Stock Analysis on Net
Stock Analysis on Net

Facebook Inc. (NASDAQ:FB)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Facebook Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

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Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and cash equivalents 11,617  21,045  23,618  19,079  15,979  13,877  11,076  10,019  9,637  11,552  12,082  8,079  7,201  6,252  7,104  8,903  6,038  5,108  6,456  4,907  4,308  5,123  3,419 
Marketable securities 44,003  37,195  36,671  35,776  36,290  34,719  34,167  31,095  31,569  30,757  31,874  33,632  31,088  29,200  25,202  20,546  20,102  18,185  14,165  13,527  11,526  9,002  8,994 
Accounts receivable, net of allowances 8,024  7,483  7,289  9,518  7,673  7,513  6,475  7,587  6,058  5,590  5,115  5,832  4,424  3,897  3,415  3,993  3,070  2,801  2,348  2,559  2,010  1,815  1,508 
Prepaid expenses and other current assets 2,155  2,407  1,771  1,852  2,137  1,852  1,582  1,779  1,883  1,934  1,341  1,020  1,490  1,455  1,209  959  1,118  916  843  659  1,295  1,011  1,083 
Current assets 65,799  68,130  69,349  66,225  62,079  57,961  53,300  50,480  49,147  49,833  50,412  48,563  44,203  40,804  36,930  34,401  30,328  27,010  23,812  21,652  19,139  16,951  15,004 
Equity investments 6,164  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Property and equipment, net 42,291  39,006  37,127  35,323  32,284  29,999  27,345  24,683  21,112  18,357  16,211  13,721  12,158  10,628  9,462  8,591  7,899  7,104  6,467  5,687  5,335  4,955  4,619 
Operating lease right-of-use assets, net 9,439  9,429  9,359  9,460  8,403  7,272  6,747  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Intangible assets, net 744  859  838  894  853  994  1,150  1,294  1,451  1,573  1,735  1,884  2,050  2,186  2,360  2,535  2,702  2,879  3,067  3,246  3,437  3,605  3,774 
Goodwill 19,031  19,029  18,811  18,715  18,338  18,334  18,333  18,301  18,304  18,263  18,268  18,221  18,213  18,129  18,126  18,122  18,085  18,043  18,029  18,026  18,024  18,025  18,005 
Other assets 2,969  3,238  2,887  2,759  2,461  2,446  2,602  2,576  2,438  2,265  2,319  2,135  2,374  2,096  1,836  1,312  660  703  700  796  534  594  605 
Non-current assets 80,638  71,561  69,022  67,151  62,339  59,045  56,177  46,854  43,305  40,458  38,533  35,961  34,795  33,039  31,784  30,560  29,346  28,729  28,263  27,755  27,330  27,179  27,003 
Total assets 146,437  139,691  138,371  133,376  124,418  117,006  109,477  97,334  92,452  90,291  88,945  84,524  78,998  73,843  68,714  64,961  59,674  55,739  52,075  49,407  46,469  44,130  42,007 

Based on: 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-01-30), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-01-31), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-01), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-01-28), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-07-31), 10-Q (filing date: 2015-04-23).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Facebook Inc.’s current assets decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Facebook Inc.’s property and equipment, net increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Facebook Inc.’s non-current assets increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Facebook Inc.’s total assets increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Facebook Inc.’s cash and cash equivalents decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Marketable securities Amount of investment in marketable security, classified as current. Facebook Inc.’s marketable securities increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Accounts receivable, net of allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Facebook Inc.’s accounts receivable, net of allowances increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.