Last10K.com

Meta Platforms, Inc. (META) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

SEC Filings

META Quarterly Reports

Meta Platforms, Inc.

CIK: 1326801 Ticker: META

Meta Reports Second Quarter 2022 Results
Announces Plans for Chief Financial Officer Transition and Chief Strategy Officer Appointment


MENLO PARK, Calif. – July 27, 2022 – Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended June 30, 2022.

"It was good to see positive trajectory on our engagement trends this quarter coming from products like Reels and our investments in AI," said Mark Zuckerberg, Meta founder and CEO. "We're putting increased energy and focus around our key company priorities that unlock both near and long term opportunities for Meta and the people and businesses that use our services."

Second Quarter 2022 Financial Highlights
Three Months Ended June 30,% Change
In millions, except percentages and per share amounts20222021
Total revenue$28,822 $29,077 (1)%
Total costs and expenses20,464 16,710 22%
Income from operations$8,358 $12,367 (32)%
Operating margin29 %43 %
Provision for income taxes$1,499 $2,119 (29)%
Effective tax rate 18 %17 %
Net income$6,687 $10,394 (36)%
Diluted earnings per share (EPS)$2.46 $3.61 (32)%

Second Quarter 2022 Operational and Other Financial Highlights

Family daily active people (DAP) – DAP was 2.88 billion on average for June 2022, an increase of 4% year-over-year.
Family monthly active people (MAP) – MAP was 3.65 billion as of June 30, 2022, an increase of 4% year-over-year.
Facebook daily active users (DAUs) – DAUs were 1.97 billion on average for June 2022, an increase of 3% year-over-year.
Facebook monthly active users (MAUs) – MAUs were 2.93 billion as of June 30, 2022, an increase of 1% year-over-year.
Ad impressions and price per ad – In the second 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 14% year-over-year.
Capital expenditures – Capital expenditures, including principal payments on finance leases, were $7.75 billion for the second quarter of 2022.
Share repurchases – We repurchased $5.08 billion of our Class A common stock in the second quarter of 2022. As of June 30, 2022, we had $24.32 billion available and authorized for repurchases.
Cash, cash equivalents, and marketable securities – Cash, cash equivalents, and marketable securities were $40.49 billion as of June 30, 2022.
Headcount – Headcount was 83,553 as of June 30, 2022, an increase of 32% year-over-year.
1


The following information was filed by Meta Platforms, Inc (META) on Wednesday, July 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.

View differences made from one quarter to another to evaluate Meta Platforms, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Meta Platforms, Inc..

Continue

Assess how Meta Platforms, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Meta Platforms, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
Legal
M & A
Other
Filter Subcategory:
All
Product
Geography
Expense
Cash Flow
Shares
Other
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, Cash Equivalents, Marketable Securities, And Restricted Cash
Cash, Cash Equivalents, Marketable Securities, And Restricted Cash (Tables)
Cash, Cash Equivalents, Marketable Securities, And Restricted Cash - Available-For-Sale Marketable Securities (Details)
Cash, Cash Equivalents, Marketable Securities, And Restricted Cash - Breakout Of Cash, Cash Equivalents And Marketable Securities (Details)
Cash, Cash Equivalents, Marketable Securities, And Restricted Cash - Contractual Maturities Of Marketable Debt Securities (Details)
Cash, Cash Equivalents, Marketable Securities, And Restricted Cash - 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)
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 - Lease, Balance Sheet Information (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Supplemental Cash Flow (Details)
Non-Marketable Equity Securities
Non-Marketable Equity Securities (Tables)
Non-Marketable Equity Securities - Carrying Value Of Equity Investments (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 (Details)
Summary Of Significant Accounting Policies (Policies)

Material Contracts, Statements, Certifications & more

Meta Platforms, Inc. provided additional information to their SEC Filing as exhibits

Ticker: META
CIK: 1326801
Form Type: 10-Q Quarterly Report
Accession Number: 0001326801-22-000082
Submitted to the SEC: Wed Jul 27 2022 8:44:34 PM EST
Accepted by the SEC: Thu Jul 28 2022
Period: Thursday, June 30, 2022
Industry: Computer Programming Data Processing

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/meta/0001326801-22-000082.htm