META FY 2015 Earnings Report — Meta Platforms, Inc. Revenue & Financial Results | Market Cap Arena

Meta Platforms, Inc.META

FY 2015 Earnings

Reported January 28, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$17.9B	—	$12.5B	—	43.8%
Op. Income	$6.2B	—	$5.0B	—	24.6%
Gross Margin	84.0%	—	82.7%	—	1.3pp
Net Margin	20.6%	—	23.6%	—	-3.0pp
EPS (Diluted)	$1.29	—	$1.10	—	17.3%
Free Cash Flow	$6.1B	—	$3.6B	—	67.6%

Revenue Flow

Item	Amount
REVENUE	$17.9B
Cost of Revenue	$2.9B
GROSS PROFIT	$15.1B
R&D Expenses	$4.8B
Selling & Marketing	$2.7B
General & Administrative	$1.3B
SG&A Expenses	$4.0B
Other Expenses	$0
Operating Expenses	$8.8B
Cost & Expenses	$11.7B
OPERATING INCOME	$6.2B
Interest Income	$52M
Interest Expense	$23M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$6.2B
Income Tax Expense	$2.5B
Net Income from Continuing Ops	$3.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.7B
Net Income Deductions	-$19M
BOTTOM LINE NET INCOME	$3.7B
D&A	$1.9B
EBIT	$6.2B
EBITDA	$8.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$17.9B
Cost of Revenue	$2.9B
GROSS PROFIT	$15.1B
R&D Expenses	$4.8B
Selling & Marketing	$2.7B
General & Administrative	$1.3B
SG&A Expenses	$4.0B
Other Expenses	$0
Operating Expenses	$8.8B
Cost & Expenses	$11.7B
OPERATING INCOME	$6.2B
Interest Income	$52M
Interest Expense	$23M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$6.2B
Income Tax Expense	$2.5B
Net Income from Continuing Ops	$3.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.7B
Net Income Deductions	-$19M
BOTTOM LINE NET INCOME	$3.7B
D&A	$1.9B
EBIT	$6.2B
EBITDA	$8.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.7B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$3.0B
Deferred Income Tax	-$795M
Other Non-Cash Items	$17M
Change in Working Capital	$784M
OPERATING CASH FLOW	$8.6B
Capital Expenditure	-$2.5B
Acquisitions (Net)	-$313M
Purchases of Investments	-$15.9B
Sales/Maturities of Investments	$9.2B
Other Investing Activities	$102M
NET CASH FROM INVESTING	-$9.4B
Net Debt Issuance	-$119M
Common Stock Repurchased	-$20M
Common Dividends Paid	$0
Other Financing Activities	$1.7B
NET CASH FROM FINANCING	$1.6B
FREE CASH FLOW	$6.1B
Net Change in Cash	$592M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.9B
Short-Term Investments	$13.5B
Net Receivables	$2.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$21.7B
PP&E (Net)	$5.7B
Goodwill	$18.0B
Intangible Assets	$3.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$796M
TOTAL NON-CURRENT ASSETS	$27.8B
TOTAL ASSETS	$49.4B
Account Payables	$196M
Short-Term Debt	$201M
Deferred Revenue	$56M
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$163M
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$5.2B
Common Stock	$0
Additional Paid-In Capital	$34.9B
Retained Earnings	$9.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$455M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$44.2B
Minority Interest	$0
TOTAL EQUITY	$44.2B
TOTAL LIABILITIES & EQUITY	$49.4B
Total Debt	$315M
Net Debt	-$4.8B