← Back to timeline
GOOGLEarnings2025-04-24
Anat Ashkenazi discussed how past capital spending is showing up as a rising cost in the profit and loss statement.
Loading moment…
Anat Ashkenazi · Alphabet Investor Relations · Alphabet 2025 Q1 Earnings Call
“In the first quarter, we saw 31% year-on-year growth in depreciation from the increase in technical infrastructure assets placed in service. Given the increase in CapEx investments over the past few years, we expect the growth rate in depreciation to accelerate throughout 2025.”
Key terms
- depreciation
- — An accounting charge that spreads the cost of long-lived assets like servers over the years they are used.
- placed in service
- — The point at which newly built equipment or facilities start being used, which is when their cost begins being expensed.
Educational summary of a public statement. Not investment advice.