Meta Platforms, Inc. (NEO: META)

Meta Platforms Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	2023	2022	2021	2020	2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	149,784	134,902	116,609	117,929	85,965	70,697
Revenue Growth (YoY)	24.28%	15.69%	-1.12%	37.18%	21.60%	26.61%
Cost of Revenue	27,724	26,006	23,754	22,649	16,692	12,770
Gross Profit	122,060	108,896	92,855	95,280	69,273	57,927
Selling, General & Admin	21,603	22,204	25,681	23,872	18,155	15,341
Research & Development	38,725	36,489	33,619	24,655	18,447	13,600
Operating Expenses	60,328	58,693	59,300	48,527	36,602	28,941
Operating Income	61,732	50,203	33,555	46,753	32,671	28,986
Interest Expense	-529	-446	-185	-23	-	-
Interest & Investment Income	2,247	1,639	461	484	672	904
Currency Exchange Gain (Loss)	-475	-366	-81	-140	-129	-105
Other Non Operating Income (Expenses)	178	-49	127	210	-34	27
EBT Excluding Unusual Items	63,153	50,981	33,877	47,284	33,180	29,812
Merger & Restructuring Charges	-2,935	-3,452	-4,611	-	-	-
Gain (Loss) on Sale of Investments	-101	-101	-447	-	-	-
Legal Settlements	-	-	-	-	-	-5,000
Pretax Income	60,117	47,428	28,819	47,284	33,180	24,812
Income Tax Expense	8,683	8,330	5,619	7,914	4,034	6,327
Net Income	51,434	39,098	23,200	39,370	29,146	18,485
Net Income to Common	51,434	39,098	23,200	39,370	29,146	18,485
Net Income Growth	128.13%	68.53%	-41.07%	35.08%	57.67%	-16.40%
Shares Outstanding (Basic)	2,556	2,574	2,687	2,815	2,851	2,854
Shares Outstanding (Diluted)	2,637	2,629	2,702	2,859	2,888	2,876
Shares Change (YoY)	-0.11%	-2.70%	-5.49%	-1.00%	0.42%	-1.54%
EPS (Basic)	20.13	15.19	8.63	13.99	10.22	6.48
EPS (Diluted)	19.51	14.87	8.59	13.77	10.09	6.43
EPS Growth	128.47%	73.11%	-37.62%	36.47%	56.92%	-15.06%
Free Cash Flow	49,540	43,847	19,044	38,993	23,584	21,212
Free Cash Flow Per Share	18.79	16.68	7.05	13.64	8.17	7.38
Gross Margin	81.49%	80.72%	79.63%	80.79%	80.58%	81.94%
Operating Margin	41.21%	37.21%	28.78%	39.65%	38.01%	41.00%
Profit Margin	34.34%	28.98%	19.90%	33.38%	33.90%	26.15%
Free Cash Flow Margin	33.07%	32.50%	16.33%	33.06%	27.43%	30.00%
EBITDA	74,774	61,381	42,241	54,720	39,533	34,727
EBITDA Margin	49.92%	45.50%	36.22%	46.40%	45.99%	49.12%
D&A For EBITDA	13,042	11,178	8,686	7,967	6,862	5,741
EBIT	61,732	50,203	33,555	46,753	32,671	28,986
EBIT Margin	41.21%	37.21%	28.78%	39.65%	38.01%	41.00%
Effective Tax Rate	14.44%	17.56%	19.50%	16.74%	12.16%	25.50%
Advertising Expenses	-	2,020	2,650	2,990	2,260	1,570

Source: S&P Capital IQ. Standard template. Financial Sources.