Alphabet Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $132.17B | $100.12B | $73.80B | $59.97B | $76.03B | $40.27B | $34.34B | $30.74B |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $21.14B | $15.31B | $11.95B | $13.48B | $10.27B | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $24.95B | $22.79B | $22.46B | $19.36B | $15.38B | $12.99B | $10.79B | $9.35B |
| Net Cash from Operating Activities | $164.71B | $125.30B | $101.75B | $91.50B | $91.65B | $65.12B | $54.52B | $47.97B |
| Investing Activities | ||||||||
| Capital Expenditures | $91.45B | $52.54B | $32.25B | $31.49B | $24.64B | $22.28B | $23.55B | $25.14B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-120.29B | $-45.54B | $-27.06B | $-20.30B | $-35.52B | $-32.77B | $-29.49B | $-28.50B |
| Financing Activities | ||||||||
| Dividends Paid | $10.05B | $7.36B | $0 | $0 | — | — | — | — |
| Stock Repurchases | $45.71B | $62.22B | $61.50B | $59.30B | $50.27B | $31.15B | $18.40B | $9.08B |
| Net Cash from Financing Activities | $-37.39B | $-79.73B | $-72.09B | $-69.76B | $-61.36B | $-24.41B | $-23.21B | $-13.18B |
| Net Change in Cash | $7.24B | $-582.0M | $2.17B | $934.0M | $-5.52B | $7.97B | $1.80B | $5.99B |
| Free Cash Flow | $73.27B | $72.76B | $69.50B | $60.01B | $67.01B | $42.84B | $30.97B | $22.83B |
Never ask a barber if you need a haircut.