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Alphabet Inc. (GOOGL) SEC Filing 10-Q Quarterly report for the period ending Tuesday, March 31, 2020

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GOOGL Quarterly Reports

Alphabet Inc.

CIK: 1652044 Ticker: GOOGL
Exhibit 99.1
Alphabet Announces First Quarter 2020 Results
MOUNTAIN VIEW, Calif. – April 28, 2020 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2020.
“Given the depth of the challenges so many are facing, it’s a huge privilege to be able to help at this time,” said Sundar Pichai, Chief Executive Officer of Alphabet and Google. “People are relying on Google’s services more than ever and we’ve marshalled our resources and product development in this urgent moment.”
“Our business, led by Search, YouTube, and Cloud, drove Alphabet revenues to $41.2 billion, up 13% versus last year, or 15% on a constant currency basis,” said Ruth Porat, Chief Financial Officer of Alphabet and Google. “Performance was strong during the first two months of the quarter, but then in March we experienced a significant slowdown in ad revenues. We are sharpening our focus on executing more efficiently, while continuing to invest in our long-term opportunities.”
Q1 2020 financial highlights
The following table summarizes our consolidated financial results for the quarters ended March 31, 2019 and 2020 (in millions, except for per share information and percentages; unaudited). Prior period results excluding the effect of the European Commission (EC) fine of $1.7 billion have been included to facilitate comparison to current quarter performance (labeled “Non-GAAP”).
Quarter Ended March 31,
20192020
Revenues$36,339  $41,159  
Increase in revenues year over year17 %13 %
Increase in constant currency revenues year over year19 %15 %
Operating income$6,608  $7,977  
Operating margin18 %19 %
Operating income (Non-GAAP)(1)
$8,305  $7,977  
Operating margin (Non-GAAP)(1)
23 %19 %
Other income (expense), net
$1,538  ($220) 
Net income$6,657  $6,836  
Diluted EPS$9.50  $9.87  
Net income (Non-GAAP)(1)
$8,339  $6,836  
Diluted EPS (Non-GAAP)(1)
$11.90  $9.87  
(1)  Non-GAAP results presented for Q1 2019 exclude the EC fine. See the table captioned “Reconciliation of non-GAAP results of operations to the nearest comparable GAAP measures” for more details.


The following information was filed by Alphabet Inc. (GOOGL) on Tuesday, April 28, 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-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 (Derivative Notional Amounts) (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 (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 (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: 0001652044-20-000021
Submitted to the SEC: Tue Apr 28 2020 6:52:33 PM EST
Accepted by the SEC: Wed Apr 29 2020
Period: Tuesday, March 31, 2020
Industry: Computer Programming Data Processing

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