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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2018

CONSOLIDATED STATEMENTS OF INCOME

Period Ending Dec 31, 2018 10-K (Filed: Jan 31, 2019)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2018Dec 31, 2017Dec 31, 2016
Revenue
$
55,838
40,65327,638
Costs and expenses:
Cost of revenue9,3555,4543,789
Research and development10,2737,7545,919
Marketing and sales7,8464,7253,772
General and administrative3,4512,5171,731
Total costs and expenses30,92520,45015,211
 
Income from operations24,91320,20312,427
 
Interest and other income (expense), net44839191
Income before provision for income taxes25,36120,59412,518
 
Provision for income taxes3,2494,6602,301
Net income22,11215,93410,217
 
Less: Net income attributable to participating securities11429
Net income attributable to Class A and Class B common stockholders22,11115,92010,188
 
Earnings per share attributable to Class A and Class B common stockholders:
Basic (in dollars per share)7.655.493.56
Diluted (in dollars per share)7.575.393.49
Weighted average shares used to compute earnings per share attributable to Class A and Class B common stockholders:
Basic (in shares)2,8902,9012,863
Diluted (in shares)2,9212,9562,925
Share-based compensation expense included in costs and expenses:
Share-based compensation expense4,1523,7233,218
Income Statement Location
Cost of revenue
Share-based compensation expense284178113
Research and development
Share-based compensation expense3,0222,8202,494
Marketing and sales
Share-based compensation expense511436368
General and administrative
Share-based compensation expense335289243
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2018

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Period Ending Dec 31, 2018 10-K (Filed: Jan 31, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2018Dec 31, 2017Dec 31, 2016
Net income
$
22,112
15,93410,217
Other comprehensive income (loss):
Change in foreign currency translation adjustment, net of tax(450)566(152)
Change in unrealized gain/loss on available-for-sale investments and other, net of tax(52)(90)(96)
Comprehensive income21,61016,4109,969
 
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2018

CONSOLIDATED STATEMENTS OF CASH FLOWS

Period Ending Dec 31, 2018 10-K (Filed: Jan 31, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2018Dec 31, 2017Dec 31, 2016
Cash flows from operating activities
Net income
$
22,112
15,93410,217
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization4,3153,0252,342
Share-based compensation4,1523,7233,218
Deferred income taxes286(377)(457)
Other(64)2430
Changes in assets and liabilities:
Accounts receivable(1,892)(1,609)(1,489)
Prepaid expenses and other current assets(690)(192)(159)
Other assets(159)15414
Accounts payable2214314
Partners payable1579567
Accrued expenses and other current liabilities1,4173091,014
Deferred revenue and deposits53435
Other liabilities(634)3,0831,262
Net cash provided by operating activities29,27424,21616,108
 
Cash flows from investing activities
Purchases of property and equipment, net(13,915)(6,733)(4,491)
Purchases of marketable securities(14,656)(25,682)(22,341)
Sales of marketable securities12,3589,44413,894
Maturities of marketable securities4,7722,9881,261
Acquisitions of businesses, net of cash acquired, and purchases of intangible assets(137)(122)(123)
Other investing activities, net(25)(13)8
Net cash used in investing activities(11,603)(20,118)(11,792)
 
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards(3,208)(3,246)(6)
Principal payments on capital lease and other financing obligations00(312)
Repurchases of Class A common stock(12,879)(1,976)0
Net change in overdraft in cash pooling entities50000
Other financing activities, net15(13)8
Net cash used in financing activities(15,572)(5,235)(310)
 
Effect of exchange rate changes on cash, cash equivalents, and restricted cash(179)232(63)
Net increase (decrease) in cash, cash equivalents, and restricted cash1,920(905)3,943
 
Cash, cash equivalents, and restricted cash at beginning of the period8,2049,109
Cash, cash equivalents, and restricted cash at end of the period10,1248,2049,109
 
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents10,0198,0798,903
Total cash, cash equivalents, and restricted cash10,1248,2049,109
 
Supplemental cash flow data
Cash paid during the period for:
Interest1011
Income taxes, net3,7622,1171,210
Non-cash investing and financing activities:
Net change in prepaids and liabilities related to property and equipment additions918495136
Settlement of acquisition-related contingent consideration liability010233
Change in unsettled repurchases of Class A common stock51940
Balance Sheet Location
Prepaid Expenses and Other Current Assets
Restricted cash1018106
Other Assets
Restricted cash95107100
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2018

CONSOLIDATED BALANCE SHEETS

Period Ending Dec 31, 2018 10-K (Filed: Jan 31, 2019)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2018Dec 31, 2017
Assets
Current assets:
Cash and cash equivalents
$
10,019
8,079
Marketable securities31,09533,632
Accounts receivable, net of allowances of $229 and $189 as of December 31, 2018 and 2017, respectively7,5875,832
Prepaid expenses and other current assets1,7791,020
Total current assets50,48048,563
 
Property and equipment, net24,68313,721
Intangible assets, net1,2941,884
Goodwill18,30118,221
Other assets2,5762,135
Total assets97,33484,524
 
Liabilities and stockholders' equity
Current liabilities:
Accounts payable820380
Partners payable541390
Accrued expenses and other current liabilities5,5092,892
Deferred revenue and deposits14798
Total current liabilities7,0173,760
 
Other liabilities6,1906,417
Total liabilities13,20710,177
 
Commitments and contingencies  
Stockholders' equity:
Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,385 million and 2,397 million shares issued and outstanding, as of December 31, 2018 and December 31, 2017, respectively; 4,141 million Class B shares authorized, 469 million and 509 million shares issued and outstanding, as of December 31, 2018 and December 31, 2017, respectively.00
Additional paid-in capital42,90640,584
Accumulated other comprehensive loss(760)(227)
Retained earnings41,98133,990
Total stockholders' equity84,12774,347
 
Total liabilities and stockholders' equity97,33484,524
 
External Links 
META PLATFORMS, INC. (META) Fiscal Year 2018
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