Alphabet Inc.

NasdaqGS-GOOGL

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	34,979	28,196	34,540	26,536	26,301	23,619
Net Income
Depreciation & Amortization	5,611	4,998	4,487	4,205	3,985	3,708
Depreciation and Impairment of Property and Equipment
Amortization and Impairment of Intangible Assets
Depreciation of Property and Equipment
Stock Based Compensation	6,368	5,998	5,516	5,810	5,846	5,865
Stock-Based Compensation Expense
Other Adjustments	-2,327	-1,335	-10,631	-554	-1,645	-1,282
Deferred Income Taxes
Loss on Marketable and Non-Marketable Investments, Net
Gain (Loss) on Debt and Equity Securities, Net
Other
Changes in Trade Receivables	-2,381	-2,839	1,638	-4,570	-1,431	-3,057
Accounts Receivable, Net
Changes in Accounts Payable	-444	553	-880	401	521	1,561
Accounts Payable
Changes in Accrued Expenses	7,759	3,485	-5,045	5,205	-1,190	-122
Accrued Expenses and Other Liabilities
Changes in Income Taxes Payable	-858	-9,631	7,197	379	-1,908	-3,900
Income Taxes, Net
Changes in Unearned Revenue	681	136	500	183	640	361
Deferred Revenue
Changes in Other Operating Activities	-974	-1,814	-1,172	1,518	-421	-113
Other Assets
Accrued Revenue Share
Cash from Operating Activities	48,414	27,747	36,150	39,113	30,698	26,640
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-23,953	-22,446	-17,197	-14,276	-13,061	-13,186
Purchases of Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—
Proceeds from Disposals of Property and Equipment
Purchases of Investments	-21,964	-22,771	-19,411	-23,445	-23,058	-23,320
Purchases of Marketable Securities
Purchases of Non-Marketable Securities
Proceeds from Sale of Investments	20,694	21,199	20,604	21,799	23,329	33,884
Maturities and Sales of Marketable Securities
Maturities and Sales of Non-Marketable Securities
Payments for Business Acquisitions	-1,072	-13	-340	-91	-2,753	-26
Acquisitions, Net of Cash Acquired, and Purchases of Intangible Assets
Other Investing Activities	-1,482	-513	150	-167	-2,468	-133
Cash Collateral Related to Securities Lending
Investments in Reverse Repurchase Agreements
Proceeds from Collection of Notes Receivable
Other Investing Activities
Cash from Investing Activities	-27,777	-24,544	-16,194	-16,180	-18,011	-2,781
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	6,624	26,846	4,532	4,895	3,819	2,893
Proceeds from Issuance of Debt, Net of Costs
Repayments of Long-Term Debt	-7,697	-13,876	-4,521	-3,750	-3,449	-2,423
Repayments of Debt
Net Issuance / (Repayments) of Long-Term Debt	-1,073	12,970	11	1,145	370	470
Issuance of Common Shares	-3,270	-2,621	-3,110	-3,049	-3,003	-3,209
Net Payments Related to Stock-Based Award Activities
Repurchases of Common Shares	-11,504	-13,638	-15,068	-15,551	-15,291	-15,684
Repurchases of Stock
Net Issuance / (Repurchases) of Common Shares	-14,774	-16,259	-18,178	-18,600	-18,294	-18,893
Common Share Dividends Paid	-2,536	-2,543	-2,434	-2,442	-2,455	-2,466
Dividend Payments
Other Financing Activities	—	—	400	861	285	—
Adjustment Payment to Class C Capital Stockholders
Proceeds from Sale of Interest in Consolidated Entities, Net
Cash from Financing Activities	-18,383	-5,832	-20,201	-19,036	-20,094	-20,889
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	24,461	5,301	18,953	24,837	17,637	13,454
NOPAT	24,832.9	25,984.1	25,296.9	25,490	23,659	23,511
Levered Free Cash Flow	21,728	16,447	22,441	25,296	15,237	12,398
Unlevered Free Cash Flow	12,654.9	1,265.1	13,186.9	23,105	12,225	11,820
Net Change in Cash	2,254	-2,629	-245	3,897	-7,407	2,970