Alphabet Q4'18 Earnings - Live Updates

Alphabet reports a big revenue beat and as usual the earnings numbers are complex to dechiper since the company moved away from non-GAP numbers.

• Q4 GAAP EPS of $12.77 beats by $1.91.
• Revenue of $39.28B (+21.5% Y/Y) beats by $380M.

Update 5:30 EST

Again, the GAAP EPS number is virtually worthless now with the company reporting equity gains in OI&E.

Key highlights

• revenues up 23% on constant currency basis
• Other Bets operating loss surged to $1.3 billion, up from $748 million last year
• Cash - $109.1 billion, net cash $105.1 billion
• Capex - $7.1 billion, FCF $5.9 billion
• Share count - 700.9 million 

The reported $12.77 EPS includes $1.25 billion in a gain from debt securities. This number shouldn't be included in EPS numbers. On the flip side, SBC charges were $2.25 billion and these costs shouldn't be included either. These numbers nearly net each other out.


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