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Meta Platforms, Inc. (FB) SEC Filing 10-Q Quarterly Report for the period ending Thursday, March 31, 2022

SEC Filings

Meta Platforms, Inc.

CIK: 1326801 Ticker: FB

Meta Reports First Quarter 2022 Results


MENLO PARK, Calif. – April 27, 2022 – Meta Platforms, Inc. (Nasdaq: FB) today reported financial results for the quarter ended March 31, 2022.

"We made progress this quarter across a number of key company priorities and we remain confident in the long‑term opportunities and growth that our product roadmap will unlock," said Mark Zuckerberg, Meta founder and CEO. "More people use our services today than ever before, and I'm proud of how our products are serving people around the world."

First Quarter 2022 Financial Highlights
Three Months Ended March 31,Year-over-Year % Change
In millions, except percentages and per share amounts20222021
Total revenue$27,908 $26,171 7%
Total costs and expenses19,384 14,793 31%
Income from operations$8,524 $11,378 (25)%
Operating margin31 %43 %
Provision for income taxes$1,443 $2,006 (28)%
Effective tax rate 16 %17 %
Net income$7,465 $9,497 (21)%
Diluted earnings per share (EPS)$2.72 $3.30 (18)%


First Quarter 2022 Operational and Other Financial Highlights

Family daily active people (DAP) – DAP was 2.87 billion on average for March 2022, an increase of 6% year-over-year.
Family monthly active people (MAP) – MAP was 3.64 billion as of March 31, 2022, an increase of 6% year-over-year.
Facebook daily active users (DAUs) – DAUs were 1.96 billion on average for March 2022, an increase of 4% year-over-year.
Facebook monthly active users (MAUs) – MAUs were 2.94 billion as of March 31, 2022, an increase of 3% year-over-year.
Ad impressions and price per ad – In the first quarter of 2022, ad impressions delivered across our Family of Apps increased by 15% year-over-year and the average price per ad decreased by 8% year-over-year.
Capital expenditures – Capital expenditures, including principal payments on finance leases, were $5.55 billion for the first quarter of 2022.
Share repurchases – We repurchased $9.39 billion of our Class A common stock in the first quarter of 2022. As of March 31, 2022, we had $29.41 billion available and authorized for repurchases.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $43.89 billion as of March 31, 2022.
Headcount – Headcount was 77,805 as of March 31, 2022, an increase of 28% year-over-year.
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The following information was filed by Meta Platforms, Inc. (FB) on Wednesday, April 27, 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Income
Condensed Consolidated Statements Of Stockholders' Equity
Acquisitions, Goodwill And Intangible Assets
Acquisitions, Goodwill And Intangible Assets (Tables)
Acquisitions, Goodwill And Intangible Assets - Change In Carrying Amount Of Goodwill (Details)
Acquisitions, Goodwill And Intangible Assets - Estimated Amortization Expense (Details)
Acquisitions, Goodwill And Intangible Assets - Intangible Assets (Detail)
Acquisitions, Goodwill And Intangible Assets - Narrative (Details)
Cash And Cash Equivalents, And Marketable Securities
Cash And Cash Equivalents, And Marketable Securities (Tables)
Cash And Cash Equivalents, And Marketable Securities - Available-For-Sale Marketable Securities (Details)
Cash And Cash Equivalents, And Marketable Securities - Breakout Of Cash, Cash Equivalents And Marketable Securities (Details)
Cash And Cash Equivalents, And Marketable Securities - Contractual Maturities Of Marketable Debt Securities (Details)
Cash And Cash Equivalents, And Marketable Securities - Narrative (Details)
Commitment And Contingencies (Tables)
Commitments And Contingencies
Commitments And Contingencies - Contractual Commitments (Details)
Commitments And Contingencies - Narrative (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Basic And Diluted Eps (Details)
Earnings Per Share - Narrative (Details)
Equity Investments
Equity Investments (Tables)
Equity Investments - Carrying Value Of Equity Investments (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Assets Measured At Fair Value (Details)
Fair Value Measurements - Narrative (Details)
Income Taxes
Income Taxes (Details)
Leases
Leases (Tables)
Leases - Components Of Lease Cost (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Supplemental Cash Flow (Details)
Property And Equipment
Property And Equipment (Details)
Property And Equipment (Tables)
Revenue
Revenue (Tables)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Narrative (Details)
Segments And Geographical Information
Segments And Geographical Information (Tables)
Segments And Geographical Information - Narrative (Details)
Segments And Geographical Information - Property And Equipment, Net (Details)
Segments And Geographical Information - Segment Information Of Revenue And Income (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Award Disclosures (Details)
Stockholders' Equity - Restricted Stock Units (Details)
Stockholders' Equity - Share Repurchase Program (Details)
Stockholders' Equity - Share-Based Compensation Plans (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Ticker: FB
CIK: 1326801
Form Type: 10-Q Quarterly Report
Accession Number: 0001326801-22-000057
Submitted to the SEC: Wed Apr 27 2022 8:42:59 PM EST
Accepted by the SEC: Thu Apr 28 2022
Period: Thursday, March 31, 2022
Industry: Computer Programming Data Processing

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