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
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%
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%
Sales and marketing	14,043	11,591	9,876	7,846	4,725	3,772	2,725	1,680
Research and development	24,655	18,447	13,600	10,273	7,754	5,919	4,816	2,666
General and administrative	9,829	6,564	10,465	3,451	2,517	1,731	1,295	973
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 margin	39.6%	38.0%	33.9%	44.6%	49.7%	45.0%	34.7%	40.1%
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%

Diluted EPS	$13.77	$10.09	$6.43	$7.57	$5.39	$3.48	$1.29	$1.10
Shares outstanding (diluted)	2,859	2,888	2,876	2,921	2,956	2,925	2,853	2,664

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