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Alphabet Inc. (GOOGL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Alphabet Inc.

CIK: 1652044 Ticker: GOOGL
Exhibit 99.1

Alphabet Announces Fourth Quarter and Fiscal Year 2016 Results

MOUNTAIN VIEW, Calif. – January 26, 2017 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2016.
"Our growth in the fourth quarter was exceptional -- with revenues up 22% year on year and 24% on a constant currency basis. This performance was led by mobile search and YouTube.  We’re seeing great momentum in Google’s newer investment areas and ongoing strong progress in Other Bets," said Ruth Porat, CFO of Alphabet.
Q4 2016 financial highlights
The following summarizes our consolidated financial results for the quarters ended December 31, 2015 and 2016 (in millions, except for per share information; unaudited):
 
Three Months Ended December 31, 2015
 
Three Months Ended December 31, 2016
Revenues

$21,329

 

$26,064

Increase in revenues year over year
18
%
 
22
%
Increase in constant currency revenues year over year
24
%
 
24
%
 
 
 
 
GAAP operating income

$5,380

 

$6,639

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

$6,816

 

$8,485

Non-GAAP operating margin
32
%
 
33
%
 
 
 
 
GAAP net income

$4,923

 

$5,333

Non-GAAP net income

$6,043

 

$6,593

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

$7.06

 

$7.56

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

$8.67

 

$9.36

Diluted shares (in thousands)
697,025

 
700,221

Operating income, operating margin, net income, and diluted 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. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense, net of the SBC related tax benefits. These non-GAAP measures, 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 segment results where Google is presented as a single segment and all other Alphabet businesses are combined as Other Bets (in millions; unaudited):
 
Three Months Ended December 31, 2015
 
Three Months Ended December 31, 2016
Google segment revenues

$21,179

 

$25,802

Google operating income

$6,744

 

$7,883

 
 
 
 
Other Bets revenues

$150

 

$262

Other Bets operating loss

($1,213
)
 

($1,088
)


The following information was filed by Alphabet Inc. (GOOGL) on Thursday, January 26, 2017 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)
Calico
Calico (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 (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)
Stockholders' Equity
Stockholders' Equity (narrative) (details)
Stockholders' Equity (stock-based Compensation Expense) (details)
Stockholders' Equity (tables)
Stockholders' Equity (unvested Restricted Stock Units Activity) (details)
Subsequent Event
Subsequent Event (details)
Supplemental Financial Statement Information
Supplemental Financial Statement Information (accrued Expenses And Other Current Liabilities) (details)
Supplemental Financial Statement Information (components Of Accumulated Other Comprehensive Income) (details)
Supplemental Financial Statement Information (components Of Other Income (expense), Net) (details)
Supplemental Financial Statement Information (note Receivable) (details)
Supplemental Financial Statement Information (property And Equipment) (details)
Supplemental Financial Statement Information (reclassifications Out Of Accumulated Other Comprehensive Income (loss)) (details)
Supplemental Financial Statement Information (tables)
Ticker: GOOGL
CIK: 1652044
Form Type: 10-K Annual Report
Accession Number: 0001652044-17-000008
Submitted to the SEC: Thu Feb 02 2017 6:13:47 PM EST
Accepted by the SEC: Fri Feb 03 2017
Period: Saturday, December 31, 2016
Industry: Computer Programming Data Processing

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