Family DAP and Revenue Metrics
Free Cash Flow Reconciliation
In Millions
Q1'21
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
Meta
Net cash provided by
operating activities
$ 12,242 $ 13,246 $ 14,091 $ 18,104 $ 14,076 $ 12,197 $
9,691 $ 14,511 $ 13,998
Less: Purchases of
property and
4,272
4,612
4,313
5,370
5,315
7,528
9,355
8,988
6,823
equipment, net
Less: Principal
payments on finance
151
123
231
172
233
219
163
235
264
leases
Free Cash Flow
A
7,819 $
8,511 $
9,547 $ 12,562 $
8,528 $
4,450 $
173 $
5,288 $
6,911
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.
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