Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 40

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 entered into a new $4.0 billion revolving credit facility expiring in April 2026. Additionally, in April 2025 we terminated the $6.0 billion revolving credit facility expiring in April 2028 and entered into a new $6.0 billion revolving credit facility expiring in April 2030. The interest rates for all credit facilities are determined based on a formula using certain market rates. No amounts were outstanding under the credit facilities as of December 31, 2024 and March 31, 2025.

Note 7.    Supplemental Financial Statement Information 

Accounts ReceivableThe allowance for credit losses on accounts receivable was $879 million and $915 million as of December 31, 2024 and March 31, 2025, respectively.Property and Equipment, NetProperty and equipment, net, consisted of the following (in millions):As of December 31, 2024As ofMarch 31, 2025Technical infrastructure(1)$139,596 $150,992 Office space43,714 44,871 Corporate and other assets16,519 17,336 Property and equipment, in service199,829 213,199 Less: accumulated depreciation(79,390)(83,778)Add: assets not yet in service50,597 55,641 Property and equipment, net$171,036 $185,062 (1)    As of December 31, 2024 and March 31, 2025, approximately 60% of technical infrastructure assets were comprised of servers and network equipment. The remaining balance was comprised of data center land and buildings and related assets.

22

Accrued Expenses and Other Current LiabilitiesAccrued expenses and other current liabilities consisted of the following (in millions):As of December 31, 2024As ofMarch 31, 2025Accrued purchases of property and equipment(1)$7,104 $7,552 European Commission fines(2)6,322 6,534 Accrued customer liabilities4,304 4,163 Payables to brokers for unsettled investment trades3,866 4,889 Income taxes payable, net2,905 9,160 Other accrued expenses and current liabilities26,727 26,002 Accrued expenses and other current liabilities$51,228 $58,300 (1)    Additional property and