DHICT ASSIGNMENT 1

STUDENT NAME: IONEL BUDESCU

STUDENT NUMBER: 21550854
TUTOR NAME: ADEMOLA OLUWARANTI
CAMPUS: NOTTINGHAM

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 CONDENSED CONSOLIDATED BALANCE SHEETS OF
META PLATFORMS, INC.

Meta Platforms, Inc. is a leading global social media and technology company that
owns and operates a range of products and services, including Facebook, Instagram,
WhatsApp, and Oculus. As a publicly traded company, Meta Platforms regularly reports its
financial performance to its investors and stakeholders. The company's Condensed
Consolidated Balance Sheets provide a snapshot of its financial position at a given point in
time, reflecting its assets, liabilities, and equity.
These statements illustrate Meta Platforms' commitment to innovation and growth as it
continues to invest in its business and expand its offerings to users worldwide. Through its
platforms, Meta Platforms has transformed modern communication, and its financial
statements demonstrate its success in leveraging these platforms to generate revenue and
create value for its shareholders.
As a crucial tool for investors and analysts seeking to evaluate the company's financial
performance and prospects, the Condensed Consolidated Balance Sheets of Meta Platforms,
Inc. provide essential insights into the company's current assets and liabilities, long-term
investments, and shareholder equity. These statements will continue to be a critical lens
through which to assess Meta Platforms' ongoing success as the company continues to
innovate and expand its offerings.

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 META PLATFORMS, INC.
CONDENSED CONSOLIDATED BALANCE
SHEETS
(In millions)
(Unaudited)
Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31,
2020 2021 2021 2021 2021 2022 2022 2022 2022

Assets
Current assets:
Cash and cash equivalents $ 17,576 $ 19,513 $ 16,186 $ 14,496 $ 16,601 $ 14,886 $ 12,681 $ 14,308 $ 14,681
Marketable securities 44,378 44,706 47,894 43,579 31,397 29,004 27,808 27,468 26,057
Accounts receivable, net 11,335 10,276 11,698 12,088 14,039 11,390 11,525 11,227 13,466
Prepaid expenses and other current assets 2,381 2,827 4,919 5,258 4,629 3,985 3,973 5,312 5,345
Total current assets 75,670 77,322 80,697 75,421 66,666 59,265 55,987 58,315 59,549
Non-marketable equity securities 6,234 6,342 6,393 6,758 6,775 6,775 6,536 6,528 6,201
Property and equipment, net 45,633 47,720 50,909 53,726 57,809 61,582 67,588 73,738 79,518
Operating lease right-of-use assets 9,348 10,202 10,525 11,063 12,155 12,241 14,130 13,641 12,673
Intangible assets, net 623 505 514 365 634 910 965 875 897
Goodwill 19,050 19,056 19,219 19,065 19,197 19,923 20,229 20,268 20,306
Other assets 2,758 2,376 2,352 3,187 2,751 3,522 4,344 5,529 6,583
Total assets $ 159,316 $ 163,523 $ 170,609 $ 169,585 $ 165,987 $ 164,218 $ 169,779 $ 178,894 $ 185,727

Liabilities and stockholders' equity

Current liabilities:
Accounts payable $ 1,331 $ 878 $ 973 $ 2,195 $ 4,083 $ 3,246 $ 4,008 $ 3,871 $ 4,990
Partners payable 1,093 1,006 949 909 1,052 935 982 975 1,117
Operating lease liabilities, current 1,023 1,040 1,051 1,086 1,127 1,159 1,275 1,291 1,367
Accrued expenses and other current liabilities 11,534 9,793 11,901 13,622 14,873 15,746 15,952 16,550 19,552
Total current liabilities 14,981 12,717 14,874 17,812 21,135 21,086 22,217 22,687 27,026
Operating lease liabilities, non-current 9,631 10,574 10,956 11,554 12,746 12,894 14,792 14,687 15,301
Long-term debt - - - - - - - 9,922 9,923
Other liabilities 6,414 6,575 6,552 6,859 7,227 7,010 7,003 7,504 7,764
Total liabilities 31,026 29,866 32,382 36,225 41,108 40,990 44,012 54,800 60,014

Stockholders' equity:
Common stock - - - - - - - - -
Additional paid-in
Accumulated othercapital
comprehensive income 50,018 51,160 52,845 54,334 55,811 57,512 59,929 62,092 64,444
(loss) 927 154 285 (207) (693) (1,996) (3,411) (5,054) (3,530)
Retained earnings 77,345 82,343 85,097 79,233 69,761 67,712 69,249 67,056 64,799
Total stockholders' equity 128,290 133,657 138,227 133,360 124,879 123,228 125,767 124,094 125,713
Total liabilities and stockholders' equity $ 159,316 $ 163,523 $ 170,609 $ 169,585 $ 165,987 $ 164,218 $ 169,779 $ 178,894 $ 185,727

Fb.com. (2019). Facebook - Financials. [online] Available at:

https://investor.fb.com/financials/default.aspx.

RAW DATA PRESENTATION

The data is a condensed consolidated balance sheet for Meta Platforms, Inc. (formerly
known as Facebook, Inc.) for nine periods between December 31, 2020, and December 31,
2022, in millions of dollars.

The balance sheet shows the company's assets, including cash, marketable securities,
accounts receivable, property and equipment, and intangible assets, among others, as well as

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its liabilities and stockholders' equity, including accounts payable, operating lease liabilities,
and long-term debt.

The list is organized into two sections: assets and liabilities and stockholders' equity.

Assets:

 Current assets: These are assets that are expected to be converted to cash or used
within one year. Examples include cash and cash equivalents, marketable securities,
accounts receivable, and prepaid expenses.

 Non-marketable equity securities: These are long-term investments in securities that

are not readily marketable.

 Property and equipment, net: This includes tangible assets such as buildings,
equipment, and vehicles, net of accumulated depreciation.

 Operating lease right-of-use assets: These are assets that represent a lessee's right to
use a leased asset for the term of the lease.

 Intangible assets, net: These are non-physical assets such as patents, trademarks, and
goodwill, net of accumulated amortization.

 Goodwill: This represents the excess purchase price of an acquired company over the
fair value of its identifiable assets and liabilities.

 Other assets: This includes any other assets that are not included in the above
categories.

Liabilities and stockholders' equity:

 Current liabilities: These are liabilities that are expected to be paid within one year.
Examples include accounts payable, operating lease liabilities, and accrued expenses.

 Operating lease liabilities, non-current: These are long-term liabilities that represent a
lessee's obligation to make lease payments for the term of the lease.

 Long-term debt: This includes any debt that is due in more than one year.

 Other liabilities: This includes any other liabilities that are not included in the above
categories.

 Common stock: This represents the par value of the company's common stock.

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  Additional paid-in capital: This represents the excess amount paid by investors over
the par value of the company's common stock.

 Accumulated other comprehensive income (loss): This includes any gains or losses
that are not included in the calculation of net income, such as unrealized gains or
losses on investments.

 Retained earnings: This represents the cumulative earnings of the company that have
not been paid out as dividends.

 Total stockholders' equity: This is the total amount of equity held by the company's
stockholders.

 Total liabilities and stockholders' equity: This represents the total amount of the
company's liabilities and equity.

Statistical Techniques

To calculate the mean, median, and mode, we could use any of the columns in the table,
depending on the purpose of the analysis. For example, we could use the " of Liabilities and
stockholders’ equity " column to calculate the central tendency measures for the company's
current Liabilities and stockholders’ equity.

For mean we will use Average function : C43 “=AVERAGE(C41:S41)”

For median we will use Median function : C44 “=MEDIAN(C41:S41)”

For mode I will prefer to use the Mode function from the same period so I will use the
column C , C45 “=MODE(C5:C41)” and in this case we have a value =159,316 that it means
that all of the company's assets are either financed by creditors (liabilities) or by the owners
of the company (stockholders' equity). In other words, the company has no net assets that are
not either owned by the stockholders or owed to creditors.

This equation is known as the accounting equation or balance sheet equation, and it is
fundamental to understanding a company's financial position. It reflects the basic principle of
double-entry accounting, which requires that every transaction has two equal and opposite

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effects on the accounting equation. By ensuring that the accounting equation always balances,
companies can maintain the accuracy and integrity of their financial statements.

Mean of Liabilities and stockholders equity $ 169,738

Median of Liabilities and stockholders equity $ 169,585
Mode 31 december 2020 $159,316

Data Manipulation

Data manipulation in financial statements refers to the process of analysing, organizing,

and transforming financial data to extract meaningful insights that can aid in decision-
making. It involves using various tools and techniques to manipulate financial data, such as
sorting, filtering, aggregating, and calculating financial ratios.

Financial data manipulation can be used to:

1. Identify trends and patterns: Manipulating financial data can help to identify trends
and patterns in financial statements, such as changes in revenue or expenses over
time.

2. Analyse financial ratios: By calculating and manipulating financial ratios, analysts

can better understand a company's financial health and performance.

3. Compare financial data: Manipulating financial data allows for easier comparison of
financial statements across different periods or companies.

4. Forecast financial performance: By analysing historical financial data, financial

analysts can make informed predictions about a company's future financial
performance.

Overall, data manipulation in financial statements is an essential tool for financial

analysts and investors to make informed decisions about a company's financial health and
performance.

To find Total curent Asets we must add “ Cash and cash equivalents, Marketable
securities, Accounts receivable, net “ with “ Prepaid expenses and other current assets”.

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Therefore, on C14= SUM(C10:C13) , E14=SUN(E10:E13) and so on for this row, we repeat
this sum function to find this Total current assets for every period.

The average is a statistical measure that is commonly used in finance and accounting to
understand the central tendency of a set of numbers. In the Excel table, you can calculate the
average of a set of numbers by using the AVERAGE function. I decide to calculate on
column “T “ all average values for this years from every row to find out an easy median line.
Therefore, on T10 we have function ” =AVERAGE(C10:S10)” , on T11 we have function ”
=AVERAGE(C11:S11)” and so on T41 we will have =AVERAGE(C41:S41).

Also, with the help of excel we can find the minimum and maximum. For example,
how could we find the lowest value of the liability and its maximum, so we can find the
ascending trend of total liabilities and stockholders' equity. In cell G43 I used the function
=MIN(C41:S41) and in G44 I used the function Max.

Finding the percentage difference between two values can provide valuable insights in
various contexts. It can be used to track changes over time and analyse data by revealing
correlations between different variables. In essence, it is a powerful tool that enables better
decision-making and informed analysis. For example, I would like to find out how much
Total liabilities and stockholders' equity increased from the beginning of 2021 until April 31,
2021 and for this I used the following formula in cell E47 =((E41-C41)/((E41+C41) /2)), I
did not multiply by 100 because I formatted the cell for percentages so I right clicked on the
cell, I chose Format cells then percentage and as decimal places I chose 2 because I want 2
decimal places so that the calculation answer is more relevant.

In order, to find out more information, I decided to repeat the mathematical formula for
the other rows on the same line so that we can see the progress or regression for liabilities and

stockholders' equity. I also asked myself what the progress for Total liabilities and
stockholders’ equity throughout this period and I used the following formula
"=((S41-C41)/((S41+C41)/2))" and the result is amazing 15.31%

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 META PLATFORMS, INC.
CONDENSED CONSOLIDATED BALANCE
SHEETS
(In millions)
(Unaudited)
Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31,
2020 2021 2021 2021 2021 2022 2022 2022 2022

Assets
Current assets: Average
Cash and cash equivalents $ 17,576 $ 19,513 $ 16,186 $ 14,496 $ 16,601 $ 14,886 $ 12,681 $ 14,308 $ 14,681 $ 15,659
Marketable securities 44,378 44,706 47,894 43,579 31,397 29,004 27,808 27,468 26,057 35,810
Accounts receivable, net 11,335 10,276 11,698 12,088 14,039 11,390 11,525 11,227 13,466 11,894
Prepaid expenses and other current assets 2,381 2,827 4,919 5,258 4,629 3,985 3,973 5,312 5,345 4,292
Total current assets 75,670 77,322 80,697 75,421 66,666 59,265 55,987 58,315 59,549 $ 67,655
Non-marketable equity securities 6,234 6,342 6,393 6,758 6,775 6,775 6,536 6,528 6,201 $ 6,505
Property and equipment, net 45,633 47,720 50,909 53,726 57,809 61,582 67,588 73,738 79,518 59,803
Operating lease right-of-use assets 9,348 10,202 10,525 11,063 12,155 12,241 14,130 13,641 12,673 11,775
Intangible assets, net 623 505 514 365 634 910 965 875 897 699
Goodwill 19,050 19,056 19,219 19,065 19,197 19,923 20,229 20,268 20,306 $ 19,590
Other assets 2,758 2,376 2,352 3,187 2,751 3,522 4,344 5,529 6,583 $ 3,711
Total assets $ 159,316 $ 163,523 $ 170,609 $ 169,585 $ 165,987 $ 164,218 $ 169,779 $ 178,894 $ 185,727 169,738

Liabilities and stockholders' equity

Current liabilities:
Accounts payable $ 1,331 $ 878 $ 973 $ 2,195 $ 4,083 $ 3,246 $ 4,008 $ 3,871 $ 4,990 $ 2,842
Partners payable 1,093 1,006 949 909 1,052 935 982 975 1,117 1,002
Operating lease liabilities, current 1,023 1,040 1,051 1,086 1,127 1,159 1,275 1,291 1,367 1,158
Accrued expenses and other current liabilities 11,534 9,793 11,901 13,622 14,873 15,746 15,952 16,550 19,552 14,391
Total current liabilities 14,981 12,717 14,874 17,812 21,135 21,086 22,217 22,687 27,026 $ 19,393
Operating lease liabilities, non-current 9,631 10,574 10,956 11,554 12,746 12,894 14,792 14,687 15,301 $ 12,571
Long-term debt - - - - - - - 9,922 9,923 9,923
Other liabilities 6,414 6,575 6,552 6,859 7,227 7,010 7,003 7,504 7,764 6,990
Total liabilities 31,026 29,866 32,382 36,225 41,108 40,990 44,012 54,800 60,014 41,158

Stockholders' equity:
Common stock - - - - - - - - - -
Additional paid-in 56,461
Accumulated othercapital
comprehensive income 50,018 51,160 52,845 54,334 55,811 57,512 59,929 62,092 64,444
(loss) 927 154 285 (207) (693) (1,996) (3,411) (5,054) (3,530) (1,503)
Retained earnings 77,345 82,343 85,097 79,233 69,761 67,712 69,249 67,056 64,799 $ 73,622
Total stockholders' equity 128,290 133,657 138,227 133,360 124,879 123,228 125,767 124,094 125,713 $ 128,579
Total liabilities and stockholders' equity $ 159,316 $ 163,523 $ 170,609 $ 169,585 $ 165,987 $ 164,218 $ 169,779 $ 178,894 $ 185,727 169,738

Mean of Liabilities and stockholders' equity $ 169,738 MIN $ 159,316

Median of Liabilities and stockholders' equity$ 169,585 MAX $ 185,727
Mode 31 december 2020 $159,316

Increase of total liabilities and stockholders' equity in percentage from a statement

2.61%to next one 4.24% -0.60% -2.14% -1.07% 3.33% 5.23% 3.75%

Increase of total liabilities and stockholders' equity in percentage from 31 Dec 2020 to 31 Dec 2022 15.31%

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 Representation

Total assets by periods

185727

178894

170609 169585 169779

165987
163523 164218
159316

1 2 3 4 5 6 7 8 9

Percentages of Total liabilities and stockholders'

equty
6.00%
0.05228394512910
5.00% 38
0.04241437515712
4.00% 35 0.03748001349346
0.03329970029670 31
3.00%
0.02606252652250 93
81
2.00%
1.00%
0.00% 0 0 - 0 0 0 0 0
1 2 3 0.00602009441671
4 5 6 7 8 -
-1.00% 517 0.01071455610908
- 38
-2.00% 0.02144398221544
11
-3.00%

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 Conclusion

In conclusion, the condensed consolidated balance sheet for Meta Platforms, Inc.
provides a comprehensive overview of the company's financial position, including its assets,
liabilities, and stockholders' equity for nine periods between December 31, 2020, and
December 31, 2022. The balance sheet is organized into two sections, assets, and liabilities
and stockholders' equity, and includes various categories of assets and liabilities, such as
current assets, non-marketable equity securities, property and equipment, and long-term debt.

Furthermore, the analysis of the balance sheet using statistical techniques, such as
calculating mean, median, and mode, allows for a better understanding of the company's
financial health and performance. Additionally, data manipulation in financial statements can
be used to identify trends and patterns, analyse financial ratios, compare financial data, and
forecast financial performance, which is crucial for informed decision-making by financial
analysts and investors.

Developing skills such as data analysis, visualization, and manipulation can not only
improve the efficiency of work but also lead to better decision-making. By utilizing the
various functions and tools available in Excel, individuals can take advantage of its
capabilities to organize and analyse data in ways that can enhance productivity and
effectiveness in their respective fields. Therefore, mastering Excel can provide a competitive
edge and be a valuable addition to one's skillset.

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 References

Fb.com. (2019). Facebook - Financials. [online] Available at:

https://investor.fb.com/financials/default.aspx.
Gaskin, S., Vargas, A. & McLellan, P. (2016). GO! with Microsoft Excel 2016
Comprehensive. Pearson Education.

Inc, C.S. (n.d.). IT Staffing Agency | IT Temp Agency | Excel. [online] www.excell.com.
Available at: https://www.excell.com/
Kelleher, J. D., Tierney, B., & Tierney, B. (2018). Data Science An Introduction.
Chapman and Hall/CRC.

McFedries, P. (2015). Excel 2016 Formulas and Functions. John Wiley & Sons.

Press, W. H., Teukolsky, S. A., Vetterling, W. T., & Flannery, B. P. (2007). Numerical
Recipes 3rd Edition: The Art of Scientific Computing. Cambridge University Press.

Support.microsoft.com. (n.d.). Excel functions (alphabetical). [online] Available at:

https://support.microsoft.com/en-us/office/excel-functions-alphabetical-b3944572-255d-4efb-
bb96-c6d90033e188.
Walkenbach, J. (2016). Excel 2016 Bible. John Wiley & Sons.

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