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Alphabet Inc. (GOOGL) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Alphabet Inc.

CIK: 1652044 Ticker: GOOGL
Exhibit 99.1

Alphabet Announces Fourth Quarter and Fiscal Year 2018 Results
MOUNTAIN VIEW, Calif. – February 4, 2019 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2018.
"In 2018 we delivered strong revenue growth, up 23% year over year to $136.8 billion, and up 22% for the fourth quarter to $39.3 billion," said Ruth Porat, Chief Financial Officer of Alphabet and Google. "With great opportunities ahead, we continue to make focused investments in the talent and infrastructure needed to bring exceptional products and experiences to our users, advertisers and partners around the globe."
Q4 2018 financial highlights
The following summarizes our consolidated financial results for the quarters ended December 31, 2017 and 2018 (in millions, except for per share information, percentages, and number of employees; unaudited):
 
Three Months Ended December 31, 2017(1)
 
Three Months Ended December 31, 2018
Revenues

$32,323

 

$39,276

Increase in revenues year over year
24
%
 
22
%
Increase in constant currency revenues year over year
24
%
 
23
%
 
 
 
 
Operating income

$7,664

 

$8,203

Operating margin
24
%
 
21
%
 
 
 
 
Other income (expense), net

$354

 

$1,869

 
 
 
 
Net income (loss)

($3,020
)
 

$8,948

Diluted EPS

($4.35
)
 

$12.77

Diluted shares (in thousands)
694,604

 
700,899

 
 
 
 
Effective tax rate
138
%
 
11
%
Number of employees
80,110

 
98,771

(1) 
The Tax Act was enacted on December 22, 2017 and resulted in additional tax expense of $9.9 billion in the fourth quarter of 2017 primarily due to the one-time transition tax on accumulated foreign subsidiary earnings and deferred tax effects.
Q4 2018 supplemental information (in millions, except for EPS and percentages; unaudited)
Segment revenues and operating results
 
Three Months Ended December 31, 2017
 
Three Months Ended December 31, 2018
Google properties revenues

$22,237

 

$27,022

Google Network Members' properties revenues
4,990

 
5,613
Google advertising revenues
27,227

 
32,635
Google other revenues
4,965

 
6,487
Google segment revenues

$32,192

 

$39,122

Other Bets revenues

$131

 

$154

 
 
 
 
Google operating income

$8,595

 

$9,700

Other Bets operating loss

($748
)
 

($1,328
)


The following information was filed by Alphabet Inc. (GOOGL) on Monday, February 4, 2019 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 Plans And Performance Fees) (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 (Contractual Maturity Date Of Marketable Debt Securities) (Details)
Financial Instruments (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 (Marketable Equity Securities) (Details)
Financial Instruments (Measurement Alternative Investments) (Details)
Financial Instruments (Narrative) (Details)
Financial Instruments (Non-Marketable Debt Securities) (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)
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 (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: 0001652044-19-000004
Submitted to the SEC: Mon Feb 04 2019 4:06:38 PM EST
Accepted by the SEC: Tue Feb 05 2019
Period: Monday, December 31, 2018
Industry: Computer Programming Data Processing

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