The above graph represents the Alphabet cash reserves by year, starting from fiscal 2000 to the recently completed year. The company’s total cash reserves include the actual cash, cash equivalents, and marketable securities. Alphabet has now $119,675 million cash on hand, after adding $10,535 million during the 12 months ended December 31, 2019.
It is important to note that in July 2019, Alphabet has overtaken Apple to become the most cash-rich company in the world.
|Note||Alphabet fiscal year starts from January 1st|
In FY 2002, Google Inc. reported about $146 million in reserves, with an astonishing 335.65% YoY growth. In just two years, the Google cash pile increased $1,986 million in 2014, to $2,132 million.
By the end of 2006, Google had over $11 billion pile of cash. The company reported an impressive 39.95% YoY increase in its cash pile, totalling $1,1243.9 million in 2006.
In 2017, Alphabet Inc, the parent company of Google, reported a massive $101,871 million of cash, cash equivalents and marketable securities. The tech giant’s cash account has grown by $53,783 million ($53.8 billion) between 200
Google LLC (formerly Google Inc.) was incorporated in September 1998, by Larry Page and Sergey Brin while they were PhD. students at Stanford University in California. Google is a subsidiary of Alphabet Inc., headquartered in Mountain View, CA, United States.
After 6 years of its inception, Google IPO (Initial public offering) took place at $85 per share. On August 19, 2004, the company began trading at the Nasdaq and ended the day at $100.34, closing 18.05% above its offering price.
In October 2006, Google acquired the video-sharing site YouTube for $1.65 billion in Google stock. Some of the biggest acquisitions include DoubleClick on April 13, 2007 (for $3.1 billion in cash), Motorola Mobility on May 22, 2012 ( for $12.5 billion), Waze on June 11, 2013 (for $966 million in cash), Nest Labs on on January 14, 2014 (for $3.2 billion in cash), HTC (smartphone division) on September 21, 2017 (for $1.1 billion in cash), etc.
In August 2015, Google became a wholly-owned subsidiary of Alphabet. Alphabet Inc. (NASDAQ: GOOGL) replaced Google Inc. (NASDAQ: GOOGL) as the publicly-traded entity and all shares of Google automatically converted into the same number of shares of Alphabet, with all of the same rights.
On September 1, 2017, Alphabet announced a new holding company XXVI Holdings Inc. to manage its “Other Bets”. At the same time, Google announced its plans of restructuring as a limited liability company, Google LLC, as a wholly owned subsidiary of XXVI Holdings Inc.
Sundar Pichai is currently the chief executive officer (CEO) of Alphabet Inc. and its subsidiary Google LLC.
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