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Alphabet Q1 2018 Earnings [pdf]

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Re: Alphabet Q1 2018 Earnings [pdf]

#13

Post by tristanj »

chollida1 wrote: post #6

My notes.... Numbers: - Alphabet 1Q EPS $13.33, Est. $9.300 - free cash flow for the first quarter of $4.34 billion. - 1Q Google Other Rev. $4.35B - 1Q Rev. Ex-TAC $24.9B, Est. $24.3B - Capital expense for Google more than triples: up from $2.4 billion to $7.7 billion year-on-year. That probably reflects spending on hardware, including the Nest division. - Porat says that CapEx was "almost completely split" between p…

>Capital expense for Google more than triples: up from $2.4 billion to $7.7 billion year-on-year

Part of that also comes from Google buying up $1 billion of north Sunnyvale properties over the past year [0]. They bought roughly 50 properties. The article [0] has a nice map that shows since July 2017 Google has bought up roughly half of the Sunnyvale Moffet Park area.

I am mildly surprised how little coverage Google's buying spree has received.

[0] https://www.mercurynews.com/2017/12/22/google-expansion-ques...

Re: Alphabet Q1 2018 Earnings [pdf]

#15

Post by ninkendo »

aphextron wrote: post #10

>Effective tax rate 11% Absolutely obscene. Literally their entire Net Income increase from $5.4b to $9.4b is due to a tax cut from 20%. We will be paying for this Republican tax policy for the rest of our lives.

Sorry for the low-effort post, but:

Fuck this administration.

Re: Alphabet Q1 2018 Earnings [pdf]

#16

Post by product50 »

aphextron wrote: post #10

>Effective tax rate 11% Absolutely obscene. Literally their entire Net Income increase from $5.4b to $9.4b is due to a tax cut from 20%. We will be paying for this Republican tax policy for the rest of our lives.

Yeah - now blame the Republicans. I bet if Google's earnings weren't good, you would have completely bashed Google then. Always trying to find someone to blame vs. trying to give credit.

For reference, also check that Google's revenue grew by 26% which had nothing to do with tax cuts.

Re: Alphabet Q1 2018 Earnings [pdf]

#18

Post by product50 »

aphextron wrote: post #14
sjilo wrote: post #7

How does a company like Alphabet have so much space to grow at this point?

They didn't grow. They got a tax cut.

Their revenue grew 26% yoy. That has nothing to do with tax cuts. Stop letting your confirmation bias cloud your judgment.

Re: Alphabet Q1 2018 Earnings [pdf]

#19

Post by gwern »

chollida1 wrote: post #6

My notes.... Numbers: - Alphabet 1Q EPS $13.33, Est. $9.300 - free cash flow for the first quarter of $4.34 billion. - 1Q Google Other Rev. $4.35B - 1Q Rev. Ex-TAC $24.9B, Est. $24.3B - Capital expense for Google more than triples: up from $2.4 billion to $7.7 billion year-on-year. That probably reflects spending on hardware, including the Nest division. - Porat says that CapEx was "almost completely split" between p…

> - Porat says Waymo has achieved 5 million miles of driving on city streets.

Is that and the other Porat comments from the earnings call? The PDF doesn't seem to mention that.

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