Meta Platforms, Inc. (FB) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 META WAY
MENLO PARK, CA 94025
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,73847,99861,95454,85541,11441,711
Cash and cash equivalents14,68116,60117,57619,07910,0198,079
Short-term investments26,05731,39744,37835,77631,09533,632
Receivables13,46614,03911,3359,5187,5875,832
Other undisclosed current assets5,3454,6292,3811,8521,7791,020
Total current assets:59,54966,66675,67066,22550,48048,563
Noncurrent Assets
Operating lease, right-of-use asset12,67312,1559,3489,460✕✕
Property, plant and equipment     24,68313,721
Long-term investments and receivables1734    
Long-term investments1734    
Intangible assets, net (including goodwill)21,20319,83119,67319,60919,59520,105
Goodwill20,30619,19719,05018,71518,30118,221
Intangible assets, net (excluding goodwill)8976346238941,2941,884
Other noncurrent assets6,5832,7512,7582,7592,5762,135
Other undisclosed noncurrent assets85,70264,55051,86735,323  
Total noncurrent assets:126,17899,32183,64667,15146,85435,961
TOTAL ASSETS:185,727165,987159,316133,37697,33484,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25,65919,44712,48313,0986,3293,272
Accounts payable6,1075,1351,3311,363820380
Accrued liabilities19,55214,31211,15211,7355,5092,892
Deferred revenue482517382269✕✕
Debt1297554855  
Deferred revenue and credits✕✕✕✕✕✕98
Contract with customer, liability✕✕✕✕✕147✕
Other undisclosed current liabilities7561,0962,062831541390
Total current liabilities:27,02621,13514,98115,0537,0173,760
Noncurrent Liabilities
Long-term debt and lease obligation9,92312,7469,6319,524  
Long-term debt, excluding current maturities9,923     
Liabilities, other than long-term debt23,0657,2276,4147,7456,1906,417
Other liabilities7,7647,2276,4147,7456,1906,417
Operating lease, liability15,30112,7469,6319,524✕✕
Total noncurrent liabilities:32,98819,97316,04517,2696,1906,417
Total liabilities:60,01441,10831,02632,32213,20710,177
Equity
Equity, attributable to parent125,713124,879128,290101,05484,12774,347
Additional paid in capital64,44455,81150,01845,85142,90640,584
Accumulated other comprehensive income (loss)(3,530)(693)927(489)(760)(227)
Retained earnings64,79969,76177,34555,69241,98133,990
Total equity:125,713124,879128,290101,05484,12774,347
TOTAL LIABILITIES AND EQUITY:185,727165,987159,316133,37697,33484,524

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues116,609117,92985,96570,69755,83840,653
Revenue, net✕✕✕✕✕✕40,653
Cost of revenue(25,249)(22,649)(16,692)(12,770)(9,355)(5,454)
Gross profit:91,36095,28069,27357,92746,48335,199
Operating expenses(62,416)(48,527)(36,602)(33,941)(21,570)(14,996)
Operating income:28,94446,75332,67123,98624,91320,203
Nonoperating income (expense)(125)531509826448391
Investment income, nonoperating   924661398
Loss, foreign currency transaction, before tax(81)(140)(129)(105)(213)(6)
Other nonoperating income (expense)(320)210(34)2795
Interest and debt expense(160)(15)(14)(20)(9)(6)
Income from continuing operations before equity method investments, income taxes:28,65947,26933,16624,79225,35220,588
Other undisclosed income from continuing operations before income taxes16015142096
Income from continuing operations before income taxes:28,81947,28433,18024,81225,36120,594
Income tax expense(5,619)(7,914)(4,034)(6,327)(3,249)(4,660)
Income from continuing operations:23,20039,37029,14618,48522,11215,934
Income before gain (loss) on sale of properties:✕✕39,37029,14618,48522,11215,934
Net income attributable to parent:23,20039,37029,14618,48522,11215,934
Undistributed earnings (loss) allocated to participating securities, basic     (1)(14)
Net income available to common stockholders, diluted:23,20039,37029,14618,48522,11115,920

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:23,20039,37029,14618,48522,11215,934
Comprehensive income:23,20039,37029,14618,48522,11215,934
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,837)(1,620)1,416271(502)476
Comprehensive income, net of tax, attributable to parent:20,36337,75030,56218,75621,61016,410

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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