Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Meta Platforms Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net income 14,017 11,583 7,789 5,709 4,653 4,395 6,687 7,465 10,285 9,193 10,395 9,497 11,219 7,846 5,179 4,902 7,349 6,091 2,616 2,429
Depreciation and amortization 3,172 2,859 2,623 2,524 2,376 2,175 1,979 2,156 2,014 1,995 1,986 1,972 1,863 1,698 1,704 1,597 1,468 1,416 1,502 1,355
Share-based compensation 3,424 3,492 4,060 3,051 3,008 3,134 3,352 2,498 2,407 2,378 2,549 1,830 1,784 1,722 1,695 1,335 1,274 1,249 1,303 1,010
Deferred income taxes (1,161) 3,049 (1,137) (620) (1,173) (1,097) (453) (563) 748 (786) 229 418 (376) (1,506) 213 477 (395) 174 1 183
Impairment charges for facilities consolidation, net 1,090 340 232 770 1,805 413
Data center assets abandonment (224) 1,341
Other 357 74 211 (7) 570 104 188 (221) 34 (73) (22) (66) 62 7 43 6 (5) 30 8 6
Accounts receivable (2,843) (678) (1,424) 2,546 (1,699) (105) (522) 2,557 (2,038) (555) (1,366) 849 (3,059) (377) (122) 2,046 (1,697) (328) (1,006) 1,070
Prepaid expenses and other current assets 700 (908) (54) 821 855 (831) (435) 573 816 (253) (1,852) (461) 224 264 (324) (29) 574 (359) (252) 84
Other assets (111) (36) 37 30 54 (28) (24) (108) (165) 11 (185) (10) (26) 7 1 (16) (25) 1 24 41
Accounts payable 594 612 (51) (1,104) 876 (21) 237 (882) 876 694 116 (250) (56) 139 (56) (44) 111 89 9 (96)
Partners payable 76 9 (116) (240) 102 21 72 (105) 151 (30) (61) (72) 278 58 11 (169) 289 39 21 (1)
Accrued expenses and other current liabilities (350) 78 5,290 334 1,303 992 1,204 711 2,562 1,173 1,484 (1,675) 2,216 (145) (3,981) 964 902 488 2,883 3,150
Other liabilities 663 (72) (151) 184 440 540 (89) (5) 414 343 (26) 210 (89) 116 (486) (68) (762) 417 1,507 77
Changes in assets and liabilities (1,271) (995) 3,531 2,571 1,931 568 443 2,741 2,616 1,383 (1,890) (1,409) (512) 62 (4,957) 2,684 (608) 347 3,186 4,325
Adjustments to reconcile net income to net cash provided by operating activities 5,387 8,819 9,520 8,289 9,858 5,297 5,509 6,611 7,819 4,897 2,852 2,745 2,821 1,983 (1,302) 6,099 1,734 3,216 6,000 6,879
Net cash provided by operating activities 19,404 20,402 17,309 13,998 14,511 9,692 12,196 14,076 18,104 14,090 13,247 12,242 14,040 9,829 3,877 11,001 9,083 9,307 8,616 9,308
Purchases of property and equipment (7,665) (6,543) (6,216) (6,842) (9,043) (9,375) (7,572) (5,441) (5,400) (4,346) (4,641) (4,303) (4,613) (3,689) (3,255) (3,558) (4,100) (3,532) (3,633) (3,837)
Proceeds relating to property and equipment 73 47 82 19 55 20 44 126 31 32 29 31
Purchases of marketable debt securities (1,172) (1,007) (718) (85) (741) (2,597) (2,220) (4,068) (6,093) (7,786) (10,297) (6,231) (5,737) (14,130) (6,179) (7,884) (4,758) (7,397) (5,152) (6,603)
Sales and maturities of marketable debt securities 2,359 1,474 1,817 534 2,263 2,269 3,159 5,467 17,937 11,985 7,033 5,631 5,267 7,255 5,841 7,408 5,267 5,889 4,839 3,722
Acquisitions of businesses and intangible assets (64) (38) (83) (444) (62) (34) (363) (853) (521) (71) (259) (4) (12) (339) (33) (445) (10) (3) (50)
Other investing activities (3) (10) (85) 75 (3) 16 (7) (10) (125) (144) (60) (2) (86) (6,023) (246) (42) (61)
Net cash used in investing activities (6,472) (6,077) (5,203) (6,743) (7,531) (9,701) (6,959) (4,779) 5,829 (330) (8,195) (4,874) (5,173) (16,599) (4,178) (4,109) (4,036) (5,050) (4,010) (6,768)
Taxes paid related to net share settlement of equity awards (2,223) (2,088) (1,692) (1,009) (657) (1,011) (1,002) (925) (1,508) (1,575) (1,355) (1,077) (1,120) (1,000) (754) (690) (627) (591) (607) (512)
Repurchases of Class A common stock (5,942) (3,569) (898) (9,365) (6,863) (6,354) (5,233) (9,506) (20,061) (13,458) (7,079) (3,939) (1,929) (1,725) (1,368) (1,250) (1,296) (1,148) (1,145) (613)
Proceeds from issuance of long-term debt, net 8,455 9,921
Principal payments on finance leases (307) (267) (220) (264) (235) (163) (219) (233) (172) (231) (123) (151) (206) (189) (109) (100) (141) (144) (142) (125)
Other financing activities 71 49 (353) 122 695 (246) (109) 4 (1) 12 8 (18) 48 3 79 18 38 (136) 63 (173)
Net cash used in financing activities (8,401) (5,875) 5,292 (10,516) (7,060) 2,147 (6,563) (10,660) (21,742) (15,252) (8,549) (5,185) (3,207) (2,911) (2,152) (2,022) (2,026) (2,019) (1,831) (1,423)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 396 (354) (14) 85 425 (365) (549) (149) (130) (215) 117 (246) 315 91 95 (222) 178 (156) 26 (44)
Net increase (decrease) in cash, cash equivalents, and restricted cash 4,927 8,096 17,384 (3,176) 345 1,773 (1,875) (1,512) 2,061 (1,707) (3,380) 1,937 5,975 (9,590) (2,358) 4,648 3,199 2,082 2,801 1,073

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Meta Platforms Inc. net cash provided by operating activities increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Meta Platforms Inc. net cash used in investing activities decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net cash used in financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Meta Platforms Inc. net cash used in financing activities decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.