META FY 2018 Earnings Report — Meta Platforms, Inc. Revenue & Financial Results | Market Cap Arena

Meta Platforms, Inc.META

FY 2018 Earnings

Reported January 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$55.8B	—	$40.7B	—	37.4%
Op. Income	$24.9B	—	$20.2B	—	23.3%
Gross Margin	83.2%	—	86.6%	—	-3.3pp
Net Margin	39.6%	—	39.2%	—	0.4pp
EPS (Diluted)	$7.57	—	$5.39	—	40.4%
Free Cash Flow	$15.4B	—	$17.5B	—	-12.1%

Revenue Flow

Item	Amount
REVENUE	$55.8B
Cost of Revenue	$9.4B
GROSS PROFIT	$46.5B
R&D Expenses	$10.3B
Selling & Marketing	$7.8B
General & Administrative	$3.5B
SG&A Expenses	$11.3B
Other Expenses	$0
Operating Expenses	$21.6B
Cost & Expenses	$30.9B
OPERATING INCOME	$24.9B
Interest Income	$652M
Interest Expense	$9M
Other Income/Expenses	$448M
INCOME BEFORE TAX	$25.4B
Income Tax Expense	$3.2B
Net Income from Continuing Ops	$22.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22.1B
D&A	$4.3B
EBIT	$24.9B
EBITDA	$29.2B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$55.8B
Cost of Revenue	$9.4B
GROSS PROFIT	$46.5B
R&D Expenses	$10.3B
Selling & Marketing	$7.8B
General & Administrative	$3.5B
SG&A Expenses	$11.3B
Other Expenses	$0
Operating Expenses	$21.6B
Cost & Expenses	$30.9B
OPERATING INCOME	$24.9B
Interest Income	$652M
Interest Expense	$9M
Other Income/Expenses	$448M
INCOME BEFORE TAX	$25.4B
Income Tax Expense	$3.2B
Net Income from Continuing Ops	$22.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22.1B
D&A	$4.3B
EBIT	$24.9B
EBITDA	$29.2B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$22.1B
Depreciation & Amortization	$4.3B
Stock-Based Compensation	$4.2B
Deferred Income Tax	$286M
Other Non-Cash Items	-$64M
Change in Working Capital	-$1.5B
OPERATING CASH FLOW	$29.3B
Capital Expenditure	-$13.9B
Acquisitions (Net)	-$137M
Purchases of Investments	-$14.7B
Sales/Maturities of Investments	$17.1B
Other Investing Activities	-$25M
NET CASH FROM INVESTING	-$11.6B
Net Debt Issuance	$500M
Common Stock Repurchased	-$12.9B
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$15.6B
FREE CASH FLOW	$15.4B
Net Change in Cash	$1.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$10.0B
Short-Term Investments	$31.1B
Net Receivables	$7.6B
Inventory	$0
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$50.5B
PP&E (Net)	$24.7B
Goodwill	$18.3B
Intangible Assets	$1.3B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2.6B
TOTAL NON-CURRENT ASSETS	$46.9B
TOTAL ASSETS	$97.3B
Account Payables	$820M
Short-Term Debt	$500M
Deferred Revenue	$147M
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$7.0B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$673M
Other Non-Current Liabilities	$5.5B
TOTAL NON-CURRENT LIABILITIES	$6.2B
TOTAL LIABILITIES	$13.2B
Common Stock	$0
Additional Paid-In Capital	$42.9B
Retained Earnings	$42.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$760M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$84.1B
Minority Interest	$0
TOTAL EQUITY	$84.1B
TOTAL LIABILITIES & EQUITY	$97.3B
Total Debt	$500M
Net Debt	-$9.5B