Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
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
Marketable securities
Cash, cash equivalents, and marketable securities
Accounts receivable, net
Other current assets
Current assets
Non-marketable securities
Deferred income taxes
Property and equipment, net
Operating lease assets
Goodwill
Other non-current assets
Non-current assets
Total assets

Based on: 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).


Liquidity and Cash Position
The proportion of cash and cash equivalents relative to total assets fluctuated modestly over the observed periods, starting at 7.18% in March 2020, declining to a low near 4.64% in September 2024, and slightly increasing to 4.89% by March 2025. Marketable securities exhibited a clear downward trend, decreasing steadily from 35.69% in March 2020 to 15.16% by March 2025. Combined cash, cash equivalents, and marketable securities declined from 42.88% to 20.05%, indicating a diminishing liquid asset base relative to total assets over time.
Current Assets Composition
Accounts receivable as a percentage of total assets displayed mild variability, with values generally ranging between 7.61% and 11.62%, peaking in December 2023 at 11.92%. Other current assets fluctuated but showed an overall increase, rising from 2.91% to approximately 3.31% by March 2025 after peaking at 4.23% in September 2022. The total current assets portion of total assets declined steadily from 53.77% to 34.09% by March 2025, reflecting reductions in liquid and short-term asset proportions within the asset structure.
Non-Current Assets Trend
Non-marketable securities increased gradually from 4.52% to 10.73%, suggesting a shift toward more long-term, less liquid investments. Deferred income taxes expanded markedly, rising from a minimal 0.27% to 3.87% over the span, showing growing deferred tax liabilities or assets. Property and equipment net values rose steadily from 28.07% to 38.93%, highlighting significant investment in physical assets. Operating lease assets experienced a consistent decline from 4.10% to 2.89%, signaling possible lease terminations or changes in leasing strategy. Goodwill remained relatively stable, hovering between roughly 6.39% and 8.05%, without pronounced trend changes. Other non-current assets increased slightly, from 1.68% to 2.72%, with some variability.
Total Asset Structure
The composition of total assets shifted notably from mostly current assets toward non-current assets over the depicted periods. Non-current assets' share increased from 46.23% to 65.91%, underscoring a strategic move toward long-term investments and fixed assets. This is concomitant with the reduction in current assets, which decreased as a proportion of total assets from 53.77% to 34.09%. Overall, total assets remained constant at 100% across all periods as expected.
Summary Insights
The data reveals a strategic repositioning of asset allocation, with a declining emphasis on liquid assets such as cash and marketable securities and an increased focus on long-term, non-current investments including property, equipment, and non-marketable securities. This transition suggests a longer-term investment horizon and potentially reflects broader business development or capital expenditure initiatives. The gradual increase in deferred income taxes may indicate growing complexity in tax-related accounting or deferred tax obligations arising from asset composition changes. The decline in operating lease assets might imply optimization of leased properties or adoption of alternative asset utilization strategies.