# embeddings_queue

created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df544-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/msft-10-k-2023.pdf", "page": 79, "chroma:document": "79 \u2022 We tested the reasonableness of managem ent\u2019s judgments regarding the future resolution of the uncertain tax \npositions, including an evaluation of the technical merits of the uncertain tax positions.  \n\u2022 For those uncertain tax positions that had not been effectively settled, we evaluated whether  management had \nappropriately considered new information that could significantly change the recognition, measurement or disclosure of \nthe uncertain tax positions.  \n\u2022 We evaluated the reasonableness of management\u2019s estimates by considering how tax law, including statutes, \nregulations and case law, impacted management\u2019s judgments.  \n/S/ DELOITTE  & T OUCHE  LLP  \nSeattle, Washington  \nJuly 27, 2023  \nWe have served as the Compa ny\u2019s auditor since 1983."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df59e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/msft-10-k-2023.pdf", "page": 80, "chroma:document": "80 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND \nFINANCIAL DISCLOSURE  \nNot applicable.  \nCONTROLS AND PROCEDURES  \nUnder the supervision and with the participation of our management, including the Chief Executive Of ficer and Chief \nFinancial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange \nAct Rule 13a -15(b) as of the end of the period covered by this report. Based on that evaluation, the Chief Executive Of ficer \nand Chief Financial Officer have concluded that these disclosure controls and procedures are effective.  \nREPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING  \nOur management is responsible for establishing and maintaining adequate intern al control over financial reporting for the \nCompany. Internal control over financial reporting is a process to provide reasonable assurance regarding the reliability of \nour financial reporting for external purposes in accordance with accounting principles generally accepted in the United \nStates of America. Internal control over financial reporting includes maintaining records that in reasonable detail accuratel y \nand fairly reflect our transactions; providing reasonable assurance that transactions are record ed as necessary for \npreparation of our consolidated financial statements; providing reasonable assurance that receipts and expenditures of \ncompany assets are made in accordance with management authorization; and providing reasonable assurance that \nunauthor ized acquisition, use, or disposition of company assets that could have a material effect on our consolidated \nfinancial statements would be prevented or detected on a timely basis. Because of its inherent limitations, internal control \nover financial report ing is not intended to provide absolute assurance that a misstatement of our consolidated financial \nstatements would be prevented or detected.  \nManagement conducted an evaluation of the effectiveness of our internal control over financial reporting based o n the \nframework in Internal Control \u2013 Integrated Framework (2013)  issued by the Committee of Sponsoring Organizations of the \nTreadway Commission. Based on this evaluation, management concluded that the Company\u2019s internal control over financial \nreporting wa s effective as of June  30, 2023. There were no changes in our internal control over financial reporting during \nthe quarter ended June  30, 2023 that have materially affected, or are reasonably likely to materially affect, our internal \ncontrol over financial  reporting. Deloitte  & Touche LLP has audited our internal control over financial reporting as of June  30,"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df5f8-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/msft-10-k-2023.pdf", "page": 80, "chroma:document": "2023; their report follows."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df65c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/msft-10-k-2023.pdf", "page": 81, "chroma:document": "81 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  \nTo the Stockholders and the Board of Directors of Microsoft Corporation  \nOpinion on Internal Control over Financial Reporting  \nWe have audited the internal control over financial reporting of Microsoft Corporation and subsidiaries (the \u201cCompany\u201d) as \nof Jun e 30, 2023, based on criteria established in Internal Control \u2014 Integrated Framework (2013)  issued by the Committee \nof Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the Company maintained, in all material \nrespects, effective i nternal control over financial reporting as of June  30, 2023, based on criteria established in Internal \nControl \u2014 Integrated Framework (2013)  issued by COSO.  \nWe have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) \n(PCAOB), the consolidated financial statements as of and for the year ended June  30, 2023, of the Company and our report \ndated July  27, 2023, expressed an unqualified opinion on those financial statements.  \nBasis for Opinion  \nThe Company\u2019s management is responsible for maintaining effective internal control over financial reporting and for its \nassessment of the effectiveness of internal co ntrol over financial reporting, included in the accompanying Report of \nManagement on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company\u2019s \ninternal control over financial reporting based on our audit. We ar e a public accounting firm registered with the PCAOB and \nare required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the \napplicable rules and regulations of the Securities and Exchange Commission and t he PCAOB.  \nWe conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform \nthe audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in \nall material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing \nthe risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control \nbased on  the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We \nbelieve that our audit provides a reasonable basis for our opinion."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df6b6-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/msft-10-k-2023.pdf", "page": 81, "chroma:document": "believe that our audit provides a reasonable basis for our opinion.  \nDefinition and Limitations of Internal Control over Financial Reporting  \nA com pany\u2019s internal control over financial reporting is a process designed to provide reasonable assurance regarding the \nreliability of financial reporting and the preparation of financial statements for external purposes in accordance with gener ally \naccepted accounting principles. A company\u2019s internal control over financial reporting includes those policies and procedures \nthat (1)  pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and \ndispositions o f the assets of the company; (2)  provide reasonable assurance that transactions are recorded as necessary \nto permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts \nand expenditures of the c ompany are being made only in accordance with authorizations of management and directors of \nthe company; and (3)  provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, \nuse, or disposition of the company\u2019s assets that could have a material effect on the financial statements.  \nBecause of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also,  \nprojections of any evaluation of effectiveness to future periods a re subject to the risk that controls may become inadequate \nbecause of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.  \n  \n/S/ DELOITTE  & TOUCHE  LLP   \n    \nSeattle, Washington    \nJuly 27, 2023"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df710-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/msft-10-k-2023.pdf", "page": 82, "chroma:document": "82 DIRECTORS AND EXECUTIVE OFFICERS OF MICROSOFT CORPORATION  \n  \nDIRECTORS  \n  \nSatya Nadella  \nChairman and Chief Executive Officer,  \nMicrosoft Corporation   Sandra E. Peterson 2,3 \nLead Independent Director,  \nMicrosoft Corporation  John W. Stanton 1,4 \nFounder and Chairman, Trilogy \nPartnerships  \n      \nReid G. Hoffman 4 \nPartner, Greylock Partners  Penny S. Pritzker 4 \nFounder and Chairman, PSP Partners, \nLLC John W. Thompson 3,4 \nPartner, Lightspeed Venture Partners  \n      \nHugh F. Johnston 1 \nVice Chairman and Executive  Vice \nPresident and Chief Financial Officer, \nPepsiCo, Inc.  Carlos A. Rodriguez 1,2 \nExecutive Chair, ADP, Inc.  Emma N. Walmsley 2,4 \nChief Executive Officer, GSK plc  \n      \nTeri L. List 1,3 \nFormer Executive Vice President and \nChief Financial Officer, The Ga p, Inc.  Charles W. Scharf 2,3 \nChief Executive Officer and President, \nWells Fargo  & Company  Padmasree Warrior 2 \nFounder, President and Chief Executive \nOfficer, Fable Group, Inc.  \nBoard Committees  \n1. Audit Committee  \n2. Compensation Committee  \n3. Governance and Nominating Committee  \n4. Environmental, Social, and Public Policy Committee  \nEXECUTIVE OFFICERS  \n  \nSatya  Nadella  \nChairman and Chief Executive Officer  Amy E. Hood  \nExecutive Vice President and Chief Financial \nOfficer  \n    \nJudson B. Althoff  \nExecutive Vice President and Chief Commercial Officer  Bradford L. Smith  \nVice Chair and President  \n    \nChristopher C. Capossela  \nExecutive Vice President and Chief Marketing Officer  Christopher D. Young  \nExecutive Vice President, Business Development, \nStrategy, and Ventures  \n    \nKathleen T. Hogan  \nExecutive Vice President and Chief Human Resources Officer"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df76a-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/msft-10-k-2023.pdf", "page": 83, "chroma:document": "83 INVESTOR RELATIONS  \n Investor Relations  \nYou can contact Microsoft Investor Relations by calling \ntoll-free at (800) 285 -7772 or outside the United States, \ncall (425) 706 -4400. We can be contacted between the \nhours of 9:00 a.m. to 5:00 p.m. Pacific Time to answer \ninvestment -oriented questions abou t Microsoft.  \nFor access to additional financial information, visit the \nInvestor Relations website online at:  \nwww.microsoft.com/investor  \nOur e -mail is msft@microsoft.com  \nOur mailing address is:  \nInvestor Relations  \nMicrosoft Corporation  \nOne Microsoft Way  \nRedmond, Washington 98052 -6399  \nAttending the Annual Meeting  \nThe 2023 Annual Shareholders Meeting will be held \nas a virtual -only meeting . Any shareholder can join the \nAnnual Meeting, while shareholders of record as of \nSeptember  29 2023, will be able to vote and submit \nquestions during the meeting.  \nDate: Thursday, December  7, 2023  \nTime: 8:30 a.m. Pacific Time  \nVirtual Shareholder Meeting:   \nwww.virtualshareholdermeeting.com/MSFT23  \nSubmit Your Question  \nWe invite you to submit any questions via the proxy voting \nsite at www.proxyvote.com . We will include as many of \nyour questions as possible during the Q&A session of the \nmeeting and will pro vide answers to questions on the \nMicrosoft Investor Relations website under the Annual \nMeeting page.  \nRegistered Shareholder Services  \nComputershare, our transfer agent, can help you with a \nvariety of shareholder related services including:  \n\u2022 Change of ad dress  \n\u2022 Lost stock certificates  \n\u2022 Transfer of stock to another person  \n\u2022 Additional administrative services  \n  \nComputershare also administers a direct stock purchase \nplan and a dividend reinvestment program for the \ncompany.  Contact Computershare directly to find out more about \nthese services and programs at 800 -285-7772, option 1, \nor visit online at:  \nhttps://www.computershare.com/Microsoft   \nYou can e -mail the transfer agent at:  \nweb.queries@computershare.com"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df7c4-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/msft-10-k-2023.pdf", "page": 83, "chroma:document": "web.queries@computershare.com  \nYou can also se nd mail to the transfer agent at:  \nComputershare  \nP.O. Box 505000  \nLouisville, KY 40233 -5000  \nShareholders can sign up for electronic alerts to access \nthe annual report and proxy statement online. The service \ngets you the information you need faster and al so gives \nyou the power and convenience of online proxy voting. To \nsign up for this free service, visit the Annual Report site \non the Investor Relations website at: \nhttp://www.microsoft.com/investor/AnnualReports/default\n.aspx   \nEnvironmental, Social, and Gov ernance (ESG)/Corporate \nSocial Responsibility  \nMany of our shareholders are focused on environmental, \nsocial, and governance topics. To meet the expectations \nof our stakeholders and to and maintain their trust, we are \ncommitted to conducting our business i n ways that are \nprincipled, transparent, and accountable. Microsoft has \nmade a broad range of environmental and social \ncommitments to make a significant positive impact on \nimportant global issues. Microsoft\u2019s Board of Directors \nprovides insight, feedback, and oversight across a broad \nrange of environmental and social matters. In particular, \namong the responsibilities of the Board\u2019s Environmental, \nSocial, and Public Policy Committee is to review and \nprovide guidance to the Board and management about \nthe Comp any\u2019s policies and programs that relate to \ncorporate social responsibility.  \nFor more about Microsoft\u2019s CSR commitments and \nperformance, please visit:  \nwww.microsoft.com/transparency ."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df81e-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 0, "chroma:document": "UNITED STATES\nSECURITIES AND EXCHANGE COMMISSION\nWashington, D.C. 20549\n___________________________________________\nFORM 10-K  \n___________________________________________\n(Mark One)\n\u2612 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\nFor the fiscal year ended December 31, 2023  \nOR\n\u2610 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\nFor the transition period from              to             .\nCommission file number: 001-37580  \n___________________________________________\nAlphabet Inc.  \n(Exact name of registrant as specified in its charter)\n___________________________________________\nDelaware 61-1767919\n(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)\n1600 Amphitheatre Parkway  \nMountain View , CA 94043  \n(Address of principal executive offices, including zip code)\n(650) 253-0000  \n(Registrant's telephone number, including area code)\nSecurities registered pursuant to Section 12(b) of the Act:\nTitle of each class Trading Symbol(s) Name of each exchange on which registered\nClass A Common Stock, $0.001 par value GOOGL Nasdaq Stock Market LLC\n(Nasdaq Global Select Market)\nClass C Capital Stock, $0.001 par value GOOG Nasdaq Stock Market LLC\n(Nasdaq Global Select Market)\nSecurities registered pursuant to Section 12(g) of the Act:\nTitle of each class\nNone\n___________________________________________\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities \nAct.    Yes  \u2612    No  \u2610\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the \nAct.    Yes  \u2610   No  \u2612\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities \nExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df878-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 0, "chroma:document": "reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  \u2612    No  \u2610\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted \npursuant to Rule 405 of Regulation S-T (\u00a7232.405 of this chapter) during the preceding 12 months (or for such shorter period that \nthe registrant was required to submit such files).    Yes  \u2612    No  \u2610\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller \nreporting company, or an emerging growth company. See the definitions of \u201clarge accelerated filer,\u201d \u201caccelerated filer,\u201d \u201csmaller \nreporting company,\u201d and \"emerging growth company\" in Rule 12b-2 of the Exchange Act."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df8d2-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 1, "chroma:document": "Large accelerated filer \u2612  Accelerated filer \u2610\nNon-accelerated filer \u2610 Smaller reporting company \u2610\nEmerging growth company \u2610\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for \ncomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                            \n\u2610\nIndicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the \neffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by \nthe registered public accounting firm that prepared or issued its audit report. \u2612\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the \nregistrant included in the filing reflect the correction of an error to previously issued financial statements. \u2610\nIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based \ncompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to \u00a7240.10D-1(b). \u2610 \nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  \u2610    No  \u2612\nAs of June 30, 2023 , the aggregate market value of shares held by non-affiliates of the registrant (based upon the closing sale \nprices of such shares on the Nasdaq Global Select Market on June 30, 2023 ) was approximately $1,331.2 billion . For purposes of \ncalculating the aggregate market value of shares held by non-affiliates, we have assumed that all outstanding shares are held by \nnon-affiliates, except for shares held by each of our executive officers, directors, and 5% or greater stockholders. In the case of 5% \nor greater stockholders, we have not deemed such stockholders to be affiliates unless there are facts and circumstances which \nwould indicate that such stockholders exercise any control over our company, or unless they hold 10% or more of our outstanding"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df936-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 1, "chroma:document": "common stock. These assumptions should not be deemed to constitute an admission that all executive officers, directors, and 5% or \ngreater stockholders are, in fact, affiliates of our company, or that there are not other persons who may be deemed to be affiliates of \nour company. Further information concerning shareholdings of our officers, directors, and principal stockholders is included or \nincorporated by reference in Part III, Item 12 of this Annual Report on Form 10-K.\nAs of January 23, 2024 , there wer e 5,893 million  shares of Alphabet\u2019s Class A stock outstanding, 869 million  shares of Alphabet\u2019s \nClass B stock outstanding, and 5,671 million  shares of the Alphabet\u2019s Class C stock outstanding.\n___________________________________________\nDOCUMENTS INCORPORATED BY REFERENCE\nPortions of the registrant\u2019s Proxy Statement for the 2024  Annual Meeting of Stockholders are incorporated herein by reference in \nPart III of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement will be filed with the Securities and \nExchange Commission within 120 days of the registrant\u2019s fiscal year ended December 31, 2023 ."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df990-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 2, "chroma:document": "Alphabet Inc.\nForm 10-K\nFor the Fiscal Year Ended December 31, 2023  \nTABLE OF CONTENTS\n  Page\nNote About Forward-Looking Statements 3\nPART I\nItem 1. Business 4\nItem 1A. Risk Factors 11\nItem 1B. Unresolved Staff Comments 24\nItem 1C. Cybersecurity 24\nItem 2. Properties 25\nItem 3. Legal Proceedings 25\nItem 4. Mine Safety Disclosures 25\nPART II\nItem 5. Market for Registrant\u2019s Common Equity, Related Stockholder Matters, and Issuer Purchases \nof Equity Securities25\nItem 6. [Reserved] 28\nItem 7. Management\u2019s Discussion and Analysis of Financial Condition and Results of Operations 29\nItem 7A. Quantitative and Qualitative Disclosures About Market Risk 45\nItem 8. Financial Statements and Supplementary Data 47\nItem 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 88\nItem 9A. Controls and Procedures 88\nItem 9B. Other Information 89\nItem 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 89\nPART III\nItem 10. Directors, Executive Officers, and Corporate Governance 90\nItem 11. Executive Compensation 90\nItem 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder \nMatters90\nItem 13. Certain Relationships and Related Transactions, and Director Independence 90\nItem 14. Principal Accountant Fees and Services 90\nPART IV\nItem 15. Exhibits, Financial Statement Schedules 91\nItem 16. Form 10-K Summary 94\nSignaturesTable of Contents Alphabet Inc.\n2."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548df9ea-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 3, "chroma:document": "Note About Forward-Looking Statements\nThis Annual Report on Form 10-K contains forward-looking statements within the meaning of the Private \nSecurities Litigation Reform Act of 1995. These include, among other things, statements regarding:\n\u2022the growth of our business and revenues and our expectations about the factors that influence our success \nand trends in our business;\n\u2022fluctuations in our revenues and margins and various factors contributing to such fluctuations;\n\u2022our expectation that the continuing shift from an offline to online world will continue to benefit our business;\n\u2022our expectation that the portion of our revenues that we derive beyond advertising will continue to increase \nand may affect our margins;\n\u2022our expectation that our traffic acquisition costs (TAC) and the associated TAC rate will fluctuate, which could \naffect our overall margins;\n\u2022our expectation that our monetization trends will fluctuate, which could affect ou r revenues and margins;\n\u2022fluctuations in paid clicks and cost-per-click as well as impressions and cost-per-impression, and various \nfactors contributing to such fluctuations;\n\u2022our expectation that we will continue to periodically review, refine, and update our methodologies for \nmonitoring, gathering, and counting the number of paid clicks and impressions;\n\u2022our expectation that our results will be affected by our performance in international markets as users in \ndeveloping economies increasingly come online;\n\u2022our expectation that our foreign exchange risk management program will not fully offset our net exposure to \nfluctuations in foreign currency exchange rates;\n\u2022the expected variability of gains and losses related to hedging activities under our foreign exchange risk \nmanagement program;\n\u2022the amount and timing of revenue recognition from customer contracts with commitments for performance \nobligations, including our estimate of the remaining amount of commitments and when we expect to recognize \nrevenue;\n\u2022our expectation that our capital expenditures will increase, including the expected increase in our technical \ninfrastructure investment to support the growth of our business and our long-term initiatives, in particular in \nsupport of artificial intelligence (AI) products and services;\n\u2022our plans to continue to invest in new businesses, products, services and technologies, and systems, as well \nas to continue to invest in acquisitions and strategic investments;\n\u2022our pace of hiring and our plans to provide competitive compensation programs;"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548dfa44-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 3, "chroma:document": "\u2022our pace of hiring and our plans to provide competitive compensation programs;\n\u2022our expectation that our cost of revenues, research and development (R&D) expenses, sales and marketing \nexpenses, and general and administrative expenses may increase in amount and/or may increase as a \npercentage of revenues and may be affected by a number of factors;\n\u2022estimates of our future compensation expenses;\n\u2022our expectation that our other income (expense), net (OI&E), will fluctuate in the future, as it is largely driven \nby market dynamics;\n\u2022our expectation that our effective tax rate  and cash tax payments could increase in future years;\n\u2022seasonal fluctuations in internet usage and advertiser expenditures , underlying business trends such as \ntraditional retail seasonality, which are likely to cause fluctuations in our quarterly results;\n\u2022the sufficiency of our sources of funding;\n\u2022our potential exposure in connection with new and pending investigations, proceedings, and other \ncontingencies, including the possibility that certain legal proceedings to which we are a party could harm our \nbusiness , financial condition, and operating results;\n\u2022our expectation that we will continue to face heightened regulatory scrutiny and cha nges in regulatory \nconditions, laws, and public policies,  which could affect our business practices and financial results;Table of Contents Alphabet Inc.\n3."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548dfa9e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 4, "chroma:document": "\u2022the expected timing, amount, and effect of Alphabet Inc.'s share repurchases;\n\u2022our long-term sustainability and diversity goals;\nas well as other statements regarding our future operations, financial condition and prospects, and business strategies. \nForward-looking statements may appear throughout this report and other documents we file with the Securities and \nExchange Commission (SEC), including without limitation, the following sections: Part I, Item 1 \"Business;\" Part I, Item \n1A \"Risk Factors;\" and Part II, Item 7 \"Management\u2019s Discussion and Analysis of Financial Condition and Results of \nOperations.\" Forward-looking statements generally can be identified by words such as \"anticipates,\" \"believes,\" \n\"could,\" \"estimates,\" \"expects,\" \"intends,\" \"may,\" \"plans,\" \"predicts,\" \"projects,\" \"will be,\" \"will continue,\" \"will likely \nresult,\" and similar expressions. These forward-looking statements are based on current expectations and \nassumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially from \nthose reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, \nbut are not limited to, those discussed in this Annual Report on Form 10-K, including the risks discussed in Part I, Item \n1A \"Risk Factors\" and the trends discussed in Part II, Item 7 \"Management's Discussion and Analysis of Financial \nCondition and Results of Operations,\" and those discussed in other documents we file with the SEC. We undertake no \nobligation to revise or publicly release the results of any revision to these forward-looking statements, except as \nrequired by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such \nforward-looking statements.\nAs used herein, \"Alphabet,\" \"the company,\" \"we,\" \"us,\" \"our,\" and similar terms include Alphabet Inc. and its \nsubsidiaries, unless the context indicates otherwise.\n\"Alphabet,\" \"Google,\" and other trademarks of ours appearing in this report are our property. We do not intend our \nuse or display of other companies' trade names or trademarks to imply an endorsement or sponsorship of us by such \ncompanies, or any relationship with any of these companies.\nPART I\nITEM 1. BUSINESS\nOverview"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 4, "chroma:document": "PART I\nITEM 1. BUSINESS\nOverview\nAs our founders Larry and Sergey wrote in the original founders' letter, \"Google is not a conventional company. \nWe do not intend to become one.\" That unconventional spirit has been a driving force throughout our history, inspiring \nus to tackle big problems and invest in moonshots . It led us to be a pioneer in the development of AI and, since 2016, \nan AI-first company. We continue this work under the leadership of Alphabet and Google CEO, Sundar Pichai.\nAlphabet is a collection of businesses \u2014 the largest of which is Google. We report Google in two segments, \nGoogle Services  and Google Cloud, and all non-Google businesses collectively as Other Bets. Alphabet's structure is \nabout helping each of our businesses prosper through strong leaders and independence. \nAccess and Technology for Everyone\nThe Internet is one of the world\u2019s most powerful equalizers; it propels ideas, people, and businesses large and \nsmall. Our mission to organize the world\u2019s information and make it universally accessible and useful is as relevant \ntoday as it was when we were founded in 1998. Since then, we have evolved from a company that helps people find \nanswers to a company that also helps people get things done. \nWe are focused on building an even more helpful Google for everyone, and we aspire to give everyone the tools \nthey need to increase their knowledge, health, happiness, and success. Google Search  helps people find information \nand make sense of the world in more natural and intuitive ways, with trillions of searches on Google every year. \nYouTube provides people with entertainment, information, and opportunities to learn something new. Google Assistant \noffers the best way to get things done seamlessly across different devices, providing intelligent help throughout a \nperson's day, no matter where they are. Google Cloud helps customers solve today\u2019s business challenges, improve \nproductivity, reduce costs, and unlock new growth engines. We are continually innovating and building new products \nand features that will help our users, partners, customers, and communities and have invested more than $150 billion \nin research and development in the last five years in support of these efforts .\nMaking AI H elpful for Everyone\nAI is a transformational technology that can bring meaningful and positive change to people and societies across"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 4, "chroma:document": "the world, and for our business. At Google, we have been bringing AI into our products and services for more than a \ndecade and making them available to our users. Our journey began in 2001, when machine learning was first \nincorporated into Google Search to suggest better spellings to users searching the web. Today, AI in our products is Table of Contents Alphabet Inc.\n4."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 5, "chroma:document": "used by billions of people globally through features like autocomplete suggestions in Google Search; translation across \n133 languages in Google Translate; and organization, searching, and editing in Google Photos.\nLarge language models (LLMs) are an exciting aspect of our work in AI based on deep learning architectures, \nsuch as the Transformer, a neural network architecture that we introduced in 2017 that helped with language \nunderstanding. This led to the Bidirectional Encoder Representations from Transformers, or BERT, in 2019 that helped \nSearch understand the intent of user search queries better than ever before.\nGoogle was a company built in the cloud, and we continue to invest in our Google Cloud offerings, including \nGoogle Cloud Platform and Google Workspace, to help organizations stay at the forefront of AI innovation with our AI-\noptimized infrastructure, mature AI platform and world-class models, and assistive agents.\nWe believe AI can solve some of the hardest societal, scientific and engineering challenges of our time. For \nexample, in 2020, Google DeepMind\u2019s AlphaFold system solved a 50-year-old protein folding challenge. Since then, \nwe have open-sourced to the scientific community 200 million of AlphaFold\u2019s protein structures which are used to work \non everything from accelerating new malaria vaccines to advancing cancer drug discovery and developing plastic-\neating enzymes. As another example, AI can also have a transformative effect on climate progress by providing helpful \ninformation, predicting climate-related events, and optimizing climate action. Using advanced AI and geospatial \nanalysis, Google Research has developed flood forecasting models that can provide early warning and real-time \nflooding information to communities and individuals. \nAs AI continues to improve rapidly, we are focused on giving helpful features to our users and customers as we \ndeliver on our mission to organize the world\u2019s information and make it universally accessible and useful. With a bold \nand responsible approach, we continue to take the next steps to make this technology even more helpful for everyone.\nDeliver the Most Advanced, Safe, and Responsible AI\nWe aim to build the most advanced, safe, and responsible AI with models that are developed, trained, and \nrigorously tested at scale powered by our continued investment in AI technical infrastructure. In December 2023, we \nlaunched Gemini, our most capable and general model. It was built from the ground up to be multimodal, which means"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 5, "chroma:document": "it can generalize and seamlessly understand, operate across, and combine different types of information, including \ntext, code, audio, images, and video. Our teams across Alphabet will leverage Gemini, as well as other AI models we \nhave previously developed and announced, across our business to deliver the best product and service experience s \nfor our use rs, advertisers, partners, customers, and developers.\nWe believe our approach to AI must be both bold and responsible. That means developing AI in a way that \nmaximizes the positive benefits to society while addressing the challenges, guided by our AI P rinciples.  We published \nthese in 2018, as one of the first companies to articulate principles that put beneficial use, users, safety, and avoidance \nof harms above business considerations. While there is natural tension between being bold and being responsible, we \nbelieve it is possible \u2014 and in fact critical \u2014 to embrace that tension productively.\nEnable Organizations and Developers to Innovate on Google Cloud\nAI is not only a powerful enabler, it is also a major platform shift. Globally, businesses from startups to large \nenterprises, and the public sector are thinking about how to drive transformation. That is why we are focused on \nmaking it easy and scalable for others to innovate, and grow, with AI. That means providing the most advanced \ncomputing infrastructure and expanding access to Google\u2019s latest AI models that have been rigorously tested in our \nown products. Our Vertex AI platform gives developers the ability to train, tune, augment, and deploy applications using \ngenerative AI models and services such as Enterprise Search and Conversations. Duet AI for Google Cloud provides \npre-packaged AI agents that assist developers to write, test, document, and operate software.\nImprove Knowledge, Learning, Creativity, and Productivity\nThings that we now consider routine \u2013 like spell check, mobile check deposit, or Google Search, Google \nTranslate, and Google Maps \u2013 all use AI. As AI continues to improve rapidly, we are focused on giving helpful features \nto our users as we continue to deliver on our mission to organize the world\u2019s information and make it universally \naccessible and useful.\nWhile we have been integrating AI into our products for years, we are now embedding the power of generative AI \nto continue helping our users express themselves and get things done. For example, Duet AI in Google Workspace"}


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id: 548dfc9c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 5, "chroma:document": "helps users write, organize, visualize, accelerate workflows, and have richer meetings. Bard allows users to \ncollaborate with experimental AI with new features that include image capabilities, coding support, and app integration. \nDream Screen, a new experimental feature in YouTube, allows for the creation of AI-generated video or image \nbackgrounds to Shorts by typing an idea into a prompt.Table of Contents Alphabet Inc.\n5."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 6, "chroma:document": "We also know businesses of all sizes around the world rely on Google Ads to find customers and grow their \nbusinesses \u2014 and we make that even easier with AI. With Performance Max, advertisers simply tell us their campaign \ngoals and share their creative assets, and AI will automatically produce and run a highly effective ad campaign across \nall of Google\u2019s properties, to meet their budget. Product Studio brings the benefits of AI to businesses of all sizes, \nhelping them easily create uniquely-tailored imagery featuring their products \u2014 for free. Additionally, we are \nexperimenting with Search and Shopping ads that are directly integrated into the AI-powered snapshot and \nconversational mode in Search Generative Experience.\nBuild the Most Helpful Personal Computing Platforms and Devices\nOver the years, our Pixel phones have incorporated AI compute directly into the device and built experiences on \ntop of it. Our latest Pixel devices were built around AI, bringing the best AI-assistive experiences to our users, such as \nBest Take, Magic Editor, and Audio Magic Eraser. As we look ahead, we are designing our Android and Chrome \noperating systems with new AI-forward user experiences. \nMoonshots\nMany companies get comfortable doing what they have always done, making only incremental changes. This \nincrementalism leads to irrelevance over time, especially in technology, where change tends to be revolutionary, not \nevolutionary. People thought we were crazy when we acquired YouTube and Android and when we launched Chrome, \nbut those efforts have matured into major platforms for digital video and mobile devices and a safer, popular browser. \nOur early investments in AI started out as moonshots but are now incorporated into our core products and central to \nfuture developments. We continue to look toward the future and to invest for the long term , most notably for the \napplication of AI to our  products and services , as well as other frontier technolog ies such as quantum computing . As \nwe said in the original founders' letter, we will not shy away from high-risk, high-reward projects that we believe in, as \nthey are the key to our long-term success.\nPrivacy and Security\nWe make it a priority to protect the privacy and security of our products, users, and customers, even if there are \nnear-term financial consequences. We do this by continuously investing in building products that are secure by default;"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 6, "chroma:document": "strictly upholding responsible data practices that emphasize privacy by design; and building easy-to-use settings that \nput people in control. We are continually enhancing these efforts over time, whether by enabling users to auto-delete \ntheir data, giving them tools, such as My Ad Center, to control their ad experience, or advancing anti-malware, anti-\nphishing, and password security features.\nGoogle\nFor reporting purposes Google comprises two segments: Google Services and Google Cloud.\nGoogle Services\nServing Our Users\nWe have always been committed to building helpful products that can improve the lives of millions of people \nworldwide. Our product innovations are what make our services widely used, and our brand one of the most \nrecognized in the world. Google Services' core products and platforms include  ads, Android, Chrome, devices, Gmail, \nGoogle Drive, Google Maps, Google Photos, Google Play, Search, and YouTube , with broad and growing adoption by \nusers around the world.\nOur products and services have come a long way since the company was founded more than 25 years ago. \nWhile Google Search started as a way to find web pages, organized into ten blue links, we have driven technical \nadvancements and product innovations that have transformed Google Search into a dynamic, multimodal experience. \nWe first expanded from traditional desktop browsers into mobile web search, making it easier to navigate on smaller \nscreens. As new types of content surfaced on the internet, Universal Search made it possible to search multiple \ncontent types, like news, images, videos, and more, to deliver rich, relevant results. The introduction of new search \nmodalities, like voice and visual search, made it easier for people to express their curiosity in natural and intuitive \nways. We took that a step further with multisearch, which lets people search with text and images at the same time. \nLarge language models like BERT and Multitask Unified Models, or MUMs, have made it possible to express more \nnatural language queries, vastly improving the quality of results. Each advancement has made it easier and more \nnatural for people to find what they are looking for.\nThis drive to make information more accessible and helpful has led us over the years to improve the discovery \nand creation of digital content both on the web and through platforms like Google Play and YouTube. People are"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 6, "chroma:document": "consuming many forms of digital content, including watching  videos, streaming TV , playing games, listening to music, Table of Contents Alphabet Inc.\n6."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 7, "chroma:document": "reading books, and using apps. Working with content creators and partners, we continue to build new ways for people \naround the w orld to  create and find gr eat digital content.\nFueling all of these great digital experiences are extraordinary platforms and devices. That is why we continue to \ninvest in platforms like our Android mobile operating system, Chrome browser, and Chrome operating system, as well \nas growing our family of devices. We see tremendous potential for devices to be helpful and make people's lives easier \nby combining the best of our AI, software, and hardware. This potential is reflected in our latest generation of devices, \nsuch as the new Pixel 8 and Pixel 8 Pro, and the Pixel Watch 2. Creating products and services that people rely on \nevery day is a journey that we are investing in for the long-term.\nHow We Make Money\nWe have built world-class advertising technologies for advertisers, agencies, and publishers to power their digital \nmarketing businesses. Our advertising solutions help millions of companies grow their businesses through our wide \nrange of products across devices and formats, and we aim to ensure positive user experiences by serving the right ads \nat the right time and by building deep partnerships with brands and agencies. AI has been foundational to our \nadvertising business for more than a decade. Products like Performance Max and Product Studio use the full power of \nour AI to help advertisers find untapped and incremental conversion opportunities.\nGoogle Services generates revenues primarily by delivering both performance and brand advertising that appears \non Google Search & other properties, YouTube, and Google Network partners' properties (\"Google Network \nproperties\"). We continue to invest in both performance and brand advertising and seek to improve the measurability of \nadvertising so advertisers understand the effectiveness of their campaigns.\n\u2022Performance advertising  creates and delivers relevant ads that users will click on leading to direct \nengagement with advertisers. Performance advertising lets our advertisers connect with users while driving \nmeasurable results. Our ads tools allow performance advertisers to create simple text-based ads.\n\u2022Brand advertising  helps enhance users' awareness of and affinity for advertisers' products and services, \nthrough videos, text, images, and other interactive ads that run across various devices. We help brand \nadvertisers deliver digital videos and other types of ads to specific audiences for their brand-building marketing \ncampaigns."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 7, "chroma:document": "campaigns. \nWe have allocated substantial resources to stopping bad advertising practices and protecting users on the web. \nWe focus on creating the best advertising experiences for our users and advertisers in many ways, including filtering \nout invalid traffic, removing billions of bad ads from our systems every year, and closely monitoring the sites, apps, and \nvideos where ads appear and blocklisting them when necessary to ensure that ads do not fund bad content.\nIn addition, Google S ervices increasingly generates revenues from products and services beyond advertising, \nincluding:\n\u2022consumer subscriptions, which primarily include revenues from YouTube  services , such as YouTube TV, \nYouTube Music and Premium ,  and NFL Sunday Ticket, as well as Google One;\n\u2022platforms , which  primarily include  revenues from Google Play from the sales of apps and in-app purchases; \nand\n\u2022device s, which  primar ily include sales of the Pixel family of device s.\nGoogle Cloud\nThrough our Google Cloud Platform and Google Workspace offerings, Google Cloud generates revenues \nprimarily from consumption-based fees and subscriptions for infrastructure, platform, collaboration tools and other \ncloud services. Customers use five key capabilities from Google Cloud.\n\u2022AI-optimized Infrastructure:  provides open, reliable, and scalable compute, networking, and storage to \nenable customers to run workloads anywhere \u2014 on our Cloud, at the edge, or in their data centers. It can be \nused to migrate and modernize IT systems and to train and serve various types of AI models. \n\u2022Cybersecurity:  helps customers detect, protect, and respond to a broad range of cybersecurity threats, with \nAI integrated to further strengthen  security outcomes, prioritize which threats to investigate, and identify attack \npaths, as well as accelerate resolution of cybersecurity threats. \n\u2022Databases and Analytics:  provides a variety of different types of databases \u2014 relational, key-value, in-\nmemory \u2014 to store and manage data for different types of applications. Our Data Cloud also unifies data \nlakes, data warehouses, data governance, and advanced machine learning into a single platform that can \nanalyze data across any cloud.Table of Contents Alphabet Inc.\n7."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 8, "chroma:document": "\u2022Collaboration Tools:  Google Workspace and Duet AI in Google Workspace provide easy-to-use, secure \ncommunication and collaboration tools, including apps like Gmail, Docs, Drive, Calendar, Meet, and more. \nThese tools enable secure hybrid and remote work, boosting productivity and collaboration. AI has been used \nin Google Workspace for years to improve grammar, efficiency, security, and more with features like Smart \nReply, Smart Compose, and malware and phishing protection in Gmail.  Duet AI in Google Workspace helps \nusers write, organize, visualize, accelerate workflows, and have richer meetings.\n\u2022AI Platform and Duet AI for Google Cloud:  Our Vertex AI platform gives developers the ability to train, tune, \naugment, and deploy applications using generative AI models and services such as Enterprise Search and \nConversations. Duet AI for Google Cloud provides pre-packaged AI agents that assist developers to write, test, \ndocument, and operate software.\nOther Bets\n Across Alphabet, we are also using technology to try to solve big problems that affect a wide variety of industries \nfrom improving transportation and health technology to exploring solutions to address climate change. Alphabet\u2019s \ninvestment in the portfolio of Other Bets includes businesses that are at various stages of development, ranging from \nthose in the R&D phase to those that are in the beginning stages of commercialization. Our goal is for them to become \nthriving, successful businesses. Other Bets operate as independent companies and some of them have their own \nboards with independent members and outside investors. While these early-stage businesses naturally come with \nconsiderable uncertainty, s ome of them are already generating revenue and making important strides in their \nindustries.  Revenues from Other Bets are generated primarily from the sale of healthcare-related services and internet \nservices.\nCompetition\nOur business is characterized by rapid change as well as new and disruptive technologies. We face formidable \ncompetition in every aspect of our business, including, among others, from:\n\u2022general purpose search engines and information services;\n\u2022vertical search engines and e-commerce providers for queries related to travel, jobs, and health, which users \nmay navigate directly to rather than go through Google;\n\u2022online advertising platforms and networks;\n\u2022other forms of advertising, such as billboards, magazines, newspapers, radio, and television as our advertisers"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 8, "chroma:document": "typically advertise in multiple media, both online and offline;\n\u2022digital content and application platform providers;\n\u2022providers of enterprise cloud services;\n\u2022developers  and providers of AI products and services ;\n\u2022companies that design, manufacture, and market consumer hardware products, including businesses that \nhave developed proprietary platforms;\n\u2022providers of digital video services; \n\u2022social networks, which users may rely on for product or service referrals, rather than seeking information \nthrough traditional search engines;\n\u2022providers of workspace communication and connectivity products; and \n\u2022digital assistant providers .\nCompeting successfully depends heavily on our ability to develop and distribute innovative products and \ntechnologies to the marketplace across our businesses. For example, for advertising, competing successfully depends \non attracting and retaining:\n\u2022users, for whom other products and services are literally one click away, largely on the basis of the relevance \nof our advertising, as well as the general usefulness, security, and availability of our products and services;\n\u2022advertisers, primarily based on our ability to generate sales leads, and ultimately customers, and to deliver \ntheir advertisements in an efficient and effective manner across a variety of distribution channels; and\n\u2022content providers, primarily based on the quality of our advertiser base, our ability to help these partners \ngenerate revenues from advertising, and the terms of our agreements with them.Table of Contents Alphabet Inc.\n8."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 9, "chroma:document": "For additional information about competition, see Item 1A Risk Factors of this Annual Report on Form 10-K. \nOngoing Commitment to Sustainability\nWe believe that every business has the opportunity and obligation to protect our planet. Sustainability is one of \nour core values at Google, and we strive to build sustainability into everything we do. We have been a leader on \nsustainability and climate change since Google\u2019s founding more than 25 years ago. \nOur sustainability work is focused on empowering individuals to take action, working together with our partners \nand customers, and working to reduce  our carbon footprint across our operations and supply chain .\nIn 2020, we shared our aspiration to help individuals, cities, and other partners collectively reduce one gigaton of \ntheir carbon equivalent emissions annually by 2030. This is an ambitious vision that we have set to push us to \ncontribute meaningfully to helping with climate solutions beyond our own operations and value chain.  \nIn 2021, we set an ambitious goal to achieve net-zero emissions across all of our operations and value chain, by \n2030. To accomplish this, we aim to reduce 50% of our combined Scope 1, Scope 2 (market-based), and Scope 3 \nabsolute emissions (versus our 2019 baseline) before 2030, and plan to invest in nature-based and technology-based \ncarbon removal solutions to neutralize our remaining emissions. We have formally committed to the Science Based \nTargets initiative to seek their validation of our absolute emissions reduction  target. \nOne of the key levers for reducing emissions from our operations is transitioning to clean energy.  Since 2017, we \nhave matched 100% of the electricity consumption of our global operations with purchases of renewable energy on an \nannual basis. However, because of differences in the availability of renewable energy sources like solar and wind \nacross the regions where we operate\u2014and because of the variable supply of these resources\u2014we still need to rely on \ncarbon-emitting energy sources that power local grids. That is why we set a goal to run on 24/7 carbon-free energy \n(CFE) on every grid where we operate by 2030.\nAchieving net-zero emissions and 24/7 CFE by 2030 are extremely ambitious goals. We also know that our path"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 9, "chroma:document": "to net-zero emissions w ill not be easy or linear. Some of our plans may take years to deliver results, particularly where \nthey involve building new large-scale infrastructure with long lead times. So as our business continues to evolve, we \nexpect our emissions to rise before dropping towards our absolute emissions reduction target.\nTo benefit the people and places where we operate, we have set goals to replenish 120% of the freshwater \nvolume we consume, on average, across our offices and data centers by 2030 and to help restore and improve the \nquality of water and health of ecosystems in the communities where we operate. \nWe also aim to maximize the reuse of finite resources across our operations, products, and supply chains.  Our \ncircularity principles focus on designing out waste from the start, keeping materials in use for as long as possible, and \npromoting healthy materials\u2014for our data centers, workplaces, and products.\nMore information on our approach to sustainability can be found in our annual sustainability reports, including \nGoogle\u2019s Environmental Report. The contents of our sustainability reports are not incorporated by reference into this \nAnnual Report on Form 10-K or in any other report or document we file with the SEC. For additional information about \nrisks and uncertainties applicable to our commitments to attain certain sustainability goals, see Item 1A Risk Factors of \nthis Annual Report on Form 10-K.\nCulture and Workforce\nWe are a company of curious, talented, and passionate people. We embrace collaboration and creativity, and \nencourage the iteration of ideas to address complex challenges in technology and society.\nOur people are critical for our continued success, so we work hard to create an environment where employees \ncan have fulfilling careers, and be happy, healthy, and productive. We offer industry-leading benefits and programs to \ntake care of the diverse needs of our employees and their families, including opportunities for career growth and \ndevelopment, resources to support their financial health, and access to excellent healthcare choices. Our competitive \ncompensation programs help us to attract and retain top candidates, and we will continue to invest in recruiting \ntalented people to technical and non-technical roles, and rewarding them well. We provide a variety of high quality \ntraining and support to managers to build and strengthen their capabilities-\u2013ranging from courses for new managers, to"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 9, "chroma:document": "learning resources that help them provide feedback and manage performance, to coaching and individual support.\nAt Alphabet, we are committed to making diversity, equity, and inclusion part of everything we do and to growing a \nworkforce that is representative of the users we serve. More information on Google\u2019s approach to diversity can be \nfound in our annual diversity reports, available publicly at diversity.google. The contents of our diversity reports are not \nincorporated by reference into this Annual Report on Form 10-K or in any other report or document we file with the \nSEC.Table of Contents Alphabet Inc.\n9."}


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id: 548e00fc-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 10, "chroma:document": "As of December 31, 2023 , Alphabet had 182,502  employees. We have work councils and statutory employee \nrepresentation obligations in certain countries, and we are committed to supporting protected labor rights, maintaining \nan open culture, and listening to all employees. Supporting healthy and open dialogue is central to how we work, and \nwe communicate information about the company through multiple internal channels to our employees.\nWhen necessary we contract with businesses around the world to provide specialized services where we do not \nhave appropriate in-house expertise or resources, often in fields that require specialized training like cafe operations, \ncontent moderation, customer support, and physical security. We also contract with temporary staffing agencies when \nwe need to cover short-term leaves, when we have spikes in business needs, or when we need to quickly incubate \nspecial projects. We choose our partners and staffing agencies carefully, and review their compliance with Google\u2019s \nSupplier Code of Conduct. We continually make improvements to promote a respectful and positive working \nenvironment for everyone \u2014 employees, vendors, and temporary staff alike.\nGovernment Regulation\nWe are subject to numerous United States (U.S.) federal, state, and local, as well as foreign laws and regulations \ncovering a wide variety of subjects, and the scope of this coverage continues to broaden with continuing new legal and \nregulatory developments in the U.S. and internationally. Like other companies in the technology industry, we face \nincreasingly heightened scrutiny from both U.S. and foreign governments with respect to our compliance with laws and \nregulations. Many of these laws and regulations are evolving and their applicability and scope, as interpreted by the \ncourts, remain uncertain. Particularly  with regard to AI; climate change and sustainability; competition; consumer \nprotection; content moderation; data privacy and security;  news publications; and reporting on human capital and \ndiversity , we have seen an increase in new and evolving laws and regulations, as well as related enforcement actions \nand investigations, being proposed and implemented in recent years by legislative and regulatory bodies around the \nworld.\nOur compliance with these laws and regulations may be onerous and could, individually or in the aggregate, \nincrease our cost of doing business, make our products and services less useful, limit our ability to pursue certain \nbusiness models, cause us to change our business practices, affect our competitive position relative to our peers, and/"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 10, "chroma:document": "or otherwise harm our business, reputation, financial condition, and operating results.\nFor additional information about government regulation applicable to our business, see Item 1A Risk Factors; \nTrends in Our Business and Financial Effect in Part II, Item 7; and Legal Matters in Note 10  of the Notes to \nConsolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.\nIntellectual Property\nWe rely on various intellectual property laws, confidentiality procedures and contractual provisions to protect our \nproprietary technology and our brand. We have registered, and applied for the registration of, U.S. and international \ntrademarks, service marks, domain names, and copyrights. We have also filed patent applications in the U.S. and \nforeign countries covering certain of our technology, and acquired patent assets to supplement our portfolio. We have \nlicensed in the past, and expect that we may license in the future, certain of our rights to other parties. For additional \ninformation, see Item 1A Risk Factors of this Annual Report on Form 10-K.\nAvailable Information\nOur website is located at www.abc.xyz, and our investor relations website is located at www.abc.xyz/investor. \nAccess to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and our \nProxy Statements, and any amendments to these reports, is available on our investor relations website, free of charge, \nafter we file or furnish them with the SEC and they are available on the SEC's website at www.sec.gov.\nWe webcast via our investor relations website our earnings calls and certain events we participate in or host with \nmembers of the investment community. Our investor relations website also provides notifications of news or \nannouncements regarding our financial performance and other items that may be material or of interest to our \ninvestors, including SEC filings, investor events, press and earnings releases, and blogs. We also share Google news \nand product updates on Google's Keyword blog at https://www.blog.google/, which may be of interest or material to our \ninvestors. Further, corporate governance information, including our certificate of incorporation, bylaws, governance \nguidelines, board committee charters, and code of conduct, is also available on our investor relations website under"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e01d8-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 10, "chroma:document": "the heading \"Governance.\" The content of our websites are not incorporated by reference into this Annual Report on \nForm 10-K or in any other report or document we file with the SEC, and any references to our websites are intended to \nbe inactive textual references only.Table of Contents Alphabet Inc.\n10."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0232-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 11, "chroma:document": "ITEM 1A. RISK FACTORS\nOur operations and financial results are subject to various risks and uncertainties, including but not limited to \nthose described below, which could harm our business, reputation, financial condition, and operating results, and affect \nthe trading price of our Class A and Class C stock.\nRisks Specific to our Company\nWe generate a significant portion of our revenues from advertising. Reduced spending by advertisers, a \nloss of partners, or new and existing technologies that block ads online and/or affect our ability to customize \nads could harm our business. \nWe generated more than 75% of total  revenues from online advertising in 2023. Many of our advertisers, \ncompanies that distribute our products and services, digital publishers, and content providers can terminate their \ncontracts with us at any time. These partners may not continue to do business with us if we do not create more value \n(such as increased numbers of users or customers, new sales leads, increased brand awareness, or more effective \nmonetization) than their available alternatives. Changes to our advertising policies and data privacy practice s, such as \nour initiatives to phase out third-party cookies,  as well as changes to other companies\u2019 advertising and/or data privacy \npractices have in the past, and may in the future, affect the advertising that we are able to provide. In addition, \ntechnologies have been developed that make customized ads more difficult, or that block the display of ads altogether, \nand some providers of online services have integrated these technologies that could potentially impair the availability \nand functionality of third-party digital advertising. Failing to provide superior value or deliver advertisements effectively \nand competitively could harm our business, reputation, financial condition, and operating results. \nIn addition, expenditures by advertisers tend to correlate with overall economic conditions. Adverse \nmacroeconomic conditions have affected, and may in the future affect, the demand for advertising, resulting in \nfluctuations in the amounts our advertisers spend on advertising, which could harm our financial condition and \noperating results. \nWe face intense competition. If we do not continue to innovate and provide products and services that \nare useful to users, customers, and other partners, we may not remain competitive, which could harm our \nbusiness, financial condition, and operating results. \nOur business environment is rapidly evolving and intensely competitive. Our businesses face changing"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 11, "chroma:document": "Our business environment is rapidly evolving and intensely competitive. Our businesses face changing \ntechnologies, shifting user needs, and frequent introductions of rival products and services. To compete successfully, \nwe must accurately anticipate technology developments and deliver innovative, relevant and useful products, services, \nand technologies in a timely manner. As our businesses evolve, the competitive pressure to innovate will encompass a \nwider range of products and services. We must continue to invest significant resources in technical infrastructure and \nR&D, including through acquisitions, in order to enhance our technology, products , and services . \nWe have many competitors in different industries. Our current and potential domestic and international \ncompetitors range from large and established companies to emerging start-ups. Some competitors have longer \noperating histories and well-established relationships in various sectors. They can use their experience and resources \nin ways that could affect our competitive position, including by making acquisitions  and entering into other strategic \narrangements ; continuing to invest heavily in technical infrastructure, R&D, and in talent;  initiating intellectual property \nand competition claims (whether or not meritorious); and continuing to compete for users, advertisers, customers, and \ncontent providers. Further, discrepancies in enforcement of existing laws may enable our lesser known competitors to \naggressively interpret those laws without commensurate scrutiny, thereby affording them competitive advantages. Our \ncompetitors may also be able to innovate and provide products and services faster than we can or may foresee the \nneed for products and services before we do. \nWe are expanding our investment in AI across the entire company . This includes generative AI and continuing to \nintegrate AI capabilities into our products and services. AI technology and services are highly competitive, rapidly \nevolving, and require significant investment, including development and operational costs, to meet the changing needs \nand expectations of our existing users and attract new users. Our ability to deploy certain AI technologies critical for \nour products and services and for our business strategy may depend on the availability and pricing of third-party \nequipment and technical infrastructure. Additionally, other companies may develop AI products and technologies that \nare similar or superior to our technologies or more cost-effective to deploy. Other companies may also have (or in the \nfuture may obtain) patents or other proprietary rights that would prevent, limit, or interfere with our ability to make, use, \nor sell our own AI products and services."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e02f0-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 11, "chroma:document": "or sell our own AI products and services.\nOur financial condition and operating results may also suffer if our products and services are not responsive to the \nevolving needs and desires of our users, advertisers, publishers, customers, and content providers. As new and \nexisting technologies continue to develop, competitors and new entrants may be able to offer experiences that are, or Table of Contents Alphabet Inc.\n11."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0354-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 12, "chroma:document": "that are seen to be, substantially similar to or better than ours. These technologies could reduce usage of our products \nand services, and force us to compete in different ways and expend significant resources to develop and operate equal \nor better products and services. Competitors\u2019 success in providing compelling products and services or in attracting \nand retaining users, advertisers, publishers, customers, and content providers could harm our financial condition and \noperating results. \nOur ongoing investment in new businesses, products, services, and technologies  is inherently risky, and \ncould divert management attention and harm our business, financial condition, and operating results. \nWe have invested and expect to continue to invest in new businesses, products, services,  and technologies in a \nwide range of industries beyond online advertising. The investments that we are making across our businesses, such \nas building AI capabilities into new and existing products and services , reflect our ongoing efforts to innovate and \nprovide products and services that are helpful to users, advertisers, publishers, customers, and content providers . Our \ninvestments ultimately  may not be commercially viable or may not result in an adequate return of capital and, in \npursuing new strategies, we may incur unanticipated liabilities. Innovations in our products and services could also \nresult in changes to user behavior and affect our revenue trends. These endeavors involve significant risks and \nuncertainties, including diversion of resources and management attention from current operations, different \nmonetization models, and the use of alternative investment, governance, or compensation structures that may fail to \nadequately align incentives across the company or otherwise accomplish their objectives.\nWithin Google Services , we continue to invest heavily in devices , including our smartphones, home devices,  and \nwearables, which is a highly competitive market  with frequent introduction of new products and services, rapid \nadoption of technological advancements by competitors, increased market saturation in developed countries, short \nproduct life cycles, evolving industry standards, continual improvement in performance characteristics, and price and \nfeature sensitivity on the part of consumers and businesses.  There can be no assurance we will be able to provide \ndevices  that compete  effectively. \nWithin Google Cloud , we devote significant resources to develop and deploy our enterprise-ready cloud services, \nincluding Google Cloud Platform and Google Workspace, and we are advancing our AI platforms and models to"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 12, "chroma:document": "support these tools and technologies. We are incurring costs to build and maintain infrastructure to support cloud \ncomputing services, invest in cybersecurity, and hire talent, particularly to support and scale our sales force. At the \nsame time, our competitors are rapidly developing and deploying cloud-based services. Pricing and delivery models \nare competitive and constantly evolving, and we may not attain sufficient scale and profitability to achieve our business \nobjectives. Further, our business with public sector customers may present additional risks, including regulatory \ncompliance risks. For instance, we may be subject to government audits and cost reviews, and any failure to comply or \nany deficiencies found may expose us to legal, financial, and/or reputational risks. Evolving laws and regulations may \nrequire us to make new capital investments, build new products, and seek partners to deliver localized services in \nother countries, and we may not be able to meet sovereign operating requirements. \nWithin Other Bets, we are investing significantly in the areas of health, life sciences, and transportation, among \nothers. These investment areas face intense competition from large, experienced, and well-funded competitors, and \nour offerings, many of which involve the development of new and emerging technologies, may not be successful, or be \nable to compete effectively or operate at sufficient levels of profitability. \nIn addition, new and evolving products and services, including those that use AI, raise ethical, technological, \nlegal, regulatory, and other challenges, which may negatively affect our brands and demand for our products and \nservices. Because all of these investment areas are inherently risky, no assurance can be given that such strategies \nand offerings will be successful or will not harm our reputation, financial condition, and operating results. \nOur revenue growth rate could decline over time , and we may experience  downward pressure on our \noperating margin in the future. \nOur revenue growth rate  could decline over time as a result of a number of factors, including changes in the \ndevices and modalities used to access our products and services; changes in geographic mix; deceleration or declines \nin advertiser spending; competition; customer usage and demand for our products; decreases in our pricing of our \nproducts and services; ongoing product and policy changes; and shifts to lower priced products and services.  \nIn addition, we may experience downward pressure on our operating margin resulting from a variety of factors,"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0408-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 12, "chroma:document": "such as an increase in the mix of lower-margin products and services, in particular from the continued expansion of our \nbusiness into new fields, including products and services such as our devices , Google Cloud, and consumer  \nsubscription products, as well as significant investments in Other Bets, all of which may have margins lower than those \nwe generate from advertising. In particular, margins on our device s have had, and may continue to have, an adverse \neffect on our consolidated margins due to pressures on pricing and higher cost of sales. We may also experience Table of Contents Alphabet Inc.\n12."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0462-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 13, "chroma:document": "downward pressure on our operating margins from increasing regulations, increasing competition, and increasing costs \nfor many aspects of our business. Further, certain of our costs and expenses are generally less variable in nature and \nmay not correlate to changes in revenue. W e may  also not be able to execute our efforts to re-engineer our cost base \nsuccessfully or in a timely manner. Due to these factors and the evolving nature of our business, our historical revenue \ngrowth rate and historical operating margin may not be indicative of our future performance. For additional information, \nsee Trends in Our Business and Financial Effect and Revenues and Monetization Metrics in Part II, Item 7 of this \nAnnual Report on Form 10-K. \nOur intellectual property rights are valuable, and any inability to protect them could reduce the value of \nour products, services, and brands as well as affect our ability to compete. \nOur patents, trademarks, trade secrets, copyrights, and other intellectual property rights are important assets for \nus. Various events outside of our control pose a threat to our intellectual property rights, as well as to our products, \nservices, and technologies. For example, effective intellectual property protection may not be available in every country \nin which our products and services are distributed or made available through the Internet. Also, the efforts we have \ntaken to protect our proprietary rights may not be sufficient or effective. Although we seek to obtain patent protection \nfor our innovations, it is possible we may not be able to protect some of these innovations. Moreover, we may not have \nadequate patent or copyright protection for certain innovations that later turn out to be important. There is always the \npossibility that the scope of the protection gained will be insufficient or that an issued patent may be deemed invalid or \nunenforceable. \nWe also seek to maintain certain intellectual property as trade secrets. The secrecy of such trade secrets and \nother sensitive information could be compromised, which could cause us to lose the competitive advantage resulting \nfrom these trade secrets. We also face risks associated with our trademarks. For example, there is a risk that the word \n\u201cGoogle\u201d could become so commonly used that it becomes synonymous with the word \u201csearch.\u201d Some courts have \nruled that \"Google\" is a protectable trademark, but it is possible that other courts, particularly those outside of the U.S.,"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e04bc-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 13, "chroma:document": "may reach a different determination. If this happens, we could lose protection for this trademark, which could result in \nother people using the word \u201cGoogle\u201d to refer to their own products, thus diminishing our brand. \nAny significant impairment of our intellectual property rights could harm our business and our ability to compete. \nAlso, protecting our intellectual property rights is costly and time consuming. Any increase in the unauthorized use of \nour intellectual property could make it more expensive to do business and harm our financial condition and operating \nresults. \nOur business depends on strong brands, and failing to maintain and enhance our brands would hurt our \nability to expand our base of users, advertisers, customers, content providers, and other partners. \nOur strong brands have significantly contributed to the success of our business. Maintaining and enhancing the \nbrands within Google Service s, Google Cloud, and Other Bets increases our ability to enter new categories and launch \nnew and innovative products and services that better serve the needs of our users, advertisers, customers, content \nproviders, and other partners. Our brands have been, and may in the future be, negatively affected by a number of \nfactors, including, among others, reputational issues, third-party content shared on our platforms, data privacy and \nsecurity issues and developments, and product or technical performance failures.  For example, if we fail to respond \nappropriately to the sharing of misinformation or objectionable content on our services and/or products or objectionable \npractices by advertisers, or otherwise to adequately address user concerns, our users may lose confidence in our \nbrands. \nFurthermore, failure to maintain and enhance our brands could harm our business, reputation, financial condition, \nand operating results. Our success will depend largely on our ability to remain a technology leader and continue to \nprovide high-quality, trustworthy, innovative products and services that are truly useful and play a valuable role in a \nrange of settings. \nWe face a number of manufacturing and supply chain risks that could harm our business, financial \ncondition, and operating results. \nWe face a number of risks related to manufacturing and supply chain management, which could affect our ability \nto supply both our products and our services. \nWe rely on contract manufacturers to manufacture or assemble our device s and servers and networking \nequipment used in our technical infrastructure, and we may supply the contract manufacturers with components to"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0520-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 13, "chroma:document": "assemble t he device s and equipment. We also rely on other companies to participate in the  supply of components and  \ndistribution of our products and services. Our business could be negatively affected if we are not able to engage these \ncompanies with the necessary capabilities or capacity on reasonable terms, or if those we engage fail to meet their Table of Contents Alphabet Inc.\n13."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e057a-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 14, "chroma:document": "obligations (whether due to financial difficulties or other reasons), or make adverse changes in the pricing or other \nmaterial terms of our arrangements with them. \nWe have experienced and/or may in the future experience supply shortages, price increases, quality issues, and/\nor longer lead times that could negatively affect our operations, driven by raw material, component availability, \nmanufacturing capacity, labor shortages, industry allocations, logistics capacity, inflation, foreign currency exchange \nrates, tariffs, sanctions and export controls, trade disputes and barriers, forced labor concerns, sustainability sourcing \nrequirements, geopolitical tensions, armed conflicts, natural disasters or pandemics, the effects of climate change \n(such as sea level rise, drought, flooding, heat waves, wildfires and resultant air quality effects and power shutdowns  \nassociated with wildfire prevention, and increased storm severity), power loss, and significant changes in the financial \nor business condition of our suppliers. Some of the components we use in our technical infrastructure and our device s \nare available from only one or limited sources, and we may not be able to find replacement vendors on favorable terms \nin the event of a supply chain disruption. A significant supply interruption that affects us or our vendors could delay \ncritical data center upgrades or expansions and delay consumer product availability . \nWe may enter into long-term contracts for materials and products that commit us to significant terms and \nconditions. We may face costs for materials and products that are not consumed due to market demand, technological \nchange, changed consumer preferences, quality, product recalls, and warranty issues. For instance, because certain of \nour hardware  supply contracts have volume-based pricing or minimum purchase requirements, if the volume of sales \nof our devices decreases or does not reach projected targets, we could face increased materials and manufacturing \ncosts or other financial liabilities that could make our products more costly per unit to manufacture and harm our \nfinancial condition and operating results. Furthermore, certain of our competitors may negotiate more favorable \ncontractual terms based on volume and other commitments that may provide them with competitive advantages and \nmay affect our supply. \nOur device s have had, and in the future may have, quality issues resulting from design, manufacturing, or \noperations. Sometimes, these issues may be caused by components we purchase from other manufacturers or \nsuppliers. If the quality of our products and services does not meet expectations or our products or services are"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e05d4-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 14, "chroma:document": "defective or require a recall, it could harm our reputation, financial condition, and operating results.  \nWe require our suppliers and business partners to comply with laws and, where applicable, our company policies \nand practices, such as the Google Supplier Code of Conduct, regarding workplace and employment practices, data \nsecurity, environmental compliance, and intellectual property licensing, but we do not control them or their practices. \nViolations of law or unethical business practices could result in supply chain disruptions, canceled orders, harm to key \nrelationships, and damage to our reputation. Their failure to procure necessary license rights to intellectual property \ncould affect our ability to sell our products or services and expose us to litigation or financial claims. \nInterruption to, interference with, or failure of our complex information technology and communications \nsystems could hurt our ability to effectively provide our products and services, which could harm  our \nreputation, financial condition, and operating results. \nThe availability of our products and services and fulfillment of our customer contracts depend on the continuing \noperation of our information technology and communications systems. Our systems are vulnerable to damage, \ninterference, or interruption from modifications or upgrades, terrorist attacks, state-sponsored attacks, natural disasters \nor pandemics, geopolitical tensions or armed conflicts, export controls and sanctions, the effects of climate change \n(such as sea level rise, drought, flooding, heat waves, wildfires and resultant air quality effects and power shutdowns  \nassociated with wildfire prevention, and increased storm severity), power loss, utility outages, telecommunications \nfailures, computer viruses, software bugs, ransomware attacks, supply-chain attacks, computer denial of service \nattacks, phishing schemes, or other attempts to harm or access our systems. Some of our data centers are located in \nareas with a high risk of major earthquakes or other natural disasters. Our data centers are also subject to break-ins, \nsabotage, and intentional acts of vandalism, and, in some cases, to potential disruptions resulting from problems \nexperienced by facility operators or disruptions as a result of geopolitical tensions and conflicts happening in the area. \nSome of our systems are not fully redundant, and disaster recovery planning cannot account for all eventualities. The \noccurrence of a natural disaster or pandemic, closure of a facility, or other unanticipated problems affecting our data"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e062e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 14, "chroma:document": "centers could result in lengthy interruptions in our service. In addition, our products and services are highly technical \nand complex and have contained in the past, and may contain in the future, errors or vulnerabilities, which could result \nin interruptions in or failure of our services or systems. Any of these incidents could impede or prevent us from \neffectively offering products and providing services, which could harm our reputation, financial condition, and operating \nresults. \nOur international operations expose us to additional risks that could harm our business, financial \ncondition, and operating results.Table of Contents Alphabet Inc.\n14."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 15, "chroma:document": "Our international operations are significant to our revenues and net income, and we plan to continue to grow \ninternationally. International revenues accounted for approximately 53% of our consolidated revenues in 2023. In \naddition to risks described elsewhere in this section, our international operations expose us to other risks, including the \nfollowing:\n\u2022restrictions on foreign ownership and investments, and stringent foreign exchange controls that might prevent \nus from repatriating cash earned in countries outside the U.S.;\n\u2022sanctions, import and export controls, other market access barriers, political unrest, geopolitical tensions, \nchanges in regimes, or armed conflict (such as ongoing conflicts in the Middle East and Ukraine), any of which \nmay affect our business continuity, increase our operating costs, limit demand for our products and services, \nlimit our ability to source components or final products, or prevent or impede us from  operating in certain \njurisdictions , complying with local laws, or offering products or services;\n\u2022longer payment cycles in some countries, increased credit risk, and higher levels of payment fraud;\n\u2022an evolving foreign policy landscape that may adversely affect our revenues and could subject us to litigation, \nnew regulatory costs and challenges (including new customer requirements), uncertainty regarding regulatory \noutcomes, and other liabilities under local laws that may not offer due process or clear legal precedent;\n\u2022anti-corruption laws, such as the U.S. Foreign Corrupt Practices Act, and other local laws prohibiting certain \npayments to government officials, violations of which could result in civil and criminal penalties; and\n\u2022different employee/employer relationships, existence of works councils and differing labor practices, and other \nchallenges caused by distance, language, local expertise, and cultural differences, increasing the complexity \nof doing business in multiple jurisdictions.\nBecause we conduct business in currencies other than U.S. dollars but report our financial results in U.S. dollars, \nwe have faced, and will continue to face, exposure to fluctuations in foreign currency exchange rates. Although we \nhedge a portion of our international currency exposure, significant fluctuations in exchange rates between the U.S. \ndollar and foreign currencies  have in the past and may in the future adversely affect our revenues and earnings. \nHedging programs are also inherently risky and could expose us to additional risks that could harm our financial \ncondition and operating results."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e06ec-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 15, "chroma:document": "condition and operating results. \nWe are exposed to fluctuations in the fair values of our investments and, in some instances, our financial \nstatements incorporate inherently subjective valuation methodologies. \nThe fair value of our debt and equity investments may in the future be, and certain investments have been in the \npast, negatively affected by liquidity, credit deterioration or losses, performance and financial results of the underlying \nentities, foreign exchange rates, changes in interest rates, including changes that may result from the implementation \nof new benchmark rates, the effect of new or changing regulations, the stock market in general, or other factors. \nWe measure certain of our non-marketable equity and debt securities, certain other instruments including stock-\nbased compensation awards settled in the stock of  Other Bet  companies, and certain assets and liabilities acquired in \na business combination, at fair value on a nonrecurring basis, which is inherently subjective and requires management \njudgment and estimation. All gains and losses on non-marketable equity securities are recognized in OI&E, which \nincreases the volatility of our OI&E. The unrealized gains and losse s or impairments we record from fair value \nremeasurements in any particular period may differ significantly from the gains or losses we ultimately realize on such \ninvestments.  \nAs a res ult of these factors, the value of our investments could decline, which could harm our financial condition \nand operating results. \nRisks Related to our Industry \nPeople access our products and services through a variety of platforms and devices that continue to \nevolve with the advancement of technology and user preferences. If manufacturers and users do not widely \nadopt versions of our products and services developed for these interfaces, our business could be harmed. \nPeople access our products and services through a growing variety of devices such as desktop computers, \nmobile phones, smartphones, laptops and tablets, video game consoles, voice-activated speakers, wearables \n(including virtual reality and augmented reality devices), automobiles, and television-streaming devices. Our products \nand services may be less popular on some interfaces. Each manufacturer or distributor may establish unique technical \nstandards for its devices, and our products and services may not be available or may only be available with limited \nfunctionality for our users or our advertisers on these devices as a result. Some manufacturers may also elect not to"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0746-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 15, "chroma:document": "include our products on their devices. In addition, search queries may be undertaken via voice-activated search, apps, Table of Contents Alphabet Inc.\n15."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e07a0-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 16, "chroma:document": "social media or other platforms, which could harm our business. It is hard to predict the challenges we may encounter \nin adapting our products and services and developing competitive new products and services. We expect to continue \nto devote significant resources to creating and supporting products and services across multiple platforms and devices. \nFailing to attract and retain a substantial number of new device manufacturers, suppliers, distributors, developers, and \nusers, or failing to develop products and technologies that work well on new devices and platforms, could harm our \nbusiness, financial condition, and operating results and ability to capture future business opportunities. \nIssues in the development and use of AI may result in reputational harm and increased liability exposure. \nOur evolving AI-related efforts may give rise to risks related to harmful content, inaccuracies, discrimination, \nintellectual property infringement or misappropriation, defamation, data privacy, cybersecurity, and other issues . As a \nresult of these and other challenges associated with innovative technologies, our implementation of AI systems could \nsubject us to competitive harm, regulatory action, legal liability (including under new and proposed legislation and \nregulations), new applications of existing data protection, privacy, intellectual property, and other laws, and brand or \nreputational harm. \nSome uses of AI will present ethical issues and may have broad effects on society. In order to implement A I \nresponsibly and minimize unintended harmful effects, we have already devoted and will continue to invest significant  \nresources to develop, test, and maintain our products and services, but we may not be able to identify or resolve all AI-\nrelated issues, deficiencies, and/or failures before they arise. Unintended consequences, uses, or customization of our \nAI tools and systems may negatively affect human rights, privacy, employment, or other social concerns, which may \nresult in claims, lawsuits, brand or reputational harm, and increased regulatory scrutiny, any of which could harm our \nbusiness, financial condition, and operating results.\nData privacy  and security concerns relating to our technology and our practices could harm our \nreputation, cause us to incur significant liability, and deter current and potential users or customers from \nusing our products and services. Computer viruses, software bugs or defects, security breaches, and attacks \non our systems could result in the improper disclosure and use of user data and interference with our users\u2019"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0872-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 16, "chroma:document": "and customers\u2019 ability to use our products and services, harming our business and reputation. \nConcerns about, including the adequacy of, our practices with regard to the collection, use, governance, \ndisclosure, or security of personal data or other data-privacy-related matters, even if unfounded, could harm our \nbusiness, reputation, financial condition, and operating results. Our policies and practices may change over time as \nexpectations and regulations regarding privacy and data change. \nOur products and services involve the storage, handling, and transmission of proprietary and other sensitive \ninformation. Software bugs, theft, misuse, defects, vulnerabilities in our products and services, and security breaches \nexpose us to a risk of loss or improper use and disclosure of such information, which could result in litigation and other \npotential liabilities, including regulatory fines and penalties, as well as reputational harm. Additionally, our products \nincorporate highly technical and complex technologies, and thus our technologies and software have contained, and \nare likely in the future to contain, undetected errors, bugs, and/or vulnerabilities. We continue to add new features \ninvolving AI to our offerings and internal systems, and features that rely on AI may be susceptible to unanticipated \nsecurity threats as our and the market\u2019s understanding of AI-centric security risks and protection methods continue to \ndevelop. We have in the past discovered, and may in the future discover, some errors in our software code only after \nwe have released the code. Systems and control failures, security breaches, failure to comply with our privacy policies, \nand/or inadvertent disclosure of user data could result in government and legal exposure, seriously harm our \nreputation, brand, and business, and impair our ability to attract and retain users or customers. Such incidents have \noccurred in the past and may continue to occur due to the scale and nature of our products and services. While there \nis no guarantee that such incidents will not cause significant damage, we expect to continue to expend significant \nresources to maintain security protections that limit the effect of bugs, theft, misuse, and security vulnerabilities or \nbreaches. \nWe experience cyber attacks and other attempts to gain unauthorized access to our systems on a regular basis. \nCyber attacks continue to evolve in sophistication and volume, and inherently may be difficult to detect for long periods"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e08cc-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 16, "chroma:document": "of time. We have seen, and will continue to see, industry-wide software supply chain vulnerabilities, which could affect \nour or other parties\u2019 systems. We expect to continue to experience such incidents or vulnerabilities in the future. Our \nefforts to address undesirable activity on our platform may also increase the risk of retaliatory attack. In addition, we \nface the risk of cyber attacks by nation-states and state-sponsored actors. These attacks may target us or our \ncustomers, particularly our public sector customers (including federal, state, and local governments). Geopolitical \ntensions or armed conflicts, such as the ongoing conflict in the Middle East and Ukraine , may increase these risks. \nWe may experience security issues, whether due to employee or insider error or malfeasance, system errors, or \nvulnerabilities in our or other parties\u2019 systems. While we may not determine some of these issues to be material at the Table of Contents Alphabet Inc.\n16."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0926-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 17, "chroma:document": "time they occur and may remedy them quickly, there is no guarantee that these issues will not ultimately result in \nsignificant legal, financial, and reputational harm, including government inquiries, enforcement actions, litigation, and \nnegative publicity. There is also no guarantee that a series of related issues may not be determined to be material at a \nlater date in the aggregate, even if they may not be material individually at the time of their occurrence. Because the \ntechniques used to obtain unauthorized access to, disable or degrade service provided by or otherwise sabotage \nsystems change frequently and often are recognized only after being launched against a target, even taking all \nreasonable precautions, including those required by law, we have been unable in the past and may continue to be \nunable to anticipate or detect attacks or vulnerabilities or implement adequate preventative measures. \nFurther, if any partners with whom we share user or other customer information fail to implement adequate data-\nsecurity practices, fail to comply with our terms and policies, or otherwise suffer a network or other security breach, our \nusers\u2019 data may be improperly accessed, used, or disclosed. If an actual or perceived breach of our or our business \npartners\u2019 or service providers\u2019 security occurs, the market perception of the effectiveness of our security measures \nwould be harmed, we could lose users and customers, our trade secrets or those of our business partners may be \ncompromised, and we may be exposed to significant legal and financial risks, including legal claims (which may \ninclude class-action litigation) and regulatory actions, fines, and penalties. Any of the foregoing consequences could \nharm our business, reputation, financial condition, and operating results. \nWhile we have dedicated significant resources to privacy and security incident response capabilities , including \ndedicated worldwide incident response teams, our response process, particularly during times of a natural disaster or \npandemic, may not be adequate, may fail to accurately assess the severity of an incident, may not be fast enough to \nprevent or limit harm, or may fail to sufficiently remediate an incident. As a result, we may suffer significant legal, \nreputational, or financial exposure, which could harm our business, financial condition, and operating results. \nFor additional information, see also our risk factor on privacy and data protection regulations under \u2018Risks Related \nto Laws, Regulations, and Policies\u2019 below."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0976-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 17, "chroma:document": "to Laws, Regulations, and Policies\u2019 below.\nOur ongoing investments in safety, security, and content review will likely continue to identify abuse of \nour platforms and misuse of user data. \nIn addition to our efforts to prevent and mitigate cyber attacks, we are making significant investments in safety, \nsecurity, and review efforts to combat misuse of our services and unauthorized access to user data by third parties, \nincluding investigation and review of platform applications that could access the information of users of our services. \nAs a result of these efforts, we have in the past discovered, and may in the future discover, incidents of unnecessary \naccess to or misuse of user data or other undesirable activity by third parties. However, we may not have discovered, \nand may in the future not discover, all such incidents or activity, whether as a result of our data limitations, including \nour lack of visibility over our encrypted services, the scale of activity on our platform, or other factors, including factors \noutside of our control such as a natural disaster or pandemic, and we may learn of such incidents or activity via third \nparties. Such incidents and activities may include the use of user data or our systems in a manner inconsistent with our \nterms, contracts or policies, the existence of false or undesirable user accounts, election interference, improper ad \npurchases, activities that threaten people\u2019s safety on- or off-line, or instances of spamming, scraping, or spreading \ndisinformation. While we may not determine some of these incidents to be material at the time they occurred and we \nmay remedy them quickly, there is no guarantee that these issues will not ultimately result in significant legal, financial, \nand reputational harm, including government inquiries and enforcement actions, litigation, and negative publicity. There \nis also no guarantee that a series of related issues may not be determined to be material at a later date in the \naggregate, even if they may not be material individually at the time of their occurrence. \nWe may also be unsuccessful in our efforts to enforce our policies or otherwise prevent or remediate any such \nincidents. Any of the foregoing developments may negatively affect user trust and engagement, harm our reputation \nand brands, require us to change our business practices in ways that harm our business operations, and adversely \naffect our business and financial results. Any such developments may also subject us to additional litigation and"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0a84-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 17, "chroma:document": "regulatory inquiries, which could result in monetary penalties and damages, divert management\u2019s time and attention, \nand lead to enhanced regulatory oversight. \nProblematic content on our platforms, including low-quality user-generated content, web spam, content \nfarms, and other violations of our guidelines could affect the quality of our services, which could harm our \nreputation and deter our current and potential users from using our products and services. \nWe, like others in the industry, face violations of our content guidelines across our platforms, including \nsophisticated attempts by bad actors to manipulate our hosting and advertising systems to fraudulently generate \nrevenues, or to otherwise generate traffic that does not represent genuine user interest or intent. While we invest \nsignificantly in efforts to promote high-quality and relevant results and to detect and prevent low-quality content and \ninvalid traffic, we have been unable and may continue to be unable to detect and prevent all such abuses or promote Table of Contents Alphabet Inc.\n17."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0ade-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 18, "chroma:document": "uniformly high-quality content. Increased use of AI in our offerings and internal systems may create new avenues of \nabuse for bad actors.\nMany websites violate or attempt to violate our guidelines, including by seeking to inappropriately rank higher in \nsearch results than our search engine's assessment of their relevance and utility would rank them. Such efforts have \naffected, and may continue to affect, the quality of content on our platforms and lead them to display false, misleading, \nor undesirable content. Although English-language web spam in our search results has been reduced, and web spam \nin most other languages is limited, we expect web spammers will continue to seek inappropriate ways to improve their \nrankings. Although we continue to invest in and deploy proprietary technology to detect and prevent web spam on our \nplatforms, there is no guarantee that our technology will always be successful, and our users may have negative \nexperiences on our platforms if our technology fails to work as intended, which may affect our users' decisions in \ncontinuing to use our platforms. We also face other challenges from low-quality and irrelevant content websites, \nincluding content farms, which are websites that generate large quantities of low-quality content to help them improve \ntheir search rankings. We are continually launching algorithmic changes designed to detect and prevent abuse from \nlow-quality websites, but we may not always be successful. We also face other challenges on our platforms, including \nviolations of our content guidelines involving incidents such as attempted election interference, activities that threaten \nthe safety and/or well-being of our users on- or off-line, and the spreading of misinformation or disinformation. \nIf we fail to either detect and prevent an increase in problematic content or effectively promote high-quality \ncontent, it could hurt our reputation for delivering relevant information or reduce use of our platforms, harming our \nfinancial condition and operating results. It may also subject us to litigation and regulatory actions, which could result in \nmonetary penalties and damages and divert management\u2019s time and attention. \nOur business depends on continued and unimpeded access to the Internet by us and our users. Internet \naccess providers may be able to restrict, block, degrade, or charge for access to certain of our products and \nservices, which could lead to additional expenses and the loss of users and advertisers."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0b38-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 18, "chroma:document": "Our products and services depend on the ability of our users to access the Internet, and certain of our products \nrequire significant bandwidth to work effectively. Currently, this access is provided by companies that have significant \nmarket power in the broadband and internet access marketplace, including incumbent telephone companies, cable \ncompanies, mobile communications companies, and government-owned service providers. Some of these providers \nhave taken, or have stated that they may take, measures that could degrade, disrupt, or increase the cost of user \naccess to certain of our products by restricting or prohibiting the use of their infrastructure to support or facilitate our \nofferings, by charging increased fees to us or our users to provide our offerings, or by providing our competitors \npreferential access. Some jurisdictions have adopted regulations prohibiting certain forms of discrimination by internet \naccess providers; however, substantial uncertainty exists in the U.S. and elsewhere regarding such protections. For \nexample, in 2018 the U.S. Federal Communications Commission repealed net neutrality rules, which could permit \ninternet access providers to restrict, block, degrade, or charge for access to certain of our products and services. In \naddition, in some jurisdictions, our products and services have been subject to government-initiated restrictions or \nblockages. These could harm existing key relationships, including with our users, customers, advertisers, and/or \ncontent providers, and impair our ability to attract new ones; harm our reputation; and increase costs, thereby \nnegatively affecting our business. \nRisks Related to Laws, Regulations, and Policies \nWe are subject to a variety of new, existing, and changing laws and regulations worldwide that could \nharm our business, and will likely be subject to an even broader scope of laws and regulations as we continue \nto expand our business. \nWe are subject to numerous U.S. and foreign laws and regulations covering a wide variety of subjects, and our \nintroduction of new businesses, products, services, and technologies will likely continue to subject us to additional laws \nand regulations. In recent years, governments around the world have proposed and adopted a large number of new \nlaws and regulations relevant to the digital economy, particularly in the areas of data privacy and security, competition, \nenvironmental, social and governance (ESG) requirements, AI, and online content. The costs of compliance with these \nmeasures are high and are likely to increase in the future."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0b92-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 18, "chroma:document": "measures are high and are likely to increase in the future. \nNew or changing laws and regulations, or new interpretations or applications of existing laws and regulations in a \nmanner inconsistent with our practices, have resulted in, and may continue to result in, less useful products and \nservices, altered business practices, limited ability to pursue certain business models or offer certain products and \nservices, substantial costs, and civil or criminal liability. Examples include laws and regulations regarding: \n\u2022Competition and technology platforms\u2019 business practices: Laws and regulations focused on large \ntechnology platforms, including the Digital Markets Act in the European Union (EU); regulations and legal Table of Contents Alphabet Inc.\n18."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0bf6-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 19, "chroma:document": "settlements in the U.S., South Korea, and elsewhere that affect Google Play\u2019s billing policies , fees, and \nbusiness model; as well as litigation and new regulations under consideration in a range of jurisdictions.\n\u2022AI: Laws and regulations focused on the development, use, and provision of AI technologies and other digital \nproducts and services, which could result in monetary penalties or other regulatory actions. For example, while \nlegislative text has yet to be finalized and formally approved, provisional political agreement on a proposed EU \nAI Act was reached between co-legislators in December 2023, including that specific transparency and other \nrequirements would be introduced for general purpose AI systems and the models on which those systems are \nbased.  In addition, the White House's Executive Order on the Safe, Secure, and Trustworthy Development and \nUse of Artificial Intelligence devises a framework for the U.S. government, among other things, to regulate \nprivate sector use and development of certain foundation models. \n\u2022Data privacy, collection, and processing:  Laws and regulations further restricting the collection, processing, \nand/or sharing of user or advertising-related data, including privacy and data protection laws; laws affecting the \nprocessing of children's data (as discussed further below), data breach notification laws, and laws limiting data \ntransfers (including data localization laws). \n\u2022Copyright and other intellectual property : Copyright and related laws, including the EU Directive on \nCopyright in the Digital Single Market and European Economic Area transpositions, which may introduce new \nlicensing regimes, increase liability with respect to content uploaded by users or  linked to from our platforms,  \nor create property rights in news publications that could require payments to news agencies and publishers, \nwhich may result in other regulatory actions . \n\u2022Content  moderation : Various laws covering content moderation and removal, and related disclosure \nobligations, such as the EU's Digital Services Act, Florida\u2019s Senate Bill 7072 and Texas\u2019 House Bill 20, and \nlaws and proposed legislation in Singapore, Australia, and the United Kingdom that impose penalties for failure \nto remove certain types of content or require disclosure of information about the operation of our services and \nalgorithms, which may make it harder for services like Google Search and YouTube to detect and deal with \nlow-quality, deceptive, or harmful content."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0c50-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 19, "chroma:document": "low-quality, deceptive, or harmful content.\n\u2022Consumer  protection : Consumer protection laws, including the EU\u2019s New Deal for Consumers, which could \nresult in monetary penalties and create a range of new compliance obligations.\nIn addition, the applicability and scope of these and other laws and regulations, as interpreted by courts , \nregulators, or administrative bodies, remain uncertain and could be interpreted in ways that harm our business. For \nexample, we rely on statutory safe harbors, like those set forth in the Digital Millennium Copyright Act and Section 230 \nof the Communications Decency Act in the U.S. and the E-Commerce Directive in Europe, to protect against liability for \nvarious linking, caching, ranking, recommending, and hosting activities. Legislation or court rulings affecting these safe \nharbors may adversely affect us and may impose significant operational challenges. There are legislative proposals \nand pending litigation in the U.S., EU, and around the world that could diminish or eliminate safe harbor protection for \nwebsites and online platforms. Our development, use, and commercialization of AI products and services (including \nour implementation of AI in our offerings and internal systems) could subject us to regulatory action and legal liability, \nincluding under specific legislation regulating AI, as well as new applications of existing data protection, cybersecurity, \nprivacy, intellectual property, and other laws.\nWe are and may continue to be subject to claims, lawsuits, regulatory and government investigations, \nenforcement actions, consent orders, and other forms of regulatory scrutiny and legal liability that could harm \nour business, reputation, financial condition, and operating results.\nWe are subject to claims, lawsuits, regulatory and government investigations, other proceedings, and orders \ninvolving competition, intellectual property, data privacy and security, tax and related compliance, labor and \nemployment, commercial disputes, content generated by our users, goods and services offered by advertisers or \npublishers using our platforms, personal injury, and other matters. We  are also  subject to a variety of claims including \nproduct warranty, product liability, and consumer protection claims related to product defects, among other litigation, \nand we may also be subject to claims involving health and safety, hazardous materials usage, other environmental \neffects, AI training, development, and commercialization , or service disruptions or failures. Claims have been brought,"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0d04-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 19, "chroma:document": "and we expect will continue to be brought, against us for defamation, negligence, breaches of contract, copyright and \ntrademark infringement, unfair competition, unlawful activity, torts, privacy rights violations, fraud, or other legal \ntheories based on the nature and content of information available on or via our services, the design and effect of our \nproducts and services, or due to our involvement in hosting, transmitting, marketing, branding, or providing access to \ncontent created by third parties. Table of Contents Alphabet Inc.\n19."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 20, "chroma:document": "For example, in December 2023, a California jury delivered a verdict in Epic Games v. Google  finding that Google \nviolated antitrust laws related to Google Play's billing practices. The presiding judge will determine remedies in 2024 \nand the range of potential remedies vary widely. We plan to appeal. In addition, the U.S. Department of Justice, \nvarious U.S. states, and other plaintiffs have filed several antitrust lawsuits about various aspects of our business, \nincluding our advertising technologies and practices, the operation and distribution of Google Search, and the \noperation and distribution of the Android operating system and Play Store. Other regulatory agencies in the U.S. and \naround the world, including competition enforcers, consumer protection agencies, and data protection authorities, have \nchallenged and may continue to challenge our business practices and compliance with laws and regulations. We are \ncooperating with these investigations and defending litigation  or appealing decisions where appropriate.  \nVarious laws, regulations, investigations, enforcement lawsuits, and regulatory actions have  involved in the past , \nand may in the future result in substantial fines and penalties, injunctive relief, ongoing monitoring and auditing \nobligations, changes to our products and services, alterations to our business models and operations , including \ndivestiture , and collateral related civil litigation or other adverse consequences, all of which could harm our business, \nreputation, financial condition, and operating results. \nAny of these legal proceedings could result in legal costs, diversion of management resources, negative publicity \nand other harms to our business. Estimating liabilities for our pending proceedings is a complex, fact-specific , and \nspeculative process that requires significant judgment, and the amounts we are ultimately liable for may be less than or \nexceed our estimates. The resolution of one or more such proceedings has resulted in, and may in the future result in, \nadditional substantial fines, penalties, injunctions, and other sanctions that could harm our business, reputation, \nfinancial condition, and operating results. \nFor additional information about the ongoing material legal proceedings to which we are subject, see Legal \nProceedings in Part I, Item 3 of this Annual Report on Form 10-K.\nPrivacy, data protection, and data usage regulations are complex and rapidly evolving areas. Any failure"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0dc2-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 20, "chroma:document": "or alleged failure to comply with these laws could harm our business, reputation, financial condition, and \noperating results. \nAuthorities around the world have adopted and are considering a number of legislative and regulatory proposals \nconcerning data protection, data usage, and encryption of user data. Adverse legal rulings, legislation, or regulation \nhave resulted in, and may continue to result in, fines and orders requiring that we change our practices, which have \nhad and could continue to have an adverse effect on how we provide services, harming our business, reputation, \nfinancial condition, and operating results. These laws and regulations are evolving and subject to interpretation, and \ncompliance obligations could cause us to incur substantial costs or harm the quality and operations of our products \nand services in ways that harm our business.  Examples of these laws include : \n\u2022The General Data Protection Regulation and the United Kingdom General Data Protection Regulations, which \napply to all of our activities conducted from an establishment in the EU or the United Kingdom, respectively, or \nrelated to products and services that we offer to EU or the United Kingdom users or customers, respectively, or \nthe monitoring of their behavior in the EU or the UK, respectively.\n\u2022Various comprehensive U.S. state and foreign privacy laws, which give new data privacy rights to their \nrespective residents (including, in California, a private right of action in the event of a data breach resulting \nfrom our failure to implement and maintain reasonable security procedures and practices) and impose \nsignificant obligations on controllers and processors of consumer data.\n\u2022State laws governing the processing of biometric information, such as the Illinois Biometric Information Privacy \nAct and the Texas Capture or Use of Biometric Identifier Act, which impose obligations on businesses that \ncollect or disclose consumer biometric information. \n\u2022Various federal, state, and foreign laws governing how companies provide age appropriate experiences to \nchildren and minors, including the collection and processing of children and minor\u2019s data. These include the \nChildren\u2019s Online Privacy Protection Act of 1998, and the United Kingdom Age-Appropriate Design Code, all of \nwhich address the use and disclosure of the personal data of children and minors and impose obligations on \nonline services or products directed to or likely to be accessed by children. \n\u2022The California Internet of Things Security Law, which regulates the security of data used in connection with \ninternet-connected devices."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0e1c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 20, "chroma:document": "internet-connected devices.\n\u2022The EU\u2019s Digital Markets Act, which will require in-scope companies to obtain user consent for combining data \nacross certain products and require search engines to share anonymized data with rival companies, among \nother changes. Table of Contents Alphabet Inc.\n20."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0e76-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 21, "chroma:document": "Further, we are subject to evolving laws and regulations that dictate whether, how, and under what circumstances \nwe can transfer, process and/or receive personal data, as well as ongoing enforcement actions from supervisory \nauthorities related to cross-border transfers of personal data.  The validity of various data transfer mechanisms  we \ncurrently rely upon remains subject to legal, regulatory, and political developments in both Europe and the U.S., which \nmay require us to adapt our existing arrangements.\nWe face, and may continue to face, intellectual property and other claims that could be costly to defend, \nresult in significant damage awards or other costs (including indemnification awards), and limit our ability to \nuse certain technologies. \nWe, like other internet, technology, and media companies, are frequently subject to litigation based on allegations \nof infringement or other violations of intellectual property rights, including patent, copyright, trade secrets, and \ntrademarks. Parties have also sought broad injunctive relief against us by filing claims in U.S. and international courts \nand the U.S. International Trade Commission (ITC) for exclusion and cease-and-desist orders. In addition, patent-\nholding companies may frequently seek to generate income from patents they have obtained by bringing claims \nagainst us. As we continue to expand our business, the number of intellectual property claims against us has increased \nand may continue to increase as we develop and acquire new products, services, and technologies. \nAdverse results in any of these lawsuits may include awards of monetary damages, costly royalty or licensing \nagreements (if licenses are available at all), or orders limiting our ability to sell our products and services in the U.S. or \nelsewhere, including by preventing us from offering certain features, functionalities, products, or services in certain \njurisdictions. They may also cause us to change our business practices in ways that could result in a loss of revenues \nfor us and otherwise harm our business. \nMany of our agreements with our customers and partners, including certain suppliers, require us to defend \nagainst certain intellectual property infringement claims and in some cases indemnify them for certain intellectual \nproperty infringement claims against them, which could result in increased costs for defending such claims or \nsignificant damages if there were an adverse ruling in any such claims. Such customers and partners may also"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0eda-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 21, "chroma:document": "discontinue the use of our products, services, and technologies, as a result of injunctions or otherwise, which could \nresult in loss of revenues and harm our business. Moreover, intellectual property indemnities provided to us by our \nsuppliers, when obtainable, may not cover all damages and losses suffered by us and our customers arising from \nintellectual property infringement claims. Furthermore, in connection with our divestitures, we have agreed, and may in \nthe future agree, to provide indemnification for certain potential liabilities, including those associated with intellectual \nproperty claims. Regardless of their merits, intellectual property claims are often time consuming and expensive to \nlitigate or settle. To the extent such claims are successful, they could harm our business, including our product and \nservice offerings, financial condition, and operating results. \nExpectations relating to ESG considerations could expose us to potential liabilities, increased costs, and \nreputational harm. \nWe are subject to laws, regulations, and other measures that govern a wide range of topics, including those \nrelated to matters beyond our core products and services. For instance, new laws, regulations, policies, and \ninternational accords relating to ESG matters, including sustainability, climate change,  human capital, and diversity, are \nbeing developed and formalized in Europe, the U.S., and elsewhere, which may entail specific, target-driven \nframeworks and/or disclosure requirements. We have implemented robust ESG programs, adopted reporting \nframeworks and principles, and announced a number of goals and initiatives. The implementation of these goals and \ninitiatives may require considerable investments, and our goals, with all of their contingencies, dependencies, and in \ncertain cases, reliance on third-party verification and/or performance, are complex and ambitious,  and may change. \nWe cannot guarantee that our goals and initiatives will be fully realized on the timelines we expect or at all, and \nprojects that are completed as planned may not achieve the results we anticipate . Any failure, or perceived failure, by \nus to adhere to our public statements, comply fully with developing interpretations of ESG laws and regulations, or \nmeet evolving and varied stakeholder expectations and standards could harm our business, reputation, financial \ncondition, and operating results.\nWe could be subject to changes in tax rates, the adoption of new U.S. or international tax legislation, or"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0f34-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 21, "chroma:document": "exposure to additional tax liabilities. \nWe are subject to a variety of taxes and tax collection obligations in the U.S. and numerous foreign jurisdictions. \nOur effective tax rates are affected by a variety of factors, including changes in the mix of earnings in jurisdictions with \ndifferent statutory tax rates, net gains and losses on hedges and related transactions under our foreign exchange risk \nmanagement program, changes in our stock price for shares issued as employee compensation, changes in the \nvaluation of our deferred tax assets or liabilities, and the application of different provisions of tax laws or changes in tax \nlaws, regulations, or accounting principles (including changes in the interpretation of existing laws). Further, if we are Table of Contents Alphabet Inc.\n21."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0f8e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 22, "chroma:document": "unable or fail to collect taxes on behalf of customers, employees and partners as the withholding agent, we could \nbecome liable for taxes that are levied against third parties. \nWe are subject to regular review and audit by both domestic and foreign tax authorities. As a result, we have \nreceived, and may in the future receive, assessments in multiple jurisdictions, on various tax-related assertions, such \nas transfer-pricing adjustments or permanent-establishment claims. Any adverse outcome of such a review or audit \ncould harm our financial condition and operating results, require adverse changes to our business practices, or subject \nus to additional litigation and regulatory inquiries. In addition, the determination of our worldwide provision for income \ntaxes and other tax liabilities requires significant judgment and often involves uncertainty. Although we believe our \nestimates are reasonable, the ultimate tax outcome may differ from the amounts recorded in our financial statements \nand may affect our financial results in the period or periods for which such determination is made. \nFurthermore, due to shifting economic and political conditions, tax policies, laws, or rates in various jurisdictions \nmay be subject to significant changes in ways that could harm our financial condition and operating results. For \nexample, various jurisdictions around the world have enacted or are considering revenue-based taxes such as digital \nservices taxes and other targeted taxes, which could lead to inconsistent and potentially overlapping international tax \nregimes. The Organization for Economic Cooperation and Development (OECD) is coordinating negotiations among \nmore than  140 countries with the goal of achieving consensus around substantial changes to international tax policies, \nincluding the implementation of a minimum global effective tax rate of 15%. O ur effective tax rate and cash tax \npayments could increase in future years as a result of these changes.\nRisks Related to Ownership of our Stock \nWe cannot guarantee that any share repurchase program will be fully consummated or will enhance long-\nterm stockholder value, and share repurchases could increase the volatility of our stock prices and could \ndiminish our cash reserves. \nWe engage in share repurchases of our Class A and Class C stock from time to time in accordance with \nauthorizations from the Board of Directors of Alphabet. Our repurchase program does not have an expiration date and \ndoes not obligate Alphabet to repurchase any specific dollar amount or to acquire any specific number of shares."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e0fe8-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 22, "chroma:document": "Further, our share repurchases could affect our share trading prices, increase their volatility, reduce our cash reserves \nand may be suspended or terminated at any time, which may result in a decrease in the trading prices of our stock. \nThe concentration of our stock ownership limits our stockholders\u2019 ability to influence corporate matters. \nOur Class B stock has 10 votes per share, our Class A stock has one vote per share, and our Class C stock has \nno voting rights. As of December 31, 2023, Larry Page and Sergey Brin beneficially owned approximately 86.5% of our \noutstanding Class B stock, which represented approximately  51.5%  of the voting power of our outstanding common \nstock. Through their stock ownership, Larry and Sergey have significant influence over all matters requiring \nstockholder approval, including the election of directors and significant corporate transactions, such as a merger or \nother sale of our company or our assets, for the foreseeable future. In addition, because our Class C stock carries no \nvoting rights (except as required by applicable law), the issuance of the Class C stock, including in future stock-based \nacquisition transactions and to fund employee equity incentive programs, could continue Larry and Sergey\u2019s current \nrelative voting power and their ability to elect all of our directors and to determine the outcome of most matters \nsubmitted to a vote of our stockholders. The share repurchases made pursuant to our repurchase program may also \naffect Larry and Sergey\u2019s relative voting power. This concentrated control limits or severely restricts other stockholders\u2019 \nability to influence corporate matters and we may take actions that some of our stockholders do not view as beneficial, \nwhich could reduce the market price of our Class A stock and our Class C stock. \nProvisions in our charter documents and under Delaware law could discourage a takeover that \nstockholders may consider favorable. \nProvisions in Alphabet\u2019s certificate of incorporation and bylaws may have the effect of delaying or preventing a \nchange of control or changes in our management. These provisions include the following: \n\u2022Our Board of Directors has the right to elect directors to fill a vacancy created by the expansion of the Board of \nDirectors or the resignation, death, or removal of a director.\n\u2022Our stockholders may not act by written consent, which makes it difficult to take certain actions without holding"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e10a6-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 22, "chroma:document": "a stockholders' meeting.\n\u2022Our certificate of incorporation prohibits cumulative voting in the election of directors. This limits the ability of \nminority stockholders to elect director candidates.Table of Contents Alphabet Inc.\n22."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e110a-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 23, "chroma:document": "\u2022Stockholders must provide advance notice to nominate individuals for election to the Board of Directors or to \npropose matters that can be acted upon at a stockholders\u2019 meeting. These provisions may discourage or deter \na potential acquirer from conducting a solicitation of proxies to elect the acquirer's own slate of directors or \notherwise attempting to obtain control of our company. \n\u2022Our Board of Directors may issue, without stockholder approval, shares of undesignated preferred stock, \nwhich makes it possible for our Board of Directors to issue preferred stock with voting or other rights or \npreferences that could impede the success of any attempt to acquire us. \nAs a Delaware corporation, we are also subject to certain Delaware anti-takeover provisions. Under Delaware \nlaw, a corporation may not engage in a business combination with any holder of 15% or more of its outstanding voting \nstock unless the holder has held the stock for three years or, among other things, the Board of Directors has approved \nthe transaction. Our Board of Directors could rely on Delaware law to prevent or delay an acquisition of us. \nThe trading price for our Class A stock and non-voting Class C stock may continue to be volatile. \nThe trading price of our stock has at times experienced significant volatility and may continue to be volatile. In \naddition to the factors discussed in this report, the trading prices of our Class A stock and Class C stock have \nfluctuated, and may continue to fluctuate widely, in response to various factors, many of which are beyond our control, \nincluding, among others, the activities of our peers and changes in broader economic and political conditions around \nthe world. These broad market and industry factors could harm the market price of our Class A stock and our Class C \nstock, regardless of our actual operating performance. \nGeneral Risks \nOur operating results may fluctuate, which makes our results difficult to predict and could cause our \nresults to fall short of expectations. \nOur operating results have fluctuated, and may in the future fluctuate, as a result of a number of factors, many \noutside of our control, including the cyclical nature and seasonality in our business and geopolitical events. As a result, \ncomparing our operating results (including our expenses as a percentage of our revenues) on a period-to-period basis"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e1164-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 23, "chroma:document": "may not be meaningful, and our past results should not be relied on as an indication of our future performance. \nConsequently, our operating results in future quarters may fall below expectations. \nAcquisitions, joint ventures, investments, and divestitures could result in operating difficulties, dilution, \nand other consequences that could harm our business, financial condition, and operating results. \nAcquisitions, joint ventures, investments, and divestitures are important elements of our overall corporate strategy \nand use of capital, and these transactions could be material to our financial condition and operating results. We expect \nto continue to evaluate and enter into discussions regarding a wide array of such potential strategic arrangements, \nwhich could create unforeseen operating difficulties and expenditures. Some of the areas where we face risks include: \n\u2022diversion of management time and focus from operating our business to challenges related to acquisitions and \nother strategic arrangements; \n\u2022failure to obtain required approvals on a timely basis, if at all, from governmental authorities, or conditions \nplaced upon approval that could, among other things, delay or prevent us from completing a transaction, or \notherwise restrict our ability to realize the expected financial or strategic goals of a transaction;\n\u2022failure to successfully integrate the acquired operations, technologies, services, and personnel (including \ncultural integration and retention of employees) and further develop the acquired business or technology; \n\u2022implementation of controls (or remediation of control deficiencies), procedures, and policies at the acquired \ncompany; \n\u2022integration of the acquired company\u2019s accounting and other administrative systems, and the coordination of \nproduct, engineering, and sales and marketing functions;\n\u2022transition of operations, users, and customers onto our existing platforms;\n\u2022in the case of foreign acquisitions, the need to integrate operations across different cultures and languages \nand to address the particular economic, currency, political, and regulatory risks associated with specific \ncountries; \n\u2022failure to accomplish commercial, strategic or financial objectives with respect to investments, joint ventures, \nand other strategic arrangements;\n\u2022failure to realize the value of investments and joint ventures due to a lack of liquidity;Table of Contents Alphabet Inc.\n23."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e11be-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 24, "chroma:document": "\u2022liability for activities of the acquired company before the acquisition, including patent and trademark \ninfringement claims, data privacy and security issues, violations of laws, commercial disputes, tax liabilities, \nwarranty claims, product liabilities, and other known and unknown liabilities; and\n\u2022litigation or other claims in connection with the acquired company, including claims from terminated \nemployees, customers, former stockholders, or other third parties.\nOur failure to address these risks or other problems encountered in connection with our past or future acquisitions \nand other strategic arrangements could cause us to fail to realize their anticipated benefits, incur unanticipated \nliabilities, and harm our business generally. \nOur acquisitions and other strategic arrangements could also result in dilutive issuances of our equity securities, \nthe incurrence of debt, contingent liabilities, or amortization expenses, or impairment of goodwill and/or purchased \nlong-lived assets, and restructuring charges, any of which could harm our financial condition and operating results. \nAlso, the anticipated benefits or value of our acquisitions and other strategic arrangements may not materialize. In \nconnection with our divestitures, we have agreed, and may in the future agree, to provide indemnification for certain \npotential liabilities, which could harm our financial condition and operating results. \nWe rely on highly skilled personnel and, if we are unable to retain or motivate key personnel, hire \nqualified personnel, or maintain and continue to adapt our corporate culture, we may not be able to grow or \noperate effectively. \nOur performance and future success depends in large part upon the continued service of key technical leads as \nwell as  members of our senior management team. For instance, Sundar Pichai is critical to the overall management of \nAlphabet and its subsidiaries and plays an important role in the development of our technology, maintaining our \nculture, and setting our strategic direction. \nOur ability to compete effectively and our future success depend  on our continuing to identify, hire, develop, \nmotivate, and retain highly skilled personnel for all areas of our organization. Competition in our industry for qualified \nemployees is intense, and certain of our competitors have directly targeted, and may continue to target, our \nemployees. In addition, our compensation arrangements, such as our equity award programs, may not always be \nsuccessful in attracting new employees and retaining and motivating our existing employees. Restrictive immigration"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e122c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 24, "chroma:document": "policy and regulatory changes may also affect our ability to hire, mobilize, or retain some of our global talent. All of our \nexecutive officers and key employees are at-will employees, and we do not maintain any key-person life insurance \npolicies.\nIn addition, we believe that our corporate culture fosters innovation, creativity, and teamwork. As our organization \ngrows and evolves, we may need to adapt our corporate culture and work environments to ever-changing \ncircumstances, such as during times of a natural disaster or pandemic, and these changes could affect our ability to \ncompete effectively or have an adverse effect on our corporate culture. Under our hybrid work models, we may \nexperience increased costs and/or disruption, in addition to potential effects on our ability to operate effectively and \nmaintain our corporate culture. \nITEM 1B. UNRESOLVED STAFF COMMENTS\nNot applicable.\nITEM 1C.  CYBERSECURITY\nWe maintain a comprehensive process for identifying, assessing, and managing material risks from cybersecurity \nthreats as part of our broader risk management system and processes. We obtain input, as appropriate, for our \ncybersecurity risk management program on the security industry and threat trends from multiple external experts and \ninternal threat intelligence teams.  Teams of dedicated privacy, safety, and security professionals oversee cybersecurity \nrisk management and mitigation, incident prevention, detection, and remediation. Leadership for these teams are \nprofessionals with deep cybersecurity expertise across multiple industries, including our Vice President of Privacy, \nSafety , and Security Engineering . Our executive leadership team, along with input from the above teams, are \nresponsible for our overall enterprise risk management system and processes and regularly consider cybersecurity \nrisks in the context of other material risks to the company.\nAs part of our cybersecurity risk management system, our incident management team s track and log privacy and \nsecurity incidents across Alphabet , our vendors, and other third-party service providers to remediate and resolve any \nsuch incidents. Significant incidents are reviewed regularly by a cross-functional working group to determine whether \nfurther escalation is appropriate. Any incident assessed as  potentially being or potentially  becoming material is \nimmediately escalated for further assessment, and then reported to designated members of our senior management. \nWe consult with  outside counsel as appropriate, including on materiality analysis and disclosure matters , and our Table of Contents Alphabet Inc."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e1308-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 25, "chroma:document": "senior management makes the final materiality determinations and disclosure and other compliance decisions. Our \nmanagement  apprises Alphabet\u2019s  independent public accounting firm of matters and any relevan t developments .\nThe Audit and Compliance Committe e has oversight responsibility for risk s and incidents relating to cybersecurity \nthreats, including compliance with disclosure requirements, cooperation with law enforcement, and related effects on \nfinancial and other risks, and it reports  any f indings and recommendations, as appropriate, to the full Board for \nconsideration. Senior management regularly discusses cyber risks and trends  and, should they arise, any material \nincidents with the Audit and Compliance Committee.  Internal Audit maintains a dedicated cybersecurity auditing team \nthat independently  tests our cybersecurity controls.  \nOur business strategy, results of operations and financial condition have not been materially affected by risks from \ncybersecurity threats, including as a result of previous ly identified cybersecurity incidents , but we cannot provide \nassurance that they will not be materially affected in the future by such risks or any future material incidents. For more \ninformation on our cybersecurity related risks, see Item 1A Risk Factors of this Annual Report on Form 10-K.\nITEM 2. PROPERTIES\nOur headquarters are located in Mountain View, California. We own and lease office facilities and data centers \naround the world, primarily in Asia, Eu rope, and North America . We believe our existing facilities are in good condition \nand suitable for the conduct of our business.\nITEM 3. LEGAL PROCEEDINGS\nFor a description of our material pending legal proceedings, see Legal Matters in Note 10  of the Notes to \nConsolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K, which is \nincorporated herein by reference.\nITEM 4. MINE SAFETY DISCLOSURES\nNot applicable.\nPART II\nITEM 5. MARKET FOR REGISTRANT\u2019S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND \nISSUER PURCHASES OF EQUITY SECURITIES\nAs of October 2, 2015, Alphabet Inc. became the successor issuer of Google Inc. pursuant to Rule 12g-3(a) under \nthe Exchange Act. Our Class A stock has been listed on the Nasdaq Global Select Market under the symbol \u201cGOOG\u201d"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e1362-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 25, "chroma:document": "since August 19, 2004, and under the symbol \"GOOGL\" since April 3, 2014. Prior to August 19, 2004, there was no \npublic market for our stock. Our Class B stock is neither listed nor traded. Our Class C stock has been listed on the \nNasdaq Global Select Market under the symbol \u201cGOOG\u201d since April 3, 2014.\nHolders of Record\nAs of December 31, 2023 , there were approximately  7,305  and 1,757  stockholders of record of our Class A stock \nand Class C stock, respectively. Because many of our shares of Class A stock and Class C stock are held by brokers \nand other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders \nrepresented by these record holders. As of December 31, 2023 , there were approximately 59 stockholders of record of \nour Class B stock.\nDividend Policy\nWe have never declared or paid any cash dividend on our common or capital stock. The primary use of capital \ncontinues to be to invest for the long-term growth of the business. We regularly evaluate our cash and capital structure, \nincluding the size, pace, and form of capital return to stockholders.Table of Contents Alphabet Inc.\n25."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 26, "chroma:document": "Issuer Purchases of Equity Securities\nThe following table presents information with respect to Alphabet's repurchases of Class A and Class C stock \nduring the quarter ended December 31, 2023 : \nPeriodTotal Number of \nClass A Shares \nPurchased \n(in thousands)(1)Total Number of \nClass C Shares \nPurchased \n(in thousands)(1)Average Price \nPaid per \nClass A \nShare(2)Average Price \nPaid per \nClass C \nShare(2)Total Number of \nShares \nPurchased as \nPart of Publicly \nAnnounced \nPrograms\n(in thousands)(1)Approximate \nDollar Value of \nShares that May \nYet Be Purchased \nUnder the \nProgram \n(in millions)\nOctober 1 - 31  9,923  38,687 $ 134.66 $ 135.65  48,610 $ 45,736 \nNovember 1 - 30  9,197  28,198 $ 134.53 $ 135.16  37,395 $ 40,725 \nDecember 1 - 31  7,502  24,760 $ 135.76 $ 136.37  32,262 $ 36,347 \nTotal  26,622  91,645  118,267 \n(1) R epurchases are being executed from time to time, subject to general business and market conditions and other investment \nopportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans. The \nrepurchase program does not have an expiration date. For additional information related to share repurchases, s ee Note 11  of \nthe Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.\n(2)Average price paid per share includes costs associated with the repurchases.Table of Contents Alphabet Inc.\n26."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e1416-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 27, "chroma:document": "Stock Performance Graphs\nThe graph below matches Alphabet Inc. Class A's cumulative five-year total stockholder return on common stock \nwith the cumulative total returns of the S&P 500 index, the NASDAQ Composite index, and the RDG Internet \nComposite index. The graph tracks the performance of a $100 investment in our common stock and in each index \n(with the reinvestment of all dividends) from December 31, 2018 , to December 31, 2023 . The returns shown are based \non historical results and are not intended to suggest future performance.\nCOMPARISON OF CUMULATIVE 5-YEAR TOTAL RETURN*\nALPHABET INC. CLASS A COMMON STOCK\nAmong Alphabet Inc., the S&P 500 Index, the\nNASDAQ Composite Index, and the RDG Internet Composite Index\nAlphabet Inc. Class A S&P 500 NASDAQ Composite\nRDG Internet Composite12/183/19 6/19 9/1912/193/20 6/20 9/2012/203/21 6/21 9/2112/213/22 6/22 9/2212/223/23 6/23 9/2312/23$0$50$100$150$200$250$300$350$400\n*$100 invested on December 31, 2018 , in stock or index, including reinvestment of dividends. \nCopyright\u00a9 2024  S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.Table of Contents Alphabet Inc.\n27."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e147a-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 28, "chroma:document": "The graph below matches Alphabet Inc. Class C's cumulative five-year total stockholder return on capital stock \nwith the cumulative total returns of the S&P 500 index, the NASDAQ Composite index, and the RDG Internet \nComposite index. The graph tracks the performance of a $100 investment in our Class C capital stock and in each \nindex (with the reinvestment of all dividends) from December 31, 2018 , to December 31, 2023 . The returns shown are \nbased on historical results and are not intended to suggest future performance.\nCOMPARISON OF CUMULATIVE 5-YEAR TOTAL RETURN*\nALPHABET INC. CLASS C CAPITAL STOCK\nAmong Alphabet Inc., the S&P 500 Index, the\nNASDAQ Composite Index, and the RDG Internet Composite Index\nAlphabet Inc. Class C S&P 500 NASDAQ Composite\nRDG Internet Composite12/183/19 6/19 9/1912/193/20 6/20 9/2012/203/21 6/21 9/2112/213/22 6/22 9/2212/223/23 6/23 9/2312/23$0$50$100$150$200$250$300$350$400\n*$100 invested on December 31, 2018 , in stock or in index, including reinvestment of dividends.\nCopyright\u00a9 2024  S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.\nITEM 6. [Reserved]Table of Contents Alphabet Inc.\n28."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e14d4-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 29, "chroma:document": "ITEM 7. MANAGEMENT\u2019S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF \nOPERATIONS\nPlease read the following discussion and analysis of our financial condition and results of operations together with \n\u201cNote about Forward-Looking Statements,\u201d Part I, Item 1 \"Business,\" Part I, Item 1A \"Risk Factors,\" and our \nconsolidated financial statements and related notes included under Item 8 of this Annual Report on Form 10-K. \nThe following section generally discusses 2023 results compared to 2022 results. Discussion of 2022 results \ncompared to 2021  results to the extent not included in this report can be found in Item 7 of our 2022  Annual Report on \nForm 10-K .\nUnderstanding Alphabet\u2019s Financial Results\nAlphabet is a collection of businesses \u2014 the largest of which is Google. We report Google in two segments, \nGoogle Services and Google Cloud; we also report all non-Google businesses collectively as Other Bets. For \nadditional information on our segments, see Part I, Item 1 Business and Note 15  of the Notes to Consolidated \nFinancial Statements included in Item 8 of this Annual Report on Form 10-K.\nTrends in Our Business and Financial Effect\nThe following long-term trends have contributed to the results of our consolidated operations, and we anticipate \nthat they will continue to affect our future results:\n\u2022Users' behaviors and advertising continue to shift online as the digital economy evolves .\nThe continuing evolution of the online world has contributed to the growth of our business and our revenues since \ninception. We expect that this evolution will continue to benefit our business and our revenues, although at a slower \npace than we have experienced historically, in particular after the outsized growth in our advertising revenues during \nthe COVID-19 pandemic. In addition, we face increasing competition for user engagement and advertisers, which may \naffect our revenues.\n\u2022Users continue to access our products and services using diverse devices and modalities, which \nallows for new advertising formats that may benefit our revenues but adversely affect our margins.\nOur users are accessing our products and services via diverse devices and modalities, such as smartphones, \nwearables, connected TVs, and smart home devices , and want to be able to be connected no matter where they are or"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e152e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 29, "chroma:document": "what they are doing. We are focused on expanding our products and services to stay in front of these trends in order to \nmaintain and grow our business.\nWe benefit from advertising revenues generated from different channels, including mobile, and newer advertising \nformats. The margins from these channels and newer products have generally been lower than those from traditional \ndesktop search. Additionally, as the market for a particular device type or modality matures, our advertising revenues \nmay be affected. For example, chang ing dynamics within  the global smartphone market, such as increased market \nsaturation in developed countries, can affect our mobile advertising revenues.\nWe expect TAC paid to our distribution partners and Google Network partners to increase as our revenues grow \nand TAC as a percentage of our advertising revenues (\"TAC rate\") to be affected by changes in device mix; geographic \nmix; partner agreement terms; partner mix; the percentage of queries channeled through paid access points; product \nmix; the relative revenue growth rates of advertising revenues from different channels; and revenue share terms.\nWe expect these trends to continue to affect our revenues and put pressure on our margins.\n\u2022As online advertising evolves, we continue to expand our product offerings, which may affect our \nmonetization.\nAs interactions between users and advertisers change, and as online user behavior evolves, we continue to \nexpand our product offerings to serve these changing needs, which may affect our monetization. For example, \nrevenues from ads on YouTube and Google Play monetize at a lower rate than our traditional search ads. We also \nexpect to continue to incorporate AI innovations into our products, such as AI in Searc h, that could affect our \nmonetization trends.  When developing new products and services we generally focus first on user experience and then \non monetization.\n\u2022As users in developing economies increasingly come online, our revenues from international markets \ncontinue to increase, and may require continued investments. In addition, movements in foreign exchange \nrates affect such revenues. Table of Contents Alphabet Inc.\n29."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e1588-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 30, "chroma:document": "The shift to online, as well as the advent of the multi-device world, has brought opportunities outside of the U.S., \nincluding in emerging markets, such as India. We continue to invest heavily and develop localized versions of our \nproducts and advertising programs relevant to our users in these markets. This has led to a trend of increased \nrevenues from emerging markets.  We expect that our results will continue to be affected by our performance in these \nmarkets, particularly as low-cost mobile devices become more available. This trend could affect our revenues as \ndeveloping markets initially monetize at a lower rate than more mature markets.\nInternational revenues represent a significant portion of our revenues and are subject to fluctuations in foreign \ncurrency exchange rates relative to the U.S. dollar. While we have a foreign exchange risk management program \ndesigned to reduce our exposure to these fluctuations, this program does not fully offset their effect on our revenues \nand earnings.\n\u2022The revenues that we derive beyond advertising  are increasing and may adversely affect our margins.\nRevenues  from cloud, consumer subscriptions, platforms, and devices, which may have differing characteristics \nthan our advertising revenues,  have grown over time, and we expect this trend to continue as we focus on expanding \nour products and services . The margins on these revenues vary significantly and are generally lower than the margins \non our advertising revenues.  For example,  sales of our device s  adversely affect our consolidated margins due to \npressures on pricing and higher cost of sales.\n\u2022As we continue to serve our users and expand our businesses, we will invest heavily  in operating and \ncapital expenditures.\nWe continue to make significant research and development investments in areas of strategic focus as we seek to \ndevelop new, innovative offerings, improve our existing offerings, a nd rapidly and responsibly deploy AI  across our \nbusinesses. We also expect to  increase , relative to 2023 , our investmen t in our technical infrastructure, including \nservers, netw ork equipment, and data centers, to support the growth of our business and our long-term initiatives, in \nparticular in support of AI products and services . In addition, acquisitions and strategic investments contribute to the \nbreadth and depth of our offerings, expand our expertise in engineering and other functional areas, and build strong \npartnerships around strategic initiatives ."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e15e2-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 30, "chroma:document": "partnerships around strategic initiatives .\n\u2022We continue to face an evolving regulatory environment, and we are subject to claims, lawsuits, \ninvestigations, and other forms of potential legal liability, which could affect our business practices and \nfinancial results.\nChanges in social, political, economic, tax, and regulatory conditions or in laws  and policies governing a wide \nrange of topics and related legal matters, including investigations, lawsuits, and regulatory actions, have resulted in \nfines and caused us to change our business practices . As these global trends continue, our cost of doing business may \nincrease, our ability to pursue certain business models or offer certain products or services may be limited, and we \nmay need to change our business practices to comply with evolving regulatory and legal matters . Examples include t he \nantitrust complaints filed by  the U.S. Department of Justice and a number of state Attorneys General; legislative \nproposals and pending litigation in the U.S., EU, and around the world that could diminish or eliminate safe harbor \nprotection for websites and online platforms; and the Digital Markets Act and Digital Services Act in Europe and various \nlegislative proposals in the U.S. focused on large technology platforms. For additional information, see Item 1A Risk \nFactors and Legal Matters in Note 10  of the Notes to Consolidated Financial Statements included in Part II, Item 8 of \nthis Annual Report on Form 10-K.\n\u2022Our employees are critical to our success and we expect to continue investing in them.\nOur employees are among our best assets  and are critical for our continued success. We expect to continue \nhiring talented employees around the globe and to provide competitive compensation programs. For additional \ninformation, see Culture and Workforce in Part I, Item 1 Business of this Annual Report on Form 10-K.\nRevenues and Monetization Metrics\nWe generate revenues by delivering relevant, cost-effective online advertising; cloud-based solutions that provide \nenterprise customers of all sizes with infrastructure and platform services as well as communication and collaboration \ntools; sales of other products and services, such as apps and in-app purchases, and devices; and fees received for \nconsumer subscription-based products. For additional information on how we recognize revenue, see Note 1  of the \nNotes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e163c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 30, "chroma:document": "In addition to the long-term trends and their financial effect on our business discussed above, fluctuations in our \nrevenues have been, and may continue to be, affected by a combination of general factors, including:\n\u2022changes in foreign currency exchange rates;Table of Contents Alphabet Inc.\n30."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e16a0-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 31, "chroma:document": "\u2022changes in pricing, such as those resulting from changes in fee structures, discounts, and customer incentives ;\n\u2022general economic conditions and various external dynamics, including geopolitical events,  regulations, and \nother measures and their effect on advertiser, consumer, and enterprise spending ; \n\u2022new product and service launches; and\n\u2022seasonality.\nAdditionally, fluctuations in our revenues generated from advertising (\"Google advertising\"), revenues from other \nsources (\"Google subscriptions, platforms, and devices revenues\"), Google Cloud, and Other Bets revenues have \nbeen, and may continue to be, affected by other factors unique to each set of revenues, as described below.\nGoogle Services\nGoogle Services revenues consist of Google advertising as well as Google subscriptions, platforms, and devices \nrevenues.\nGoogle Advertising\nGoogle advertising revenues are comprised of the following: \n\u2022Google Search & other, which includes revenues generated on Google search properties (including revenues \nfrom traffic generated by search distribution partners who use Google.com as their default search in browsers, \ntoolbars, etc.), and other Google owned and operated properties like Gmail, Google Maps, and Google Play;\n\u2022YouTube ads, which includes revenues generated on YouTube properties; and\n\u2022Google Network, which includes revenues generated on Google Network properties participating in AdMob, \nAdSense, and Google Ad Manager.\nWe use certain metrics to track how well traffic across various properties is monetized as it relates to our \nadvertising revenues: paid clicks and cost-per-click pertain to traffic on Google Search & other properties, while \nimpressions and cost-per-impression pertain to traffic on our Google Network properties.\nPaid clicks represent engagement by users and include clicks on advertisements by end-users on Google search \nproperties and other Google owned and operated properties including Gmail, Google Maps, and Google Play.  Cost-\nper-click is defined as click-driven revenues divided by our total number of paid clicks and represents the average \namount we charge advertisers for each engagement by users.\nImpressions include impressions displayed to users on Google Network properties participating primarily in \nAdMob, AdSense, and Google Ad Manager.  Cost-per-impression is defined as impression-based and click-based \nrevenues divided by our total number of impressions, and represents the average amount we charge advertisers for \neach impression displayed to users.  \nAs our business evolves, we periodically review, refine, and update our methodologies for monitoring, gathering,"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e16fa-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 31, "chroma:document": "and counting the number of paid clicks and the number of impressions, and for identifying the revenues generated by \nthe corresponding click and impression activity.\nFluctuations in our advertising revenues, as well as the change in paid clicks and cost-per-click on Google Search \n& other properties and the change in impressions and cost-per-impression on Google Network properties and the \ncorrelation between these items have been, and may continue to be, affected by factors in addition to the general \nfactors described above, such as:\n\u2022advertiser competition for keywords;\n\u2022changes in advertising quality, formats, delivery or policy;\n\u2022changes in device mix; \n\u2022seasonal fluctuations in internet usage, advertising expenditures, and underlying business trends, such as \ntraditional retail seasonality; and\n\u2022traffic growth in emerging markets compared to more mature markets and across various verticals and \nchannels.Table of Contents Alphabet Inc.\n31."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e175e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 32, "chroma:document": "Google Subscriptions, Platforms, and Devices\nGoogle subscriptions, platforms, and devices revenues are comprised of the following:\n\u2022consumer subscript ions, which primarily include revenues from YouTube services, such YouTube TV, YouTube  \nMusic and Premium , and NFL Sunday Ticket, as well as Google One;\n\u2022platforms, which primarily include revenues from Google Play from the sales of apps and in-app purchases;\n\u2022devices, which primarily include sales of the Pixel family of devices; and\n\u2022other products and services.\nFluctuations in our Google subscriptions, platforms, and devices revenues have been, and may continue to be, \naffected by factors in addition to the general factors described above, such as changes in customer usage and \ndemand, number of subscribers, and fluctuations in the timing of product launches.\nGoogle Cloud\nGoogle Cloud revenues are comprised of the following:\n\u2022Google Cloud Platform , which generates consumption-based fees and subscriptions for infrastructure, \nplatform, and other services. These services provide access to solutions such as cybersecurity, databases, \nanalytics, and AI offerings including our AI infrastructure, Vertex AI platform , and Duet AI for Google Cloud ;\n\u2022Google Workspace, which includes subscriptions for cloud-based communication and collaboration tools for \nenterprises, such as Calendar, Gmail, Docs, Drive, and Meet, with integrated features like Duet AI in Google \nWorkspace; and\n\u2022other enterprise services.\nFluctuations in our Google Cloud revenues have been, and may continue to be, affected by  factors  in addition to \nthe general factors described above , such as customer usage.\nOther Bets\nRevenues from Other Bets are generated primarily from the sale of health care- related services  and internet \nservices .\nCosts and Expenses \nOur cost structure has two components: cost of revenues and operating expenses. Our operating expenses \ninclude costs related to R&D, sales and marketing, and general and administrative functions. Certain of our costs and \nexpenses, including those associated with the operation of our technical infrastructure as well as components of our \noperating expenses, are generally less variable in nature and may not correlate to changes in revenue. Additionally, \nfluctuations in compensation expenses may not directly correlate with changes in headcount, in particular due to \nannual stock-based compensation (SBC) awards  that generally vest over four years. \nCost of Revenues"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e17b8-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 32, "chroma:document": "Cost of Revenues\nCost of revenues is comprised of TAC and other costs of revenues.\n\u2022TAC includes: \n\u25e6amounts paid to our distribution partners who make available our search access points and services. \nOur distribution partners include browser providers, mobile carriers, original equipment manufacturers, \nand software developers ; and\n\u25e6amounts paid to Google Network partners primarily for ads displayed on their properties.\n\u2022Other cost of revenues  primarily includes :\n\u25e6compensation expense related to our data centers and other operations such as content review and \ncustomer and product support;\n\u25e6content acquisition costs, which are payments to content providers from whom we license video and \nother content for distribution  on YouTube and Google Play  (we pay fees to these content providers \nbased on revenues generated or a flat fee);\n\u25e6depreciation expense related to our technical infrastructure; and\n\u25e6inventory and other costs related to the devices  we sell.Table of Contents Alphabet Inc.\n32."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e181c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 33, "chroma:document": "TAC as a percentage of revenues generated from ads placed on Google Network properties are significantly \nhigher than TAC as a percentage of revenues generated from ads placed on Google Search & other properties, \nbecause most of the advertiser revenues from ads served on Google Network properties are paid as TAC to our \nGoogle Network partners.\nOperating Expenses\nOperating expenses are generally incurred during our normal course of business, which we categorize as either \nR&D, sales and marketing, or general and administrative.\nThe main components of our R&D expenses are:\n\u2022compensation expenses for engineering and technical employees responsible for R&D related to our existing \nand new products and services; \n\u2022depreciation ; and\n\u2022third-party services fees primarily relating to consulting and outsourced services in support of our engineering \nand product development efforts.\nThe main components of our sales and marketing expenses are:\n\u2022compensation expenses for employees engaged in sales and marketing, sales support, and certain customer \nservice functions; and\n\u2022spending relating to our advertising and promotional activities in support of our products and services.\nThe main components of our general and administrative expenses are:\n\u2022compensation expenses for employees in finance, human resources, information technology, legal, and other \nadministrative support functions; \n\u2022expenses relating to legal matters, including certain  fines and settlements; and \n\u2022third-party services fees, including audit, consulting, outside legal, and other outsourced administrative \nservices.\nOther Income (Expense), Net \nOI&E, net primarily consists of interest income (expense), the effect of foreign currency exchange gains (losses), \nnet gains (losses) and impairment on our marketable and non-marketable securities, performance fees, and income \n(loss) and impairment from our equity method investments. \nFor additional information, including how we account for our investments and factors that can drive fluctuations in \nthe value of our investments, see Note 1  and Note 3  of the Notes to Consolidated Financial Statements included in \nPart II, Item 8 as well as Item 7A Quantitative and Qualitative Disclosures About Market Risk of this Annual Report on \nForm 10-K.\nProvision for Income Taxes  \nProvision for income taxes represents the estimated amount of federal, state, and foreign income taxes incurred"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e1876-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 33, "chroma:document": "in the U.S. and the many jurisdictions in which we operate. The provision includes the effect of reserve provisions and \nchanges to reserves that are considered appropriate as well as the related net interest and penalties.\nFor additional information, including a reconciliation of the U.S. federal statutory rate to our effective tax rate, see \nNote 14  of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.Table of Contents Alphabet Inc.\n33."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e18da-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 34, "chroma:document": "Executive Overview\nThe following table summarizes our consolidated financial results (in millions, except for per share information \nand percentages):\nYear Ended December 31,\n2022 2023 $ Change % Change\nConsolidated revenues $ 282,836 $ 307,394 $ 24,558  9 %\nChange in consolidated constant currency revenues(1) 10 %\nCost of revenues $ 126,203 $ 133,332 $ 7,129  6 %\nOperating expenses $ 81,791 $ 89,769 $ 7,978  10 %\nOperating income $ 74,842 $ 84,293 $ 9,451  13 %\nOperating margin  26 %  27 %  1 %\nOther income (expense), net $ (3,514) $ 1,424 $ 4,938 NM\nNet income $ 59,972 $ 73,795 $ 13,823  23 %\nDiluted EPS $ 4.56 $ 5.80 $ 1.24  27 %\nNM = Not Meaningful\n(1) See \"Use of Non-GAAP Constant Currency Information \" below for details relating to our use of constant currency information. \n\u2022Revenues were $307.4 billion , an increase  of 9% year over year, primarily driven by an increase  in Google \nServices revenues of $19.0 billion , or 8%, and an increase  in Google Cloud revenues of $6.8 billion , or 26%. \n\u2022Total constant currency revenues, which exclude the effect of hedging, increased 10% year over year.\n\u2022Cost of revenues  was $133.3 billion , an increase  of 6% year over year, primarily driven by increase s in content \nacquisition costs , compensation expenses, and TAC . The increase in compensation expenses included \ncharges related to employee severance associated with the reduction in our workforce . Additionally, cost of \nrevenues benefited from a reduction in depreciation due to the change in estimated useful lives of our servers \nand network equipment.\n\u2022Operating expenses were $89.8 billion , an increase  of 10% year over year , primarily driven by an increase in \ncompensation expenses  and charges related to our office space optimization efforts . The increase in"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e1934-6a79-11ef-8942-0242ac1c000c
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metadata:
{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 34, "chroma:document": "compensation expenses was largely  the result of  charges related to employee severance associated with the \nreduction in our workforce  and an increase in SBC expense.  Operating  expenses benefited from  the change in \nthe estimated useful lives of our servers and certain network equipment.\nOther Information:\n\u2022In January 2023, we announced a reduction of our workforce , and as a result we recorded employee \nseverance and related charges of $2.1 billion  for the year ended December 31, 2023. In addition, we are \ntaking actions to optimize our global office space. As a result, exit charges recorded during the year ended \nDecember 31, 2023, were $1.8 billion . In addition to these exit charges, for the year ended December 31, \n2023, we incurred  $269 million  in accelerated rent and accelerated depreciation . For additional information, \nsee Note 8  of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on \nForm 10-K.\n\u2022In January 2023, we completed an assessment of the useful lives of our servers and network equipment, \nresulting in a change in the estimated useful life of our servers and certain network equipment to six years. \nThe effect of this change was a reduction in depreciation expense of $3.9 billion  for the year ended December \n31, 2023, recognized primarily in cost of revenues and R&D expenses. For additional information, see Note 1  \nof the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.Table of Contents Alphabet Inc.\n34."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e198e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 35, "chroma:document": "\u2022On July 21,  2023, the IRS announced a rule change allowing taxpayers to temporarily apply the regulations in \neffect prior to 2022 related to U.S. federal foreign tax credits. This announcement applies to foreign taxes paid \nor accrued in the fiscal years 2022 and 2023. A cumulative one-time adjustment applicable to  the prior period \nfor this tax rule change was recorded in 2023  and is reflected in  our effective tax rate of 13.9%  for the year \nended December 31, 2023.\n\u2022Repurchases of Class A and Class C shares were $62.2 billion  for the year ended December 31, 2023 . For \nadditional information, see Note 11  of the Notes to Consolidated Financial Statements included in Item 8 of this \nAnnual Report on Form 10-K.\n\u2022Operating cash flow was $101.7 billion  for the year ended December 31, 2023 .\n\u2022Capital expenditures, which primarily reflected investments in technical infrastructure, were $32.3 billion  for the \nyear ended December 31, 2023 .\n\u2022As of December 31, 2023 , we had  182,502  employees.\nFinancial Results\nRevenues\nThe following table presents revenues by type (in millions):\nYear Ended December 31,\n2022 2023\nGoogle Search & other $ 162,450 $ 175,033 \nYouTube ads  29,243  31,510 \nGoogle Network  32,780  31,312 \nGoogle advertising  224,473  237,855 \nGoogle subscriptions, platforms, and devices  29,055  34,688 \nGoogle Services total  253,528  272,543 \nGoogle Cloud  26,280  33,088 \nOther Bets  1,068  1,527 \nHedging gains (losses)  1,960  236 \nTotal revenues $ 282,836 $ 307,394 \nGoogle Services\nGoogle advertising revenues\nGoogle Search & other\nGoogle Search & other revenues increased  $12.6 billion  from 2022  to 2023 . The overall growth was driven by"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e19e8-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 35, "chroma:document": "interrelated factors including increases in search queries resulting from growth in user adoption and usage on mobile \ndevice s; growth in advertiser spending; and  improvements we have made in ad formats and delivery .\nYouTube ads\nYouTube ads revenues increased  $2.3 billion  from 2022  to 2023 . The growth was driven by our brand and direct \nresponse advertising products, both of which benefited from increased spending by our advertisers.\nGoogle Network\nGoogle Network revenues decreased  $1.5 billion  from 2022  to 2023 , primarily driven by a decrease in Google Ad \nManager and AdSense revenues.Table of Contents Alphabet Inc.\n35."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e1f38-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 36, "chroma:document": "Monetization Metrics\nThe following table presents changes in monetization metrics for Google Search & other revenues (paid clicks \nand cost-per-click) and Google Network revenues (impressions and cost-per-impression), expressed as a percentage, \nfrom 2022  to 2023 :\nGoogle Search & other\nPaid clicks change  7 %\nCost-per-click change  1 %\nGoogle Network\nImpressions change  (5) %\nCost-per-impression change  0 %\nChanges in paid clicks and impressions are driven by a number of interrelated factors, including changes in \nadvertiser spending; ongoing product and policy changes; and, as it relates to paid clicks, fluctuations in search \nqueries resulting from changes in user adoption and usage, primarily  on mobile devices .\nChanges in cost-per-click and cost-per-impression are driven by a number of interrelated factors including \nchanges in device mix , geographic mix, advertiser spending, ongoing product and policy changes, product mix, \nproperty mix, and changes in foreign currency exchange rates.\nGoogle subscriptions, platforms, and devices\nGoogle subscriptions , platforms, a nd devices  revenues increased  $5.6 billion  from 2022  to 2023  primarily driven \nby growth in subscriptions , largely for YouTube services. The growth in YouTube services was primarily  due to an \nincrease in paid subscribers.\nGoogle subscriptions, platforms, and devices revenues increased $1.0 billion from 2021 to 2022 primarily driven \nby growth in subscription and device revenues, partially offset by a decrease in platform revenues. The growth in \nsubscriptions was largely for YouTube services, primarily due to an increase in paid subscribers. The growth in device \nrevenues was primarily driven by increased sales of Pixel devices. The decrease in platform revenues was primarily \ndue to Google Play, driven by the fee structure changes we announced in 2021 as well as a decrease in buyer \nspending. Additionally, the overall increase in Google subscriptions, platforms, and devices revenues was adversely \naffected by the unfavorable effect of foreign currency exchange rates.\nGoogle Cloud\nGoogle Cloud revenues increased  $6.8 billion  from 2022  to 2023 . Growth was primarily driven by Google Cloud \nPlatform followed by Google Workspace offerings. Google Cloud's infrastructure and platform services were the largest \ndrivers of growth in Google Cloud Platform.\nRevenues by Geography"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e1f9c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 36, "chroma:document": "drivers of growth in Google Cloud Platform.\nRevenues by Geography\nThe following table presents revenues by geography as a percentage of revenues, determined based on the \naddresses of our customers:\n Year Ended December 31,\n 2022 2023\nUnited States  48 %  47 %\nEMEA  29 %  30 %\nAPAC  16 %  17 %\nOther Americas  6 %  6 %\nHedging gains (losses)  1 %  0 %\nFor additional information, see Note 2  of the Notes to Consolidated Financial Statements included in Item 8 of this \nAnnual Report on Form 10-K.Table of Contents Alphabet Inc.\n36."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2000-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 37, "chroma:document": "Use of Non-GAAP Constant Currency Information\nInternational revenues, which represent a significant portion of our revenues, are generally transacted in multiple \ncurrencies and therefore are affected by fluctuations in foreign currency exchange rates.\nThe effect of currency exchange rates on our business is an important factor in understanding period-to-period \ncomparisons. We use non-GAAP constant currency revenues (\"constant currency revenues\") and non-GAAP \npercentage change in constant currency revenues (\"percentage change in constant currency revenues\") for financial \nand operational decision-making and as a means to evaluate period-to-period comparisons. We believe the \npresentation of results on a constant currency basis in addition to U.S. Generally Accepted Accounting Principles \n(GAAP) results helps improve the ability to understand our performance, because it excludes the effects of foreign \ncurrency volatility that are not indicative of our core operating results.\nConstant currency information compares results between periods as if exchange rates had remained constant \nperiod over period. We define constant currency revenues as revenues excluding the effect of foreign currency \nexchange rate movements (\"FX Effect\") as well as hedging activities, which are recognized at the consolidated level. \nWe use constant currency revenues to determine the constant currency revenue percentage change on a year-on-year \nbasis. Constant currency revenues are calculated by translating current period revenues using prior year comparable \nperiod exchange rates, as well as excluding any hedging effects realized in the current period.\nConstant currency revenue percentage change is calculated by determining the change in current period \nrevenues over prior year comparable period revenues where current period foreign currency revenues are translated \nusing prior year comparable period exchange rates and hedging effects are excluded from revenues of both periods.\nThese results should be considered in addition to, not as a substitute for, results reported in accordance with \nGAAP. Results on a constant currency basis, as we present them, may not be comparable to similarly titled measures \nused by other companies and are not a measure of performance presented in accordance with GAAP.\nThe following table presents the foreign currency exchange effect on international revenues and total revenues (in \nmillions, except percentages):\nYear Ended December 31, 2023\n% Change from Prior Period\nYear Ended December 31,Less FX \nEffectConstant \nCurrency \nRevenuesAs \nReportedLess \nHedging \nEffectLess FX \nEffectConstant \nCurrency \nRevenues 2022 2023"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e205a-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 37, "chroma:document": "EffectConstant \nCurrency \nRevenues 2022 2023\nUnited States $ 134,814 $ 146,286 $ 0 $ 146,286  9 %  0 %  9 %\nEMEA  82,062  91,038  460  90,578  11 %  1 %  10 %\nAPAC  47,024  51,514  (1,759)  53,273  10 %  (3) %  13 %\nOther Americas  16,976  18,320  (654)  18,974  8 %  (4) %  12 %\nRevenues, excluding hedging effect  280,876  307,158  (1,953)  309,111  9 %  (1) %  10 %\nHedging gains (losses)  1,960  236 \nTotal revenues(1)$ 282,836 $ 307,394 $ 309,111  9 %  0 %  (1) %  10 %\n(1)Total constant currency revenues of $309.1 billion  for 2023  increased $28.2 billion  compared to $280.9 billion  in revenues, \nexcluding hedging effect, for 2022 .\nEMEA revenue growth was favorably affected by changes in foreign currency exchange rates, primarily due to the \nU.S. dollar weakening relative to the Euro, partially offset by the U.S. dollar strengthening relative to the Turkish lira.\nAPAC revenue growth was unfavorably affected by changes in foreign currency exchange rates, primarily due to \nthe U.S. dollar strengthening relative to the Japanese yen.\nOther Americas revenue growth was unfavorably affected by changes in foreign currency exchange rates, \nprimarily due to the U.S. dollar strengthening relative to the Argentine peso.Table of Contents Alphabet Inc.\n37."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e20b4-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 38, "chroma:document": "Costs and Expenses\nCost of Revenues\nThe following table presents cost of revenues, including TAC (in millions, except percentages):\n Year Ended December 31,\n 2021 2022 2023\nTAC $ 45,566 $ 48,955 $ 50,886 \nOther cost of revenues  65,373  77,248  82,446 \nTotal cost of revenues $ 110,939 $ 126,203 $ 133,332 \nTotal cost of revenues as a percentage of revenues  43 %  45 %  43 %\nCost of revenues increased  $7.1 billion  from 2022  to 2023  due to an increase  in other cost of revenues and TAC \nof $5.2 billion  and $1.9 billion , respectively.\nThe increase  in TAC from 2022  to 2023  was largely due to an increase in TAC paid to distribution partners, \nprimarily driven by growth in revenues subject to TAC. The TAC rate decreased from 21.8%  to 21.4%  from 2022  to \n2023  primarily due to a revenue mix shift from Google Network properties to Google Search & other properties. The \nTAC rate on Google Search & other revenues and the TAC rate on Google Network revenues were both substantially \nconsistent from 2022 to 2023.\nThe increase  in other cost of revenues from 2022  to 2023  was primarily due to increases in content acquisition \ncosts, largely for YouTube, and compensation expenses, which  included $479 million  of charges related to employee \nseverance associated with the reduction in our workforce . Additionally, other cost of revenues benefited from a \nreduction in depreciation expense due to the change in estimated useful lives of our servers and network equipment.\nThe increase  in other cost of revenues of $11.9 billion  from 2021 to 2022  was primarily due to increases in device \ncosts, compensation expenses, depreciation, and equipment-related expenses.\nResearch and Development\nThe following table presents R&D expenses (in millions, except percentages):\n Year Ended December 31,\n 2022 2023\nResearch and development expenses $ 39,500 $ 45,427"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e210e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 38, "chroma:document": "Research and development expenses $ 39,500 $ 45,427 \nResearch and development expenses as a percentage of revenues  14 %  15 %\nR&D expenses increased  $5.9 billion  from 2022  to 2023  primarily driven by an increase in compensation \nexpenses of $2.9 billion, $870 million in charges related to our office space optimization efforts, and an increase in \ndepreciation expense of $722 million. The $2.9 billion increase in compensation expenses  was largely the result of a \n4% increase in average headcount , after adjusting for roles affected by the reduction in our workforce, and an increase \nin SBC expense. Additionally, the increase in compensation expenses included  $848 million in employee severance \ncharges associated with the reduction in our workforce.  The $722 million increase in depreciation expense reflected an \noffsetting benefit of the change in the estimated useful lives of our servers and network equipment.\nSales and Marketing\nThe following table presents sales and marketing expenses (in millions, except percentages):\n Year Ended December 31,\n 2022 2023\nSales and marketing expenses $ 26,567 $ 27,917 \nSales and marketing expenses as a percentage of revenues  9 %  9 %\nSales and marketing expenses increased  $1.4 billion  from 2022  to 2023 , primarily driven by an increase in \ncompensation expenses of $1.6 billion, partially offset by a decrease in advertising and promotional activities of $441 \nmillion. The $1.6 billion increase in compensation expenses was largely the result of $497 million in employee \nseverance charges associated with the reduction in our workforce in addition to a combination of other factors, none of \nwhich were individually significant .Table of Contents Alphabet Inc.\n38."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2172-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 39, "chroma:document": "General and Administrative\nThe following table presents general and administrative expenses (in millions, except percentages):\n Year Ended December 31,\n 2022 2023\nGeneral and administrative expenses $ 15,724 $ 16,425 \nGeneral and administrative expenses as a percentage of revenues  6 %  5 %\nGeneral and administrative expenses increased  $701 million  from 2022  to 2023 , primarily driven by an increase in \ncompensation expenses of $416 million, which was largely the result of $264 million in employee severance charges \nassociated with the reduction in our workforce  in addition to a combination of other factors, none of which were \nindividually significant . \nSegment Profitability\nThe following table presents segment operating income (loss) (in millions).\nYear Ended December 31,\n2022 2023\nOperating income (loss):\nGoogle Services $ 82,699 $ 95,858 \nGoogle Cloud  (1,922)  1,716 \nOther Bets  (4,636)  (4,095) \nAlphabet-level activities(1) (1,299)  (9,186) \nTotal income from operations $ 74,842 $ 84,293 \n(1)In addition to the costs included in Alphabet-level activities , hedging gains (losses) related to revenue were $2.0 billion  and \n$236 million  in 2022 and 2023 , respectively . For the year ended December 31, 2023, Alphabet-level activities include charges \nrelated to the reduction  in force and our office space optimization efforts  totaling  $3.9 billion . In addition, for the year ended \nDecember 31, 2023, we incurred $269 million  in accelerated rent and accelerated depreciation. For additional information \nrelating to our workforce reduction and other initiatives, see Note 8  of the Notes to Consolidated Financial Statements included \nin Item 8 of this Annual Report on Form 10-K. For additional information relating to our segments, see Note 15  of the Notes to \nConsolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.\nGoogle Services\nGoogle Services  operating income increased  $13.2 billion  from 2022  to 2023 . The increase in operating income"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e21cc-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 39, "chroma:document": "was primarily driven by an increase in revenues, partially offset by an increase in content acquisition costs and \ncompensation expenses  including  an increase in SBC expense . Additionally, operating income benefited from a \nreduction in costs driven by the change in the estimated useful lives of our servers and certain network equipment.\nGoogle Cloud\nGoogle Cloud operating income of $1.7 billion  for 2023  compared to an operating loss of $1.9 billion  for 2022  \nrepresents an increase of $3.6 billion . The increase in operating income was primarily driven by an increase in \nrevenues, partially offset by an increase in compensation expenses l argely driven by  headcount growth . Additionally, \noperating income benefited from a reduction in costs driven by the change in the estimated useful lives of our servers \nand certain network equipment.\nOther Bets\nOther Bets operating loss decreased  $541 million  from 2022  to 2023  primarily due to growth in revenues  as well \nas a reduction in valuation-based compensation liabilities related to Other Bet companies .\nOther Income (Expense), Net\nThe following table presents OI&E, (in millions):Table of Contents Alphabet Inc.\n39."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2262-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 40, "chroma:document": "Year Ended December 31,\n 2022 2023\nInterest income $ 2,174 $ 3,865 \nInterest expense  (357)  (308) \nForeign currency exchange gain (loss), net  (654)  (1,238) \nGain (loss) on debt securities, net  (2,064)  (1,215) \nGain (loss) on equity securities, net  (3,455)  392 \nPerformance fees  798  257 \nIncome (loss) and impairment from equity method investments, net  (337)  (628) \nOther  381  299 \nOther income (expense), net $ (3,514) $ 1,424 \nOI&E, net increased $4.9 billion  from 2022 to 2023. The increase was primarily due to fluctuations in the value of \nequity securities reflecting market driven changes in the value of our marketable equity securities, investment specific  \nevent driven changes  in our non-marketable equity securities, and increased interest income due to interest rates. \nFor additional information, see Note 7  of the Notes to Consolidated Financial Statements included in Item 8 of this \nAnnual Report on Form 10-K.\nProvision for Income Taxes\nThe following table presents provision for income taxes (in millions, except for effective tax rate):\n Year Ended December 31,\n 2022 2023\nIncome before provision for income taxes $ 71,328 $ 85,717 \nProvision for income taxes $ 11,356 $ 11,922 \nEffective tax rate  15.9 %  13.9 %\nIn 2023, the Internal Revenue Services (IRS) issued a rule change allowing taxpayers to temporarily apply the \nregulations in effect prior to 2022 related to U.S. federal foreign tax credits, as well as a separate rule change with \ninterim guidance on the capitalization and amortization of R&D expenses. A cumulative one-time adjustment applicable \nto the prior period for these tax rule changes  was recorded in 2023.\nThe effective tax rate decreased from 2022  to 2023 , reflecting the effect of the two tax rule changes described \nabove, particularly the change related to foreign tax cred its. The effect of these tax rule changes was partially offset by"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e22bc-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 40, "chroma:document": "changes in uncertain tax benefits  and a decrease  in the U.S. federal Foreign Derived Intangible Income tax deduction.\nThe OECD is coordin ating negotiations among more than 140 countries with the goal of achieving consensus \naround substantial changes to international tax policies, including the implementation of a minimum global effective tax \nrate of 15%. While various countries have implemented the legislation as of January 1, 2024, we do not expect a \nresulting material change to our income tax provision for the 2024 fiscal year. As additional jurisdictions enact such \nlegislation, we expect our effective tax rate and cash tax payments could increase in f uture years. \nFinancial Condition\nCash, Cash Equivalents, and Marketable Securities\nAs of December 31, 2023 , we had $110.9 billion  in cash, cash equivalents, and short-term marketable securities. \nCash equivalents and marketable securities a re comprised of time deposits, money market funds, highly liquid \ngovernment bonds, corporate debt securities, mortgage-backed and asset-backed securities, and marketable equity \nsecurities.\nSources, Uses of Cash and Related Trends\nOur principal sources of liquidity are cash, cash equivalents, and marketable securities, as well as the cash flow \nthat we generate from operations. The primary use of capital continues to be to invest for the long-term growth of the \nbusiness. We regularly evaluate our cash and capital structure, including the size, pace, and form of capital return to \nstockholders.Table of Contents Alphabet Inc.\n40."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2316-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 41, "chroma:document": "The following table presents our cash flows (in millions):\n Year Ended December 31,\n 2022 2023\nNet cash provided by operating activities $ 91,495 $ 101,746 \nNet cash used in investing activities $ (20,298) $ (27,063) \nNet cash used in financing activities $ (69,757) $ (72,093) \nCash Provided by Operating Activities\nOur largest source of cash provided by operations are advertising revenues generated by Google Search & other \nproperties, Google Network properties, and YouTube properties. In Google Services, we also generate cash through \nconsumer subscriptions and the sale of apps and in-app purchases and devices. In Google Cloud we generate cash \nthrough consumption-based fees and subscriptions for infrastructure, platform, collaboration tools, and other cloud \nservices .\nOur primary uses of cash from operating activities include payments to distribution and Google Network partners, \nto employees for compensation, and to content providers. Other uses  of cash from operating activities include \npayments to suppliers for devices, to tax authorities for income taxes, and other general corporate expenditures .\nNet cash provided by operating activities increased  from 2022  to 2023  due to the increase in cash received from \ncustomers, partially offset by increase s in ca sh paid for cost of revenues and operating expenses.\nCash Used in Investing Activities\nCash provided by investing activities consists primarily of maturities and sales of investments in marketable and \nnon-marketable securities. Cash used in investing activities consists primarily of purchases of marketable and non-\nmarketable securities, purchases of property and equipment, and payments for acquisitions.\nNet cash used in investing activities increased  from 2022  to 2023  due to a decrease in maturities and sales of \nmarketable securities, partially offset by a decrease in payments for acquisitions.\nCash Used in Financing Activities\nCash provided by financing activities consists primarily of proceeds from issuance of debt and proceeds from the \nsale of interes ts in consolidated entities. Cash used in financing activities consists primarily of repurchases of stock, \nnet payments related to stock-based award activities, and repayments of debt.\nNet cash used in financing activities increased  from 2022  to 2023  due to an increase in repurchases of stock.\nLiquidity and Material Cash Requirements"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e237a-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 41, "chroma:document": "Liquidity and Material Cash Requirements\nWe expect existing cash, cash equivalents, short-term marketable securities, cash flows from operations and \nfinancing activities to continue to be sufficient to fund our operating activities and cash commitments for investing and \nfinancing activities for at least the next 12 months and thereafter for the foreseeable future.\nCapital Expenditures and Leases\nWe make investments in land and buildings for data centers and offices and information technology assets \nthrough purchases of property and equipment and lease arrangements  to provide capacity for the growth of our \nservices and products.\nCapital Expenditures\nOur capital investments in propert y and equipment consist primarily of the following major categories:\n\u2022technical infrastructure , which consists of our investments in servers and network equipment for computing, \nstorage, and networking requirements for ongoing business activities, including AI, (collectively referred to as \nour information technology assets ) and data center land and building construction; and\n\u2022office facilities , ground-up development projects, and building improvements  (also referred to as \"fit-outs\").\nConstruction in progress consists primarily of technical infrastructure and office facilities which have not yet been \nplaced in service. The time frame from date of purchase to placement in service of these assets may extend from \nmonths to years. For example, our data center construction projects are generally multi-year projects with multiple \nphases, where we acquire land and buildings, construct buildings, and secure and install information technology \nassets.Table of Contents Alphabet Inc.\n41."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e23e8-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 42, "chroma:document": "During the years ended December 31, 2022  and 2023 , we spent $31.5 billion  and $32.3 billion  on capital \nexpenditures, respectively. We expect to increase, relative to 2023, our investment in our technical infrastructure, \nincluding servers, network equipment, and data centers, to support the growth of our business and our long-term \ninitiatives, in particular in support of AI products and services.  Depreciation of our property and equipment commences \nwhen the deployment of such assets are completed and are ready for our intended use. Land is not depreciated. For \nthe years ended December 31, 2022  and 2023 , our depreciation  on property and equipment were $13.5 billion  and \n$11.9 billion , respectively .  \nLeases \nFor the years ended December 31, 2022  and 2023 , we recognized total operating lease assets of $4.4 billion  and \n$2.9 billion , respectively. As of December 31, 2023 , the amount of total future lease payments under operating leases, \nwhich had a weighted average remaining lease term of eight  years, was $17.7 billion , of which $3.2 billion  is short-\nterm. As of December 31, 2023 , we have entered into leases that have not yet commenced with future short-term and \nlong-term lease payments of  $657 million  and $3.3 billion , that are not yet recorded on our Consolidated Balance \nSheets. These leases will commence between 2024  and 2026  with non-cancelable lease terms of one to 25 years. \nFor the years ended December 31, 2022  and 2023 , our operating lease expenses (including variable lease costs) \nwere $3.7 billion  and $4.5 billion , respectively. Finance lease costs  were not material for the years ended \nDecember 31, 2022  and 2023 . For additional information, see Note 4  of the Notes to Consolidated Financial \nStatements included in Item 8 of this Annual Report on Form 10-K.\nFinancing\nWe have a short-term debt financing program of up to $10.0 billion  through the issuance of commercial paper. Net"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 42, "chroma:document": "proceeds from this program are used for general corporate purposes. As of December 31, 2023 , we had no \ncommercial paper outstanding.\nAs of December 31, 2023 , we had $10.0 billion  of revolving credit facilities, $4.0 billion  expiring in April 2024  and \n$6.0 billion  expiring in April 2028 . The interest rates for all credit facilities are determined based on a formula using \ncertain market rates, as well as our progress toward the achievement of certain sustainability goals . No amounts have \nbeen borrowed under the credit facilities.\nAs of December 31, 2023 , we had senior unsecured notes outstanding with a total carrying value of $12.9 billion  \nwith short-term and long-term future interest payments of $214 million  and $3.6 billion , respectively. For additional \ninformation, see Note 6  of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on \nForm 10-K.\nWe primarily utilize contract manufacturers for the assembly of our servers used in our technical infrastructure \nand devices we sell. We have agreements where we may purchase components directly from suppliers and then \nsupply these components to contract manufacturers for use in the assembly of the servers and d evice s. Certain of \nthese arrangements result in a portion of the cash received from and paid to the contract manufacturers to be \npresented as financing activities in the Consolidated Statements of Cash Flows included in Item 8 of this Annual \nReport on F orm 10-K.\nShare Repurchase Program\nDuring 2023  we repurchased and subsequently retired 528 million  shares for $62.2 billion .\nIn April 2023, the Board of Directors of Alphabet authorized the company to repurchase up to an additional $70.0 \nbillion of its Class A and Class C shares. As of December 31, 2023, $36.3 billion  remains available for Class A and \nClass C share repurchases.\nThe following table presents Class A and Class C shares repurchased and subsequently retired (in millions):\nYear Ended December 31, 2022 Year Ended December 31, 2023\nShares Amount Shares Amount\nClass A share repurchases 61$ 6,719 78$ 9,316"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 42, "chroma:document": "Class C share repurchases 469  52,577 450  52,868 \nTotal share repurchases(1)530 $ 59,296 528 $ 62,184 \n(1)         Shares repurchased include unsettled repurchases as of December 31, 2023 .\nFor additional information, see Note 11  of the Notes to Consolidated Financial Statements included in Item 8 of \nthis Annual Report on Form 10-K.Table of Contents Alphabet Inc.\n42."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 43, "chroma:document": "European Commission Fines\nIn 2017, 2018 and 2019, the EC announced decisions that certain actions taken by Google infringed European \ncompetition law and imposed fines of \u20ac2.4 billion  ($2.7 billion  as of June 27, 2017 ), \u20ac4.3 billion  ($5.1 billion  as of \nJune 30, 2018 ), and \u20ac1.5 billion  ($1.7 billion  as of March 20, 2019 ), respectively. On September 14, 2022, the General \nCourt reduced the 2018 fine from \u20ac4.3 billion  to \u20ac4.1 billion. We subsequently filed an appeal to the European Court of \nJustice.\nWhile each EC decision is under appeal, we included the fines in accrued expenses and other current liabilities \non our Consolidated Balance Sheets as we provided bank guarantees (in lieu of a cash payment) for the fines. For \nadditional information, see Note 10  of the Notes to Consolidated Financial Statements included in Item 8 of this Annual \nReport on Form 10-K.\nTaxes\nAs of December 31, 2023 , we had income taxes payabl e of $4.2 billion , of which $2.1 billion  was short-term, \nrelated to a one-time transition tax payable incurred as a result of the U.S. Tax Cuts and Jobs Act (\"Tax Act\").  As \npermitted by the Tax Act, we will pay the transition tax in annual interest-free installments through 2025 . We also have \nlong-term taxes payable  of $6.3 billion  primarily related to uncertain tax positions as of December 31, 2023 .\nPurchase Commitments and Other Contractual Obligations\nAs of December 31, 2023 , we had material purchase commitments and other contractual obligations of $45.9 \nbillion , of which $31.6 billion  was short-term. These amounts primarily consist of p urchase orders for certain technical \ninfrastructure as well as  the non-cancelable portion or the minimum cancellation fee in certain agreements related to \ncommitments to purchase licenses, including content licenses, inventory and network capacity . For those agreements \nwith variable terms, we do not estimate the non-cancelable obligation beyond any minimum quantities and/or pricing as"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 43, "chroma:document": "of December 31, 2023 . In certain instances, the amount of our contractual obligations may change based on the \nexpected timing of order fulfillment from our suppliers.  For more  information related to our content licenses, see Note \n10 of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.\nIn addition, we regularly enter into multi-year, non-cancellable agreements to purchase renewable energy and \nenergy attributes, such as renewable energy certificates. These agreements do not include a minimum dollar \ncommitment. The amounts to be paid under these agreements are based on the actual volumes to be generated and \nare not readily determinable.\nCritical Accounting Estimates\nWe prepare our consolidated financial statements in accordance with GAAP. In doing so, we have to make \nestimates and assumptions. Our critical accounting estimates are those estimates that involve a significant level of \nuncertainty at the time the estimate was made, and changes in them have had or are reasonably likely to have a \nmaterial effect on our financial condition or results of operations. Accordingly, actual results could differ materially from \nour estimates. We base our estimates on past experience and other assumptions that we believe are reasonable \nunder the circumstances, and we evaluate these estimates on an ongoing basis. We have reviewed our critical \naccounting estimates with the Audit and Compliance Committee of our Board of Directors.\nFor a summary of significant accounting policies and the effect on our financial statements, see Note 1  of the \nNotes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.\nFair Value Measurements of Non-Marketable Equity Securities\nWe measure certain financial instruments at fair value on a nonrecurring basis, consisting primarily of our non-\nmarketable equity securities. These investments are accounted for under the measurement alternative method (\"the \nmeasurement alternative\") and are measured at cost, less impairment, subject to upward and downward adjustments \nresulting from observable price changes for identical or similar investments of the same issuer. These adjustments \nrequire quantitative assessments of the fair value of our securities, which may require the use of unobservable inputs. \nAdjustments are determined primarily based on a market approach as of the transaction date and involve the use of \nestimates using the best information available, which may include cash flow projections or other available market data ."}


created_at: 2024-09-04 04:52:27
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 43, "chroma:document": "Non-marketable equity securities are also evaluated for impairment, based on qualitative factors including the \ncompanies' financial and liquidity position and access to capital resources, among others. When indicators of \nimpairment exist, we prepare quantitative measurements of the fair value of our equity investments using a market \napproach or an income approach, which requires judgment and the use of unobservable inputs, including discount \nrates, investee revenues and costs, and comparable market data of private and public companies, among others. Table of Contents Alphabet Inc.\n43."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 44, "chroma:document": "When the quantitative remeasurements of fair value indicate an impairment exists, we write down the investment to its \ncurrent fair value.\nWe also have compensation arrangements with payouts based on realized returns from certain investments, i.e. \nperformance fees. We record compensation expense based on the estimated payouts on an ongoing basis, which may \nresult in expense recognized before investment returns are realized and compensation is paid and may require the use \nof unobservable inputs.\nProperty and Equipment\nWe assess the reasonableness of the useful lives of our property and equipment periodically as well as when \nother changes occur, such as when there are changes to ongoing business operations, changes in the planned use \nand utilization of assets, or technological advancements, that could indicate a change in the period over which we \nexpect to benefit from the assets. \nIncome Taxes\nWe are subject to income taxes in the U.S. and foreign jurisdictions. Significant judgment is required in evaluating \nour uncertain tax positions and determining our provision for income taxes.\nRecording an uncertain tax position involves various qualitative considerations, including evaluation of \ncomparable and resolved tax exposures, applicability of tax laws, and likelihood of settlement. We evaluate uncertain \ntax positions periodically, considering changes in facts and circumstances, such as new regulations or recent judicial \nopinions, as well as the status of audit activities by taxing authorities. Although we believe we have adequately \nreserved for our uncertain tax positions, no assurance can be given that the final tax outcome of these matters will not \nbe different. To the extent that the final tax outcome of these matters is different than the amounts recorded, such \ndifferences will affect the provision for income taxes and the effective tax rate in the period in which such determination \nis made.\nThe provision for income taxes includes the effect of reserve provisions and changes to reserves as well as the \nrelated net interest and penalties. In addition, we are subject to the continuous examination of our income tax returns \nby the IRS and other tax authorities which may assert assessments against us. We regularly assess the likelihood of \nadverse outcomes resulting from these examinations and assessments to determine the adequacy of our provision for \nincome taxes .\nLoss Contingencies\nWe are regularly subject to claims, lawsuits, regulatory and government investigations, other proceedings, and \nconsent orders involving competition, intellectual property, privacy, data security , tax and related compliance, labor and"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 44, "chroma:document": "employment, commercial disputes, content generated by our users, goods and services offered by advertisers or \npublishers using our platforms, personal injury consumer protection,  and other matters. Certain of these matters \ninclude speculative claims for substantial or indeterminate amounts of damages. We record a liability when we believe \nthat it is probable that a loss has been incurred and the amount can be reasonably estimated. If we determine that a \nloss is reasonably possible and the loss or range of loss can be estimated, we disclose the possible loss  in Note 10  of \nthe Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K. \nWe evaluate, on a regular basis, developments in our legal matters that could affect the amount of liability that \nhas been previously accrued, and the matters and related reasonably possible losses disclosed, and make \nadjustments and changes to our disclosures. Significant judgment is required to determine both the likelihood and the \nestimated amount of a loss related to such matters. Until the final resolution of such matters, there may be an \nexposure to loss in excess of the amount recorded, and such amounts could be material.\nChange in Accounting Estimate\nIn January 2023, we completed an assessment of the useful lives of our server s and network equipment resulting \nin a change in the estimated useful life of our servers and certain network equipment to six years. This change in \naccounting estimate was effective beginning fiscal year 2023. For additional information, see Note 1  of the Notes to \nConsolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K .Table of Contents Alphabet Inc.\n44."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 45, "chroma:document": "ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK\nWe are exposed to financial market risks, including changes in foreign currency exchange rates, interest rates, \nand equity investment risks. \nForeign Currency Exchange Risk\nWe transact business globally in multiple currencies. International revenues, as well as costs and expenses \ndenominated in foreign currencies, expose us to the risk of fluctuations in foreign currency exchange rates against the \nU.S. dollar. As discussed below, we enter into derivative instruments to hedge foreign currency risk. Principal \ncurrencies hedged included the Australian dollar, British pound, Canadian dollar, Euro, and Japanese yen.  For the \npurpose of analyzing foreign currency exchange risk, we considered the historical trends in foreign currency exchange \nrates and determined that it was reasonably possible that adverse changes in exchange rates of 10% could be \nexperienced .\nWe use foreign currency forward and option contracts to offset the foreign exchange risk on assets and liabilities \ndenominated in currencies other than the functional currency of the subsidiary. These forward and option contracts \nreduce, but do not entirely eliminate, the effect of foreign currency exchange rate movements on our assets and \nliabilities. The foreign currency gains and losses on these assets and liabilities are recorded in OI&E, which are offset \nby the gains and losses on the forward and option contracts.\nIf an adverse 10% foreign currency exchange rate change was applied to total monetary assets, liabilities, and \ncommitments denominated in currencies other than the functional currencies at the balance sheet date, it would have \nresulted in an adverse effect on income before income taxes of approxima tely $136 million  and $503 million  as of \nDecember 31, 2022  and 2023 , respectively, after consideration of the effect of foreign exchange contracts in place for \nthe years ended December 31, 2022  and 2023 .\nWe use foreign currency forward and option contracts, including collars (an option strategy comprised of a \ncombination of purchased and written options) to protect forecasted U.S. dollar-equivalent earnings from changes in \nforeign currency exchange rates.  When the U.S. dollar strengthens, gains from foreign currency forward and option \ncontacts reduce the foreign currency losses related to our earnings. When the U.S. dollar weakens, losses from foreign"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 45, "chroma:document": "currency forward and option contracts offset the foreign currency gains related to our earnings. These hedging \ncontracts reduce, but do not entirely eliminate, the effect of foreign currency exchange rate movements. We designate \nthese contracts as cash flow hedges for accounting purposes. We reflect the gains or losses of foreign currency spot \nrate changes as a component of accumulated other comprehensive income (AOCI) and subsequently reclassify them \ninto revenues to offset the hedged exposures as they occur. \nIf the U.S. dollar weakened by 10% as of December 31, 2022  and 2023 , the amount recorded in AOCI related to \nour cash flow hedges before tax effect would have been approximately  $1.3 billion  and  $1.5 billion  lower as of \nDecember 31, 2022  and 2023 , respectively. The change in the value recorded in AOCI would be expected to offset a \ncorresponding foreign currency change in forecasted hedged revenues when recognized.\nWe use foreign exchange forward contracts designated as net investment hedges to hedge the foreign currency \nrisks related to investment in foreign subsidiaries. These forward contracts serve to offset the foreign currency \ntranslation risk from our foreign operations.\nIf the U.S. dollar weakened by 10%, the amount recorded in cumulative translation adjustment (CTA) within AOCI \nrelated to our net investment hedges before tax effect would have been approximately $903 million  and $946 million  \nlower as of December 31, 2022  and 2023 , respectively. The change in value recorded in CTA would be expected to \noffset a corresponding foreign currency translation gain or loss from our investment in foreign subsidiaries.\nInterest Rate Risk\nOur Corporate Treasury investment strategy is to achieve a return that w ill allow us to preserve capital and \nmaintain liquidity. We invest primarily in debt securities, including government bonds, corporate debt securities, \nmortgage-backed and asset-backed securities, money market and other funds, time deposits, and interest rate \nderivatives. By policy, we limit the amount of credit exposure to any one issuer. Our investments in both fixed rate and \nfloating rate interest earning securities carry a degree of interest rate risk. Fixed rate securities may have their fair \nmarket value adversely affected due to a rise in interest rates, while floating rate securities may produce less income"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 45, "chroma:document": "than predicted if interest rates fall. Unrealized gains or losses on our marketable debt securities are primarily due to \ninterest rate fluctuations as compared to interest rates at the time of purchase. For certain fixed and variable rate debt \nsecurities, we have elected the fair value option for which changes in fair value are recorded in OI&E. We measure \nsecurities for which we have not elected the fair value option at fair value with gains and losses recorded in AOCI until \nthe securities are sold, less any expected credit losses. Table of Contents Alphabet Inc.\n45."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 46, "chroma:document": "We use value-at-risk (VaR) analysis to determine the potential effect of fluctuations in interest rates on the value \nof our marketable debt security portfolio. The VaR is the expected loss in fair value, for a given confidence interval, for \nour investment portfolio due to adverse movements in interest rates. We use a variance/covariance VaR model with \n95% confidence interval. The estimated one-day loss in fair value of marketable debt securities as of December 31, \n2022  and 2023  are shown below (in millions):\n As of December 31,12-Month Average \nAs of December 31,\n 2022 2023 2022 2023\nRisk category - interest rate $ 256 $ 296 $ 198 $ 271 \nActual future gains and losses associated with our marketable debt security portfolio may differ materially from the \nsensitivity analyses performed as of December 31, 2022  and 2023  due to the inherent limitations associated with \npredicting the timing and amount of changes in interest rates and our actual exposures and positions. VaR analysis is \nnot intended to represent actual losses but is used as a risk estimation.\nEquity Investment Risk\nOur marketable and non-marketable equity securities are subject to a wide variety of market-related risks that \ncould substantially reduce or increase the fair value of our holdings.\nOur marketable equity securities are publicly traded stocks or funds and our non-marketable equity securities are \ninvestments in privately held companies, some of which are in the startup or development stages.\nWe record marketable equity securities not accounted for under the equity method at fair value based on readily \ndeterminable market values, of which publicly traded stocks and mutual funds are subject to market price volatility, and \nrepresent $5.2 billion  and $6.0 billion  of our investments as of December 31, 2022  and 2023 , respectively. A \nhypothetical adverse price change of 10% on our December 31, 2023  balance would decrease the fair value of \nmarketable equity securities by $597 million . From time to time, we may enter into derivatives to hedge the market \nprice risk on certain of our marketable equity securities.\nOur non-marketable equity securities not accounted for under the equity method are adjusted to fair value for"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 46, "chroma:document": "observable transactions for identical or similar investments of the same issuer or impairment (referred to as the \nmeasurement alternative). The fair value measured at the time of the observable transaction is not necessarily an \nindication of the current fair value as of the balance sheet date. These investments, especially those that are in the \nearly stages, are inherently risky because the technologies or products these companies have under development are \ntypically in the early phases and may never materialize, and they may experience a decline in financial condition, \nwhich could result in a loss of a substantial part of our investment in these companies. Valuations of our equity \ninvestments in private companies are inherently more complex due to the lack of readily available market data and \nobservable transactions at lower valuations could result in significant losses. In addition, global economic conditions \ncould result in additional volatility. The success of our investment in any private company is also typically dependent on \nthe likelihood of our ability to realize appreciation in the value of investments through liquidity events such as public \nofferings, acquisitions, private sales or other market events. Changes in the valuation of non-marketable equity \nsecurities may not directly correlate with changes in valuation of marketable equity securities. As of December 31, \n2022  and 2023 , the carrying value of our non-marketable equity securities, which were accounted for under the \nmeasurement alternative, was $28.5 billion  and $28.8 billion , respectively. \nThe carrying values of our equity method investments, which totaled approximately $1.7 billion  as of \nDecember 31, 2022  and 2023 , generally do not fluctuate based on market price changes. However, these investments \ncould be impaired if the carrying value exceeds the fair value and is not expected to recover.\nFor additional information about our equity investments, see Note 1  and Note 3  of the Notes to Consolidated \nFinancial Statements included in Item 8 of this Annual Report on Form 10-K.Table of Contents Alphabet Inc.\n46."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 47, "chroma:document": "ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA\nAlphabet Inc.\nINDEX TO CONSOLIDATED FINANCIAL STATEMENTS\n Page\nReports of Independent Registered Public Accounting Firm  (PCAOB ID: 42) 48\nFinancial Statements:\nConsolidated Balance Sheets 51\nConsolidated Statements of Income 52\nConsolidated Statements of Comprehensive Income 53\nConsolidated Statements of Stockholders\u2019 Equity 54\nConsolidated Statements of Cash Flows 55\nNotes to Consolidated Financial Statements 56Table of Contents Alphabet Inc.\n47."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 48, "chroma:document": "REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM\nTo the Stockholders and the Board of Directors of Alphabet Inc.\nOpinion on the Financial Statements\nWe have audited the accompanying consolidated balance sheets of Alphabet Inc. (the Company) as of December 31, \n2022  and 2023 , the related consolidated statements of income, comprehensive income, stockholders' equity and cash \nflows for each of the three years in the period ended December 31, 2023 , and the related notes and financial \nstatement schedule listed in the Index at Item 15 (collectively referred to as the \u201cconsolidated financial statements\u201d). In \nour opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the \nCompany at December 31, 2022  and 2023 , and the results of its operations and its cash flows for each of the three \nyears in the period ended December 31, 2023 , in conformity with U.S. generally accepted accounting principles.\nWe also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United \nStates) (PCAOB), the Company's internal control over financial reporting as of December 31, 2023 , based on criteria \nestablished in Internal Control\u2014Integrated Framework issued by the Committee of Sponsoring Organizations of the \nTreadway Commission (2013 framework), and our report dated January 30, 2024  expressed an unqualified opinion \nthereon.\nBasis for Opinion\nThese financial statements are the responsibility of the Company's management. Our responsibility is to express an \nopinion on the Company\u2019s financial statements based on our audits. We are a public accounting firm registered with \nthe PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal \nsecurities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.\nWe conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and \nperform the audit to obtain reasonable assurance about whether the financial statements are free of material \nmisstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material \nmisstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 48, "chroma:document": "those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in \nthe financial statements. Our audits also included evaluating the accounting principles used and significant estimates \nmade by management, as well as evaluating the overall presentation of the financial statements. We believe that our \naudits provide a reasonable basis for our opinion.\nCritical Audit Matter\nThe critical audit matter communicated below is a matter arising from the current period audit of the financial \nstatements that was communicated or required to be communicated to the audit committee and that: (1) relates to \naccounts or disclosures that are material to the financial statements and (2) involved our especially challenging, \nsubjective or complex judgments. The communication of the critical audit matter does not alter in any way our opinion \non the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter \nbelow, providing a separate opinion on the critical audit matter or on the account or disclosure to which it relates. Table of Contents Alphabet Inc.\n48."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 49, "chroma:document": "Loss Contingencies \nDescription of \nthe MatterThe Company is regularly subject to claims, lawsuits, regulatory and government investigations, \nother proceedings, and consent orders involving competition, intellectual property, data privacy and \nsecurity, tax and related compliance, labor and employment, commercial disputes, content \ngenerated by its users, goods and services offered by advertisers or publishers using their \nplatforms, personal injury, consumer protection, and other matters. As described in Note 10 to the \nconsolidated financial statements \u201cCommitments and contingencies\u201d such claims, lawsuits, \nregulatory and government investigations, other proceedings, and consent orders could result in \nadverse consequences.\nSignificant judgment is required to determine both the likelihood, and the estimated amount, of a \nloss related to such matters. Auditing management\u2019s accounting for and disclosure of loss \ncontingencies from these matters involved challenging and subjective auditor judgment in \nassessing the Company\u2019s evaluation of the probability of a loss, and the estimated amount or \nrange of loss.\nHow We \nAddressed the \nMatter in Our \nAuditWe tested relevant controls over the identified risks associated with management\u2019s accounting for \nand disclosure of these matters. This included controls over management\u2019s assessment of the \nprobability of incurrence of a loss and whether the loss or range of loss was reasonably estimable \nand the development of related disclosures.\nOur audit procedures included gaining an understanding of previous rulings and the status of \nongoing lawsuits, reviewing letters addressing the matters from internal and external legal counsel, \nmeeting with internal legal counsel to discuss the allegations, and obtaining a representation letter \nfrom management on these matters. We also evaluated the Company\u2019s disclosures in relation to \nthese matters.\n/s/ Ernst & Young LLP\nWe have served as the Company's auditor since 1999.\nSan Jose, California\nJanuary 30, 2024Table of Contents Alphabet Inc.\n49."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2a8c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 50, "chroma:document": "REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM\nTo the Stockholders and the Board of Directors of Alphabet Inc.\nOpinion on Internal Control Over Financial Reporting\nWe have audited Alphabet Inc.\u2019s internal control over financial reporting as of December 31, 2023, based on criteria \nestablished in Internal Control\u2014Integrated Framework issued by the Committee of Sponsoring Organizations of the \nTreadway Commission (2013 framework) (the COSO criteria). In our opinion, Alphabet Inc. (the Company) maintained, \nin all material respects, effective internal control over financial reporting as of December 31, 2023, based on the COSO \ncriteria.\nWe also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United \nStates) (PCAOB), the 2023 consolidated financial statements of the Company and our report dated January 30, 2024 \nexpressed an unqualified opinion thereon. \nBasis for Opinion\nThe Company\u2019s management is responsible for maintaining effective internal control over financial reporting and for its \nassessment of the effectiveness of internal control over financial reporting included in the accompanying \nManagement\u2019s Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the \nCompany\u2019s internal control over financial reporting based on our audit. We are a public accounting firm registered with \nthe PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal \nsecurities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.\nWe conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and \nperform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was \nmaintained in all material respects. \nOur audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a \nmaterial weakness exists, testing and evaluating the design and operating effectiveness of internal control based on \nthe assessed risk, and performing such other procedures as we considered necessary in the circumstances. We \nbelieve that our audit provides a reasonable basis for our opinion.\nDefinition and Limitations of Internal Control Over Financial Reporting\nA company\u2019s internal control over financial reporting is a process designed to provide reasonable assurance regarding \nthe reliability of financial reporting and the preparation of financial statements for external purposes in accordance with"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2af0-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 50, "chroma:document": "generally accepted accounting principles. A company\u2019s internal control over financial reporting includes those policies \nand procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the \ntransactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are \nrecorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting \nprinciples, and that receipts and expenditures of the company are being made only in accordance with authorizations \nof management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely \ndetection of unauthorized acquisition, use, or disposition of the company\u2019s assets that could have a material effect on \nthe financial statements.\nBecause of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. \nAlso, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become \ninadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may \ndeteriorate.\n/s/ Ernst & Young LLP\nSan Jose, California\nJanuary 30, 2024Table of Contents Alphabet Inc.\n50."}


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id: 548e2b4a-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 51, "chroma:document": "Alphabet Inc.\nCONSOLIDATED BALANCE SHEETS\n(in millions, except par value per share amounts)\nAs of December 31,\n2022 2023\nAssets\nCurrent assets:\nCash and cash equivalents $ 21,879 $ 24,048 \nMarketable securities  91,883  86,868 \nTotal cash, cash equivalents, and marketable securities  113,762  110,916 \nAccounts receivable, net  40,258  47,964 \nOther current assets  10,775  12,650 \nTotal current assets  164,795  171,530 \nNon-marketable securities  30,492  31,008 \nDeferred income taxes  5,261  12,169 \nProperty and equipment, net  112,668  134,345 \nOperating lease assets  14,381  14,091 \nGoodwill  28,960  29,198 \nOther non-current assets  8,707  10,051 \nTotal assets $ 365,264 $ 402,392 \nLiabilities and Stockholders\u2019 Equity\nCurrent liabilities:\nAccounts payable $ 5,128 $ 7,493 \nAccrued compensation and benefits  14,028  15,140 \nAccrued expenses and other current liabilities  37,866  46,168 \nAccrued revenue share  8,370  8,876 \nDeferred revenue  3,908  4,137 \nTotal current liabilities  69,300  81,814 \nLong-term debt  14,701  13,253 \nDeferred revenue, non-current  599  911 \nIncome taxes payable, non-current  9,258  8,474 \nDeferred income taxes  514  485 \nOperating lease liabilities  12,501  12,460 \nOther long-term liabilities  2,247  1,616 \nTotal liabilities  109,120  119,013 \nCommitments and Contingencies (Note 10)\nStockholders\u2019 equity:\nPreferred stock, $0.001  par value per share, 100 shares authorized; no shares \nissued and outstanding  0  0"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2ba4-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 51, "chroma:document": "issued and outstanding  0  0 \nClass A, Class B, and Class C stock and additional paid-in capital, $0.001  par value \nper share: 300,000  shares authorized (Class A 180,000 , Class B 60,000 , Class C \n60,000 ); 12,849  (Class A 5,964 , Class B 883, Class C 6,002 ) and 12,460  (Class A \n5,899 , Class B 870, Class C 5,691 ) shares issued and outstanding  68,184  76,534 \nAccumulated other comprehensive income (loss)  (7,603)  (4,402) \nRetained earnings  195,563  211,247 \nTotal stockholders\u2019 equity  256,144  283,379 \nTotal liabilities and stockholders\u2019 equity $ 365,264 $ 402,392 \nSee accompanying notes.Table of Contents Alphabet Inc.\n51."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2bfe-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 52, "chroma:document": "Alphabet Inc.\nCONSOLIDATED STATEMENTS OF INCOME\n(in millions, except per share amounts)\n Year Ended December 31,\n 2021 2022 2023\nRevenues $ 257,637 $ 282,836 $ 307,394 \nCosts and expenses:\nCost of revenues  110,939  126,203  133,332 \nResearch and development  31,562  39,500  45,427 \nSales and marketing  22,912  26,567  27,917 \nGeneral and administrative  13,510  15,724  16,425 \nTotal costs and expenses  178,923  207,994  223,101 \nIncome from operations  78,714  74,842  84,293 \nOther income (expense), net  12,020  (3,514)  1,424 \nIncome before income taxes  90,734  71,328  85,717 \nProvision for income taxes  14,701  11,356  11,922 \nNet income $ 76,033 $ 59,972 $ 73,795 \nBasic net income per share of Class A, Class B, and Class C stock $ 5.69 $ 4.59 $ 5.84 \nDiluted net income per share of Class A, Class B, and Class C stock $ 5.61 $ 4.56 $ 5.80 \nSee accompanying notes.Table of Contents Alphabet Inc.\n52."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2c62-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 53, "chroma:document": "Alphabet Inc.\nCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME\n(in millions)\n Year Ended December 31,\n 2021 2022 2023\nNet income $ 76,033 $ 59,972 $ 73,795 \nOther comprehensive income (loss):\nChange in foreign currency translation adjustment  (1,442)  (1,836)  735 \nAvailable-for-sale investments:\nChange in net unrealized gains (losses)  (1,312)  (4,720)  1,344 \nLess: reclassification adjustment for net (gains) losses included in \nnet income  (64)  1,007  1,168 \nNet change, net of income tax benefit (expense) of $394 , $1,056 , \nand $(698)  (1,376)  (3,713)  2,512 \nCash flow hedges:\nChange in net unrealized gains (losses)  716  1,275  168 \nLess: reclassification adjustment for net (gains) losses included in \nnet income  (154)  (1,706)  (214) \nNet change, net of income tax benefit (expense) of $(122) , $110 , \nand $2  562  (431)  (46) \nOther comprehensive income (loss)  (2,256)  (5,980)  3,201 \nComprehensive income $ 73,777 $ 53,992 $ 76,996 \nSee accompanying notes.Table of Contents Alphabet Inc.\n53."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2cbc-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 54, "chroma:document": "Alphabet Inc.\nCONSOLIDATED STATEMENTS OF STOCKHOLDERS\u2019 EQUITY\n(in millions)\n Class A, Class B, Class C \nStock and\nAdditional Paid-In CapitalAccumulated\nOther\nComprehensive\nIncome (Loss)Retained\nEarningsTotal\nStockholders\u2019\nEquity  Shares Amount\nBalance as of December 31, 2020  13,504 $ 58,510 $ 633 $ 163,401 $ 222,544 \nStock issued  145  12  0  0  12 \nStock-based compensation expense  0  15,539  0  0  15,539 \nTax withholding related to vesting of \nrestricted stock units and other  0  (10,273)  0  0  (10,273) \nRepurchases of stock  (407)  (2,324)  0  (47,950)  (50,274) \nSale of interest in consolidated entities  0  310  0  0  310 \nNet income  0  0  0  76,033  76,033 \nOther comprehensive income (loss)  0  0  (2,256)  0  (2,256) \nBalance as of December 31, 2021  13,242  61,774  (1,623)  191,484  251,635 \nStock issued  137  8  0  0  8 \nStock-based compensation expense  0  19,525  0  0  19,525 \nTax withholding related to vesting of \nrestricted stock units and other  0  (9,754)  0  (1)  (9,755) \nRepurchases of stock  (530)  (3,404)  0  (55,892)  (59,296) \nSale of interest in consolidated entities  0  35  0  0  35 \nNet income  0  0  0  59,972  59,972"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2d16-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 54, "chroma:document": "Other comprehensive income (loss)  0  0  (5,980)  0  (5,980) \nBalance as of December 31, 2022  12,849  68,184  (7,603)  195,563  256,144 \nStock issued  139  0  0  0  0 \nStock-based compensation expense  0  22,578  0  0  22,578 \nTax withholding related to vesting of \nrestricted stock units and other  0  (10,164)  0  9  (10,155) \nRepurchases of stock  (528)  (4,064)  0  (58,120)  (62,184) \nNet income  0  0  0  73,795  73,795 \nOther comprehensive income (loss)  0  0  3,201  0  3,201 \nBalance as of December 31, 2023  12,460 $ 76,534 $ (4,402) $ 211,247 $ 283,379 \nSee accompanying notes.Table of Contents Alphabet Inc.\n54."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 55, "chroma:document": "Alphabet Inc.\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n(in millions)\n Year Ended December 31,\n 2021 2022 2023\nOperating activities\nNet income $ 76,033 $ 59,972 $ 73,795 \nAdjustments:\nDepreciation of property and equipment  10,273  13,475  11,946 \nStock-based compensation expense  15,376  19,362  22,460 \nDeferred income taxes  1,808  (8,081)  (7,763) \n(Gain) loss on debt and equity securities, net  (12,270)  5,519  823 \nOther  1,955  3,483  4,330 \nChanges in assets and liabilities, net of effects of acquisitions:\nAccounts receivable, net  (9,095)  (2,317)  (7,833) \nIncome taxes, net  (625)  584  523 \nOther assets  (1,846)  (5,046)  (2,143) \nAccounts payable  283  707  664 \nAccrued expenses and other liabilities  7,304  3,915  3,937 \nAccrued revenue share  1,682  (445)  482 \nDeferred revenue  774  367  525 \nNet cash provided by operating activities  91,652  91,495  101,746 \nInvesting activities\nPurchases of property and equipment  (24,640)  (31,485)  (32,251) \nPurchases of marketable securities  (135,196)  (78,874)  (77,858) \nMaturities and sales of marketable securities  128,294  97,822  86,672 \nPurchases of non-marketable securities  (2,838)  (2,531)  (3,027) \nMaturities and sales of non-marketable securities  934  150  947 \nAcquisitions, net of cash acquired, and purchases of intangible assets  (2,618)  (6,969)  (495)"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2dd4-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 55, "chroma:document": "Other investing activities  541  1,589  (1,051) \nNet cash used in investing activities  (35,523)  (20,298)  (27,063) \nFinancing activities\nNet payments related to stock-based award activities  (10,162)  (9,300)  (9,837) \nRepurchases of stock  (50,274)  (59,296)  (61,504) \nProceeds from issuance of debt, net of costs  20,199  52,872  10,790 \nRepayments of debt  (21,435)  (54,068)  (11,550) \nProceeds from sale of interest in consolidated entities, net  310  35  8 \nNet cash used in financing activities  (61,362)  (69,757)  (72,093) \nEffect of exchange rate changes on cash and cash equivalents  (287)  (506)  (421) \nNet increase (decrease) in cash and cash equivalents  (5,520)  934  2,169 \nCash and cash equivalents at beginning of period  26,465  20,945  21,879 \nCash and cash equivalents at end of period $ 20,945 $ 21,879 $ 24,048 \nSupplemental disclosures of cash flow information\nCash paid for income taxes, net of refunds $ 13,412 $ 18,892 $ 19,164 \nSee accompanying notes.Table of Contents Alphabet Inc.\n55."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2e2e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 56, "chroma:document": "Alphabet Inc.\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nNote 1.    Summary of Significant Accounting Policies\nNature of Operations\nGoogle was incorporate d in California in September 1998 and re-incorporated in the State of Delaware in August \n2003. In 2015, we implemented a holding company reorganization, and as a result, Alphabet Inc. (\"Alphabet\") became \nthe successor issuer to Google.\nWe generate revenues by delivering relevant, cost-effective online advertising; cloud-based solutions that provide \nenterprise customers with infrastructure and platform services as well as communication and collaboration tools; sales \nof other products and services, such as  fees received for consumer subscription-based products, apps and in-app \npurchases, and devices .\nBasis of Consolidation\nThe consolidated financial statements of Alphabet include the accounts of Alphabet and entities consolid ated \nunder the variable interest and voting models. Intercompany balances and transactions have been eliminated.\nUse of Estimates\nPreparation of consolidated financial statements in conformity with GAAP requires us to make estimates and \nassumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. \nActual results could differ materially from these estimates due to uncertainties. On an ongoing basis, we evaluate our \nestimates, including those related to the allowance for credit losses; content licenses;  contingent liabilities; fair values \nof financial instruments and goodwill; income taxes; inventory; and useful lives of property and equipment,  among \nothers. We base our estimates on assumptions, both historical and forward looking, that are believed to be reasonable, \nand the results of which form the basis for making judgments about the carrying values of assets and liabilities.\nIn January 2023, we completed an assessment of the useful lives of our servers and network equipment and \nadjusted the estimated useful life of our servers from four years  to six years  and the estimated useful life of certain \nnetwork equipment from five years  to six years . This change in accounting estimate was effective beginning in fiscal \nyear 2023. Based on the carrying value of servers and certain network equipment as of December 31, 2022, and those \nplaced in service during the year ended December 31, 2023, the effect of this change in estimate was a reduction in"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2e88-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 56, "chroma:document": "depreciation expense of $3.9 billion  and an increase in net income of $3.0 billion , or $0.24  per basic and $0.24  per \ndiluted share,  for the year ended December 31, 2023.\nRevenue Recognition\nRevenues are recognized when control of the promised goods or services is transferred to our customers, and \nthe collectibility of an amount that we expect in exchange for those goods or services is probable.  Sales and other \nsimilar taxes are excluded from revenues. \nAdvertising Revenues\nWe generate advertising revenues primarily by delivering advertising on:\n\u2022Google Search and other properties, including revenues from traffic generated by search distribution partners \nwho use Google.com as their default search in browsers, toolbars, etc. and other Google owned and operated \nproperties like Gmail, Google Maps, and Google Play;\n\u2022YouTube properties; and\n\u2022Google Network properties, including revenues from Google Network properties participating in AdMob, \nAdSense, and Google Ad Manager.\nOur customers generally purchase advertising inventory through Google Ads, Google Ad Manager, Google \nDisplay & Video 360, and Google Marketing Platform, among others.\nWe offer advertising by delivering both performance and brand advertising. We recognize revenues for \nperformance advertising when a user engages with the advertisement . For brand advertising, we recognize revenues \nwhen the ad is displayed, or a user views the ad.\nFor ads placed on Google Network properties, we evaluate whether we are the principal  (i.e., report revenues on \na gross basis) or agent (i.e., report revenues on a net basis). Generally, we report advertising revenues for ads placed \non Google Network properties on a gross basis, that is, the amounts billed to our customers are recorded as revenues, Table of Contents Alphabet Inc.\n56."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2eec-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 57, "chroma:document": "and amounts paid to Google Network partners are recorded as cost of revenues. Where we are the principal, we \ncontrol the advertising inventory before it is transferred to our customers. Our control is evidenced by our sole ability to \nmonetize the advertising inventory before it is transferred to our customers and is further supported by us being \nprimarily responsible to our customers and having a level of discretion in establishing pricing.\nGoogle  Subscriptions, Platforms, and Device s\nGoogle subscriptions, platforms, and devices revenues consist of revenues from:\n\u2022consumer subscriptions, which primarily include revenues from YouTube services, such YouTube TV, YouTube \nMusic and Premium, and NFL Sunday Ticket, as well as Google One;\n\u2022platforms, which primarily include revenues from Google Play from the sales of apps and in-app purchases;\n\u2022devices, which primarily include sales of the Pixel family of devices; and\n\u2022other products and services.\nSubscription revenues are recognized ratably over the period of the subscription, primarily monthly . We report \nrevenues from Google Play app sales and in-app purchases on a net basis, because our performance obligation is to \nfacilitate a transaction between app developers and end users, for which we earn a service fee. \nGoogle Cloud Revenues\nGoogle Cloud revenues consist of revenues from:\n\u2022Google Cloud Platform, which generates consumption-based fees and subscriptions for infrastructure, \nplatform, and other services. These services provide access to solutions such as cybersecurity, databases, \nanalytics, and AI offerings including our AI infrastructure, Vertex AI platform, and Duet AI for Google Cloud;\n\u2022Google Workspace, which includes subscriptions for cloud-based communication and collaboration tools for \nenterprises, such as Calendar, Gmail, Docs, Drive, and Meet, with integrated features like Duet AI in Google \nWorkspace; and\n\u2022other enterprise services.\nOur cloud services are generally provided on either a consumption or subscription basis and may have contract \nterms longer than a year. Revenues related to cloud services provided on a consumption basis are recognized when \nthe customer utilizes the services, based on the quantity of services consumed. Revenues related to cloud services \nprovided on a subscription basis are recognized ratably over the contract term as the customer receives and \nconsumes the benefits of the cloud services.\nArrangements with Multiple Performance Obligations\nOur contracts with customers may include multiple performance obligations. For such arrangements, we allocate"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e2f46-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 57, "chroma:document": "revenues to each performance obligation based on its relative standalone selling price. We generally determine \nstandalone selling prices based on the prices charged to customers.\nCustomer Incentives and Credits\nCertain customers receive cash-based incentives or credits, which are accounted for as variable consideration. \nWe estimate these amounts based on the expected amount to be provided to customers and reduce revenues. We \nbelieve that there will not be significant changes to our estimates of variable consideration.\nSales Commissions\nWe expense sales commissions when incurred when the period of the expected benefit is one year or less. We \nrecognize an asset for certain sales commissions and  amortize i f the expected benefit period is greater than one year. \nThese costs are recorded within sales and marketing expenses.\nCost of Revenues\nCost of revenues consists of TAC and other costs of revenues.\n\u2022TAC includes: \n\u25e6amounts paid to our distribution partners who make available our search access points and services. \nOur distribution partners include browser providers, mobile carriers, original equipment manufacturers, \nand software developers; and\n\u25e6amounts paid to Google Network partners primarily for ads displayed on their properties.Table of Contents Alphabet Inc.\n57."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 58, "chroma:document": "\u2022Other cost of revenues includes:\n\u25e6compensation expense related to our data centers and other operations such as content review and \ncustomer and product support;\n\u25e6content acquisition costs, which are payments to content providers from whom we license video and \nother content for distribution on YouTube and Google Play (we pay fees to these content providers \nbased on revenues generated or a flat fee);\n\u25e6depreciation expense related to our technical infrastructure; and\n\u25e6inventory and other costs related to the devices we sell.\nSoftware Development  Costs\nWe expense software development costs, including costs to develop software products or the software \ncomponent of products to be sold, leased, or marketed to external users, before technological feasibility is reached. \nTechnological feasibility is typically reached shortly before the release of such products. As a result, development costs \nthat meet the criteria for capitalization were not material for the periods presented.\nSoftware development costs also include costs to develop software to be used solely to meet internal needs and \ncloud-based applications used to deliver our services. We capitalize development costs related to these software \napplications once the preliminary project stage is complete and it is probable that the project will be completed and the \nsoftware will be used to perform the function intended. Costs capitalized for developing such software applications \nwere not material for the periods presented.\nStock-based Compensation  \nStock-based compensation (SBC)  primarily consists of Alphabet restricted stock units (RSUs). RSUs are equity \nclassified and measured at the fair market value of the underlying stock at the grant date. We recognize RSU expense \nusing the straight-line attribution method over the requisite service period and account for forfeitures as they occur.\nFor RSUs, shares are issued on the vesting dates net of the applicable statutory income tax withholding to be \npaid by us on behalf of our employees. As a result, fewer shares are issued than the number of RSUs outstanding, and \nthe income tax withholding is recorded as a reduction to additional paid-in capital.\nAdditionally, SBC includes other stock-based awards, such as performance stock units (PSUs) that include \nmarket conditions and awards that may be settled in cash or the stock of certain Other Bet companies . PSUs and  \ncertain awards granted by Other Bet companies  are equity classified and expense is recognized over the requisite"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 58, "chroma:document": "service period. Certain awards granted by Other Bet companies are liability classified and remeasured at fair value \nthrough settlement. The fair value of awards granted by Other Bet companies is based on the equity valuation of the \nrespective Other Bet company.\nAdvertising and Promotional Expenses\nWe expense advertising and promotional costs in the period in which they are incurred.  For the years ended \nDecember 31, 2021 , 2022 , and 2023 , advertising and promotional expenses totaled approximately $7.9 billion , $9.2 \nbillion , and $8.7 billion , respectively.\nPerformance Fees\nPerformance fees refer to compensation arrangements with payouts based on realized returns from certain \ninvestments. We record compensation expense based on the estimated payouts on an ongoing basis, which may \nresult in expense recognized before investment returns are realized and compensation is paid and may require the use \nof unobservable inputs . Performance fees are recorded as a component of OI&E.\nFair Value Measurements \nFair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a \nliability in an orderly transaction between market participants. As such, fair value is a market-based measurement that \nis determined based on assumptions that market participants would use in pricing an asset or a liability. Assets and \nliabilities recorded at fair value are measured and classified in accordance with a three-tier fair value hierarchy based \non the observability of the inputs available in the market used to measure fair value:\nLevel 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active \nmarkets.Table of Contents Alphabet Inc.\n58."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 59, "chroma:document": "Level 2 - Inputs that are based upon quoted prices for similar instruments in active markets, quoted prices for \nidentical or similar instruments in markets that are not active, and model-based valuation techniques for which all \nsignificant inputs are observable in the market or can be derived from observable market data. Where applicable, \nthese models project future cash flows and discount the future amounts to a present value using market-based \nobservable inputs including interest rate curves, foreign exchange rates, and credit ratings.\nLevel 3 - Unobservable inputs that are supported by little or no market activities.\nThe fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of \nunobservable inputs when measuring fair value. The determination of fair value involves the use of appropriate \nvaluation methods and relevant inputs into valuation models.\nOur financial assets and liabilities that are measured at fair value on a recurring basis include cash equivalents, \nmarketable securities, derivative financial instruments, and certain non-marketable debt securities. Our financial assets \nmeasured at fair value on a nonrecurring basis include non-marketable equity securities. Other financial assets and \nliabilities are carried at cost with fair value disclosed, if required.\nWe measure certain other instruments, including SBC awards settled in the stock of O ther Bet companies, and \ncertain assets and liabilities acquired in a business combination, also at fair value on a nonrecurring basis. \nFinancial Instruments\nOur financial instruments include cash, cash equivalents, marketable and non-marketable securities, derivative \nfinancial instruments and accounts receivable.\nCredit Risks\nWe are subject to credit risk primarily from cash equivalents, marketable debt securities, derivative financial \ninstruments, including foreign exchange contracts, and accounts receivable.  We manage our credit risk exposure \nthrough timely assessment of our counterparty creditworthiness, credit limits and use of collateral management. \nForeign exchange contracts are transacted with various financial institutions with high credit standing. Accounts \nreceivable are typically unsecured and are derived from revenues earned from customers located around the world. \nWe manage our credit risk exposure by performing ongoing evaluations to determine customer credit and we limit the \namount of credit we extend. We generally do not require collateral from our customers.\nCash Equivalents\nWe invest excess cash primarily in government bonds, corporate debt securities, mortgage-backed and asset-\nbacked securities, time deposits, and money market funds."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 59, "chroma:document": "backed securities, time deposits, and money market funds.\nMarketable Securities\nWe classify all marketable debt securities that have effective maturities of three months or less from the date of \npurchase as cash equivalents and those with effective maturities of greater than three months as marketable securities \non our Consolidated Balance Sheets. We determine the appropriate classification of our investments in marketable \ndebt securities at the time of purchase and reevaluate such designation at each balance sheet date. We have \nclassified and accounted for our marketable debt securities as available-for-sale. After consideration of our risk versus \nreward objectives, as well as our liquidity requirements, we may sell these debt securities prior to their effective \nmaturities. As we view these securities as available to support current operations, we classify highly liquid securities \nwith maturities beyond 12 months as current assets under the caption marketable securities on the Consolidated \nBalance Sheets. We carry these securities at fair value, and report the unrealized gains and losses, net of taxes, as a \ncomponent of stockholders\u2019 equity, except for the changes in allowance for expected credit losses, which are recorded \nin OI&E. For certain marketable debt securities we have elected the fair value option, for which changes in fair value \nare recorded in OI&E. We determine any realized gains or losses on the sale of marketable debt securities on a \nspecific identification method, and we record such gains and losses as a component of OI&E .\nOur investments in marketable equity securities are measured at fair value with the related gains and losses, \nincluding unrealized, recognized in OI&E.  We classify our marketable equity securities subject to long-term lock-up \nrestrictions beyond 12 months as other non-current assets on the Consolidated Balance Sheets.\nNon-Marketable Securities\nNon-marketable securities primarily consist of equity securities . We account for non-marketable equity securities \nthrough which we exercise significant influence but do not have control over the investee under the equity method. All \nother non-marketable equity securities that we hold are primarily accounted for under the measurement alternative. \nUnder the measurement alternative, the carrying value is measured at cost, less any impairment, plus or minus Table of Contents Alphabet Inc.\n59."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 60, "chroma:document": "changes resulting from observable price changes in orderly transactions for identical or similar investments of the \nsame issuer.  Adjustments are determined primarily based on a market approach  as of the transaction date and are \nrecorded as a component of OI&E.\nNon-marketable securities that do not have effective contractual maturity dates are classified as other non-\ncurrent assets on the Consolidated Balance Sheets.\nDerivative Financial Instruments\nSee Note 3  for the accounting policy pertaining to derivative financial instruments. \nAccounts Receivable\nOur payment terms for accounts receivable vary by the types and locations of our customers and the products or \nservices offered. The term between invoicing and when payment is due is not significant. For certain products or \nservices and customers, we require payment before the products or services are delivered to the customer. \nAdditionally, accounts receivable includes amounts for services performed in advance of the right to invoice the \ncustomer.\nWe maintain an allowance for credit losses for accounts receivable, which is recorded as an offset to accounts \nreceivable, and changes in such are classified as general and administrative expense in the Consolidated Statements \nof Income. We assess collectibility by reviewing accounts receivable on a collective basis where similar characteristics \nexist and on an individual basis when we identify specific customers with known disputes or collectibility issues. In \ndetermining the amount of the allowance for credit losses, we consider historical collectibility based on past due status \nand make judgments about the creditworthiness of customers based on ongoing credit evaluations. We also consider \ncustomer-specific information, current market conditions, and reasonable and supportable forecasts of future economic \nconditions.\nOther\nOur financial instruments also include debt and equity investments in companies with which we also entered into \ncommercial arrangements at or near the same time.  For these transactions, judgment is required in assessing the \nsubstance of the arrangements, including assessing whether the components of the arrangements should be \naccounted for as separate transactions under the applicable GAAP, and determining the value of the components of \nthe arrangements, including the fair value of the investments. Additionally, if our investment in such companies \nbecomes impaired, any remaining performance obligations would be reassessed and may be reduced.\nImpairment of Investments\nWe periodically review our debt and non-marketable equity securities for impairment."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 60, "chroma:document": "We periodically review our debt and non-marketable equity securities for impairment. \nFor debt securities in an unrealized loss position, we determine whether a credit loss exists. The credit loss is \nestimated by considering available information relevant to the collectibility of the security and information about past \nevents, current conditions, and reasonable and supportable forecasts. Any credit loss is recorded as a charge to OI&E, \nnot to exceed the amount of the unrealized loss. Unrealized losses other than the credit loss are recognized in AOCI. If \nwe have an intent to sell, or if it is more likely than not that we will be required to sell a debt security in an unrealized \nloss position before recovery of its amortized cost basis, we will write down the security to its fair value and record the \ncorresponding charge as a component of OI&E. \nFor non-marketable equity securities, including equity method investments, we consider whether impairment \nindicators exist by evaluating the companies' financial and liquidity position and access to capital resources, among \nother indicators. If the assessment indicates that the investment is impaired, we write down the investment to its fair \nvalue by recording the corresponding charge as a component of OI&E. We prepare quantitative measurements of the \nfair value of our equity investments using a market approach or an income approach.\nInventory\nInventory consists primarily of finished goods and is stated at the lower of cost and net realizable value. Cost is \ncomputed using the first-in, first-out method.\nVariable Interest Entities\nWe determine at the inception of each arrangement whether an entity in which we have made an investment or in \nwhich we have other variable interests is considered a variable interest entity (VIE). We consolidate VIEs when we are \nthe primary beneficiary. We are the primary beneficiary of a VIE when we have the power to direct activities that most \nsignificantly affect the economic performance of the VIE and have the obligation to absorb the majority of their losses Table of Contents Alphabet Inc.\n60."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 61, "chroma:document": "or benefits. If we are not the primary beneficiary in a VIE, we account for the investment or other variable interests in a \nVIE in accordance with applicable GAAP.\nPeriodically, we assess whether any changes in our interest or relationship with the entity affect our determination \nof whether the entity is a VIE and, if so, whether we are the primary beneficiary. \nProperty and Equipment\nProperty and equipment includes the following categories: land and buildings, information technology assets, \nconstruction in progress, leasehold improvements, and furniture and fixtures. Land and buildings include land, offices, \ndata centers, and related building improvements. Information technology assets include servers and network \nequipment. Construction in progress is the construction or development of property and equipment that have not yet \nbeen placed in service. \nProperty and equipment are stated at cost less accumulated depreciation. Depreciation is recorded using the \nstraight-line method over the estimated useful lives of the assets, which we regularly evaluate. Land is not depreciated. \nWe depreciate buildings over periods of seven  to 25 years . We depreciate information technology assets generally \nover a period of six years  for servers and network equipment.  We depreciate leasehold improvements over the shorter \nof the remaining lease term or the estimated useful lives of the assets. Depreciation for buildings, information \ntechnology assets, leasehold improvements, and furniture and fixtures commences once they are ready for our \nintended use.\nGoodwill\nWe allocate goodwill to reporting units based on the expected benefit from the business combination. We \nevaluate our reporting units periodically, as well as when changes in our operating segments occur. For changes in \nreporting units, we reassign goodwill using a relative fair value allocation approach. We test our goodwill for \nimpairment at least annually, or more frequently if events or changes in circumstances indicate that the asset may be \nimpaired. Goodwill impairments were not material for the periods presented.\nLeases\nWe determine if an arrangement is a lease at inception. Our lease agreements generally contain lease and non-\nlease components. Payments under our lease arrangements are primarily fixed. Non-lease components primarily \ninclude payments for maintenance and utilities. We combine fixed payments for non-lease components with lease \npayments and account for them together as a single lease component which increases the amount of our lease assets \nand liabilities."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 61, "chroma:document": "and liabilities.\nCertain lease agreements contain variable payments, which are expensed as incurred and not included in the \nlease assets and liabilities. These amounts  primarily  include  payments affected by the Consumer Price Index, and \npayments for maintenance and utilities.\nLease assets and liabilities are recognized at the present value of the future lease payments at the lease \ncommencement date. The interest rate used to determine the present value of the future lease payments is our \nincremental borrowing rate, because the interest rate implicit in our leases is not readily determinable. Our incremental \nborrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, \nand in economic environments where the leased asset is located. Our lease terms include periods under options to \nextend or terminate the lease when it is reasonably certain that we will exercise that option. We generally use the \nbase, non-cancelable, lease term when determining the lease assets and liabilities. Lease assets also include any \nprepaid lease payments and lease incentives.\nOperating lease assets and liabilities are included on our Consolidated Balance Sheets. The current portion of our \noperating lease liabilities is included in accrued expenses and other current liabilities, and the long-term portion is \nincluded in operating lease liabilities. Finance lease assets are included in property and equipment, net. Finance lease \nliabilities are included in accrued expenses and other current liabilities or long-term debt.\nOperating lease expense (excluding variable lease costs) is recognized on a straight-line basis over the lease \nterm.\nImpairment of Long-Lived Assets\nWe review lease s, property and equipment, and intangible assets,  excluding goodwill, for impairment when \nevents or changes in circumstances indicate the carrying amount may not be recoverable. The evaluation is performed \nat the lowest level of identifiable cash flows independent of other assets. We measure recoverability of these assets by \ncomparing the carrying amounts to the future undiscounted cash flows that the assets or the asset group are expected Table of Contents Alphabet Inc.\n61."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 62, "chroma:document": "to generate. If the carrying value of the assets or asset group is not recoverable, the impairment recognized is \nmeasured as the amount by which the carrying value exceeds its fair value. \nIncome T axes\nWe account for income taxes using the asset and liability method, under which we recognize the amount of taxes \npayable or refundable for the current year and deferred tax assets and liabilities for the future tax consequences of \nevents that have been recognized in our financial statements or tax returns. We measure current and deferred tax \nassets and liabilities based on provisions of enacted tax law. We evaluate the likelihood of future realization  of our \ndeferred tax assets based on all available evidence and establish a valuation allowance to reduce deferred tax assets \nwhen it is more likely than not that they will not be realized or release a valuation allowance to increase deferred tax \nassets when it is more likely than not that they will be realized. We have elected to account for the tax effects of the \nglobal intangible low tax Income provision as a current period expense.\nWe recognize the financial statement effects of a tax position when it is more likely than not that, based on \ntechnical merits, the position will be sustained upon examination. The tax benefits of the position recognized in the \nfinancial statements are then measured based on the largest amount of benefit that is greater than 50% likely to be \nrealized upon settlement with a taxing authority. In addition, we recognize interest and penalties related to \nunrecognized tax benefits as a component of the income tax provision.\nBusiness Combinations\nWe include the results of operations of the businesses that we acquire as of the acquisition date. We allocate the \npurchase price of the acquisitions to the assets acquired and liabilities assumed based on their estimated fair values, \nexcept for revenue contracts acquired, which are recognized in accordance with our revenue recognition policy. The \nexcess of the purchase price over the fair values of identifiable assets and liabilities is recorded as goodwill. \nAcquisition-related expenses are recognized separately from the business combination and are expensed as incurred.\nForeign Currency\nWe translate the financial statements of our international subsidiaries to U.S. dollars using month-end exchange \nrates for assets and liabilities, and average rates for the annual period derived from month-end exchange rates for \nrevenues, costs, and expenses. We record translation gains and losses in AOCI as a component of stockholders\u2019"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 62, "chroma:document": "equity. We reflect net foreign exchange transaction gains and losses resulting from the conversion of the transaction \ncurrency to functional currency as a component of foreign currency exchange gain (loss) in OI&E .\nRecent  Accounting Pronouncements\nIn November 2023, the Financial Standards Accounting Board (FASB) issued Accounting Standards Update \n(ASU) 2023-07 \"Segment Reporting (Topic 280):Improvements to Reportable Segment Disclosures\" which expands \nannual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about \nsignificant segment expenses. ASU 2023-07  is effective for our annual periods beginning  January 1, 2024, and for \ninterim periods beginning January 1, 2025, with early adoption permitted. We  are currently evaluating the potential \neffect that the updated standard will have on our financial statement disclosures.\nIn December 2023, the FASB issued ASU 2023-09 \"Income Taxes (Topics 740): Improvements to Income Tax \nDisclosures\"  to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and \nincome taxes paid. ASU 2023-09  is effective for our annual periods beginning J anuary 1, 2025, with early adoption \npermitted. W e are currently evaluating the potential effect that the updated standard will have on our financial \nstatement disclosures.\nPrior Period Reclassifications\nCertain amounts in prior periods have been reclassified to conform with current period presentation.Table of Contents Alphabet Inc.\n62."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 63, "chroma:document": "Note 2.    Revenues  \nDisaggregated Revenues\nThe following table presents revenues disaggregated by type (in millions):\nYear Ended December 31,\n2021 2022 2023\nGoogle Search & other $ 148,951 $ 162,450 $ 175,033 \nYouTube ads  28,845  29,243  31,510 \nGoogle Network  31,701  32,780  31,312 \nGoogle advertising  209,497  224,473  237,855 \nGoogle subscriptions, platforms, and devices  28,032  29,055  34,688 \nGoogle Services total  237,529  253,528  272,543 \nGoogle Cloud  19,206  26,280  33,088 \nOther Bets  753  1,068  1,527 \nHedging gains (losses)  149  1,960  236 \nTotal revenues $ 257,637 $ 282,836 $ 307,394 \nNo individual customer or groups of affiliated customers represented more than 10% of our revenues in 2021 , \n2022 , or 2023 . \nThe following table presents revenues disaggregated by geography, based on the addresses of our customers (in \nmillions):\nYear Ended December 31,\n 2021 2022 2023\nUnited States $ 117,854  46 % $ 134,814  48 % $ 146,286  47 %\nEMEA(1) 79,107  31  82,062  29  91,038  30 \nAPAC(1) 46,123  18  47,024  16  51,514  17 \nOther Americas(1) 14,404  5  16,976  6  18,320  6 \nHedging gains (losses)  149  0  1,960  1  236  0 \nTotal revenues $ 257,637  100 % $ 282,836  100 % $ 307,394  100 %"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 63, "chroma:document": "(1)Regions represent Europe, the Middle East, and Africa (EMEA); Asia-Pacific (APAC); and Canada and Latin America (\"Other \nAmericas\").\nRevenue Backlog\nAs of December 31, 2023 , we had $74.1 billion  of remaining performance obligations (\u201crevenue backlog\u201d), \nprimarily related to Google Cloud. Our revenue backlog represents commitments in customer contracts for future \nservices that have not yet been recognized as revenue. The estimated revenue backlog and timing of revenue \nrecognition for these commitments is largely driven by our ability to deliver in accordance with relevant contract terms \nand when our customers utilize services . We expect to recognize approximately half of the revenue backlog as \nrevenues over the next 24 months  with the remaining to be recognized thereafter. Revenue backlog includes related \ndeferred revenue currently recorded as well as amounts that will be invoiced in future periods, and excludes contracts \nwith an original expected term of one year or less and cancellable contracts.\nDeferred Revenues\nWe record deferred revenues when cash payments are received or due in advance of our performance, including \namounts which are refundable. Deferred revenues primarily relate to Google Cloud and Google subscriptions, \nplatforms, and devices . Total deferred revenue as of December 31, 2022  was $4.5 billion , of which $2.4 billion  was \nrecognized as revenues for the year ended December 31, 2023 .\nNote 3.    Financial Instruments  \nFair Value Measurements\nInvestments Measured at Fair Value on a Recurring Basis\nCash, cash equivalents, and marketable equity securities are measured at fair value and classified within Level 1 Table of Contents Alphabet Inc.\n63."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 64, "chroma:document": "and Level 2 in the fair value hierarchy, because we use quoted prices for identical assets in active markets or inputs \nthat are based upon quoted prices for similar instruments in active markets.\nDebt securities are measured at fair value and classified within Level 2 in the fair value hierarchy, because we use \nquoted market prices to the extent available or alternative pricing sources and models utilizing market observable \ninputs to determine fair value. For certain marketable debt securities, we have elected the fair value option for which \nchanges in fair value are recorded in OI&E. The fair value option was elected for these securities to align with the \nunrealized gains and losses from related derivative contracts.\nThe following tables summarize our cash, cash equivalents, and marketable securities measured at fair value on \na recurring basis (in millions):\nAs of December 31, 2022\nFair Value \nHierarchyAdjusted \nCostGross \nUnrealized \nGainsGross \nUnrealized \nLosses Fair ValueCash and \nCash \nEquivalentsMarketable \nSecurities\nFair value changes \nrecorded in other \ncomprehensive income\nTime deposits Level 2 $ 5,297 $ 0 $ 0 $ 5,297 $ 5,293 $ 4 \nGovernment bonds Level 2 41,036  64  (2,045)  39,055  283  38,772 \nCorporate debt securities Level 2 28,578  8  (1,569)  27,017  1  27,016 \nMortgage-backed and \nasset-backed securities Level 2 16,176  5  (1,242)  14,939  0  14,939 \nTotal investments with \nfair value change \nreflected in other \ncomprehensive \nincome(1)$ 91,087 $ 77 $ (4,856) $ 86,308 $ 5,577 $ 80,731 \nFair value adjustments \nrecorded in net income\nMoney market funds Level 1 $ 7,234 $ 7,234 $ 0 \nCurrent marketable \nequity securities(2)Level 1\n 4,013  0  4,013"}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 64, "chroma:document": "4,013  0  4,013 \nMutual funds Level 2  339  0  339 \nGovernment bonds Level 2  1,877  440  1,437 \nCorporate debt securities Level 2  3,744  65  3,679 \nMortgage-backed and \nasset-backed securitiesLevel 2\n 1,686  2  1,684 \nTotal investments with \nfair value change \nrecorded in net \nincome $ 18,893 $ 7,741 $ 11,152 \nCash  0  8,561  0 \nTotal $ 91,087 $ 77 $ (4,856) $ 105,201 $ 21,879 $ 91,883 \n(1)Represents gross unrealized gains and losses for debt securities recorded to AOCI.\n(2)The long-term portion of marketable equity securities (subject to long-term lock-up restrictions) of $803 million  as of \nDecember 31, 2022  is included within other non-current assets.Table of Contents Alphabet Inc.\n64."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 65, "chroma:document": "As of December 31, 2023\nFair Value \nHierarchyAdjusted \nCostGross \nUnrealized \nGainsGross \nUnrealized \nLosses Fair ValueCash and \nCash \nEquivalentsMarketable \nSecurities\nFair value changes \nrecorded in other \ncomprehensive income\nTime deposits Level 2 $ 2,628 $ 0 $ 0 $ 2,628 $ 2,628 $ 0 \nGovernment bonds Level 2  38,106  233  (679)  37,660  1,993  35,667 \nCorporate debt securities Level 2  22,457  112  (637)  21,932  0  21,932 \nMortgage-backed and \nasset-backed securities Level 2 17,243  88  (634)  16,697  0  16,697 \nTotal investments with \nfair value change \nreflected in other \ncomprehensive \nincome(1)$ 80,434 $ 433 $ (1,950) $ 78,917 $ 4,621 $ 74,296 \nFair value adjustments \nrecorded in net income\nMoney market funds Level 1 $ 6,480 $ 6,480 $ 0 \nCurrent marketable \nequity securities(2)Level 1 4,282  0 4,282\nMutual funds Level 2 311  0 311\nGovernment bonds Level 2 1,952  347 1,605\nCorporate debt securities Level 2 3,782  91 3,691\nMortgage-backed and \nasset-backed securitiesLevel 2\n2,683  0 2,683\nTotal investments with \nfair value change \nrecorded in net \nincome $ 19,490 $ 6,918 $ 12,572 \nCash  0  12,509  0 \nTotal $ 80,434 $ 433 $ (1,950) $ 98,407 $ 24,048 $ 86,868 \n(1)Represents gross unrealized gains and losses for debt securities recorded to AOCI."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e35d6-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 65, "chroma:document": "(2)The long-term portion of marketable equity securities (subject to long-term lock-up restrictions) of $1.4 billion  as of \nDecember 31, 2023  is included within other non-current assets.\nInvestments Measured at Fair Value on a Nonrecurring Basis\nOur non-marketable equity securities are investments in privately held companies without readily determinable \nmarket values. The carrying value of our non-marketable equity securities is adjusted to fair value upon observable \ntransactions for identical or similar investments of the same issuer or impairment. Non-marketable equity securities \nthat have been remeasured during the period based on observable transactions are classified within Level 2 or Level 3 \nin the fair value hierarchy because we estimate the value based on valuation methods, including option  pricing models, \nmarket comparable approach, and common stock equivalent method,  which may include a combination of the \nobservable transaction price at the transaction date and other unobservable inputs including volatility,  expected time to \nexit, risk free rate, and the rights, and obligations of the securities we hold.  These inputs significantly vary based on \ninvestment type. The fair value of non-marketable equity securities that have been remeasured due to impairment are \nclassified within Level 3.\nAs of  December 31, 2023 , the carrying value of our non-marketable equity securities was $28.8 billion , of which \n$13.7 billion  were remeasured at fair value during the year ended December 31, 2023 , and primarily classified within \nLevel 2 of the fair value hierarchy at the time of measurement. Table of Contents Alphabet Inc.\n65."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3630-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 66, "chroma:document": "Debt Securities\nThe following table summarizes the estimated fair value of investments in available-for-sale marketable debt \nsecurities by effective contractual maturity dates (in millions):\nAs of December 31, \n2023\nDue in one year or less $ 11,231 \nDue in one year through five years  41,477 \nDue in five years through 10 years  15,351 \nDue after 10 years  14,216 \nTotal $ 82,275 \nThe following tables present fair values and gross unrealized losses recorded to AOCI, aggregated by \ninvestment category and the length of time that individual securities have been in a continuous loss position (in \nmillions):\n As of December 31, 2022\n Less than 12 Months 12 Months or Greater Total\n Fair ValueUnrealized\nLoss Fair ValueUnrealized\nLoss Fair ValueUnrealized\nLoss\nGovernment bonds $ 21,039 $ (1,004) $ 13,438 $ (1,041) $ 34,477 $ (2,045) \nCorporate debt securities  11,228  (440)  15,125  (1,052)  26,353  (1,492) \nMortgage-backed and asset-backed \nsecurities  7,725  (585)  6,964  (657)  14,689  (1,242) \nTotal $ 39,992 $ (2,029) $ 35,527 $ (2,750) $ 75,519 $ (4,779) \n As of December 31, 2023\n Less than 12 Months 12 Months or Greater Total\n Fair ValueUnrealized\nLoss Fair ValueUnrealized\nLoss Fair ValueUnrealized\nLoss\nGovernment bonds $ 1,456 $ (22) $ 13,897 $ (657) $ 15,353 $ (679) \nCorporate debt securities  827  (5)  15,367  (592)  16,194  (597) \nMortgage-backed and asset-backed \nsecurities  2,945  (26)  7,916  (608)  10,861  (634)"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e368a-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 66, "chroma:document": "Total $ 5,228 $ (53) $ 37,180 $ (1,857) $ 42,408 $ (1,910) \nWe determine realized gains or losses on the sale or extinguishment of debt securities on a specific identification \nmethod. The following table summarizes gains and losses for debt securities, reflected as a component of OI&E (in \nmillions): \nYear Ended December 31,\n 2021 2022 2023\nUnrealized gain (loss) on fair value option debt securities $ (122) $ (557) $ 386 \nGross realized gain on debt securities  432  103  182 \nGross realized loss on debt securities  (329)  (1,588)  (1,833) \n(Increase) decrease in allowance for credit losses  (91)  (22)  50 \nTotal gain (loss) on debt securities recognized in other income \n(expense), net $ (110) $ (2,064) $ (1,215) Table of Contents Alphabet Inc.\n66."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e36e4-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 67, "chroma:document": "Equity Investments\nThe carrying value of equity securities is measured as the total initial cost plus the cumulative net gain (loss). \nGains and losses, including impairments , are included as a component of OI&E in the Consolidated Statements of \nIncome. See  Note 7  for further details on OI&E.\nThe carrying values for marketable and non-marketable equity securities are summarized below (in millions):\nAs of December 31, 2022 As of December 31, 2023\nMarketable \nEquity \nSecuritiesNon-Marketable \nEquity \nSecurities TotalMarketable \nEquity \nSecuritiesNon-Marketable \nEquity \nSecurities Total\nTotal initial cost $ 5,764 $ 16,157 $ 21,921 $ 5,418 $ 17,616 $ 23,034 \nCumulative net \ngain (loss)(1) (608)  12,372  11,764  555  11,150  11,705 \nCarrying value $ 5,156 $ 28,529 $ 33,685 $ 5,973 $ 28,766 $ 34,739 \n(1)Non-marketable equity securities cumulative net gain (loss) is comprised of $16.8 billion  gains and $4.5 billion  losses \n(including impairments) as of December 31, 2022  and $18.1 billion  gains and $6.9 billion  losses (including impairments) as of \nDecember 31, 2023 .\nGains and Losses on Marketable and Non-marketable Equity Securities\nGains and losses (including impairments), net, for marketable and non-marketable equity securities included in \nOI&E are summarized below (in millions):\nYear Ended December 31,\n 2021 2022 2023\nRealized net gain (loss) on equity securities sold during the \nperiod $ 1,196 $ (442) $ 690 \nUnrealized net gain (loss) on marketable equity securities  1,335  (3,242)  790 \nUnrealized net gain (loss) on non-marketable equity securities(1) 9,849  229  (1,088)"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3748-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 67, "chroma:document": "Total gain (loss) on equity securities in other income \n(expense), net $ 12,380 $ (3,455) $ 392 \n(1)Unrealized gain (loss) on non-marketable equity securities accounted for under the measurement alternative is comprised of \n$10.0 billion , $3.3 billion , and $1.8 billion  of upward adjustments as of December 31, 2021 , 2022 , and 2023 , respectively, and \n$122 million , $3.0 billion , and $2.9 billion  of downward adjustments (including impairments) as of December 31, 2021 , 2022 , \nand 2023 , respectively.\nIn the table above, realized net gain (loss) on equity securities sold during the period reflects the difference \nbetween the sale proceeds and the carrying value of the equity securities at the beginning of the period or the \npurchase date, if later.\nCumulative net gains (losses) on equity securities sold during the period, which is summarized in the following \ntable (in millions), represents the total net gains (losses) recognized after the initial purchase date of the equity security \nsold during the period. While these net gains (losses) may have been reflected in periods prior to the period of sale, we \nbelieve they are important supplemental information as they reflect the economic net gains (losses) on the securities \nsold during the period. Cumulative net gains (losses) are calculated as the difference between the sale price and the \ninitial purchase price for the equity security sold during the period.\nEquity Securities Sold During the Year \nEnded December 31,\n 2022 2023\nTotal sale price $ 1,784 $ 1,981 \nTotal initial cost  937  1,512 \nCumulative net gains (losses) $ 847 $ 469 \nEquity  Securities Accounted for Under the Equity Method\nAs of December 31, 2022  and 2023 , equity securities accounted for under the equity method had a carrying value \nof approximately $1.5 billion  and $1.7 billion , respectively. Our share of gains and losses, including impairments, are"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e37a2-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 67, "chroma:document": "included as a component of OI&E, in the Consolidated Statements of Income. See Note 7  for further details on OI&E.  Table of Contents Alphabet Inc.\n67."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e37fc-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 68, "chroma:document": "Derivative Financial Instruments\nWe use derivative instruments to manage risks relating to our ongoing business operations. The primary risk \nmanaged is foreign exchange risk. We use foreign currency contracts to reduce the risk that our cash flows, earnings, \nand investment in foreign subsidiaries will be adversely affected by foreign currency exchange rate fluctuations. We \nalso enter into derivative instruments to partially offset our exposure to other risks and enhance investment returns.\nWe recognize derivative instruments in the Consolidated Balance Sheets at fair value and classify the derivatives \nprimarily within Level 2 in the fair value hierarchy. We present our collar contracts (an option strategy comprised of a \ncombination of purchased and written options) at net fair values and present all other derivatives at gross fair values. \nThe accounting treatment for derivatives is based on the intended use and hedge designation.\nCash Flow Hedges\nWe designate foreign currency forward and option contracts (including collars) as cash flow hedges to hedge \ncertain forecasted revenue transactions denominated in currencies other than the U.S. dollar. These contracts have \nmaturities of 24 months  or less.\nCash flow hedge amounts included in the assessment of hedge effectiveness are deferred in AOCI and \nsubsequently reclassified to revenue when the hedged item is recognized in earnings. We exclude forward points and \ntime value from our assessment of hedge effectiveness and amortize them on a straight-line basis over the life of the \nhedging instrument in revenues. The difference between fair value changes of the excluded component and the \namount amortized to revenues is recorded in AOCI.\nAs of December 31, 2023 , the net accumulated gain on our foreign currency cash flow hedges before tax effect \nwas $47 million , which is expected to be reclassified from AOCI into revenues within the next 12 months.\nFair Value Hedges\nWe designate foreign currency forward contracts as fair value hedges to hedge foreign currency risks for our \nmarketable securities denominated in currencies other than the U.S. dollar. Fair value hedge amounts included in the \nassessment of hedge effectiveness are recognized in OI&E, along with the offsetting gains and losses of the related \nhedged items. We exclude forward points from the assessment of hedge effectiveness and recognize changes in the \nexcluded component in OI&E.\nNet Investment Hedges\nWe designate foreign currency forward contracts as net investment hedges to hedge the foreign currency risks"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3874-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 68, "chroma:document": "related to our investment in foreign subsidiaries. Net investment hedge amounts included in the assessment of hedge \neffectiveness are recognized in AOCI along with the foreign currency translation adjustment. We exclude forward \npoints from the assessment of hedge effectiveness and recognize changes in the excluded component in OI&E.\nOther Derivatives\nWe enter into foreign currency forward and option contracts that are not designated as hedging instruments to \nhedge intercompany transactions and other monetary assets or liabilities denominated in currencies other than the \nfunctional currency of a subsidiary. Gains and losses on these derivatives that are not designated as accounting \nhedges are primarily recorded in OI&E along with the foreign currency gains and losses on monetary assets and \nliabilities.\nWe also use derivatives not designated as hedging instruments to manage risks relating to interest rates, \ncommodity prices, credit exposures, and to enhance investment returns.  From time to time, we enter into derivatives to \nhedge the market price risk on certain of our marketable equity securities. Gains and losses arising from other \nderivatives are primarily reflected within the \u201cother\u201d component of OI&E. See Note 7  for further details. Table of Contents Alphabet Inc.\n68."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e38d8-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 69, "chroma:document": "The gross notional amounts of outstanding derivative instruments were as follows (in millions):\nAs of December 31,\n2022 2023\nDerivatives designated as hedging instruments:\nForeign exchange contracts\nCash flow hedges  $ 15,972 $ 18,039 \nFair value hedges $ 2,117 $ 2,065 \nNet investment hedges $ 8,751 $ 9,472 \nDerivatives not designated as hedging instruments:\nForeign exchange contracts $ 34,979 $ 39,722 \nOther contracts $ 7,932 $ 10,818 \nThe fair values of outstanding derivative instruments were as follows (in millions):\n As of December 31, 2022 As of December 31, 2023\n Assets(1)Liabilities(2)Assets(1)Liabilities(2)\nDerivatives designated as hedging instruments:\n     Foreign exchange contracts $ 271 $ 556 $ 205 $ 242 \nDerivatives not designated as hedging \ninstruments:\n     Foreign exchange contracts  365  207  134  156 \n     Other contracts  40  47  114  47 \nTotal derivatives not designated as hedging \ninstruments  405  254  248  203 \nTotal $ 676 $ 810 $ 453 $ 445 \n(1) Derivative assets are recorded as other current and non-current assets in the Consolidated Balance Sheets.\n(2) Derivative liabilities are recorded as accrued expenses and other liabilities, current and non-current in the Consolidated \nBalance Sheets.\nThe gains (losses)  on derivatives in cash flow hedging and net investment hedging relationships recognized in \nother comprehensive income (OCI) are summarized below (in millions):\n Year Ended December 31,\n2021 2022 2023\nDerivatives in cash flow hedging relationship:\nForeign exchange contracts\nAmount included in the assessment of effectiveness $ 806 $ 1,699 $ 90 \nAmount excluded from the assessment of \neffectiveness  48  (188)  84 \nDerivatives in net investment hedging relationship:\nForeign exchange contracts\nAmount included in the assessment of effectiveness  754  608  (287)"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 69, "chroma:document": "Total $ 1,608 $ 2,119 $ (113) Table of Contents Alphabet Inc.\n69."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e398c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 70, "chroma:document": "The table below presents the gains (losses) of our derivatives on the Consolidated Statements of Income: (in \nmillions):\nYear Ended December 31,\n2021 2022 2023\nRevenuesOther \nincome \n(expense), \nnet RevenuesOther \nincome \n(expense), \nnet RevenuesOther \nincome \n(expense), \nnet\nTotal amounts in the Consolidated Statements of \nIncome $ 257,637 $ 12,020 $ 282,836 $ (3,514) $ 307,394 $ 1,424 \nEffect of cash flow hedges:\nForeign exchange contracts\nAmount reclassified from AOCI to income $ 165 $ 0 $ 2,046 $ 0 $ 213 $ 0 \nAmount excluded from the assessment of \neffectiveness (amortized)  (16)  0  (85)  0  24  0 \nEffect of fair value hedges:\nForeign exchange contracts\nHedged items  0  (95)  0  (162)  0  59 \nDerivatives designated as hedging \ninstruments  0  95  0  163  0  (59) \nAmount excluded from the assessment of \neffectiveness  0  8  0  16  0  15 \nEffect of net investment hedges:\nForeign exchange contracts\nAmount excluded from the assessment of \neffectiveness  0  82  0  171  0  187 \nEffect of non designated hedges:\nForeign exchange contracts  0  (860) 0 (395)  0  7 \nOther contracts  0  101  0  144  0  53 \nTotal gains (losses) $ 149 $ (669) $ 1,961 $ (63) $ 237 $ 262 \nOffsetting of Derivatives\nWe enter into master netting arrangements and collateral security arrangements to reduce credit risk. Cash \ncollateral received related to derivative instruments under our collateral security arrangements are included in other \ncurrent assets  with a corresponding liability . Cash and non-cash collateral pledged related to derivative instruments"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e39e6-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 70, "chroma:document": "under our collateral security arrangements are included in other current assets .Table of Contents Alphabet Inc.\n70."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3a40-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 71, "chroma:document": "The gross amounts of derivative instruments subject to master netting arrangements with various \ncounterparties, and cash and non-cash collateral received and pledged under such agreements were as follows (in \nmillions):\nAs of December 31, 2022\nGross Amounts Not Offset in \nthe Consolidated Balance \nSheets, but Have Legal Rights \nto Offset\nGross \nAmounts \nRecognizedGross \nAmounts \nOffset in the \nConsolidated \nBalance \nSheetsNet Amounts  \nPresented in \nthe \nConsolidated \nBalance \nSheetsFinancial \nInstruments(1)Cash and \nNon-Cash \nCollateral \nReceived or \nPledged Net Amounts\nDerivatives assets $ 760 $ (84) $ 676 $ (463) $ (132) $ 81 \nDerivatives liabilities $ 894 $ (84) $ 810 $ (463) $ (28) $ 319 \nAs of December 31, 2023\nGross Amounts Not Offset in \nthe Consolidated Balance \nSheets, but Have Legal Rights \nto Offset\nGross \nAmounts\nRecognizedGross \nAmounts \nOffset in the \nConsolidated \nBalance \nSheetsNet Amounts \nPresented in \nthe \nConsolidated \nBalance \nSheetsFinancial \nInstruments(1)Cash and \nNon-Cash \nCollateral \nReceived or \nPledged Net Amounts\nDerivatives assets $ 535 $ (82) $ 453 $ (213) $ (75) $ 165 \nDerivatives liabilities $ 527 $ (82) $ 445 $ (213) $ (16) $ 216 \n(1) The balances as of December 31, 2022 and 2023 were related to derivatives allowed to be net settled in accordance with our \nmaster netting agreements.\nNote 4.        Leases  \nWe have entered into operating lease agreements primarily for data centers, land, and offices throughout the \nworld with lease periods expiring between 2024  and 2063 . \nComponents of operating lease expense were as follows (in millions):\nYear Ended December 31,"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3aa4-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 71, "chroma:document": "Year Ended December 31,\n2021 2022 2023\nOperating lease cost $ 2,699 $ 2,900 $ 3,362 \nVariable lease cost  726  838  1,182 \nTotal operating lease cost $ 3,425 $ 3,738 $ 4,544 \nSupplemental information related to operating leases was as follows (in millions):\nYear Ended December 31,\n2021 2022 2023\nCash payments for operating leases $ 2,489 $ 2,722 $ 3,173 \nNew operating lease assets obtained in exchange for \noperating lease liabilities $ 2,951 $ 4,383 $ 2,877 Table of Contents Alphabet Inc.\n71."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3afe-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 72, "chroma:document": "As of December 31, 2023 , our operating leases had a weighted average remaining lease term of 8.1 years  and a \nweighted average discount rate of 3.1% . Future lease payments under operating leases as of December 31, 2023  \nwere as follows (in millions):\n2024 $ 3,179 \n2025  2,929 \n2026  2,450 \n2027  1,951 \n2028  1,488 \nThereafter  5,685 \nTotal future lease payments  17,682 \nLess imputed interest  (2,431) \nTotal lease liability balance $ 15,251 \nAs of December 31, 2023 , we have entered into leases that have not yet commenced with short-term and long-\nterm future lease payments of $657 million  and $3.3 billion  that are not yet recorded on our Consolidated Balance \nSheets. These leases will commence between 2024  and 2026  with non-cancelable lease terms betwee n one and 25 \nyears.\nNote 5.        Variable Interest Entities \nConsolidated Variable Interest Entities\nWe consolidate VIEs in which we hold a variable interest and are the primary beneficiary. The results of \noperations and financial position of these VIEs are included in our consolidated financial statements.  \n For certain consolidated VIEs, their assets are not available to us and their creditors do not have recourse to us. \nAs of December 31, 2022  and 2023 , assets that can only be used to settle obligations of these VIEs were $4.1 billion  \nand $4.9 billion , respectively, and the liabilities for which creditors only have recourse to the VIEs were $2.6 billion  and \n$2.5 billion , respectively.  We may continue to fund ongoing operations of certain VIEs that are included within Other \nBets.  \nTotal noncontrolling interests (NCI) in our consolidated subsidiaries were $3.8 billion  and $3.4 billion  as of \nDecember 31, 2022  and 2023 , respectively, of which $1.1 billion  is redeemable noncontrolling interest (RNCI) for both"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 72, "chroma:document": "periods. NCI and RNCI are included within additional paid-in capital. Net loss attributable to noncontrolling interests \nwas not material for an y period presented and is included within the \"other\" component of OI&E. See Note 7  for further \ndetails on OI&E.\nUnconsolidated Variable Interest Entities\nWe have investments in VIEs in which we are not the primary beneficiary. These VIEs include private companies \nthat are primarily early stage companies and certain renewable energy entities in which activities involve power \ngeneration using renewable sources.\nWe have determined that the governance structures of these entities do not allow us to direct the activities that \nwould significantly affect their economic performance. Therefore, we are not the primary beneficiary, and the results of \noperations and financial position of these VIEs are not included in our consolidated financial statements. We account \nfor these investments primarily as non-marketable equity securities or equity method investments.\nThe maximum exposure of these unconsolidated VIEs is generally based on the current carrying value of the \ninvestments and any future funding commitments. The m aximum exposure  and carrying value of these unconsolidated \nVIEs were $2.8 billion  and $2.7 billion , respectively, as of December 31, 2022  and $5.7 billion  and $4.0 billion , \nrespectively, as of December 31, 2023 . The difference between the maximum exposure and the carrying value relates \nprimarily to future funding commitments.\nNote 6.       Debt  \nShort-Term Debt\nWe have a debt financing program of up to $10.0 billion  through the issuance of commercial paper. Net proceeds \nfrom this program are used for general corporate purposes. We had no commercial paper outstanding as of \nDecember 31, 2022  and 2023 . \nOur short-term debt balance also includes the current portion of certain long-term debt.Table of Contents Alphabet Inc.\n72."}


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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 73, "chroma:document": "Long-Term Debt\nTotal outstanding debt is summarized below (in millions, except percentages):\nEffective \nInterest RateAs of December 31,\nMaturity Coupon Rate 2022 2023\nDebt\n2014-2020 Notes issuances 2024 - 2060 0.45%  - 3.38% 0.57%  - 3.38% $ 13,000 $ 13,000 \nFuture finance lease payments, net and \nother (1) 2,142  1,746 \n      Total debt  15,142  14,746 \nUnamortized discount and debt \nissuance costs  (143)  (130) \nLess: Current portion of long-term \nnotes(2) 0  (1,000) \nLess: Current portion of future finance \nlease payments, net and other current \ndebt(1)(2) (298)  (363) \n       Total long-term debt $ 14,701 $ 13,253 \n(1)Future finance lease payments are net of imputed interest.\n(2)Total current portion of long-term debt is included within other accrued expenses and current liabilities. See Note 7 for further \ndetails.\nThe notes in the table above are fixed-rate senior unsecured obligations and generally rank equally with each \nother. We may redeem the notes at any time in whole or in part at specified redemption prices. The effective interest \nrates are based on proceeds received with interest payable semi-annually.\nThe total estimated fair value of the outstanding notes was approximately $9.9 billion  and $10.3 billion  as of \nDecember 31, 2022  and December 31, 2023 , respectively. The fair value was determined based on observable market \nprices of identical instruments in less active markets and is categorized accordingly as Level 2 in the fair value \nhierarchy.\nAs of December 31, 2023 , the aggregate future principal payments for long-term debt, including finance lease \nliabilities, for each of the next five years and thereafter were as follows (in millions):\n2024 $ 1,299 \n2025 1,163\n2026 2,165\n2027 1,143\n2028 132\nThereafter 8,960"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3c16-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 73, "chroma:document": "2028 132\nThereafter 8,960\nTotal $ 14,862 \nCredit Facility\nAs of December 31, 2023 , we had $10.0 billion  of revolving credit facilities, of which $4.0 billion  expires in April \n2024  and $6.0 billion  expires in April 2028 . The interest rates for all credit facilities are determined based on a formula \nusing certain market rates, as well as our progress toward the achievement of certain sustainability goals.  No amounts \nwere outstanding under the credit facilities as of December 31, 2022  and 2023 .\nNote 7.        Supplemental Financial Statement Information  \nAccounts Receivable\nThe allowance for credit losses on accounts receivable was $754 million  and $771 million  as of December 31, \n2022  and 2023 , respectively.Table of Contents Alphabet Inc.\n73."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3c70-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 74, "chroma:document": "Property and Equipment, Net\nProperty and equipment, net, consisted of the following (in millions):\nAs of December 31,\n2022 2023\nLand and buildings $ 66,897 $ 74,083 \nInformation technology assets  66,267  80,594 \nConstruction in progress  27,657  35,229 \nLeasehold improvements  10,575  11,425 \nFurniture and fixtures  314  472 \nProperty and equipment, gross  171,710  201,803 \nLess: accumulated depreciation  (59,042)  (67,458) \nProperty and equipment, net $ 112,668 $ 134,345 \nOur technical infrastructure is comprised of information technology assets, including servers and networking \nequipment , and data center land and buildings.\nAccrued Expenses and Other Current Liabilities\nAccrued expenses and other current liabilities consisted of the following (in millions):\nAs of December 31,\n2022 2023\nEuropean Commission fines(1)$ 9,106 $ 9,525 \nAccrued purchases of property and equipment  3,019  4,679 \nAccrued customer liabilities  3,619  4,140 \nCurrent operating lease liabilities  2,477  2,791 \nIncome taxes payable, net  1,632  2,748 \nOther accrued expenses and current liabilities  18,013  22,285 \nAccrued expenses and other current liabilities $ 37,866 $ 46,168 \n(1) While each EC decision is under appeal, the fines are included in accrued expenses and other current liabilities on our \nConsolidated Balance Sheets, as we provided bank guarantees (in lieu of a cash payment) for the fines. Amounts include the \neffects of foreign exchange and interest. Se e Note 10  for further details .Table of Contents Alphabet Inc.\n74."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3cca-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 75, "chroma:document": "Accumulated Other Comprehensive Income (Loss)\nComponents of AOCI, net of income tax, were as follows (in millions):\nForeign Currency \nTranslation \nAdjustmentsUnrealized Gains \n(Losses) on \nAvailable-for-Sale \nInvestmentsUnrealized \nGains (Losses) \non Cash Flow \nHedges Total\nBalance as of December 31, 2020 $ (864) $ 1,612 $ (115) $ 633 \nOther comprehensive income (loss) before \nreclassifications  (1,442)  (1,312)  668  (2,086) \nAmounts excluded from the assessment of \nhedge effectiveness recorded in AOCI  0  0  48  48 \nAmounts reclassified from AOCI  0  (64)  (154)  (218) \nOther comprehensive income (loss)  (1,442)  (1,376)  562  (2,256) \nBalance as of December 31, 2021  (2,306)  236  447  (1,623) \nOther comprehensive income (loss) before \nreclassifications  (1,836)  (4,720)  1,463  (5,093) \nAmounts excluded from the assessment of \nhedge effectiveness recorded in AOCI  0  0  (188)  (188) \nAmounts reclassified from AOCI  0  1,007  (1,706)  (699) \nOther comprehensive income (loss)  (1,836)  (3,713)  (431)  (5,980) \nBalance as of December 31, 2022  (4,142)  (3,477)  16  (7,603) \nOther comprehensive income (loss) before \nreclassifications  735  1,344  84  2,163 \nAmounts excluded from the assessment of \nhedge effectiveness recorded in AOCI  0  0  84  84 \nAmounts reclassified from AOCI  0  1,168  (214)  954"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3d24-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 75, "chroma:document": "Other comprehensive income (loss)  735  2,512  (46)  3,201 \nBalance as of December 31, 2023 $ (3,407) $ (965) $ (30) $ (4,402) \nThe effects on net income of amounts reclassified from AOCI were as follows (in millions):\nGains (Losses) Reclassified from AOCI to the \nConsolidated Statements of Income\nYear Ended December 31,\n AOCI Components Location 2021 2022 2023\nUnrealized gains (losses) on available-for-sale investments\nOther income (expense), net $ 82 $ (1,291) $ (1,497) \nBenefit (provision) for income \ntaxes  (18)  284  329 \nNet of income tax  64  (1,007)  (1,168) \nUnrealized gains (losses) on cash flow hedges\nForeign exchange contracts Revenue  165  2,046  213 \nInterest rate contracts Other income (expense), net  6  6  6 \nBenefit (provision) for income \ntaxes  (17)  (346)  (5) \nNet of income tax  154  1,706  214 \nTotal amount reclassified, net of income tax $ 218 $ 699 $ (954) Table of Contents Alphabet Inc.\n75."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3d7e-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 76, "chroma:document": "Other Income (Expense), Net \nComponents of OI&E  were as follows (in millions): \n Year Ended December 31,\n 2021 2022 2023\nInterest income $ 1,499 $ 2,174 $ 3,865 \nInterest expense(1) (346)  (357)  (308) \nForeign currency exchange gain (loss), net  (240)  (654)  (1,238) \nGain (loss) on debt securities, net  (110)  (2,064)  (1,215) \nGain (loss) on equity securities, net  12,380  (3,455)  392 \nPerformance fees  (1,908)  798  257 \nIncome (loss) and impairment from equity method investments, net  334  (337)  (628) \nOther  411  381  299 \nOther income (expense), net $ 12,020 $ (3,514) $ 1,424 \n(1) Interest expense is net of interest capitalized of $163 million , $128 million , and $181 million  for the years ended December 31, \n2021 , 2022 , and 2023 , respectively.\nNote 8.        Workforce Reduction and Other Initiatives  \nWe have a company-wide effort underway to re-engineer our cost base. As part of this program, in January 2023, \nwe announced a reduction of our workforce. As a result, total employee severance and related charges recorded \nduring the year ended December 31, 2023 wer e $2.1 billion . Substantially all of the employees affected were no longer \nincluded in our headcount as of December 31, 2023.\nIn addition, we are taking actions to optimize our global office space.  As a result, exit charges recorded during the \nyear ended December 31, 2023 , were $1.8 billion  as reflected in the table below. In addition to these exit charges, for \nthe year ended December 31, 2023 , we incurred $269 million  in accelerated rent and accelerated depreciation, which \nare not included in the table below.\nSeverance and office space exit charges are included within our consolidated statements of income as follows (in"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3dec-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 76, "chroma:document": "millions):\nYear Ended December 31, 2023\nSeverance \nand Related (1)Office Space Total\nCost of revenues $ 479 $ 481 $ 960 \nResearch and development 848  870  1,718 \nSales and marketing 497  257  754 \nGeneral and administrative 264  237  501 \nTotal charges $ 2,088 $ 1,845 $ 3,933 \n(1)Severance includes amounts to be settled in cash, accounted for as one-time involuntary employee termination benefits, and \nSBC.\nFor segment reporting, the substantial majority  of these charges are included within Alphabet-level activities in our \nsegment results.\nFor the  year ended December 31, 2023 , changes in liabilities resulting from the severance charges and related \naccruals were as follows (in millions):\nSeverance and \nRelated\nBalance as of December 31, 2022 $ 0 \nCharges(1) 1,656 \nCash payments  (1,579) \nBalance as of December 31, 2023(2)$ 77 \n(1)Excludes non-cash SBC of $432 million .\n(2)Included in accrued compensation and benefits on the Consolidated Balance Sheets.Table of Contents Alphabet Inc.\n76."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3e46-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 77, "chroma:document": "Note 9.        Goodwill\nChanges in the carrying amount of goodwill for the years ended December 31, 2022  and 2023  were as follows \n(in millions):\nGoogle \nServices Google Cloud Other Bets Total\nBalance as of December 31, 2021 $ 19,826 $ 2,337 $ 793 $ 22,956 \nAcquisitions  1,176  4,876  119  6,171 \nForeign currency translation and other adjustments  (155)  (8)  (4)  (167) \nBalance as of December 31, 2022  20,847  7,205  908  28,960 \nAcquisitions  240  3  0  243 \nForeign currency translation and other adjustments  31  (9)  (27)  (5) \nBalance as of December 31, 2023 $ 21,118 $ 7,199 $ 881 $ 29,198 \nNote 10.        Commitments and Contingencies  \nCommitments\nWe have content licensing agreements with future fixed or minimum guaranteed commitments of $10.6 billion  as \nof December 31, 2023 , of which the majority is paid over  seven years  ending in the first quarter of 2030.\nIndemnifications\nIn the normal course of business, including to facilitate transactions in our services and products and corporate \nactivities, we indemnify certain parties, including advertisers, Google Network partners, distribution partners, \ncustomers of Google Cloud offerings, lessors,  and service providers with respect to certain matters. We have agreed \nto defend and/or hold certain parties harmless against losses arising from a breach of representations or covenants, or \nout of intellectual property infringement or other claims made against certain parties. Several of these agreements limit \nthe time within which an indemnification claim can be made and the amount of the claim. In addition, we have entered \ninto indemnification agreements with our officers and directors, and our bylaws contain similar indemnification \nobligations to our agents.\nIt is not possible to make a reasonable estimate of the maximum potential amount under these indemnification \nagreements due to the unique facts and circumstances involved in each particular agreement. Additionally, the"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3ea0-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 77, "chroma:document": "payments we have made under such agreements have not had a material adverse effect on our results of operations, \ncash flows, or financial position. However, to the extent that valid indemnification claims arise in the future, future \npayments by us could be significant and could have a material adverse effect on our results of operations or cash flows \nin a particular period. \nAs of December 31, 2023 , we did not have any material indemnification claims that were probable or reasonably \npossible.\nLegal Matters\nWe record a liability when we believe that it is probable that a loss has been incurred, and the amount can be \nreasonably estimated. If we determine that a loss is reasonably possible and the loss or range of loss can be \nestimated, we disclose the reasonably possible loss. We evaluate developments in our legal matters that could affect \nthe amount of liability that has been previously accrued, and the matters and related reasonably possible losses \ndisclosed, and make adjustments as appropriate.\nCertain outstanding matters seek speculative, substantial or indeterminate monetary amounts, substantial \nchanges to our business practices and products, or structural remedies. Significant judgment is required to determine \nboth the likelihood of there being a loss and the estimated amount of a loss related to such matters, and we may be \nunable to estimate the reasonably possible loss or range of losses. The outcomes of outstanding legal matters are \ninherently unpredictable and subject to significant uncertainties, and could, either individually or in aggregate, have a \nmaterial adverse effect.\nWe expense legal fees in the period in which they are incurred.Table of Contents Alphabet Inc.\n77."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3efa-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 78, "chroma:document": "Antitrust Investigations\nOn November 30, 2010, the EC's Directorate General for Competition opened an investigation into various \nantitrust-related complaints against us.\nOn June 27, 2017, the EC announced its decision that certain actions taken by Google regarding its display and \nranking of shopping search results and ads infringed European competition law. The EC decision imposed a \u20ac2.4 \nbillion  ($2.7 billion  as of June 27, 2017 ) fine. On September 11, 2017, we appealed the EC decision to the General \nCourt, and on September 27, 2017, we implemented product changes to bring shopping ads into compliance with the \nEC's decision. We recognized a charge of $2.7 billion  for the fine in the second quarter of 2017. On November 10, \n2021, the General Court rejected our appeal, and we subsequently filed an appeal with the European Court of Justice \non January 20, 2022.\nOn July 18, 2018, the EC announced its decision that certain provisions in Google\u2019s Android-related distribution \nagreements infringed European competition law. The EC decision imposed a \u20ac4.3 billion  ($5.1 billion  as of June 30, \n2018 ) fine and directed the termination of the conduct at issue. On October 9, 2018, we appealed the EC decision, and \non October 29, 2018, we implemented changes to certain of our Android distribution practices. On September 14, \n2022, the General Court reduced the fine from \u20ac4.3 billion  to \u20ac4.1 billion . We subsequently filed an appeal with the \nEuropean Court of Justice. In 2018, we recognized a charge of $5.1 billion  for the fine, which we reduced by \n$217 million  in 2022.\nOn March 20, 2019, the EC announced its decision that certain contractual provisions in agreements that Google \nhad with AdSense for Search partners infringed European competition law. The EC decision imposed a fine of \u20ac1.5 \nbillion  ($1.7 billion  as of March 20, 2019 ) and directed actions related to AdSense for Search partners' agreements,"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3f54-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 78, "chroma:document": "which we implemented prior to the decision. On June 4, 2019, we appealed the EC decision. We recognized a charge \nof $1.7 billion  for the fine in the first quarter of 2019.\nFrom time to time we are subject to formal and informal inquiries and investigations on various competition \nmatters by regulatory authorities in the U.S., Europe, and other jurisdictions globally. Examples, for which given their \nnature we cannot estimate a possible loss, include:\n\u2022In August 2019, we began receiving civil investigative demands from the U.S. Department of Justice (DOJ) \nrequesting information and documents relating to our prior antitrust investigations and certain aspects of our \nbusiness. The DOJ and a number of state Attorneys General filed a lawsuit in the U.S. District Court for the \nDistrict of Columbia on October 20, 2020 alleging that Google violated U.S. antitrust laws relating to Search \nand Search advertising. The trial ended on November 16, 2023, and we expect a decision in 2024. Further, in \nJune 2022, the Australian Competition and Consumer Commission (ACCC) and the United Kingdom's \nCompetition and Markets Authority (CMA) each opened an investigation into Search distribution practices.\n\u2022On December 16, 2020, a number of state Attorneys General filed an antitrust complaint in the U.S. District \nCourt for the Eastern District of Texas, alleging that Google violated U.S. antitrust laws as well as state \ndeceptive trade laws relating to its advertising technology , and a trial is scheduled for March 2025.  Additionally, \non January 24, 2023, the DOJ, along with a number of state Attorneys General, filed an antitrust complaint in \nthe U.S. District Court for the Eastern District of Virginia alleging that Google\u2019s digital advertising technology \nproducts violate U.S. antitrust laws, and on April 17, 2023, a number of additional state Attorneys General \njoined the complaint. The EC, the CMA, and the ACCC each opened a formal investigation into Google's \nadvertising technology business practices on June 22, 2021, May 25, 2022, and June 29, 2022, respectively."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e3fb8-6a79-11ef-8942-0242ac1c000c
encoding: FLOAT32
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 78, "chroma:document": "On June 14, 2023, the EC issued a Statement of Objections (SO) informing Google of its preliminary view that \nGoogle violated European antitrust laws relating to its advertising technology. We responded to the SO on \nDecember 1, 2023.\n\u2022On July 7, 2021, a number of state Attorneys General filed an antitrust complaint in the U.S. District Court for \nthe Northern District of California, alleging that Google\u2019s operation of Android and Google Pla y violated U.S. \nantitrust laws and state antitrust and consumer protection laws. In September 2023, we reached a settlement \nin principle with 50 state Attorneys General and three territories. The U.S. District Court subsequently vacated \nthe trial date with the states, and any final approval of the settlement is expected to occur in 2024. In May \n2022, the EC and the CMA each opened investigations into Google Play\u2019s business practices. Korean \nregulators are investigating Google Play's billing practices, including a formal review in May 2022 of Google's \ncompliance with the new app store billing regulations. \nWe believe we have strong arguments against these claims and will defend ourselves vigorously . We continue to \ncooperate with federal and state regulators in the U.S., the EC, and other regulators around the world.Table of Contents Alphabet Inc.\n78."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e4012-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 79, "chroma:document": "Privacy Matters \nWe are subject to a number of privacy-related laws and regulations, and we currently are party to  a number of \nprivacy investigations and lawsuits ongoing in multiple jurisdictions. For example, there are ongoing investigations and \nlitigation in the U.S. and the EU, including those relating to our collection and use of location information and \nadvertising practices, which could result in significant fines, judgments, and product changes. \nPatent and Intellectual Property Claims\nWe have had patent, copyright, trade secret, and trademark infringement  lawsuits filed against us claiming that \ncertain of our products, services, and technologies infringe others' intellectual property rights. Adverse results in these \nlawsuits may include awards of substantial monetary damages, costly royalty or licensing agreements, or orders \npreventing us from offering certain features, functionalities, products, or services. As a result, we may have to change \nour business practices and develop non-infringing products or technologies, which could result in a loss of revenues for \nus and otherwise harm our business. In addition, the U.S. International Trade Commission (ITC) has increasingly \nbecome an important forum to litigate intellectual property disputes because an ultimate loss in an ITC action can \nresult in a prohibition on importing infringing products into the U.S. Because the U.S. is an important market, a \nprohibition on importation could have an adverse effect on us, including preventing us from importing many important \nproducts into the U.S. or necessitating workarounds that may limit certain features of our products.\nFurthermore, many of our agreements with our customers and partners require us to indemnify them against \ncertain intellectual property infringement claims, which would increase our costs as a result of defending such claims, \nand may require that we pay significant damages if there were an adverse ruling in any such claims. In addition, our \ncustomers and partners may discontinue the use of our products, services, and technologies, as a result of injunctions \nor otherwise, which could result in loss of revenues and adversely affect our business.\nOther\nWe are subject to claims, lawsuits, regulatory and government investigations, other proceedings, and consent \norders involving competition, intellectual property, data security, tax and related compliance, labor and employment, \ncommercial disputes, content generated by our users, goods and services offered by advertisers or publishers using"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e406c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 79, "chroma:document": "our platforms, personal injury, consumer protection, and other matters.  For example, in December 2023, a California \njury delivered a verdict in  Epic Games v. Google  finding that Google violated antitrust laws related to Google Play's \nbusiness. The pr esiding judge will determine remedies in 2024, and the range of potential remedies vary widely. We \nplan to appeal.  We also periodically have data incidents that we report to relevant regulators as required by law.  \nThese  claims , consent orders, lawsuits, regulatory and government investigations, and other proceedings could \nresult in substantial fines and penalties, injunctive relief, ongoing monitoring and auditing obligations, changes to our \nproducts and services, alterations to our business models and operations, and collateral related civil litigation or other \nadverse consequences,  all of which could harm our business, reputation, financial condition, and operating results.\nWe have ongoing legal matters relating to Russia. For example, civil judgments that include compounding \npenalties have been imposed upon us in connection with disputes regarding the termination of accounts, including \nthose of sanctioned parties. We do not believe these ongoing legal matters will have a material adverse effect .\nNon-Income Taxes\nWe are under audit by various domestic and foreign tax authorities with regards to non-income tax matters. The \nsubject matter of non-income tax audits primarily arises from disputes on the tax treatment and tax rate applied to the \nsale of our products and services in these jurisdictions and the tax treatment of certain employee benefits. We accrue \nnon-income taxes that may result from examinations by, or any negotiated agreements with, these tax authorities when \na loss is probable and reasonably estimable. If we determine that a loss is reasonably possible and the loss or range of \nloss can be estimated, we disclose the reasonably possible loss. Due to the inherent complexity and uncertainty of \nthese matters and judicial process in certain jurisdictions, the final outcome may be materially different from our \nexpectations.\nSee, Note 14  for information regarding income tax contingencies.Table of Contents Alphabet Inc.\n79."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e40c6-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 80, "chroma:document": "Note 11.        Stockholders' Equity  \nClass A and Class B Common Stock and Class C Capital Stock\nOur Board of Directors has authorized three  classes of stock, Class A and Class B common stock, and Class C \ncapital stock. The rights of the holders of each class of our common and capital stock are identical, except with respect \nto voting. Each share of Class A common stock is entitled to one vote per share. Each share of Class B common stock \nis entitled to 10 votes per share. Class C capital stock has no voting rights, except as required by applicable law. \nShares of Class B common stock may be converted at any time at the option of the stockholder and automatically \nconvert upon sale or transfer to Class A common stock.\nShare Repurchases\nIn the years ended December 31, 2021 , 2022 , and 2023 , we repurchased  $50.3 billion , $59.3 billion , and \n$62.2 billion , respectively, of Alphabet's Class A and Class C shares.\nIn April 2023, the Board of Directors of Alphabet authorized the company to repurchase up to an additional \n$70.0 billion  of its Class A and Class C shares. As of December 31, 2023 , $36.3 billion  remains available for Class A \nand Class C share repurchases. \nThe following table presents Class A and Class C shares repurchased and subsequently retired (in millions):\nYear Ended December 31, 2022 Year Ended December 31, 2023\nShares Amount Shares Amount\nClass A share repurchases 61$ 6,719 78$ 9,316 \nClass C share repurchases 469  52,577 450  52,868 \nTotal share repurchases(1)530 $ 59,296 528 $ 62,184 \n(1)         Shares repurchased include unsettled repurchases as of December 31, 2023 .\nClass A and Class C shares are repurchased in a manner deemed in the best interest of the company and its \nstockholders, taking into account the economic cost and prevailing market conditions, including the relative trading \nprices and volumes of the Class A and Class C shares. Repurchases are executed from time to time, subject to"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e412a-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 80, "chroma:document": "general business and market conditions and other investment opportunities, through open market purchases or \nprivately negotiated transactions, including through Rule 10b5-1 plans. The repurchase program does not have an \nexpiration date.\nNote 12.        Net Income Per Share  \nWe compute net income per share of Class A, Class B, and Class C stock using the two-class method. Basic net \nincome per share is computed using the weighted-average number of shares outstanding during the period. Diluted net \nincome per share is computed using the weighted-average number of shares and the effect of potentially dilutive \nsecurities outstanding during the period. Potentially dilutive securities consist of RSUs and other contingently issuable \nshares. The dilutive effect of outstanding RSUs and other contingently issuable shares is reflected in diluted earnings \nper share by application of the treasury stock method. The computation of the diluted net income per share of Class A \nstock assumes the conversion of Class B stock, while the diluted net income per share of Class B stock does not \nassume the conversion of those shares.\nThe rights, including the liquidation and dividend rights, of the holders of our Class A, Class B, and Class C stock \nare identical, except with respect to voting. Furthermore, there are a number of safeguards built into our certificate of \nincorporation, as well as Delaware law, which preclude our Board of Directors from declaring or paying unequal per \nshare dividends on our Class A, Class B, and Class C stock. Specifically, Delaware law provides that amendments to \nour certificate of incorporation which would have the effect of adversely altering the rights, powers, or preferences of a \ngiven class of stock must be approved by the class of stock adversely affected by the proposed amendment. In \naddition, our certificate of incorporation provides that before any such amendment may be put to a stockholder vote, it \nmust be approved by the unanimous consent of our Board of Directors. As a result, the undistributed earnings for each \nyear are allocated based on the contractual participation rights of the Class A, Class B, and Class C stock as if the \nearnings for the year had been distributed. As the liquidation and dividend rights are identical, the undistributed \nearnings are allocated on a proportionate basis."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e4184-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 80, "chroma:document": "earnings are allocated on a proportionate basis. \nIn the years ended December 31, 2021 , 2022 , and 2023 , the net income per share amounts are the same for \nClass A, Class B, and Class C stock because the holders of each class are entitled to equal per share dividends or \ndistributions in liquidation in accordance with the Amended and Restated Certificate of Incorporation of Alphabet Inc.Table of Contents Alphabet Inc.\n80."}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e4238-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 81, "chroma:document": "The following table  sets forth the computation of basic and diluted net income per share of Class A, Class B, and \nClass C stock (in millions, except per share amounts):\n Year Ended December 31,\n 2021\n Class A Class B Class C\nBasic net income per share:\nNumerator\nAllocation of undistributed earnings $ 34,200 $ 5,174 $ 36,659 \nDenominator\nNumber of shares used in per share computation  6,006  909  6,438 \nBasic net income per share $ 5.69 $ 5.69 $ 5.69 \nDiluted net income per share:\nNumerator\nAllocation of undistributed earnings for basic computation $ 34,200 $ 5,174 $ 36,659 \nReallocation of undistributed earnings as a result of conversion of Class B to Class A \nshares  5,174  0  0 \nReallocation of undistributed earnings  (581)  (77)  581 \nAllocation of undistributed earnings $ 38,793 $ 5,097 $ 37,240 \nDenominator\nNumber of shares used in basic computation  6,006  909  6,438 \nWeighted-average effect of dilutive securities\nAdd:\nConversion of Class B to Class A shares outstanding  909  0  0 \nRestricted stock units and other contingently issuable shares  0  0  200 \nNumber of shares used in per share computation  6,915  909  6,638 \nDiluted net income per share $ 5.61 $ 5.61 $ 5.61 \n Year Ended December 31,\n 2022\n Class A Class B Class C\nBasic net income per share:\nNumerator\nAllocation of undistributed earnings $ 27,518 $ 4,072 $ 28,382 \nDenominator\nNumber of shares used in per share computation  5,994  887  6,182 \nBasic net income per share $ 4.59 $ 4.59 $ 4.59 \nDiluted net income per share:\nNumerator\nAllocation of undistributed earnings for basic computation $ 27,518 $ 4,072 $ 28,382"}


created_at: 2024-09-04 04:52:27
topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 81, "chroma:document": "Reallocation of undistributed earnings as a result of conversion of Class B to Class A \nshares  4,072  0  0 \nReallocation of undistributed earnings  (230)  (30)  230 \nAllocation of undistributed earnings $ 31,360 $ 4,042 $ 28,612 \nDenominator\nNumber of shares used in basic computation  5,994  887  6,182 \nWeighted-average effect of dilutive securities\nAdd:\nConversion of Class B to Class A shares outstanding  887  0  0 \nRestricted stock units and other contingently issuable shares  0  0  96 \nNumber of shares used in per share computation  6,881  887  6,278 \nDiluted net income per share $ 4.56 $ 4.56 $ 4.56 Table of Contents Alphabet Inc.\n81."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e42ec-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 82, "chroma:document": "Year Ended December 31,\n 2023\n Class A Class B Class C\nBasic net income per share:\nNumerator\nAllocation of undistributed earnings $ 34,601 $ 5,124 $ 34,070 \nDenominator\nNumber of shares used in per share computation  5,922  877  5,831 \nBasic net income per share $ 5.84 $ 5.84 $ 5.84 \nDiluted net income per share:\nNumerator\nAllocation of undistributed earnings for basic computation $ 34,601 $ 5,124 $ 34,070 \nReallocation of undistributed earnings as a result of conversion of Class B to Class A \nshares  5,124  0  0 \nReallocation of undistributed earnings  (287)  (37)  287 \nAllocation of undistributed earnings $ 39,438 $ 5,087 $ 34,357 \nDenominator\nNumber of shares used in basic computation  5,922  877  5,831 \nWeighted-average effect of dilutive securities\nAdd:\nConversion of Class B to Class A shares outstanding  877  0  0 \nRestricted stock units and other contingently issuable shares  0  0  92 \nNumber of shares used in per share computation  6,799  877  5,923 \nDiluted net income per share $ 5.80 $ 5.80 $ 5.80 \nNote 13.        Compensation Plans  \nStock Plans\nOur stock plans include the Alphabet Amended and Restated 2021 Stock Plan (\"Alphabet 2021 Stock Plan\") and \nOther Bet s stock-based plans. Under our stock plans, RSUs and other types of awards may be granted. Under the \nAlphabet 2021 Stock Plan, an RSU award is an agreement to issue shares of our Class C stock at the time the award \nvests. RSUs generally vest over four years  contingent upon employment on the vesting date.\nAs of December 31, 2023 , there were 723 million  shares of Class C stock reserved for future issuance under the \nAlphabet 2021 Stock Plan.\nStock-Based Compensation"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e4350-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 82, "chroma:document": "Alphabet 2021 Stock Plan.\nStock-Based Compensation\nFor the years ended December 31, 2021 , 2022 , and 2023 , total SBC expense was $15.7 billion , $19.5 billion , and \n$22.1 billion , including amounts associated with awards we expect to settle in Alphabet stock of $15.0 billion , $18.8 \nbillion , and $21.7 billion , respectively.\nDuring the year ended December 31, 2023 , total SBC expense includes $432 million  associated with workforce \nreduction costs. See Note 8  for further details.\nFor the years ended December 31, 2021 , 2022 , and 2023 , we recognized tax benefits on total SBC expense, \nwhich are reflected in the provision for income taxes in the Consolidated Statements of Income, of $3.1 billion , $3.9 \nbillion , and $4.5 billion , respectively.\nFor the years ended December 31, 2021 , 2022 , and 2023 , tax benefit realized related to awards vested or \nexercised during the period was $5.9 billion , $4.7 billion , and $5.6 billion , respectively. These amounts do not include \nthe indirect effects of stock-based awards, which primarily relate to the R&D tax credit.\nStock-Based Award ActivitiesTable of Contents Alphabet Inc.\n82."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e43aa-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 83, "chroma:document": "The following table summarizes the activities for  unvested Alphabet RSUs  for the year ended December 31, 2023  \n(in millions, except per share amounts):\nUnvested Restricted Stock Units\n     Number of    \nSharesWeighted-\nAverage\nGrant-Date\nFair Value\nUnvested as of December 31, 2022  324 $ 107.98 \nGranted  263 $ 97.59 \nVested  (217) $ 100.36 \nForfeited/canceled  (32) $ 106.56 \nUnvested as of December 31, 2023  338 $ 104.93 \nThe weighted-average grant-date fair value of RSUs granted during the years ended December 31,  2021  and \n2022  was $97.46  and $127.22 , respectively. Total fair value of RSUs, as of their respective vesting dates, during the \nyears ended December 31, 2021 , 2022 , and 2023 , were $28.8 billion , $23.9 billion , and $26.6 billion , respectively.\nAs of December 31, 2023 , there was $33.5 billion  of unrecognized compensation cost related to unvested RSUs. \nThis amount is expected to be recognized over a weighted-average period of 2.5 years . \nNote 14.        Income Taxes  \nIncome from continuing operations before income taxes consisted of the following (in millions):\nYear Ended December 31,\n 2021 2022 2023\nDomestic operations $ 77,016 $ 61,307 $ 73,600 \nForeign operations  13,718  10,021  12,117 \nTotal $ 90,734 $ 71,328 $ 85,717 \nProvision for income taxes consisted of the following (in millions):\nYear Ended December 31,\n 2021 2022 2023\nCurrent:\nFederal and state $ 10,126 $ 17,120 $ 17,125 \nForeign  2,692  2,434  2,526 \nTotal  12,818  19,554  19,651 \nDeferred:"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e4404-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 83, "chroma:document": "Deferred:\nFederal and state  2,018  (8,052)  (7,482) \nForeign  (135)  (146)  (247) \nTotal  1,883  (8,198)  (7,729) \nProvision for income taxes $ 14,701 $ 11,356 $ 11,922 Table of Contents Alphabet Inc.\n83."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e445e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 84, "chroma:document": "The reconciliation of federal statutory income tax rate to our effective income tax rate was as follows:\nYear Ended December 31,\n 2021 2022 2023\nU.S. federal statutory tax rate  21.0 %  21.0 %  21.0 %\nForeign income taxed at different rates  0.2  3.0  0.3 \nForeign-derived intangible income deduction  (2.5)  (5.4)  (4.6) \nStock-based compensation expense  (2.5)  (1.2)  (0.8) \nFederal research credit  (1.6)  (2.2)  (1.8) \nDeferred tax asset valuation allowance  0.6  0.9  0.6 \nState and local income taxes  1.0  0.8  1.0 \nEffect of tax law change  0.0  0.0  (1.4) \nOther  0.0  (1.0)  (0.4) \nEffective tax rate  16.2 %  15.9 %  13.9 %\nIn 2022, there was an increase in the U.S. Foreign Derived Intangible Income tax deduction from the effects of \ncapitalization and amortization of R&D expenses starting in 2022 as required by the 2017 Tax Cuts and Jobs Act.\nIn 2023, the  IRS issued a rule change allowing taxpayers to temporarily apply the regulations in effect prior to \n2022 related to U.S. federal foreign tax credits as well as a separate rule change with interim guidance on the \ncapitalization and amortization of R&D expenses. A cumulative one-time adjustment applicable to the prior period for \nthese tax rule changes was recorded in 2023.\nDeferred Income Taxes\nDeferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets \nand liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components \nof our deferred tax assets and liabilities were as follows (in millions):\nAs of December 31,\n2022 2023\nDeferred tax assets:\nAccrued employee benefits $ 955 $ 1,855"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e44c2-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 84, "chroma:document": "Accrued employee benefits $ 955 $ 1,855 \nAccruals and reserves not currently deductible  1,956  2,481 \nTax credits  6,002  6,609 \nNet operating losses  2,557  2,965 \nOperating leases  2,711  3,526 \nCapitalized research and development(1) 10,381  17,757 \nOther  2,289  1,951 \nTotal deferred tax assets  26,851  37,144 \nValuation allowance  (9,553)  (10,999) \nTotal deferred tax assets net of valuation allowance  17,298  26,145 \nDeferred tax liabilities:\nProperty and equipment, net  (6,607)  (8,189) \nNet investment gains  (2,361)  (2,405) \nOperating leases  (2,491)  (2,965) \nOther  (1,092)  (902) \nTotal deferred tax liabilities  (12,551)  (14,461) \nNet deferred tax assets (liabilities) $ 4,747 $ 11,684 \n(1)As required by the 2017 Tax Cuts and Jobs Act, effective January 1, 2022, our research and development expenditures were \ncapitalized and amortized which resulted in substantially higher cash taxes starting in 2022 with an equal amount of deferred \ntax benefit.  \nAs of December 31, 2023 , our federal, state, and foreign net operating loss carryforwards for income tax \npurposes were approximately $7.1 billion , $18.6 billion , and $1.8 billion  respectively. If not utilized, the federal net Table of Contents Alphabet Inc.\n84."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e451c-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 85, "chroma:document": "operating loss carryforwards will begin to expire in 202 4, foreign net operating loss carryforwards will begin to expire in \n2025 and the state net operating loss carryforwards will begin to expire in 2029. It is more likely than not that the \nmajority of the net operating loss carryforwards will not be realized; therefore, we have recorded a valuation allowance \nagainst them. The net operating loss carryforwards are subject to various annual limitations under the tax laws of the \ndifferent jurisdictions.\nAs of December 31, 2023 , our Federal and California research and development credit carryforwards for income \ntax purposes were approximately $600 million  and $6.3 billion , respectively. If not utilized, the Federal R&D credit will \nbegin to expire in 2037 and the California R&D credit can be carried over indefinitely. We believe the majority of the \nfederal tax credit and state tax credit is not likely to be realized.\nAs of December 31, 2023 , our investment tax credit carryforwards for state income tax purposes were \napproximately $1.0 billion  and will begin to expire in 2029. We use the flow-through method of accounting for \ninvestment tax credits. We believe this tax credit is not likely to be realized.\nAs of December 31, 2023 , we maintained a valuation allowance with respect to California deferred tax assets, \ncertain federal net operating losses, certain state net operating losses and tax credits, net deferred tax assets relating \nto Other Bet companies, and certain foreign net operating losses that we believe are not likely to be realized. We \ncontinue to reassess the remaining valuation allowance quarterly, and if future evidence allows for a partial or full \nrelease of the valuation allowance, a tax benefit will be recorded accordingly. \nUncertain Tax Positions\nThe following table summarizes the activity related to our gross unrecognized tax benefits (in millions):\n 2021 2022 2023\nBeginning gross unrecognized tax benefits $ 3,837 $ 5,158 $ 7,055 \nIncreases related to prior year tax positions  529  253  740 \nDecreases related to prior year tax positions  (263)  (437)  (682) \nDecreases related to settlement with tax authorities  (329)  (140)  (21)"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e4576-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 85, "chroma:document": "Increases related to current year tax positions  1,384  2,221  2,346 \nEnding gross unrecognized tax benefits $ 5,158 $ 7,055 $ 9,438 Year Ended December 31,\nWe are subject to income taxes in the U.S. and foreign jurisdictions. Significant judgment is required in evaluating \nour uncertain tax positions and determining our provision for income taxes. The total amount of gross unrecognized tax \nbenefits was $5.2 billion , $7.1 billion , and $9.4 billion  as of December 31, 2021 , 2022 , and 2023 , respectively, of which \n$3.7 billion , $5.3 billion , and $7.4 billion , if recognized, would affect our effective tax rate, respectively. \nAs of December 31, 2022  and 2023 , we accrued $346 million  and $622 million  in interest and penalties in \nprovision for income taxes, respectively.\nWe file income tax returns in the U.S. federal jurisdiction and in many state and foreign jurisdictions. Our two \nmajor tax jurisdictions are the U.S. federal and Ireland. We are subject to the continuous examination of our income tax \nreturns by the IRS and other tax authorities. The IRS is currently examining our 2016 through 2021 tax returns. We \nhave also received tax assessments in multiple foreign jurisdictions asserting transfer pricing adjustments or \npermanent establishment. We continue to defend such claims as presented.\nThe tax years 2016 through 2022 remain subject to examination by the appropriate governmental agencies for \nIrish tax purposes. There are other ongoing audits in various other jurisdictions that are not material to our financial \nstatements.\nWe regularly assess the likelihood of adverse outcomes resulting from these examinations to determine the \nadequacy of our provision for income taxes. We continue to monitor the progress of ongoing discussions with tax \nauthorities and the effect, if any, of the expected expiration of the statute of limitations in various taxing jurisdictions.\nWe believe that an adequate provision has been made for any adjustments that may result from tax examinations. \nHowever, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in our tax audits are \nresolved in a manner not consistent with management's expectations, we could be required to adjust our provision for"}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e45da-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 85, "chroma:document": "income taxes in the period such resolutions occur. Although the timing of resolution, settlement, and closure of audits is \nnot certain, it is reasonably possible that our unrecognized tax benefits from certain U.S. federal, state, and non U.S. \ntax positions could decrease by approximately $700 million  in the next 12 months. Positions that may be resolved \ninclude various U.S. and non-U.S. matters.Table of Contents Alphabet Inc.\n85."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e4634-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 86, "chroma:document": "Note 15.        Information about Segments and Geographic Areas  \nWe report our segment results as Google Services, Google Cloud, and Other Bets:\n\u2022Google Services includes products and services such as ads, Android, Chrome, devices, Google Maps, \nGoogle Play, Search, and YouTube. Google Services generates revenues primarily from advertising;  fees \nreceived for consumer subscription-based products such as YouTube TV,  YouTube Music and Premium , and \nNFL Sunday Ticket; the sale of apps and in-app purchases and devices.\n\u2022Google Cloud includes infrastructure and platform services, collaboration tools, and other services for \nenterprise customers. Google Cloud generates revenues primarily from consumption-based fees and \nsubscriptions received for Google Cloud Platform services, Google Workspace communication and \ncollaboration tools, and other enterprise services.\n\u2022Other Bets is a combination of multiple operating segments that are not individually material. Revenues from \nOther Bets are generated primarily from the sale of health care-related services and internet services.\nRevenues, certain costs, such as costs associated with content and traffic acquisition, certain engineering \nactivities, and devices, as well as certain operating expenses are directly attributable to our segments. Due to the \nintegrated nature of Alphabet, other costs and expenses, such as technical infrastructure and office facilities, are \nmanaged centrally at a consolidated level. These costs, including the associated depreciation and impairment, are \nallocated to operating segments as a service cost generally based on usage, headcount, or revenue.\nReflecting DeepMind's increasing collaboration with Google Services, Google Cloud, and Other Bets, beginning in \nthe first quarter of 2023 DeepMind is reported as part of Alphabet-level activities instead of within Other Bets. \nAdditionally, beginning in the first quarter of 2023, we updated and simplified our cost allocation methodologies to \nprovide our business leaders with increased transparency for decision-making. Prior periods have been recast to \nconform to the current presentation.\nAs announced on April 20, 2023, we brought together part of Google Research (the Brain team) and DeepMind to \nsignificantly accelerate our progress in artificial intelligence (AI). The group, called Google DeepMind, is reported within \nAlphabet-level activities prospectively beginning in the second quarter of 2023. Previously, the Brain team was \nincluded within Google Services."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e468e-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 86, "chroma:document": "included within Google Services.\nCertain costs are not allocated to our segments because they represent Alphabet-level activitie s. These costs \nprimarily include AI-focused shared  R&D activities, including development costs of our general AI models ; corporate \ninitiatives such as our philanthropic activities; corporate shared costs such as certain finance, human resource, and \nlegal costs, including certain fines and settlements. Charges associated with reductions in our workforce and office \nspace during 2023 were not allocated to our segments. Additionally, hedging gains (losses) related to revenue are not \nallocated to our segments.\nOur operating segments are not evaluated using asset information.\nThe following table presents information about our segments (in millions) :\nYear Ended December 31,\n2021 2022 2023\nRevenues:\nGoogle Services $ 237,529 $ 253,528 $ 272,543 \nGoogle Cloud  19,206  26,280  33,088 \nOther Bets  753  1,068  1,527 \nHedging gains (losses)  149  1,960  236 \nTotal revenues $ 257,637 $ 282,836 $ 307,394 \nOperating income (loss):\nGoogle Services $ 88,132 $ 82,699 $ 95,858 \nGoogle Cloud  (2,282)  (1,922)  1,716 \nOther Bets  (4,051)  (4,636)  (4,095) \nAlphabet-level activities  (3,085)  (1,299)  (9,186) \nTotal income from operations $ 78,714 $ 74,842 $ 84,293 \nSee Note 2  for information relating to revenues by geography.Table of Contents Alphabet Inc.\n86."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
id: 548e46e8-6a79-11ef-8942-0242ac1c000c
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 87, "chroma:document": "The following table presents long-lived assets by geographic area, which includes property and equipment, net \nand operating lease assets (in millions):\nAs of December 31,\n 2022 2023\nLong-lived assets:\nUnited States $ 93,565 $ 110,053 \nInternational  33,484  38,383 \nTotal long-lived assets $ 127,049 $ 148,436 Table of Contents Alphabet Inc.\n87."}


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topic: persistent://default/default/ef30aab7-9396-4960-bd48-eb7ba06916f0
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 88, "chroma:document": "ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL \nDISCLOSURE\nNone.\nITEM 9A. CONTROLS AND PROCEDURES\nEvaluation of Disclosure Controls and Procedures\nOur management, with the participation of our chief executive officer and chief financial officer, evaluated the \neffectiveness of our disclosure controls and procedures pursuant to Rule 13a-15 under the Exchange Act, as of the \nend of the period covered by this Annual Report on Form 10-K.\nBased on this evaluation, our chief executive officer and chief financial officer concluded that, as of December 31, \n2023 , our disclosure controls and procedures are designed at a reasonable assurance level and are effective to \nprovide reasonable assurance that information we are required to disclose in reports that we file or submit under the \nExchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC\u2019s rules \nand forms, and that such information is accumulated and communicated to our management, including our chief \nexecutive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.\nChanges in Internal Control over Financial Reporting\nThere have been no changes in our internal control over financial reporting that occurred during the quarter \nended December 31, 2023  that have materially affected, or are reasonably likely to materially affect, our internal \ncontrol over financial reporting. \nManagement\u2019s Report on Internal Control over Financial Reporting\nOur management is responsible for establishing and maintaining adequate internal control over financial \nreporting, as defined in Rule 13a-15(f) of the Exchange Act. Our management conducted an evaluation of the \neffectiveness of our internal control over financial reporting based on the framework in Internal Control\u2014Integrated \nFramework  issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework). \nBased on this evaluation, management concluded that our internal control over financial reporting was effective as of \nDecember 31, 2023 . Management reviewed the results of its assessment with our Audit and Compliance Committee. \nThe effectiveness of our internal control over financial reporting as of December 31, 2023  has been audited by Ernst & \nYoung LLP , an independent registered public accounting firm, as stated in its report which is included in Item 8 of this \nAnnual Report on Form 10-K."}


created_at: 2024-09-04 04:52:27
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{"source": "Dataset-10k/google-10-k-2023.pdf", "page": 88, "chroma:document": "Annual Report on Form 10-K.\nLimitations on Effectiveness of Controls and Procedures\nIn designing and evaluating the disclosure controls and procedures, management recognizes that any controls \nand procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the \ndesired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there \nare resource constraints and that management is required to apply its judgment in evaluating the benefits of possible \ncontrols and procedures relative to their costs.Table of Contents Alphabet Inc.\n88."}


