Financial Metrics and Free Cash Flow Analysis

Effective Tax Rate In Millions, Except for Percentages Q3'20(1) Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Income before provision $ 8,133 $ 13,055 $ 11,503 $ 12,513 $ 10,565 $ 12,702 $ 8,908 $ 8,186 $ 5,576 for income taxes Provision for income taxes 287 1,836 2,006 2,119 1,371 2,417 1,443 1,499 1,181 Effective Tax Rate 4% 14% 17% 17% 13% 19% 16% 18% 21% Meta (1) Reflects a one-time income tax benefit of $913 million related to the effects of a tax election to capitalize and amortize certain research and development expenses for U.S. income tax purposes. Excluding this tax benefit, our effective tax rate would have been 11 percentage points higher in Q3 2020. 6

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