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Alphabet Posts Strong First Quarter, Initiates Dividend, Launches Huge Buyback

publication date: Apr 28, 2024
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Image: Alphabet’s valuable properties continue to put up nice revenue growth. 

Alphabet ended the quarter with $108.1 billion in total cash and marketable securities against a long-term debt load of $13.2 billion, so Alphabet has an ample net cash position to support cash returns to shareholders. For the quarter ended March 31, 2024, Alphabet’s free cash flow totaled $16.8 billion, slightly lower than the same period last year due to a near doubling in capital spending, but nonetheless, the measure was healthy. We continue to like Alphabet as a top weighting in the Best Ideas Newsletter portfolio.


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