Meta Platforms (META) FY2022 results: revenue $116.6 billion, down 1.1% on the year
Meta Platforms, Inc. (META) reported revenue of $116.6 billion for fiscal 2022, the year ended 31 December 2022, down 1.1% on the year before. Net income was $23.2 billion, down 41.1%, and diluted earnings per share $8.59. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2023.
Revenue
$116.6 billion
-1.1% on the year
FY2015FY2022
Operating margin
24.8%
39.6% a year earlier
FY2015FY2022
Net income
$23.2 billion
-41.1% on the year
FY2015FY2022
Diluted EPS
$8.59
-37.6% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
50,475
57,683
38,747
-12.5%
Capital expenditure
31,186
18,690
15,163
+66.9%
Free cash flow
19,289
38,993
23,584
-50.5%
Free cash flow margin
16.5%
33.1%
27.4%
Cash from investing
-28,970
-7,570
-30,059
Cash from financing
-22,136
-50,728
-10,292
Depreciation and amortisation
8,686
7,967
6,862
+9.0%
Share-based compensation
11,992
9,164
6,536
+30.9%
Buybacks
27,956
44,537
6,272
-37.2%
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
2,702m
2,859m
2,888m
-5.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
125,713
124,879
128,290
+0.7%
Debt
9,923
0.0
0.0
Operating lease liabilities
15,301
12,746
9,631
+20.0%
Finance lease liabilities
558
506
469
+10.3%
Other liabilities
34,232
27,856
20,926
+22.9%
Total liabilities and equity
185,727
165,987
159,316
+11.9%
Goodwill
20,306
19,197
19,050
+5.8%
Intangible assets
897
634
623
+41.5%
Investments
26,057
31,397
44,378
-17.0%
Cash and equivalents
14,681
16,601
17,576
-11.6%
Receivables
13,466
14,039
11,335
-4.1%
Other assets
110,320
84,119
66,354
+31.1%
Total assets
185,727
165,987
159,316
+11.9%
10-K for the year ended 31 December 2022, filed 2 February 2023: the filing.