Cash Flow Statement
Quarterly Data
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.
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- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Alphabet Inc., consolidated cash flow statement (quarterly data)
US$ in millions
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).
- Net Income
- Net income demonstrated a generally upward trajectory over the reported periods, with some quarterly fluctuations. Significant increases occurred in 2021 and from 2023 onward, indicating enhanced profitability and possibly operational expansion.
- Depreciation of Property and Equipment
- Depreciation expenses fluctuated notably, peaking multiple times. The upward spikes in depreciation during late 2023 to 2025 suggest increased capital investment or asset base growth, impacting operational expenses.
- Stock-Based Compensation Expense
- Stock-based compensation consistently increased across the quarters, reflecting continuous employee incentivization through equity awards, which may impact net income but supports talent retention and motivation.
- Deferred Income Taxes
- The deferred income taxes values were volatile, with alternating positive and negative quarters, including an unusual large positive spike in early 2025. This indicates tax position adjustments and timing differences affecting tax liabilities or assets.
- Gain/Loss on Debt and Equity Securities, Net
- Significant variability was observed, with large losses mainly in 2020 and early 2021, followed by gains or smaller losses thereafter. This volatility suggests exposure to marketable securities and investment valuation changes impacting net income.
- Working Capital Items
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- Accounts Receivable, Net
- The accounts receivable presented erratic values, often switching between positive and negative, indicating fluctuating collections or revenue recognition patterns.
- Accounts Payable
- Accounts payable also showed irregular behavior, alternating between increases and decreases, suggesting variable payment cycles or supplier negotiations.
- Accrued Expenses and Other Liabilities
- This item showed considerable inconsistency, with large negative and positive values, implying fluctuating obligations and possibly timing of expense recognition.
- Net Cash Provided by Operating Activities
- Operating cash flows generally increased over time, with notable peaks in 2023 and 2025, reflecting strong operational cash generation despite periodic dips, highlighting solid core business performance.
- Investing Activities
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- Purchases of Property and Equipment
- An overall increasing trend in capital expenditures was observed, peaking in late 2024 and 2025, indicating substantial investments in fixed assets.
- Purchases and Sales of Marketable Securities
- Purchases and maturities/sales of marketable securities showed large volumes but generally a net reduction in investment holdings during the recent periods, possibly to free up cash or rebalance portfolios.
- Acquisitions and Other Investing Activities
- Acquisitions were irregular with some notable net cash outflows, suggesting selective strategic investments. Other investing activities fluctuated without clear trend.
- Net Cash Used in Investing Activities
- Investing cash flows were predominantly negative, showing continuous cash outflows on investments and asset purchases consistent with growth and expansion strategies.
- Financing Activities
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- Stock-Based Award Activities
- Cash outflows related to stock-based award payments increased moderately, reflecting sustained compensation commitments.
- Repurchases of Stock
- Stock repurchases were substantial and fairly stable, indicating an ongoing capital return policy to shareholders despite fluctuations in other financing activities.
- Dividend Payments
- Dividend payments commenced and stabilized from 2024 onward, showing a commitment to shareholder returns alongside repurchases.
- Debt Issuance and Repayments
- Issuance and repayments of debt showed large and irregular flows, with spikes in proceeds and repayments indicating active management of debt structure, refinancing, or adjustments to capital structure.
- Net Cash Used in Financing Activities
- The net cash used in financing activities was predominantly negative, highlighting net outflows due to share repurchases, dividend payments, and debt repayments over most periods.
- Effect of Exchange Rate Changes on Cash and Cash Equivalents
- Exchange rate effects fluctuated with relatively minor positive and negative impacts, suggesting some exposure to foreign currency volatility but not materially impacting overall cash balances.
- Net Increase (Decrease) in Cash and Cash Equivalents
- Cash and equivalents varied with alternating increases and decreases each quarter. Despite some large negative changes especially in late 2023 and early 2024, the company managed periods of positive cash flow increases overall, maintaining liquidity through operational cash generation and investment financing.