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179 | META | 2019 | •other events or factors, including those resulting from war or incidents of terrorism, or responses to these events. | [-0.03163478523492813, -0.028131429105997086, -0.0003868561761919409, -0.0244450606405735, -0.03116418421268463, 0.0122159942984581, -0.01964755356311798, -0.006196234840899706, -0.010157118551433086, -0.019294604659080505, 0.008588451892137527, 0.017725937068462372, -0.007889088243246078, -0.0045654745772480965, -0.00... |
180 | META | 2019 | In addition, the stock markets have experienced extreme price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many technology companies. Stock prices of many technology companies have fluctuated in a manner unrelated or disproportionate to the operating perfor... | [-0.01889145001769066, -0.03820475935935974, 0.01361819077283144, -0.03614819049835205, -0.015358366072177887, 0.020710723474621773, -0.035304468125104904, 0.009300710633397102, -0.0010925533715635538, -0.013591825030744076, -0.024797499179840088, 0.021488530561327934, 0.01845640502870083, 0.004544890020042658, 0.01621... |
181 | META | 2019 | We do not intend to pay cash dividends for the foreseeable future. | [-0.04046826437115669, -0.035738538950681686, -0.0009484749753028154, -0.006708879955112934, -0.019045377150177956, 0.0023664450272917747, -0.0234842412173748, 0.009276085533201694, 0.014657099731266499, 0.014505344443023205, 0.029213029891252518, 0.02663317695260048, 0.015757331624627113, 0.005694011691957712, 0.00931... |
182 | META | 2019 | We have never declared or paid cash dividends on our capital stock. We currently intend to retain any future earnings to finance the operation and expansion of our business and fund our share repurchase program, and we do not expect to declare or pay any cash dividends in the foreseeable future. As a result, you may on... | [-0.02889358252286911, -0.017114486545324326, -0.002342287451028824, -0.05443643778562546, -0.01261677872389555, 0.015709757804870605, -0.03750237450003624, 0.013557559810578823, 0.005174296908080578, 0.009298269636929035, -0.009034077636897564, 0.01945999450981617, 0.014936513267457485, 0.008409037254750729, 0.0022617... |
183 | META | 2019 | The dual class structure of our common stock and a voting agreement between certain stockholders have the effect of concentrating voting control with our CEO and certain other holders of our Class B common stock; this will limit or preclude your ability to influence corporate matters. | [-0.019620221108198166, -0.019516274333000183, 0.002121192868798971, -0.046984583139419556, -0.04435989260673523, 0.010453290306031704, -0.03297756612300873, 0.0209585539996624, -0.009024002589285374, -0.006932045333087444, -0.016215918585658073, 0.017125464975833893, 0.005012251902371645, 0.019750157371163368, 0.01816... |
184 | META | 2019 | Our Class B common stock has ten votes per share and our Class A common stock has one vote per share. Stockholders who hold shares of Class B common stock, including certain of our executive officers, employees, and directors and their affiliates, together hold a substantial majority of the voting power of our outstand... | [-0.0025472494307905436, -0.012617125175893307, -0.0018716816557571292, -0.047100454568862915, -0.025260359048843384, 0.0030987998470664024, -0.029503056779503822, 0.015782829374074936, -0.01629195362329483, -0.0070885661989450455, -0.0392155647277832, 0.017584344372153282, -0.0030253685545176268, 0.0002600691223051399... |
185 | META | 2019 | Transfers by holders of Class B common stock will generally result in those shares converting to Class A common stock, subject to limited exceptions, such as certain transfers effected for estate planning or charitable purposes. The conversion of Class B common stock to Class A common stock will have the effect, over t... | [-0.013459804467856884, -0.009506899863481522, 0.016010921448469162, -0.04089760780334473, -0.020913852378726006, 0.009506899863481522, -0.04384733736515045, 0.02030264586210251, -0.025776920840144157, -0.009473682381212711, -0.016781572252511978, 0.01176570262759924, 0.009035209193825722, 0.01028419379144907, 0.027929... |
186 | META | 2019 | Our status as a "controlled company" could make our Class A common stock less attractive to some investors or otherwise harm our stock price. | [-0.018410464748740196, -0.013578549027442932, 0.0037086785305291414, -0.029802355915308, -0.03724629804491997, 0.012329029850661755, -0.039373137056827545, 0.024711230769753456, 0.013758000917732716, -0.0026419349014759064, -0.02090950310230255, 0.018264245241880417, 0.020005594938993454, -0.0005798963829874992, 0.020... |
187 | META | 2019 | Because we qualify as a "controlled company" under the corporate governance rules for Nasdaq-listed companies, we are not required to have a majority of our board of directors be independent, nor are we required to have a compensation committee or an independent nominating function. In the future we could elect not to ... | [-0.019468145444989204, -0.012619953602552414, -0.009694449603557587, -0.05335909500718117, -0.04332124441862106, 0.009060479700565338, -0.031698472797870636, 0.01847756654024124, 0.003952403087168932, -0.0012596840970218182, -0.012725615873932838, 0.0072378176264464855, 0.027049362659454346, 0.0009154584840871394, 0.0... |
188 | META | 2019 | Delaware law and provisions in our restated certificate of incorporation and bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing the trading price of our Class A common stock. | [-0.02751167118549347, -0.014084608294069767, 0.0024723683018237352, -0.034350138157606125, -0.020199773833155632, 0.015886280685663223, -0.056233227252960205, 0.012762943282723427, -0.014794756658375263, -0.017148766666650772, 0.002847168827429414, 0.018595365807414055, 0.025920413434505463, 0.010652224533259869, 0.01... |
189 | META | 2019 | Our status as a Delaware corporation and the anti-takeover provisions of the Delaware General Corporation Law may discourage, delay, or prevent a change in control by prohibiting us from engaging in a business combination with an interested stockholder for a period of three years after the person becomes an interested ... | [-0.047679975628852844, -0.028656011447310448, 0.0013290760107338428, -0.03127080574631691, -0.02522742934525013, -0.003455264028161764, -0.02488056942820549, 0.012500317767262459, -0.010739333927631378, -0.0023396406322717667, 0.000154982422827743, 0.01664930209517479, 0.00791108701378107, 0.010012260638177395, 0.0152... |
190 | META | 2019 | •we currently have a dual class common stock structure, which provides Mr. Zuckerberg with the ability to control the outcome of matters requiring stockholder approval, even if he owns significantly less than a majority of the shares of our outstanding Class A and Class B common stock; | [-0.015735533088445663, 0.005560900550335646, -0.0032292825635522604, -0.04237505421042442, -0.022428415715694427, 0.01655399240553379, -0.03793953359127045, 0.010204335674643517, -0.0025626346468925476, 0.004468522034585476, -0.024368956685066223, 0.014692658558487892, 0.011121801100671291, 0.004214403685182333, 0.011... |
191 | META | 2019 | •certain litigation against us can only be brought in Delaware. | [-0.010338717140257359, -0.007275639567524195, 0.013873548246920109, -0.03359418734908104, -0.03944127634167671, 0.020199036225676537, -0.032982900738716125, 0.0001784649648470804, 0.0033653986174613237, -0.0013023061910644174, 0.016624337062239647, 0.02306942455470562, 0.011807133443653584, -6.0247498367971275e-06, -0... |
192 | META | 2019 | None. | [-0.0004342523461673409, 0.00277856201864779, 0.030299711972475052, -0.0021859544795006514, 0.0010913447476923466, 0.015737567096948624, -0.005292654503136873, -0.032519951462745667, -0.002595718950033188, -0.02627716399729252, -0.0008129987400025129, 0.012237426824867725, -0.006311351899057627, -0.011323211714625359, ... |
193 | META | 2019 | Item 7.Management's Discussion and Analysis of Financial Condition and Results of Operations | [-0.021991020068526268, 0.005093913059681654, -0.025356369093060493, -0.03331082686781883, -0.016936879605054855, 0.0053417254239320755, -0.027436764910817146, -0.005861824378371239, -0.0012520625023171306, -0.00799117237329483, -0.012451788410544395, 0.03135280683636665, -0.008737667463719845, 0.009288360364735126, -0... |
194 | META | 2019 | You should read the following discussion of our financial condition and results of operations in conjunction with our consolidated financial statements and the related notes included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K. In addition to our historical conso... | [-0.01110837236046791, -0.0071710641495883465, -0.00871371477842331, -0.034596674144268036, -0.007906889542937279, 0.01386448834091425, -0.028632620349526405, 0.013696668669581413, 0.0011424648109823465, -0.0038437163457274437, 0.011231009848415852, 0.04102545976638794, -0.022307109087705612, -0.008958989754319191, 0.0... |
195 | META | 2019 | Certain revenue information in the section entitled "—Revenue—Foreign Exchange Impact on Revenue" is presented on a constant currency basis. This information is a non-GAAP financial measure. To calculate revenue on a constant currency basis, we translated revenue for the full year 2019 using 2018 monthly exchange rates... | [0.003514278680086136, -0.015023460611701012, 0.0007738821441307664, -0.006493845954537392, 0.02143999934196472, -0.020911728963255882, -0.019623268395662308, -0.020138652995228767, -0.005157066974788904, -0.03906615078449249, 0.019520191475749016, 0.0414111502468586, -0.009360672906041145, -0.004496730398386717, -0.00... |
196 | META | 2019 | •Total costs and expenses were $46.71 billion.[DATA_TABLE_REMOVED][DATA_TABLE_REMOVED] | [-0.007430495694279671, -0.011348272673785686, 0.016574189066886902, -0.0163351371884346, -0.017503829672932625, -0.00698559544980526, -0.029057951644062996, -0.016441382467746735, -0.01853971742093563, -0.003072798717767, -0.006846148986369371, 0.026534637436270714, 0.012145108543336391, -0.0218465868383646, 0.0045552... |
197 | META | 2019 | •Capital expenditures, including principal payments on finance leases, were $15.65 billion. | [0.0075916992500424385, 0.002573701087385416, 0.009425721131265163, -0.04442549869418144, 0.004853447433561087, 0.013074593618512154, -0.013636941090226173, -0.017241081222891808, 0.010793249122798443, -0.02135644666850567, 0.018557487055659294, 0.04462999105453491, -0.008991179056465626, 0.028347456827759743, 0.002220... |
198 | META | 2019 | •Effective tax rate was 25.5%.[DATA_TABLE_REMOVED][DATA_TABLE_REMOVED] | [-0.04160948842763901, -0.0087522491812706, 0.015247131697833538, -0.028065282851457596, -0.01362341083586216, -0.0046896482817828655, -0.02683759108185768, -0.031603146344423294, -0.03722676262259483, -0.024250200018286705, 0.020725538954138756, 0.02933257631957531, 0.008118602447211742, 0.004399226512759924, -0.00603... |
199 | META | 2019 | In 2019, we continued to focus on our main revenue growth priorities: (i) helping marketers use our products to connect with consumers where they are and (ii) making our ads more relevant and effective. | [-0.03193400055170059, -0.012208913452923298, 0.0023171622306108475, -0.011793511919677258, -0.008690981194376945, 0.0010555420303717256, -0.008321014232933521, -0.002089989371597767, -0.009022003971040249, -0.01697954162955284, 0.015876131132245064, 0.02498900331556797, 0.007198131177574396, -0.026066452264785767, 0.0... |
200 | META | 2019 | We invested based on the following company priorities that we believe will further our mission to give people the power to build community and bring the world closer together: (i) continue making progress on the major social issues facing the internet and our company, including privacy, safety, and security; (ii) build... | [0.0026574016083031893, -0.03643302619457245, 0.006019254215061665, -0.03280824422836304, -0.002659055171534419, 0.01640412211418152, -0.022158794105052948, -0.002351477975025773, 0.017819639295339584, -0.01949973776936531, 0.00783825945109129, 0.016033705323934555, 0.0048484764993190765, -0.01779318042099476, 0.018666... |
201 | META | 2019 | The numbers for our key Facebook metrics, our DAUs, MAUs, and average revenue per user (ARPU), do not include users on Instagram, WhatsApp, or our other products, unless they would otherwise qualify as DAUs or MAUs, respectively, based on their other activities on Facebook. | [-0.032849639654159546, 0.006440847180783749, 0.008778782561421394, -0.035325873643159866, -0.007125763688236475, -0.009522970765829086, -0.011604062281548977, -0.0075340792536735535, -0.01239435002207756, -0.02004697360098362, 0.016148218885064125, 0.026184875518083572, -0.007751408498734236, -0.013751011341810226, -0... |
202 | META | 2019 | Trends in the number of users affect our revenue and financial results by influencing the number of ads we are able to show, the value of our ads to marketers, the volume of Payments transactions, as well as our expenses and capital expenditures. Substantially all of our daily and monthly active users (as defined below... | [-0.018787799403071404, -0.003909841179847717, 0.019468888640403748, -0.02829735539853573, -0.01162350457161665, -0.007768279407173395, -0.04068547859787941, -0.0010730377398431301, -0.0012103801127523184, -0.03392598405480385, 0.014071572571992874, 0.024853352457284927, 0.00010672147618606687, -0.01016494445502758, -0... |
203 | META | 2019 | •Daily Active Users (DAUs). We define a daily active user as a registered and logged-in Facebook user who visited Facebook through our website or a mobile device, or used our Messenger application (and is also a registered Facebook user), on a given day. We view DAUs, and DAUs as a percentage of MAUs, as measures of us... | [-0.021585069596767426, 0.00611290754750371, 0.005389662459492683, -0.029933761805295944, -0.026644481346011162, -0.003669065423309803, -0.02927326411008835, 0.009359254501760006, -0.002248995006084442, -0.02215309627354145, 0.004613577388226986, 0.025217806920409203, 0.001319344388321042, 0.0067502879537642, -0.004983... |
204 | META | 2019 | Note: For purposes of reporting DAUs, MAUs, and ARPU by geographic region, Europe includes all users in Russia and Turkey and Rest of World includes all users in Africa, Latin America, and the Middle East. | [0.011217893101274967, -0.015874497592449188, 0.0029557652305811644, -0.043877825140953064, -0.022448526695370674, 0.009077511727809906, -0.011580994352698326, 0.014944450929760933, -0.015377623960375786, -0.03523985669016838, 0.003576858201995492, 0.009982078336179256, -0.020588433369994164, -0.012460079044103622, -0.... |
205 | META | 2019 | Worldwide DAUs increased 9% to 1.66 billion on average during December 2019 from 1.52 billion during December 2018. Users in India, Indonesia, and the Philippines represented key sources of growth in DAUs during December 2019, relative to the same period in 2018. | [-0.008051414974033833, -0.005538181867450476, 0.0027026974130421877, -0.03588482737541199, -0.02624644711613655, -0.0053309048525989056, -0.017307627946138382, 0.014211428351700306, -0.017035577446222305, -0.021893631666898727, -0.0009505592752248049, 0.018914025276899338, 0.002411214169114828, 7.980366353876889e-05, ... |
206 | META | 2019 | •Monthly Active Users (MAUs). We define a monthly active user as a registered and logged-in Facebook user who visited Facebook through our website or a mobile device, or used our Messenger application (and is also a registered Facebook user), in the last 30 days as of the date of measurement. MAUs are a measure of the ... | [-0.02348758652806282, 0.01137720886617899, 0.0052041891030967236, -0.019795557484030724, -0.025281231850385666, -0.021157156676054, -0.03558487072587013, -0.0024793543852865696, 0.006683619227260351, -0.019834835082292557, 0.021091695874929428, 0.01585477590560913, -0.004559393506497145, -0.007403695490211248, -0.0061... |
207 | META | 2019 | As of December 31, 2019, we had 2.50 billion MAUs, an increase of 8% from December 31, 2018. Users in India, Indonesia, and the Philippines represented key sources of growth in 2019, relative to the same period in 2018. | [-0.007711075711995363, -0.01918969303369522, -0.0017208148492500186, -0.019333094358444214, -0.02397407963871956, -0.007535083219408989, -0.026320645585656166, 0.006120625883340836, -0.011087522841989994, -0.012469389475882053, 0.02317885495722294, -0.0022667173761874437, 0.003127124859020114, -0.005481838248670101, 0... |
208 | META | 2019 | We calculate our revenue by Facebook user geography based on our estimate of the geography in which ad impressions are delivered, virtual and digital goods are purchased, or consumer hardware devices are shipped. We define ARPU as our total revenue in a given geography during a given quarter, divided by the average of ... | [0.015242336317896843, 0.008000590838491917, 0.023288719356060028, -0.03812546655535698, 0.004209632519632578, -0.010205169208347797, -0.02106451615691185, -0.006309542339295149, -0.014038649387657642, -0.039459988474845886, -0.003571809269487858, 0.02755395695567131, -0.018761811777949333, -0.015726428478956223, -0.00... |
209 | META | 2019 | Note: Our revenue by Facebook user geography in the charts above is geographically apportioned based on our estimation of the geographic location of our Facebook users when they perform a revenue-generating activity. This allocation differs from our revenue disaggregated by geography disclosure in our consolidated fina... | [-0.016536472365260124, -0.008357005193829536, 0.015407832339406013, -0.015927767381072044, 0.0029912118334323168, -0.0070825302973389626, -0.03162727132439613, -0.0006614113226532936, -0.014520137570798397, -0.03697879612445831, 0.017360758036375046, 0.025730445981025696, -0.011780967935919762, -0.010557218454778194, ... |
210 | META | 2019 | Our annual worldwide ARPU in 2019, which represents the sum of quarterly ARPU during such period, was $29.25, an increase of 17% from 2018. Over this period, ARPU increased by 24% in the United States & Canada, 20% in Europe, 18% in Asia‑Pacific, and 16% in Rest of World. In addition, user growth was more rapid in geog... | [0.0033948374912142754, -0.00983221735805273, 0.02946462668478489, -0.04916749522089958, 0.0053452677093446255, -0.013374377973377705, 0.0020657265558838844, 0.009608030319213867, -0.0238791573792696, -0.01465544942766428, 0.0016285611782222986, 0.018690822646021843, -0.01912638545036316, -0.005073040258139372, 0.00996... |
211 | META | 2019 | The numbers for our key Family metrics, our DAP, MAP, and average revenue per person (ARPP), do not include users on our other products unless they would otherwise qualify as MAP or DAP, respectively, based on their other activities on our Family products. | [-0.009785369969904423, 0.004059166647493839, -0.002417542040348053, -0.05220670998096466, -0.0050485460087656975, -0.0016323068412020802, 0.007996355183422565, 0.01221815962344408, -0.011811564676463604, -0.02247111313045025, 0.006576663348823786, 0.028163433074951172, -0.016751686111092567, 0.0026089802850037813, -0.... |
212 | META | 2019 | Trends in the number of people in our community affect our revenue and financial results by influencing the number of ads we are able to show, the value of our ads to marketers, the volume of Payments transactions, as well as our expenses and capital expenditures. Substantially all of our daily and monthly active peopl... | [0.0029339659959077835, -0.0007012914284132421, 0.005988368298858404, -0.023980237543582916, -0.014947502873837948, 0.0036197847221046686, -0.026589693501591682, 0.011120299808681011, 0.005188804119825363, -0.03147406131029129, -0.0027951295487582684, 0.020353760570287704, -0.0008388733840547502, -0.009307061322033405,... |
213 | META | 2019 | •Daily Active People (DAP). We define a daily active person as a registered and logged-in user of Facebook, Instagram, Messenger, and/or WhatsApp (collectively, our "Family" of products) who visited at least one of these Family products through a mobile device application or using a web or mobile browser on a given day... | [-0.015237404964864254, 0.013417608104646206, 0.015196663327515125, -0.04723323881626129, -0.01970541477203369, -0.003931576386094093, -0.023277105763554573, 0.011102119460701942, 0.00222721416503191, -0.026604345068335533, 0.001512536546215415, 0.020886924117803574, -0.019732575863599777, 0.025775931775569916, -0.0156... |
214 | META | 2019 | Note: We report the numbers of DAP and MAP as specific amounts, but these numbers are estimates of the numbers of unique people using our products and are subject to statistical variances and errors. While we expect the error margin for these estimates to vary from period to period, we estimate that such margin general... | [-0.006532229017466307, -0.003915970213711262, 0.005875639151781797, -0.06863554567098618, -0.01819596253335476, 0.009569378569722176, -0.022088361904025078, 0.01913875713944435, -0.0149769876152277, -0.01656627096235752, 0.012983647175133228, 0.025873014703392982, -0.031246952712535858, 0.01302405260503292, -0.0155561... |
215 | META | 2019 | Worldwide DAP increased 11% to 2.26 billion on average during December 2019 from 2.03 billion during December 2018. | [-0.016477180644869804, -0.0070260693319141865, 0.014681339263916016, -0.04493538290262222, -0.01293137576431036, -0.003101760521531105, -0.005623477045446634, -0.006609879434108734, -0.02246769145131111, -0.017224356532096863, 0.01742098107933998, 0.02524665929377079, -0.02371298335492611, 0.008861236274242401, -0.002... |
216 | META | 2019 | •Monthly Active People (MAP). We define a monthly active person as a registered and logged-in user of one or more Family products who visited at least one of these Family products through a mobile device application or using a web or mobile browser in the last 30 days as of the date of measurement. We do not require pe... | [-0.01148656103760004, -0.00012404605513438582, 0.0013967896811664104, -0.046211980283260345, -0.019319212064146996, -0.004696933552622795, -0.018349265679717064, 0.021338827908039093, 0.005085576791316271, -0.03162292018532753, 0.0013685548910871148, 0.004361438564956188, -0.021870305761694908, 0.012243916280567646, -... |
217 | META | 2019 | Note: We report the numbers of DAP and MAP as specific amounts, but these numbers are estimates of the numbers of unique people using our products and are subject to statistical variances and errors. While we expect the error margin for these estimates to vary from period to period, we estimate that such margin general... | [-0.0065889861434698105, -0.003968213219195604, 0.005844525061547756, -0.06871948391199112, -0.018190452829003334, 0.009539881721138954, -0.022178877145051956, 0.019147135317325592, -0.015023966319859028, -0.016573522239923477, 0.012962381355464458, 0.025897813960909843, -0.031206730753183365, 0.013056701980531216, -0.... |
218 | META | 2019 | As of December 31, 2019, we had 2.89 billion MAP, an increase of 9% from 2.64 billion as of December 31, 2018. | [-0.011754782870411873, -0.01664014160633087, -0.001217273878864944, -0.03983746096491814, -0.01165070105344057, 0.008222493343055248, -0.01783708669245243, 0.0036233614664524794, -0.007272743619978428, -0.010635899379849434, 0.024849625304341316, 0.003301357151940465, -0.014168188907206059, 0.0008399758371524513, 0.01... |
219 | META | 2019 | •Average Revenue Per Person (ARPP). We define ARPP as our total revenue during a given quarter, divided by the average of the number of MAP at the beginning and end of the quarter. While ARPP includes all sources of revenue, the number of MAP used in this calculation only includes users of our Family products as descri... | [-0.004210021812468767, 0.011877324432134628, 0.012603419832885265, -0.038476403802633286, 0.004966093692928553, -0.017119867727160454, 0.010658283717930317, 0.008333445526659489, -0.01641375571489334, -0.03557202219963074, 0.0032174692023545504, 0.03098895773291588, -0.010405149310827255, -0.014961564913392067, -0.016... |
220 | META | 2019 | Our annual worldwide ARPP in 2019, which represents the sum of quarterly ARPP during such period, was $25.57, an increase of 14% from 2018. | [-0.025983039289712906, -0.003935647197067738, 0.011554490774869919, -0.04513048008084297, -0.005097569432109594, -0.024312978610396385, 0.0005287716630846262, 0.0016619694652035832, -0.022073283791542053, -0.0070945220068097115, 0.003637884510681033, 0.015651965513825417, -0.013464055955410004, -0.012629025615751743, ... |
221 | META | 2019 | Our consolidated financial statements are prepared in accordance with U.S. GAAP. The preparation of these consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses, and related disclosures. We evaluate our estimat... | [-0.009829808957874775, -0.017340855672955513, 0.000497879518661648, -0.029670191928744316, -0.010764794424176216, 0.00027562578907236457, -0.021205460652709007, 0.008882357738912106, -0.001675181556493044, -0.02320009469985962, 0.0039425203576684, 0.024396875873208046, -0.017079060897231102, 0.0010666621383279562, -0.... |
222 | META | 2019 | An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, if different estimates reasonably could have been used, or if changes in the estimate that are reasonably possible could materiall... | [-0.003614105051383376, -0.005895325448364019, 0.016437822952866554, -0.04134875163435936, 0.007065265905112028, -0.005559660494327545, -0.014286958612501621, 0.012344662100076675, 0.009880944155156612, -0.017128707841038704, 0.006465630605816841, 0.02299470268189907, -0.011197533458471298, 0.03204137086868286, -0.0348... |
223 | META | 2019 | We are subject to income taxes in the United States and numerous foreign jurisdictions. Significant judgment is required in determining our provision for income taxes and income tax assets and liabilities, including evaluating uncertainties in the application of accounting principles and complex tax laws. | [0.004707611631602049, -0.029882825911045074, 0.0034311306662857533, -0.0414244718849659, 0.012814990244805813, -0.0061785439029335976, -0.014050698839128017, 0.009703763760626316, 0.015280134975910187, -0.01716192625463009, 0.013875065371394157, -0.007508342154324055, -0.010707385838031769, 0.010883019305765629, -0.00... |
224 | META | 2019 | We record a provision for income taxes for the anticipated tax consequences of the reported results of operations using the asset and liability method. Under this method, we recognize deferred income tax assets and liabilities for the expected future tax consequences of temporary differences between the financial repor... | [-0.022197667509317398, -0.017521122470498085, -0.013175883330404758, -0.04052157700061798, 0.00330352783203125, 0.0037208490539342165, -0.012653435580432415, -0.005007855128496885, 0.0001086110423784703, -0.013953183777630329, 0.032187893986701965, 0.023140622302889824, -0.02342096157371998, 0.032315321266651154, 0.00... |
225 | META | 2019 | We record a valuation allowance to reduce our deferred tax assets to the net amount that we believe is more likely than not to be realized. We consider all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income, an... | [-0.025286154821515083, -0.03484271839261055, 0.007606509141623974, -0.025002039968967438, -0.0013471205020323396, 0.01104816421866417, -0.03652157634496689, -0.014024904929101467, 0.004858996719121933, -0.015729589387774467, 0.01095130667090416, 0.005769453477114439, -0.00586308166384697, 0.024382155388593674, -0.0034... |
226 | META | 2019 | We recognize tax benefits from uncertain tax positions only if we believe that it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. These uncertain tax positions include our estimates for transfer pricing that have bee... | [-0.004805219359695911, -0.028497666120529175, 0.010016052983701229, -0.029989279806613922, 0.009859041310846806, 0.0008635655976831913, -0.018592828884720802, -0.0006423587328754365, 0.0022374200634658337, -0.005694953724741936, 0.03430710732936859, 0.010225402191281319, -0.010029137134552002, 0.027607930824160576, -0... |
227 | META | 2019 | We are involved in legal proceedings, claims, and regulatory, tax or government inquiries and investigations that arise in the ordinary course of business. Certain of these matters include speculative claims for substantial or indeterminate amounts of damages. We evaluate the associated developments on a regular basis ... | [-0.0019791224040091038, -0.02204045094549656, -0.001584607525728643, -0.03389226645231247, -0.017600929364562035, 0.008892136625945568, -0.015256758779287338, 0.01060770358890295, 0.01381620578467846, -0.007733146660029888, 0.016605639830231667, 0.02579898200929165, 0.0012007331242784858, 0.01783665642142296, -7.17718... |
228 | META | 2019 | We review the developments in our contingencies that could affect the amount of the provisions that have been previously recorded, and the matters and related reasonably possible losses disclosed. We make adjustments to our provisions and changes to our disclosures accordingly to reflect the impact of negotiations, set... | [-0.0049657332710921764, -0.02035321295261383, 0.021850550547242165, -0.017915066331624985, 0.009527317248284817, 0.004581460263580084, -0.0195184126496315, -0.001901488285511732, -1.9811483070952818e-05, -0.019279899075627327, 0.013489303179085255, 0.027614643797278404, -0.01602020487189293, 0.019173892214894295, -0.0... |
229 | META | 2019 | The outcome of these matters is inherently uncertain. Therefore, if one or more of these matters were resolved against us for amounts in excess of management's expectations, our results of operations and financial condition, including in a particular reporting period in which any such outcome becomes probable and estim... | [-0.016506461426615715, -0.02855030633509159, 0.0006320409011095762, -0.028967861086130142, -0.014014181680977345, 0.010458441451191902, -0.02202601358294487, 0.000790662772487849, -0.004413684364408255, -0.009310166351497173, 0.012572312727570534, 0.030664177611470222, -0.008279328234493732, 0.01894654706120491, 0.001... |
230 | META | 2019 | We allocate the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill... | [-0.01937876269221306, -0.002936176024377346, 0.01995294727385044, -0.034503333270549774, -0.025603456422686577, 0.009265266358852386, -0.02581224963068962, -0.0008849308360368013, 0.010348389856517315, -0.014432936906814575, -0.006701006554067135, 0.025211965665221214, -0.021479759365320206, 0.020801177248358727, -0.0... |
231 | META | 2019 | We review goodwill for impairment at least annually or more frequently if events or changes in circumstances would more likely than not reduce the fair value of our single reporting unit below its carrying value. As of December 31, 2019, no impairment of goodwill has been identified. | [-0.008133131079375744, -0.01961444318294525, 0.013649292290210724, -0.025451311841607094, -0.005442399065941572, 0.012911666184663773, -0.005586716812103987, 0.019665757194161415, 0.008569292724132538, -0.01630474627017975, -0.00493888882920146, 0.0190628282725811, 0.0003060747985728085, 0.011295302771031857, -0.00603... |
232 | META | 2019 | Long-lived assets, including property and equipment and intangible assets are reviewed for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. The evaluation is performed at the lowest level for which identifiable cash flows are largely independe... | [-0.0112115778028965, -0.014045416377484798, 0.016416721045970917, -0.027804192155599594, -0.003820796264335513, 0.010462402366101742, -0.019074665382504463, -0.007003164850175381, -0.006384280510246754, -0.016638215631246567, -0.0091529730707407, 0.03499627858400345, -0.013706658966839314, 0.02631887048482895, -0.0125... |
233 | META | 2019 | The useful lives of our long-lived assets including property and equipment and finite-lived intangible assets are determined by management when those assets are initially recognized and are routinely reviewed for the remaining estimated useful lives. The current estimate of useful lives represents our best estimate bas... | [-0.011646710336208344, -0.009280458092689514, 0.01798088662326336, -0.03643634170293808, -0.020353730767965317, -0.0025590467266738415, -0.00953751616179943, 0.011284193024039268, -0.007645831443369389, -0.00626496784389019, -0.0031802705489099026, 0.03295617178082466, -0.007909480482339859, 0.008080853149294853, -0.0... |
234 | META | 2019 | Advertising. We generate substantially all of our revenue from advertising. Our advertising revenue is generated by displaying ad products on Facebook, Instagram, Messenger, and third-party affiliated websites or mobile applications. Marketers pay for ad products either directly or through their relationships with adve... | [-0.014841713011264801, 0.010012676008045673, -0.019664302468299866, -0.013590934686362743, -0.01165029313415289, -0.014287244528532028, -0.013758564367890358, -0.013345936313271523, 0.005302914418280125, -0.021920861676335335, 0.010857273824512959, 0.024370839819312096, -0.021791916340589523, -0.008852159604430199, -0... |
235 | META | 2019 | We recognize revenue from the display of impression-based ads in the contracted period in which the impressions are delivered. Impressions are considered delivered when an ad is displayed to a user. We recognize revenue from the delivery of action-based ads in the period in which a user takes the action the marketer co... | [-0.0059408219531178474, -0.009659979492425919, -0.0063668047077953815, -0.010544713586568832, -0.002976964460685849, -0.01873013749718666, -0.018454886972904205, -0.0283114742487669, -0.010236694477498531, -0.010295676998794079, 0.007877405732870102, 0.04280799627304077, -0.017026206478476524, -0.009922122582793236, -... |
236 | META | 2019 | Other revenue. Other revenue consists of revenue from the delivery of consumer hardware devices and net fees we receive from developers using our Payments infrastructure, as well as revenue from various other sources. | [0.01625748537480831, -0.013407567515969276, -0.007021160796284676, -0.014042321592569351, 0.0011909741442650557, -0.014638213440775871, -0.005877955351024866, 0.010207886807620525, -0.00425220699980855, -0.02883598580956459, 0.022423671558499336, 0.02535131387412548, -0.017708351835608482, -0.01036981400102377, 0.0019... |
237 | META | 2019 | Cost of revenue. Our cost of revenue consists primarily of expenses associated with the delivery and distribution of our products. These include expenses related to the operation of our data centers and technical infrastructure, such as facility and server equipment depreciation, salaries, benefits, and share-based com... | [0.013770457357168198, -0.008082938380539417, 0.004156756680458784, -0.005863653030246496, 0.005886069964617491, -0.0026532148476690054, 0.0014210791559889913, -0.005328846629709005, -0.0071734474040567875, -0.02341618202626705, -0.01822824217379093, 0.044629089534282684, -0.003269683104008436, -0.02836073748767376, 0.... |
238 | META | 2019 | Research and development. Research and development expenses consist primarily of salaries and benefits, share-based compensation, and facilities-related costs for employees on our engineering and technical teams who are responsible for building new products as well as improving existing products. We currently expense a... | [0.0027456972748041153, 0.006052343640476465, 0.0034083386417478323, -0.046844154596328735, -0.016533231362700462, -0.002696491312235594, 0.008883330971002579, -0.00020687041978817433, -0.0024521013256162405, -0.0031737899407744408, -0.0017271321266889572, 0.025718359276652336, -0.0025587142445147038, 0.000957877666223... |
239 | META | 2019 | Marketing and sales. Marketing and sales expenses consist of salaries and benefits, and share-based compensation for our employees engaged in sales, sales support, marketing, business development, and customer service functions. Our marketing and sales expenses also include marketing and promotional expenditures and pr... | [-0.0021323086693882942, 0.002300318330526352, -0.00010333768295822665, -0.03612677380442619, -0.042784351855516434, -0.012643114663660526, 0.00480162026360631, 0.003558035008609295, 0.012159498408436775, -0.016832362860441208, -0.004421635996550322, 0.025575144216418266, -0.008786745369434357, 0.0027619521133601665, -... |
240 | META | 2019 | General and administrative. General and administrative expenses consist of legal-related costs; salaries and benefits, and share-based compensation for certain of our executives as well as our legal, finance, human resources, corporate communications and policy, and other administrative employees; and professional serv... | [0.0052671656012535095, 0.015695961192250252, 0.003255600808188319, -0.04285368323326111, -0.01701355166733265, -0.01627160795032978, -3.562811980373226e-05, 0.0005044902209192514, 0.0015046759508550167, -0.01497960090637207, 0.008161388337612152, 0.01845906488597393, 0.003578602336347103, 0.0017189444042742252, -0.003... |
241 | META | 2019 | In this section, we discuss the results of our operations for the year ended December 31, 2019 compared to the year ended December 31, 2018. For a discussion of the year ended December 31, 2018 compared to the year ended December 31, 2017, please refer to Part II, Item 7, "Management's Discussion and Analysis of Financ... | [-0.015090768225491047, -0.003984065260738134, -0.015398220159113407, -0.022277459502220154, -0.01461677998304367, 0.00950539018958807, -0.012118732556700706, 0.0013082722434774041, -0.009377285838127136, -0.015270115807652473, 0.01644868217408657, 0.023468835279345512, -0.01780659519135952, -0.010844088159501553, 0.00... |
242 | META | 2019 | (1)Percentages have been rounded for presentation purposes and may differ from unrounded results. | [-0.0071594309993088245, -0.0014657354913651943, 0.012932959944009781, -0.034028053283691406, 0.004687798675149679, -0.013335318304598331, -0.017001254484057426, -0.01826580986380577, -0.008871052414178848, -0.01947927288711071, 0.003694675164297223, 0.03004278615117073, -0.020986521616578102, 0.006603792775422335, -0.... |
243 | META | 2019 | (1)Percentages have been rounded for presentation purposes and may differ from unrounded results. | [-0.0071594309993088245, -0.0014657354913651943, 0.012932959944009781, -0.034028053283691406, 0.004687798675149679, -0.013335318304598331, -0.017001254484057426, -0.01826580986380577, -0.008871052414178848, -0.01947927288711071, 0.003694675164297223, 0.03004278615117073, -0.020986521616578102, 0.006603792775422335, -0.... |
244 | META | 2019 | 2019 Compared to 2018. Revenue in 2019 increased $14.86 billion, or 27%, compared to 2018. The increase was almost entirely due to an increase in advertising revenue as a result of an increase in the number of ads delivered, partially offset by a slight decrease in the average price per ad. | [-0.001916168024763465, -0.010803657583892345, 0.0017254967242479324, -0.015127642080187798, 0.006375670898705721, -0.025237949565052986, -0.010204855352640152, -0.021304763853549957, -0.031213369220495224, -0.024884972721338272, 0.01440907921642065, 0.025893481448292732, -0.001908289035782218, -0.017043810337781906, 0... |
245 | META | 2019 | In 2019, the number of ads delivered increased by 33%, as compared with approximately 22% in 2018. The increase in the ads delivered was driven by an increase in the number and frequency of ads displayed across our products, and an increase in users and their engagement. In 2019, the average price per ad decreased by 5... | [-0.010774139314889908, -0.0005872815963812172, -0.0015002891886979342, -0.02136632800102234, -0.010767641477286816, -0.01588178426027298, -0.02075549028813839, -0.017181437462568283, -0.027994567528367043, -0.00977990310639143, 0.013945297338068485, 0.042264778167009354, -0.0007091242005117238, -0.028930319473147392, ... |
246 | META | 2019 | Advertising spending is traditionally seasonally strong in the fourth quarter of each year. We believe that this seasonality in advertising spending affects our quarterly results, which generally reflect significant growth in advertising revenue between the third and fourth quarters and a decline in advertising spendin... | [-0.007871576584875584, -0.01703815534710884, 0.008315939456224442, -0.02470659464597702, -0.004399195779114962, -0.007554174400866032, -0.011451874859631062, -0.02324654348194599, -0.02701728232204914, -0.01824428327381611, 0.026737969368696213, 0.036844056099653244, -0.015616192482411861, -0.005364098586142063, -0.00... |
247 | META | 2019 | No customer represented 10% or more of total revenue during the years ended December 31, 2019, 2018, and 2017. | [-0.011211974546313286, -0.044314295053482056, 0.007508528884500265, -0.017189575359225273, -0.01701170951128006, -0.005717154126614332, -0.014851895160973072, -0.006330159958451986, 0.012361757457256317, -0.02634972706437111, 0.023110006004571915, 0.036183230578899384, -0.0018930131336674094, -0.01710064336657524, -0.... |
248 | META | 2019 | The general strengthening of the U.S. dollar relative to certain foreign currencies in the full year 2019 compared to the same period in 2018, had an unfavorable impact on revenue. If we had translated revenue for the full year 2019 using the prior year's monthly exchange rates for our settlement or billing currencies ... | [-0.010373461991548538, -0.016566282138228416, 0.0028505856171250343, -0.0037020170129835606, 0.019744090735912323, -0.020369233563542366, -0.013622901402413845, -0.022010233253240585, -0.02503175660967827, -0.025761088356375694, 0.030371516942977905, 0.03500799089670181, 0.0188454482704401, -0.007423569448292255, -0.0... |
249 | META | 2019 | 2019 Compared to 2018. Cost of revenue in 2019 increased $3.42 billion, or 37%, compared to 2018. The increase was mostly due to an increase in operational expenses related to our data centers and technical infrastructure, as well as higher cost of consumer hardware devices sold and traffic acquisition costs. | [0.008606743067502975, -0.01092467363923788, 0.011646651662886143, -0.01187464501708746, 0.013350267894566059, -0.006168482359498739, -0.0024129280354827642, -0.007644105236977339, -0.018290121108293533, -0.023875953629612923, -0.0017511143814772367, 0.029943104833364487, 0.0007128745201043785, -0.031893715262413025, 0... |
250 | META | 2019 | In 2020, we anticipate that the cost of revenue will increase as we continue to expand our data center capacity and technical infrastructure to support user growth, increased user engagement, and the delivery of new products and services and, to a lesser extent, due to higher costs associated with various partner arran... | [0.002268978161737323, -0.03545459359884262, 0.00345090520568192, -0.018897967413067818, 0.007667249068617821, 0.007390662096440792, -0.01921958103775978, -0.0048692175187170506, -0.010909105651080608, -0.010574628598988056, 0.009333203546702862, 0.025561785325407982, 0.007062616758048534, -0.03208409249782562, 0.01318... |
251 | META | 2019 | 2019 Compared to 2018. Research and development expenses in 2019 increased $3.33 billion, or 32%, compared to 2018. The increase was primarily due to increases in payroll and benefits expenses and facilities-related costs as a result of a 31% growth in employee headcount from December 31, 2018 to December 31, 2019 in e... | [0.002114119241014123, -0.011139718815684319, -0.0025585927069187164, -0.03526921570301056, -0.00754456827417016, -0.005809317342936993, 0.002921059960499406, -0.010765770450234413, -0.02056058868765831, 0.0039133345708251, 0.007806987967342138, 0.016506202518939972, 0.0015007129404693842, 0.0018287376733496785, -0.003... |
252 | META | 2019 | In 2020, we plan to continue to hire software engineers and other technical employees, and to increase our investment to support our research and development initiatives. | [-0.007246203720569611, -0.041333068162202835, -0.01032680831849575, -0.028183985501527786, 0.0015281933592632413, 0.014634489081799984, -0.021015282720327377, 0.007433494087308645, 0.015009070746600628, 0.005389444530010223, 0.02428317815065384, 0.017127390950918198, 0.020976532250642776, -0.039059750735759735, -0.003... |
253 | META | 2019 | 2019 Compared to 2018. Marketing and sales expenses in 2019 increased $2.03 billion, or 26%, compared to 2018. The increase was primarily driven by increases in marketing expenses, payroll and benefits expenses, and community and product operations expenses. Our payroll and benefits expenses increased as a result of a ... | [-0.011846243403851986, -0.010218515060842037, 0.0012910402147099376, -0.03655928745865822, -0.025824034586548805, -0.0022429705131798983, 0.0027613244019448757, -4.677901597460732e-05, -0.014584960415959358, -0.016561487689614296, 0.003384640906006098, 0.01461079716682434, -0.006068454589694738, -0.00564860412850976, ... |
254 | META | 2019 | In 2020, we anticipate that marketing expense will increase and plan to continue the hiring of marketing and sales employees to support our marketing, sales, and partnership efforts and to increase our investment in community and product operations to support our security efforts. | [-0.0036267335526645184, -0.03165382146835327, -0.019761212170124054, -0.022439613938331604, -0.01979965902864933, 0.016198555007576942, -0.005222239997237921, 0.010726417414844036, 0.012245032005012035, -0.0021401571575552225, 0.018043961375951767, 0.013468894176185131, -0.006506975274533033, -0.01146329753100872, 0.0... |
255 | META | 2019 | 2019 Compared to 2018. General and administrative expenses in 2019 increased $7.01 billion, or 203%, compared to 2018. The majority of the increase was due to the $5.0 billion FTC settlement expense recorded in the first six months of 2019. In addition, other general and administrative expense increased in 2019 compare... | [0.0021649852860718966, 0.004294050857424736, 0.0004996119532734156, -0.049843642860651016, -0.007249271962791681, -0.007314580492675304, -0.003921790514141321, 0.003559327218681574, -0.01349278911948204, -0.024268733337521553, 0.03200129047036171, 0.020428579300642014, -0.0015543483896180987, -0.006779048591852188, 0.... |
256 | META | 2019 | In 2020, we plan to continue to increase general and administrative expenses to support overall company growth. | [-0.01416650228202343, -0.018757132813334465, -0.005807344801723957, -0.03832979127764702, -0.0015652866568416357, 0.0049720872193574905, -0.023558221757411957, 0.0011246387148275971, -0.00034117329050786793, -0.0029299799352884293, 0.02133525162935257, 0.014140194281935692, 0.024531593546271324, -0.02038818784058094, ... |
257 | META | 2019 | 2019 Compared to 2018. Interest and other income, net in 2019 increased $378 million compared to 2018. The increase was due to an increase in interest income driven by higher investment balances and interest rates and a decrease in other expense as a result of lower foreign exchange losses as compared to 2018 due to fo... | [-0.027201304212212563, -0.028415417298674583, 0.02463100105524063, -0.025044316425919533, 0.002073033945634961, -7.08871812094003e-05, -0.006955319084227085, -0.01227029412984848, -0.00899606291204691, -0.02707214280962944, 0.012606112286448479, 0.02500556781888008, -0.009932479821145535, -0.003238711738958955, 0.0107... |
258 | META | 2019 | 2019 Compared to 2018. Our provision for income taxes in 2019 increased $3.08 billion, or 95%, compared to 2018, a majority of which is due to an increase in income taxes from the Altera Ninth Circuit Opinion discussed below, an increase in income from operations prior to the effect of the legal accrual related to the ... | [-0.0041778008453547955, -0.020147887989878654, 0.010572394356131554, -0.036701686680316925, 0.007155385799705982, -0.005965007469058037, -0.015347023494541645, -0.026273580268025398, -0.016999779269099236, -0.009352502413094044, 0.019308391958475113, 0.009181980043649673, -0.008342484943568707, -0.00846053846180439, 0... |
259 | META | 2019 | Our effective tax rate in 2019 increased compared to 2018, primarily due to an increase in income taxes from the Altera Ninth Circuit Opinion, the legal accrual related to the FTC settlement that is not expected to be tax-deductible, and a decrease in excess tax benefits recognized from share-based compensation. | [-0.01443194504827261, -0.02272631973028183, 0.005971150938421488, -0.054852042347192764, -0.00402070814743638, -0.0002621115418151021, -0.02098223753273487, -0.02473667450249195, -0.01850590854883194, -0.01581656001508236, 0.023897917941212654, 0.011116858571767807, 0.0019920477643609047, -0.003950811456888914, 0.0120... |
260 | META | 2019 | On July 27, 2015, the United States Tax Court issued a decision (Tax Court Decision) in Altera Corp. v. Commissioner, which concluded that related parties in a cost sharing arrangement are not required to share expenses related to share-based compensation. The Tax Court Decision was appealed by the Commissioner to the ... | [0.011347293853759766, -0.018041333183646202, 0.021444857120513916, -0.030472170561552048, 0.0050521050579845905, 0.015302560292184353, -0.002469548722729087, -0.020314780995249748, -0.01526267547160387, -0.016419341787695885, 0.013261775486171246, 0.01475746463984251, 0.020873170346021652, -0.013919878751039505, -0.00... |
261 | META | 2019 | On June 7, 2019, the Ninth Circuit issued an opinion (Altera Ninth Circuit Opinion) that reversed the Tax Court Decision. Based on the Altera Ninth Circuit Opinion, we recorded a cumulative income tax expense of $1.11 billion in the second quarter of 2019. On July 22, 2019, the taxpayer requested a rehearing before the... | [-0.0023596230894327164, -0.026435980573296547, 0.012971946969628334, -0.020558280870318413, 0.012315832078456879, 0.007682017050683498, -0.017236696556210518, -0.01636187732219696, -0.018261877819895744, -0.006356117315590382, 0.025807203724980354, 0.018193531781435013, 0.0047294981777668, -0.010969428345561028, 0.015... |
262 | META | 2019 | Effective Tax Rate Items. Our effective tax rate in the future will depend upon the proportion of our income before provision for income taxes earned in the United States and in jurisdictions with a tax rate lower than the U.S. statutory rate, as well as a number of other factors, including excess tax benefits from sha... | [-0.021061964333057404, -0.016128182411193848, -0.004788859747350216, -0.05212031304836273, -0.004653599113225937, -0.009088205173611641, -0.0076132239773869514, -0.014157246798276901, 0.001545027131214738, -0.014659642241895199, 0.012443949468433857, 0.019335785880684853, 0.007857981137931347, 0.010266902856528759, 0.... |
263 | META | 2019 | The proportion of our income before provision for income taxes earned in jurisdictions with a tax rate lower than the U.S. statutory rate will depend upon the proportion of revenue and costs associated with the respective jurisdictions. | [0.012011931277811527, -0.026941688731312752, 0.019293641671538353, -0.03825308382511139, 0.006234121508896351, -0.0026977036613970995, -0.002252638805657625, -0.005507878493517637, -0.005099768750369549, -0.0034062727354466915, 0.011484922841191292, 0.019357912242412567, 0.0031524088699370623, 0.010225244797766209, 0.... |
264 | META | 2019 | The accounting for share-based compensation may increase or decrease our effective tax rate based upon the difference between our share-based compensation expense and the deductions taken on our tax return which depends upon the stock price at the time of employee award vesting. If our stock price remains constant to t... | [-0.01922268234193325, -0.010263516567647457, 0.010559959337115288, -0.06540191918611526, -0.012938090600073338, -0.012305679731070995, -0.046719420701265335, -0.02305668033659458, -0.0017737174639478326, -0.01862979680299759, 0.00824111606925726, 0.026231912896037102, 0.003662718227133155, 0.009828733280301094, 0.0129... |
265 | META | 2019 | Integrating intellectual property from acquisitions into our business generally involves intercompany transactions that have the impact of increasing our provision for income taxes. Consequently, our provision for income taxes and our effective tax rate may initially increase in the period of an acquisition and integra... | [-0.008205026388168335, -0.030202707275748253, 0.011181673966348171, -0.04621502012014389, -0.00932768452912569, 0.009642028249800205, -0.005472155753523111, -0.015203996561467648, 0.007338975556194782, -0.01909160055220127, 0.015293809585273266, 0.011592245660722256, 0.02152937278151512, 0.013779825530946255, 0.006168... |
266 | META | 2019 | Unrecognized Tax Benefits. As of December 31, 2019, we had net unrecognized tax benefits of $3.74 billion which were accrued as other liabilities. These unrecognized tax benefits were predominantly accrued for uncertainties related to transfer pricing with our foreign subsidiaries, which includes licensing of intellect... | [-0.009863643907010555, -0.03337033465504646, 0.020922882482409477, -0.044555775821208954, -0.003742871107533574, -0.0018647933611646295, -0.02130812779068947, -0.0076717231422662735, -0.010308670811355114, -0.010654063895344734, 0.04001251980662346, -0.0034672203473746777, 0.001829921850003302, 0.006565799470990896, 0... |
267 | META | 2019 | In July 2016, we received a Statutory Notice of Deficiency (Notice) from the IRS related to transfer pricing with our foreign subsidiaries in conjunction with the examination of the 2010 tax year. While the Notice applies only to the 2010 tax year, the IRS stated that it will also apply its position for tax years subse... | [-0.012336778454482555, -0.023952575400471687, 0.0012133168056607246, -0.03442014381289482, -0.0020794947631657124, 0.012390184216201305, -0.020467836409807205, -0.0065989745780825615, -0.00694945128634572, -0.003454698482528329, 0.013752035796642303, -0.0043058558367192745, 0.00325108808465302, 0.0011991307837888598, ... |
268 | META | 2019 | In March 2018, we received a second Notice from the IRS in conjunction with the examination of our 2011 through 2013 tax years. The IRS applied its position from the 2010 tax year to each of these years and also proposed new adjustments related to other transfer pricing with our foreign subsidiaries and certain tax cre... | [-0.016949890181422234, -0.027055911719799042, 0.006750662811100483, -0.04399248585104942, -0.0003295441856607795, 0.006317927967756987, -0.016071105375885963, -0.014859447255730629, -0.00023238691210281104, -0.007343176752328873, 0.02183646336197853, -0.00681390892714262, 0.008581464178860188, 0.005026380997151136, 0.... |
269 | META | 2019 | We have previously accrued an estimated unrecognized tax benefit consistent with the guidance in ASC 740, Income Taxes, that is lower than the potential additional federal tax liability from the positions taken by the IRS in the two Notices and its Pretrial Memorandum. In addition, if the IRS prevails in its positions ... | [-0.008922264911234379, -0.03195634484291077, 0.008727572858333588, -0.03206375986337662, 0.004068391863256693, 0.007868243381381035, -0.0313924103975296, -0.01652868092060089, -0.0018009011400863528, -0.006105944514274597, 0.03364815190434456, -0.005531938746571541, 0.0007569491281174123, 0.010211260989308357, 0.00330... |
270 | META | 2019 | tax on accumulated foreign earnings from the 2017 Tax Cuts and Jobs Act (Tax Act). As of December 31, 2019, we have not resolved these matters and proceedings continue in the Tax Court. | [-0.016207784414291382, -0.0444360114634037, 0.013671602122485638, -0.0361141636967659, -0.016445551067590714, -0.006393290124833584, -0.03278542682528496, -0.017660804092884064, -0.02153112180531025, -0.007740636821836233, 0.02826785482466221, 0.001651985221542418, 0.015230297110974789, 0.013830113224685192, -0.016287... |
271 | META | 2019 | We believe that adequate amounts have been reserved in accordance with ASC 740, Income Taxes, for any adjustments to the provision for income taxes or other tax items that may ultimately result from these examinations. The timing of the resolution, settlement, and closure of any audits is highly uncertain, and it is re... | [-0.00016292878717649728, -0.0286453478038311, 0.006786538287997246, -0.04419950395822525, -0.009497137740254402, -0.0010131284361705184, -0.03051934391260147, -0.01774940825998783, -0.00473518343642354, 0.008841239847242832, 0.042432595044374466, 0.0076164500787854195, -0.001105154980905354, 0.015393528155982494, -0.0... |
272 | META | 2019 | The following tables set forth our unaudited quarterly consolidated statements of income data in dollars and as a percentage of total revenue for each of the eight quarters in the period ended December 31, 2019. We have prepared the quarterly consolidated statements of income data on a basis consistent with the audited... | [-0.020084397867321968, -0.015507558360695839, 0.0025728740729391575, -0.04004095122218132, -0.008578376844525337, 0.010694206692278385, -0.022717997431755066, -0.010182827711105347, -0.005295965354889631, -0.009511643089354038, 0.027767861261963844, 0.03416009619832039, -0.00610777921974659, 0.0013175990898162127, -0.... |
273 | META | 2019 | (1)Percentages have been rounded for presentation purposes and may differ from unrounded results. | [-0.007178927771747112, -0.0014857633505016565, 0.012895245105028152, -0.03397855535149574, 0.004703985992819071, -0.013323170132935047, -0.01702759973704815, -0.01825389266014099, -0.008928950875997543, -0.019480185583233833, 0.003643753007054329, 0.030095290392637253, -0.020987505093216896, 0.006642424035817385, -0.0... |
274 | META | 2019 | (1)Percentages have been rounded for presentation purposes and may differ from unrounded results. | [-0.0071594309993088245, -0.0014657354913651943, 0.012932959944009781, -0.034028053283691406, 0.004687798675149679, -0.013335318304598331, -0.017001254484057426, -0.01826580986380577, -0.008871052414178848, -0.01947927288711071, 0.003694675164297223, 0.03004278615117073, -0.020986521616578102, 0.006603792775422335, -0.... |
275 | META | 2019 | Our principal sources of liquidity are our cash and cash equivalents, marketable securities, and cash generated from operations. Cash and cash equivalents and marketable securities consist mostly of cash on deposit with banks, investments in money market funds, and investments in U.S. government securities, U.S. govern... | [-0.003404730698093772, -0.003040518844500184, -0.009306914173066616, -0.019576387479901314, -0.00623062439262867, 0.008760596625506878, -0.025833027437329292, -0.011505193077027798, -0.011667787097394466, -0.024037983268499374, 0.022568129003047943, 0.024584300816059113, -0.03231079503893852, 0.022320985794067383, -0.... |
276 | META | 2019 | Cash paid for income taxes was $5.18 billion for the year ended December 31, 2019, of which $1.64 billion was related to the Altera Ninth Circuit Opinion. As of December 31, 2019, our federal net operating loss carryforward was $9.06 billion, and we anticipate that none of this amount will be utilized to offset our fed... | [-0.009783261455595493, -0.013531177304685116, 0.015618539415299892, -0.0259553175419569, 0.003269423032179475, -0.00726242084056139, -0.0112304100766778, -0.019179726019501686, -0.010076692327857018, 0.017272423952817917, 0.045081693679094315, 0.020313438028097153, -0.020166723057627678, 0.004091363865882158, 0.014031... |
277 | META | 2019 | In May 2016, we entered into a $2.0 billion senior unsecured revolving credit facility, and any amounts outstanding under the facility will be due and payable on May 20, 2021. As of December 31, 2019, no amounts had been drawn down and we were in compliance with the covenants under this credit facility. | [-0.030695835128426552, -0.039917875081300735, -0.006272049620747566, -0.009527668356895447, 0.0011652125976979733, 0.006089336238801479, -0.027240892872214317, -0.007587585132569075, -0.013819769956171513, -0.00025621388340368867, 0.04358542710542679, 0.009109089151024818, -0.01775308884680271, -0.0175936296582222, 0.... |
278 | META | 2019 | Our board of directors has authorized a share repurchase program of our Class A common stock, which commenced in January 2017 and does not have an expiration date. As of December 31, 2018, $9.0 billion remained available and authorized for repurchases under this program. In 2019, we repurchased and subsequently retired... | [-0.01287491712719202, -0.018850481137633324, -0.02178335189819336, -0.04137028008699417, -0.0157625675201416, 0.0009294424089603126, -0.041938766837120056, -0.01360490545630455, 0.005659020505845547, 0.017416346818208694, -0.003882501507177949, 0.006314717233181, 0.004641559440642595, -0.010181068442761898, 0.00613060... |
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