Meta Platforms (META) FY2021 results: revenue $117.9 billion, up 37.2% on the year
Meta Platforms, Inc. (META) reported revenue of $117.9 billion for fiscal 2021, the year ended 31 December 2021, up 37.2% on the year before. Net income was $39.4 billion, up 35.1%, and diluted earnings per share $13.77. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2022.
Revenue
$117.9 billion
+37.2% on the year
FY2014FY2021
Operating margin
39.6%
38.0% a year earlier
FY2014FY2021
Net income
$39.4 billion
+35.1% on the year
FY2014FY2021
Diluted EPS
$13.77
+36.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
57,683
38,747
36,314
+48.9%
Capital expenditure
18,690
15,163
15,102
+23.3%
Free cash flow
38,993
23,584
21,212
+65.3%
Free cash flow margin
33.1%
27.4%
30.0%
Cash from investing
-7,570
-30,059
-19,864
Cash from financing
-50,728
-10,292
-7,299
Depreciation and amortisation
7,967
6,862
5,741
+16.1%
Share-based compensation
9,164
6,536
4,836
+40.2%
Buybacks
44,537
6,272
4,202
+610.1%
Diluted shares, weighted
2,859m
2,888m
2,876m
-1.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
124,879
128,290
101,054
-2.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
12,746
9,631
9,524
+32.3%
Finance lease liabilities
506
469
n/a
+7.9%
Other liabilities
27,856
20,926
22,798
+33.1%
Total liabilities and equity
165,987
159,316
133,376
+4.2%
Fixed assets
n/a
n/a
35,323
Goodwill
19,197
19,050
18,715
+0.8%
Intangible assets
634
623
894
+1.8%
Investments
31,397
44,378
35,776
-29.3%
Cash and equivalents
16,601
17,576
19,079
-5.5%
Receivables
14,039
11,335
9,518
+23.9%
Other assets
84,119
66,354
14,071
+26.8%
Total assets
165,987
159,316
133,376
+4.2%
10-K for the year ended 31 December 2021, filed 3 February 2022: the filing.