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233 | META | 2021 | User growth and engagement were also impacted by a number of other factors in the second half of 2021. For example, competitive products and services have reduced some users' engagement with our products and services, and in response to competitive pressures, we have introduced new features such as Reels, which is grow... | [-0.029548196122050285, -0.017992740496993065, 0.0027684944216161966, -0.03366383537650108, 0.013520937412977219, -0.0027569520752876997, -0.014483892358839512, 0.0036902267020195723, -0.01979992911219597, -0.025815097615122795, 0.00400021905079484, 0.01683191768825054, 0.0086138267070055, -0.02812355011701584, 0.00372... |
234 | META | 2021 | We anticipate that additional investments in our data center capacity, servers, network infrastructure, and office facilities, as well as scaling our headcount to support our growth, including in our Reality Labs initiatives, will continue to drive expense growth in 2022. We expect 2022 capital expenditures to be in th... | [-0.0007095671608112752, -0.031445376574993134, -0.010072553530335426, -0.02697015181183815, -0.0029323275666683912, 0.015551071614027023, -0.02883152849972248, -0.00485805980861187, -0.0029521293472498655, 0.0009339883690699935, 0.01968306303024292, 0.031154949218034744, 0.004049483221024275, -0.02133321948349476, 0.0... |
235 | META | 2021 | 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 DAP or MAP, respectively, based on their other activities on our Family products. | [-0.009367400780320168, 0.004367372021079063, -0.002707498613744974, -0.051646556705236435, -0.005897993221879005, -0.002603756496682763, 0.007959228940308094, 0.011258567683398724, -0.012761978432536125, -0.02221781387925148, 0.006418404169380665, 0.02829948253929615, -0.017115743830800056, 0.0029830103740096092, -0.0... |
236 | META | 2021 | 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... | [0.00287455297075212, -0.0006625861278735101, 0.005990046542137861, -0.0239066444337368, -0.014871378429234028, 0.0036341845989227295, -0.026516832411289215, 0.01110333763062954, 0.005190258380025625, -0.031429339200258255, -0.0028645137790590525, 0.020332694053649902, -0.0008462195401079953, -0.009262820705771446, -0.... |
237 | META | 2021 | •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... |
238 | META | 2021 | 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... | [-0.008149329572916031, 0.007825247012078762, 0.009418653324246407, -0.0623319074511528, -0.01581253483891487, 0.004935509525239468, -0.010836515575647354, 0.012018066830933094, -0.01182226650416851, -0.016825294122099876, 0.006913764402270317, 0.03265133127570152, -0.03861985355615616, 0.0155829768627882, -0.016744272... |
239 | META | 2021 | Worldwide DAP increased 8% to 2.82 billion on average during December 2021 from 2.60 billion during December 2020. | [-0.012691191397607327, -0.010554073378443718, 0.012447888031601906, -0.04424162209033966, -0.0038961300160735846, -0.001923405914567411, -0.010074043646454811, -0.007207018323242664, -0.025500746443867683, -0.02460644394159317, 0.02251535654067993, 0.02948564849793911, -0.02216026559472084, 0.00962031725794077, -0.000... |
240 | META | 2021 | •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, -... |
241 | META | 2021 | 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... | [-0.014136727899312973, 0.0051217107102274895, 0.007645647041499615, -0.05874864384531975, -0.011961846612393856, 0.0024970858357846737, -0.012371314689517021, 0.015237593092024326, -0.012042397633194923, -0.019345702603459358, 0.0034569869749248028, 0.02525278739631176, -0.037885893136262894, 0.011955133639276028, -0.... |
242 | META | 2021 | As of December 31, 2021, we had 3.59 billion MAP, an increase of 9% from 3.30 billion as of December 31, 2020. | [-0.009366579353809357, -0.017463553696870804, -0.004767498467117548, -0.04218199849128723, -0.007455694023519754, 0.011063705198466778, -0.020235957577824593, 0.002344883745536208, -0.012624802067875862, -0.009282371029257774, 0.0313255749642849, 0.005661404225975275, -0.01926432177424431, -0.00047853117575868964, 0.0... |
243 | META | 2021 | •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... | [-0.0030219692271202803, 0.011112832464277744, 0.010578562505543232, -0.03886820003390312, 0.005295959301292896, -0.016923027113080025, 0.009616874158382416, 0.009095960296690464, -0.017377158626914024, -0.03363234922289848, 0.003088753204792738, 0.03029315546154976, -0.012495258823037148, -0.013350091874599457, -0.016... |
244 | META | 2021 | Note: Non-advertising revenue includes RL revenue generated from the delivery of consumer hardware products and FoA Other revenue, which consists of net fees we receive from developers using our Payments infrastructure and revenue from various other sources. | [0.009587832726538181, -0.000779053196310997, -0.015790149569511414, 0.003092795144766569, 0.005586768966168165, -0.025879787281155586, -0.02591993287205696, 0.007165784016251564, -0.02027294598519802, -0.015107694081962109, 0.026669295504689217, 0.018346013501286507, -0.004198440350592136, -0.009132862091064453, -0.00... |
245 | META | 2021 | Our annual worldwide ARPP in 2021, which represents the sum of quarterly ARPP during such period, was $33.68, an increase of 22% from 2020. | [-0.016755975782871246, -0.0020492456387728453, 0.0070527661591768265, -0.040674615651369095, 0.0002882761473301798, -0.02110011875629425, -0.004450805950909853, 0.0038043565582484007, -0.022819673642516136, -0.011028431355953217, 0.004363535437732935, 0.019251272082328796, -0.007098017726093531, -0.01564408279955387, ... |
246 | META | 2021 | 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... |
247 | META | 2021 | 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... | [-0.018762782216072083, -0.0038874943275004625, 0.019482450559735298, -0.02832409180700779, -0.011598226614296436, -0.007749286480247974, -0.040686964988708496, -0.0010192624758929014, -0.001247371663339436, -0.03387581929564476, 0.014084937982261181, 0.024841411039233208, 0.00010019936598837376, -0.010197443887591362,... |
248 | META | 2021 | •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... | [-0.021638572216033936, 0.006023924797773361, 0.005393130239099264, -0.029908258467912674, -0.026645299047231674, -0.0036229416728019714, -0.029247740283608437, 0.0093199098482728, -0.002211084123700857, -0.02215377613902092, 0.004617021419107914, 0.025205370038747787, 0.0013936931500211358, 0.006700955796986818, -0.00... |
249 | META | 2021 | 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. | [0.011224004440009594, -0.01591235212981701, 0.0029668444767594337, -0.04395325109362602, -0.022409789264202118, 0.009007231332361698, -0.011574356816709042, 0.014931365847587585, -0.015377268195152283, -0.03529000282287598, 0.003586330683901906, 0.009975477121770382, -0.02061343938112259, -0.012523491866886616, -0.003... |
250 | META | 2021 | Worldwide DAUs increased 5% to 1.93 billion on average during December 2021 from 1.84 billion during December 2020. Users in India, Bangladesh, and Vietnam represented the top three sources of growth in DAUs during December 2021, relative to the same period in 2020. | [-0.00655919685959816, -0.006183732766658068, 0.0028976043686270714, -0.03181324899196625, -0.026772232726216316, -0.0006219646311365068, -0.025296494364738464, 0.004903889261186123, -0.023611802607774734, -0.02293270267546177, 0.009050320833921432, 0.015201403759419918, -0.0020389340352267027, -0.004832061473280191, -... |
251 | META | 2021 | •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... |
252 | META | 2021 | As of December 31, 2021, we had 2.91 billion MAUs, an increase of 4% from December 31, 2020. Users in India, Vietnam, and Bangladesh represented the top three sources of growth in 2021, relative to the same period in 2020. | [0.0030061437282711267, -0.019986528903245926, -0.002276243641972542, -0.017073459923267365, -0.020169412717223167, -0.0034094667062163353, -0.032344210892915726, -0.0010752556845545769, -0.02144959568977356, -0.01622435823082924, 0.0322919599711895, -0.004248770419508219, -0.0012703855754807591, -0.009202946908771992,... |
253 | META | 2021 | We calculate our revenue by user geography based on our estimate of the geography in which ad impressions are delivered, virtual and digital goods are purchased, or consumer hardware products are shipped. We define ARPU as our total revenue in a given geography during a given quarter, divided by the average of the numb... | [0.010339058935642242, 0.009864911437034607, 0.0190054289996624, -0.0388801284134388, 0.005278188269585371, -0.012413456104695797, -0.01724054478108883, -0.0023756786249578, -0.010964671149849892, -0.040645014494657516, -0.007296609692275524, 0.02789570391178131, -0.01825469546020031, -0.017385423183441162, -0.01233443... |
254 | META | 2021 | Note: Non-advertising revenue includes RL revenue generated from the delivery of consumer hardware products and FoA Other revenue, which consists of net fees we receive from developers using our Payments infrastructure and revenue from various other sources. | [0.009571240283548832, -0.0008086191955953836, -0.015809278935194016, 0.0030855536460876465, 0.005598840769380331, -0.025915974751114845, -0.02592935971915722, 0.007215242832899094, -0.020307093858718872, -0.015113189816474915, 0.02667899616062641, 0.018312526866793633, -0.004273592494428158, -0.009136184118688107, -0.... |
255 | META | 2021 | Our revenue by user geography in the charts above is geographically apportioned based on our estimation of the geographic location of our users when they perform a revenue-generating activity. This allocation differs from our revenue disaggregated by geography disclosure in Note 2 — Revenue in our consolidated financia... | [-0.005021389573812485, -0.013049297034740448, 0.004910856019705534, -0.016257934272289276, 0.001898022135719657, 0.009708019904792309, -0.018342284485697746, 0.0006209627608768642, -0.01136286836117506, -0.04077747464179993, 0.010137522593140602, 0.02981252782046795, -0.012360829859972, -0.009234304539859295, -0.00937... |
256 | META | 2021 | Our annual worldwide ARPU in 2021, which represents the sum of quarterly ARPU during such period, was $40.96, an increase of 28% from 2020. For 2021, ARPU increased by 40% in Rest of World, 35% in Europe, 31% in the United States & Canada, and 26% in Asia‑Pacific, as compared with 2020. In addition, user growth was mor... | [0.008046993985772133, -0.010212997905910015, 0.023292576894164085, -0.04280589520931244, 0.006118800491094589, -0.012019072659313679, 0.0005234241834841669, 0.007256434764713049, -0.029617052525281906, -0.0241409819573164, 0.005813503172248602, 0.021235836669802666, -0.015734057873487473, -0.00955098494887352, 0.00630... |
257 | META | 2021 | 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. On an ongoing basis, we... | [-0.010305708274245262, -0.016988804563879967, -0.0011320664780214429, -0.0299052931368351, -0.011848442256450653, 0.0001694196107564494, -0.020623909309506416, 0.008375730365514755, -0.004094176925718784, -0.022110428661108017, 0.004562618210911751, 0.02360944263637066, -0.015852054581046104, 0.000722570694051683, -0.... |
258 | META | 2021 | An accounting policy is deemed to be critical if the nature of the estimates or assumptions is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change, and the impact of the estimates and assumptions on our consolidated fi... | [0.0003948314406443387, -0.0057072206400334835, 0.018473027274012566, -0.035397887229919434, 0.008501791395246983, -0.007366906851530075, -0.007793308235704899, 0.013474289327859879, 0.003703133435919881, -0.026450015604496002, -0.001677726162597537, 0.02319624461233616, -0.006894585210829973, 0.023865366354584694, -0.... |
259 | META | 2021 | Gross vs. Net in Revenue Recognition | [-0.005006571300327778, -0.02576369419693947, 0.02816794067621231, 0.008264599367976189, 0.008182636462152004, -0.010621034540235996, -0.012048556469380856, -0.003835184033960104, -0.02846847102046013, -0.0402984619140625, 0.03363214060664177, 0.0321568064391613, 0.007772821467369795, 0.0036507672630250454, 0.009630649... |
260 | META | 2021 | For revenue generated from arrangements that involve third parties, there is significant judgment in evaluating whether we are the principal, and report revenue on a gross basis, or the agent, and report revenue on a net basis. In this assessment, we consider if we obtain control of the specified goods or services befo... | [0.026236642152071, -0.018360434100031853, 0.007217684760689735, -0.02081196941435337, 0.0020261025056242943, 0.01757803000509739, -0.0035436418838799, 0.007048163563013077, 0.004792229738086462, -0.03445189446210861, -0.005714815575629473, 0.03283492475748062, -0.001246142783202231, 0.0034751815255731344, 0.0031882997... |
261 | META | 2021 | For our equity securities without readily determinable fair values accounted for using the measurement alternative, determining whether an equity security issued by the same issuer is similar to the equity security we hold may require judgment in (a) assessment of differences in rights and obligations associated with t... | [-0.015488128177821636, -0.027130210772156715, 0.005028444342315197, -0.027026263996958733, -0.009861988015472889, 0.0021325412672013044, -0.030742375180125237, -0.01194742787629366, 0.003293826011940837, -0.020646506920456886, -0.014318722300231457, 0.021815912798047066, -0.01999683678150177, 0.009647596627473831, -0.... |
262 | META | 2021 | 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... |
263 | META | 2021 | 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... | [-0.005136207211762667, -0.033099282532930374, 0.00660692760720849, -0.036228202283382416, 0.0005571766523644328, 0.01243162527680397, -0.02345394529402256, -0.008526944555342197, 0.004745092708617449, -0.004412160255014896, 0.03581446036696434, 0.0009349578176625073, -0.006412986200302839, 0.02011815831065178, -0.0170... |
264 | META | 2021 | arms-length prices. Similarly, our estimates related to uncertain tax positions concerning research and development tax credits are based on an assessment of whether our available documentation corroborating the nature of our activities supporting the tax credits will be sufficient. Although we believe that we have ade... | [-0.005484503693878651, -0.020939040929079056, 0.003274600487202406, -0.03785589337348938, 0.018467891961336136, -0.007715766783803701, -0.017666082829236984, 0.002609164919704199, -0.0007825029897503555, 0.007426590193063021, 0.0279712975025177, 0.02068929746747017, -0.021951159462332726, 0.020137231796979904, -0.0151... |
265 | META | 2021 | 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. Additionally, we are required to comply with various legal ... | [0.001658907043747604, -0.025158716365695, -0.007044177036732435, -0.03131331130862236, -0.01980804093182087, 0.010767245665192604, -0.01950492523610592, 0.006806955207139254, 0.008144623599946499, -0.0065499646589159966, 0.012243294157087803, 0.007861275225877762, 0.0012025840114802122, 0.009930378757417202, 0.0036242... |
266 | META | 2021 | 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 merits of our defenses and ... | [0.009808294475078583, -0.017060859128832817, 0.020024418830871582, -0.02395317517220974, 0.0034223676193505526, 0.0025676253717392683, -0.017169613391160965, 0.000883630127646029, -0.012880608439445496, -0.026386555284261703, 0.018012460321187973, 0.02013317309319973, -0.019426269456744194, 0.013601107522845268, -0.01... |
267 | META | 2021 | The ultimate outcome of these matters, such as whether the likelihood of loss is remote, reasonably possible, or probable or if and when the reasonably possible range of loss is estimable, is inherently uncertain. Therefore, if one or more of these matters were resolved against us for amounts in excess of management's ... | [-0.010505767539143562, -0.03402242437005043, 0.003885559970512986, -0.028461316600441933, -0.016263609752058983, 0.009384364821016788, -0.018821192905306816, -0.000686940795276314, -0.008984332904219627, -0.009325344115495682, 0.012217381037771702, 0.04071148857474327, -0.023805202916264534, 0.021536167711019516, -0.0... |
268 | META | 2021 | 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... | [-0.01698422245681286, -0.010505973361432552, 0.012598044238984585, -0.032013241201639175, -0.019956136122345924, 0.010375626385211945, -0.018300728872418404, -0.0016912531573325396, 0.010362591594457626, -0.011099052615463734, -0.013132466934621334, 0.021181399002671242, -0.025587130337953568, 0.018796047195792198, 0.... |
269 | META | 2021 | upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. Allocation of purchase consideration to identifiable assets and liabilities affects our amortization expense, as acquired finite-lived intangible assets are amorti... | [-0.01777082309126854, -0.0053639584220945835, 0.017757471650838852, -0.03580867871642113, -0.025341114029288292, 0.014299438335001469, -0.023485258221626282, -0.0022647453006356955, -0.0008307126117870212, -0.01283077523112297, 0.003698360873386264, 0.02136237360537052, -0.018278179690241814, 0.017303522676229477, -0.... |
270 | META | 2021 | Goodwill is tested for impairment at the reporting unit level annually or more frequently if events or changes in circumstances would more likely than not reduce the fair value of a reporting unit below its carrying value. We have two reporting units subject to goodwill impairment testing. As of December 31, 2021, no i... | [-0.00862377043813467, -0.021931583061814308, 0.012249091640114784, -0.020109299570322037, 0.005133196711540222, 0.021816087886691093, -0.0035579472314566374, 0.007398220244795084, -0.009015177376568317, -0.023420210927724838, -0.011671606451272964, 0.02707761339843273, -0.006394038442522287, 0.0014132332289591432, -0.... |
271 | META | 2021 | Long-lived assets, including property and equipment and finite-lived 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 larg... | [-0.011466976255178452, -0.011244949884712696, 0.015580981969833374, -0.026434121653437614, -0.007320318836718798, 0.009285899810492992, -0.02329964190721512, -0.007228896487504244, -0.0077251894399523735, -0.01678253337740898, -0.0070982929319143295, 0.03492334112524986, -0.013452147133648396, 0.02622515708208084, -0.... |
272 | META | 2021 | 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... | [-0.007558047771453857, -0.008534539490938187, 0.0070242322981357574, -0.034398555755615234, -0.018969984725117683, -0.0029831829015165567, -0.0071609411388635635, 0.011639784090220928, -0.00539349066093564, -0.007069801911711693, -0.00011900995741598308, 0.028565645217895508, -0.017615914344787598, 0.00969331059604883... |
273 | META | 2021 | In connection with our periodic reviews of the estimated useful lives of property and equipment, we extended the estimated average useful lives of our server and network assets category. The effect of the 2021 change was a reduction in depreciation expense of $620 million and an increase in net income of $516 million, ... | [-0.018685294315218925, -0.011018848046660423, 0.015025701373815536, -0.040175385773181915, 0.003639558795839548, -0.0023039409425109625, -0.01326268631964922, -0.0007466939277946949, -0.006304116453975439, -0.02823496237397194, -0.0006949387025088072, 0.06288089603185654, 0.009629805572330952, 0.009830147959291935, -0... |
274 | META | 2021 | 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... | [-0.014835321344435215, 0.010010616853833199, -0.019647125154733658, -0.013596894219517708, -0.011648952029645443, -0.014332209713757038, -0.013751697726547718, -0.01336468942463398, 0.005347165744751692, -0.021969174966216087, 0.010829783976078033, 0.024252524599432945, -0.021827271208167076, -0.008862491697072983, -0... |
275 | META | 2021 | 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... | [-0.006248789373785257, -0.007592048496007919, -0.00840853899717331, -0.010173212736845016, -0.0013909975532442331, -0.017133139073848724, -0.01571086421608925, -0.030262839049100876, -0.010113951750099659, -0.009106507524847984, 0.010640719905495644, 0.039929039776325226, -0.01773892343044281, -0.011220165528357029, -... |
276 | META | 2021 | Other revenue. Other revenue consists of net fees we receive from developers using our Payments infrastructure and revenue from various other sources. | [0.00882519781589508, -0.009446782059967518, 0.0002450319880153984, -0.015008663758635521, -0.0003292048058938235, -0.010456856340169907, -0.01341585535556078, 0.006656128913164139, -0.0019278817344456911, -0.03203747794032097, 0.03268495947122574, 0.011318009346723557, 0.0038784253410995007, -0.009259011596441269, 0.0... |
277 | META | 2021 | RL revenue is generated from the delivery of consumer hardware products, such as Meta Quest, Facebook Portal, and wearables, and related software and content. | [0.021940236911177635, -0.0018695321632549167, -0.0101728904992342, -0.01819787733256817, -0.0024065079633146524, -0.017618076875805855, -0.031256601214408875, -0.022783584892749786, -0.013447454199194908, -0.02938542142510414, 0.010587976314127445, 0.029121875762939453, -0.009303187020123005, -0.02182164043188095, 0.0... |
278 | META | 2021 | 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 depreciation expense from servers, network infrastructure and buildings, as well as... | [0.012909584678709507, -0.0029028893914073706, 0.0023663288448005915, -0.008944818750023842, 0.008758468553423882, -0.011714371852576733, 0.004035450052469969, -0.008475730195641518, -0.00480655487626791, -0.026101907715201378, -0.01602613367140293, 0.03996894881129265, -0.0046587600372731686, -0.025022359564900398, 0.... |
279 | META | 2021 | Research and development. Research and development expenses consist primarily of payroll and related expenses which include share-based compensation, facilities-related costs for employees on our engineering and technical teams who are responsible for developing new products as well as improving existing products, and ... | [0.0034236940555274487, -0.0002812203310895711, 0.00030717600020579994, -0.05059349909424782, -0.02588535100221634, -0.011006833054125309, 0.006020077038556337, -0.006523657590150833, -0.0022530327551066875, 0.001955462386831641, -0.00188025226816535, 0.019933944568037987, 0.00511755608022213, -0.004908275790512562, -0... |
280 | META | 2021 | Marketing and sales. Marketing and sales expenses consist primarily of marketing and promotional expenses and payroll and related expenses which include share-based compensation for our employees engaged in sales, sales support, marketing, business development, and customer service functions. Our marketing and sales ex... | [-0.006747604813426733, -0.0019672594498842955, -0.0005270576220937073, -0.044147711247205734, -0.040548987686634064, -0.01760079525411129, 0.0032597584649920464, 0.0021715883631259203, 0.0060094865038990974, -0.013064377009868622, -0.008470936678349972, 0.02835894748568535, 0.0006478334544226527, 0.007393854204565287,... |
281 | META | 2021 | General and administrative. General and administrative expenses consist primarily of legal-related costs, which include accruals for estimated fines, settlements, or other losses in connection with legal and related matters, as well as other legal fees; payroll and related expenses which include share-based compensatio... | [0.008180742152035236, 0.012044230476021767, -0.0009132028790190816, -0.04633593186736107, -0.01934337057173252, -0.011998853646218777, 0.0019025735091418028, 0.0007714012172073126, -0.0035782642662525177, -0.020795419812202454, 0.022208575159311295, 0.007124117109924555, 0.0030758811626583338, 0.013094373047351837, -0... |
282 | META | 2021 | In this section, we discuss the results of our operations for the year ended December 31, 2021 compared to the year ended December 31, 2020. For a discussion of the year ended December 31, 2020 compared to the year ended December 31, 2019, please refer to Part II, Item 7, "Management's Discussion and Analysis of Financ... | [-0.01809852570295334, -0.008985355496406555, -0.01814965158700943, -0.022635938599705696, -0.009675553999841213, 0.009458268992602825, -0.013701708987355232, 0.0006686293636448681, -0.012525816448032856, -0.013228795491158962, 0.02107660286128521, 0.0218818336725235, -0.02333891950547695, -0.015030979178845882, 0.0052... |
283 | META | 2021 | (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.... |
284 | META | 2021 | (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.... |
285 | META | 2021 | The following table sets forth our revenue by segment. For comparative purposes, amounts in prior periods have been recast: | [-0.01757935993373394, -0.031486187130212784, -0.011556919664144516, -0.014690129086375237, -0.007511998061090708, 0.004346685949712992, -0.0036757425405085087, 0.011203791946172714, -0.014908426441252232, 0.0012255150359123945, 0.022125080227851868, 0.02495010569691658, -0.005438172724097967, -0.01817004568874836, -0.... |
286 | META | 2021 | FoA revenue in 2021 increased $30.83 billion, or 36%, compared to 2020. The increase was mostly driven by an increase in advertising revenue. | [0.017558053135871887, -0.007890410721302032, -0.024906471371650696, -0.006743401754647493, 0.0037908002268522978, -0.010883976705372334, -0.029217205941677094, -0.012566675432026386, -0.03264562785625458, -0.0027698364574462175, 0.037082407623529434, 0.012636000290513039, 0.009680247865617275, -0.008678190410137177, -... |
287 | META | 2021 | Advertising revenue in 2021 increased $30.76 billion, or 37%, compared to 2020 as a result of increases in both the average price per ad and the number of ads delivered. In 2021, the average price per ad increased by 24%, as compared with a decrease of approximately 10% in 2020. The increase in average price per ad in ... | [0.005353477783501148, -0.00997990183532238, -0.004206969868391752, -0.02227146364748478, 0.015547768212854862, -0.022433029487729073, -0.022619454190135002, -0.026099370792508125, -0.024359412491321564, -0.01987280696630478, 0.030175844207406044, 0.03641483560204506, -0.01636803336441517, -0.019885234534740448, 0.0033... |
288 | META | 2021 | RL revenue increased $1.14 billion, or 100%, from 2020 to 2021, and $638 million, or 127%, from 2019 to 2020. The increases in both periods were mostly driven by increases in the volume of our consumer hardware products sold. | [0.012148899026215076, -0.022444795817136765, -0.005875447299331427, -0.021218162029981613, 0.0014639684231951833, -0.018216824159026146, -0.0011059282114729285, -0.02602030523121357, -0.03682512417435646, -0.0263204388320446, 0.014850104227662086, 0.02423255145549774, -0.012240244075655937, -0.01150295790284872, 0.005... |
289 | META | 2021 | Revenue is traditionally seasonally strong in the fourth quarter of each year due in part to seasonal holiday demand. We believe that this seasonality in both advertising revenue and RL consumer hardware sales affects our quarterly results, which generally reflect significant growth in revenue between the third and fou... | [0.004760851617902517, -0.011461431160569191, 0.002842421643435955, -0.009292343631386757, 0.014901826158165932, -0.01985599473118782, -0.002203491283580661, -0.010373610071837902, -0.027811499312520027, -0.029279401525855064, 0.024928120896220207, 0.04081291705369949, -0.023381581529974937, -0.004000687971711159, 0.00... |
290 | META | 2021 | No customer represented 10% or more of total revenue during the years ended December 31, 2021, 2020, and 2019. | [-0.012208198197185993, -0.04758523777127266, 0.005528060253709555, -0.01780945621430874, -0.01202361099421978, -0.005575798451900482, -0.018331391736865044, -0.005257545039057732, 0.008325506933033466, -0.019884468987584114, 0.023830808699131012, 0.03648456186056137, -0.005107965786010027, -0.019604405388236046, -8.01... |
291 | META | 2021 | The general weakening of the U.S. dollar relative to certain foreign currencies in the full year 2021 compared to the same period in 2020 had a favorable impact on revenue. If we had translated revenue for the full year 2021 using the prior year's monthly exchange rates for our settlement or billing currencies other th... | [-0.002963815815746784, -0.017188508063554764, 0.0012082625180482864, -0.0023223324678838253, 0.02204754203557968, -0.02098219282925129, -0.015551507472991943, -0.030609315261244774, -0.03235025331377983, -0.026347916573286057, 0.04214627295732498, 0.041314780712127686, 0.012433410622179508, -0.008256460539996624, -0.0... |
292 | META | 2021 | Cost of revenue in 2021 increased $5.96 billion, or 36%, compared to 2020. The majority of the increase was due to an increase in Reality Labs cost of products sold and an increase in operational expenses related to our data centers and technical infrastructure, partially offset by a decrease in the depreciation growth... | [0.001324086100794375, -0.00845314934849739, -0.003924676217138767, -0.009398221969604492, 0.021552905440330505, 0.0012010297505185008, -0.011570575647056103, -0.011485257185995579, -0.03302503749728203, -0.030426086857914925, -0.0008597535197623074, 0.029113486409187317, 0.006238135509192944, -0.02827342040836811, 0.0... |
293 | META | 2021 | See Note 1 — Summary of Significant Accounting Policies in the notes to the consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K for additional information regarding changes in the estimated useful lives of our servers and network assets. | [0.0002914473880082369, -0.00911283865571022, 0.024163031950592995, -0.0336761437356472, 0.014850057661533356, -0.007925367914140224, -0.028259139508008957, 0.005907334387302399, 0.006090791895985603, -0.029219789430499077, 0.017398450523614883, 0.03685162588953972, 0.005827280227094889, 0.01607755571603775, -0.0116478... |
294 | META | 2021 | In 2022, we anticipate that cost of revenue will increase as we continue to expand our data center capacity and technical infrastructure to support user growth and engagement and the delivery of new products and services, and, to a lesser extent, due to higher content costs. | [0.0020565602462738752, -0.032646480947732925, -0.006694725714623928, -0.018559124320745468, 0.013273133896291256, 0.0046817846596241, -0.02521507628262043, -0.005570321809500456, -0.017822444438934326, -0.008200393058359623, 0.007928985171020031, 0.03626525029540062, 0.010093784891068935, -0.039625536650419235, 0.0109... |
295 | META | 2021 | Research and development expenses in 2021 increased $6.21 billion, or 34%, compared to 2020. The increase was primarily due to an increase in payroll and related expenses as a result of a 30% growth in employee headcount from December 31, 2020 to December 31, 2021 in engineering and other technical functions supporting... | [0.005830335896462202, -0.006027464754879475, -0.008192540146410465, -0.03576384857296944, 0.004894809331744909, 6.964243948459625e-05, -0.002051476389169693, -0.0117007652297616, -0.019311944022774696, -0.0010825380450114608, 0.004483845550566912, 0.011881188489496708, -0.010344251990318298, -0.004513916093856096, -0.... |
296 | META | 2021 | In 2022, we plan to continue to hire software engineers and other technical employees, and to increase our investment to support our research and development initiatives in our family of products and in Reality Labs. | [-0.006243223790079355, -0.02123299241065979, -0.02419542334973812, -0.016729025170207024, 0.0005663472111336887, 0.019611027091741562, -0.021903226152062416, 0.0067559522576630116, 0.01070362702012062, 0.00684978486970067, 0.008605795912444592, 0.017439471557736397, 0.018015872687101364, -0.03603174537420273, 0.001368... |
297 | META | 2021 | Marketing and sales expenses in 2021 increased $2.45 billion, or 21%, compared to 2020. The increase was primarily due to increases in marketing and promotional expenses, payroll and related expenses, and product and community operations expenses. Our payroll and related expenses increased as a result of a 9% increase ... | [-0.01249990426003933, -0.012174485251307487, -0.004849375691264868, -0.030244790017604828, -0.017547084018588066, -0.006929502822458744, 0.00021355597709771246, -0.004329343792051077, -0.008837348781526089, -0.014331181533634663, 0.009073437191545963, 0.013335783034563065, -0.012002204544842243, -0.004118779208511114,... |
298 | META | 2021 | In 2022, we plan to continue the hiring of marketing and sales employees to support our marketing, sales, and partnership efforts, and we anticipate marketing expenses will increase. | [-0.02343854308128357, -0.03543805703520775, -0.02123481035232544, -0.013489901088178158, -0.02266150526702404, 0.006878702901303768, -0.014789211563766003, 0.016164951026439667, 0.009203449822962284, 0.004101745318621397, 0.021884465590119362, 0.019094770774245262, 0.005295964423567057, -0.028559355065226555, 0.014279... |
299 | META | 2021 | General and administrative expenses in 2021 increased $3.27 billion, or 50%, compared to 2020. The increase was primarily due to increases in legal-related costs and payroll and related expenses. Our payroll and related expenses increased as a result of a 25% increase in employee headcount from December 31, 2020 to Dec... | [0.0017533651553094387, 0.0010116189951077104, 0.0011425153352320194, -0.04074917733669281, -0.005801456980407238, -0.009986909106373787, -0.0018163893837481737, -0.007129813078790903, -0.01511287596076727, -0.013458087109029293, 0.020439228042960167, 0.006018001586198807, 0.00020826261606998742, -0.0054911840707063675... |
300 | META | 2021 | See Note 11 — Commitments and Contingencies in the notes to our consolidated financial statements included in Part II, Item 8, "Financial Statements and Supplementary Data" and Part I, Item 3, "Legal Proceedings" of this Annual Report on Form 10-K for additional information regarding estimated fines, settlements, or ot... | [-0.0010427820961922407, -0.011780356988310814, 0.015451988205313683, -0.02968442440032959, -0.01203334890305996, 0.014037826098501682, -0.02398885414004326, -0.002006098860874772, 0.00866660661995411, -0.009626679122447968, 0.04024522751569748, 0.03850671648979187, -0.0075119235552847385, 0.0189290102571249, 0.0009106... |
301 | META | 2021 | In 2022, we plan to continue to increase general and administrative expenses to support overall company growth. We may also incur significant discrete charges such as legal-related accruals and settlement costs in general and administrative expenses. | [-0.01597481779754162, -0.0056925187818706036, -0.0013726289616897702, -0.03820180147886276, -0.014054130762815475, 0.008166231215000153, -0.012484465725719929, 0.00456991046667099, -0.00776222487911582, -0.005530253984034061, 0.028399676084518433, 0.021458709612488747, 0.023856258019804955, 0.004212265368551016, 0.013... |
302 | META | 2021 | The following table sets forth income (loss) from operations by segment. For comparative purposes, amounts in prior periods have been recast: | [-0.02415463887155056, -0.03406325727701187, -0.006245354190468788, -0.026787608861923218, -0.00799430813640356, 0.006785939913243055, -7.616891525685787e-05, 0.014564014039933681, -0.006798659451305866, 0.0017934724455699325, 0.023963844403624535, 0.03752300515770912, -0.01967731863260269, -0.015276314690709114, -0.00... |
303 | META | 2021 | FoA income from operations in 2021 increased $17.65 billion, or 45%, compared to 2020. The increase was due to the growth in advertising revenue partially offset by an increase in costs and expenses, the majority of which was due to an increase in payroll and related expenses as a result of higher employee headcount, h... | [0.013711641542613506, -0.016485221683979034, -0.01919369399547577, -0.029063992202281952, -0.007819412276148796, -0.0029575086664408445, -0.033309001475572586, -0.004166880622506142, -0.02616019733250141, -0.003515805583447218, 0.027058681473135948, 0.01356840506196022, 0.006751649081707001, -0.006279619410634041, -0.... |
304 | META | 2021 | FoA income from operations in 2020 increased $10.81 billion, or 38%, compared to 2019. The increase was due to the growth in advertising revenue and a one-time $5.0 billion FTC settlement accrual recorded in 2019, partially offset by an increase in costs and expenses, the majority of which was due to an increase in pay... | [0.01672535017132759, -0.011926129460334778, -0.018909193575382233, -0.033503010869026184, -0.007421138696372509, 0.0034849930088967085, -0.023486105725169182, -0.0015504296170547605, -0.02054380439221859, -0.009434981271624565, 0.03266608715057373, 0.012370744720101357, 0.004482106305658817, -0.006956908851861954, 0.0... |
305 | META | 2021 | RL loss from operations in 2021 increased $3.57 billion, or 54%, compared to 2020, and in 2020 increased $2.12 billion, or 47%, compared to 2019. The majority of the increases in loss from operations in both periods were driven by increases in payroll and related expenses primarily due to the growth in RL research and ... | [-0.008759226649999619, -0.013079298660159111, 0.0015183101641014218, -0.03059113770723343, -0.010565320961177349, -0.015348494052886963, 0.010995344258844852, 0.00017531686171423644, -0.032972801476716995, -0.0021616898011416197, 0.002257617888972163, 0.03432241082191467, -0.029320916160941124, -0.003157357219606638, ... |
306 | META | 2021 | Interest and other income, net in 2021 increased $22 million, or 4%, compared to 2020. The increase was due to an increase in other income from net unrealized gains recognized for our equity investments, partially offset by a decrease in interest income as a result of lower interest rates compared to 2020. | [-0.027383841574192047, -0.03679383173584938, 0.020101996138691902, -0.030870923772454262, 0.014243187382817268, 0.009038206189870834, -0.026383869349956512, -0.00928178895264864, -0.018794341012835503, -0.02415316365659237, 0.024819811806082726, 0.022178860381245613, -0.012486826628446579, -0.008038234896957874, 0.006... |
307 | META | 2021 | Our provision for income taxes in 2021 increased $3.88 billion, or 96%, compared to 2020, primarily due to an increase in income from operations and the effects of the tax election described below. | [-0.0080990269780159, -0.034613996744155884, -0.005155342165380716, -0.03498779609799385, 0.0004119601217098534, -0.010130013339221478, -0.017768019810318947, -0.025543084368109703, -0.01588655263185501, -0.001814493560232222, 0.016384953632950783, 0.005211412440985441, -0.00904599018394947, -0.00811148714274168, 0.004... |
308 | META | 2021 | Our effective tax rate in 2021 increased compared to 2020, mostly due to the effects of the tax election described below and tax effects of a shift in jurisdictional mix of earnings. | [-0.020876049995422363, -0.018987445160746574, -0.0028360753785818815, -0.04527580365538597, -0.013511760160326958, -0.009240219369530678, -0.007649481762200594, -0.02142108418047428, -0.03903960809111595, -0.03107958473265171, 0.011591468006372452, 0.014132845215499401, -0.009043753147125244, 0.0026887261774390936, -0... |
309 | META | 2021 | In the third quarter of 2020, as part of finalizing our U.S. income tax return, we elected to capitalize and amortize certain research and development expenses for U.S. income tax purposes. As a result, we recorded a total of $1.07 billion income tax benefit for the year ended December 31, 2020. | [-0.019862357527017593, -0.026982825249433517, 0.007908759638667107, -0.041482217609882355, 0.004868668504059315, 0.0032743168994784355, 0.000733773282263428, -0.012651430442929268, 0.0032355485018342733, 0.007165697868913412, 0.03447805345058441, 0.02583269588649273, 0.002318028826266527, -0.006267562508583069, -0.010... |
310 | META | 2021 | Effective Tax Rate Items. Our effective tax rate in the future will depend upon the proportion between the following items and income before provision for income taxes: U.S. tax benefits from foreign-derived intangible income, tax effects from share-based compensation, tax effects of integrating intellectual property f... | [-0.017979463562369347, -0.013429664075374603, -0.0030472022481262684, -0.047669488936662674, -0.010036702267825603, -0.006624353118240833, -0.015187541022896767, -0.017113450914621353, 0.0029567233286798, -0.01865159347653389, 0.012298677116632462, 0.01733318530023098, 0.005428737960755825, 0.016686907038092613, -0.00... |
311 | META | 2021 | 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 depend upon the stock price at the time of employee award vesting. If our stock price remains constant to t... | [-0.021308213472366333, -0.02412126585841179, -0.008518027141690254, -0.05484137311577797, -0.023713767528533936, -0.004521915689110756, -0.014840821735560894, -0.0203617662191391, -0.011988334357738495, -0.011495392769575119, 0.007768756244331598, 0.01816653273999691, 0.007486136630177498, 0.019086690619587898, -0.000... |
312 | META | 2021 | 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... | [-0.0081589100882411, -0.030055025592446327, 0.01299430150538683, -0.04707664996385574, -0.01177567895501852, 0.008777996525168419, -0.00946876686066389, -0.014662577770650387, 0.007924308069050312, -0.019771670922636986, 0.015379414893686771, 0.01298126857727766, 0.023759892210364342, 0.014441009610891342, 0.003623285... |
313 | META | 2021 | See Note 14 — Income Taxes in the notes to consolidated financial statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K for additional information regarding income tax contingencies. | [-0.019674373790621758, -0.018109366297721863, 0.011302828788757324, -0.0407647080719471, -0.008321862667798996, 0.006483600474894047, -0.03167276084423065, -0.018345359712839127, 0.009681927971541882, -0.0075890421867370605, 0.029263148084282875, 0.022978277876973152, -0.000897394900675863, 0.019289333373308182, 0.001... |
314 | META | 2021 | 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, investments in U.S. government securities, U.S. government... | [-0.001394266146235168, -0.0018113264814019203, -0.013723156414926052, -0.01737832836806774, -0.007986746728420258, 0.006461590528488159, -0.02843490056693554, -0.013014234602451324, -0.011934593319892883, -0.02464964985847473, 0.023231808096170425, 0.018223831430077553, -0.028148729354143143, 0.018549025058746338, -0.... |
315 | META | 2021 | Cash paid for income taxes was $8.52 billion for the year ended December 31, 2021. As of December 31, 2021, our federal net operating loss carryforward was $10.61 billion and our federal tax credit carryforward was $527 million. We anticipate the utilization of a significant portion of these net operating losses and cr... | [-0.0189285296946764, -0.01910880208015442, 0.008125104010105133, -0.03062043897807598, 0.003106467891484499, -0.017473479732871056, -0.009490017779171467, -0.019881395623087883, -0.006406084168702364, 0.010101654566824436, 0.05196975916624069, 0.023229297250509262, -0.011801359243690968, 0.011730537749826908, 0.016778... |
316 | META | 2021 | 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. In 2021, we repurchased and subsequently retired 136 million shares of our Class A common stock for $44.81 billion. As of December 31, 2021, $38.79 billion ... | [-0.013197876513004303, -0.011810309253633022, -0.02514246664941311, -0.03570588305592537, -0.011893435381352901, -0.0005591033259406686, -0.0386216938495636, -0.012392192147672176, 0.0025817067362368107, 0.01647176779806614, -0.004757374059408903, 0.009265369735658169, 0.015116171911358833, -0.008498051203787327, 0.01... |
317 | META | 2021 | As of December 31, 2021, $10.61 billion of the $48.0 billion in cash and cash equivalents and marketable securities was held by our foreign subsidiaries. The Tax Act imposed a mandatory transition tax on accumulated foreign earnings and eliminated U.S. taxes on foreign subsidiary distributions. As a result, earnings in... | [-0.004792456049472094, -0.047747183591127396, 0.0029776294250041246, -0.0319015309214592, -0.00884912721812725, 0.0007866985397413373, -0.026264892891049385, -0.00867175031453371, -0.0038628706242889166, -0.010609755292534828, 0.02531888335943222, 0.017527446150779724, -0.007476099766790867, 0.024569958448410034, 0.00... |
318 | META | 2021 | We currently anticipate that our available funds and cash flow from operations will be sufficient to meet our operational cash needs and fund our share repurchase program for at least the next 12 months and thereafter for the foreseeable future. | [-0.025039013475179672, -0.024009130895137787, -0.024305222555994987, -0.01567995734512806, -0.018293283879756927, -0.005171940196305513, -0.03115393966436386, -0.0008214920526370406, -0.0009799973340705037, 0.022000860422849655, 0.010318133048713207, 0.017250528559088707, -0.017327768728137016, -0.021884998306632042, ... |
319 | META | 2021 | Cash provided by operating activities during 2021 mostly consisted of $39.37 billion net income adjusted for certain non-cash items, including $9.16 billion of share-based compensation expense and $7.97 billion of depreciation and amortization. The increase in cash flow from operating activities during 2021 compared to... | [-0.020942771807312965, -0.013742484152317047, 0.008316460996866226, -0.020168546587228775, -0.008348720148205757, -0.007561592385172844, -0.007516429293900728, -0.01530383713543415, -0.011626270599663258, -0.017820065841078758, 0.018529772758483887, 0.02514939196407795, -0.0188265573233366, -0.0005504252039827406, -0.... |
320 | META | 2021 | Cash used in investing activities during 2021 primarily consisted of $18.57 billion of purchases of property and equipment as we continued to invest in data centers, servers, office facilities, and network infrastructure offset by $12.18 billion of net sales and maturities of marketable securities. The decrease in cash... | [-0.016308333724737167, -0.019353244453668594, 0.008676704950630665, -0.013779510743916035, -0.0031255490612238646, 0.012708630412817001, -0.02492697909474373, -0.02372707799077034, 0.008805726654827595, -0.023365817964076996, 0.021611124277114868, 0.04711870104074478, -0.021159548312425613, 0.006973619107156992, 0.009... |
321 | META | 2021 | We anticipate making capital expenditures of approximately $29 billion to $34 billion in 2022. | [0.0008020002278499305, -0.01861288584768772, 0.002639309735968709, -0.004186603240668774, -0.013726355507969856, 0.013817086815834045, -0.03398536518216133, -0.0010377396829426289, 0.005392033606767654, 0.03237812593579292, 0.025288119912147522, 0.038547858595848083, -0.004915694240480661, -0.012417231686413288, 0.024... |
322 | META | 2021 | Cash used in financing activities during 2021 mostly consisted of $44.54 billion for repurchases of our Class A common stock and $5.51 billion of taxes paid related to net share settlement of RSUs. The increase in cash used in financing activities during 2021 compared to 2020 was mostly due to the increase in repurchas... | [-0.0005953789805062115, -0.005543909966945648, 0.010122253559529781, -0.021683136001229286, -0.006733048241585493, -0.00787358358502388, -0.01893548294901848, -0.01564348302781582, -0.0005686476943083107, -0.016460001468658447, 0.005910047795623541, 0.014464064501225948, -0.011178544722497463, 0.0021952069364488125, 0... |
323 | META | 2021 | In addition to other financial measures presented in accordance with U.S. GAAP, we monitor free cash flow (FCF) as a non-GAAP measure to manage our business, make planning decisions, evaluate our performance, and allocate resources. We define FCF as net cash provided by operating activities reduced by net purchases of ... | [-0.014938417822122574, -0.015613961033523083, -0.011318528093397617, -0.016264012083411217, 0.014963909983634949, -0.01813768595457077, -0.04020116850733757, 0.012707851827144623, -0.004225329030305147, -0.016085566952824593, 0.016620902344584465, 0.0445348396897316, -0.020406490191817284, 0.017729811370372772, -0.012... |
324 | META | 2021 | We believe that FCF is one of the key financial indicators of our business performance over the long term and provides useful information regarding how cash provided by operating activities compares to the property and equipment investments required to maintain and grow our business. | [-0.010060800239443779, -0.005462221801280975, -0.010982450097799301, -0.01905171386897564, 0.0007568963919766247, -0.015378007665276527, -0.021204378455877304, 0.01208456140011549, 0.009377620182931423, -0.01192987896502018, 0.013289795257151127, 0.04179002717137337, -0.003966958727687597, 0.009506521746516228, -0.008... |
325 | META | 2021 | We have chosen our definition for FCF because we believe that this methodology can provide useful supplemental information to help investors better understand underlying trends in our business. We use FCF in discussions with our senior management and board of directors. | [-0.012540801428258419, 0.0006663887179456651, -0.005994325503706932, -0.02853413112461567, -0.00822514109313488, -0.01897621341049671, -0.04848771542310715, 0.009024807251989841, -0.00280993920750916, -0.006143469363451004, 0.007603178266435862, 0.035540733486413956, -0.01290255505591631, 0.0014367024414241314, -0.009... |
326 | META | 2021 | FCF has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of other GAAP financial measures, such as net cash provided by operating activities. FCF is not intended to represent our residual cash flow available for discretionary expenses. Some of the limitation... | [-0.01311083696782589, -0.017740441486239433, -0.013123590499162674, -0.014347948133945465, -0.007709631230682135, -0.015457523055374622, -0.057493824511766434, -0.0036124945618212223, -0.004374530166387558, 0.005531931295990944, 0.03739394247531891, 0.04787750914692879, -0.016911448910832405, 0.013990843668580055, -0.... |
327 | META | 2021 | •other companies in our industry present similarly titled measures differently than we do, limiting their usefulness as comparative measures. | [-0.013742635026574135, -0.02071966603398323, 0.0123947998508811, -0.032770898193120956, -0.007789695635437965, 0.026494214311242104, -0.008932712487876415, 0.011859630234539509, -0.003934490028768778, -0.03657655045390129, -0.00035698642022907734, 0.02801383286714554, 0.012672294862568378, 0.0008869945886544883, -0.01... |
328 | META | 2021 | Management compensates for the inherent limitations associated with using the FCF measure through disclosure of such limitations, presentation of our financial statements in accordance with GAAP, and reconciliation of FCF to the most directly comparable GAAP measure, net cash provided by operating activities, as presen... | [-0.009219779632985592, -0.01595534011721611, -0.008842024020850658, -0.028965473175048828, -0.009475884027779102, -0.01265798881649971, -0.022690901532769203, 0.015635209158062935, -0.004180913791060448, -0.012709209695458412, 0.023382384330034256, 0.050606343895196915, -0.020923776552081108, 0.005771965719759464, -0.... |
329 | META | 2021 | As of December 31, 2021, we did not have any off-balance sheet arrangements that are reasonably likely to have a material current or future effect on our financial condition, results of operations, liquidity, capital expenditures, or capital resources. | [-0.023744484409689903, -0.02894614078104496, 0.0022240581456571817, -0.006114172749221325, -0.011109162122011185, 0.00806320458650589, -0.024774640798568726, -0.002227237680926919, -0.005891608074307442, -0.009309567511081696, 0.03929858282208443, 0.005131707992404699, -0.0015150302788242698, 0.0016469794791191816, -0... |
330 | META | 2021 | Our principal commitments consist mostly of obligations under operating leases and other contractual commitments. Our operating lease obligations mostly include among others, certain of our offices, data centers, colocations and land. Our other contractual commitments are primarily related to our investments in servers... | [0.022006263956427574, -0.021092696115374565, -0.007140616420656443, -0.04129869118332863, -0.006579711567610502, 0.01957455836236477, -0.04089564457535744, 0.010808327235281467, -0.0036441998090595007, -0.01487236563116312, 0.03315718099474907, 0.034446924924850464, -0.014415580779314041, 0.010539630427956581, -8.4440... |
331 | META | 2021 | (1)Includes variable lease payments that were fixed subsequent to lease commencement or modification. | [-0.017330097034573555, -0.01007698755711317, -0.01307494007050991, -0.025891991332173347, -0.026923544704914093, 0.005344736389815807, -0.03218446671962738, -0.0030221291817724705, -0.017845874652266502, -0.0020340944174677134, 0.019290048629045486, 0.031281858682632446, -0.024770177900791168, 0.02313258685171604, 0.0... |
332 | META | 2021 | Additionally, as part of the normal course of business, we may also enter into multi-year agreements to purchase renewable energy that do not specify a fixed or minimum volume commitment or to purchase certain server components that do not specify a fixed or minimum price commitment. These agreements are generally ente... | [0.02166646160185337, -0.047666214406490326, 0.006631148047745228, -0.028664324432611465, -0.023523585870862007, -0.010362219996750355, -0.04085675626993179, -0.02227204479277134, -0.01067174132913351, -0.015570245683193207, 0.02001119777560234, 0.0485813170671463, -0.007980255410075188, -0.01627003215253353, -0.001545... |
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