Meta Platforms, Inc. (FB) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
US & Canada	51,541	38,433	32,206	25,727	19,065
United States	48,380	36,250	30,230	24,100	17,730		8,513	5,649
Europe	29,057	20,349	16,826	13,631	10,126
Asia-Pacific	26,739	19,848	15,406	11,733	7,921
Other							9,415	6,817
Total revenues	117,929	85,965	70,697	55,838	40,653	27,638	17,928	12,466
Revenue growth [+]	37.2%	21.6%	26.6%	37.4%	47.1%	54.2%	43.8%	58.4%
US & Canada	34.1%	19.3%	25.2%	34.9%
United States	33.5%	19.9%	25.4%	35.9%			50.7%	56.4%
Europe	42.8%	20.9%	23.4%	34.6%
Asia-Pacific	34.7%	28.8%	31.3%	48.1%
International	44.4%	17.2%	31.9%	34.1%			38.1%	60.1%
Cost of goods sold	22,649	16,692	12,770	9,355	5,454	3,789	2,867	2,153
Gross profit	95,280	69,273	57,927	46,483	35,199	23,849	15,061	10,313
Gross margin	80.8%	80.6%	81.9%	83.2%	86.6%	86.3%	84.0%	82.7%
Selling, general and administrative [+]	23,872	18,155	20,341	11,297	7,242	5,503	4,020	2,653
Sales and marketing	14,043	11,591	9,876	7,846	4,725	3,772	2,725	1,680
General and administrative	9,829	6,564	10,465	3,451	2,517	1,731	1,295	973
Research and development	24,655	18,447	13,600	10,273	7,754	5,919	4,816	2,666
EBITDA [+]	54,720	39,533	29,727	29,228	23,228	14,769	8,170	6,237
EBITDA growth	38.4%	33.0%	1.7%	25.8%	57.3%	80.8%	31.0%	63.5%
EBITDA margin	46.4%	46.0%	42.0%	52.3%	57.1%	53.4%	45.6%	50.0%
Depreciation	7,560	6,389	5,179	3,675	2,333	1,591	1,215	924
EBITA	47,160	33,144	24,548	25,553	20,895	13,178	6,955	5,313
EBITA margin	40.0%	38.6%	34.7%	45.8%	51.4%	47.7%	38.8%	42.6%
Amortization of intangibles	407	473	562	640	692	751	730	319
EBIT [+]	46,753	32,671	23,986	24,913	20,203	12,427	6,225	4,994
EBIT growth	43.1%	36.2%	-3.7%	23.3%	62.6%	99.6%	24.6%	78.1%
EBIT margin	39.6%	38.0%	33.9%	44.6%	49.7%	45.0%	34.7%	40.1%
Interest income, net [+]				661	398	176	52	27
Interest expense				9	6	10	23	23
Interest income				661	398	176	52	27
Other income (expense), net	531	509	826	-204	-1	-75	-60	-88
Pre-tax income	47,284	33,180	24,812	25,361	20,594	12,518	6,194	4,910
Income taxes	7,914	4,034	6,327	3,249	4,660	2,301	2,506	1,970
Tax rate	16.7%	12.2%	25.5%	12.8%	22.6%	18.4%	40.5%	40.1%
Net income	39,370	29,146	18,485	22,111	15,920	10,188	3,669	2,925
Net margin	33.4%	33.9%	26.1%	39.6%	39.2%	36.9%	20.5%	23.5%

Basic EPS [+]	$13.99	$10.22	$6.48	$7.65	$5.49	$3.56	$1.31	$1.12
Growth	36.8%	57.8%	-15.3%	39.4%	54.2%	171.9%	17.0%	81.6%
Diluted EPS [+]	$13.77	$10.09	$6.43	$7.57	$5.39	$3.48	$1.29	$1.10
Growth	36.4%	57.0%	-15.1%	40.6%	54.6%	170.8%	17.1%	85.4%

Shares outstanding (basic) [+]	2,815	2,851	2,854	2,890	2,901	2,863	2,803	2,614
Growth	-1.3%	-0.1%	-1.2%	-0.4%	1.3%	2.1%	7.2%	8.0%
Shares outstanding (diluted) [+]	2,859	2,888	2,876	2,921	2,956	2,925	2,853	2,664
Growth	-1.0%	0.4%	-1.5%	-1.2%	1.1%	2.5%	7.1%	5.8%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.