01—Abstract
Summary
Summary of the 10-K/A filed February 6, 2019. Cited figures are marked; the original filing is the authoritative source.
Alphabet Inc.'s 2018 Form 10-K/A filing, dated February 5, 2019, primarily serves as an amendment to correct a minor administrative omission regarding the consent of their independent auditor, Ernst & Young LLP.
This amendment does not alter the core financial information, results of operations, or cash flows presented in the original filing. Investors should refer to the original Form 10-K filed on February 5, 2019, for comprehensive details on Alphabet's financial performance and business outlook for the fiscal year ended December 31, 2018.
The filing confirms that Alphabet is a large accelerated filer and not a shell company. It also provides share counts for Class A, Class B, and Class C common stock as of January 31, 2019, and references incorporated documents, such as the company's proxy statement, for additional details.
02—Key points
Key Highlights
- This filing is an amendment (10-K/A) to the original Form 10-K for the fiscal year ended December 31, 2018, specifically to correct an omission in the auditor's consent exhibit.
- The amendment does not change or update the previously reported financial position, results of operations, or cash flows.
- Alphabet Inc. is classified as a 'Large accelerated filer'.
- The company is not a shell company, indicating ongoing business operations.
- The filing provides the number of outstanding shares for Class A, Class B, and Class C common stock as of January 31, 2019.
- Key corporate documents, including the merger agreement, certificates of incorporation, bylaws, and various stock and compensation plans, are listed as exhibits.
- The filing references the company's Proxy Statement for the 2019 Annual Meeting of Stockholders, which will be filed separately.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2018, Alphabet Inc. kept $0.22.
- Revenue$136.82B100.0%
- Cost of revenue−$59.55B43.5%
- Gross profit$77.27B56.5%
- Operating costs−$49.75B36.4%
- Operating income$27.52B20.1%
- Interest, other & tax$3.21B2.3%
- Net income$30.74B22.5%
Where FY2018 revenue went
$136.82B- Cost of revenue: $59.55B, 44% of revenue
- Other operating costs: $28.33B, 21% of revenue
- Operating income: $27.52B, 20% of revenue
- R&D: $21.42B, 16% of revenue
Kept 20% as operating income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2018filed February 6, 2019Financial Statements
FY2018 against FY2017
| Line item | FY2018FY2017 | Change |
|---|---|---|
| Revenue | $136.82B$110.86B | +23.4% |
| Cost of Revenue | $59.55B$45.58B | +30.6% |
| Gross Profit | $77.27B$65.27B | +18.4% |
| R&D Expenses | $21.42B$16.63B | +28.8% |
| Operating Expenses | $109.30B$84.68B | +29.1% |
| Operating Income | $27.52B$26.18B | +5.1% |
| Interest Expense | $114.00M$109.00M | +4.6% |
| Net Income | $30.74B$12.66B | +142.7% |
| EPS (Basic) | $2.21$0.91 | +142.0% |
| EPS (Diluted) | $2.19$0.90 | +142.8% |
05—Questions
Frequently Asked Questions
What is the primary purpose of this Alphabet Inc. 10-K/A filing?
The primary purpose of this Amendment No. 1 to Alphabet Inc.'s 2018 Form 10-K is to correct a minor administrative error: the inadvertent omission of Ernst & Young LLP's signature from their consent exhibit (Exhibit 23.01). This amendment does not introduce new financial information or change previously reported results.
Does this filing contain updated financial performance data for Alphabet Inc. for 2018?
No, this filing is an amendment to correct an exhibit and explicitly states that it does not modify or update the financial position, results of operations, cash flows, or other disclosures from the original Form 10-K filed on February 5, 2019. Investors should refer to the original filing for comprehensive financial details.
What information about Alphabet's share structure is provided in this filing?
As of January 31, 2019, the filing states there were 299,360,029 shares of Class A common stock, 46,535,019 shares of Class B common stock, and 349,291,348 shares of Class C capital stock outstanding.
Is Alphabet Inc. considered a shell company based on this filing?
No, the filing clearly indicates with a 'No' next to the shell company checkbox that Alphabet Inc. is not a shell company.
06—Continue