Company: GOOGL
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001652044-25-000062
Chunk: 104

Company: Alphabet Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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 market prices to the extent available or alternative pricing sources and models utilizing market observable inputs to determine fair value. For certain marketable debt securities, we have elected the fair value option for which changes in fair value are recorded in OI&E. The fair value option was elected for these securities to align with the unrealized gains and losses from related derivative contracts.The following tables summarize our cash, cash equivalents, and marketable securities measured at fair value on a recurring basis (in millions):As of December 31, 2024Fair Value HierarchyAdjusted CostGross Unrealized GainsGross Unrealized LossesFair ValueCash and Cash EquivalentsMarketable SecuritiesFair value changes recorded in other comprehensive incomeTime depositsLevel 2$2,217 $0 $0 $2,217 $2,081 $136 Government bondsLevel 227,55183 (214)27,420 50 27,370 Corporate debt securitiesLevel 218,30079 (222)18,157 0 18,157 Mortgage-backed and asset-backed securitiesLevel 214,43763 (385)14,115 0 14,115 Total investments with fair value change reflected in other comprehensive income(1)62,505 225 (821)61,909 2,131 59,778 Fair value adjustments recorded in net incomeMoney market fundsLevel 18,154 8,154 0 Current marketable equity securities(2)Level 14,708 0 4,708 Mutual fundsLevel 2105 0 105 Government bondsLevel 22,035 696 1,339 Corporate debt securitiesLevel 23,037 78 2,959 Mortgage-backed and asset-backed securitiesLevel 23,302 0 3,302 Total investments with fair value change recorded in net income21,341 8,928 12,413 Cash0 12,407 0 Total$62,505 $225 $(821)$83,250 $23,466 $72,191 (1)Represents gross unrealized gains and losses for debt securities recorded to accumulated other comprehensive income (AOCI).(2)The long-term portion of marketable equity securities (subject to long-term lock-up restrictions) of $266 million as of December 31, 2024 is included within other non-current assets.

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