Adjustments to Financial Statements
Advanced level
Adjustments to Current Assets
Alphabet Inc., adjusted current assets
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Current assets |
174,296 | 152,578 | 135,676 | 124,308 | 105,408 |
|
Adjustments |
|
|
Add: Allowance for credit losses on accounts receivable |
789 | 753 | 729 | 674 | 467 |
|
After Adjustment |
|
|
Adjusted current assets |
175,085 |
153,331 |
136,405 |
124,982 |
105,875 |
Based on:
10-K (filing date: 2021-02-03),
10-K (filing date: 2020-02-04),
10-K (filing date: 2019-02-05),
10-K (filing date: 2018-02-06),
10-K (filing date: 2017-02-03).
Adjustments to Total Assets
Alphabet Inc., adjusted total assets
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Total assets |
319,616 | 275,909 | 232,792 | 197,295 | 167,497 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
— | — | 8,872 | 7,693 | 6,884 |
|
|
Add: Allowance for credit losses on accounts receivable |
789 | 753 | 729 | 674 | 467 |
|
|
Less: Deferred tax assets2 |
1,084 | 721 | 737 | 680 | 383 |
|
After Adjustment |
|
|
Adjusted total assets |
319,321 |
275,941 |
241,656 |
204,982 |
174,465 |
Based on:
10-K (filing date: 2021-02-03),
10-K (filing date: 2020-02-04),
10-K (filing date: 2019-02-05),
10-K (filing date: 2018-02-06),
10-K (filing date: 2017-02-03).
Adjustments to Current Liabilities
Alphabet Inc., adjusted current liabilities
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Current liabilities |
56,834 | 45,221 | 34,620 | 24,183 | 16,756 |
|
Adjustments |
|
|
Less: Deferred revenue, current |
2,543 | 1,908 | 1,784 | 1,432 | 1,099 |
|
After Adjustment |
|
|
Adjusted current liabilities |
54,291 |
43,313 |
32,836 |
22,751 |
15,657 |
Based on:
10-K (filing date: 2021-02-03),
10-K (filing date: 2020-02-04),
10-K (filing date: 2019-02-05),
10-K (filing date: 2018-02-06),
10-K (filing date: 2017-02-03).
Adjustments to Total Liabilities
Alphabet Inc., adjusted total liabilities
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Total liabilities |
97,072 | 74,467 | 55,164 | 44,793 | 28,461 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | — | 8,872 | 7,693 | 6,884 |
|
|
Less: Deferred tax liabilities2 |
3,561 | 1,701 | 1,264 | 430 | 226 |
|
|
Less: Deferred revenue |
3,024 | 2,266 | 2,180 | 1,772 | 1,301 |
|
After Adjustment |
|
|
Adjusted total liabilities |
90,487 |
70,500 |
60,592 |
50,284 |
33,818 |
Based on:
10-K (filing date: 2021-02-03),
10-K (filing date: 2020-02-04),
10-K (filing date: 2019-02-05),
10-K (filing date: 2018-02-06),
10-K (filing date: 2017-02-03).
Adjustments to Stockholders’ Equity
Alphabet Inc., adjusted stockholders’ equity
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Stockholders’ equity |
222,544 | 201,442 | 177,628 | 152,502 | 139,036 |
|
Adjustments |
|
|
Less: Net deferred tax assets (liabilities)1 |
(2,477) | (980) | (527) | 250 | 157 |
|
|
Add: Allowance for credit losses on accounts receivable |
789 | 753 | 729 | 674 | 467 |
|
|
Add: Deferred revenue |
3,024 | 2,266 | 2,180 | 1,772 | 1,301 |
|
After Adjustment |
|
|
Adjusted stockholders’ equity |
228,834 |
205,441 |
181,064 |
154,698 |
140,647 |
Based on:
10-K (filing date: 2021-02-03),
10-K (filing date: 2020-02-04),
10-K (filing date: 2019-02-05),
10-K (filing date: 2018-02-06),
10-K (filing date: 2017-02-03).
Adjustments to Capitalization Table
Alphabet Inc., adjusted capitalization table
US$ in millions
|
|
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Current portion of Notes |
999 | — | — | — | — |
|
|
Current portion future finance lease payments, net |
101 | 115 | — | — | — |
|
|
Long-term debt, excluding current portion |
13,932 | 4,554 | 4,012 | 3,969 | 3,935 |
|
|
Total reported debt |
15,032 |
4,669 |
4,012 |
3,969 |
3,935 |
|
|
Stockholders’ equity |
222,544 | 201,442 | 177,628 | 152,502 | 139,036 |
|
|
Total reported capital |
237,576 |
206,111 |
181,640 |
156,471 |
142,971 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | — | 8,872 | 7,693 | 6,884 |
|
|
Add: Current operating lease liabilities2 |
1,694 | 1,199 | — | — | — |
|
|
Add: Long-term operating lease liabilities3 |
11,146 | 10,214 | — | — | — |
|
|
Adjusted total debt |
27,872 |
16,082 |
12,884 |
11,662 |
10,819 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax assets (liabilities)4 |
(2,477) | (980) | (527) | 250 | 157 |
|
|
Add: Allowance for credit losses on accounts receivable |
789 | 753 | 729 | 674 | 467 |
|
|
Add: Deferred revenue |
3,024 | 2,266 | 2,180 | 1,772 | 1,301 |
|
|
Adjusted stockholders’ equity |
228,834 |
205,441 |
181,064 |
154,698 |
140,647 |
|
After Adjustment |
|
|
Adjusted total capital |
256,706 |
221,523 |
193,948 |
166,360 |
151,466 |
Based on:
10-K (filing date: 2021-02-03),
10-K (filing date: 2020-02-04),
10-K (filing date: 2019-02-05),
10-K (filing date: 2018-02-06),
10-K (filing date: 2017-02-03).
Adjustments to Revenues
Alphabet Inc., adjusted revenues
US$ in millions
|
12 months ended: |
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Revenues |
182,527 | 161,857 | 136,819 | 110,855 | 90,272 |
|
Adjustment |
|
|
Add: Increase (decrease) in deferred revenue |
758 | 86 | 408 | 471 | 362 |
|
After Adjustment |
|
|
Adjusted revenues |
183,285 |
161,943 |
137,227 |
111,326 |
90,634 |
Based on:
10-K (filing date: 2021-02-03),
10-K (filing date: 2020-02-04),
10-K (filing date: 2019-02-05),
10-K (filing date: 2018-02-06),
10-K (filing date: 2017-02-03).
Adjustments to Reported Income
Alphabet Inc., adjusted net income
US$ in millions
|
12 months ended: |
Dec 31, 2020 |
Dec 31, 2019 |
Dec 31, 2018 |
Dec 31, 2017 |
Dec 31, 2016 |
|
As Reported |
|
|
Net income |
40,269 | 34,343 | 30,736 | 12,662 | 19,478 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
1,337 | 145 | 773 | 177 | (120) |
|
|
Add: Increase (decrease) in allowance for credit losses on accounts receivable |
514 | 24 | 55 | 207 | 171 |
|
|
Add: Increase (decrease) in deferred revenue |
758 | 86 | 408 | 471 | 362 |
|
|
Add: Other comprehensive income (loss) |
1,865 | 1,104 | (1,216) | 1,410 | (528) |
|
After Adjustment |
|
|
Adjusted net income |
44,743 |
35,702 |
30,756 |
14,927 |
19,363 |
Based on:
10-K (filing date: 2021-02-03),
10-K (filing date: 2020-02-04),
10-K (filing date: 2019-02-05),
10-K (filing date: 2018-02-06),
10-K (filing date: 2017-02-03).
