Alphabet said revenues for 2023 were $307.4 billion, up 9% year over year. The company cited an increase in Google Services revenues of $19.0 billion (8%) and an increase in Google Cloud revenues of $6.8 billion (26%) as the main drivers.

10-KAnnual reportFiled Jan 31, 2024Period of report Dec 31, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

Alphabet said revenues for 2023 were $307.4 billion, up 9% year over year. The company cited an increase in Google Services revenues of $19.0 billion (8%) and an increase in Google Cloud revenues of $6.8 billion (26%) as the main drivers.
The company said cost of revenues for 2023 was $133.3 billion (up 6%), and operating expenses were $89.8 billion (up 10%). It also said that the change in the estimated useful lives of its servers and network equipment benefited cost of revenues and operating expenses.
Alphabet said it announced a workforce reduction in January 2023, which led it to record employee severance and related charges of $2.1 billion for 2023. It said exit charges related to optimizing its office space were $1.8 billion, and accelerated rent and accelerated depreciation were $269 million.
The company said it spent $32.3 billion on capital expenditures in 2023 ($31.5 billion in 2022). It also said it repurchased and retired 528 million shares for $62.2 billion in 2023. The remaining amount available for repurchases as of December 31, 2023 is $36.3 billion.

Key figures

Fiscal year ended December 31, 2023

Revenue: $307.4B
Operating income: $84.3B
Net income: $73.8B
EPS: $5.80
Operating cash flow: $101.7B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Alphabet Reports 2023 Revenue Growth and Segment Increases

Alphabet said revenues for 2023 were $307.4 billion, up 9% year over year. The company cited an increase in Google Services revenues of $19.0 billion (8%) and an increase in Google Cloud revenues of $6.8 billion (26%) as the main drivers.

Source · Based on the MD&A text of the filing

Cost of Revenues and Operating Expenses; Server Useful Life Change

The company said cost of revenues for 2023 was $133.3 billion (up 6%), and operating expenses were $89.8 billion (up 10%). It also said that the change in the estimated useful lives of its servers and network equipment benefited cost of revenues and operating expenses.

Source · Based on the MD&A text of the filing

Workforce Reduction and Office Space Optimization Costs

Alphabet said it announced a workforce reduction in January 2023, which led it to record employee severance and related charges of $2.1 billion for 2023. It said exit charges related to optimizing its office space were $1.8 billion, and accelerated rent and accelerated depreciation were $269 million.

Source · Based on the MD&A text of the filing

Capital Expenditures and Share Repurchases

The company said it spent $32.3 billion on capital expenditures in 2023 ($31.5 billion in 2022). It also said it repurchased and retired 528 million shares for $62.2 billion in 2023. The remaining amount available for repurchases as of December 31, 2023 is $36.3 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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