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: 2012 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 1, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities | |||
| Net income | $ 53 | 1,000 | 606 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 649 | 323 | 139 |
| Loss on write-off of equipment | 15 | 4 | 3 |
| Share-based compensation | 1,572 | 217 | 20 |
| Deferred income taxes | (186) | (30) | 23 |
| Tax benefit from share-based award activity | 1,033 | 433 | 115 |
| Excess tax benefit from share-based award activity | (1,033) | (433) | (115) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (170) | (174) | (209) |
| Income tax refundable | (451) | 0 | 0 |
| Prepaid expenses and other current assets | (14) | (24) | (38) |
| Other assets | 2 | (5) | (6) |
| Accounts payable | 1 | 6 | 12 |
| Platform partners payable | (2) | 96 | 75 |
| Accrued expenses and other current liabilities | 160 | 37 | 20 |
| Deferred revenue and deposits | (60) | 49 | 37 |
| Other liabilities | 43 | 50 | 16 |
| Net cash provided by operating activities | 1,612 | 1,549 | 698 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (1,235) | (606) | (293) |
| Purchases of marketable securities | (10,307) | (3,025) | 0 |
| Sales of marketable securities | 2,100 | 113 | 0 |
| Maturities of marketable securities | 3,333 | 516 | 0 |
| Investments in non-marketable equity securities | (2) | (3) | 0 |
| Acquisitions of businesses, net of cash acquired, and purchases of intangible and other assets | (911) | (24) | (22) |
| Change in restricted cash and deposits | (2) | 6 | (9) |
| Net cash used in investing activities | (7,024) | (3,023) | (324) |
| Cash flows from financing activities | |||
| Net proceeds from issuance of common stock | 6,760 | 998 | 500 |
| Taxes paid related to net share settlement of equity awards | (2,862) | 0 | 0 |
| Proceeds from exercise of stock options | 17 | 28 | 6 |
| Proceeds from long-term debt, net of issuance cost | 1,496 | 0 | 250 |
| Repayments of long-term debt | 0 | (250) | 0 |
| Proceeds from sale and lease-back transactions | 205 | 170 | 0 |
| Principal payments on capital lease obligations | (366) | (181) | (90) |
| Excess tax benefit from share-based award activity | 1,033 | 433 | 115 |
| Net cash provided by financing activities | 6,283 | 1,198 | 781 |
| Effect of exchange rate changes on cash and cash equivalents | 1 | 3 | (3) |
| Net increase (decrease) in cash and cash equivalents | 872 | (273) | 1,152 |
| Cash and cash equivalents at beginning of period | 1,512 | 1,785 | |
| Cash and cash equivalents at end of period | 2,384 | 1,512 | 1,785 |
| Supplemental cash flow data | |||
| Cash paid during the period for: | |||
| Interest | 38 | 28 | 23 |
| Income taxes, net | 53 | 197 | 261 |
| Non-cash investing and financing activities: | |||
| Fair value of shares issued related to acquisitions of businesses and other assets | 274 | 58 | 60 |
| Balance Sheet Location | |||
| Net change in accounts payable and accrued expenses and other liabilities | |||
| Capital expenditures incurred but not yet paid | (40) | 135 | 47 |
| Capital Lease Obligations | |||
| Capital expenditures incurred but not yet paid | 340 | 473 | 217 |
| External Links | |
| META PLATFORMS, INC. (META) Fiscal Year 2012 | |
| 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 |