Meta Platforms, Inc.

For the period ended Dec 31, 2025. Filed Jan 29, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jan 29, 2026

META$641.39+0.0%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2025	2024	2023
Cash flows from operating activities
Net income	$60,458	$62,360	$39,098
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	18,616	15,498	11,178
Share-based compensation	20,427	16,690	14,027
Deferred income taxes	18,738	(4,738)	131
Unrealized (gain) loss on equity investments	(1,138)	(53)	102
Impairment charges for facilities consolidation	—	383	2,432
Other	(416)	140	309
Changes in assets and liabilities:
Accounts receivable	(1,815)	(1,485)	(2,399)
Prepaid expenses and other current assets	(89)	(698)	559
Other assets	(481)	(270)	(80)
Accounts payable	(14)	373	51
Accrued expenses and other current liabilities	1,077	323	5,081
Other liabilities	437	2,805	624
Net cash provided by operating activities	115,800	91,328	71,113
Cash flows from investing activities
Purchases of property and equipment	(69,691)	(37,256)	(27,045)
Purchases of marketable securities	(36,929)	(25,542)	(2,982)
Sales and maturities of marketable securities	26,874	15,789	6,184
Payments for held-for-sale assets	(2,432)	—	—
Proceeds from Venture distribution	2,554	—	—
Purchases of non-marketable equity investments	(18,330)	(11)	(1)
Acquisitions of businesses and intangible assets	(4,231)	(270)	(629)
Other investing activities	182	140	(22)
Net cash used in investing activities	(102,003)	(47,150)	(24,495)
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards	(18,400)	(13,770)	(7,012)
Repurchases of Class A common stock	(26,248)	(30,125)	(19,774)
Payments for dividends and dividend equivalents	(5,324)	(5,072)	—
Proceeds from issuance of long-term debt, net	29,906	10,432	8,455
Principal payments on finance leases	(2,524)	(1,969)	(1,058)
Other financing activities	2,220	(277)	(111)
Net cash used in financing activities	(20,370)	(40,781)	(19,500)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash equivalents	235	(786)	113
Net increase (decrease) in cash, cash equivalents, and restricted cash equivalents	(6,338)	2,611	27,231
Cash, cash equivalents, and restricted cash equivalents at beginning of the period	45,438	42,827	15,596
Cash, cash equivalents, and restricted cash equivalents at end of the period	$39,100	$45,438	$42,827
Reconciliation of cash, cash equivalents, and restricted cash equivalents to the consolidated balance sheets
Cash and cash equivalents	$35,873	$43,889	$41,862
Restricted cash equivalents, included in prepaid expenses and other current assets	837	353	99
Restricted cash equivalents, included in other assets	2,390	1,196	866
Total cash, cash equivalents, and restricted cash equivalents	$39,100	$45,438	$42,827

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2025	2024	2023
Supplemental cash flow data
Cash paid for income taxes, net	$7,578	$10,554	$6,607
Cash paid for interest, net of amounts capitalized	$696	$486	$448
Non-cash investing and financing activities:
Property and equipment in accounts payable and accrued expenses and other current liabilities	$9,331	$7,127	$4,105
Acquisition of businesses and intangible assets in accounts payable, accrued expenses and other current liabilities, and other liabilities	$2,659	$172	$119

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