META FY 2012 Earnings Report — Meta Platforms, Inc. Revenue & Financial Results | Market Cap Arena

Meta Platforms, Inc.META

FY 2012 Earnings

Reported February 1, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$5.1B	—	$3.7B	—	37.1%
Op. Income	$538M	—	$1.8B	—	-69.4%
Gross Margin	73.2%	—	76.8%	—	-3.6pp
Net Margin	1.0%	—	26.9%	—	-25.9pp
EPS (Diluted)	$0.02	—	$0.43	—	-96.3%
Free Cash Flow	$377M	—	$943M	—	-60.0%

Revenue Flow

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$3.7B
R&D Expenses	$1.4B
Selling & Marketing	$896M
General & Administrative	$892M
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$3.2B
Cost & Expenses	$4.6B
OPERATING INCOME	$538M
Interest Income	$14M
Interest Expense	$51M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$494M
Income Tax Expense	$441M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$649M
EBIT	$545M
EBITDA	$1.2B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$3.7B
R&D Expenses	$1.4B
Selling & Marketing	$896M
General & Administrative	$892M
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$3.2B
Cost & Expenses	$4.6B
OPERATING INCOME	$538M
Interest Income	$14M
Interest Expense	$51M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$494M
Income Tax Expense	$441M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$649M
EBIT	$545M
EBITDA	$1.2B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$649M
Stock-Based Compensation	$1.6B
Deferred Income Tax	-$186M
Other Non-Cash Items	$15M
Change in Working Capital	-$491M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$911M
Purchases of Investments	-$10.3B
Sales/Maturities of Investments	$5.4B
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$7.0B
Net Debt Issuance	$1.3B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1.8B
NET CASH FROM FINANCING	$6.3B
FREE CASH FLOW	$377M
Net Change in Cash	$872M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$7.2B
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$11.3B
PP&E (Net)	$2.4B
Goodwill	$587M
Intangible Assets	$801M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$15.1B
Account Payables	$65M
Short-Term Debt	$0
Deferred Revenue	$30M
Other Current Liabilities	$377M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$305M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.3B
Common Stock	$0
Additional Paid-In Capital	$10.1B
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.8B
Minority Interest	$0
TOTAL EQUITY	$11.8B
TOTAL LIABILITIES & EQUITY	$15.1B
Total Debt	$2.4B
Net Debt	-$28M