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Alphabet Inc. (GOOGL) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Alphabet Inc.

CIK: 1652044 Ticker: GOOGL
Exhibit 99.1

Alphabet Announces Fourth Quarter and Fiscal Year 2015 Results

MOUNTAIN VIEW, Calif. – February 1, 2016 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2015.
"Our very strong revenue growth in Q4 reflects the vibrancy of our business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which we’ve been investing for many years.  We’re excited about the opportunities we have across Google and Other Bets to use technology to improve the lives of billions of people,” said Ruth Porat, CFO of Alphabet.
Q4 2015 financial highlights
The following summarizes our consolidated financial results for the quarters ended December 31, 2014 and 2015 (in millions, except for per share information; unaudited):
 
Three Months Ended December 31, 2014
 
Three Months Ended December 31, 2015
Revenues

$18,103

 

$21,329

Increase in revenues year over year
15
%
 
18
%
Increase in constant currency revenues year over year
18
%
 
24
%
 
 
 
 
GAAP operating income

$4,399

 

$5,380

GAAP operating margin
24
%
 
25
%
Non-GAAP operating income

$5,600

 

$6,816

Non-GAAP operating margin
31
%
 
32
%
 
 
 
 
GAAP net income*

$4,675

 

$4,923

Non-GAAP net income

$4,654

 

$6,043

 
 
 
 
GAAP diluted EPS for Class A and B common stock and Class C capital stock*

$6.79

 

$7.06

Non-GAAP diluted EPS for Class A and B common stock and Class C capital stock

$6.76

 

$8.67

Diluted shares (in thousands)
688,491

 
697,025

*For the three months ended December 31, 2014, GAAP net income and diluted EPS includes net income from discontinued operations.
Operating income, operating margin, net income, and earnings per share (EPS) are reported on a GAAP and non-GAAP basis. Non-GAAP operating income and non-GAAP operating margin exclude stock-based compensation (SBC) expense from continuing operations. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense from continuing operations, net of the related tax benefits, as well as the impact from net income from discontinued operations. These non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, and non-GAAP constant currency revenues and growth, are described and reconciled to the corresponding GAAP measures at the end of this release.
The following summarizes our full year segment results where Google is presented as a single segment and all other Alphabet businesses are combined as Other Bets (in millions; unaudited). For additional information on segment results, please see the tables captioned "Segment results" included at the end of this release.
 
Twelve Months Ended December 31, 2014
 
Twelve Months Ended December 31, 2015
Google segment revenues

$65,674

 

$74,541

Google operating income

$19,011

 

$23,425

 
 
 
 
Other Bets revenues

$327

 

$448

Other Bets operating loss

($1,942
)
 

($3,567
)



The following information was filed by Alphabet Inc. (GOOGL) on Monday, February 1, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii: Valuation And Qualifying Accounts
Schedule Ii: Valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
401(k) Plans
401(k) Plans (narrative) (details)
Acquisitions
Acquisitions (narrative) (details)
Balance Sheet Components
Balance Sheet Components (components Of Accumulated Other Comprehensive Income) (details)
Balance Sheet Components (notes Receivable) (details)
Balance Sheet Components (property And Equipment) (details)
Balance Sheet Components (reclassifications Out Of Accumulated Other Comprehensive Income (loss)) (details)
Balance Sheet Components (tables)
Collaboration Agreement
Collaboration Agreement (narrative) (details)
Commitments And Contingencies
Commitments And Contingencies (future Minimum Payments Under Non-cancelable Operating Leases, Along With Sublease Income Amounts) (details)
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (tables)
Debt
Debt (future Principal Payments For Borrowings) (details)
Debt (long-term Debt) (details)
Debt (narrative) (details)
Debt (tables)
Discontinued Operations
Discontinued Operations (major Classes Of Assets And Liabilities Divested) (details)
Discontinued Operations (narrative) (details)
Discontinued Operations (revenues And Earnings Attributable To Divestiture) (details)
Discontinued Operations (tables)
Financial Instruments
Financial Instruments (cash, Cash Equivalents And Marketable Securities Measured At Adjusted Cost, Gross Unrealized Gains, Gross Unrealized Losses, And Fair Value By Significant Investment Category) (details)
Financial Instruments (contractual Maturity Date Of Marketable Debt Securities) (details)
Financial Instruments (effect Of Derivative Instruments On Income And Accumulated Other Comprehensive Income) (details)
Financial Instruments (fair Values Of Outstanding Derivative Instruments) (details)
Financial Instruments (gross Unrealized Losses And Fair Values For Investments In Unrealized Loss Position) (details)
Financial Instruments (narrative) (details)
Financial Instruments (offsetting Of Financial Assets And Financial Liabilities) (details)
Financial Instruments (securities Lending Program) (details)
Financial Instruments (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (acquisition-related Intangible Assets That Are Being Amortized) (details)
Goodwill And Other Intangible Assets (changes In Carrying Amount Of Goodwill) (details)
Goodwill And Other Intangible Assets (expected Amortization Expense For Acquisition-related Intangible Assets) (details)
Goodwill And Other Intangible Assets (narrative) (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (provision For Income Taxes) (details)
Income Taxes (reconciliation Of Federal Statutory Income Tax Rate To Effective Income Tax Rate) (details)
Income Taxes (significant Components Of Deferred Tax Assets And Liabilities) (details)
Income Taxes (summary Of Activity Related To Gross Unrecognized Tax Benefits) (details)
Income Taxes (tables)
Information About Segments And Geographic Areas
Information About Segments And Geographic Areas (capital Expenditures By Segment) (details)
Information About Segments And Geographic Areas (long-lived Assets By Geographic Area) (details)
Information About Segments And Geographic Areas (operating Income/loss By Segment) (details)
Information About Segments And Geographic Areas (revenue By Segment) (details)
Information About Segments And Geographic Areas (revenues By Geographic Area) (details)
Information About Segments And Geographic Areas (stock-based Compensation And Depreciation, Amortization And Impairment By Segment) (details)
Information About Segments And Geographic Areas (tables)
Nature Of Operations And Summary Of Significant Accounting Policies
Nature Of Operations And Summary Of Significant Accounting Policies (narrative) (details)
Nature Of Operations And Summary Of Significant Accounting Policies (policies)
Nature Of Operations And Summary Of Significant Accounting Policies (revenue By Revenue Source) (details)
Nature Of Operations And Summary Of Significant Accounting Policies (tables)
Net Income Per Share
Net Income Per Share (narrative) (details)
Net Income Per Share (schedule Of Earnings Per Share) (details)
Net Income Per Share (tables)
Non-marketable Investments
Non-marketable Investments (narrative) (details)
Non-marketable Investments (non-marketable Debt Securities) (details)
Non-marketable Investments (tables)
Other Income (expense), Net
Other Income (expense), Net (components Of Interest And Other Income, Net) (details)
Other Income (expense), Net (tables)
Revision Of Previously Issued Financial Statements
Revision Of Previously Issued Financial Statements (tables)
Revision Of Previously Issued Financial Statements - Balance Sheet (details)
Revision Of Previously Issued Financial Statements - Cash Flow (details)
Revision Of Previously Issued Financial Statements - Comprehensive Income (loss) (details)
Revision Of Previously Issued Financial Statements - Income Statement (details)
Revision Of Previously Issued Financial Statements - Narrative (details)
Stockholders' Equity
Stockholders' Equity (narrative) (details)
Stockholders' Equity (stock Option Activity) (details)
Stockholders' Equity (stock-based Compensation Expense) (details)
Stockholders' Equity (tables)
Stockholders' Equity (unvested Restricted Stock Units Activity) (details)
Ticker: GOOGL
CIK: 1652044
Form Type: 10-K Annual Report
Accession Number: 0001652044-16-000012
Submitted to the SEC: Thu Feb 11 2016 4:38:35 PM EST
Accepted by the SEC: Thu Feb 11 2016
Period: Thursday, December 31, 2015
Industry: Computer Programming Data Processing

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