Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 31

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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I&E (in millions):    Three Months EndedMarch 31, 20242025Unrealized gain (loss) on fair value option debt securities$(46)$97 Gross realized gain on debt securities68 266 Gross realized loss on debt securities(480)(175)(Increase) decrease in allowance for credit losses(4)14 Total gain (loss) on debt securities recognized in other income (expense), net$(462)$202 

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Table of ContentsAlphabet Inc.

Equity InvestmentsThe carrying value of equity securities is measured as the total initial cost plus the cumulative net gain (loss). Gains and losses, including impairments, are included as a component of OI&E in the Consolidated Statements of Income. See Note 7 for further details on OI&E. Certain of our non-marketable equity securities include our investments in variable interest entities (VIE) where we are not the primary beneficiary. See Note 5 for further details on VIE.The carrying values for marketable and non-marketable equity securities are summarized below (in millions):As of December 31, 2024As of March 31, 2025Marketable Equity SecuritiesNon-Marketable Equity SecuritiesTotalMarketable Equity SecuritiesNon-Marketable Equity SecuritiesTotalTotal initial cost$4,767 $21,240 $26,007 $4,640 $24,926 $29,566 Cumulative net gain (loss)(1)312 14,291 14,603 534 23,703 24,237 Carrying value$5,079 $35,531 $40,610 $5,174 $48,629 $53,803 (1)Non-marketable equity securities cumulative net gain (loss) is comprised of $22.7 billion and $32.3 billion of gains and $8.4 billion and $8.6 billion of losses (including impairments) as of December 31, 2024 and March 31, 2025, respectively.Gains and Losses on Marketable and Non-marketable Equity SecuritiesGains and losses (including impairments), net, for marketable and non-marketable equity securities included in OI&E are summarized below (in millions):Three Months EndedMarch 31,20242025Realized net gain (loss) on equity securities sold during the period$95 $215 Unrealized net gain (loss) on marketable equity