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Alphabet Inc. (GOOGL) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Alphabet Inc.

CIK: 1652044 Ticker: GOOGL
Exhibit 99.1

Alphabet Announces Third Quarter 2019 Results
MOUNTAIN VIEW, Calif. – October 28, 2019 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2019.
“I am extremely pleased with the progress we made across the board in the third quarter, from our recent advancements in search and quantum computing to our strong revenue growth driven by mobile search, YouTube and Cloud,” said Sundar Pichai, Chief Executive Officer of Google. “We’re focused on providing the most helpful services to our users and partners, and we see many opportunities ahead.”
“Our businesses delivered another quarter of strong performance, with revenues of $40.5 billion, up 20% versus the third quarter of 2018 and up 22% on a constant currency basis,” said Ruth Porat, Chief Financial Officer of Alphabet and Google. “We continue to invest thoughtfully in talent and infrastructure to support our growth, particularly in newer areas like Cloud and machine learning.”
Q3 2019 financial highlights
The following table summarizes our consolidated financial results for the quarters ended September 30, 2018 and 2019 (in millions, except for per share information, percentages, and number of employees; unaudited):
 
Three Months Ended September 30, 2018
 
Three Months Ended September 30, 2019
Revenues

$33,740

 

$40,499

Increase in revenues year over year
21
%
 
20
%
Increase in constant currency revenues year over year
22
%
 
22
%
 
 
 
 
Operating income(1)

$8,625

 

$9,177

Operating margin(1)
26
%
 
23
%
 
 
 
 
Other income (expense), net(1)

$1,458

 

($549
)
 
 
 
 
Net income

$9,192

 

$7,068

Diluted EPS

$13.06

 

$10.12

Diluted shares (in thousands)
703,859

 
698,199

 
 
 
 
Effective tax rate
9
%
 
18
%
Number of employees
94,372

 
114,096

(1)
Q3 2018 results have been recast to reflect the reclassification of performance fees from general and administrative expenses to other income (expense), net (OI&E) to conform to the current period presentation.
Q3 2019 supplemental information (in millions, except for percentages; unaudited)
Segment revenues and operating results
 
Three Months Ended September 30, 2018
 
Three Months Ended September 30, 2019
Google properties revenues

$24,054

 

$28,647

Google Network Members' properties revenues
4,900

 
5,269
Google advertising revenues
28,954

 
33,916
Google other revenues
4,640

 
6,428
Google segment revenues

$33,594

 

$40,344

Other Bets revenues

$146

 

$155

 
 
 
 
Google operating income

$9,490

 

$10,865

Other Bets operating loss

($727
)
 

($941
)


The following information was filed by Alphabet Inc. (GOOGL) on Monday, October 28, 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
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 (Details)
Compensation Plans
Compensation Plans (Narrative) (Details)
Compensation Plans (Tables)
Compensation Plans (Unvested Restricted Stock Units Activity) (Details)
Contingencies
Contingencies (Details)
Debt
Debt (Long-Term Debt) (Details)
Debt (Narrative) (Details)
Debt (Tables)
Financial Instruments
Financial Instruments (Carrying Amount Of Equity Securities) (Details)
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 (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 (Expected Amortization Expense For Acquisition-Related Intangible Assets) (Details)
Goodwill And Other Intangible Assets (Goodwill Rollforward) (Details)
Goodwill And Other Intangible Assets (Tables)
Income Taxes
Income Taxes (Details)
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)
Leases
Leases (Tables)
Leases Components Of Operating Lease Expense (Details)
Leases Future Minimum Lease Payments (Details)
Leases Narrative (Details)
Leases Supplemental Cash Flow Information (Details)
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 (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 (Effects On Net Income Of Amounts Reclassified From Aoci) (Details)
Supplemental Financial Statement Information (Property And Equipment) (Details)
Supplemental Financial Statement Information (Schedule Of Other Income (Expense), Net) (Details)
Supplemental Financial Statement Information (Tables)
Variable Interest Entities (Vies)
Variable Interest Entities (Vies) (Narrative) (Details)

Material Contracts, Statements, Certifications & more

Alphabet Inc. provided additional information to their SEC Filing as exhibits

Ticker: GOOGL
CIK: 1652044
Form Type: 10-Q Quarterly Report
Accession Number: 0001652044-19-000032
Submitted to the SEC: Mon Oct 28 2019 3:02:44 PM EST
Accepted by the SEC: Tue Oct 29 2019
Period: Monday, September 30, 2019
Industry: Computer Programming Data Processing

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