GOOG FY 2012 Earnings Report — Alphabet Inc. Revenue & Financial Results | Market Cap Arena

Alphabet Inc.GOOG

FY 2012 Earnings

Reported December 30, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$46.0B	—	$37.9B	—	21.5%
Op. Income	$13.8B	—	$11.7B	—	17.8%
Gross Margin	62.7%	—	65.2%	—	-2.5pp
Net Margin	23.3%	—	25.7%	—	-2.4pp
EPS (Diluted)	$0.81	—	$0.74	—	9.5%
Free Cash Flow	$13.3B	—	$11.1B	—	19.9%

Revenue Flow

Item	Amount
REVENUE	$46.0B
Cost of Revenue	$17.2B
GROSS PROFIT	$28.9B
R&D Expenses	$6.1B
Selling & Marketing	$5.5B
General & Administrative	$3.5B
SG&A Expenses	$8.9B
Other Expenses	$0
Operating Expenses	$15.0B
Cost & Expenses	$32.2B
OPERATING INCOME	$13.8B
Interest Income	$700M
Interest Expense	$85M
Other Income/Expenses	$635M
INCOME BEFORE TAX	$14.5B
Income Tax Expense	$2.9B
Net Income from Continuing Ops	$11.6B
Net Income from Discontinued Ops	-$816M
Other Adjustments	$0
NET INCOME	$10.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10.7B
D&A	$3.0B
EBIT	$14.6B
EBITDA	$17.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$46.0B
Cost of Revenue	$17.2B
GROSS PROFIT	$28.9B
R&D Expenses	$6.1B
Selling & Marketing	$5.5B
General & Administrative	$3.5B
SG&A Expenses	$8.9B
Other Expenses	$0
Operating Expenses	$15.0B
Cost & Expenses	$32.2B
OPERATING INCOME	$13.8B
Interest Income	$700M
Interest Expense	$85M
Other Income/Expenses	$635M
INCOME BEFORE TAX	$14.5B
Income Tax Expense	$2.9B
Net Income from Continuing Ops	$11.6B
Net Income from Discontinued Ops	-$816M
Other Adjustments	$0
NET INCOME	$10.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10.7B
D&A	$3.0B
EBIT	$14.6B
EBITDA	$17.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10.7B
Depreciation & Amortization	$3.0B
Stock-Based Compensation	$2.7B
Deferred Income Tax	-$266M
Other Non-Cash Items	-$404M
Change in Working Capital	$898M
OPERATING CASH FLOW	$16.6B
Capital Expenditure	-$3.3B
Acquisitions (Net)	-$10.6B
Purchases of Investments	-$34.1B
Sales/Maturities of Investments	$35.2B
Other Investing Activities	-$334M
NET CASH FROM INVESTING	-$13.1B
Net Debt Issuance	$1.3B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$99M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$13.3B
Net Change in Cash	$4.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$14.8B
Short-Term Investments	$33.3B
Net Receivables	$8.6B
Inventory	$505M
Other Current Assets	$2.1B
TOTAL CURRENT ASSETS	$60.5B
PP&E (Net)	$11.9B
Goodwill	$10.5B
Intangible Assets	$7.5B
Long-Term Investments	$1.5B
Tax Assets	$0
Other Non-Current Assets	$2.0B
TOTAL NON-CURRENT ASSETS	$33.3B
TOTAL ASSETS	$93.8B
Account Payables	$2.0B
Short-Term Debt	$2.5B
Deferred Revenue	$895M
Other Current Liabilities	$6.5B
TOTAL CURRENT LIABILITIES	$14.3B
Long-Term Debt	$3.0B
Deferred Revenue NC	$100M
Deferred Tax Liabilities	$1.9B
Other Non-Current Liabilities	$2.8B
TOTAL NON-CURRENT LIABILITIES	$7.7B
TOTAL LIABILITIES	$22.1B
Common Stock	$22.8B
Additional Paid-In Capital	$0
Retained Earnings	$48.3B
Treasury Stock	$0
Accum. Other Comp. Income	$538M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$71.7B
Minority Interest	$0
TOTAL EQUITY	$71.7B
TOTAL LIABILITIES & EQUITY	$93.8B
Total Debt	$5.5B
Net Debt	-$9.2B