Alphabet Cash Flow Statement
NASDAQ: GOOGLTechnologyComputer Software: Programming Data ProcessingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Alphabet free cash flow
In fiscal 2025, Alphabet generated $164.71 billion of operating cash flow and spent $91.45 billion on capital expenditures. That left free cash flow of $73.27 billion, a free-cash-flow margin of 18.2% of revenue. Free cash flow was up 0.7% from the prior year's $72.76 billion.
Alphabet returned $55.76 billion to shareholders: $10.05 billion in dividends and $45.71 billion in share repurchases, equal to 76% of free cash flow. Free cash flow covered dividend payments 7.3 times.
Summary generated from market data by MetaCap's automated system. Methodology
Alphabet cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 132.17B | 100.12B | 73.80B | 59.97B | 76.03B | 40.27B | 34.34B | 30.74B | 12.66B | 19.48B |
| Net Income growth (YoY) | +32.01% | +35.67% | +23.05% | -21.12% | +88.81% | +17.26% | +11.74% | +142.74% | -34.99% | +19.15% |
| Depreciation & Amortization | 21.14B | 15.31B | 11.95B | 13.47B | 10.27B | — | — | — | — | — |
| Stock-Based Compensation | 24.95B | 22.79B | 22.46B | 19.36B | 15.38B | 12.99B | 10.79B | 9.35B | 7.68B | 6.70B |
| Change in Working Capital | 2.94B | -7.05B | -4.85B | -2.37B | -2.58B | -1.02B | 2.67B | 6.68B | 80.00M | -418.00M |
| Operating Cash Flow | 164.71B | 125.30B | 101.75B | 91.50B | 91.65B | 65.12B | 54.52B | 47.97B | 37.09B | 36.04B |
| Capital Expenditures | -91.45B | -52.53B | -32.25B | -31.48B | -24.64B | -22.28B | -23.55B | -25.14B | -13.18B | -10.21B |
| Investing Cash Flow | -120.29B | -45.54B | -27.06B | -20.30B | -35.52B | -32.77B | -29.49B | -28.50B | -31.40B | -31.16B |
| Dividends Paid | -10.05B | -7.36B | 0 | 0 | — | — | — | — | 0 | 0 |
| Share Repurchases | -45.71B | -62.22B | -61.50B | -59.30B | -50.27B | -31.15B | -18.40B | -9.07B | -4.85B | -3.69B |
| Debt Issued | 64.56B | 13.59B | 10.79B | 52.87B | 20.20B | 11.76B | 317.00M | 6.77B | 4.29B | 8.73B |
| Debt Repaid | — | — | — | — | — | — | — | — | — | -10.06B |
| Financing Cash Flow | -37.39B | -79.73B | -72.09B | -69.76B | -61.36B | -24.41B | -23.21B | -13.18B | -8.30B | -8.33B |
| Net Change in Cash | 7.24B | -582.00M | 2.17B | 934.00M | -5.52B | 7.97B | 1.80B | 5.99B | -2.20B | -3.63B |
| Free Cash Flow | 73.27B | 72.76B | 69.50B | 60.01B | 67.01B | 42.84B | 30.97B | 22.83B | 23.91B | 25.82B |
This table shows 10 annual periods of Alphabet's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow GOOGL's reporting calendar. What is a cash flow statement?