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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
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2019 2020 2021 2022
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2019

CONSOLIDATED STATEMENTS OF INCOME

Period Ending Dec 31, 2019 10-K (Filed: Jan 30, 2020)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2019Dec 31, 2018Dec 31, 2017
Revenue
$
70,697
55,83840,653
Costs and expenses:
Cost of revenue12,7709,3555,454
Research and development13,60010,2737,754
Marketing and sales9,8767,8464,725
General and administrative10,4653,4512,517
Total costs and expenses46,71130,92520,450
 
Income from operations23,98624,91320,203
 
Interest and other income, net826448391
Income before provision for income taxes24,81225,36120,594
 
Provision for income taxes6,3273,2494,660
Net income18,48522,11215,934
 
Less: Net income attributable to participating securities0(1)(14)
Net income attributable to Class A and Class B common stockholders18,48522,11115,920
 
Earnings per share attributable to Class A and Class B common stockholders:
Basic (in dollars per share)6.487.655.49
Diluted (in dollars per share)6.437.575.39
Weighted-average shares used to compute earnings per share attributable to Class A and Class B common stockholders:
Basic (in shares)2,8542,8902,901
Diluted (in shares)2,8762,9212,956
Share-based compensation expense included in costs and expenses:
Share-based compensation expense4,8364,1523,723
Income Statement Location
Cost of revenue
Share-based compensation expense377284178
Research and development
Share-based compensation expense3,4883,0222,820
Marketing and sales
Share-based compensation expense569511436
General and administrative
Share-based compensation expense402335289
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2019

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Period Ending Dec 31, 2019 10-K (Filed: Jan 30, 2020)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2019Dec 31, 2018Dec 31, 2017
Net income
$
18,485
22,11215,934
Other comprehensive income (loss):
Change in foreign currency translation adjustment, net of tax(151)(450)566
Change in unrealized gain/loss on available-for-sale investments and other, net of tax422(52)(90)
Comprehensive income18,75621,61016,410
 
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2019

CONSOLIDATED STATEMENTS OF CASH FLOWS

Period Ending Dec 31, 2019 10-K (Filed: Jan 30, 2020)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2019Dec 31, 2018Dec 31, 2017
Cash flows from operating activities
Net income
$
18,485
22,11215,934
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization5,7414,3153,025
Share-based compensation4,8364,1523,723
Deferred income taxes(37)286(377)
Other39(64)24
Changes in assets and liabilities:
Accounts receivable(1,961)(1,892)(1,609)
Prepaid expenses and other current assets47(690)(192)
Other assets41(159)154
Accounts payable11322143
Partners payable34815795
Accrued expenses and other current liabilities7,3001,417309
Deferred revenue and deposits123534
Other liabilities1,239(634)3,083
Net cash provided by operating activities36,31429,27424,216
 
Cash flows from investing activities
Purchases of property and equipment, net(15,102)(13,915)(6,733)
Purchases of marketable securities(23,910)(14,656)(25,682)
Sales of marketable securities9,56512,3589,444
Maturities of marketable securities10,1524,7722,988
Acquisitions of businesses, net of cash acquired, and purchases of intangible assets(508)(137)(122)
Other investing activities, net(61)(25)(13)
Net cash used in investing activities(19,864)(11,603)(20,118)
 
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards(2,337)(3,208)(3,246)
Repurchases of Class A common stock(4,202)(12,879)(1,976)
Principal payments on finance leases(552)00
Net change in overdraft in cash pooling entities(223)5000
Other financing activities, net1515(13)
Net cash used in financing activities(7,299)(15,572)(5,235)
 
Effect of exchange rate changes on cash, cash equivalents, and restricted cash4(179)232
Net increase (decrease) in cash, cash equivalents, and restricted cash9,1551,920(905)
 
Cash, cash equivalents, and restricted cash at beginning of the period10,1248,204
Cash, cash equivalents, and restricted cash at end of the period19,27910,1248,204
 
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents19,07910,0198,079
Total cash, cash equivalents, and restricted cash19,27910,1248,204
Supplemental cash flow data
Cash paid for income taxes, net5,1823,7622,117
Non-cash investing activities:
Net change in prepaids and liabilities related to property and equipment(153)918495
Property and equipment in accounts payable and accrued liabilities1,8871,955882
Balance Sheet Location
Prepaid Expenses and Other Current Assets
Restricted cash81018
Other Assets
Restricted cash19295107
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2019

CONSOLIDATED BALANCE SHEETS

Period Ending Dec 31, 2019 10-K (Filed: Jan 30, 2020)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2019Dec 31, 2018
Assets
Current assets:
Cash and cash equivalents
$
19,079
10,019
Marketable securities35,77631,095
Accounts receivable, net of allowances of $206 and $229 as of December 31, 2019 and December 31, 2018, respectively9,5187,587
Prepaid expenses and other current assets1,8521,779
Total current assets66,22550,480
 
Property and equipment, net35,323
Property and equipment, net24,683
Operating lease right-of-use assets, net9,460
Intangible assets, net8941,294
Goodwill18,71518,301
Other assets2,7592,576
Total assets133,37697,334
 
Liabilities and stockholders' equity
Current liabilities:
Accounts payable1,363820
Partners payable886541
Operating lease liabilities, current800
Accrued expenses and other current liabilities11,7355,509
Deferred revenue and deposits269147
Total current liabilities15,0537,017
 
Operating lease liabilities, non-current9,5240
Other liabilities7,7456,190
Total liabilities32,32213,207
 
Commitments and contingencies  
Stockholders' equity:
Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,407 million and 2,385 million shares issued and outstanding, as of December 31, 2019 and December 31, 2018, respectively; 4,141 million Class B shares authorized, 445 million and 469 million shares issued and outstanding, as of December 31, 2019 and December 31, 2018, respectively.00
Additional paid-in capital45,85142,906
Accumulated other comprehensive loss(489)(760)
Retained earnings55,69241,981
Total stockholders' equity101,05484,127
 
Total liabilities and stockholders' equity133,37697,334
 
External Links 
META PLATFORMS, INC. (META) Fiscal Year 2019
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