META FY 2016 Earnings Report — Meta Platforms, Inc. Revenue & Financial Results | Market Cap Arena

Meta Platforms, Inc.META

FY 2016 Earnings

Reported February 2, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$27.6B	—	$17.9B	—	54.2%
Op. Income	$12.4B	—	$6.2B	—	99.6%
Gross Margin	86.3%	—	84.0%	—	2.3pp
Net Margin	36.9%	—	20.6%	—	16.3pp
EPS (Diluted)	$3.49	—	$1.29	—	170.5%
Free Cash Flow	$11.6B	—	$6.1B	—	91.2%

Revenue Flow

Item	Amount
REVENUE	$27.6B
Cost of Revenue	$3.8B
GROSS PROFIT	$23.8B
R&D Expenses	$5.9B
Selling & Marketing	$3.8B
General & Administrative	$1.7B
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$11.4B
Cost & Expenses	$15.2B
OPERATING INCOME	$12.4B
Interest Income	$176M
Interest Expense	$10M
Other Income/Expenses	$91M
INCOME BEFORE TAX	$12.5B
Income Tax Expense	$2.3B
Net Income from Continuing Ops	$10.2B
Net Income from Discontinued Ops	$0
Other Adjustments	-$29M
NET INCOME	$10.2B
Net Income Deductions	-$29M
BOTTOM LINE NET INCOME	$10.2B
D&A	$2.3B
EBIT	$12.4B
EBITDA	$14.8B
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$27.6B
Cost of Revenue	$3.8B
GROSS PROFIT	$23.8B
R&D Expenses	$5.9B
Selling & Marketing	$3.8B
General & Administrative	$1.7B
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$11.4B
Cost & Expenses	$15.2B
OPERATING INCOME	$12.4B
Interest Income	$176M
Interest Expense	$10M
Other Income/Expenses	$91M
INCOME BEFORE TAX	$12.5B
Income Tax Expense	$2.3B
Net Income from Continuing Ops	$10.2B
Net Income from Discontinued Ops	$0
Other Adjustments	-$29M
NET INCOME	$10.2B
Net Income Deductions	-$29M
BOTTOM LINE NET INCOME	$10.2B
D&A	$2.3B
EBIT	$12.4B
EBITDA	$14.8B
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$10.2B
Depreciation & Amortization	$2.3B
Stock-Based Compensation	$3.2B
Deferred Income Tax	-$457M
Other Non-Cash Items	$30M
Change in Working Capital	$758M
OPERATING CASH FLOW	$16.1B
Capital Expenditure	-$4.5B
Acquisitions (Net)	-$123M
Purchases of Investments	-$22.3B
Sales/Maturities of Investments	$15.2B
Other Investing Activities	$61M
NET CASH FROM INVESTING	-$11.7B
Net Debt Issuance	-$312M
Common Stock Repurchased	-$6M
Common Dividends Paid	$0
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$310M
FREE CASH FLOW	$11.6B
Net Change in Cash	$4.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$8.9B
Short-Term Investments	$20.5B
Net Receivables	$4.0B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$34.4B
PP&E (Net)	$8.6B
Goodwill	$18.1B
Intangible Assets	$2.5B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$30.6B
TOTAL ASSETS	$65.0B
Account Payables	$302M
Short-Term Debt	$0
Deferred Revenue	$90M
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.9B
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$5.8B
Common Stock	$0
Additional Paid-In Capital	$38.2B
Retained Earnings	$21.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$703M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$59.2B
Minority Interest	$0
TOTAL EQUITY	$59.2B
TOTAL LIABILITIES & EQUITY	$65.0B
Total Debt	$0
Net Debt	-$8.9B