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Alphabet Inc. (GOOGL) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Alphabet Inc.

CIK: 1652044 Ticker: GOOGL
Exhibit 99.1

Alphabet Announces Fourth Quarter and Fiscal Year 2017 Results
MOUNTAIN VIEW, Calif. – February 1, 2018 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2017.
"Our business is driving great growth, with 2017 revenues of $110.9 billion, up 23% year on year, and fourth quarter revenues of $32.3 billion, up 24% year on year. Our full year operating income growth continues to underscore our core strength, and on top of this, we continue to make substantial investments for the long-term in exciting new businesses," said Ruth Porat, CFO of Alphabet.
Q4 2017 financial highlights
In order to facilitate comparison of current quarter performance to prior periods, this summary table highlights the impact of the U.S. Tax Cuts and Jobs Act (Tax Act):
Q4 2017 summary results reflecting the impact of the Tax Act
 
Including
(GAAP) .

 
Excluding

Revenues

$32,323

 

$32,323

Operating income

$7,664

 

$7,664

Provision for income taxes

$11,038

 

$1,181

Net (loss) income

($3,020
)
 

$6,837

Effective tax rate
138
%
 
15
%
Diluted EPS

($4.35
)
 

$9.70

The following summarizes our consolidated financial results for the quarters ended December 31, 2016 and 2017 (in millions, except for per share information, effective tax rate, and number of employees; unaudited), reported on a GAAP basis including the impact of the Tax Act (except for constant currency revenues information):
 
Three Months Ended December 31, 2016
 
Three Months Ended December 31, 2017
Revenues

$26,064

 

$32,323

Increase in revenues year over year
22
%
 
24
%
Increase in constant currency revenues year over year
24
%
 
24
%
 
 
 
 
Operating income

$6,639

 

$7,664

Operating margin
25
%
 
24
%
 
 
 
 
Net income (loss)

$5,333

 

($3,020
)
Diluted EPS

$7.56

 

($4.35
)
Diluted shares (in thousands)
700,221

 
694,604

 
 
 
 
Effective tax rate
22
%
 
138
%
Number of employees
72,053

 
80,110



The following information was filed by Alphabet Inc. (GOOGL) on Thursday, February 1, 2018 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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Inside Alphabet Inc.'s 10-K Annual Report:

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
Acquisitions
Acquisitions (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)
Compensation Plans
Compensation Plans (401k) (details)
Compensation Plans (stock Based Award Activities) (details)
Compensation Plans (stock Based Compensation) (details)
Compensation Plans (stock Plans) (details)
Compensation Plans (tables)
Debt
Debt (future Principal Payments For Borrowings) (details)
Debt (long-term Debt) (details)
Debt (narrative) (details)
Debt (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 (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 (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)
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)
Revenues
Revenues (narrative) (details)
Revenues (revenue By Geographic Location) (details)
Revenues (revenue By Segment) (details)
Revenues (tables)
Stockholders' Equity
Stockholders' Equity (narrative) (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)
Variable Interest Entities (vies)
Variable Interest Entities (vies) (narrative) (details)
Ticker: GOOGL
CIK: 1652044
Form Type: 10-K Annual Report
Accession Number: 0001652044-18-000007
Submitted to the SEC: Mon Feb 05 2018 8:46:29 PM EST
Accepted by the SEC: Tue Feb 06 2018
Period: Sunday, December 31, 2017
Industry: Computer Programming Data Processing

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