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Alphabet Inc. logo

Alphabet Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Alphabet Inc. generated $174.35B in operating cash flow over the trailing twelve months. After $109.92B in capital expenditures, free cash flow was $64.4B. Free cash flow decreased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$174.35BNet Cash From Investing (TTM)-$167.5BNet Cash From Financing (TTM)-$63.5BCapital Expenditures (TTM)$109.92BDepreciation And Amortization Cf$6.5BNet Change In Cash (TTM)$14.8B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$4.35T
P/E Ratio27.14
ROE38.88%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from non-marketable securities—$259M———$848M
Capital expenditures$14.3B$17.2B$22.4B$24B$27.9B$35.7B
Acquisitions and Purchases of Intangible Assets—$340M———$33.6B
Proceeds from other investments$150M$259M$614M$323M$171M$848M
Net cash from investing activities-$16.2B-$16.2B-$24.5B-$27.8B-$51.8B-$63.4B
Other investing activities—-$150M———$996M
Purchases of investments—$958M———$906M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$827M-$481M-$560M$0-$1.3B-$1.3B
Other non-cash income (expense)-$827M-$481M-$560M$0-$1.3B-$1.3B
Change in accounts payable$401M-$880M$553M-$444M$1.7B-$240M
Change in accounts receivable$4.6B-$1.6B$2.8B$2.4B$5.2B$363M
Change in accrued liabilities—-$4.9B$3.4B$7.8B$6.7B-$6B
Change in deferred revenue$183M$500M$136M$681M$1.1B$505M
Change in income taxes payable/receivable—$7.2B-$9.6B-$858M$0$8.1B
Change in other assets—$1.3B———$3.4B
Other working capital changes—-$481M———-$1.3B
Deferred income taxes-$1.4B-$1.2B-$444M$8.7B$1.2B$6.9B
Depreciation and amortization—$4.5B———$6.5B
Net gains (losses) on investments—$10B———$36.8B
Other Non-Cash Income (Expense)-$827M-$481M-$560M$0-$1.3B-$1.3B
Other Non-cash Income (Expense)-$827M-$481M-$560M$0-$1.3B-$1.3B
Other Non-cash Income (Expense)-$827M-$481M-$560M$0-$1.3B-$1.3B
Net cash from operating activities$39.1B$36.2B$27.7B$48.4B$52.4B$45.8B
Net income$26.5B$34.5B$28.2B$35B$34.5B$62.6B
Other non-cash income (expense)-$827M-$481M-$560M$0-$1.3B-$1.3B
Other Non-cash Income and Expense-$827M-$481M-$560M$0-$1.3B-$1.3B
Other Non-Cash Adjustments-$827M-$481M-$560M$0-$1.3B-$1.3B
Other Non-Cash Income and Expense-$827M-$481M-$560M$0-$1.3B-$1.3B
Stock-based compensation$5.8B$5.5B$6B$6.4B$7.1B$6.8B

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Borrowings, Net of Issuance Costs$4.9B$4.5B$26.8B$6.6B$26.6B$31.4B
Proceeds from minority shareholders$861M$400M———$3.2B
Contributions from noncontrolling interests—$400M———$3.2B
Proceeds from issuance of debt—$4.5B———$31.4B
Repayments of debt—$4.5B———$1.5B
Dividends paid$2.4B$2.4B$2.5B$2.5B$2.5B$2.5B
Proceeds from Debt Financing, Net of Issuance Costs$4.9B$4.5B$26.8B$6.6B$26.6B$31.4B
Net proceeds from sales of subsidiary shares$861M$400M———$3.2B
Proceeds from Minority Shareholders$861M$400M———$3.2B
Proceeds from Sale of Noncontrolling Interests$861M$400M———$3.2B
Net cash from financing activities-$19B-$20.2B-$5.8B-$18.4B—$25.1B
Proceeds from Minority Shareholders$861M$400M———$3.2B
Repurchases of common stock$15.6B$15.1B$13.6B$11.5B$5.5B$0
Proceeds from Minority Shareholders$861M$400M———$3.2B
Taxes paid for net share settlement—$3.1B———$5.5B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$2.6B$11.4B———$24.1B
Capital expenditures incurred but not yet paid$2.6B$11.4B———$24.1B
Capital Expenditures Incurred but Not Yet Paid$2.6B$11.4B———$24.1B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$24.8B$19B$5.3B$24.5B$24.6B$10.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$390M$43M$401M——-$123M
Net increase (decrease) in cash—-$202M-$2.2B$2.1B$7.6B$7.4B
Accrued payables for capital expenditures$2.6B$11.4B———$24.1B