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Alphabet Inc. (GOOGL) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Alphabet Inc.

CIK: 1652044 Ticker: GOOGL
Exhibit 99.1

Alphabet Announces Fourth Quarter and Fiscal Year 2019 Results
MOUNTAIN VIEW, Calif. – February 3, 2020 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2019.
“Our investments in deep computer science, including artificial intelligence, ambient computing and cloud computing, provide a strong base for continued growth and new opportunities across Alphabet,” said Sundar Pichai, Chief Executive Officer of Alphabet and Google. “I’m really pleased with our continued progress in Search and in building two of our newer growth areas — YouTube, already at $15 billion in annual ad revenue, and Cloud, which is now on a $10 billion revenue run rate."
“In 2019 we again delivered strong revenue growth, with revenues of $162 billion, up 18% year over year and up 20% on a constant currency basis,” said Ruth Porat, Chief Financial Officer of Alphabet and Google. “To provide further insight into our business and the opportunities ahead, we’re now disclosing our revenue on a more granular basis, including for Search, YouTube ads and Cloud.”
Expanded revenue disclosures
The table below shows our expanded revenue disclosures for the quarters ended December 31, 2018 and 2019 and the years ended December 31, 2017, 2018 and 2019 (in millions, unaudited):
 
 
Q4
 
 
Fiscal Year
 
 
 
2018
 
2019
 
 
2017
 
2018
 
2019
 
 
Google Search & other

$23,320

 

$27,185

 
 

$69,811

 

$85,296

 

$98,115

 
 
YouTube ads(1)
3,605

 
4,717

 
 
8,150

 
11,155

 
15,149

 
 
Google properties
26,925

 
31,902

 
 
77,961

 
96,451

 
113,264

 
 
Google Network Members' properties
5,593

 
6,032

 
 
17,616

 
20,010

 
21,547

 
 
Google advertising
32,518

 
37,934

 
 
95,577

 
116,461

 
134,811

 
 
Google Cloud
1,709

 
2,614

 
 
4,056

 
5,838

 
8,918

 
 
Google other(1)
4,771

 
5,264

 
 
10,914

 
14,063

 
17,014

 
 
Google revenues
38,998

 
45,812

 
 
110,547

 
136,362

 
160,743

 
 
Other Bets revenues
154

 
172

 
 
477

 
595

 
659

 
 
Hedging gains (losses)(2)
124

 
91

 
 
(169
)
 
(138
)
 
455

 
 
Total revenues

$39,276

 

$46,075

 
 

$110,855

 

$136,819

 

$161,857

 
 
(1)     YouTube non-advertising revenues are included in Google other revenues.
 
 
(2)     Hedging gains (losses) were previously included in Google revenues.
 
Q4 and full year 2018 and 2019 financial highlights
The following table summarizes our consolidated financial results for the quarters and years ended December 31, 2018 and 2019 (in millions, except for per share information and percentages; unaudited):
 
Quarter Ended
December 31,
 
Year Ended
December 31,
 
2018
 
2019
 
2018
 
2019
Revenues

$39,276

 

$46,075

 

$136,819

 

$161,857

Increase in revenues year over year
22
%
 
17
%
 
23
%
 
18
%
Increase in constant currency revenues year over year
23
%
 
19
%
 
22
%
 
20
%
 
 
 
 
 
 
 
 
Operating income

$8,221

 

$9,266

 

$27,524

 

$34,231

Operating margin
21
%
 
20
%
 
20
%
 
21
%
 
 
 
 
 
 
 
 
Other income (expense), net

$1,851

 

$1,438

 

$7,389

 

$5,394

 
 
 
 
 
 
 
 
Net income(1)

$8,948

 

$10,671

 

$30,736

 

$34,343

Diluted EPS

$12.77

 

$15.35

 

$43.70

 

$49.16

(1)
Included in net income is the provision for income taxes. Our effective tax rate was 12% and 13% for the years ended December 31, 2018 and 2019, respectively, and was 11% and 0% (reflective of discrete items, including the resolution of multi-year audits) for the quarters ended December 31, 2018 and 2019, respectively.


The following information was filed by Alphabet Inc. (GOOGL) on Monday, February 3, 2020 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

Cover Page
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 (Narrative) (Details)
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 (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 (Non-Marketable Equity 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 (Income From Continuing Operations Before Income Taxes) (Details)
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)
Leases
Leases (Components Of Operating Lease Expense) (Details)
Leases (Future Minimum Lease Payments - Under 840) (Details)
Leases (Future Minimum Payments Under Non-Cancelable Operating Leases, Along With Sublease Income Amounts - Under 840) (Details)
Leases (Narrative) (Details)
Leases (Supplemental Cash Flow Information) (Details)
Leases (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: 0001652044-20-000008
Submitted to the SEC: Mon Feb 03 2020 9:03:59 PM EST
Accepted by the SEC: Tue Feb 04 2020
Period: Tuesday, December 31, 2019
Industry: Computer Programming Data Processing

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