[Alphabet Financial Anatomy Part 3]: The Truth Behind the Halt of Share Buybacks — How $80 Billion in Capex and Two Major M&As in Six Months Demonstrate a Dramatic Shift in Capital Allocation
ICHIRO|Financial Statement Anatomy Lab
In the first installment, the progress of Google Cloud in the income statement (P/L) and unrealized gains,in the second installment, the structure of total assets at 92 billion dollars and the rapid rise in TPU inventory on the balance sheet (B/S),were dissected.
In the third installment, we delve into the cash flow statement (C/F) that truly reflects the company’s cash cycle.
When examining Alphabet’s C/F,the market-disrupting “complete halt (zeroing) of share buybacks” and, associated with it“over $80 billion (over ¥12 trillion) in capital expenditures over six months,”and the full picture of two major acquisitions totaling $33.7 billion come to light.
From previous articles?