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: 2013 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2013 10-K (Filed: Jan 31, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities | |||
| Net income | $ 1,500 | 53 | 1,000 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,011 | 649 | 323 |
| Lease abandonment expense | 117 | 8 | 0 |
| Loss on disposal or write-off of equipment | 56 | 15 | 4 |
| Share-based compensation | 906 | 1,572 | 217 |
| Deferred income taxes | (37) | (186) | (30) |
| Tax benefit from share-based award activity | 602 | 1,033 | 433 |
| Excess tax benefit from share-based award activity | (609) | (1,033) | (433) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (378) | (170) | (174) |
| Income tax refundable | 400 | (451) | 0 |
| Prepaid expenses and other current assets | (45) | (14) | (24) |
| Other assets | (142) | 2 | (5) |
| Accounts payable | 26 | 1 | 6 |
| Developer partners payable | 12 | (2) | 96 |
| Accrued expenses and other current liabilities | (38) | 152 | 37 |
| Deferred revenue and deposits | 8 | (60) | 49 |
| Other liabilities | 833 | 43 | 50 |
| Net cash provided by operating activities | 4,222 | 1,612 | 1,549 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (1,362) | (1,235) | (606) |
| Purchases of marketable securities | (7,433) | (10,307) | (3,025) |
| Sales of marketable securities | 2,988 | 2,100 | 113 |
| Maturities of marketable securities | 3,563 | 3,333 | 516 |
| Investments in non-marketable equity securities | (1) | (2) | (3) |
| Acquisitions of businesses, net of cash acquired, and purchases of intangible assets | (368) | (911) | (24) |
| Change in restricted cash and deposits | (11) | (2) | 6 |
| Net cash used in investing activities | (2,624) | (7,024) | (3,023) |
| Cash flows from financing activities | |||
| Net proceeds from issuance of common stock | 1,478 | 6,760 | 998 |
| Taxes paid related to net share settlement of equity awards | (889) | (2,862) | 0 |
| Proceeds from exercise of stock options | 26 | 17 | 28 |
| Proceeds from long-term debt, net of issuance cost | 0 | 1,496 | 0 |
| Repayment of long-term debt | (1,500) | 0 | (250) |
| Proceeds from sale and lease-back transactions | 0 | 205 | 170 |
| Principal payments on capital lease obligations | (391) | (366) | (181) |
| Excess tax benefit from share-based award activity | 609 | 1,033 | 433 |
| Net cash (used in) provided by financing activities | (667) | 6,283 | 1,198 |
| Effect of exchange rate changes on cash and cash equivalents | 8 | 1 | 3 |
| Net increase (decrease) in cash and cash equivalents | 939 | 872 | (273) |
| Cash and cash equivalents at beginning of period | 2,384 | 1,512 | |
| Cash and cash equivalents at end of period | 3,323 | 2,384 | 1,512 |
| Supplemental cash flow data | |||
| Cash paid during the period for: | |||
| Interest | 38 | 38 | 28 |
| Income taxes | 82 | 184 | 197 |
| Cash received during the period for: | |||
| Refund of income taxes | 421 | 131 | 0 |
| Non-cash investing and financing activities: | |||
| Fair value of shares issued related to acquisitions of businesses and other assets | 77 | 274 | 58 |
| Balance Sheet Location | |||
| Net change in accounts payable and accrued expenses and other current liabilities | |||
| Property and equipment incurred but not yet paid | 53 | (40) | 135 |
| Capital lease obligations | |||
| Property and equipment incurred but not yet paid | 11 | 340 | 473 |
| External Links | |
| META PLATFORMS, INC. (META) Fiscal Year 2013 | |
| 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 |