Common-Size Balance Sheet: Assets
Quarterly Data
Alphabet Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-09-30), 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 Marketable Securities
- The proportion of cash and cash equivalents relative to total assets exhibits a mild decline over the periods, starting from 7.18% in March 2020 and gradually dropping to around 4.3% by September 2025. Marketable securities show a more pronounced downward trend, decreasing from 35.69% in early 2020 to 14.06% by late 2025. Combined, these liquid assets (cash, cash equivalents, and marketable securities) decrease significantly from 42.88% to 18.36%, indicating a strategic reduction in highly liquid holdings over time.
- Accounts Receivable and Other Current Assets
- Accounts receivable as a percent of total assets remain relatively stable with some fluctuations, generally ranging between approximately 7.6% and 11.6%. There is a slight upward trend toward the later periods, suggesting a moderate increase in receivables relative to total assets. Other current assets fluctuate modestly without a clear directional trend, mostly maintaining in the 2-4% range, with occasional rises and falls.
- Current Assets
- Overall current assets as a percentage of total assets show a downward pattern, decreasing from about 53.77% in early 2020 to roughly 32.42% by September 2025. This decline is consistent with the falling levels of cash and marketable securities and indicates a decreasing share of total assets held in current asset categories over the period analyzed.
- Non-Marketable Securities and Deferred Income Taxes
- Non-marketable securities experience a gradual increase from 4.52% to near 11.89% in the later periods, reflecting a strategic shift toward less liquid, longer-term investment instruments. Deferred income taxes grow steadily from 0.27% to a peak near 3.87% but demonstrate some volatility toward the latest quarters, including a decrease toward 1.93% near the end, which may indicate changes in tax liabilities or asset valuation policies.
- Property and Equipment, Net
- Property and equipment show an increasing trend, rising from approximately 28.07% to over 41.71% of total assets. This suggests continued investment in fixed assets, possibly reflecting expansion or modernization efforts over the years. This asset class increasingly represents a larger share of total assets, signifying a capital-intensive approach growing in importance.
- Operating Lease Assets
- Operating lease assets display a slight but consistent decline from 4.1% to 2.71%, indicating reduced reliance on leased assets or possible structural changes in leasing strategies.
- Goodwill
- Goodwill remains relatively stable as a percentage of total assets, fluctuating moderately around 6-8%. There is a subtle downward trend observed toward the end, which might imply amortization or impairment, or a slower pace of acquisitions affecting goodwill.
- Other Non-Current Assets
- Other non-current assets generally maintain a small but increasing presence, moving from approximately 1.68% to above 3% of total assets, indicating incremental growth in other long-term asset categories.
- Non-Current Assets Overall
- The share of non-current assets relative to total assets grows notably from around 46.23% to over 67.5%, signifying a substantial reallocation toward longer-term asset investments. This trend complements the increase in property and equipment while the current assets proportion simultaneously decreases.