2022 Q2 Form 10-Q Financial Statement

#000165204422000071 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $69.69B $68.01B $75.33B
YoY Change 12.61% 22.95% 32.39%
Cost Of Revenue $30.10B $29.60B $32.99B
YoY Change 14.78% 22.8% 26.49%
Gross Profit $39.58B $38.41B $42.34B
YoY Change 11.02% 23.07% 37.38%
Gross Profit Margin 56.8% 56.48% 56.21%
Selling, General & Admin $10.29B $9.199B $11.74B
YoY Change 19.38% 26.2% 44.19%
% of Gross Profit 25.99% 23.95% 27.74%
Research & Development $9.841B $9.119B $8.708B
YoY Change 28.22% 21.83% 24.01%
% of Gross Profit 24.86% 23.74% 20.57%
Depreciation & Amortization $3.899B $3.782B $3.439B
YoY Change 32.39% 37.38% -7.68%
% of Gross Profit 9.85% 9.85% 8.12%
Operating Expenses $20.13B $18.32B $20.45B
YoY Change 23.55% 23.99% 34.85%
Operating Profit $19.45B $20.09B $21.89B
YoY Change 0.48% 22.25% 39.83%
Interest Expense $83.00M $83.00M $2.625B
YoY Change 9.21% 9.21% -32.05%
% of Operating Profit 0.43% 0.41% 11.99%
Other Income/Expense, Net -$439.0M -$1.160B -$108.0M
YoY Change -116.73% -123.94% -86.91%
Pretax Income $19.01B $18.93B $24.40B
YoY Change -13.51% -11.04% 30.57%
Income Tax $3.012B $2.498B $3.760B
% Of Pretax Income 15.84% 13.19% 15.41%
Net Earnings $16.00B $16.44B $20.64B
YoY Change -13.62% -8.33% 35.56%
Net Earnings / Revenue 22.96% 24.17% 27.4%
Basic Earnings Per Share $1.22 $24.90
Diluted Earnings Per Share $1.21 $24.62 $1.439M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.53B $27.02B $28.74B
YoY Change -22.84% -17.19% -11.08%
Cash & Equivalents $17.94B $20.89B $20.95B
Short-Term Investments $5.597B $6.135B $7.798B
Other Short-Term Assets $8.321B $6.892B $7.054B
YoY Change 36.95% -9.86% 28.49%
Inventory $1.980B $1.369B $1.170B
Prepaid Expenses
Receivables $35.71B $34.70B $39.30B
Other Receivables $1.366B $919.0M $966.0M
Total Short-Term Assets $172.4B $177.9B $188.1B
YoY Change -1.89% 3.32% 7.94%
LONG-TERM ASSETS
Property, Plant & Equipment $119.6B $117.2B $97.60B
YoY Change 14.28% 16.97% 15.16%
Goodwill $23.95B $23.01B $22.96B
YoY Change 6.89% 2.99% 8.41%
Intangibles $1.377B $1.313B $1.417B
YoY Change -15.31% -27.98% -1.94%
Long-Term Investments $1.400B $1.400B $1.500B
YoY Change -12.5% -12.5% 7.14%
Other Assets $5.712B $5.778B $5.361B
YoY Change 32.9% 38.66% 35.62%
Total Long-Term Assets $182.8B $179.2B $171.1B
YoY Change 14.48% 15.67% 17.76%
TOTAL ASSETS
Total Short-Term Assets $172.4B $177.9B $188.1B
Total Long-Term Assets $182.8B $179.2B $171.1B
Total Assets $355.2B $357.1B $359.3B
YoY Change 5.9% 9.17% 12.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.409B $3.436B $6.037B
YoY Change -6.35% -28.43% 8.02%
Accrued Expenses $32.98B $33.05B $31.24B
YoY Change 13.78% 7.55% 9.1%
Deferred Revenue $3.272B $3.198B $3.288B
YoY Change 20.52% 18.88% 29.3%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $82.00M $181.0M $0.00
YoY Change -81.9% -100.0%
Total Short-Term Liabilities $61.35B $61.95B $64.25B
YoY Change 10.07% 11.71% 13.06%
LONG-TERM LIABILITIES
Long-Term Debt $14.73B $14.79B $14.82B
YoY Change 2.83% 6.51% 6.35%
Other Long-Term Liabilities $2.422B $2.242B $2.205B
YoY Change 6.7% 4.47% -2.82%
Total Long-Term Liabilities $2.422B $2.242B $2.205B
YoY Change 6.7% 4.47% -2.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.35B $61.95B $64.25B
Total Long-Term Liabilities $2.422B $2.242B $2.205B
Total Liabilities $99.77B $103.1B $107.6B
YoY Change 1.99% 6.19% 10.88%
SHAREHOLDERS EQUITY
Retained Earnings $196.8B $195.2B $191.5B
YoY Change 11.25% 14.45% 17.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $255.4B $254.0B $251.6B
YoY Change
Total Liabilities & Shareholders Equity $355.2B $357.1B $359.3B
YoY Change 5.9% 9.17% 12.41%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $16.00B $16.44B $20.64B
YoY Change -13.62% -8.33% 35.56%
Depreciation, Depletion And Amortization $3.899B $3.782B $3.439B
YoY Change 32.39% 37.38% -7.68%
Cash From Operating Activities $19.42B $25.11B $24.93B
YoY Change -11.27% 30.16% 9.95%
INVESTING ACTIVITIES
Capital Expenditures -$6.828B $9.786B -$6.383B
YoY Change 24.24% 64.69% 16.5%
Acquisitions
YoY Change
Other Investing Activities $2.641B -$355.0M -$4.633B
YoY Change -173.81% 1083.33% 157.1%
Cash From Investing Activities -$4.187B -$9.051B -$11.02B
YoY Change -53.86% 68.14% 51.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.30B
YoY Change 16.72%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.82B -$16.21B -16.51B
YoY Change 11.42% 19.17% 78.11%
NET CHANGE
Cash From Operating Activities 19.42B $25.11B 24.93B
Cash From Investing Activities -4.187B -$9.051B -11.02B
Cash From Financing Activities -17.82B -$16.21B -16.51B
Net Change In Cash -2.582B -$59.00M -2.593B
YoY Change -18.68% -137.58% -142.33%
FREE CASH FLOW
Cash From Operating Activities $19.42B $25.11B $24.93B
Capital Expenditures -$6.828B $9.786B -$6.383B
Free Cash Flow $26.25B $15.32B $31.32B
YoY Change -4.15% 14.78% 11.23%

Facts In Submission

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CY2022Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
238000000 usd
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
2129000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
752000000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1377000000 usd
goog Intangible Assets Write Off During The Period
IntangibleAssetsWriteOffDuringThePeriod
4200000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
193000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
294000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
275000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
145000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
99000000 usd
CY2022Q2 goog Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
133000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1139000000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4900000000 usd
CY2021Q2 goog Sharebased Payment Arrangement Noncash Expense Including Liabilities Settled
SharebasedPaymentArrangementNoncashExpenseIncludingLiabilitiesSettled
3700000000 usd
CY2022Q2 goog Sharebased Payment Arrangement Noncash Expense Including Liabilities Settled
SharebasedPaymentArrangementNoncashExpenseIncludingLiabilitiesSettled
4600000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7800000000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9400000000 usd
goog Sharebased Payment Arrangement Noncash Expense Including Liabilities Settled
SharebasedPaymentArrangementNoncashExpenseIncludingLiabilitiesSettled
7400000000 usd
goog Sharebased Payment Arrangement Noncash Expense Including Liabilities Settled
SharebasedPaymentArrangementNoncashExpenseIncludingLiabilitiesSettled
9000000000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21985000000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
19014000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
43268000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
37948000000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3460000000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3012000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6813000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5510000000 usd
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.157
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.158
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.157
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.145
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5200000000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5800000000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3700000000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4200000000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
110558000000 usd
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
119621000000 usd
CY2021Q2 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-7000000 usd
CY2022Q2 us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
375000000 usd
us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
-116000000 usd
us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
653000000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61880000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
69685000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
117194000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
137696000000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
19361000000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
19453000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
35798000000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
39547000000 usd

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