For the year ending 2025-12-31, GOOG had $7,242M increase in cash & cash equivalents over the period. $73,266M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 132,170 | 100,118 | 73,795 | 59,972 |
| Depreciation and impairment of property and equipment | - | - | - | 15,287 |
| Amortization and impairment of intangible assets | - | - | - | 641 |
| Depreciation of property and equipment | 21,136 | 15,311 | 11,946 | - |
| Stock-based compensation expense | 24,953 | 22,785 | 22,460 | 19,362 |
| Deferred income taxes | 8,348 | -5,257 | -7,763 | -8,081 |
| Loss (gain) on debt and equity securities, net | 24,620 | 2,671 | -823 | -5,519 |
| Other | -2,108 | -3,419 | -4,330 | -1,030 |
| Accounts receivable, net | 8,779 | 5,891 | 7,833 | 2,317 |
| Income taxes, net | -3,226 | -2,418 | 523 | 584 |
| Other assets | 4,542 | 1,397 | 2,143 | 5,046 |
| Accounts payable | 907 | 359 | 664 | 707 |
| Accrued expenses and other liabilities | 12,939 | -1,161 | 3,937 | 3,915 |
| Accrued revenue share | 899 | 1,059 | 482 | -445 |
| Deferred revenue | 2,420 | 1,043 | 525 | 367 |
| Net cash provided by operating activities | 164,713 | 125,299 | 101,746 | 91,495 |
| Purchases of property and equipment | 91,447 | 52,535 | 32,251 | 31,485 |
| Purchases of marketable securities | 103,773 | 86,679 | 77,858 | 78,874 |
| Maturities and sales of marketable securities | 83,240 | 103,428 | 86,672 | 97,822 |
| Purchases of non-marketable securities | 5,716 | 5,034 | 3,027 | 2,531 |
| Maturities and sales of non-marketable securities | 1,367 | 882 | 947 | 150 |
| Acquisitions, net of cash acquired, and purchases of intangible assets | 1,592 | 2,931 | 495 | 6,969 |
| Other investing activities | 2,370 | 2,667 | 1,051 | -1,589 |
| Net cash used in investing activities | -120,291 | -45,536 | -27,063 | -20,298 |
| Net payments related to stock-based award activities | 14,167 | 12,190 | 9,837 | 9,300 |
| Repurchases of stock | 45,709 | 62,222 | 61,504 | 59,296 |
| Dividend payments | 10,049 | 7,363 | - | - |
| Proceeds from issuance of debt, net of costs | 64,564 | 13,589 | 10,790 | 52,872 |
| Repayments of debt | 32,427 | 12,701 | 11,550 | 54,068 |
| Proceeds from sale of interest in consolidated entities, net | 400 | 1,154 | 8 | 35 |
| Net cash used in financing activities | -37,388 | -79,733 | -72,093 | -69,757 |
| Effect of exchange rate changes on cash and cash equivalents | 208 | -612 | -421 | -506 |
| Net increase (decrease) in cash and cash equivalents | 7,242 | -582 | 2,169 | 934 |
| Cash and cash equivalents at beginning of period | 23,466 | 24,048 | 21,879 | 20,945 |
| Cash and cash equivalents at end of period | 30,708 | 23,466 | 24,048 | 21,879 |
Alphabet Inc. (GOOG)
Alphabet Inc. (GOOG)