Cash Flow Statement; present a detailed analysis of operating, investing & financing activities ; compare Net Profit & Net Cash Flow and evaluate GOOGLEs strategic objectives in relation with Other Bets

Alphabet Inc., consolidated cash flow statement

	12 months ended:	Dec 31, 2019		Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015
	Net income	34,343		30,736		12,662		19,478		16,348
	Depreciation and impairment of property and equipment	10,856		8,164		6,103		5,267		4,132
	Amortization and impairment of intangible assets	925		871		812		877		931
	Stock-based compensation expense	10,794		9,353		7,679		6,703		5,203
	Excess tax benefits from stock-based award activities									(548)
	Deferred income taxes	173		778		258		(38)		(179)
	(Gain) loss on debt and equity securities, net	(2,798)		(6,650)		37		73		334
	Other	(592)		(189)		294		376		212
	Accounts receivable	(4,340)		(2,169)		(3,768)		(2,578)		(2,094)
	Income taxes, net	(3,128)		(2,251)		8,211		3,125		(179)
	Other assets	(621)		(1,207)		(2,164)		312		(318)
	Accounts payable	428		1,067		731		110		203
	Accrued expenses and other liabilities	7,170		8,614		4,891		1,515		1,597
	Accrued revenue share	1,273		483		955		593		339
	Deferred revenue	37		371		390		223		43
	Changes in assets and liabilities, net of effects of acquisitions	819		4,908		9,246		3,300		(409)
	Adjustments	20,177		17,235		24,429		16,558		9,676
	Net cash provided by operating activities	54,520		47,971		37,091		36,036		26,024
	Purchases of property and equipment	(23,548)		(25,139)		(13,184)		(10,212)		(9,950)
	Purchases of marketable securities	(100,315)		(50,158)		(92,195)		(84,509)		(74,368)
	Maturities and sales of marketable securities	97,825		48,507		73,959		66,895		62,905
	Purchases of non-marketable investments	(1,932)		(2,073)		(1,745)		(1,109)		(2,326)
	Maturities and sales of non-marketable investments	405		1,752		533		494		154
	Cash collateral related to securities lending							(2,428)		(350)
	Investments in reverse repurchase agreements							450		425
	Acquisitions, net of cash acquired, and purchases of intangible assets	(2,515)		(1,491)		(287)		(986)		(236)
	Proceeds from collection of notes receivable					1,419
	Other investing activities	589		98		99		240		35
	Net cash used in investing activities	(29,491)		(28,504)		(31,401)		(31,165)		(23,711)
	Net payments related to stock-based award activities	(4,765)		(4,993)		(4,166)		(3,304)		(2,375)
	Excess tax benefits from stock-based award activities									548
	Adjustment Payment to Class C capital stockholders									(47)
	Repurchases of capital stock	(18,396)		(9,075)		(4,846)		(3,693)		(1,780)
	Proceeds from issuance of debt, net of costs	317		6,766		4,291		8,729		13,705
	Repayments of debt	(585)		(6,827)		(4,377)		(10,064)		(13,728)
	Proceeds from sale of interest in consolidated entities	220		950		800
	Net cash used in financing activities	(23,209)		(13,179)		(8,298)		(8,332)		(3,677)
	Effect of exchange rate changes on cash and cash equivalents	(23)		(302)		405		(170)		(434)
	Net increase (decrease) in cash and cash equivalents	1,797		5,986		(2,203)		(3,631)		(1,798)
	Cash and cash equivalents at beginning of period	16,701		10,715		12,918		16,549		18,347
	Cash and cash equivalents at end of period	18,498		16,701		10,715		12,918		16,549