META FY 2017 Earnings Report — Meta Platforms, Inc. Revenue & Financial Results | Market Cap Arena

Meta Platforms, Inc.META

FY 2017 Earnings

Reported February 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$40.7B	—	$27.6B	—	47.1%
Op. Income	$20.2B	—	$12.4B	—	62.6%
Gross Margin	86.6%	—	86.3%	—	0.3pp
Net Margin	39.2%	—	36.9%	—	2.3pp
EPS (Diluted)	$5.39	—	$3.49	—	54.4%
Free Cash Flow	$17.5B	—	$11.6B	—	50.5%

Revenue Flow

Item	Amount
REVENUE	$40.7B
Cost of Revenue	$5.5B
GROSS PROFIT	$35.2B
R&D Expenses	$7.8B
Selling & Marketing	$4.7B
General & Administrative	$2.5B
SG&A Expenses	$7.2B
Other Expenses	$0
Operating Expenses	$15.0B
Cost & Expenses	$20.4B
OPERATING INCOME	$20.2B
Interest Income	$398M
Interest Expense	$6M
Other Income/Expenses	$391M
INCOME BEFORE TAX	$20.6B
Income Tax Expense	$4.7B
Net Income from Continuing Ops	$15.9B
Net Income from Discontinued Ops	$0
Other Adjustments	-$14M
NET INCOME	$15.9B
Net Income Deductions	-$14M
BOTTOM LINE NET INCOME	$15.9B
D&A	$3.0B
EBIT	$20.6B
EBITDA	$23.6B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$40.7B
Cost of Revenue	$5.5B
GROSS PROFIT	$35.2B
R&D Expenses	$7.8B
Selling & Marketing	$4.7B
General & Administrative	$2.5B
SG&A Expenses	$7.2B
Other Expenses	$0
Operating Expenses	$15.0B
Cost & Expenses	$20.4B
OPERATING INCOME	$20.2B
Interest Income	$398M
Interest Expense	$6M
Other Income/Expenses	$391M
INCOME BEFORE TAX	$20.6B
Income Tax Expense	$4.7B
Net Income from Continuing Ops	$15.9B
Net Income from Discontinued Ops	$0
Other Adjustments	-$14M
NET INCOME	$15.9B
Net Income Deductions	-$14M
BOTTOM LINE NET INCOME	$15.9B
D&A	$3.0B
EBIT	$20.6B
EBITDA	$23.6B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$15.9B
Depreciation & Amortization	$3.0B
Stock-Based Compensation	$3.7B
Deferred Income Tax	-$377M
Other Non-Cash Items	$24M
Change in Working Capital	$1.9B
OPERATING CASH FLOW	$24.2B
Capital Expenditure	-$6.7B
Acquisitions (Net)	-$122M
Purchases of Investments	-$25.7B
Sales/Maturities of Investments	$12.4B
Other Investing Activities	$67M
NET CASH FROM INVESTING	-$20.0B
Net Debt Issuance	$0
Common Stock Repurchased	-$2.0B
Common Dividends Paid	$0
Other Financing Activities	-$3.3B
NET CASH FROM FINANCING	-$5.2B
FREE CASH FLOW	$17.5B
Net Change in Cash	-$824M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.1B
Short-Term Investments	$33.6B
Net Receivables	$5.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$48.6B
PP&E (Net)	$13.7B
Goodwill	$18.2B
Intangible Assets	$1.9B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2.1B
TOTAL NON-CURRENT ASSETS	$36.0B
TOTAL ASSETS	$84.5B
Account Payables	$380M
Short-Term Debt	$340M
Deferred Revenue	$98M
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$50M
Other Non-Current Liabilities	$6.4B
TOTAL NON-CURRENT LIABILITIES	$6.4B
TOTAL LIABILITIES	$10.2B
Common Stock	$0
Additional Paid-In Capital	$40.6B
Retained Earnings	$34.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$227M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$74.3B
Minority Interest	$0
TOTAL EQUITY	$74.3B
TOTAL LIABILITIES & EQUITY	$84.5B
Total Debt	$340M
Net Debt	-$7.7B