Cash Flow Statement

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

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	39,098)	23,200)	39,370)	29,146)	18,485)
Depreciation and amortization	11,178)	8,686)	7,967)	6,862)	5,741)
Share-based compensation	14,027)	11,992)	9,164)	6,536)	4,836)
Deferred income taxes	131)	(3,286)	609)	(1,192)	(37)
Impairment charges for facilities consolidation, net	2,432)	2,218)	—)	—)	—)
Data center assets abandonment	(224)	1,341)	—)	—)	—)
Other	635)	641)	(127)	118)	39)
Accounts receivable	(2,399)	231)	(3,110)	(1,512)	(1,961)
Prepaid expenses and other current assets	559)	162)	(1,750)	135)	47)
Other assets	(80)	(106)	(349)	(34)	41)
Accounts payable	51)	210)	1,436)	(17)	113)
Partners payable	(271)	90)	(12)	178)	348)
Accrued expenses and other current liabilities	5,352)	4,210)	3,544)	(946)	7,423)
Other liabilities	624)	886)	941)	(527)	1,239)
Changes in assets and liabilities	3,836)	5,683)	700)	(2,723)	7,250)
Adjustments to reconcile net income to net cash provided by operating activities	32,015)	27,275)	18,313)	9,601)	17,829)
Net cash provided by operating activities	71,113)	50,475)	57,683)	38,747)	36,314)
Purchases of property and equipment	(27,266)	(31,431)	(18,690)	(15,163)	(15,102)
Proceeds relating to property and equipment	221)	245)	123)	48)	—)
Purchases of marketable debt securities	(2,982)	(9,626)	(30,407)	(33,930)	(23,910)
Sales and maturities of marketable debt securities	6,184)	13,158)	42,586)	25,771)	19,717)
Acquisitions of businesses and intangible assets	(629)	(1,312)	(851)	(388)	(508)
Other investing activities	(23)	(4)	(331)	(6,397)	(61)
Net cash used in investing activities	(24,495)	(28,970)	(7,570)	(30,059)	(19,864)
Taxes paid related to net share settlement of equity awards	(7,012)	(3,595)	(5,515)	(3,564)	(2,337)
Repurchases of Class A common stock	(19,774)	(27,956)	(44,537)	(6,272)	(4,202)
Proceeds from issuance of long-term debt, net	8,455)	9,921)	—)	—)	—)
Principal payments on finance leases	(1,058)	(850)	(677)	(604)	(552)
Other financing activities	(111)	344)	1)	148)	(208)
Net cash used in financing activities	(19,500)	(22,136)	(50,728)	(10,292)	(7,299)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	113)	(638)	(474)	279)	4)
Net increase (decrease) in cash, cash equivalents, and restricted cash	27,231)	(1,269)	(1,089)	(1,325)	9,155)
Cash, cash equivalents, and restricted cash at beginning of the period	15,596)	16,865)	17,954)	19,279)	10,124)
Cash, cash equivalents, and restricted cash at end of the period	42,827)	15,596)	16,865)	17,954)	19,279)

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).

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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 decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 2021 to 2022 but then slightly increased from 2022 to 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 increased from 2021 to 2022 and from 2022 to 2023.

Meta Platforms Inc. (NASDAQ:META)

Cash Flow Statement