Company: GOOGL
Filing Date: 2025-02-05
Form Type: 10-K
Source: 0001652044-25-000014
Chunk: 65

Company: Alphabet Inc.
Filing Date: 2025-02-05
Form: 10-K
Item: Item 8
Chunk 65
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 $2.5 billion respectively. If not utilized, the federal net operating loss carryforwards will begin to expire in 2025, foreign net operating loss carryforwards will begin to expire in 2025 and the state net operating loss carryforwards will begin to expire in 2033. It is more likely than not that the majority of the net operating loss carryforwards will not be realized. The net operating loss carryforwards are subject to various annual limitations under the tax laws of the different jurisdictions.As of December 31, 2024, our Federal and California research and development credit carryforwards for income tax purposes were approximately $700 million and $6.4 billion, respectively. If not utilized, the Federal R&D credit will begin to expire in 2037 and the California R&D credit can be carried over indefinitely. We believe the majority of the federal tax credit and state tax credit is not likely to be realized.As of December 31, 2024, our investment tax credit carryforwards for state income tax purposes were approximately $1.2 billion and will begin to expire in 2030. We use the flow-through method of accounting for investment tax credits. We believe this tax credit is not likely to be realized.As of December 31, 2024, we maintained a valuation allowance with respect to California deferred tax assets, certain federal net operating losses, certain state net operating losses and tax credits, net deferred tax assets relating to Other Bet companies, and certain foreign net operating losses that we believe are not likely to be realized. We continue to reassess the remaining valuation allowance quarterly, and if future evidence allows for a partial or full release of the valuation allowance, a tax benefit will be recorded accordingly. Cash paid for income taxes, net of refunds, was $18.9 billion, $19.2 billion, and $27.4 billion as of December 31, 2022, 2023, and 2024, respectively.

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Table of ContentsAlphabet Inc.

Uncertain Tax PositionsThe following table summarizes the activity related to our gross unrecognized tax benefits (in millions):Year Ended December 31, 202220232024Beginning gross unrecognized tax benefits$5,158 $7,055 $9,438 Increases related to prior year tax positions253 740 896 Decreases related to prior year tax positions(437)(682)(83)Decreases related to settlement with tax authorities(140)(21)(311)Increases