Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
Paying user area
Try for free
Alphabet Inc. pages available for free this week:
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Alphabet Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Alphabet Inc., consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Total assets experienced a significant increase over the five-year period, rising from US$359.268 billion in 2021 to US$595.281 billion in 2025. This growth was not consistent year-over-year, with a slight decrease observed between 2021 and 2022, followed by substantial increases in subsequent years. The composition of assets shifted notably, with changes observed in both current and non-current asset categories.
- Liquidity and Short-Term Assets
- Cash, cash equivalents, and marketable securities initially decreased from US$139.649 billion in 2021 to US$110.916 billion in 2023, before rebounding to US$126.843 billion in 2025. Marketable securities demonstrated a more pronounced decline from 2021 to 2024, falling from US$118.704 billion to US$72.191 billion, then increased significantly in 2025. Accounts receivable, net, exhibited a consistent upward trend, increasing from US$39.304 billion in 2021 to US$62.886 billion in 2025. Other current assets also increased steadily throughout the period. Consequently, total current assets fluctuated, decreasing in 2022, then increasing to US$206.038 billion in 2025.
- Long-Term Investments and Fixed Assets
- Non-marketable securities showed a consistent increase, more than doubling from US$29.549 billion in 2021 to US$68.687 billion in 2025. Deferred income taxes increased substantially from 2021 to 2024, peaking at US$17.180 billion before decreasing in 2025. Property and equipment, net, experienced the most significant growth among the non-current assets, rising from US$97.599 billion in 2021 to US$246.597 billion in 2025, indicating substantial investment in fixed assets. Operating lease assets remained relatively stable, with a modest increase over the period. Goodwill also increased steadily, from US$22.956 billion to US$33.380 billion. Other non-current assets also showed a consistent upward trend.
- Overall Asset Growth
- The growth in total assets was primarily driven by the increase in non-current assets, which rose from US$171.125 billion in 2021 to US$389.243 billion in 2025. This suggests a shift towards longer-term investments and a greater reliance on fixed assets. The increase in property and equipment, net, is particularly noteworthy, potentially indicating expansion or modernization efforts. The fluctuations in cash and marketable securities suggest active management of liquid assets, potentially influenced by investment strategies and market conditions.
In summary, the asset base expanded considerably over the observed period, with a notable shift in composition towards non-current assets, particularly property and equipment. The company demonstrated active management of its liquid assets, and consistent growth in accounts receivable and other long-term investments.