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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
2012 2013 2014 2015 2016 2017 2018
2019 2020 2021 2022
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2020

CONSOLIDATED STATEMENTS OF INCOME

Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2020Dec 31, 2019Dec 31, 2018
Revenue
$
85,965
70,69755,838
Costs and expenses:
Cost of revenue16,69212,7709,355
Research and development18,44713,60010,273
Marketing and sales11,5919,8767,846
General and administrative6,56410,4653,451
Total costs and expenses53,29446,71130,925
 
Income from operations32,67123,98624,913
 
Interest and other income, net509826448
Income before provision for income taxes33,18024,81225,361
 
Provision for income taxes4,0346,3273,249
Net income29,14618,48522,112
 
Less: Net income attributable to participating securities00(1)
Net income attributable to Class A and Class B common stockholders29,14618,48522,111
 
Earnings per share attributable to Class A and Class B common stockholders:
Basic (in dollars per share)10.226.487.65
Diluted (in dollars per share)10.096.437.57
Weighted-average shares used to compute earnings per share attributable to Class A and Class B common stockholders:
Basic (in shares)2,8512,8542,890
Diluted (in shares)2,8882,8762,921
Share-based compensation expense included in costs and expenses:
Share-based Payment Arrangement, Expense6,5364,8364,152
Income Statement Location
Cost of revenue
Share-based Payment Arrangement, Expense447377284
Research and development
Share-based Payment Arrangement, Expense4,9183,4883,022
Marketing and sales
Share-based Payment Arrangement, Expense691569511
General and administrative
Share-based Payment Arrangement, Expense480402335
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2020

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2020Dec 31, 2019Dec 31, 2018
Net income
$
29,146
18,48522,112
Other comprehensive income (loss):
Change in foreign currency translation adjustment, net of tax1,056(151)(450)
Change in unrealized gain (loss) on available-for-sale investments and other, net of tax360422(52)
Comprehensive income30,56218,75621,610
 
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2020

CONSOLIDATED STATEMENTS OF CASH FLOWS

Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2020Dec 31, 2019Dec 31, 2018
Cash flows from operating activities
Net income
$
29,146
18,48522,112
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization6,8625,7414,315
Share-based compensation6,5364,8364,152
Deferred income taxes(1,192)(37)286
Other11839(64)
Changes in assets and liabilities:
Accounts receivable(1,512)(1,961)(1,892)
Prepaid expenses and other current assets13547(690)
Other assets(34)41(159)
Accounts payable(17)113221
Partners payable178348157
Accrued expenses and other current liabilities(1,054)7,3001,417
Deferred revenue and deposits10812353
Other liabilities(527)1,239(634)
Net cash provided by operating activities38,74736,31429,274
 
Cash flows from investing activities
Purchases of property and equipment(15,115)(15,102)(13,915)
Purchases of marketable securities(33,930)(23,910)(14,656)
Sales of marketable securities11,7879,56512,358
Maturities of marketable securities13,98410,1524,772
Purchases of equity investments(6,361)(61)(25)
Acquisitions of businesses, net of cash acquired, and purchases of intangible assets(388)(508)(137)
Other investing activities(36)00
Net cash used in investing activities(30,059)(19,864)(11,603)
 
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards(3,564)(2,337)(3,208)
Repurchases of Class A common stock(6,272)(4,202)(12,879)
Principal payments on finance leases(604)(552)0
Net change in overdraft in cash pooling entities24(223)500
Other financing activities1241515
Net cash used in financing activities(10,292)(7,299)(15,572)
 
Effect of exchange rate changes on cash, cash equivalents, and restricted cash2794(179)
Net increase (decrease) in cash, cash equivalents, and restricted cash(1,325)9,1551,920
 
Cash, cash equivalents, and restricted cash at beginning of the period19,27910,124
Cash, cash equivalents, and restricted cash at end of the period17,95419,27910,124
 
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents17,57619,07910,019
Total cash, cash equivalents, and restricted cash17,95419,27910,124
Supplemental cash flow data
Cash paid for income taxes4,2295,1823,762
Non-cash investing activities:
Acquisition of businesses in accrued expenses and other current liabilities and other liabilities11800
Property and equipment in accounts payable and accrued expenses and other current liabilities2,2011,8871,955
Balance Sheet Location
Prepaid Expenses and Other Current Assets
Restricted cash241810
Other Assets
Restricted cash13719295
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2020

CONSOLIDATED BALANCE SHEETS

Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021)

(In Millions)
 As ofAs of
 Dec 31, 2020Dec 31, 2019
Assets
Current assets:
Cash and cash equivalents
$
17,576
19,079
Marketable securities44,37835,776
Accounts receivable, net of allowances of $114 million and $92 million as of December 31, 2020 and 2019, respectively11,3359,518
Prepaid expenses and other current assets2,3811,852
Total current assets75,67066,225
 
Equity investments6,23486
Property and equipment, net45,63335,323
Operating lease right-of-use assets, net9,3489,460
Intangible assets, net623894
Goodwill19,05018,715
Other assets2,7582,673
Total assets159,316133,376
 
Liabilities and stockholders' equity
Current liabilities:
Accounts payable1,3311,363
Partners payable1,093886
Operating lease liabilities, current1,023800
Accrued expenses and other current liabilities11,15211,735
Deferred revenue and deposits382269
Total current liabilities14,98115,053
 
Operating lease liabilities, non-current9,6319,524
Other liabilities6,4147,745
Total liabilities31,02632,322
 
Commitments and contingencies  
Stockholders' equity:
Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,406 million and 2,407 million shares issued and outstanding, as of December 31, 2020 and 2019, respectively; 4,141 million Class B shares authorized, 443 million and 445 million shares issued and outstanding, as of December 31, 2020 and 2019, respectively00
Additional paid-in capital50,01845,851
Accumulated other comprehensive income (loss)927(489)
Retained earnings77,34555,692
Total stockholders' equity128,290101,054
 
Total liabilities and stockholders' equity159,316133,376
 
External Links 
META PLATFORMS, INC. (META) Fiscal Year 2020
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