Alphabet Inc. (GOOGL) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Alphabet Inc.
Ticker: GOOGL CIK: 1652044

Exhibit 99.1

Alphabet Announces Second Quarter 2020 Results

MOUNTAIN VIEW, Calif. – July 30, 2020 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2020.

“We’re working to help people, businesses and communities in these uncertain times,” said Sundar Pichai, Chief Executive Officer of Google and Alphabet. “As people increasingly turn to online services, our platforms — from Cloud to Google Play to YouTube — are helping our partners provide important services and support their businesses.”

“In the second quarter our total revenues were $38.3B, driven by gradual improvement in our ads business and strong growth in Google Cloud and Other Revenues,” said Ruth Porat, Chief Financial Officer of Alphabet and Google. “We continue to navigate through a difficult global economic environment.”

Q2 2020 financial highlights

The following table summarizes our consolidated financial results for the quarters ended June 30, 2019 and 2020 (in millions, except for per share information and percentages; unaudited).


	Quarter Ended June 30,
	2019		2020
Revenues	$38,944		$38,297
Increase (decrease) in revenues year over year	19	%	(2)	%
Increase (decrease) in constant currency revenues year over year⁽¹⁾	22	%	0	%


Operating income	$9,180		$6,383
Operating margin	24	%	17	%



Other income (expense), net	$2,967		$1,894

Net income	$9,947		$6,959
Diluted EPS	$14.21		$10.13

⁽¹⁾ Non-GAAP measure. See the table captioned “Reconciliation from GAAP revenues to non-GAAP constant currency revenues” for more details.

The following information was filed by Alphabet Inc. (GOOGL) on Thursday, July 30, 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.

View differences made from one quarter to another to evaluate Alphabet Inc.'s financial trajectory

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Inside Alphabet Inc.'s 10-Q Quarterly Report:

Revenue - Product Highlight
Google advertising revenues In addition to the impact of COVID-19, our advertising revenue growth, as well as the change in paid clicks and cost-per-click on Google properties and the change in impressions and cost-per-impression on Google Network Members' properties and the correlation between these items, have been affected and may continue to be affected by various factors, including: 35 Alphabet Inc. advertiser competition for keywords; changes in advertising quality, formats, delivery or policy; changes in device mix; changes in foreign currency exchange rates; fees advertisers are willing to pay based on how they manage their advertising costs; general economic conditions; seasonality; and traffic growth in emerging markets compared to more mature markets and across various advertising verticals and channels.

Revenue - Product Highlight
Net cash used in financing activities increased from the six months ended June 30, 2019 to the six months ended June 30, 2020 primarily due to an increase in cash payments for repurchases of capital stock, partially offset by an increase in proceeds from the sale of interest in consolidated entities.
Financial - Expense Highlight
Over time, general and administrative expenses as a percentage of revenues may fluctuate due to certain expenses that are generally less variable in nature and may not correlate to the changes in revenues, the effect of discrete items such as legal settlements, or further allowances for credit losses for accounts receivable associated with the impact of COVID-19.
Revenue - Product Highlight
Executive Overview of Results Below are our key financial results for the three months ended June 30, 2020 (consolidated unless otherwise noted): Revenues were $38.3 billion, a decrease of 2% year over year, constant currency revenues were flat year over year.
Other - Other Highlight
The increase was driven by our direct response advertising products, which benefited from improvements to ad formats and delivery and increased advertiser spending.
Revenue - Product
TAC decreased from the three...Read more
Revenue - Geography
In addition, our future effective...Read more
Financial - Expense
The increase was primarily due...Read more
Financial - Expense
The increase was primarily due...Read more
Financial - Expense
The increase was primarily due...Read more
Financial - Expense
The increase was primarily due...Read more
Financial - Expense
$538 million of the increase...Read more
Financial - Debt
Cash equivalents and marketable securities...Read more
Financial - Expense
The cost of revenues as...Read more
Revenue - Product
Growth for Google Play was...Read more
Other - Other
As of June 30, 2020...Read more
Revenue - Product
This increase was partially offset...Read more
Financial - Income
Other Income (Expense), Net The...Read more
M & A - Other
Cash used in investing activities...Read more
Financial - Expense
Over time, R&D expenses as...Read more
Revenue - Product
Google segment revenues were $38.0...Read more
Other - Other
To address the potential impact...Read more
Revenue - Product
Sales and Marketing The following...Read more
Financial - Expense
Research and Development The following...Read more
Revenue - Product
Net cash provided by operating...Read more
Revenue - Product
The decrease in TAC paid...Read more
Financial - Expense
These costs are generally less...Read more
Financial - Expense
In addition, uses of cash...Read more
Financial - Income
Other income (expense), net, was...Read more
Revenue - Product
Our EMEA revenue percentage change...Read more
Revenue - Geography
Our Other Americas revenue percentage...Read more
Revenue - Geography
Our Other Americas revenue percentage...Read more
Financial - Expense
R&D expenses increased $662 million...Read more
Financial - Expense
R&D expenses increased $1,453 million...Read more
Financial - Expense
General and administrative expenses increased...Read more
Financial - Expense
General and administrative expenses increased...Read more
Other - Other
Estimates of the annual effective...Read more
Financial - Debt
Cash Used in Financing Activities...Read more
Legal - Other
As such, evolving facts and...Read more
Legal - Other
As such, evolving facts and...Read more
Revenue - Product
Our advertising revenue growth rate...Read more
Financial - Expense
The increase was partially offset...Read more
Other - Other
Our effective tax rate decreased...Read more
Revenue - Product
YouTube ads YouTube ads revenues...Read more
Revenue - Product
Our Google Cloud revenues increased...Read more
Revenue - Product
Our Google other revenues increased...Read more
Other - Other
Although we believe we have...Read more
Other - Other
As of June 30, 2020,...Read more
Revenue - Product
Over time, sales and marketing...Read more
Financial - Expense
Google properties The following table...Read more
M & A - Other
We believe that our sources...Read more
Revenue - Product
For the quarter ended June...Read more
Revenue - Product
Beginning in March of 2020,...Read more
Revenue - Product
Our APAC revenue percentage change...Read more
Financial - Earnings
We experienced pressure on our...Read more
Revenue - Product
Our international revenues are favorably...Read more
Other - Other
Effective tax rate was 15.9%....Read more
Financial - Income
Other income (expense), net, decreased...Read more
Financial - Income
In addition, we are subject...Read more
Revenue - Product
Our revenues are also favorably...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Cash Flows
Nature Of Operations And Summary Of Significant Accounting Policies
Revenues
Financial Instruments
Leases
Variable Interest Entities (Vies)
Debt
Supplemental Financial Statement Information
Acquisitions
Goodwill And Other Intangible Assets
Contingencies
Stockholders' Equity
Net Income Per Share
Compensation Plans
Income Taxes
Information About Segments And Geographic Areas
Subsequent Events
Nature Of Operations And Summary Of Significant Accounting Policies (Policies)
Revenues (Tables)
Financial Instruments (Tables)
Leases (Tables)
Debt (Tables)
Supplemental Financial Statement Information (Tables)
Goodwill And Other Intangible Assets (Tables)
Net Income Per Share (Tables)
Compensation Plans (Tables)
Information About Segments And Geographic Areas (Tables)
Nature Of Operations And Summary Of Significant Accounting Policies (Details)
Revenues (Revenue By Segment) (Details)
Revenues (Revenue By Geographic Location) (Details)
Revenues (Narrative) (Details)
Financial Instruments (Narrative) (Details)
Financial Instruments (Debt Securities) (Details)
Financial Instruments (Contractual Maturity Date Of Marketable Debt Securities) (Details)
Financial Instruments (Gross Unrealized Losses And Fair Values For Investments In Unrealized Loss Position) (Details)
Financial Instruments (Measurement Alternative Investments) (Details)
Financial Instruments (Carrying Amount Of Equity Securities) (Details)
Financial Instruments (Marketable Equity Securities) (Details)
Financial Instruments (Non-Marketable Equity Securities) (Details)
Financial Instruments (Derivative Notional Amounts) (Details)
Financial Instruments (Fair Values Of Outstanding Derivative Instruments) (Details)
Financial Instruments (Effect Of Derivative Instruments On Income And Accumulated Other Comprehensive Income) (Details)
Financial Instruments (Offsetting Of Financial Assets And Financial Liabilities) (Details)
Leases Components Of Operating Lease Expense (Details)
Leases Narrative (Details)
Leases Supplemental Cash Flow Information (Details)
Leases Future Minimum Lease Payments (Details)
Variable Interest Entities (Vies) (Narrative) (Details)
Debt (Narrative) (Details)
Debt (Long-Term Debt) (Details)
Supplemental Financial Statement Information (Property And Equipment) (Details)
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 (Schedule Of Other Income (Expense), Net) (Details)
Acquisitions (Details)
Goodwill And Other Intangible Assets (Goodwill Rollforward) (Details)
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)
Contingencies (Details)
Stockholders' Equity (Narrative) (Details)
Net Income Per Share (Details)
Compensation Plans (Narrative) (Details)
Compensation Plans (Unvested Restricted Stock Units Activity) (Details)
Income Taxes (Details)
Information About Segments And Geographic Areas (Revenue By Segment) (Details)
Information About Segments And Geographic Areas (Operating Income (Loss) By Segment) (Details)
Information About Segments And Geographic Areas (Capital Expenditures 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 (Long-Lived Assets By Geographic Area) (Details)
Subsequent Events (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: 0001652044-20-000032
Submitted to the SEC: Thu Jul 30 2020 7:57:55 PM EST
Accepted by the SEC: Fri Jul 31 2020
Period: Tuesday, June 30, 2020
Industry: Computer Programming Data Processing