In effect, it is almost the same as a dividend yield, since it is a return of capital to the remaining shareholders. The $50.3 billion in stock market purchases represents about 3.53% of its average market capitalization last year (on a straight-line basis). Story continues Where This Leaves Alphabet Going Forward Moreover, it all came out of the $67 billion in FCF, so Alphabet did not have to borrow any money to repurchase its shares. That clearly helped lead GOOG stock higher, as it rose over 65% last year. It also allowed the company to buy back a staggering $50.27 billion of its common stock during the past year. That is, it had a 26% FCF margin for 2021. It means that 26% of each sales dollar went straight into the company’s bank account, free of any requirements.
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Moreover, for the full year, it generated $67 billion in FCF, based on information in its cash flow statement on page 6 of the release. That is not much from a percentage point standpoint, but it is billions of dollars in the real world.ħ Industrial Stocks to Buy As Tech Stocks Tumbleīut more importantly, Alphabet generated a large amount of FCF - $18.55 billion in Q4 - as shown on page 7 of the earnings release. So, the $257.6 billion actual revenue was 1.3% better than the forecast. As I wrote two weeks ago, they were forecasting revenue would be up 39.3% (not 42%) to just $254.3 billion in 2021. This is was much better than analysts had been expecting. Moreover, its full-year 2021 revenue, mostly from digital online advertising sales, was up 42% to $257.6 billion. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Where Things Stand With AlphabetĪlphabet reported that its Q4 revenue hit $75.3 billion, up 32% over last year’s Q4 revenue of $56.9 billion.