Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1652044/000165204418000007/goog10-kq42017.htm
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.
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
