Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1652044/000165204417000008/goog10-kq42016.htm
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.
View differences made from one year to another to evaluate Alphabet Inc.'s financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Alphabet Inc..
Alphabet Inc.
Email AlertsAnnual Reports
- 10-K Annual Report February 2019
- 10-K Annual Report February 2018
-
10-K Annual Report February 2017
- 10-K Annual Report February 2016
