Google google google google google let's go over google financials we can't afford afford an intro on this channel. So i gotta sing it myself probably lost like subscribers with me singing the intro. Google. Let's get into it first of all allow me to say hello good morning.

I hope enjoying your sunday. These videos have no views. They'll never get any traction. But i'll still make them for you guys for the few that actually want to see me break down financials this time we're doing google.

We did amazon we did ford with the gm with the tesla. If you want to watch these videos. I'm going to put an end screen at the end of this video for those breakdowns you could go ahead and watch these in this video. We're gonna go through the og.

Google. Now google is one of my favorite stocks for disclosure. I own some in my own portfolio and have been in the stock for a long time. But i'm not gonna sugarcoat nothing.

I'm going to you know call it like i see it good or bad. I mean i'm not going to be like kissing google's ass because i own the stock as always don't click nothing don't smash nothing don't buy nothing and let's get started so first of all before we jump into the financials. A few words from uncle tom about how the stock is doing in general so first of all we're having a strong correction. You know i'll bet the market is recovering a little bit over the past few you know days or a week.

Whatever you want to call it and google has been kind of steady throughout not the best i mean they're down 14 percent. Still underperforming the s p 500. Not as good as the you know some of the dow jones plays. But i mean not as bad as some of the other players in the tech sector.

Definitely not so nothing to write home about but kind of steady to be honest decent and revenue growth 13 year over year. Despite some horrible economic terms. Which is respectable um. And also like google has the same problem that facebook does.

Which is they have a massive exposure to forex issues. So it's the same cluster freak that facebook is dealing with basically you know the strong dollar is slaughtering. The revenues from around the world and google took a four percent hit in the revenues just on that alone that's a massive number when you think about the amounts. The one thing i like about google over the past year is that they they're growing like a startup.

Pretty much and they're very innovative and and yet they're still doing share buybacks. Reducing the float and basically reverse diluting you which is kind of the opposite of palantir that's why i have them in my portfolio. Just kidding so they did 52 billion dollars of share buybacks over the past 12 months. This is insane cloud business still not profitable.

Yes. I know. But it grows a massive pace. Almost 40 growth and 35 growth already 25 billion in revenue.

It's getting there by 2025. This thing is going to make 100 billion a year and will be profitable probably um. Yeah. Q2 were not as bad as meta or amazon or or or apple.

But yeah. It's decent. I mean 13 is not bad they're definitely i think the best in that bunch in my own personal opinion. But of course this isn't financial advice you know talk to a professional.

I'm just sharing my own opinion with you my lame and opinion now check this out um. And yeah. A lot of you go tom. But you said you're a financial analyst.

How is this a layman opinion. Because it's a layman opinion. Do your own research. You don't need to tell you if it's good or not everybody's a layman do your own work my guy nobody can tell you what to do lay man.

And maybe i meant something else by layman layman is back anyways back to the financials let's get through it let's get it so first of all a lot of doodling going on it all makes sense in the second hold on hold on i know it looks like a crazy person uh john nash kind of insanity and it is to an extent. But you know we do share the last name at least as a stage name okay so cash equivalence and cash. I don't know why i said reverse. It's a very strange.

What would freud say about it 14 down so we're down from 21 billion dollars in at the end of the previous year end of june. We're at 18 billion. So 14 down on cash never a good sign to be honest. But i mean nothing to get alarmed about but definitely a next year.

So um. If you take a look at this thing here i highlighted goodwill because i freaking hate goodwill goodwill. Is is basically for those who are not familiar with this thing. It's pretty much how much you overpaid for stuff when you're acquiring company you're basically doing a ppa price purchase a location and you have to say okay.

I'm paying this and this for that this and this for that the chairs are this and whatever's left. And you can't allocate it to anything that becomes goodwill. Which is basically an empty asset. I hate this so that's why i did the 331 right here so when you see 331 this basically means assets net of goodwill and it's going to mean something in just a second hold on so long term debt and in the amazon video by the way.

I missed the long term debt. I switched it up with the leases. I think sorry about that i mean every time you comment about it i'm going to put in the pin comment and let everybody know i'm not hiding or deleting comments that actually correct me on my mistakes so that's good uh. My dumb ass confused so this time i actually put a whole highlight on the entire line.

So i don't get infused long term debt is about 15 billion dollars compared to cash not that you should compare cash to long term debt in general because i mean. It's not repayable tomorrow. But just as kind of a metric to see what's going on still have three billion more cash than debt even long term that's not bad at all three times more liabilities than assets even without the goodwill and the total abilities are. Down.

73 percent from. 1076 to 997. So the reducing liabilities. The ratio looks good everything looks healthy here now if you go to this section.

Again crazy doodlings. It's even crazier than this insane overlay which i need to by the way fix. I'm sorry for all the arrows and going on in the overlay. Nobody has noticed this until now.

But now that i mention this you can't stop looking at it and it drives you crazy. I know i should have just kept my mouth shut anyways uh six months. June 30th so previous year. 1172 this.

Year 1377. It's a 17 and a half percent growth. If you compare the first six months of each year this year and previous year. It's really not bad at all.

But if you look at the cost structure dead. The problem begins 18. And a half percent increase in cogs still higher and 20 and a half percent in general cost so 25 more in costs and 17 and a half percent more in revenues not a good recipe obviously for success when your costs are growing faster than your revenues and net income is down 11. Not amazing obviously given what we've seen with the cost it makes sense and we've seen it across the board with amazon.

We've seen it with gm. Everybody is basically eating the same cost pie let's go to let's call it this way okay moving on just a little bit right here. I have something to show you this is really interesting so check it out guys before we kind of let you go this is important so this is net cash from operating activity. So net cash flow operations.

This is literally one of my favorite metrics to see how good the business is how much cents on the dollar do they get to keep after everything income tax everything on. Operations okay nothing like with the loans. Just operationally so up from. 4117 to 4452.

An eight percent increase uh is that the six months yeah for six months eight percent increase in net cash flow operations that means the business is going well i don't think this is the best financials. We've ever seen from google. Yes we've seen much much better. But given the way the economy is which is total giving the way their competitors are which is basically in the same toilet position their financials actually look pretty good.

I mean they have a lot of problems. But on the surface of it it seems like i had a decent quarter especially considering their circumstances now as always you know this video is not gonna get a lot of views nobody's gonna watch this but if you guys enjoyed it make sure you comment like and share. It you know for the algorithm to actually pick it up a little bit so we have a little bit of views on these sort of videos and as promised on the screen right now you see where this thing is where the financials are i'm gonna put the three videos. I mentioned breaking down the amazon financials.

The gm financials and ford financials and the tesla financials those are actually three videos. The tesla is in both ford and gm as a comparable so you can go and check it out if you haven't yet enjoy your sunday spend some time with your family loved ones see you next video.