Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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.

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

US$ in millions

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 41,862 36,890 28,785 11,551 14,681 14,308 12,681 14,886 16,601 14,496 16,186 19,513 17,576 11,617 21,045 23,618 19,079 15,979 13,877 11,076
Marketable securities 23,541 24,233 24,661 25,888 26,057 27,468 27,808 29,004 31,397 43,579 47,894 44,706 44,378 44,003 37,195 36,671 35,776 36,290 34,719 34,167
Accounts receivable, net 16,169 12,944 12,511 11,044 13,466 11,227 11,525 11,390 14,039 12,088 11,698 10,276 11,335 8,024 7,483 7,289 9,518 7,673 7,513 6,475
Prepaid expenses and other current assets 3,793 4,311 3,603 4,000 5,345 5,312 3,973 3,985 4,629 5,258 4,919 2,827 2,381 2,155 2,407 1,771 1,852 2,137 1,852 1,582
Current assets 85,365 78,378 69,560 52,483 59,549 58,315 55,987 59,265 66,666 75,421 80,697 77,322 75,670 65,799 68,130 69,349 66,225 62,079 57,961 53,300
Non-marketable equity securities 6,141 6,142 6,208 6,167 6,201 6,528 6,536 6,775 6,775 6,758 6,393 6,342 6,234 6,164
Property and equipment, net 96,587 91,772 87,949 84,156 79,518 73,738 67,588 61,582 57,809 53,726 50,909 47,720 45,633 42,291 39,006 37,127 35,323 32,284 29,999 27,345
Operating lease right-of-use assets 13,294 13,033 12,955 12,899 12,673 13,641 14,130 12,241 12,155 11,063 10,525 10,202 9,348 9,439 9,429 9,359 9,460 8,403 7,272 6,747
Intangible assets, net 788 813 856 949 897 875 965 910 634 365 514 505 623 744 859 838 894 853 994 1,150
Goodwill 20,654 20,668 20,659 20,649 20,306 20,268 20,229 19,923 19,197 19,065 19,219 19,056 19,050 19,031 19,029 18,811 18,715 18,338 18,334 18,333
Other assets 6,794 5,468 8,501 7,188 6,583 5,529 4,344 3,522 2,751 3,187 2,352 2,376 2,758 2,969 3,238 2,887 2,759 2,461 2,446 2,602
Non-current assets 144,258 137,896 137,128 132,008 126,178 120,579 113,792 104,953 99,321 94,164 89,912 86,201 83,646 80,638 71,561 69,022 67,151 62,339 59,045 56,177
Total assets 229,623 216,274 206,688 184,491 185,727 178,894 169,779 164,218 165,987 169,585 170,609 163,523 159,316 146,437 139,691 138,371 133,376 124,418 117,006 109,477

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


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. Meta Platforms Inc. current assets increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. Meta Platforms Inc. property and equipment, net increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. Meta Platforms Inc. non-current assets increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. Meta Platforms Inc. total assets increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

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. Meta Platforms Inc. cash and cash equivalents increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Marketable securities Amount of investment in marketable security, classified as current. Meta Platforms Inc. marketable securities decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Accounts receivable, net 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. Meta Platforms Inc. accounts receivable, net increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.