10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALPHABET INC. | |||
Ticker: GOOG Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 5, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | $ 136,819 | 110,855 | 90,272 |
| Costs and expenses: | |||
| Cost of revenues | 59,549 | 45,583 | 35,138 |
| Research and development | 21,419 | 16,625 | 13,948 |
| Sales and marketing | 16,333 | 12,893 | 10,485 |
| General and administrative | 8,126 | 6,872 | 6,985 |
| European Commission fines | 5,071 | 2,736 | 0 |
| Total costs and expenses | 110,498 | 84,709 | 66,556 |
| Income from operations | 26,321 | 26,146 | 23,716 |
| Other income (expense), net | 8,592 | 1,047 | 434 |
| Income before income taxes | 34,913 | 27,193 | 24,150 |
| Provision for income taxes | 4,177 | 14,531 | 4,672 |
| Net income | 30,736 | 12,662 | 19,478 |
| Basic net income per share of Class A and B common stock and Class C capital stock (in dollars per share) | 44.22 | 18.27 | 28.32 |
| Diluted net income per share of Class A and Class B common stock and Class C capital stock (in dollars per share) | 43.70 | 18.00 | 27.85 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALPHABET INC. | |||
Ticker: GOOG Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 5, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net income | $ 30,736 | 12,662 | 19,478 |
| Other comprehensive income (loss): | |||
| Change in foreign currency translation adjustment | (781) | 1,543 | (599) |
| Available-for-sale investments: | |||
| Change in net unrealized gains (losses) | 88 | 307 | (314) |
| Less: reclassification adjustment for net (gains) losses included in net income | (911) | 105 | 221 |
| Net change (net of tax effect of $0, $0, and $156) | (823) | 412 | (93) |
| Cash flow hedges: | |||
| Change in net unrealized gains (losses) | 290 | (638) | 515 |
| Less: reclassification adjustment for net (gains) losses included in net income | 98 | 93 | (351) |
| Net change (net of tax effect of $64, $247, and $103) | 388 | (545) | 164 |
| Other comprehensive income (loss) | (1,216) | 1,410 | (528) |
| Comprehensive income | 29,520 | 14,072 | 18,950 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ALPHABET INC. | |||
Ticker: GOOG Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 5, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating activities | |||
| Net income | $ 30,736 | 12,662 | 19,478 |
| Adjustments: | |||
| Depreciation and impairment of property and equipment | 8,164 | 6,103 | 5,267 |
| Amortization and impairment of intangible assets | 871 | 812 | 877 |
| Stock-based compensation expense | 9,353 | 7,679 | 6,703 |
| Deferred income taxes | 778 | 258 | (38) |
| (Gain) loss on debt and equity securities, net | (6,650) | 37 | 73 |
| Other | (189) | 294 | 376 |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (2,169) | (3,768) | (2,578) |
| Income taxes, net | (2,251) | 8,211 | 3,125 |
| Other assets | (1,207) | (2,164) | 312 |
| Accounts payable | 1,067 | 731 | 110 |
| Accrued expenses and other liabilities | 8,614 | 4,891 | 1,515 |
| Accrued revenue share | 483 | 955 | 593 |
| Deferred revenue | 371 | 390 | 223 |
| Net cash provided by operating activities | 47,971 | 37,091 | 36,036 |
| Investing activities | |||
| Purchases of property and equipment | (25,139) | (13,184) | (10,212) |
| Proceeds from disposals of property and equipment | 98 | 99 | 240 |
| Purchases of marketable securities | (50,158) | (92,195) | (84,509) |
| Maturities and sales of marketable securities | 48,507 | 73,959 | 66,895 |
| Purchases of non-marketable investments | (2,073) | (1,745) | (1,109) |
| Maturities and sales of non-marketable investments | 1,752 | 533 | 494 |
| Cash collateral related to securities lending | 0 | 0 | (2,428) |
| Investments in reverse repurchase agreements | 0 | 0 | 450 |
| Acquisitions, net of cash acquired, and purchases of intangible assets | (1,491) | (287) | (986) |
| Proceeds from collection of notes receivable | 0 | 1,419 | 0 |
| Net cash used in investing activities | (28,504) | (31,401) | (31,165) |
| Financing activities | |||
| Net payments related to stock-based award activities | (4,993) | (4,166) | (3,304) |
| Repurchases of capital stock | (9,075) | (4,846) | (3,693) |
| Proceeds from issuance of debt, net of costs | 6,766 | 4,291 | 8,729 |
| Repayments of debt | (6,827) | (4,377) | (10,064) |
| Proceeds from sale of subsidiary shares | 950 | 800 | 0 |
| Net cash used in financing activities | (13,179) | (8,298) | (8,332) |
| Effect of exchange rate changes on cash and cash equivalents | (302) | 405 | (170) |
| Net increase (decrease) in cash and cash equivalents | 5,986 | (2,203) | (3,631) |
| Cash and cash equivalents at beginning of period | 10,715 | 12,918 | |
| Cash and cash equivalents at end of period | 16,701 | 10,715 | 12,918 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for taxes, net of refunds | 5,671 | 6,191 | 1,643 |
| Cash paid for interest, net of amounts capitalized | 69 | 84 | 84 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ALPHABET INC. | ||
Ticker: GOOG Fiscal Year: 2018 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 5, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 16,701 | 10,715 |
| Marketable securities | 92,439 | 91,156 |
| Total cash, cash equivalents, and marketable securities | 109,140 | 101,871 |
| Accounts receivable, net of allowance of $674 and $729 | 20,838 | 18,336 |
| Income taxes receivable, net | 355 | 369 |
| Inventory | 1,107 | 749 |
| Other current assets | 4,236 | 2,983 |
| Total current assets | 135,676 | 124,308 |
| Non-marketable investments | 13,859 | 7,813 |
| Deferred income taxes | 737 | 680 |
| Property and equipment, net | 59,719 | 42,383 |
| Intangible assets, net | 2,220 | 2,692 |
| Goodwill | 17,888 | 16,747 |
| Other non-current assets | 2,693 | 2,672 |
| Total assets | 232,792 | 197,295 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Accounts payable | 4,378 | 3,137 |
| Accrued compensation and benefits | 6,839 | 4,581 |
| Accrued expenses and other current liabilities | 16,958 | 10,177 |
| Accrued revenue share | 4,592 | 3,975 |
| Deferred revenue | 1,784 | 1,432 |
| Income taxes payable, net | 69 | 881 |
| Total current liabilities | 34,620 | 24,183 |
| Long-term debt | 4,012 | 3,969 |
| Deferred revenue, non-current | 396 | 340 |
| Income taxes payable, non-current | 11,327 | 12,812 |
| Deferred income taxes | 1,264 | 430 |
| Other long-term liabilities | 3,545 | 3,059 |
| Total liabilities | 55,164 | 44,793 |
| Commitments and Contingencies (Note 9) | ||
| Stockholders equity: | ||
| Convertible preferred stock, $0.001 par value per share, 100,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Class A and Class B common stock, and Class C capital stock and additional paid-in capital, $0.001 par value per share: 15,000,000 shares authorized (Class A 9,000,000, Class B 3,000,000, Class C 3,000,000); 694,783 (Class A 298,470, Class B 46,972, Class C 349,341) and 695,556 (Class A 299,242, Class B 46,636, Class C 349,678) shares issued and outstanding | 45,049 | 40,247 |
| Accumulated other comprehensive loss | (2,306) | (992) |
| Retained earnings | 134,885 | 113,247 |
| Total stockholders equity | 177,628 | 152,502 |
| Total liabilities and stockholders equity | 232,792 | 197,295 |
| External Links | |
| ALPHABET INC. (GOOG) Fiscal Year 2018 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |