← Alphabet Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $19.5b | $12.7b | $30.7b | $34.3b | $40.3b | $76.0b | $60.0b | $73.8b | $100.1b | $132.2b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $19.5b | $12.7b | $30.7b | $34.3b | $40.3b | $76.0b | $60.0b | $73.8b | $100.1b | $132.2b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $19.5b | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | |
| Depreciation | — | — | — | — | — | — | — | $11.9b | $15.3b | $21.1b | |
| Depreciation of property and equipment | — | — | — | — | — | $10.3b | $13.5b | $11.9b | $15.3b | $21.1b | |
| Deferred Income Tax Expense (Benefit) | ($120.0m) | $177.0m | $773.0m | $145.0m | $1.3b | $1.9b | ($8.2b) | ($7.7b) | ($5.3b) | $8.2b | |
| Deferred income taxes | ($38.0m) | $258.0m | $778.0m | $173.0m | $1.4b | $1.8b | ($8.1b) | ($7.8b) | ($5.3b) | $8.3b | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Share-based Payment Arrangement, Expense | $6.9b | $7.9b | $10.0b | $11.7b | $13.4b | $15.7b | $19.5b | $22.1b | $22.8b | $27.1b | |
| Share-based Payment Arrangement, Noncash Expense | $6.7b | $7.7b | $9.4b | $10.8b | $13.0b | $15.4b | $19.4b | $22.5b | $22.8b | $25.0b | |
| Income (Loss) from Equity Method Investments | ($202.0m) | ($156.0m) | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $4.7b | $14.5b | $4.2b | $5.3b | $7.8b | $14.7b | $11.4b | $11.9b | $19.7b | $26.7b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $268.0m | $736.0m | |
| Other Nonoperating Income (Expense) | $88.0m | $159.0m | $378.0m | $102.0m | ($637.0m) | $411.0m | $381.0m | $299.0m | $919.0m | $1.7b | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Accounts payable | $110.0m | $731.0m | $1.1b | $428.0m | $694.0m | $283.0m | $707.0m | $664.0m | $359.0m | $907.0m | |
| Accounts receivable, net | ($2.6b) | ($3.8b) | ($2.2b) | ($4.3b) | ($6.5b) | ($9.1b) | ($2.3b) | ($7.8b) | ($5.9b) | ($8.8b) | |
| Accrued expenses and other liabilities | $1.5b | $4.9b | $8.6b | $7.2b | $5.5b | $7.3b | $3.9b | $3.9b | ($1.2b) | $12.9b | |
| Accrued revenue share | $593.0m | $955.0m | $483.0m | $1.3b | $1.6b | $1.7b | ($445.0m) | $482.0m | $1.1b | $899.0m | |
| Acquisitions, net of cash acquired, and purchases of intangible assets | ($986.0m) | ($287.0m) | ($1.5b) | ($2.5b) | ($738.0m) | ($2.6b) | ($7.0b) | ($495.0m) | ($2.9b) | ($1.6b) | |
| Debt Securities, Realized Gain (Loss) | $73.0m | $37.0m | $1.2b | $149.0m | $725.0m | ($110.0m) | ($2.1b) | ($1.2b) | ($1.0b) | $540.0m | |
| Debt and Equity Securities, Gain (Loss) | $73.0m | $37.0m | $6.7b | $2.8b | $6.3b | $12.3b | ($5.5b) | ($823.0m) | $2.7b | $24.6b | |
| Deferred revenue | $223.0m | $390.0m | $371.0m | $37.0m | $635.0m | $774.0m | $367.0m | $525.0m | $1.0b | $2.4b | |
| Equity Securities, FV-NI, Gain (Loss) | $73.0m | $37.0m | $5.5b | $2.6b | $5.6b | $12.4b | ($3.5b) | $392.0m | $3.7b | $24.1b | |
| Equity Securities, FV-NI, Realized Gain (Loss) | $73.0m | $37.0m | $1.5b | ($301.0m) | $1.3b | $1.2b | ($442.0m) | $690.0m | $186.0m | $778.0m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | $73.0m | $37.0m | $4.0b | $3.0b | $4.3b | $11.2b | ($3.2b) | $790.0m | $156.0m | $1.9b | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($475.0m) | ($121.0m) | ($80.0m) | $103.0m | ($344.0m) | ($240.0m) | ($654.0m) | ($1.2b) | ($409.0m) | ($382.0m) | |
| General and Administrative Expense | $7.0b | $6.9b | $8.1b | $9.6b | $11.1b | $13.5b | $15.7b | $16.4b | $14.2b | $21.5b | |
| Goodwill | $16.5b | $16.7b | $17.9b | $20.6b | $21.2b | $23.0b | $29.0b | $29.2b | $31.9b | $33.4b | |
| Income taxes, net | $3.1b | $8.2b | ($2.3b) | ($3.1b) | $1.2b | ($625.0m) | $584.0m | $523.0m | ($2.4b) | ($3.2b) | |
| Increase (Decrease) in Accounts Payable | $110.0m | $731.0m | $1.1b | $428.0m | $694.0m | $283.0m | $707.0m | $664.0m | $359.0m | $907.0m | |
| Increase (Decrease) in Accounts Receivable | $2.6b | $3.8b | $2.2b | $4.3b | $6.5b | $9.1b | $2.3b | $7.8b | $5.9b | $8.8b | |
| Loss (gain) on debt and equity securities, net | $73.0m | $37.0m | ($6.7b) | ($2.8b) | ($6.3b) | ($12.3b) | $5.5b | $823.0m | ($2.7b) | ($24.6b) | |
| Maturities and sales of marketable securities | $66.9b | $74.0b | $48.5b | $97.8b | $132.9b | $128.3b | $97.8b | $86.7b | $103.4b | $83.2b | |
| Maturities and sales of non-marketable securities | $494.0m | $533.0m | $1.8b | $405.0m | $1.0b | $934.0m | $150.0m | $947.0m | $882.0m | $1.4b | |
| Net payments related to stock-based award activities | ($3.3b) | ($4.2b) | ($5.0b) | ($4.8b) | ($5.7b) | ($10.2b) | ($9.3b) | ($9.8b) | ($12.2b) | ($14.2b) | |
| Nonoperating Income (Expense) | $434.0m | $1.0b | $8.6b | $5.4b | $6.9b | $12.0b | ($3.5b) | $1.4b | $7.4b | $29.8b | |
| Other | $174.0m | $137.0m | ($189.0m) | ($592.0m) | $1.3b | ($213.0m) | $1.0b | $4.3b | $3.4b | $2.1b | |
| Other assets | $312.0m | ($2.2b) | ($1.2b) | ($621.0m) | ($1.3b) | ($1.8b) | ($5.0b) | ($2.1b) | ($1.4b) | ($4.5b) | |
| Proceeds from Stock Options Exercised | $298.0m | — | — | — | — | — | — | — | — | — | |
| Proceeds from sale of interest in consolidated entities, net | $0 | $800.0m | $950.0m | $220.0m | $2.8b | $310.0m | $35.0m | $8.0m | $1.2b | $400.0m | |
| Purchases of marketable securities | ($84.5b) | ($92.2b) | ($50.2b) | ($100.3b) | ($136.6b) | ($135.2b) | ($78.9b) | ($77.9b) | ($86.7b) | ($103.8b) | |
| Purchases of non-marketable securities | ($1.1b) | ($1.7b) | ($2.1b) | ($1.9b) | ($7.2b) | ($2.8b) | ($2.5b) | ($3.0b) | ($5.0b) | ($5.7b) | |
| Purchases of property and equipment included in accrued liabilities and accounts payable | — | — | — | — | — | — | — | $7.4b | $10.3b | $15.1b | |
| Purchases of property and equipment, accrued but unpaid | $10.2b | $13.2b | $25.1b | $23.5b | $22.3b | $24.6b | $31.5b | $32.3b | $52.5b | $91.4b | |
| Repurchases of stock | ($3.7b) | ($4.8b) | ($9.1b) | ($18.4b) | ($31.1b) | ($50.3b) | ($59.3b) | ($61.5b) | ($62.2b) | ($45.7b) | |
| Stock-based compensation expense | $6.7b | $7.7b | $9.4b | $10.8b | $13.0b | $15.4b | $19.4b | $22.5b | $22.8b | $25.0b | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $351.0m | ($93.0m) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $36.0b | $37.1b | $48.0b | $54.5b | $65.1b | $91.7b | $91.5b | $101.7b | $125.3b | $164.7b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $10.2b | $13.2b | $25.1b | $23.5b | $22.3b | $24.6b | $31.5b | $32.3b | $52.5b | $91.4b | |
| Other investing activities | — | $99.0m | $98.0m | $589.0m | $68.0m | $541.0m | $1.6b | ($1.1b) | ($2.7b) | ($2.4b) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($589.0m) | ($68.0m) | ($541.0m) | ($1.6b) | $1.1b | $2.7b | $2.4b | |
| Net Cash Provided by (Used in) Investing Activities | ($31.2b) | ($31.4b) | ($28.5b) | ($29.5b) | ($32.8b) | ($35.5b) | ($20.3b) | ($27.1b) | ($45.5b) | ($120.3b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from issuance of debt, net of costs | $8.7b | $4.3b | $6.8b | $317.0m | $11.8b | $20.2b | $52.9b | $10.8b | $13.6b | $64.6b | |
| Repayments of debt | ($10.1b) | ($4.4b) | ($6.8b) | ($585.0m) | ($2.1b) | ($21.4b) | ($54.1b) | ($11.6b) | ($12.7b) | ($32.4b) | |
| Payments for Repurchase of Common Stock | $3.7b | $4.8b | $9.1b | $18.4b | $31.1b | $50.3b | $59.3b | $61.5b | $62.2b | $45.7b | |
| Proceeds from Noncontrolling Interests | — | $800.0m | $950.0m | $220.0m | $2.8b | $310.0m | $35.0m | $8.0m | $1.2b | $400.0m | |
| Dividend payments | $0 | $0 | — | — | — | — | $0 | $0 | ($7.4b) | ($10.0b) | |
| Dividends paid | $0 | $0 | — | — | — | — | — | — | $7.4b | $10.0b | |
| Net Cash Provided by (Used in) Financing Activities | ($8.3b) | ($8.3b) | ($13.2b) | ($23.2b) | ($24.4b) | ($61.4b) | ($69.8b) | ($72.1b) | ($79.7b) | ($37.4b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($170.0m) | $405.0m | ($302.0m) | ($23.0m) | $24.0m | ($287.0m) | ($506.0m) | ($421.0m) | ($612.0m) | $208.0m | |
| Effect of exchange rate changes on cash and cash equivalents | ($170.0m) | $405.0m | ($302.0m) | ($23.0m) | $24.0m | ($287.0m) | ($506.0m) | ($421.0m) | ($612.0m) | $208.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($170.0m) | $405.0m | ($302.0m) | $1.8b | $8.0b | ($5.5b) | $934.0m | $2.2b | ($582.0m) | $7.2b | |
| Net increase (decrease) in cash and cash equivalents | ($3.6b) | ($2.2b) | $6.0b | $1.8b | $8.0b | ($5.5b) | $934.0m | $2.2b | ($582.0m) | $7.2b | |
| Cash and cash equivalents at beginning of period | $16.5b | $12.9b | $10.7b | $18.5b | $26.5b | $20.9b | $21.9b | $24.0b | $23.5b | $30.7b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $18.5b | $26.5b | $20.9b | $21.9b | $24.0b | $23.5b | $30.7b | |
| Cash, Cash Equivalents, and Short-term Investments | $86.3b | $101.9b | $109.1b | $119.7b | $136.7b | $139.6b | $113.8b | $110.9b | $95.7b | $126.8b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $84.0m | $69.0m | — | — | — | — | — | — | — | |
| Income Taxes Paid, Net | $1.6b | $6.2b | $5.7b | $8.2b | $5.0b | $13.4b | $18.9b | $19.2b | $27.4b | $21.5b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.