Meta Reports 825 Billion Dollars in Future Commitments

Meta Platforms Inc. has disclosed approximately 825 billion dollars in future spending commitments, reflecting its extensive obligations for computing capacity, data centers, energy infrastructure and other technology-related needs. The commitments cover leases and contracts extending into 2036, according to a company filing and disclosures reported by Bloomberg.

In a filing Thursday, Meta valued operating and finance leases not yet included on its balance sheet at 355.7 billion dollars. These arrangements include leases for data centers and energy infrastructure scheduled to begin during the remainder of this year and continue through 2036.

Separately, the company reported 454.5 billion dollars in non-cancellable short- and long-term contracts as of Sept. 30. According to the filing, many of these agreements involve third-party cloud computing capacity, energy supplies for data centers and consumer hardware products developed for its Reality Labs division.

Meta also disclosed an obligation to purchase up to 14.7 billion dollars in cloud capacity over five years. The company said that commitment could decline if the cloud service provider sells capacity to other customers.

The disclosures follow Meta's quarterly earnings report Wednesday, when the social media company increased its capital spending plans for the year. The company also announced a new class of nonvoting stock that could eventually help finance acquisitions and other expenses.

Meta's latest figures represent an increase from the commitments it disclosed earlier this year. In July, the company reported nearly 700 billion dollars in future spending obligations.