Company: GOOGL
Filing Date: 2025-02-05
Form Type: 10-K
Source: 0001652044-25-000014
Chunk: 128

Company: Alphabet Inc.
Filing Date: 2025-02-05
Form: 10-K
Item: Item 7
Chunk 128
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42,624 14 %Change in consolidated constant currency revenues(1)15 %Cost of revenues$133,332 $146,306 $12,974 10 %Operating expenses$89,769 $91,322 $1,553 2 %Operating income$84,293 $112,390 $28,097 33 %Operating margin27 %32 %5 %Other income (expense), net$1,424 $7,425 $6,001 421 %Net income$73,795 $100,118 $26,323 36 %Diluted EPS(2)$5.80 $8.04 $2.24 39 %

(1)    See "Use of Non-GAAP Constant Currency Information" below for details relating to our use of constant currency information. 

(2)    For additional information on the calculation of diluted EPS, see Note 12 of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.

•Revenues were $350.0 billion, an increase of 14% year over year, primarily driven by an increase in Google Services revenues of $32.4 billion, or 12%, and an increase in Google Cloud revenues of $10.1 billion, or 31%.

•Total constant currency revenues, which exclude the effect of hedging, increased 15% year over year.

•Cost of revenues was $146.3 billion, an increase of 10% year over year, primarily driven by increases in content acquisition costs, TAC, and depreciation expense. 

•Operating expenses were $91.3 billion, an increase of 2% year over year, primarily driven by increases in depreciation expense, employee compensation expenses, and third-party services fees. These increases were partially offset by reductions in charges related to legal and other matters and charges related to our office space optimization efforts. The overall increase in employee compensation expenses was partially offset by a reduction in employee severance and related charges.

Other Information:

•Dividend payments to stockholders of Class A, Class B, and Class C shares, which were first paid in June 2024, were $3.5 billion, $519 million, and $3.3 billion, respectively, totaling $7.4 billion for the year ended December 31, 2024. For additional information, see Note 11 of the Notes