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: 2015 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2015 10-K (Filed: Jan 28, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenue | $ 17,928 | 12,466 | 7,872 |
| Costs and expenses: | |||
| Cost of revenue | 2,867 | 2,153 | 1,875 |
| Research and development | 4,816 | 2,666 | 1,415 |
| Marketing and sales | 2,725 | 1,680 | 997 |
| General and administrative | 1,295 | 973 | 781 |
| Total costs and expenses | 11,703 | 7,472 | 5,068 |
| Income from operations | 6,225 | 4,994 | 2,804 |
| Interest and other income/(expense), net | (31) | (84) | (50) |
| Income before provision for income taxes | 6,194 | 4,910 | 2,754 |
| Provision for income taxes | 2,506 | 1,970 | 1,254 |
| Net income | 3,688 | 2,940 | 1,500 |
| Less: Net income attributable to participating securities | 19 | 15 | 9 |
| Net income attributable to Class A and Class B common stockholders | 3,669 | 2,925 | 1,491 |
| Earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic (in dollars per share) | 1.31 | 1.12 | 0.62 |
| Diluted (in dollars per share) | 1.29 | 1.10 | 0.60 |
| Weighted average shares used to compute earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic (in shares) | 2,803 | 2,614 | 2,420 |
| Diluted (in shares) | 2,853 | 2,664 | 2,517 |
| Share-based compensation expense included in costs and expenses: | |||
| Share-based compensation expense | 2,969 | 1,837 | 906 |
| Income Statement Location | |||
| Cost of revenue | |||
| Share-based compensation expense | 81 | 62 | 42 |
| Research and development | |||
| Share-based compensation expense | 2,350 | 1,328 | 604 |
| Marketing and sales | |||
| Share-based compensation expense | 320 | 249 | 133 |
| General and administrative | |||
| Share-based compensation expense | 218 | 198 | 127 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
META PLATFORMS, INC. | |||
Ticker: META Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2015 10-K (Filed: Jan 28, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net income | $ 3,688 | 2,940 | 1,500 |
| Other comprehensive income (loss): | |||
| Change in foreign currency translation adjustment, net of tax | (202) | (239) | 11 |
| Change in unrealized gain/loss on available-for-sale investments and other, net of tax | (25) | (3) | 1 |
| Comprehensive income | 3,461 | 2,698 | 1,512 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
META PLATFORMS, INC. | |||
Ticker: META Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2015 10-K (Filed: Jan 28, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities | |||
| Net income | $ 3,688 | 2,940 | 1,500 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,945 | 1,243 | 1,011 |
| Lease abandonment | 0 | (31) | 117 |
| Share-based compensation | 2,960 | 1,786 | 906 |
| Deferred income taxes | (795) | (210) | (37) |
| Tax benefit from share-based award activity | 1,721 | 1,853 | 602 |
| Excess tax benefit from share-based award activity | (1,721) | (1,869) | (609) |
| Other | 17 | 7 | 56 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (973) | (610) | (378) |
| Prepaid expenses and other current assets | (144) | (123) | 355 |
| Other assets | (3) | (216) | (142) |
| Accounts payable | 18 | 31 | 26 |
| Partners payable | 17 | (28) | 12 |
| Accrued expenses and other current liabilities | 513 | 328 | (38) |
| Deferred revenue and deposits | (9) | 10 | 8 |
| Other liabilities | 1,365 | 346 | 833 |
| Net cash provided by operating activities | 8,599 | 5,457 | 4,222 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (2,523) | (1,831) | (1,362) |
| Purchases of marketable securities | (15,938) | (9,104) | (7,433) |
| Sales of marketable securities | 6,928 | 8,438 | 2,988 |
| Maturities of marketable securities | 2,310 | 1,909 | 3,563 |
| Acquisitions of businesses, net of cash acquired, and purchases of intangible assets | (313) | (4,975) | (368) |
| Change in restricted cash and deposits | 102 | (348) | (11) |
| Other investing activities, net | 0 | (2) | (1) |
| Net cash used in investing activities | (9,434) | (5,913) | (2,624) |
| Cash flows from financing activities | |||
| Net proceeds from issuance of common stock | 0 | 0 | 1,478 |
| Taxes paid related to net share settlement | (20) | (73) | (889) |
| Proceeds from exercise of stock options | 0 | 18 | 26 |
| Repayment of long-term debt | 0 | 0 | (1,500) |
| Principal payments on capital lease obligations | (119) | (243) | (391) |
| Excess tax benefit from share-based award activity | 1,721 | 1,869 | 609 |
| Net cash provided by (used in) financing activities | 1,582 | 1,571 | (667) |
| Effect of exchange rate changes on cash and cash equivalents | (155) | (123) | 8 |
| Net increase in cash and cash equivalents | 592 | 992 | 939 |
| Cash and cash equivalents at beginning of period | 4,315 | 3,323 | |
| Cash and cash equivalents at end of period | 4,907 | 4,315 | 3,323 |
| Supplemental cash flow data | |||
| Cash paid during the period for: | |||
| Interest | 10 | 14 | 38 |
| Income taxes | 273 | 184 | 82 |
| Cash received during the period for: | |||
| Income taxes | 3 | 6 | 421 |
| Non-cash investing and financing activities: | |||
| Fair value of shares issued related to acquisitions of businesses | 0 | 14,344 | 77 |
| Promissory note payable issued in connection with an acquisition | 198 | 0 | 0 |
| Balance Sheet Location | |||
| Net change in accounts payable and accrued expenses and other current liabilities | |||
| Property and equipment incurred but not yet paid | 88 | 91 | 53 |
| Property and equipment acquired under capital leases | |||
| Property and equipment incurred but not yet paid | 0 | 0 | 11 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
META PLATFORMS, INC. | ||
Ticker: META Fiscal Year: 2015 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2015 10-K (Filed: Jan 28, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 4,907 | 4,315 |
| Marketable securities | 13,527 | 6,884 |
| Accounts receivable, net of allowances for doubtful accounts of $68 and $39 as of December 31, 2015 and December 31, 2014, respectively | 2,559 | 1,678 |
| Prepaid expenses and other current assets | 659 | 513 |
| Total current assets | 21,652 | 13,390 |
| Property and equipment, net | 5,687 | 3,967 |
| Intangible assets, net | 3,246 | 3,929 |
| Goodwill | 18,026 | 17,981 |
| Other assets | 796 | 699 |
| Total assets | 49,407 | 39,966 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 196 | 176 |
| Partners payable | 217 | 202 |
| Accrued expenses and other current liabilities | 1,449 | 866 |
| Deferred revenue and deposits | 56 | 66 |
| Current portion of capital lease obligations | 7 | 114 |
| Total current liabilities | 1,925 | 1,424 |
| Capital lease obligations, less current portion | 107 | 119 |
| Other liabilities | 3,157 | 2,327 |
| Total liabilities | 5,189 | 3,870 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,293 million and 2,234 million shares issued and outstanding, including 8 million and 13 million outstanding shares subject to repurchase, as of December 31, 2015 and December 31, 2014, respectively; 4,141 million Class B shares authorized, 552 million and 563 million shares issued and outstanding, including 3 million and 6 million outstanding shares subject to repurchase, as of December 31, 2015 and December 31, 2014, respective | 0 | 0 |
| Additional paid-in capital | 34,886 | 30,225 |
| Accumulated other comprehensive loss | (455) | (228) |
| Retained earnings | 9,787 | 6,099 |
| Total stockholders' equity | 44,218 | 36,096 |
| Total liabilities and stockholders' equity | 49,407 | 39,966 |
| External Links | |
| META PLATFORMS, INC. (META) Fiscal Year 2015 | |
| 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 |