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Facebook Inc (FB) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Meta Platforms, Inc.

CIK: 1625941 Ticker: META

Facebook Reports Fourth Quarter and Full Year 2015 Results

 
MENLO PARK, Calif. – January 27, 2016 – Facebook, Inc. (NASDAQ: FB) today reported financial results for the fourth quarter and full year ended December 31, 2015.

"2015 was a great year for Facebook. Our community continued to grow and our business is thriving," said Mark Zuckerberg, Facebook founder and CEO. "We continue to invest in better serving our community, building our business, and connecting the world."

Fourth Quarter and Full Year 2015 Financial Summary    
 
Three Months Ended December 31,
 
Year Ended December 31,
In millions, except percentages and per share amounts
2015
 
2014
 
2015
 
2014
Revenue
$
5,841

 
$
3,851

 
$
17,928

 
$
12,466

Income from Operations
 
 
 
 
 
 
 
   GAAP
$
2,560

 
$
1,133

 
$
6,225

 
$
4,994

   Non-GAAP*
$
3,523

 
$
2,219

 
$
10,001

 
$
7,207

Operating Margin
 
 
 
 
 
 
 
   GAAP
44
%
 
29
%
 
35
%
 
40
%
   Non-GAAP*
60
%
 
58
%
 
56
%
 
58
%
Net Income
 
 
 
 
 
 
 
   GAAP
$
1,562

 
$
701

 
$
3,688

 
$
2,940

   Non-GAAP*
$
2,265

 
$
1,518

 
$
6,518

 
$
4,713

Diluted Earnings per Share (EPS)
 
 
 
 
 
 
 
   GAAP
$
0.54

 
$
0.25

 
$
1.29

 
$
1.10

   Non-GAAP*
$
0.79

 
$
0.54

 
$
2.28

 
$
1.77

*
Non-GAAP financial measures exclude amortization of intangible assets, share-based compensation and related payroll tax expenses. Non-GAAP net income and EPS also exclude the income tax effects of these non-GAAP adjustments. See the table below titled "Reconciliation of Non-GAAP Results to Nearest GAAP Measures."

Full Year 2015 Business Highlights

Revenue – Revenue for the full year 2015 was $17.93 billion, an increase of 44% year-over-year.
Income from operations – Income from operations for the full year 2015 was $6.23 billion.
Net income – Net income for the full year 2015 was $3.69 billion.
Free cash flow – Free cash flow for the full year 2015 was $6.08 billion.
Daily active users (DAUs) – DAUs were 1.04 billion on average for December 2015, an increase of 17% year-over-year.
Mobile DAUs – Mobile DAUs were 934 million on average for December 2015, an increase of 25% year-over-year.
Monthly active users (MAUs) – MAUs were 1.59 billion as of December 31, 2015, an increase of 14% year-over-year.
Mobile MAUs – Mobile MAUs were 1.44 billion as of December 31, 2015, an increase of 21% year-over-year.

1


The following information was filed by Meta Platforms, Inc (META) on Wednesday, January 27, 2016 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 - 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 Measurement
Fair Value Measurement (details)
Fair Value Measurement (tables)
Geographical Information
Geographical Information (tables)
Geographical Information - Property And Equipment (details)
Geographical Information - Revenue (details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets - Amortization Expense (details)
Goodwill And Intangible Assets - Change In Carrying Amount (details)
Goodwill And Intangible Assets - Intangible Assets (detail)
Goodwill And Intangible Assets (tables)
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)
Interest And Other Income/(expense), Net
Interest And Other Income/(expense), Net (details)
Interest And Other Income/(expense), Net (tables)
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 - 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 - Recently Issued And Adopted Accounting Pronouncement (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: 0001326801-16-000043
Submitted to the SEC: Thu Jan 28 2016 4:17:07 PM EST
Accepted by the SEC: Thu Jan 28 2016
Period: Thursday, December 31, 2015
Industry: Computer Programming Data Processing

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