Company: GOOGL
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001652044-25-000091
Chunk: 102

Company: Alphabet Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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 $4.1 billion was recognized as revenues for the nine months ended September 30, 2025. Total deferred revenue as of September 30, 2025 was $7.4 billion.

Note 3.    Financial Instruments

Fair Value MeasurementsInvestments Measured at Fair Value on a Recurring BasisCash, cash equivalents, and marketable equity securities are measured at fair value and classified within 

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Table of ContentsAlphabet Inc.

Level 1 and Level 2 in the fair value hierarchy, because we use quoted prices for identical assets in active markets or inputs that are based upon quoted prices for similar instruments in active markets.Debt securities are measured at fair value and classified within Level 2 in the fair value hierarchy, because we use quoted market prices to the extent available or alternative pricing sources and models utilizing market observable inputs to determine fair value. For certain marketable debt securities, we have elected the fair value option for which changes in fair value are recorded in OI&E. The fair value option was elected for these securities to align with the unrealized gains and losses from related derivative contracts.The following tables summarize our cash, cash equivalents, and marketable securities measured at fair value on a recurring basis (in millions):As of December 31, 2024Fair Value HierarchyAdjusted CostGross Unrealized GainsGross Unrealized LossesFair ValueCash and Cash EquivalentsMarketable SecuritiesFair value changes recorded in other comprehensive incomeTime depositsLevel 2$2,217 $0 $0 $2,217 $2,081 $136 Government bondsLevel 227,55183 (214)27,420 50 27,370 Corporate debt securitiesLevel 218,30079 (222)18,157 0 18,157 Mortgage-backed and asset-backed securitiesLevel 214,43763 (385)14,115 0 14,115 Total investments with fair value change reflected in other comprehensive income(1)62,505 225 (821)61,909 2,131 59,778 Fair value adjustments recorded in net incomeMoney market fundsLevel 18,154 8,154 0 Current marketable equity securities(2)Level 14,708 0 4,708 Mutual fundsLevel 2105 0 105 Government bondsLevel 22,035 696 1,339 Corporate debt securitiesLevel 23,037 78