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Alphabet Inc. (GOOGL) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Alphabet Inc.

CIK: 1652044 Ticker: GOOGL
Exhibit 99.1
Alphabet Announces Fourth Quarter and Fiscal Year 2020 Results
MOUNTAIN VIEW, Calif. – February 2, 2021 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2020.
Sundar Pichai, CEO of Google and Alphabet, said: “Our strong results this quarter reflect the helpfulness of our products and services to people and businesses, as well as the accelerating transition to online services and the cloud. Google succeeds when we help our customers and partners succeed, and we see significant opportunities to forge meaningful partnerships as businesses increasingly look to a digital future.”
Ruth Porat, CFO of Google and Alphabet, said: “Our strong fourth quarter performance, with revenues of $56.9 billion, was driven by Search and YouTube, as consumer and business activity recovered from earlier in the year. Google Cloud revenues were $13.1 billion for 2020, with significant ongoing momentum, and we remain focused on delivering value across the growth opportunities we see.”
New reporting segment structure and operating results
We are now reporting results for three segments: Google Services, Google Cloud, and Other Bets. The following table presents segment revenues and operating income (loss) under our new reporting segment structure for the quarters ended December 31, 2019 and 2020 and the years ended December 31, 2018, 2019 and 2020 (in millions; unaudited).
QuarterFiscal Year
Q4 2019Q4 2020201820192020
Revenues:
Google Services$43,198 $52,873 $130,524 $151,825 $168,635 
Google Cloud2,614 3,831 5,838 8,918 13,059 
Other Bets172 196 595 659 657 
Hedging gains (losses)91 (2)(138)455 176 
Total revenues$46,075 $56,898 $136,819 $161,857 $182,527 
QuarterFiscal Year
Q4 2019Q4 2020201820192020
Operating income (loss):
Google Services$13,488 $19,066 $43,137 $48,999 $54,606 
Google Cloud(1,194)(1,243)(4,348)(4,645)(5,607)
Other Bets(2,026)(1,136)(3,358)(4,824)(4,476)
Corporate costs, unallocated(1)
(1,002)(1,036)(7,907)(5,299)(3,299)
Total income from operations$9,266 $15,651 $27,524 $34,231 $41,224 
(1)Corporate costs, unallocated for fiscal year 2018 includes a fine of $5.1 billion and fiscal year 2019 includes a fine and a legal settlement totaling $2.3 billion.
For a description of our segments and unallocated corporate costs, refer to “Segment results” in this earnings release.


The following information was filed by Alphabet Inc. (GOOGL) on Tuesday, February 2, 2021 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
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 (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 (Gains And Losses On Equity Securities) (Details)
Financial Instruments (Gross Unrealized Losses And Fair Values For Investments In Unrealized Loss Position) (Details)
Financial Instruments (Marketable Equity Securities) (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 (Long-Lived Assets By Geographic Area) (Details)
Information About Segments And Geographic Areas (Revenue And Operating Income/Loss By Segment) (Details)
Information About Segments And Geographic Areas (Tables)
Leases
Leases (Components Of Operating Lease Expense) (Details)
Leases (Future Minimum Lease Payments) (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)
Schedule Ii: Valuation And Qualifying Accounts
Schedule Ii: Valuation And Qualifying Accounts (Details)
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
Variable Interest Entities (Narrative) (Details)
Ticker: GOOGL
CIK: 1652044
Form Type: 10-K Annual Report
Accession Number: 0001652044-21-000010
Submitted to the SEC: Tue Feb 02 2021 8:12:25 PM EST
Accepted by the SEC: Wed Feb 03 2021
Period: Thursday, December 31, 2020
Industry: Computer Programming Data Processing

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