GOOGLE INC. (GOOGL) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

View amendments to this 10-K report filed on 3/29/2016 3/29/2016
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Exhibit 99.1
 
 
 
 
Alphabet Announces Third Quarter 2015 Results of Google
Revenues of $18.7 billion and revenue growth of 13% year over year; constant currency revenue growth of 21% year over year
Substantial growth of mobile search revenue, complemented by contributions from YouTube and Programmatic Advertising
GAAP and non-GAAP operating income of $4.7 billion and $6.1 billion, respectively
GAAP and non-GAAP diluted EPS of $5.73 and $7.35, respectively
Strong operating cash flow of $6.0 billion
MOUNTAIN VIEW, Calif. – October 22, 2015 – Alphabet Inc. (NASDAQ: GOOG, GOOGL), the successor issuer to, and parent holding company of, Google Inc., today announced financial results of Google as it existed prior to the reorganization that became effective on October 2, 2015 for the quarter ended September 30, 2015.
“Our Q3 results show the strength of Google's business, particularly in mobile search. With six products now having more than 1 billion users globally, we're excited about the opportunities ahead of Google, and across Alphabet,” said Ruth Porat, CFO of Alphabet and Google.
 
 
 
 
Q3 2015 Financial Highlights

The following summarizes our consolidated financial results for the quarters ended September 30, 2014 and 2015 (in millions, except for per share information; unaudited):
 
Three Months Ended September 30, 2014
 
Three Months Ended September 30, 2015
Revenues
$
16,523

 
$
18,675

Increase in revenues year over year
20
%
 
13
%
 
 
 
 
Traffic acquisition costs (TAC)
$
3,348

 
$
3,566

 
 
 
 
GAAP operating income
$
3,724

 
$
4,708

GAAP operating margin
23
%
 
25
%
Non-GAAP operating income
$
5,357

 
$
6,140

Non-GAAP operating margin
32
%
 
33
%
 
 
 
 
GAAP net income*
$
2,739

 
$
3,979

Non-GAAP net income
$
4,299

 
$
5,102

 
 
 
 
GAAP diluted EPS for Class A and B common stock and Class C capital stock*
$
3.98

 
$
5.73

Non-GAAP diluted EPS for Class A and B common stock and Class C capital stock
$
6.25

 
$
7.35

Diluted shares (in thousands)
688,215

 
694,319

*GAAP net income and diluted EPS include Net Loss from Discontinued Operations for the three months ended September 30, 2014.
Operating income, operating margin, net income, and 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 from continuing operations. Non-GAAP net income and non-GAAP diluted EPS exclude SBC expense from continuing operations, net of the related tax benefits, as well as the impact from Net Loss from Discontinued Operations. In the third quarter of 2014, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, and non-GAAP diluted EPS also excluded an impairment charge of $378 million related to a patent licensing royalty asset acquired in connection with the purchase of Motorola. These non-GAAP measures, as well as 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 information was filed by GOOGLE INC. on Thursday, October 22, 2015 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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  • Form Type: Annual
  • Number of times amended: 2
  • Accession Number: 0001652044-16-000012
  • Submitted to the SEC: Thursday, February 11, 2016
  • Accepted by the SEC: Thursday, February 11, 2016
  • Period Ending: December 2015
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