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Meta Platforms, Inc. (FB) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

SEC Filings

Meta Platforms, Inc.

CIK: 1326801 Ticker: FB


Meta Reports Fourth Quarter and Full Year 2021 Results

MENLO PARK, Calif. – February 2, 2022 – Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December 31, 2021.

"We had a solid quarter as people turned to our products to stay connected and businesses continued to use our services to grow," said Mark Zuckerberg, Meta founder and CEO. "I'm encouraged by the progress we made this past year in a number of important growth areas like Reels, commerce, and virtual reality, and we'll continue investing in these and other key priorities in 2022 as we work towards building the metaverse."

Fourth Quarter and Full Year 2021 Financial Highlights
Three Months Ended December 31,Year-over-Year % ChangeYear Ended December 31,Year-over-Year % Change
In millions, except percentages and per share amounts2021202020212020
Total revenue$33,671 $28,072 20 %$117,929 $85,965 37 %
Total costs and expenses21,086 15,297 38 %71,176 53,294 34 %
Income from operations$12,585 $12,775 (1)%$46,753 $32,671 43 %
Operating margin37 %46 %40 %38 %
Provision for income taxes$2,417 $1,836 32 %$7,914 $4,034 96 %
Effective tax rate 19 %14 %17 %12 %
Net income$10,285 $11,219 (8)%$39,370 $29,146 35 %
Diluted earnings per share (EPS)$3.67 $3.88 (5)%$13.77 $10.09 36 %

Fourth Quarter and Full Year 2021 Operational and Other Financial Highlights

Family daily active people (DAP) – DAP was 2.82 billion on average for December 2021, an increase of 8% year-over-year.
Family monthly active people (MAP) – MAP was 3.59 billion as of December 31, 2021, an increase of 9% year-over-year.
Facebook daily active users (DAUs) – DAUs were 1.93 billion on average for December 2021, an increase of 5% year-over-year.
Facebook monthly active users (MAUs) – MAUs were 2.91 billion as of December 31, 2021, an increase of 4% year-over-year.
Ad impressions and price per ad – In the fourth quarter of 2021, ad impressions delivered across our Family of Apps increased by 13% year-over-year and the average price per ad increased by 6% year-over-year. For the full year 2021, ad impressions increased by 10% year-over-year and the average price per ad increased by 24% year-over-year.
Capital expenditures – Capital expenditures, including principal payments on finance leases, were $5.54 billion and $19.24 billion for the fourth quarter and full year 2021, respectively.
Share repurchases – We repurchased $19.18 billion and $44.81 billion of our Class A common stock in the fourth quarter and full year 2021, respectively. As of December 31, 2021, we had $38.79 billion available and authorized for repurchases.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $48.0 billion as of December 31, 2021.
Headcount – Headcount was 71,970 as of December 31, 2021, an increase of 23% year-over-year.


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The following information was filed by Meta Platforms, Inc. (FB) on Wednesday, February 2, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Meta Platforms, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Cash And Cash Equivalents And Marketable Securities
Cash And Cash Equivalents And Marketable Securities (Tables)
Cash And Cash Equivalents And Marketable Securities - Narrative (Details)
Cash And Cash Equivalents And Marketable Securities - Schedule Of Cash And Cash Equivalents And Marketable Securities (Details)
Cash And Cash Equivalents And Marketable Securities - Schedule Of Contractual Maturities Of Debt Securities (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Equity Investments
Equity Investments (Tables)
Equity Investments - Carrying Value Of Equity Investments (Details)
Equity Investments - Narrative (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Schedule Of Amortization Expense (Details)
Goodwill And Intangible Assets - Schedule Of Change In Goodwill (Details)
Goodwill And Intangible Assets - Schedule Of Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Income Taxes - Schedule For Income Before Income Tax (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Schedule Of Provision For Income Taxes (Details)
Income Taxes - Schedule Of Unrecognized Tax Benefits (Details)
Interest And Other Income, Net
Interest And Other Income, Net (Details)
Interest And Other Income, Net (Tables)
Leases
Leases (Tables)
Leases - Components Of Lease Cost And Supplementary Info (Details)
Leases - Narrative (Details)
Leases - Schedule Of Maturities Of Lease Liabilities (Details)
Leases - Schedule Of Supplemental Cash Flow (Details)
Liabilities
Liabilities (Details)
Liabilities (Tables)
Property And Equipment
Property And Equipment (Details)
Property And Equipment (Tables)
Revenue
Revenue (Tables)
Revenue - Narrative (Details)
Revenue - Schedule Of Disaggregation Of Revenue (Details)
Segment And Geographical Information
Segment And Geographical Information (Tables)
Segment And Geographical Information - Narrative (Details)
Segment And Geographical Information - Schedule Of Property And Equipment (Details)
Segment And Geographical Information - Segment Revenue And Income For Operations (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Award Disclosures Narrative (Details)
Stockholders' Equity - Common Stock Narrative (Details)
Stockholders' Equity - Rsu Award Activity (Details)
Stockholders' Equity - Share Repurchase Program Narrative (Details)
Stockholders' Equity - Share-Based Compensation Plans Narrative (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Narrative (Details)
Ticker: FB
CIK: 1326801
Form Type: 10-K Annual Report
Accession Number: 0001326801-22-000018
Submitted to the SEC: Wed Feb 02 2022 9:11:04 PM EST
Accepted by the SEC: Thu Feb 03 2022
Period: Friday, December 31, 2021
Industry: Computer Programming Data Processing

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