 | 38 |
| Income taxes | 184 | 82 | 184 |
| Cash received during the period for: | |||
| Income taxes | 6 | 421 | 131 |
| Non-cash investing and financing activities: | |||
| Fair value of shares issued related to acquisitions of businesses | 14,344 | 77 | 274 |
| Balance Sheet Location | |||
| Net change in accounts payable and accrued expenses and other current liabilities | |||
| Property and equipment incurred but not yet paid | 91 | 53 | (40) |
| Property and equipment acquired under capital leases | |||
| Property and equipment incurred but not yet paid | 0 | 11 | 340 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
META PLATFORMS, INC. | ||
Ticker: META Fiscal Year: 2014 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 4,315 | 3,323 |
| Marketable securities | 6,884 | 8,126 |
| Accounts receivable, net of allowances for doubtful accounts of $39 and $38 as of December 31, 2014 and December 31, 2013, respectively | 1,678 | 1,109 |
| Prepaid expenses and other current assets | 793 | 512 |
| Total current assets | 13,670 | 13,070 |
| Property and equipment, net | 3,967 | 2,882 |
| Intangible assets, net | 3,929 | 883 |
| Goodwill | 17,981 | 839 |
| Other assets | 637 | 221 |
| Total assets | 40,184 | 17,895 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 176 | 87 |
| Partners payable | 202 | 181 |
| Accrued expenses and other current liabilities | 866 | 555 |
| Deferred revenue and deposits | 66 | 38 |
| Current portion of capital lease obligations | 114 | 239 |
| Total current liabilities | 1,424 | 1,100 |
| Capital lease obligations, less current portion | 119 | 237 |
| Other liabilities | 2,545 | 1,088 |
| Total liabilities | 4,088 | 2,425 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,234 million and 1,970 million shares issued and outstanding, including 13 million and 6 million outstanding shares subject to repurchase, as of December 31, 2014 and December 31, 2013, respectively; 4,141 million Class B shares authorized, 563 million and 577 million shares issued and outstanding, including 6 million outstanding shares subject to repurchase, as of December 31, 2014 and December 31, 2013, respectively | 0 | 0 |
| Additional paid-in capital | 30,225 | 12,297 |
| Accumulated other comprehensive (loss) income | (228) | 14 |
| Retained earnings | 6,099 | 3,159 |
| Total stockholders' equity | 36,096 | 15,470 |
| Total liabilities and stockholders' equity | 40,184 | 17,895 |
| External Links | |
| META PLATFORMS, INC. (META) Fiscal Year 2014 | |
| 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 |