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

	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	10,187)	12,005)	28,750)	43,889)	43,852)	32,045)	32,307)	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)
Marketable securities	34,261)	35,066)	41,480)	33,926)	27,048)	26,035)	25,813)	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)
Accounts receivable, net	17,297)	16,561)	14,514)	16,994)	14,700)	14,505)	13,430)	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)
Prepaid expenses and other current assets	11,373)	9,981)	5,483)	5,236)	5,467)	3,846)	3,780)	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)
Current assets	73,118)	73,613)	90,227)	100,045)	91,067)	76,431)	75,330)	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)
Non-marketable equity investments	25,074)	21,988)	6,168)	6,070)	6,071)	6,207)	6,218)	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	160,270)	147,039)	133,567)	121,346)	112,162)	102,959)	98,908)	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)
Operating lease right-of-use assets	17,372)	15,662)	15,505)	14,922)	14,812)	14,058)	13,555)	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)
Goodwill	21,158)	20,654)	20,654)	20,654)	20,654)	20,654)	20,654)	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)
Other assets	6,852)	15,788)	14,092)	13,017)	11,642)	9,929)	8,179)	7,582)	6,281)	9,357)	8,137)	7,480)	6,404)	5,309)	4,432)	3,385)	3,552)	2,866)	2,881)	3,381)	3,713)	4,097)	3,725)
Non-current assets	230,726)	221,131)	189,986)	176,009)	165,341)	153,807)	147,514)	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)
Total assets	303,844)	294,744)	280,213)	276,054)	256,408)	230,238)	222,844)	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)

The quarterly financial data reveals several noteworthy trends and patterns in the company’s asset composition and overall financial position over the examined periods.

Cash and Cash Equivalents: There is a fluctuating but generally volatile pattern observed in cash and cash equivalents. The value decreases initially from the first quarter of 2020 until the end of 2022. A sharp increase is then observed starting from early 2023, peaking at the end of 2023, before declining again towards the end of the forecast period in 2025. This suggests periods of strong liquidity accumulation followed by spending or investment phases.
Marketable Securities: Marketable securities remain relatively stable with slight fluctuations, showing a gradual decline from 2020 through 2023, followed by an increase from late 2024. The upward trend in 2024 and 2025 indicates a possible reinvestment strategy or accumulation of tradable financial assets.
Accounts Receivable, Net: Accounts receivable demonstrate a generally increasing trend, with minor fluctuations. The balances increase significantly from 2020 towards the end of 2023, indicating growing credit sales or delayed collections, and maintain relatively high levels in the forecast horizon, which may signal increased revenue base or extended payment terms to customers.
Prepaid Expenses and Other Current Assets: These assets show volatility with occasional spikes, notably around mid-2025, where a sharp increase occurs. This could be indicative of increased prepaid costs or other short-term assets accumulating prior to that period.
Current Assets: Current assets depict a cyclical pattern, initially decreasing in 2022, then rising sharply in 2023, and trending upwards with fluctuations into 2025. This fluctuation indicates variable liquidity management and working capital adjustments over time.
Non-Marketable Equity Investments: Non-marketable equity investments start appearing from mid-2020 and remain broadly stable until early 2025, when a significant jump occurs in mid-2025, nearly quadrupling the previous values by September. This substantial increase suggests either a large acquisition or capital deployment into non-marketable investments.
Property and Equipment, Net: This category shows a consistent and substantial upward trend throughout the full range of periods, indicating aggressive investment in fixed assets. The steady growth reflects ongoing capital expenditure and asset base expansion strategies.
Operating Lease Right-of-Use Assets: Operating lease right-of-use assets show a gradual increase with minor fluctuations, pointing to sustained leasing arrangements and possible expansion of leased operational facilities or equipment.
Goodwill: Goodwill is relatively stable with minor incremental increases, indicating occasional acquisitions but no substantial impairment or disposal. This stability suggests maintained value from intangible assets related to business combinations.
Other Assets: Other assets experience variability with pronounced growth up to late 2024, followed by a sudden decline by mid-2025. This pattern may reflect timing differences in asset capitalization or derecognition of certain long-term assets.
Non-Current Assets: Non-current assets display steady growth across all periods, highlighting continuous investments in long-term assets and company expansion. The rise is particularly pronounced toward the end of the forecast period, supporting strategic growth initiatives.
Total Assets: Total assets follow an overall upward trajectory with minor dips. There is a steady increase starting from early 2020 continuing into 2025, showing considerable growth in the company’s asset base. The growth is largely driven by increases in property, equipment, and non-current assets, alongside fluctuations in current assets.

In summary, the asset structure indicates a company investing strongly in fixed and non-current assets, with dynamic liquidity management evidenced by fluctuating cash and marketable securities. The increasing accounts receivable and prepaid expenses imply growth in operational scale and possible changes in credit or payment terms. The growth in non-marketable equity investments near the end suggests strategic financial deployments potentially linked to acquisitions or long-term investment opportunities. Overall, the data reveals a pattern of expansion supported by a mix of asset types along with active management of working capital components.

Assets: Selected Items

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Meta Platforms Inc. (NASDAQ:META)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data