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Facebook Inc (FB) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Meta Platforms, Inc.

CIK: 1625941 Ticker: META

Facebook Reports Second Quarter 2021 Results

MENLO PARK, Calif. – July 28, 2021 – Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2021.

"We had a strong quarter as we continue to help businesses grow and people stay connected," said Mark Zuckerberg, Facebook founder and CEO. "I'm excited to see our major initiatives around creators and community, commerce, and building the next computing platform coming together to start to bring the vision of the metaverse to life."

Second Quarter 2021 Financial Highlights
Three Months Ended June 30,Year-over-Year % Change
In millions, except percentages and per share amounts20212020
Revenue:
Advertising$28,580 $18,321 56%
Other497 366 36%
Total revenue29,077 18,687 56%
Total costs and expenses16,710 12,724 31%
Income from operations$12,367 $5,963 107%
Operating margin43 %32 %
Provision for income taxes$2,119 $953 122%
Effective tax rate 17 %16 %
Net income$10,394 $5,178 101%
Diluted earnings per share (EPS)$3.61 $1.80 101%

Second Quarter 2021 Operational and Other Financial Highlights

Facebook daily active users (DAUs) – DAUs were 1.91 billion on average for June 2021, an increase of 7% year-over-year.
Facebook monthly active users (MAUs) – MAUs were 2.90 billion as of June 30, 2021, an increase of 7% year-over-year.
Family daily active people (DAP) – DAP was 2.76 billion on average for June 2021, an increase of 12% year-over-year.
Family monthly active people (MAP) – MAP was 3.51 billion as of June 30, 2021, an increase of 12% year-over-year.
Capital expenditures – Capital expenditures, including principal payments on finance leases, were $4.74 billion for the second quarter of 2021.
Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $64.08 billion as of June 30, 2021.
Headcount – Headcount was 63,404 as of June 30, 2021, an increase of 21% year-over-year.
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The following information was filed by Meta Platforms, Inc (META) on Wednesday, July 28, 2021 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
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Cash And Cash Equivalents, And Marketable Securities (Tables)
Cash And Cash Equivalents, And Marketable Securities - Breakout Of Cash, Cash Equivalents And Marketable Securities (Details)
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Cash And Cash Equivalents, And Marketable Securities - Narrative (Details)
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Earnings Per Share
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Earnings Per Share - Basic And Diluted Eps (Details)
Equity Investments
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Equity Investments (Tables)
Fair Value Measurement
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Fair Value Measurement - Assets Measured At Fair Value (Details)
Geographical Information
Geographical Information (Tables)
Geographical Information - Property And Equipment, Net (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Change In Carrying Amount Of Goodwill (Details)
Goodwill And Intangible Assets - Estimated Amortization Expense (Details)
Goodwill And Intangible Assets - Intangible Assets (Detail)
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)
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Revenue - Disaggregation Of Revenue (Details)
Revenue - Narrative (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: META
CIK: 1326801
Form Type: 10-Q Quarterly Report
Accession Number: 0001326801-21-000049
Submitted to the SEC: Wed Jul 28 2021 8:13:08 PM EST
Accepted by the SEC: Thu Jul 29 2021
Period: Wednesday, June 30, 2021
Industry: Computer Programming Data Processing

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