Alphabet Inc. (GOOG)

Alphabet Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	160,208	132,170	100,118	73,795	59,972	76,033
Depreciation & Amortization	23,131	21,136	15,311	11,946	13,475	10,273
Stock-Based Compensation	26,188	24,953	22,785	22,460	19,362	15,376
Other Adjustments	-32,152	-14,164	-4,509	-2,610	921	-8,507
Change in Receivables	-10,780	-8,779	-5,891	-7,833	-2,317	-9,095
Changes in Accounts Payable	1,547	907	359	664	707	283
Changes in Accrued Expenses	11,866	12,939	-1,161	3,937	3,915	7,304
Changes in Income Taxes Payable	-2,322	-3,226	-2,418	523	584	-625
Changes in Unearned Revenue	2,425	2,420	1,043	525	367	774
Changes in Other Operating Activities	-5,539	-3,643	-338	-1,661	-5,491	-164
Operating Cash Flow	174,353	164,713	125,299	101,746	91,495	91,652
Operating Cash Flow Growth	31.49%	31.46%	23.15%	11.20%	-0.17%	40.73%
Capital Expenditures	-109,924	-91,447	-52,535	-32,251	-31,485	-24,640
Purchases of Investments	-122,025	-109,489	-91,713	-80,885	-81,405	-138,034
Proceeds from Sale of Investments	102,852	84,607	104,310	87,619	97,972	129,228
Payments for Business Acquisitions	-34,873	-1,592	-2,931	-495	-6,969	-2,618
Other Investing Activities	-3,516	-2,370	-2,667	-1,051	1,589	541
Investing Cash Flow	-167,486	-120,291	-45,536	-27,063	-20,298	-35,523
Long-Term Debt Issued	91,411	64,564	13,589	10,790	52,872	20,199
Long-Term Debt Repaid	-29,383	-32,427	-12,701	-11,550	-54,068	-21,435
Net Long-Term Debt Issued (Repaid)	62,028	32,137	888	-760	-1,196	-1,236
Issuance of Common Stock	-16,540	-14,167	-12,190	-9,837	-9,300	-10,162
Repurchase of Common Stock	-30,641	-45,709	-62,222	-61,504	-59,296	-50,274
Net Common Stock Issued (Repurchased)	-47,181	-59,876	-74,412	-71,341	-68,596	-60,436
Common Dividends Paid	-10,157	-10,049	-7,363	0	0	-
Other Financing Activities	3,200	400	1,154	8	35	310
Financing Cash Flow	7,890	-37,388	-79,733	-72,093	-69,757	-61,362
Effect of Exchange Rate Changes on Cash and Cash Equivalents	42	208	-612	-421	-506	-287
Net Cash Flow	14,799	7,242	-582	2,169	934	-5,520
Free Cash Flow	64,429	73,266	72,764	69,495	60,010	67,012
Free Cash Flow Growth	-12.06%	0.69%	4.70%	15.81%	-10.45%	56.41%
FCF Margin	15.25%	18.19%	20.79%	22.61%	21.22%	26.01%
Free Cash Flow Per Share	5.27	5.99	5.85	5.46	4.56	4.94
Levered Free Cash Flow	143,420	103,393	61,267	56,718	40,848	68,002
Unlevered Free Cash Flow	34,990	46,468	54,175	56,252	44,999	59,166

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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