Financing

Alphabet Inc.·Cash Flow Statement·15 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Debt Borrowings, Net of Issuance Costs	$2.9B	$3.8B	$4.9B	$4.5B	$26.8B	$6.6B	$26.6B	$31.4B
Proceeds from issuance of debt	—	—	—	$4.5B	—	—	—	$31.4B
Proceeds from Debt Financing, Net of Issuance Costs	$2.9B	$3.8B	$4.9B	$4.5B	$26.8B	$6.6B	$26.6B	$31.4B
Net cash from financing activities	-$20.9B	-$20.1B	-$19B	-$20.2B	-$5.8B	-$18.4B	—	$25.1B
Taxes paid for net share settlement	—	—	—	$3.1B	—	—	—	$5.5B
Proceeds from minority shareholders	$0	$285M	$861M	$400M	—	—	—	$3.2B
Contributions from noncontrolling interests	—	—	—	$400M	—	—	—	$3.2B
Net proceeds from sales of subsidiary shares	$0	$285M	$861M	$400M	—	—	—	$3.2B
Proceeds from Minority Shareholders	$0	$285M	$861M	$400M	—	—	—	$3.2B
Proceeds from Sale of Noncontrolling Interests	$0	$285M	$861M	$400M	—	—	—	$3.2B
Proceeds from Minority Shareholders	$0	$285M	$861M	$400M	—	—	—	$3.2B
Proceeds from Minority Shareholders	$0	$285M	$861M	$400M	—	—	—	$3.2B
Dividends paid	$2.5B	$2.5B	$2.4B	$2.4B	$2.5B	$2.5B	$2.5B	$2.5B
Repayments of debt	—	—	—	$4.5B	—	—	—	$1.5B
Repurchases of common stock	$15.7B	$15.3B	$15.6B	$15.1B	$13.6B	$11.5B	$5.5B	$0