Meta Platforms (WBO:META) Construction In Progress : €21,137 Mil (As of Mar. 2024)

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What is Meta Platforms Construction In Progress?

Meta Platforms's quarterly construction in progress increased from Sep. 2023 (€21,499 Mil) to Dec. 2023 (€22,255 Mil) but then declined from Dec. 2023 (€22,255 Mil) to Mar. 2024 (€21,137 Mil).

Meta Platforms's annual construction in progress increased from Dec. 2021 (€12,998 Mil) to Dec. 2022 (€23,649 Mil) but then declined from Dec. 2022 (€23,649 Mil) to Dec. 2023 (€22,255 Mil).

Meta Platforms Construction In Progress Historical Data

The historical data trend for Meta Platforms's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Meta Platforms Construction In Progress Chart

Meta Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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9,089.10

9,278.74

12,998.00

23,649.09

22,254.67

Meta Platforms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															23,386.43	22,930.09	21,499.47	22,254.67	21,137.00

Meta Platforms Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Meta Platforms (WBO:META) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meta Platforms Inc (WBO:META) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

META:USA META:Peru META:Mexico FB:Italy FB2Ad:UK 0QZI:UK FB2A:Germany METACL:Chile META:Canada M1TA34:Brazil

Address

1601 Willow Road, Menlo Park, CA, USA, 94025

Website

https://www.facebook.com

Meta is the world's largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.