Meta Platforms, Inc.

NasdaqGS-META

Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	58,528	62,360	39,098	23,200	39,370	29,146	18,485	22,112	15,934	10,217	3,688
Net Income
Depreciation & Amortization	17,665	15,498	11,178	8,686	7,967	6,862	5,741	4,315	3,025	2,342	1,945
Depreciation and Amortization
Stock Based Compensation	18,799	16,690	14,027	11,992	9,164	6,536	4,836	4,152	3,723	3,218	2,960
Share-Based Compensation
Other Adjustments	16,372	-4,268	2,974	914	482	-1,074	2	222	-353	-427	943
Deferred Income Taxes
Tax Benefit from Share-Based Award Activity
Excess Tax Benefit from Share-Based Award Activity
Impairment Charges for Facilities Consolidation, Net
Loss on Disposal or Write-Off of Equipment
Data Center Assets Abandonment
Other
Fair Value Adjustments for Non-Marketable Securities
Changes in Trade Receivables	-2,318	-1,485	-2,399	231	-3,110	-1,512	-1,961	-1,892	-1,609	-1,489	-973
Accounts Receivable
Changes in Accounts Payable	-69	373	51	210	1,424	161	461	378	138	81	35
Accounts Payable
Partners Payable
Changes in Accrued Expenses	-1,361	323	5,081	4,300	3,544	-946	7,300	1,417	309	1,014	513
Accrued Expenses and Other Current Liabilities
Changes in Unearned Revenue	—	—	—	—	—	—	123	53	4	35	-9
Deferred Revenue and Deposits
Changes in Other Operating Activities	695	1,837	1,103	942	-1,158	-426	1,327	-1,483	3,045	1,117	1,218
Prepaid Expenses and Other Current Assets
Other Assets
Other Liabilities
Cash from Operating Activities	107,574	91,328	71,113	50,475	57,683	38,747	36,314	29,274	24,216	16,108	10,320
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-62,733	-37,256	-27,045	-31,186	-18,690	-15,163	-15,102	-13,915	-6,733	-4,491	-2,523
Purchases of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	123	48	—	—	—	—	—
Proceeds Relating to Property and Equipment
Purchases of Investments	-33,247	-25,542	-2,982	-9,626	-30,407	-40,291	-23,971	-14,681	-25,682	-22,341	-15,938
Purchases of Marketable Debt Securities
Purchases of Marketable Securities
Purchases of Non-Marketable Equity Investments
Proceeds from Sale of Investments	27,578	15,789	6,184	13,158	42,586	25,771	19,717	17,130	12,432	15,155	9,238
Sales of Marketable Debt Securities
Maturities of Marketable Debt Securities
Sales and Maturities of Marketable Securities
Maturities of Marketable Securities
Payments for Business Acquisitions	—	-270	-629	-1,312	-851	-388	-508	-137	-122	-123	-313
Acquisitions of Businesses and Intangible Assets
Other Investing Activities	-41	129	-23	-4	-331	-36	—	—	-13	8	102
Change in Restricted Cash and Deposits
Other Investing Activities
Cash from Investing Activities	-89,314	-47,150	-24,495	-28,970	-7,570	-30,059	-19,864	-11,603	-20,118	-11,792	-9,434
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Long-Term Debt	—	10,432	8,455	9,921	1	—	—	—	—	—	—
Proceeds from Issuance of Long-Term Debt, Net
Repayments of Long-Term Debt	-2,181	-1,969	-1,058	-850	-677	-604	-552	—	—	-312	-119
Repayment of Long-Term Debt
Principal Payments on Finance Leases
Net Issuance / (Repayments) of Long-Term Debt	-2,181	8,463	7,397	9,071	-676	-604	-552	—	—	-312	-119
Issuance of Common Shares	—	—	—	—	—	—	—	—	—	—	—
Net Proceeds from Issuance of Common Stock
Proceeds from Exercise of Stock Options
Excess Tax Benefit from Share-Based Award Activity
Repurchases of Common Shares	-44,233	-43,895	-26,786	-31,551	-50,052	-9,836	-6,539	-16,087	-5,222	-6	-20
Taxes Paid Related to Net Share Settlement of Equity Awards
Repurchases of Class a Common Stock
Net Issuance / (Repurchases) of Common Shares	-44,233	-43,895	-26,786	-31,551	-50,052	-9,836	-6,539	-16,087	-5,222	-6	-20
Common Share Dividends Paid	-5,256	-5,072	—	—	—	—	—	—	—	—	—
Payments for Dividends and Dividend Equivalents
Other Financing Activities	686	-277	-111	344	1	148	-208	515	-13	8	—
Proceeds from Sale and Lease-Back Transactions
Net Change in Overdraft in Cash Pooling Entities
Other Financing Activities
Cash from Financing Activities	-50,984	-40,781	-19,500	-22,136	-50,728	-10,292	-7,299	-15,572	-5,235	-310	-139
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	44,841	54,072	44,068	19,289	38,993	23,584	21,212	15,359	17,483	11,617	7,797
NOPAT	56,972.5	61,227.8	38,539.9	23,300.6	38,927.9	28,698.9	17,869.6	21,721.4	15,631.5	10,142.7	3,706.5
Levered Free Cash Flow	10,544	51,598	36,863	15,223	31,781	19,030	17,783	12,876	15,708	9,974	4,729
Unlevered Free Cash Flow	11,169.5	42,002.8	28,907.9	6,252.6	32,014.9	19,186.9	17,719.6	12,486.4	15,419.5	10,240.7	4,885.5
Net Change in Cash	-32,724	3,397	27,118	-631	-615	-1,604	9,151	2,099	-1,137	4,006	747