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Investor Takeaway

• Meta maintains a solid balance sheet with $18B net cash and no near-term debt maturities. However, cash and equivalents fell sharply to $12B in June 2025 (from $43.9B in 2024) as AI infrastructure CapEx accelerated, while $29B of long-term debt begins maturing in 2027.

Analysis of Meta Platforms Balance Sheet and Cash flow statement

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Explanation of major balance sheet items

• Other liabilities </aside>