Alphabet Inc. (GOOGL) 10-Q Quarterly Report April 2022

Sundar Pichai, CEO of Alphabet and Google, said: “Q1 saw strong growth in Search and Cloud, in particular, which are both helping people and businesses as the digital transformation continues. We’ll keep investing in great products and services, and creating opportunities for partners and local communities around the world.”

Ruth Porat, CFO of Alphabet and Google, said: “We are pleased with Q1 revenue growth of 23% year over year. We continue to make considered investments in Capex, R&D and talent to support long-term value creation for all stakeholders.”

Q1 2022 financial highlights

The following table summarizes our consolidated financial results for the quarters ended March 31, 2021 and 2022 (in millions, except for per share information and percentages; unaudited).


	Quarter Ended March 31,
	2021			2022
Revenues	$	55,314		$	68,011
Change in revenues year over year	34		%	23		%
Change in constant currency revenues year over year(1)	32		%	26		%

Operating income	$	16,437		$	20,094
Operating margin	30		%	30		%



Other income (expense), net	$	4,846		$	(1,160)

Net income	$	17,930		$	16,436
Diluted EPS	$	26.29		$	24.62

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

Q1 2022 supplemental information (in millions, except for number of employees; unaudited)

Revenues, Traffic Acquisition Costs (TAC) and number of employees


	Quarter Ended March 31,
	2021		2022
Google Search & other	$	31,879	$	39,618
YouTube ads	6,005		6,869
Google Network	6,800		8,174
Google advertising	44,684		54,661
Google other	6,494		6,811
Google Services total	51,178		61,472
Google Cloud	4,047		5,821
Other Bets	198		440
Hedging gains (losses)	(109)		278
Total revenues	$	55,314	$	68,011

Total TAC	$	9,712	$	11,990

Number of employees	139,995		163,906

The following information was filed by Alphabet Inc. (GOOGL) on Tuesday, April 26, 2022 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:

Revenue - Product Highlight
Our advertising revenue growth, as well as the change in paid clicks and cost-per-click on Google Search & other properties and the change in impressions and cost-per-impression on Google Network properties and the correlation between these items, have been affected and may continue to be affected by various factors, including: advertiser competition for keywords; 30 Alphabet Inc. 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 and various external dynamics, including the effect of COVID-19, geopolitical events, regulations and other measures; seasonality; and traffic growth in emerging markets compared to more mature markets and across various advertising verticals and channels.

Financial - Shares Highlight
Executive Overview The following table summarizes consolidated financial results (in millions, except per share information, percentages, and number of employees): Revenues were $68.0 billion, an increase of 23% year over year, primarily driven by an increase in Google Services segment revenues of $10.3 billion or 20% and an increase in Google Cloud segment revenues of $1.8 billion or 44%.
Other - Other Highlight
Net cash used in financing activities increased from the three months ended March 31, 2021 to the three months ended March 31, 2022 primarily due to an increase in repurchases of stock.
Financial - Income Highlight
Other Income (Expense), Net The following table presents other income (expense), net (in millions): Other income (expense), net, decreased $6.0 billion from the three months ended March 31, 2021 to the three months ended March 31, 2022, primarily due to gains and losses on equity securities and changes in accrued performance fees.
Financial - Earnings Highlight
Capital Expenditures Our capital investments in property and equipment consist primarily of the following major categories: technical infrastructure, which consists of investments in servers and network equipment for computing, storage and networking requirements for ongoing business activities, including machine learning (collectively referred to as information technology assets) and data center land and building construction; and office facilities, ground up development projects, and related building improvements.
Financial - Debt
Cash equivalents and marketable securities...Read more
Financial - Expense
The cost of revenues as...Read more
Financial - Shares
In the three months ended...Read more
Other - Other
The overall growth was driven...Read more
Revenue - Product
The increase was due to...Read more
Financial - Shares
Share Repurchase Program In April...Read more
Financial - Expense
31 Alphabet Inc. ?Expenses associated...Read more
Financial - Expense
Monetization Metrics Paid clicks and...Read more
Financial - Expense
Operating expenses were $18.3 billion,...Read more
Financial - Expense
General and Administrative The following...Read more
Financial - Shares
In April 2022, the Board...Read more
Financial - Expense
The increase in compensation expenses...Read more
Financial - Expense
The increase was primarily due...Read more
Financial - Income
Google Services Google Services operating...Read more
Financial - Expense
Research and Development The following...Read more
Financial - Expense
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Other - Other
Growth for our direct response...Read more
Revenue - Product
Additionally, our non-advertising revenues, including...Read more
Financial - Debt
Cash Used in Financing Activities...Read more
Financial - Expense
For the three months ended...Read more
Revenue - Product
YouTube ads YouTube ads revenues...Read more
Revenue - Product
Google Network Google Network revenues...Read more
Revenue - Product
Google Cloud Google Cloud revenues...Read more
Financial - Income
Taxes As of March 31,...Read more
Revenue - Product
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Financial - Cash Flow
Sources, Uses of Cash and...Read more
Revenue - Product
Google other revenues Google other...Read more
Financial - Expense
The increase in cost-per-impression from...Read more
Revenue - Product
The increase in TAC from...Read more
Financial - Expense
The increase was primarily driven...Read more
Financial - Shares
As of March 31, 2022,...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

Exhibit 31.01: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.02: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.01: Section 1350 Certification

Ticker: GOOGL
CIK: 1652044
Form Type: 10-Q Quarterly Report
Accession Number: 0001652044-22-000029
Submitted to the SEC: Tue Apr 26 2022 8:51:20 PM EST
Accepted by the SEC: Wed Apr 27 2022
Period: Thursday, March 31, 2022
Industry: Computer Programming Data Processing