From the filing
PDF page 180
Printed filing page 169 · Extracted page text
Read the page text
Table of Contents intangible assets. These increases were partially offset by proceeds from sales and maturities of marketable securities. Net cash used in investing activities for the year ended December 31, 2024 increased by $20 million compared to the year ended December 31, 2023. The increase was primarily driven by increased capital investments in leasehold improvements and purchases of intangible assets. Cash used in investing activities was $17.2 billion for the six months ended June 30, 2026 as compared to cash used in investing activities of $49 million for the six months ended June 30, 2025, which primarily reflects the increased purchases of short-term investments, including commercial paper, U.S. Treasury and agency securities and corporate debt securities, in addition to higher capital expenditures related to servers, networking and infrastructure equipment. This was partially offset by proceeds from sales and maturities of marketable securities. Financing Activities Net cash provided by financing activities for the year ended December 31, 2025 increased by $12.7 billion compared to the year ended December 31, 2024. The increase was primarily driven by increased proceeds from the issuance of redeemable convertible preferred stock, net of issuance costs. Net cash provided by financing activities for the year ended December 31, 2024 increased by $4.9 billion compared to the year ended December 31, 2023. The increase was primarily driven by increased proceeds from the issuance of convertible notes for cash and increased proceeds from the issuance of redeemable convertible preferred stock, net of issuance costs. Cash provided by financing activities was $110.8 billion for the six months ended June 30, 2026 as compared to cash provided by financing activities of $4.7 billion for the six months ended June 30, 2025. Cash inflows from financing activities primarily resulted from proceeds from the issuance of redeemable convertible preferred stock, net of issuance costs. Off-Balance Sheet Arrangements Other than hosting services and lease commitments incurred in the normal course of business, funding commitments related to our equity method investments, and guaranty and cost reimbursement arrangements with developers to support data center capacity development (see Notes 3, 7 and 13 to our consolidated financial statements included elsewhere in this prospectus for more information), we did not have during the periods presented, and we do not currently have, any off-balance sheet financing arrangements or any relationships with unconsolidated entities or financial partnerships. Contractual Obligations In aggregate, the contractual obligations in the table below plus the short-term and subsequent commitments, as well as leases not yet commenced, each described in the paragraphs below are approximately $ , substantially all of which is related to compute and infrastructure. The following table summarizes our contractual obligations as of : Total 2026 2027 2028 2029 2030 Thereafter Payments Due by Year (in millions) Operating leases(1) Finance leases(2) Purchase commitments(3) Total(4)(5) ______________ (1) Consists of operating leases for corporate offices and compute and infrastructure with a weighted-average remaining lease term of years as of . See Note 7 to our consolidated financial statements for more information. (2) Consists of finance leases for compute and infrastructure with a weighted-average remaining lease term of years as of . See Note 7 to our consolidated financial statements for more information. 169
Text is provided for reference. Check the original for tables, images, and exact formatting.