Alphabet Inc. (GOOGL) 10-Q Quarterly Report July 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,
	2021			2022
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 margin	31		%	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.

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/1652044/000165204422000071/goog-20220630.htm

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

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Alphabet Inc..

Continue

Assess how Alphabet Inc.'s management team is paid from their Annual Proxy

Alphabet Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Rating
Learn More

Filter Sentiment:

All

Positive

Negative

Filter Category:

All

Revenue

Financial

Other

Filter Subcategory:

All

Product

Expense

Income

Earnings

Debt

Cash Flow

Other

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; 33 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 - Expense Highlight
Costs and Expenses Cost of Revenues The following table presents cost of revenues, including TAC (in millions, except percentages): Cost of revenues increased $3.9 billion from the three months ended June 30, 2021 to the three months ended June 30, 2022.
Financial - Income Highlight
Other Income (Expense), Net The following table presents other income (expense), net (in millions): Other income (expense), net, decreased $3.1 billion from the three months ended June 30, 2021 to the three months ended June 30, 2022 primarily due to gains and losses on equity and debt securities and changes in accrued performance fees.
Other - Other Highlight
Net cash used in financing activities increased from the six months ended June 30, 2021 to the six months ended June 30, 2022 primarily due to an increase in repurchases of stock.
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 - Expense
The increase in operating loss...Read more
Financial - Shares
Executive Overview The following table...Read more
Other - Other
The overall growth was driven...Read more
Financial - Expense
Monetization Metrics Paid clicks and...Read more
Financial - Shares
Share Repurchase Program In April...Read more
Financial - Expense
34 Alphabet Inc. ?Expenses associated...Read more
Other - Other
Growth for both products was...Read more
Revenue - Product
Revenues were $69.7 billion, an...Read more
Revenue - Product
Net cash provided by operating...Read more
Financial - Expense
Operating expenses were $20.1 billion,...Read more
Financial - Expense
General and Administrative The following...Read more
Financial - Income
Other income (expense), net, decreased...Read more
Financial - Shares
In April 2022, the Board...Read more
Financial - Shares
In April 2022, the Board...Read more
Financial - Expense
The increase in compensation expenses...Read more
Financial - Income
Google Services Google Services operating...Read more
Financial - Expense
The increase was primarily driven...Read more
Financial - Expense
Research and Development The following...Read more
Financial - Expense
R&D expenses increased $3.8 billion...Read more
Financial - Expense
General and administrative expenses increased...Read more
Revenue - Product
Additionally, our non-advertising revenues, including...Read more
Financial - Debt
Cash Used in Financing Activities...Read more
Other - Other
The effective tax rate decreased...Read more
Financial - Expense
The increase in operating loss...Read more
Financial - Expense
For the six 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 Network revenues increased $2.0...Read more
Revenue - Product
Google other revenues increased $247...Read more
Revenue - Product
Google Cloud Google Cloud revenues...Read more
Financial - Income
Google Services operating income increased...Read more
Financial - Income
Taxes As of June 30,...Read more
Revenue - Product
Constant currency revenue percentage change...Read more
Financial - Cash Flow
Sources, Uses of Cash and...Read more
Financial - Shares
These losses were partially offset...Read more
Financial - Expense
Impressions and cost-per-impression The following...Read more
Financial - Shares
In the three months ended...Read more
Financial - Shares
In the six months ended...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 in operating loss...Read more
Financial - Shares
As of June 30, 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: 0001652044-22-000071
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