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Facebook Inc (FB) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Meta Platforms, Inc.

CIK: 1625941 Ticker: META

Facebook Reports Fourth Quarter and Full Year 2014 Results

 
MENLO PARK, Calif. – January 28, 2015 – Facebook, Inc. (NASDAQ: FB) today reported financial results for the fourth quarter and full year ended December 31, 2014.

"We got a lot done in 2014. Our community continues to grow and we're making progress towards connecting the world," said Mark Zuckerberg, Facebook founder and CEO.

Fourth Quarter and Full Year 2014 Financial Summary    
 
Three Months Ended December 31,
 
Year Ended December 31,
In millions, except percentages and per share amounts
2014
 
2013
 
2014
 
2013
Revenue
$
3,851

 
$
2,585

 
$
12,466

 
$
7,872

Income from Operations
 
 
 
 
 
 
 
   GAAP
$
1,133

 
$
1,133

 
$
4,994

 
$
2,804

   Non-GAAP*
$
2,219

 
$
1,498

 
$
7,207

 
$
3,948

Operating Margin
 
 
 
 
 
 
 
   GAAP
29
%
 
44
%
 
40
%
 
36
%
   Non-GAAP*
58
%
 
58
%
 
58
%
 
50
%
Net Income
 
 
 
 
 
 
 
   GAAP
$
701

 
$
523

 
$
2,940

 
$
1,500

   Non-GAAP*
$
1,518

 
$
814

 
$
4,713

 
$
2,334

Diluted Earnings per Share (EPS)
 
 
 
 
 
 
 
   GAAP
$
0.25

 
$
0.20

 
$
1.10

 
$
0.60

   Non-GAAP*
$
0.54

 
$
0.32

 
$
1.77

 
$
0.93


* Non-GAAP information for the three months and the year ended December 31, 2013 has been updated to exclude amortization of intangible assets to conform to our current period presentation. See the table below titled "Reconciliation of Non-GAAP Results to Nearest GAAP Measures."

Full Year 2014 Business Highlights

Revenue for the full year 2014 was $12.47 billion, an increase of 58% year-over-year.
Income from operations for the full year 2014 was $4.99 billion.
Net income for the full year 2014 was $2.94 billion.
Free cash flow for the full year 2014 was $3.63 billion.
Daily active users (DAUs) were 890 million on average for December 2014, an increase of 18% year-over-year.
Mobile DAUs were 745 million on average for December 2014, an increase of 34% year-over-year.
Monthly active users (MAUs) were 1.39 billion as of December 31, 2014, an increase of 13% year-over-year.
Mobile MAUs were 1.19 billion as of December 31, 2014, an increase of 26% year-over-year.

Fourth Quarter 2014 Financial Highlights

Revenue – Revenue for the fourth quarter of 2014 totaled $3.85 billion, an increase of 49%, compared with $2.59 billion in the fourth quarter of 2013. Excluding the impact of year-over-year changes in foreign exchange rates, revenue would have increased by 53%.

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The following information was filed by Meta Platforms, Inc (META) on Wednesday, January 28, 2015 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
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
Acquisitions
Acquisitions (tables)
Acquisitions - Whatsapp (details)
Acquisitions Acquisitions - Oculus (details)
Acquisitions Acquisitions - Other (details)
Cash And Cash Equivalents, And Marketable Securities
Cash And Cash Equivalents, And Marketable Securities - Contractual Maturities Of Debt Securities (details)
Cash And Cash Equivalents, And Marketable Securities (tables)
Cash, Cash Equivalents And Marketable Securities (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Geographical Information
Geographical Information - Property And Equipment (details)
Geographical Information - Revenue (details)
Geographical Information (tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (tables)
Goodwill And Intangible Assets Amortization Expense (details)
Goodwill And Intangible Assets Goodwill (details)
Income Taxes
Income Taxes - Deferred Tax Assets And Liabilities (details)
Income Taxes - Effective Income Tax Rate Reconciliation (details)
Income Taxes - Narrative (detail)
Income Taxes - Provision For Income Taxes (details)
Income Taxes - Schedule For Income Before Income Tax (details)
Income Taxes - Unrecognized Tax Benefits (details)
Income Taxes (tables)
Intangible Assets (detail)
Interest And Other Income (expense), Net (tables)
Interest And Other Income/(expense), Net
Interest And Other Income/(expense), Net (details)
Liabilities
Liabilities (details)
Liabilities (tables)
Long-term Debt
Long-term Debt - Borrowings (details)
Property And Equipment
Property And Equipment (detail)
Property And Equipment (tables)
Stockholders' Equity
Stockholders' Equity - Additional Award Disclosures (details)
Stockholders' Equity - Common Stock (details)
Stockholders' Equity - Follow-on Offering (details)
Stockholders' Equity - Initial Public Offering (details)
Stockholders' Equity - Rsu Award Activity (details)
Stockholders' Equity - Share-based Compensation Plans (detail)
Stockholders' Equity - Stock Option Award Activity (details)
Stockholders' Equity - Stock Options Additional Disclosures (details)
Stockholders' Equity (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies - Credit Risk And Concentration (details)
Summary Of Significant Accounting Policies - Foreign Currency (details)
Summary Of Significant Accounting Policies - Intangible Assets (details)
Summary Of Significant Accounting Policies - Other Policies (details)
Summary Of Significant Accounting Policies - Property & Equipment And Lease Obligations (details)
Summary Of Significant Accounting Policies - Revenue Recognition (details)
Summary Of Significant Accounting Policies - Share-based Compensation (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Ticker: META
CIK: 1326801
Form Type: 10-K Annual Report
Accession Number: 0001326801-15-000006
Submitted to the SEC: Thu Jan 29 2015 4:35:58 PM EST
Accepted by the SEC: Thu Jan 29 2015
Period: Wednesday, December 31, 2014
Industry: Computer Programming Data Processing

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