META PLATFORMS INC.

COMAPARATIVE BALANCE SHEETS

FISCAL YEAR JANUARY-DECEMBER
USD Millions
Horizontal Analysis

(2018-2019) (2019-2020) (2020-2021) (2021-2022)

2022 2021 2020 2019 2018 AMOUNT PERCENT AMOUNT PERCENT AMOUNT PERCENT AMOUNT PERCENT
ASSETS
Cash & Short Term Investments 41,032 48,147 62,195 54,863 41,124 13,739 13,739 21,071 51.24 7,023 17.08 -92 (0.22)
Cash Only 14,032 16,750 17,817 19,087 10,029 9,058 9,058 7,788 77.65 6,721 67.02 4,003 28.53
Total Accounts Receivable 13,466 14,039 11,335 9,518 7,587 1,931 1,931 3,748 49.40 6,452 85.04 5,879 43.66
Accounts Receivables, Net 13,466 14,039 11,335 9,518 7,587 1,931 1,931 3,748 49.40 6,452 85.04 5,879 43.66
Accounts Receivables, Gross 13,466 14,039 11,449 9,724 7,816 1,908 1,908 3,633 46.48 6,223 79.62 5,650 41.96
Other Current Assets 5,051 4,480 2,140 1,844 1,769 75 75 371 20.97 2,711 153.25 3,282 64.98
Miscellaneous Current Assets 5,051 4,480 2,140 1,844 1,769 75 75 371 20.97 2,711 153.25 3,282 64.98
Total Current Assets 59,549 66,666 75,670 66,225 50,480 15,745 15,745 25,190 49.90 16,186 32.06 9,069 15.23
Net Property, Plant & Equipment 92,191 69,964 54,981 44,783 24,683 20,100 20,100 30,298 122.75 45,281 183.45 67,508 73.23
Property, Plant & Equipment-Gross 117,166 90,044 70,399 55,446 31,573 23,873 23,873 38,826 122.97 58,471 185.19 85,593 73.05
Buildings 27,720 22,531 17,360 11,226 7,401 3,825 3,825 9,959 134.56 15,130 204.43 20,319 73.30
Land & Improvements 1,874 1,688 1,326 1,097 899 198 198 427 47.50 789 87.76 975 52.03
Machinery & Equipment 39,927 25,584 22,003 17,004 13,017 3,987 3,987 8,986 69.03 12,567 96.54 26,910 67.40
Construction in Progress 25,052 14,687 11,288 10,099 7,228 2,871 2,871 4,060 56.17 7,459 103.20 17,824 71.15
Other Property, Plant & Equipment 6,522 10,559 6,779 4,925 3,028 1,897 1,897 3,751 123.88 7,531 248.71 3,494 53.57
Accumulated Depreciation 24,975 20,080 15,418 10,663 6,890 3,773 3,773 8,528 123.77 13,190 191.44 18,085 72.41
Total Investments and Advances 6,822 6,890 6,371 192 95 97 97 6,276 6,606.32 6,795 7,152.63 6,727 98.61
Other Long-Term Investments 6,822 6,890 6,371 192 95 97 97 6,276 6,606.32 6,795 7,152.63 6,727 98.61
Intangible Assets 21,203 19,831 19,673 19,609 19,595 14 14 78 0.40 236 1.20 1,608 7.58
Net Goodwill 20,306 19,197 19,050 18,715 18,301 414 414 749 4.09 896 4.90 2,005 9.87
Net Other Intangibles 897 634 623 894 1,294 -400 -400 -671 (51.85) -660 (51.00) -397 (44.26)
Other Assets 5,962 2,636 2,621 2,567 2,481 86 86 140 5.64 155 6.25 3,481 58.39
Tangible Other Assets 5,962 2.636 2,621 2,567 2,481 86 86 140 5.64 -2,478 (99.89) 3,481 58.39
Total Assets 185,727 165,987 159,316 133,376 97,334 36,042 36,042 61,982 63.68 68,653 70.53 88,393 47.59
LIABILITIES & SHAREHOLDER EQUITY
ST Debt & Current Portion LT Debt 1,513 1,217 1,091 1,146 500 646 646 591 118.20 717 143.40 1,013 66.95
Short Term Debt 1,367 1,127 1,023 1,077 500 577 577 523 104.60 627 125.40 867 63.42
Accounts Payable 6,107 5,135 2,424 2,249 1,361 888 888 1,063 78.10 3,774 277.30 4,746 77.71
Income Tax Payable 2,339 1,256 2,038 624 491 133 133 1,547 315.07 765 155.80 1,848 79.01
Other Current Liabilities 17,067 13,527 9,428 11,034 4,665 6,369 6,369 4,763 102.10 8,862 189.97 12,402 72.67
Accrued Payroll 4,591 3,152 2,609 1,704 1,203 501 501 1,406 116.87 1,949 162.01 3,388 73.80
Miscellaneous Current Liabilities 12,476 10,375 6,819 9,330 3,462 5,868 5,868 3,357 96.97 6,913 199.68 9,014 72.25
Total Current Liabilities 27,026 21,135 14,981 15,053 7,017 8,036 8,036 7,964 113.50 14,118 201.20 20,009 74.04
Other Liabilities 1,733 6,736 5,959 6,302 5,517 785 785 442 8.01 1,219 22.10 -3,784 (218.35)
Other Liabilities (excl. Deferred Income) 1,733 6,736 5,959 6,302 5,517 785 785 442 8.01 1,219 22.10 -3,784 (218.35)
Total Liabilities 60,014 41,108 31,026 32,322 13,207 19,115 19,115 17,819 134.92 27,901 211.26 46,807 77.99
Common Equity (Total) 125,713 124,879 128,290 101,054 84,127 16,927 16,927 44,163 52.50 40,752 48.44 41,586 33.08
Additional Paid-In Capital/Capital Surplus 64,799 55,811 50,018 45,851 42,906 2,945 2,945 7,112 16.58 12,905 30.08 21,893 33.79
Retained Earnings 64,799 69,761 77,345 55,692 41,981 13,711 13,711 35,364 84.24 27,780 66.17 22,818 35.21
Total Shareholder's Equity 125,713 124,879 128,290 101,054 84,127 16,927 16,927 44,163 52.50 40,752 48.44 41,586 33.08
Total Equity 125,713 124,879 128,290 101,054 84,127 16,927 16,927 44,163 52.50 40,752 48.44 41,586 33.08
Liabilities & Shareholder's Equity 185,727 165,987 159,316 133,376 97,334 36,042 36,042 61,982 63.68 68,653 70.53 88,393 47.59
 META PLATFORMS INC.
COMPARATIVE INCOME STATEMENTS
FISCAL YEAR JANUARY-DECEMBER
USD Millions
Horizontal Analysis

2018-2019 2019-2020 2020-2021 2021-2022

2022 2021 2020 2019 2018 AMOUNT PERCENT AMOUNT PERCENT AMOUNT PERCENT AMOUNT PERCENT
Sales/Revenue 116,609 117,929 85,965 70,697 55,838 14,859 26.61 30,127 53.95 62,091 111.20 60,771 108.83
Cost of Goods Sold (COGS) incl. D&A 23,754 22,649 16,692 12,770 9,355 3,415 36.50 7,337 78.43 13,294 142.11 14,399 153.92
COGS excluding D&A 15,068 14,682 9,830 7,029 5,040 1,989 39.46 4,790 95.04 9,642 191.31 10,028 198.97
Depreciation & Amortization Expense 8,686 7,967 6,862 5,741 4,315 1,426 33.05 2,547 59.03 3,652 84.63 4,371 101.30
Depreciation 8,501 7,560 6,389 5,179 3,675 1,504 40.93 2,714 73.85 3,885 105.71 4,826 131.32
Amortization of Intangibles 185 407 473 562 640 -78 (12.19) -167 (26.09) -233 (36.41) -455 (71.09)
Gross Income 92,855 92,280 69,273 57,927 46,483 11,444 24.62 22,790 49.03 45,797 98.52 46,372 99.76
SG&A Expense 59,300 48,527 36,602 28,941 21,570 7,371 34.17 15,032 69.69 26,957 124.97 37,730 174.92
Research & Developmet 33,619 24,655 18,447 13,600 10,273 3,327 32.39 8,174 79.57 14,382 140.00 23,346 227.26
Other SG&A 25,681 23,872 18,155 15,341 11,297 4,044 35.80 6,858 60.71 12,575 111.31 14,384 127.33
EBIT 33,555 46,753 32,671 28,986 24,913 4,073 16.35 7,758 31.14 21,840 87.67 8,642 34.69
Non-Operating Income/Expense -401 70 -163 -78 -213 135 (63.38) 50 (23.47) 283 (132.86) -188 88.26
Non-Operating Interest Income 436 461 672 924 661 263 39.79 11 1.66 -200 (30.26) -225 (34.04)
Pretax Income 28,819 47,284 33,180 24,812 25,361 -549 (2.16) 7,819 30.83 21,923 86.44 3,458 13.64
Income Tax 5,619 7,914 4,034 6,327 3,249 3,078 94.74 785 24.16 4,665 143.58 2,370 72.95
Income Tax-Current Domestic 6,968 5,519 3,820 4,886 1,923 2,963 154.08 1,897 98.65 3,596 187.00 5,045 262.35
Income Tax-Current Foreign 1,928 1,786 1,211 1,481 1,031 450 43.65 180 17.46 755 73.23 897 87.00
Income Tax-Deferred Domestic -3,181 628 -981 -20 350 -370 (105.71) -1,331 (380.29) 278 79.43 -3,531 (1,008.86)
Income Tax-Deferred Foreign -96 -19 -16 -20 -55 35 (63.64) 39 (70.91) 36 (65.45) -41 74.55
Consolidated Net Income 23,200 39,370 29,146 18,485 22,111 -3,626 (16.40) 7,035 31.82 17,259 78.06 1,089 4.93
Net Income 23,200 39,370 29,146 18,485 22,111 -3,626 (16.40) 7,035 31.82 17,259 78.06 1,089 4.93
Net Income After Extraordinaries 23,200 39,370 29,146 18,485 22,111 -3,626 (16.40) 7,035 31.82 17,259 78.06 1,089 4.93
Net Income Available to Common 23,200 39,370 29,146 18,485 22,111 -3,626 (16.40) 7,035 31.82 17,259 78.06 1,089 4.93
Basic Shares Outstanding 2,687 2,815 2,851 2,854 2,890 -36 (1.25) -39 (1.35) -75 (2.60) -203 (7.02)
Diluted Shares Outstanding 2,702 2,859 2,888 2,876 2,921 -45 (1.54) -33 (1.13) -62 (2.12) -219 (7.50)
EBITDA 42,241 54,720 39,533 34,727 29,228 5,499 18.81 10,305 35.26 25,492 87.22 13,013 44.52
EBIT 33,555 46,753 32,671 28,986 24,913 4,073 16.35 7,758 31.14 21,840 87.67 8,642 34.69