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: 2020 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenue | $ 85,965 | 70,697 | 55,838 |
| Costs and expenses: | |||
| Cost of revenue | 16,692 | 12,770 | 9,355 |
| Research and development | 18,447 | 13,600 | 10,273 |
| Marketing and sales | 11,591 | 9,876 | 7,846 |
| General and administrative | 6,564 | 10,465 | 3,451 |
| Total costs and expenses | 53,294 | 46,711 | 30,925 |
| Income from operations | 32,671 | 23,986 | 24,913 |
| Interest and other income, net | 509 | 826 | 448 |
| Income before provision for income taxes | 33,180 | 24,812 | 25,361 |
| Provision for income taxes | 4,034 | 6,327 | 3,249 |
| Net income | 29,146 | 18,485 | 22,112 |
| Less: Net income attributable to participating securities | 0 | 0 | (1) |
| Net income attributable to Class A and Class B common stockholders | 29,146 | 18,485 | 22,111 |
| Earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic (in dollars per share) | 10.22 | 6.48 | 7.65 |
| Diluted (in dollars per share) | 10.09 | 6.43 | 7.57 |
| Weighted-average shares used to compute earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic (in shares) | 2,851 | 2,854 | 2,890 |
| Diluted (in shares) | 2,888 | 2,876 | 2,921 |
| Share-based compensation expense included in costs and expenses: | |||
| Share-based Payment Arrangement, Expense | 6,536 | 4,836 | 4,152 |
| Income Statement Location | |||
| Cost of revenue | |||
| Share-based Payment Arrangement, Expense | 447 | 377 | 284 |
| Research and development | |||
| Share-based Payment Arrangement, Expense | 4,918 | 3,488 | 3,022 |
| Marketing and sales | |||
| Share-based Payment Arrangement, Expense | 691 | 569 | 511 |
| General and administrative | |||
| Share-based Payment Arrangement, Expense | 480 | 402 | 335 |
| 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 |