Meta Platforms, Inc.

NasdaqGS-META

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	34,981	36,526	25,834	25,600	13,498	9,048
Net Income
Depreciation & Amortization	8,242	8,487	7,011	6,031	5,147	4,551
Depreciation and Amortization
Stock Based Compensation	8,981	8,512	8,178	6,916	7,111	6,142
Share-Based Compensation
Other Adjustments	-2,219	-2,173	-1,889	3,525	-551	1,963
Deferred Income Taxes
Tax Benefit from Share-Based Award Activity
Excess Tax Benefit from Share-Based Award Activity
Impairment Charges for Facilities Consolidation, Net
Data Center Assets Abandonment
Unrealized Gain on Marketable Equity Securities
Other
Fair Value Adjustments for Non-Marketable Securities
Other
Changes in Trade Receivables	1,466	-2,835	1,350	-3,521	1,122	-1,804
Accounts Receivable
Changes in Accounts Payable	-574	1,235	-862	1,206	-1,155	888
Accounts Payable
Partners Payable
Changes in Accrued Expenses	-3,338	2,094	-1,771	-187	5,268	2,357
Accrued Expenses and Other Current Liabilities
Changes in Unearned Revenue	—	—	—	—	—	—
Deferred Revenue and Deposits
Changes in Other Operating Activities	2,048	1,072	765	236	867	1,058
Prepaid Expenses and Other Current Assets
Other Assets
Other Liabilities
Cash from Operating Activities	49,587	52,712	38,616	39,806	31,307	24,203
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-29,479	-22,683	-14,573	-14,088	-12,957	-18,173
Purchases of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	-170
Proceeds Relating to Property and Equipment
Purchases of Investments	-34,723	-15,359	-10,183	-2,179	-803	-3,338
Purchases of Marketable Debt Securities
Purchases of Marketable Securities
Purchases of Non-Marketable Equity Investments
Proceeds from Sale of Investments	19,057	7,931	7,858	3,833	2,351	4,532
Sales of Marketable Debt Securities
Maturities of Marketable Debt Securities
Sales and Maturities of Marketable Securities
Maturities of Marketable Securities
Payments for Business Acquisitions	-62	-141	-129	-102	-527	-96
Acquisitions of Businesses and Intangible Assets
Other Investing Activities	-761	134	-5	-13	-10	13
Payments for Held-for-Sale Assets
Change in Restricted Cash and Deposits
Other Investing Activities
Cash from Investing Activities	-45,968	-30,118	-17,032	-12,549	-11,946	-17,232
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Long-Term Debt	—	10,432	—	—	8,455	9,921
Proceeds from Issuance of Long-Term Debt, Net
Repayments of Long-Term Debt	-1,225	-1,355	-614	-574	-484	-398
Principal Payments on Finance Leases
Net Issuance / (Repayments) of Long-Term Debt	-1,225	9,077	-614	-574	7,971	9,523
Issuance of Common Shares	—	—	—	—	—	—
Excess Tax Benefit from Share-Based Award Activity
Repurchases of Common Shares	-31,914	-16,218	-27,677	-13,822	-12,964	-14,885
Taxes Paid Related to Net Share Settlement of Equity Awards
Repurchases of Class a Common Stock
Net Issuance / (Repurchases) of Common Shares	-31,914	-16,218	-27,677	-13,822	-12,964	-14,885
Common Share Dividends Paid	-2,656	-2,533	-2,539	—	—	—
Payments for Dividends and Dividend Equivalents
Other Financing Activities	323	-162	-115	120	-231	449
Net Change in Overdraft in Cash Pooling Entities
Other Financing Activities
Cash from Financing Activities	-35,472	-9,836	-30,945	-14,276	-5,224	-4,913
Net Cash Provided by Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Free Cash Flow	20,108	30,029	24,043	25,718	18,350	6,030
NOPAT	34,154.9	35,944.2	25,283.6	25,022	13,513.4	9,308.8
Levered Free Cash Flow	10,655	35,808	15,790	18,224	18,639	9,252
Unlevered Free Cash Flow	11,053.9	26,149.2	15,853.6	18,220	10,683.4	-10.2
Net Change in Cash	-31,853	12,758	-9,361	12,981	14,137	2,058