Stock Analysis on Net
Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

Common-Size Balance Sheet: Assets 
Quarterly Data

Alphabet Inc., common-size consolidated balance sheet: assets (quarterly data)

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Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 4.19 4.89 5.21 4.64 6.56 6.01 5.98 7.74 6.77 7.02 5.99 6.14 5.05 5.85 5.83 6.83 7.05 8.14 8.28 6.73 6.37 7.18
Marketable securities 14.76 15.16 16.03 17.03 17.72 20.52 21.59 22.49 24.12 24.14 25.16 26.32 30.14 31.67 33.04 34.05 33.46 33.17 34.49 37.58 37.11 35.69
Cash, cash equivalents, and marketable securities 18.95% 20.05% 21.25% 21.67% 24.28% 26.53% 27.56% 30.23% 30.89% 31.15% 31.15% 32.45% 35.19% 37.52% 38.87% 40.88% 40.51% 41.30% 42.77% 44.31% 43.48% 42.88%
Accounts receivable, net 10.96 10.73 11.62 11.41 11.35 10.94 11.92 10.34 10.13 9.75 11.02 9.69 10.05 9.72 10.94 9.80 9.53 8.56 9.68 8.33 7.61 7.98
Other current assets 3.19 3.31 3.49 3.53 3.42 3.15 3.14 3.87 3.04 2.94 2.95 4.23 3.28 2.57 2.56 2.32 2.35 2.76 2.09 2.29 2.44 2.91
Current assets 33.11% 34.09% 36.36% 36.61% 39.06% 40.62% 42.63% 44.44% 44.06% 43.84% 45.12% 46.37% 48.53% 49.81% 52.37% 53.00% 52.39% 52.63% 54.53% 54.93% 53.53% 53.77%
Non-marketable securities 10.47 10.73 8.44 8.41 8.24 8.35 7.71 7.79 8.15 8.45 8.35 8.49 8.63 8.55 8.22 7.51 7.61 7.73 6.48 4.90 4.65 4.52
Deferred income taxes 3.84 3.87 3.82 3.70 3.61 2.87 3.02 2.77 2.44 1.86 1.44 0.83 0.42 0.39 0.36 0.34 0.34 0.35 0.34 0.32 0.32 0.27
Property and equipment, net 40.48 38.93 37.99 37.48 36.44 35.15 33.39 31.69 31.64 31.82 30.85 30.25 29.91 29.18 27.17 27.24 27.34 26.78 26.52 27.28 28.28 28.07
Operating lease assets 2.84 2.89 3.02 3.15 3.28 3.38 3.50 3.58 3.78 3.91 3.94 3.82 3.77 3.64 3.61 3.72 3.87 3.85 3.82 3.99 4.15 4.10
Goodwill 6.44 6.77 7.08 7.42 7.04 7.16 7.26 7.35 7.63 7.85 7.93 8.05 6.74 6.44 6.39 6.51 6.68 6.83 6.63 6.97 7.48 7.58
Other non-current assets 2.82 2.72 3.30 3.22 2.34 2.47 2.50 2.38 2.29 2.28 2.38 2.19 2.00 1.99 1.89 1.68 1.77 1.83 1.69 1.60 1.59 1.68
Non-current assets 66.89% 65.91% 63.64% 63.39% 60.94% 59.38% 57.37% 55.56% 55.94% 56.16% 54.88% 53.63% 51.47% 50.19% 47.63% 47.00% 47.61% 47.37% 45.47% 45.07% 46.47% 46.23%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets shows a general declining trend from 7.18% in March 2020 to 4.19% in June 2025. Some fluctuations are observed, but overall the share decreases, indicating a gradual reduction in highly liquid assets.
Marketable securities
Marketable securities as a percentage of total assets display a consistent downward trend, falling from about 35.69% in March 2020 to 14.76% in June 2025. This significant reduction suggests a strategic shift away from marketable securities holdings over the observed period.
Cash, cash equivalents, and marketable securities combined
The combined share of these liquid assets also decreases steadily from 42.88% in March 2020 to 18.95% in June 2025. This decline is primarily driven by the reduction in marketable securities, reflecting a movement toward less liquid or alternative asset classes.
Accounts receivable, net
Accounts receivable as a percentage of total assets shows variability but a generally slight upward movement from 7.98% in March 2020 to about 10.96% in June 2025, with some spikes above 11%. This may indicate modest growth in credit sales or delayed collections over time.
Other current assets
The proportion of other current assets fluctuates moderately, mostly between approximately 2.29% and 4.23%, without a clear directional trend. A transient peak occurs around mid-2022, followed by stabilization near 3%, suggesting changes in other current asset categories but with no consistent pattern.
Current assets (total)
The total current assets relative to total assets present a declining trajectory, decreasing from over 53% in early 2020 to roughly 33% by mid-2025. This reduction indicates a strategic reallocation from current assets to more long-term or fixed assets.
Non-marketable securities
Non-marketable securities as a share of total assets increase steadily from approximately 4.52% in March 2020 to approximately 10.47% in June 2025. This growth contrasts with the decline in marketable securities, reflecting a possible preference shift towards less liquid, long-term investments.
Deferred income taxes
The percentage represented by deferred income taxes increases significantly, from around 0.27% in March 2020 to a range near 3.8%-3.9% by mid-2025. The rise suggests growing deferred tax assets or liabilities, perhaps due to timing differences in income recognition or tax planning strategies.
Property and equipment, net
Net property and equipment exhibit a consistent increase from 28.07% of total assets in early 2020 to over 40% by mid-2025. This notable growth indicates sustained investment in physical assets and capital expenditures, strengthening the fixed asset base.
Operating lease assets
Operating lease assets as a percentage of total assets gradually decline from 4.1% in March 2020 to approximately 2.84% in June 2025. This reduction may reflect changes in lease accounting policies, decreased leasing activity, or asset reclassification.
Goodwill
Goodwill remains relatively stable between approximately 6.4% and 8.0% throughout the period, with slight fluctuations but no strong upward or downward trend. This stability implies relative consistency in acquisition activity or impairment adjustments over time.
Other non-current assets
The share of other non-current assets experiences a mild increase, moving from around 1.6% in early 2020 to a variable range near 2.7%-3.3% by mid-2025, with some minor volatility. This may signify growth in intangible or non-traditional asset categories.
Non-current assets (total)
Non-current assets consistently grow as a percentage of total assets, rising from approximately 46.23% in March 2020 to nearly 67% in June 2025. This growth primarily comes from increases in property and equipment and non-marketable securities, reflecting a long-term investment focus and asset base expansion.
Total assets composition
The data shows a clear shift in asset composition over the analyzed period, with a decreasing emphasis on highly liquid assets and current assets overall, and an increasing focus on fixed and long-term assets. This strategic shift suggests a move toward greater capitalization in property, equipment, and less liquid security holdings, potentially to support future growth or operational stability.