Meta Results Presentation Deck

Free Cash Flow Reconciliation In Millions Net cash provided by operating activities Less: Purchases of property and equipment, net Less: Principal payments on finance leases Free cash flow Q1'20 $ 11,001 $ 3,878 3,558 100 Q2'20(¹) $ 7,343 3,255 109 $ 514 Q3'20 3,689 189 Q4'20 $ 9,828 $ 14,040 $ 12,242 $ 13,246 $ 5,950 4,613 Q1'21 205 4,272 151 Q2'21 $ 9,222 $ 7,819 4,612 123 Q3'21 $ 14,091 4,313 231 $ 8,511 $ 9,547 Q4'21 $ 18,104 5,370 172 Q1'22 Meta $ 14,076 5,315 233 $ 12,562 $ 8,528 Free cash flow (FCF) is a non-GAAP financial measure that has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of other GAAP financial measures, such as net cash provided by operating activities. FCF is not intended to represent our residual cash flow available for discretionary expenses. Some of the limitations of FCF are: (i) FCF does not reflect our future contractual commitments, and (ii) other companies in our industry present similarly titled measures differently than we do, limiting their usefulness as comparative measures. (1) Reflects the $5.0 billion FTC settlement that was paid in the second quarter of 2020. 17

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