Alphabet Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $112.19B | $62.58B | $34.98B | $28.20B | $34.54B | $26.30B | $23.62B | $23.66B |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | $6.48B | — | — | $4.49B | — | — | $3.41B |
| Amortization | $367.0M | $178.0M | — | $124.0M | $122.0M | — | — | — |
| Stock-Based Compensation | — | $6.75B | — | — | $5.52B | — | — | $5.26B |
| Net Cash from Operating Activities | — | $45.79B | — | — | $36.15B | — | — | $28.85B |
| Investing Activities | ||||||||
| Capital Expenditures | — | $35.67B | — | — | $17.20B | — | — | $12.01B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-63.39B | — | — | $-16.19B | — | — | $-8.56B |
| Financing Activities | ||||||||
| Dividends Paid | — | $2.54B | — | — | $2.43B | — | — | $0 |
| Stock Repurchases | — | $0 | — | — | $15.07B | — | — | $15.70B |
| Net Cash from Financing Activities | — | $25.08B | — | — | $-20.20B | — | — | $-19.71B |
| Net Change in Cash | — | $7.36B | — | — | $-202.0M | — | — | $445.0M |
| Free Cash Flow | — | $10.12B | — | — | $18.95B | — | — | $16.84B |
Remember, things are never clear until it’s too late.