Stock Analysis on Net
Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

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Common-Size Balance Sheet: Assets

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Meta Platforms Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Prepaid expenses and other current assets
Current assets
Non-marketable equity securities
Property and equipment, net
Operating lease right-of-use assets
Goodwill
Other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibited a fluctuating trend. It decreased from 11.03% in 2020 to 7.9% in 2022, followed by a significant increase to 18.23% in 2023 before slightly declining to 15.9% in 2024. This indicates a strategic shift towards holding more liquid assets during the 2023 fiscal year, with a slight reduction in the following year.
Marketable securities
Marketable securities consistently declined as a percentage of total assets, dropping from 27.86% in 2020 to 10.25% in 2023, with a modest uptick to 12.29% in 2024. This downward trend until 2023 suggests a reduction in short-term investment securities, partially reversed in 2024.
Accounts receivable, net
The percentage of accounts receivable showed minor variation, increasing slightly from 7.11% in 2020 to a peak of 8.46% in 2021, then decreasing steadily to 6.16% by 2024. This pattern may reflect tighter credit policies or improved collection efficiencies over time.
Prepaid expenses and other current assets
This category saw an increase from 1.49% in 2020 to 2.88% in 2022, followed by a decrease to 1.65% in 2023 and a marginal rise to 1.9% in 2024. The initial increase suggests higher prepaid costs or other current assets, which were later reduced.
Current assets
Current assets as a share of total assets declined from 47.5% in 2020 to a low point of 32.06% in 2022. It then recovered to 37.18% in 2023 and slightly declined to 36.24% in 2024. This trend points to a reduction in overall liquidity and short-term assets in early years, with partial recovery afterward.
Non-marketable equity securities
The portion of non-marketable equity securities decreased over the period, moving from 3.91% in 2020 to 2.2% in 2024, indicating a gradual divestment or depreciation in this asset class.
Property and equipment, net
Property and equipment exhibited consistent growth as a percentage of total assets, rising from 28.64% in 2020 to 43.96% in 2024. This reflects increased investment in fixed assets or capital expenditures over time, suggesting a focus on physical or technological infrastructure.
Operating lease right-of-use assets
This asset category increased from 5.87% in 2020 to 7.32% in 2021, then progressively decreased to 5.41% by 2024, indicating diminishing lease-related assets, possibly due to lease expirations or strategic shifts in leasing arrangements.
Goodwill
Goodwill declined steadily from 11.96% in 2020 to 7.48% in 2024, which may reflect impairments, disposals, or a relative increase in total assets diluting goodwill’s share.
Other assets
Other assets showed variability, starting at 2.12% in 2020 and ending higher at 4.72% in 2024, with an intermediate peak of 4.03% in 2022, indicating changes in the composition or valuation of miscellaneous non-current assets.
Non-current assets
The share of non-current assets increased markedly from 52.5% in 2020 to a peak of 67.94% in 2022, then retreated to 63.76% by 2024. This trend exhibits a growing emphasis on long-term investments and assets through 2022, partially consolidating afterward.
Total assets
As expected, total assets remain constant at 100% for each period, serving as the denominator for the analysis of asset composition trends.