Growth Profitability and Financial Ratios for Alphabet Inc C Financials ,2008-12,2009-12,2010-12,2011-12,2012-12,2013-12,2014-12,2015-12,2016-12,2017-12,TTM Revenue USD Mil,"21,796","23,651","29,321","37,905","46,039","55,519","66,001","74,989","90,272","110,855","117,251" Gross Margin %,60.4,62.6,64.5,65.2,62.7,60.4,61.1,62.4,61.1,58.9,58.0 Operating Income USD Mil,"6,632","8,312","10,381","12,242","13,834","15,403","16,496","19,360","23,716","28,882","29,315" Operating Margin %,30.4,35.1,35.4,32.3,30.0,27.7,25.0,25.8,26.3,26.1,25.0 Net Income USD Mil,"4,227","6,520","8,505","9,737","10,737","12,733","14,136","16,348","19,478","12,662","16,637" Earnings Per Share USD,6.66,10.21,13.17,14.89,16.16,18.79,20.57,22.84,27.85,18.00,23.60 Dividends USD,,,,,,,,,,, Payout Ratio % *,,,,,,,,,,, Shares Mil,634,638,646,654,665,678,687,693,699,704,704 Book Value Per Share * USD,,,,,,,145.08,169.12,193.99,226.11,231.55 Operating Cash Flow USD Mil,"7,853","9,316","11,081","14,565","16,619","18,659","22,376","26,024","36,036","37,091","39,185" Cap Spending USD Mil,"-2,358",-810,"-4,018","-3,438","-3,273","-7,358","-10,959","-9,915","-10,212","-13,184","-17,975" Free Cash Flow USD Mil,"5,494","8,506","7,063","11,127","13,346","11,301","11,417","16,109","25,824","23,907","21,210" Free Cash Flow Per Share * USD,,,,,,,16.92,21.15,33.65,34.57, Working Capital USD Mil,"17,876","26,419","31,566","43,845","46,117","56,978","63,880","70,804","88,652","100,125", Key Ratios -> Profitability Margins % of Sales,2008-12,2009-12,2010-12,2011-12,2012-12,2013-12,2014-12,2015-12,2016-12,2017-12,TTM Revenue,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00 COGS,39.56,37.39,35.53,34.79,37.31,39.61,38.93,37.56,38.92,41.12,42.01 Gross Margin,60.44,62.61,64.47,65.21,62.69,60.39,61.07,62.44,61.08,58.88,57.99 SG&A,17.20,15.44,16.24,19.29,19.43,19.79,21.18,20.25,19.35,17.83,17.88 R&D,12.82,12.02,12.83,13.62,13.21,12.86,14.90,16.38,15.45,15.00,15.11 Other,,,,,,,,,,, Operating Margin,30.43,35.14,35.40,32.30,30.05,27.74,24.99,25.82,26.27,26.05,25.00 Net Int Inc & Other,-3.57,0.29,1.42,0.22,1.38,0.89,1.16,0.39,0.48,-1.52,1.37 EBT Margin,26.86,35.44,36.82,32.52,31.43,28.64,26.15,26.21,26.75,24.53,26.37 Profitability,2008-12,2009-12,2010-12,2011-12,2012-12,2013-12,2014-12,2015-12,2016-12,2017-12,TTM Tax Rate %,27.79,22.20,21.22,21.00,19.41,15.74,19.30,16.81,19.35,53.44,46.19 Net Margin %,19.39,27.57,29.01,25.69,21.40,21.60,21.88,21.10,21.58,11.42,14.19 Asset Turnover (Average),0.76,0.65,0.60,0.58,0.60,0.58,0.55,0.54,0.57,0.61,0.62 Return on Assets %,14.80,18.05,17.30,14.93,12.91,12.62,11.93,11.36,12.37,6.94,8.76 Financial Leverage (Average),1.13,1.12,1.25,1.25,1.31,1.27,1.25,1.23,1.20,1.29,1.29 Return on Equity %,16.60,20.30,20.68,18.66,16.54,16.25,15.06,14.08,15.02,8.69,10.88 Return on Invested Capital %,15.49,19.74,18.05,15.89,14.66,14.52,13.77,12.82,14.02,7.98,9.93 Interest Coverage,,,,213.52,160.36,175.65,171.88,189.95,195.76,250.48,272.20 Key Ratios -> Growth ,2008-12,2009-12,2010-12,2011-12,2012-12,2013-12,2014-12,2015-12,2016-12,2017-12,Latest Qtr Revenue % Year over Year,31.35,8.51,23.98,29.28,32.37,19.23,10.32,13.62,20.38,22.80,25.84 3-Year Average,52.56,30.65,20.90,20.26,28.49,26.83,20.31,14.33,14.70,18.87, 5-Year Average,71.57,49.29,36.72,29.01,24.77,22.38,22.78,20.66,18.95,17.18, 10-Year Average,,,108.26,83.74,60.60,44.90,35.39,28.44,23.88,20.92, Operating Income % Year over Year,30.44,25.34,24.89,13.11,8.67,9.45,18.12,17.36,22.50,21.78,6.59 3-Year Average,48.69,32.79,26.86,20.98,15.36,10.39,12.00,14.91,19.30,20.53, 5-Year Average,80.89,66.99,38.77,27.03,20.20,16.06,14.69,13.27,15.10,17.75, 10-Year Average,,,,70.76,52.59,44.89,38.39,25.38,20.92,18.97, Net Income % Year over Year,0.55,54.26,30.44,14.49,10.27,20.33,11.80,13.18,19.15,-34.99, 3-Year Average,42.35,28.44,26.48,32.07,18.09,14.96,14.05,15.04,14.66,-4.29, 5-Year Average,109.14,74.84,42.15,25.91,20.63,25.04,17.24,13.96,14.87,3.35, 10-Year Average,,,,106.27,59.68,61.71,43.17,27.28,20.26,11.66, EPS % Year over Year,0.15,53.34,28.91,13.11,8.57,18.01,10.15,8.66,21.94,-35.37,72.45 3-Year Average,38.41,27.10,25.56,30.76,16.55,13.17,12.17,12.20,13.43,-5.04, 5-Year Average,100.58,69.47,39.28,24.52,19.44,23.43,15.53,11.64,13.33,2.17, 10-Year Average,,,,93.71,54.76,57.34,39.92,24.70,18.80,10.47, Key Ratios -> Cash Flow Cash Flow Ratios,2008-12,2009-12,2010-12,2011-12,2012-12,2013-12,2014-12,2015-12,2016-12,2017-12,TTM Operating Cash Flow Growth % YOY,0.36,0.19,0.19,0.31,0.14,0.12,0.20,0.16,0.38,0.03, Free Cash Flow Growth % YOY,0.63,0.55,-0.17,0.58,0.20,-0.15,0.01,0.41,0.60,-0.07, Cap Ex as a % of Sales,10.82,3.42,13.70,9.07,7.11,13.25,16.60,13.22,11.31,11.89,15.33 Free Cash Flow/Sales %,25.21,35.97,24.09,29.35,28.99,20.36,17.30,21.48,28.61,21.57,18.09 Free Cash Flow/Net Income,1.30,1.30,0.83,1.14,1.24,0.89,0.81,0.99,1.33,1.89,1.27 Key Ratios -> Financial Health Balance Sheet Items (in %),2008-12,2009-12,2010-12,2011-12,2012-12,2013-12,2014-12,2015-12,2016-12,2017-12,Latest Qtr Cash & Short-Term Investments,49.88,60.46,60.46,61.49,51.27,52.94,49.11,49.55,51.54,51.63,49.72 Accounts Receivable,8.32,7.91,8.65,8.50,9.15,8.47,8.81,9.43,8.50,9.48,8.13 Inventory,,,,,0.54,0.38,,,0.16,0.38,0.31 Other Current Assets,5.32,3.66,2.74,2.70,3.49,3.92,3.61,2.13,2.73,1.51,1.66 Total Current Assets,63.52,72.02,71.84,72.70,64.45,65.71,61.53,61.11,62.93,63.01,59.81 Net PP&E,16.48,11.96,13.41,13.23,12.64,14.90,18.21,19.68,20.44,21.48,23.60 Intangibles,18.37,14.02,12.62,12.30,19.20,15.83,15.41,13.37,11.81,9.85,9.99 Other Long-Term Assets,1.63,1.99,2.13,1.78,3.71,3.56,4.85,5.84,4.82,5.66,6.60 Total Assets,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00 Accounts Payable,0.56,0.53,0.83,0.81,2.15,2.21,1.31,1.31,1.22,1.59,1.70 Short-Term Debt,,,5.99,1.68,2.72,2.70,1.52,2.03,,,0.64 Taxes Payable,0.26,,0.06,0.27,0.26,0.02,0.07,0.20,0.33,0.45,0.65 Accrued Liabilities,3.19,3.12,5.63,3.50,5.04,4.94,4.87,4.81,2.51,2.77,2.50 Other Short-Term Liabilities,3.24,3.13,4.76,6.02,5.12,4.46,5.04,4.73,5.95,7.45,6.77 Total Current Liabilities,7.25,6.78,17.28,12.28,15.28,14.34,12.82,13.09,10.00,12.26,12.27 Long-Term Debt,,,,4.11,3.19,1.79,2.28,1.35,2.35,2.00,1.91 Other Long-Term Liabilities,3.86,4.31,2.79,3.49,5.07,5.15,5.21,3.95,4.64,8.45,8.10 Total Liabilities,11.11,11.09,20.07,19.88,23.54,21.29,20.31,18.40,16.99,22.70,22.28 Total Stockholders' Equity,88.89,88.91,79.93,80.12,76.46,78.71,79.69,81.60,83.01,77.30,77.72 Total Liabilities & Equity,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00,100.00 Liquidity/Financial Health,2008-12,2009-12,2010-12,2011-12,2012-12,2013-12,2014-12,2015-12,2016-12,2017-12,Latest Qtr Current Ratio,8.77,10.62,4.16,5.92,4.22,4.58,4.80,4.67,6.29,5.14,4.87 Quick Ratio,8.03,10.08,4.00,5.70,3.95,4.28,4.52,4.50,6.00,4.98,4.71 Financial Leverage,1.13,1.12,1.25,1.25,1.31,1.27,1.25,1.23,1.20,1.29,1.29 Debt/Equity,,,,0.05,0.04,0.03,0.03,0.02,0.03,0.02,0.02 Key Ratios -> Efficiency Ratios Efficiency,2008-12,2009-12,2010-12,2011-12,2012-12,2013-12,2014-12,2015-12,2016-12,2017-12,TTM Days Sales Outstanding,40.23,44.92,46.25,46.60,48.42,51.15,50.50,50.96,51.94,53.46,46.21 Days Inventory,,,,,8.93,6.57,,,2.78,4.07,3.39 Payables Period,9.74,8.13,12.24,14.82,22.99,31.51,29.61,23.63,20.63,20.73,21.61 Cash Conversion Cycle,,,,,34.36,26.21,,,34.10,36.80,28.00 Receivables Turnover,9.07,8.13,7.89,7.83,7.54,7.14,7.23,7.16,7.03,6.83,7.90 Inventory Turnover,,,,,40.86,55.55,,,131.11,89.64,107.54 Fixed Assets Turnover,4.70,4.69,4.65,4.37,4.68,4.22,3.27,2.84,2.85,2.89,2.77 Asset Turnover,0.76,0.65,0.60,0.58,0.60,0.58,0.55,0.54,0.57,0.61,0.62