Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Alphabet Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	73,795)	59,972)	76,033)	40,269)	34,343)
Depreciation of property and equipment	11,946)	13,475)	10,273)	12,905)	10,856)
Stock-based compensation expense	22,460)	19,362)	15,376)	12,991)	10,794)
Deferred income taxes	(7,763)	(8,081)	1,808)	1,390)	173)
(Gain) loss on debt and equity securities, net	823)	5,519)	(12,270)	(6,317)	(2,798)
Other	4,330)	3,483)	1,955)	2,059)	333)
Accounts receivable, net	(7,833)	(2,317)	(9,095)	(6,524)	(4,340)
Income taxes, net	523)	584)	(625)	1,209)	(3,128)
Other assets	(2,143)	(5,046)	(1,846)	(1,330)	(621)
Accounts payable	664)	707)	283)	694)	428)
Accrued expenses and other liabilities	3,937)	3,915)	7,304)	5,504)	7,170)
Accrued revenue share	482)	(445)	1,682)	1,639)	1,273)
Deferred revenue	525)	367)	774)	635)	37)
Changes in assets and liabilities, net of effects of acquisitions	(3,845)	(2,235)	(1,523)	1,827)	819)
Adjustments	27,951)	31,523)	15,619)	24,855)	20,177)
Net cash provided by operating activities	101,746)	91,495)	91,652)	65,124)	54,520)
Purchases of property and equipment	(32,251)	(31,485)	(24,640)	(22,281)	(23,548)
Purchases of marketable securities	(77,858)	(78,874)	(135,196)	(136,576)	(100,315)
Maturities and sales of marketable securities	86,672)	97,822)	128,294)	132,906)	97,825)
Purchases of non-marketable securities	(3,027)	(2,531)	(2,838)	(7,175)	(1,932)
Maturities and sales of non-marketable securities	947)	150)	934)	1,023)	405)
Acquisitions, net of cash acquired, and purchases of intangible assets	(495)	(6,969)	(2,618)	(738)	(2,515)
Other investing activities	(1,051)	1,589)	541)	68)	589)
Net cash used in investing activities	(27,063)	(20,298)	(35,523)	(32,773)	(29,491)
Net payments related to stock-based award activities	(9,837)	(9,300)	(10,162)	(5,720)	(4,765)
Repurchases of stock	(61,504)	(59,296)	(50,274)	(31,149)	(18,396)
Proceeds from issuance of debt, net of costs	10,790)	52,872)	20,199)	11,761)	317)
Repayments of debt	(11,550)	(54,068)	(21,435)	(2,100)	(585)
Proceeds from sale of interest in consolidated entities, net	8)	35)	310)	2,800)	220)
Net cash used in financing activities	(72,093)	(69,757)	(61,362)	(24,408)	(23,209)
Effect of exchange rate changes on cash and cash equivalents	(421)	(506)	(287)	24)	(23)
Net increase (decrease) in cash and cash equivalents	2,169)	934)	(5,520)	7,967)	1,797)
Cash and cash equivalents at beginning of period	21,879)	20,945)	26,465)	18,498)	16,701)
Cash and cash equivalents at end of period	24,048)	21,879)	20,945)	26,465)	18,498)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Alphabet Inc. net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Alphabet Inc. net cash used in investing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Alphabet Inc. net cash used in financing activities decreased from 2021 to 2022 and from 2022 to 2023.

Alphabet Inc. (NASDAQ:GOOG)

Cash Flow Statement