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: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 2, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities | |||
| Net income | $ 23,200 | 39,370 | 29,146 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 8,686 | 7,967 | 6,862 |
| Share-based compensation | 11,992 | 9,164 | 6,536 |
| Deferred income taxes | (3,286) | 609 | (1,192) |
| Fair value adjustments for non-marketable securities | 463 | (232) | 33 |
| Other | 178 | 105 | 85 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 231 | (3,110) | (1,512) |
| Prepaid expenses and other current assets | 162 | (1,750) | 135 |
| Other assets | (106) | (349) | (34) |
| Accounts payable | 210 | 1,436 | (17) |
| Partners payable | 90 | (12) | 178 |
| Accrued expenses and other current liabilities | 4,210 | 3,544 | (946) |
| Other liabilities | 886 | 941 | (527) |
| Net cash provided by operating activities | 50,475 | 57,683 | 38,747 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (31,431) | (18,690) | (15,163) |
| Proceeds relating to property and equipment | 245 | 123 | 48 |
| Purchases of marketable debt securities | (9,626) | (30,407) | (33,930) |
| Sales of marketable debt securities | 11,083 | 31,671 | 11,787 |
| Maturities of marketable debt securities | 2,075 | 10,915 | 13,984 |
| Purchases of non-marketable equity securities | (5) | (47) | (6,361) |
| Acquisitions of businesses and intangible assets | (1,312) | (851) | (388) |
| Other investing activities | 1 | (284) | (36) |
| Net cash used in investing activities | (28,970) | (7,570) | (30,059) |
| Cash flows from financing activities | |||
| Taxes paid related to net share settlement of equity awards | (3,595) | (5,515) | (3,564) |
| Repurchases of Class A common stock | (27,956) | (44,537) | (6,272) |
| Proceeds from issuance of long-term debt, net | 9,921 | 0 | 0 |
| Principal payments on finance leases | (850) | (677) | (604) |
| Other financing activities | 344 | 1 | 148 |
| Net cash used in financing activities | (22,136) | (50,728) | (10,292) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (638) | (474) | 279 |
| Net decrease in cash, cash equivalents, and restricted cash | (1,269) | (1,089) | (1,325) |
| Cash, cash equivalents, and restricted cash at beginning of the period | 16,865 | 17,954 | |
| Cash, cash equivalents, and restricted cash at end of the period | 15,596 | 16,865 | 17,954 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | |||
| Cash and cash equivalents | 14,681 | 16,601 | 17,576 |
| Restricted cash: | 915 | 264 | 378 |
| Total cash, cash equivalents, and restricted cash | 15,596 | 16,865 | 17,954 |
| Supplemental cash flow data | |||
| Cash paid for income taxes, net | 6,407 | 8,525 | 4,229 |
| Non-cash investing and financing activities: | |||
| Property and equipment in accounts payable and accrued expenses and other current liabilities | 3,319 | 3,404 | 2,201 |
| Acquisition of businesses in accrued expenses and other current liabilities and other liabilities | 291 | 73 | 118 |
| Other current assets through financing arrangement in accrued expenses and other current liabilities | 16 | 508 | 0 |
| Repurchases of Class A common stock in accrued expenses and other current liabilities | 310 | 340 | 68 |
| Balance Sheet Location | |||
| Prepaid Expenses and Other Current Assets | |||
| Restricted cash: | 294 | 149 | 241 |
| Other Assets | |||
| Restricted cash: | 621 | 115 | 137 |
| Restructuring Type | |||
| Impairment charges for leases and leasehold improvements | |||
| Restructuring charges | 2,218 | 0 | 0 |
| Data Center Assets | |||
| Restructuring charges | 1,341 | 0 | 0 |
| External Links | |
| META PLATFORMS, INC. (META) Fiscal Year 2022 | |
| 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 |