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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
10-K.Info (Beta Test)
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2021

CONSOLIDATED STATEMENTS OF INCOME

Period Ending Dec 31, 2021 10-K (Filed: Feb 3, 2022)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2021Dec 31, 2020Dec 31, 2019
Revenue
$
117,929
85,96570,697
Costs and expenses:
Cost of revenue22,64916,69212,770
Research and development24,65518,44713,600
Marketing and sales14,04311,5919,876
General and administrative9,8296,56410,465
Total costs and expenses71,17653,29446,711
 
Income from operations46,75332,67123,986
 
Interest and other income, net531509826
Income before provision for income taxes47,28433,18024,812
 
Provision for income taxes7,9144,0346,327
Net income39,37029,14618,485
 
Earnings per share attributable to Class A and Class B common stockholders:
Basic (in dollars per share)13.9910.226.48
Diluted (in dollars per share)13.7710.096.43
Weighted-average shares used to compute earnings per share attributable to Class A and Class B common stockholders:
Basic (in shares)2,8152,8512,854
Diluted (in shares)2,8592,8882,876
Share-based compensation expense included in costs and expenses:
Share-based compensation expense included in costs and expenses9,1646,5364,836
Income Statement Location
Cost of revenue
Share-based compensation expense included in costs and expenses577447377
Research and development
Share-based compensation expense included in costs and expenses7,1064,9183,488
Marketing and sales
Share-based compensation expense included in costs and expenses837691569
General and administrative
Share-based compensation expense included in costs and expenses644480402
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2021

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Period Ending Dec 31, 2021 10-K (Filed: Feb 3, 2022)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2021Dec 31, 2020Dec 31, 2019
Net income
$
39,370
29,14618,485
Other comprehensive income (loss):
Change in foreign currency translation adjustment, net of tax(1,116)1,056(151)
Change in unrealized gain (loss) on available-for-sale investments and other, net of tax(504)360422
Comprehensive income37,75030,56218,756
 
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2021

CONSOLIDATED STATEMENTS OF CASH FLOWS

Period Ending Dec 31, 2021 10-K (Filed: Feb 3, 2022)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2021Dec 31, 2020Dec 31, 2019
Cash flows from operating activities
Net income
$
39,370
29,14618,485
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization7,9676,8625,741
Share-based compensation9,1646,5364,836
Deferred income taxes609(1,192)(37)
Other(127)11839
Changes in assets and liabilities:
Accounts receivable(3,110)(1,512)(1,961)
Prepaid expenses and other current assets(1,750)13547
Other assets(349)(34)41
Accounts payable1,436(17)113
Partners payable(12)178348
Accrued expenses and other current liabilities3,357(1,054)7,300
Deferred revenue and deposits187108123
Other liabilities941(527)1,239
Net cash provided by operating activities57,68338,74736,314
 
Cash flows from investing activities
Purchases of property and equipment(18,567)(15,115)(15,102)
Purchases of marketable securities(30,407)(33,930)(23,910)
Sales of marketable securities31,67111,7879,565
Maturities of marketable securities10,91513,98410,152
Purchases of equity investments(47)(6,361)(61)
Acquisitions of businesses, net of cash acquired, and purchases of intangible assets(851)(388)(508)
Other investing activities(284)(36)0
Net cash used in investing activities(7,570)(30,059)(19,864)
 
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards(5,515)(3,564)(2,337)
Repurchases of Class A common stock(44,537)(6,272)(4,202)
Principal payments on finance leases(677)(604)(552)
Net change in overdraft in cash pooling entities1424(223)
Other financing activities(13)12415
Net cash used in financing activities(50,728)(10,292)(7,299)
 
Effect of exchange rate changes on cash, cash equivalents, and restricted cash(474)2794
Net increase (decrease) in cash, cash equivalents, and restricted cash(1,089)(1,325)9,155
 
Cash, cash equivalents, and restricted cash at beginning of the period17,95419,279
Cash, cash equivalents, and restricted cash at end of the period16,86517,95419,279
 
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents16,60117,57619,079
Total cash, cash equivalents, and restricted cash16,86517,95419,279
Supplemental cash flow data
Cash paid for income taxes, net8,5254,2295,182
Non-cash investing and financing activities:
Property and equipment in accounts payable and accrued expenses and other current liabilities3,4042,2011,887
Acquisition of businesses in accrued expenses and other current liabilities and other liabilities731180
Other current assets through financing arrangement in accrued expenses and other current liabilities50800
Repurchases of Class A common stock in accrued expenses and other current liabilities3406843
Balance Sheet Location
Prepaid Expenses and Other Current Assets
Restricted cash1492418
Other Assets
Restricted cash115137192
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META PLATFORMS, INC.

Ticker: META   Fiscal Year: 2021

CONSOLIDATED BALANCE SHEETS

Period Ending Dec 31, 2021 10-K (Filed: Feb 3, 2022)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2021Dec 31, 2020
Assets
Current assets:
Cash and cash equivalents
$
16,601
17,576
Marketable securities31,39744,378
Accounts receivable, net14,03911,335
Prepaid expenses and other current assets4,6292,381
Total current assets66,66675,670
 
Equity investments6,7756,234
Property and equipment, net57,80945,633
Operating lease right-of-use assets12,1559,348
Intangible assets, net634623
Goodwill19,19719,050
Other assets2,7512,758
Total assets165,987159,316
 
Liabilities and stockholders' equity
Current liabilities:
Accounts payable4,0831,331
Partners payable1,0521,093
Operating lease liabilities, current1,1271,023
Accrued expenses and other current liabilities14,31211,152
Deferred revenue and deposits561382
Total current liabilities21,13514,981
 
Operating lease liabilities, non-current12,7469,631
Other liabilities7,2276,414
Total liabilities41,10831,026
 
Commitments and contingencies  
Stockholders' equity:
Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,328 million and 2,406 million shares issued and outstanding, as of December 31, 2021 and 2020, respectively; 4,141 million Class B shares authorized, 413 million and 443 million shares issued and outstanding, as of December 31, 2021 and 2020, respectively00
Additional paid-in capital55,81150,018
Accumulated other comprehensive income (loss)(693)927
Retained earnings69,76177,345
Total stockholders' equity124,879128,290
 
Total liabilities and stockholders' equity165,987159,316
 
External Links 
META PLATFORMS, INC. (META) Fiscal Year 2021
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