Stock Analysis on Net
Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

Common-Size Income Statement

Meta Platforms Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue 100.00 100.00 100.00 100.00 100.00
Cost of revenue -19.24 -21.65 -19.21 -19.42 -18.06
Gross profit 80.76% 78.35% 80.79% 80.58% 81.94%
Research and development -28.53 -30.30 -20.91 -21.46 -19.24
Marketing and sales -9.12 -13.09 -11.91 -13.48 -13.97
General and administrative -8.46 -10.13 -8.33 -7.64 -14.80
Income from operations 34.66% 24.82% 39.65% 38.01% 33.93%
Interest income 1.21 0.39 0.40 0.80 1.31
Interest expense -0.33 -0.15 -0.01 -0.02 -0.03
Foreign currency exchange losses, net -0.27 -0.07 -0.12 -0.15 -0.15
Other income (expense), net -0.11 -0.27 0.18 -0.04 0.04
Interest and other income (expense), net 0.50% -0.11% 0.45% 0.59% 1.17%
Income before provision for income taxes 35.16% 24.71% 40.10% 38.60% 35.10%
Provision for income taxes -6.17 -4.82 -6.71 -4.69 -8.95
Net income 28.98% 19.90% 33.38% 33.90% 26.15%

Based on: 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), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Meta Platforms Inc. income from operations as a percentage of revenue decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Income before provision for income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Meta Platforms Inc. income before provision for income taxes as a percentage of revenue decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Meta Platforms Inc. net income as a percentage of revenue decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.