Stock Analysis on Net
Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

$24.99

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.

Paying user area

Try for free

Meta Platforms Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check

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

US$ in millions

Microsoft Excel
3 months ended: Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Net income
Depreciation and amortization
Share-based compensation
Deferred income taxes
Unrealized (gain) loss on equity investments
Impairment charges for facilities consolidation, net
Other
Accounts receivable
Prepaid expenses and other current assets
Other assets
Accounts payable
Accrued expenses and other current liabilities
Other liabilities
Changes in assets and liabilities
Adjustments to reconcile net income to net cash provided by operating activities
Net cash provided by operating activities
Purchases of property and equipment
Purchases of marketable securities
Sales and maturities of marketable securities
Purchases of non-marketable equity investments
Payments for held-for-sale assets
Proceeds from Venture distribution
Acquisitions of businesses and intangible assets
Other investing activities
Net cash used in investing activities
Taxes paid related to net share settlement of equity awards
Repurchases of Class A common stock
Payments for dividends and dividend equivalents
Proceeds from issuance of long-term debt, net
Principal payments on finance leases
Other financing activities
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).

The financial data reveals a period of significant transition characterized by an initial contraction in profitability and cash flow in 2022, followed by a robust recovery and a strategic shift toward aggressive capital expenditure and altered financing strategies through 2026.

Operating Cash Flow Performance
Net income exhibited a notable decline throughout 2022, reaching a trough of 4,395 million USD in September 2022. However, a sustained recovery began in 2023, with net income scaling to a peak of 26,773 million USD by December 2025. Net cash provided by operating activities followed a similar trajectory, growing from a range of 12,000 to 18,000 million USD in 2021 to a peak of 36,214 million USD in December 2025, indicating strong operational efficiency and cash generation capabilities.
Capital Expenditure and Investment Trends
A consistent and accelerating upward trend in the purchase of property and equipment is observed. Capital expenditures rose from approximately 4,000 million USD per quarter in early 2021 to 30,116 million USD by June 2026. This escalation suggests a massive strategic investment in infrastructure. Simultaneously, investing activities became increasingly negative, driven by these capital outflows and significant purchases of marketable securities, particularly in 2025 and 2026.
Shareholder Returns and Capital Allocation
The strategy for returning capital to shareholders shifted over the analyzed period. Early phases were dominated by aggressive share repurchases, which peaked in late 2021. Beginning in March 2024, a new consistent outflow for dividends and dividend equivalents emerged, stabilizing at approximately 1.3 billion USD per quarter. This represents a transition toward a more diversified shareholder return policy.
Financing and Liquidity Management
To support the intensifying capital expenditure requirements, there is a visible shift in financing activities. While the company primarily used operational cash and equity repurchases in earlier years, the latter part of the period shows substantial reliance on long-term debt issuance. Significant proceeds from long-term debt were recorded in September 2024, March 2026, and June 2026, with the latter two quarters seeing inflows of 29,906 million USD and 24,910 million USD, respectively. This indicates a strategic move to increase leverage to fund long-term growth initiatives.

Overall, the data illustrates a company that has successfully pivoted from a period of earnings volatility to a phase of high-growth investment, leveraging both strong operating cash flows and new debt issuance to fund a dramatic increase in infrastructure spending while maintaining a steady dividend payout.