Stock Analysis on Net
Stock Analysis on Net
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Alphabet Inc. (NASDAQ:GOOG)

Income Statement

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Alphabet Inc., consolidated income statement

US$ in millions

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Revenues 182,527  161,857  136,819  110,855  90,272 
Cost of revenues (84,732) (71,896) (59,549) (45,583) (35,138)
Gross profit 97,795  89,961  77,270  65,272  55,134 
Research and development (27,573) (26,018) (21,419) (16,625) (13,948)
Sales and marketing (17,946) (18,464) (16,333) (12,893) (10,485)
General and administrative (11,052) (9,551) (8,126) (6,872) (6,985)
European Commission fines —  (1,697) (5,071) (2,736) — 
Income from operations 41,224  34,231  26,321  26,146  23,716 
Interest income 1,865  2,427  1,878  1,312  1,220 
Interest expense (135) (100) (114) (109) (124)
Foreign currency exchange gain (loss), net (344) 103  (80) (121) (475)
Gain (loss) on debt securities, net 725  149  1,190  (110) (53)
Gain (loss) on equity securities, net 5,592  2,649  5,460  73  (20)
Performance fees (609) (326) —  —  — 
Income (loss) and impairment from equity method investments, net 401  390  (120) (156) (202)
Other (637) 102  378  158  88 
Other income (expense), net 6,858  5,394  8,592  1,047  434 
Income before income taxes 48,082  39,625  34,913  27,193  24,150 
Provision for income taxes (7,813) (5,282) (4,177) (14,531) (4,672)
Net income 40,269  34,343  30,736  12,662  19,478 

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).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Alphabet Inc.’s revenues increased from 2018 to 2019 and from 2019 to 2020.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Alphabet Inc.’s income from operations increased from 2018 to 2019 and from 2019 to 2020.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Alphabet Inc.’s income before income taxes increased from 2018 to 2019 and from 2019 to 2020.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Alphabet Inc.’s net income increased from 2018 to 2019 and from 2019 to 2020.