Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 107

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 complexity and uncertainty of these matters and judicial process in certain jurisdictions, the final outcome may be materially different from our expectations.See Note 14 for information regarding income tax contingencies.

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Note 11.    Stockholders' Equity 

Share RepurchasesIn the three months ended March 31, 2025, we continued to repurchase both Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders, taking into account the economic cost and prevailing market conditions, including the relative trading prices and volumes of the Class A and Class C shares. During the three months ended March 31, 2025, we repurchased $15.3 billion of Alphabet's Class A and Class C shares. In April 2024, the Board of Directors of Alphabet authorized the company to repurchase up to $70.0 billion of its Class A and Class C shares. As of March 31, 2025, $29.5 billion remained available for Class A and Class C share repurchases. In April 2025, the Board of Directors of Alphabet authorized the company to repurchase up to an additional $70.0 billion of Class A and Class C shares.The following table presents Class A and Class C shares repurchased and subsequently retired (in millions):Three Months Ended March 31, 2025SharesAmountClass A share repurchases15 $2,766 Class C share repurchases68 12,535 Total share repurchases(1)83 $15,301 (1)    Shares repurchased include unsettled repurchases.Repurchases are executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans. The repurchase program does not have an expiration date.DividendsIn the three months ended March 31, 2025, total cash dividends were $1.2 billion, $171 million, and $1.1 billion for Class A, Class B, and Class C shares, respectively.In April 2025, the Board of Directors of Alphabet declared a quarterly cash dividend of $0.21 representing a 5% increase from the previous quarterly dividend of $0.20. The dividend is payable on June 16, 2025 to stockholders of record for each of the company’s Class A, Class B, and Class C shares as of June 9, 2025