Income StatementBalance SheetCash FlowBusiness Segments
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Alphabet Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Alphabet Inc. generated $164.71B in operating cash flow over the trailing twelve months. After $91.4B in capital expenditures, free cash flow was $73.3B. Free cash flow increased 0.0% year-over-year. Based on the Q4 2025 filing.

Net Cash From Operating (TTM)$164.71BNet Cash From Investing (TTM)-$120.3BNet Cash From Financing (TTM)-$63.5BCapital Expenditures (TTM)$91.4BDepreciation And Amortization (TTM)$21.1BNet Change In Cash (TTM)$7.2B
Latest FilingQ4 2025
Report Date2026-02-05
Market Cap$3.31T
P/E Ratio25.06
ROE35.7%

Investing

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Capital expenditures$13.1B$14.3B$17.2B$22.4B$24.0B$27.9B
Acquisitions and Purchases of Intangible Assets$2.8B$91.0M$340.0M$13.0M$1.1B$167.0M
Proceeds from Non-Marketable Securities$127.0M$150.0M$259.0M$614.0M$323.0M$171.0M
Proceeds from Sale of Interest in Consolidated Entities$285.0M$861.0M$400.0M$0.0$0.0$0.0
Net cash from investing activities-$18.0B-$16.2B-$16.2B-$24.5B-$27.8B-$51.8B
Other investing activities$2.5B$167.0M-$150.0M$513.0M$1.5B$525.0M
Purchases of investments$1.0B$1.8B$958.0M$1.4B$1.0B$2.4B

Operating

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Change in accounts payable$521.0M$401.0M-$880.0M$553.0M-$444.0M$1.7B
Change in accounts receivable$1.4B$4.6B-$1.6B$2.8B$2.4B$5.2B
Change in accrued liabilities-$1.2B—-$5.0B$3.5B$7.8B$6.7B
Change in deferred revenue$640.0M$183.0M$500.0M$136.0M$681.0M$1.1B
Change in income taxes payable/receivable-$1.9B—$7.2B-$9.6B-$858.0M$0.0
Change in other assets$802.0M—$1.3B$1.5B$1.3B$482.0M
Deferred income taxes-$1.1B-$1.4B-$1.2B-$444.0M$8.7B$1.2B
Depreciation and amortization$4.0B$4.2B$4.5B$5.0B$5.6B$6.0B
Net gains (losses) on investments$2.0B$0.0$10.0B$1.5B$10.9B$2.4B
Change in Accrued Revenue Share$381.0M$581.0M$116.0M-$335.0M$319.0M$799.0M
Other Non-Cash Income (Expense)-$1.4B-$827.0M-$481.0M-$560.0M$198.0M-$1.3B
Net cash from operating activities$30.7B$39.1B$36.2B$27.7B$48.4B$52.4B
Net income$26.3B$26.5B$34.5B$28.2B$35.0B$34.5B
Stock-based compensation$5.8B$5.8B$5.5B$6.0B$6.4B$7.1B

Financing

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Proceeds from issuance of debt$3.8B$4.9B$4.5B$26.8B$6.6B$26.6B
Dividends paid$2.5B$2.4B$2.4B$2.5B$2.5B$2.5B
Repayments of Debt and Lease Obligations$3.4B$3.8B$4.5B$13.9B$7.7B$6.3B
Net cash from financing activities-$20.1B-$19.0B-$20.2B-$5.8B-$18.4B—
Repurchases of common stock$15.3B$15.6B$15.1B$13.6B$11.5B$5.5B
Taxes paid for net share settlement$3.0B$3.0B$3.1B$2.6B$3.3B$5.2B

Other

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Effect of exchange rate changes on cash$141.0M-$390.0M$43.0M$401.0M-$200.0M—
Net increase (decrease) in cash-$7.3B—-$202.0M-$2.2B$2.1B$7.6B

Supplemental

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Purchases of Property and Equipment in Accrued Liabilities$2.6B$2.6B$3.8B$3.8B$3.8B$3.8B

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