Q4 2016 consolidated financial summary Q4 2016 Google segment summary Condition and Results of Operations” in our Annual Report on Form 10-K for the
| Previous PDF | Next PDF |
GOOG Exhibit 991 Q4 2016 - Alphabet
Q4 2016 consolidated financial summary Q4 2016 Google segment summary Condition and Results of Operations” in our Annual Report on Form 10-K for the
Alphabet (Google)
investor › static › pdf PDF
Appendix D: Profitability of Google and Facebook - Govuk
80 90 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 information provided in Google's 10-K, we have estimated the returns earned by the Google
Annual Report 2016
Annual Report on Form 10-K to the extent stated herein For example, Google
2016 Annual Report - Gartner
Gartner Consulting generated revenue of $346 million in 2016, an increase of 6 year
[PDF] google avito golf 4 maroc
[PDF] google championnat de tunisie calendrier
[PDF] google dz algerie youtube
[PDF] google earth algerie par satellite
[PDF] google earth algerie tizi ouzou
[PDF] google en français par défaut
[PDF] google financial statements
[PDF] google in english pages
[PDF] google investor relations
[PDF] google maps
[PDF] google maps 2011 france
[PDF] google resultat bac algerie 2017
[PDF] google scholar
[PDF] google traduction
Exhibit 99.1
Alphabet Announces Fourth Quarter and Fiscal Year 2016 ResultsMOUNTAIN VIEW, Calif. - January 26, 2017 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial
results for the quarter and fiscal year ended December 31, 2016."Our growth in the fourth quarter was exceptional -- with revenues up 22% year on year and 24% on a constant currency
basis. This performance was led by mobile search and YouTube. We're seeing great momentum in Google's newer
investment areas and ongoing strong progress in Other Bets," said Ruth Porat, CFO of Alphabet.Q4 2016 financial highlights
The following summarizes our consolidated financial results for the quarters ended December 31, 2015 and 2016
(in millions, except for per share information; unaudited): Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016Revenues$21,329$26,064
Increase in revenues year over year18%22%
Increase in constant currency revenues year over year24%24%GAAP operating income$5,380$6,639
GAAP operating margin25%25%
Non-GAAP operating income$6,816$8,485
Non-GAAP operating margin32%33%
GAAP net income$4,923$5,333
Non-GAAP net income$6,043$6,593
GAAP diluted EPS for Class A and B common stock and Class C capital stock$7.06$7.56 Non-GAAP diluted EPS for Class A and B common stock and Class C capital stock$8.67$9.36Diluted shares (in thousands)697,025700,221
Operating income, operating margin, net income, and diluted earnings per share (EPS) are reported on a GAAP and
non-GAAP basis. Non-GAAP operating income and non-GAAP operating margin exclude stock-based compensation
(SBC) expense. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense, net of the SBC related
tax benefits. These non-GAAP measures, free cash flow (an alternative non-GAAP measure of liquidity), and non-
GAAP constant currency revenues and growth are described and reconciled to the corresponding GAAP measures
at the end of this release.The following summarizes our segment results where Google is presented as a single segment and all other Alphabet
businesses are combined as Other Bets (in millions; unaudited): Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016Google segment revenues$21,179$25,802
Google operating income$6,744$7,883
Other Bets revenues$150$262
Other Bets operating loss($1,213)($1,088)
Q4 2016 consolidated financial summary
Revenues (in millions; unaudited):
Three Months EndedDecember 31, 2016Change from Q4 2015 to Q4 2016 (YoY)Change from Q3 2016 to Q4 2016 (QoQ)
Revenues$26,06422%16%
Constant currency revenues (YoY)$26,07924%N/A
Constant currency revenues (QoQ)$26,096N/A17%
Our revenues and constant currency revenues are reconciled in the financial tables following this release.
Costs and expenses
Cost of revenues, operating expenses, SBC expense, and depreciation, amortization, and impairment charges (in
millions; unaudited): Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016Cost of revenues$8,188$10,661
Cost of revenues as % of revenues38%41%
Operating expenses (other than cost of revenues)$7,761$8,764Operating expenses as % of revenues36%34%
SBC expense*$1,436$1,846
SBC related tax benefits($316)($586)
Depreciation, amortization, and impairment charges$1,404$1,687*Excludes the expense for awards accounted for as stock-based compensation that we expect to ultimately settle in cash.
Supplemental information (in millions, except for headcount data; unaudited) Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016 Cash, cash equivalents, and marketable securities$73,066$86,333 Net cash provided by operating activities$6,609$9,413Capital expenditures$2,102$3,078
Free cash flow$4,507$6,335
Effective tax rate (ETR)5%22%
Headcount61,81472,053
Our free cash flow is reconciled in the financial tables following this release.Q4 2016 Google segment summary
Revenues and monetization
Google segment revenues by source (in millions; unaudited):Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016Change from Q4 2015 to Q4 2016 (YoY)
Google properties$14,936$17,96820%
Google Network Members' properties4,1424,4317%
Google advertising revenues19,07822,39917%
Google other revenues2,1013,40362%
Google segment revenues$21,179$25,80222%
Paid clicks and cost-per-click information (unaudited): Change from Q4 2015 to Q4 2016 (YoY)Change from Q3 2016 to Q4 2016 (QoQ)Aggregate paid clicks36%20%
Paid clicks on Google properties43%23%
Paid clicks on Google Network Members' properties7%6%Aggregate cost-per-click(15)%(9)%
Cost-per-click on Google properties(16)%(11)%
Cost-per-click on Google Network Members' properties(19)%0% Traffic acquisition costs (TAC) and operating incomeTAC to Google Network Members and distribution partners, operating income, and SBC expense (in millions;
unaudited): Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016TAC to Google Network Members$2,864$3,082
TAC to Google Network Members as % of Google Network Members' properties revenues69%70%TAC to distribution partners$1,191$1,766
TAC to distribution partners as % of Google properties revenues8%10%Total TAC$4,055$4,848
Total TAC as % of Google advertising revenues21%22% Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016Operating income$6,744$7,883
SBC expense*$1,278$1,653
Operating income, excluding SBC expense$8,022$9,536*Excludes the expense for awards accounted for as stock-based compensation that we expect to ultimately settle in cash.
Supplemental information (in millions; unaudited)
Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016Capital expenditures$1,787$2,888
Depreciation, amortization, and impairment$1,313$1,586Q4 2016 Other Bets summary
Revenues and operating results
Other Bets revenues, operating loss, and SBC expense (in millions; unaudited): Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016Other Bets revenues$150$262
Operating loss($1,213)($1,088)
SBC expense*$131$161
Operating loss, excluding SBC expense($1,082)($927)*Excludes the expense for awards accounted for as stock-based compensation that we expect to ultimately settle in cash.
Supplemental information (in millions; unaudited)
Three Months EndedDecember 31, 2015Three Months EndedDecember 31, 2016Capital expenditures$193$504
Depreciation, amortization, and impairment$70$101
Webcast and conference call information
A live audio webcast of our fourth quarter 2016 earnings release call will be available at http://abc.xyz/investor. The
call begins today at 1:30 PM (PT) / 4:30 PM (ET). This press release, including the reconciliations of certain non-GAAP
measures to their nearest comparable GAAP measures, is also available on that site.We also announce investor information, including news and commentary about our business and financial performance,
SEC filings, notices of investor events and our press and earnings releases, on our investor relations website (http://
abc.xyz/investor).Forward-looking statements
This press release may contain forward-looking statements that involve risks and uncertainties. Actual results may
differ materially from the results predicted, and reported results should not be considered as an indication of future
performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted
include, among others, those risks and uncertainties included under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the
year ended December 31, 2015, as updated by the Form 8-K filed on May 3, 2016, and our most recent Quarterly
Report on Form 10-Q for the quarter ended September 30, 2016, which are on file with the SEC and are available on
our investor relations website at http://abc.xyz/investor and on the SEC website at www.sec.gov. Additional information
will also be set forth in our Annual Report on Form 10-K for the year ended December 31, 2016. All information provided
in this release and in the attachments is as of January 26, 2017, and we undertake no duty to update this information
unless required by law.About non-GAAP financial measures
To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP,
we use the following non-GAAP financial measures: non-GAAP operating income, non-GAAP operating margin, non-
GAAP net income, non-GAAP diluted EPS, free cash flow, non-GAAP constant currency revenues, and non-GAAP
constant currency revenue growth. The presentation of this financial information is not intended to be considered in
isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with
GAAP.We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate
period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful
supplemental information regarding our performance and liquidity by excluding certain items that may not be indicative
of our recurring core business operating results, such as our revenues excluding the impact for foreign currency
fluctuations or our operating performance excluding not only non-cash charges, such as SBC expense, but also discrete
cash charges that are infrequent in nature. We believe that both management and investors benefit from referring to
these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing
future periods. These non-GAAP financial measures also facilitate management's internal comparisons to our historical
performance and liquidity as well as comparisons to our competitors' operating results. We believe these non-GAAP
financial measures are useful to investors both because (1) they allow for greater transparency with respect to key
metrics used by management in its financial and operational decision-making and (2) they are used by our institutional
investors and the analyst community to help them analyze the health of our business.For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of
non-GAAP results of operations to the nearest comparable GAAP measures," "Reconciliation from net cash provided
by operating activities to free cash flow," and "Reconciliation from GAAP revenues to non-GAAP constant currency
revenues" included at the end of this release.