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Alphabet Inc. (GOOGL) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

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GOOGL Quarterly Reports

Alphabet Inc.

CIK: 1652044 Ticker: GOOGL
Exhibit 99.1
Alphabet Announces Second Quarter 2022 Results
MOUNTAIN VIEW, Calif. – July 26, 2022 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2022.
Sundar Pichai, CEO of Alphabet and Google, said: “In the second quarter our performance was driven by Search and Cloud. The investments we’ve made over the years in AI and computing are helping to make our services particularly valuable for consumers, and highly effective for businesses of all sizes. As we sharpen our focus, we’ll continue to invest responsibly in deep computer science for the long-term.”
Ruth Porat, CFO of Alphabet and Google, said: “Our consistent investments to support long-term growth are reflected in our solid performance in the second quarter, with revenues of $69.7 billion in the quarter, up 13% versus last year or 16% on a constant currency basis. We are focused on responsible capital allocation in support of our growth opportunities.”
Stock Split Effected in the Form of a Stock Dividend (“Stock Split”)
On July 15, 2022, the company executed a 20-for-one stock split with a record date of July 1, 2022, effected in the form of a one-time special stock dividend on each share of the company's Class A, Class B, and Class C stock. All references made to share or per share amounts in this press release have been retroactively adjusted to reflect the effects of the Stock Split.
Q2 2022 financial highlights
The following table summarizes our consolidated financial results for the quarters ended June 30, 2021 and 2022 (in millions, except for per share information and percentages; unaudited).
Quarter Ended June 30,
20212022
Revenues$61,880 $69,685 
Change in revenues year over year (1)
62 %13 %
Change in constant currency revenues year over year(1) (2)
57 %16 %
Operating income$19,361 $19,453 
Operating margin31 %28 %
Other income (expense), net
$2,624 $(439)
Net income$18,525 $16,002 
Diluted EPS$1.36 $1.21 
(1)    Foreign currency movements affected year-over-year revenue growth rates by 3.7%. This reflects, when rounding to the one decimal place, the percentage change in consolidated revenues and consolidated constant currency revenues year over year of 12.6% and 16.3%, respectively.
(2)    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 Tuesday, July 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:

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
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Compensation Plans (Unvested Restricted Stock Units Activity) (Details)
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Debt
Debt (Tables)
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Debt - Narrative (Details)
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Financial Instruments (Tables)
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)
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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 - Narrative (Details)
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Income Taxes (Details)
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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 (Tables)
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)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies - 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 (Narrative) (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 (Vie)
Variable Interest Entities (Vie) (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: 0001652044-22-000071
Submitted to the SEC: Tue Jul 26 2022 7:29:36 PM EST
Accepted by the SEC: Wed Jul 27 2022
Period: Thursday, June 30, 2022
Industry: Computer Programming Data Processing

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