| Net Income Per Share |
Net Income Per ShareThe following table sets forth the computation of basic and diluted net income per share of Class A, Class B, and Class C stock (in millions, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | 2022 | | 2023 | | | Class A | | Class B | | Class C | | Class A | | Class B | | Class C | | Basic net income per share: | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | Allocation of undistributed earnings | $ | 7,329 | | | $ | 1,081 | | | $ | 7,592 | | | $ | 8,600 | | | $ | 1,275 | | | $ | 8,493 | | | | | | | | | | | | | | | Denominator | | | | | | | | | | | | | Number of shares used in per share computation | 6,015 | | | 887 | | | 6,231 | | | 5,931 | | | 879 | | | 5,858 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Basic net income per share | $ | 1.22 | | | $ | 1.22 | | | $ | 1.22 | | | $ | 1.45 | | | $ | 1.45 | | | $ | 1.45 | | | Diluted net income per share: | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | | | | | | | | | | | | | Allocation of undistributed earnings for basic computation | $ | 7,329 | | | $ | 1,081 | | | $ | 7,592 | | | $ | 8,600 | | | $ | 1,275 | | | $ | 8,493 | | | | | | | | | | | | | | | | | | | | | | | | | | | Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares | 1,081 | | | 0 | | | 0 | | | 1,275 | | | 0 | | | 0 | | | Reallocation of undistributed earnings | (68) | | | (9) | | | 68 | | | (75) | | | (10) | | | 75 | | | Allocation of undistributed earnings | $ | 8,342 | | | $ | 1,072 | | | $ | 7,660 | | | $ | 9,800 | | | $ | 1,265 | | | $ | 8,568 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Denominator | | | | | | | | | | | | | Number of shares used in basic computation | 6,015 | | | 887 | | | 6,231 | | | 5,931 | | | 879 | | | 5,858 | | | Weighted-average effect of dilutive securities | | | | | | | | | | | | | Add: | | | | | | | | | | | | | Conversion of Class B to Class A shares outstanding | 887 | | | 0 | | | 0 | | | 879 | | | 0 | | | 0 | | | | | | | | | | | | | | | Restricted stock units and other contingently issuable shares | 0 | | | 0 | | | 106 | | | 0 | | | 0 | | | 96 | | | Number of shares used in per share computation | 6,902 | | | 887 | | | 6,337 | | | 6,810 | | | 879 | | | 5,954 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted net income per share | $ | 1.21 | | | $ | 1.21 | | | $ | 1.21 | | | $ | 1.44 | | | $ | 1.44 | | | $ | 1.44 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | 2022 | | 2023 | | | Class A | | Class B | | Class C | | Class A | | Class B | | Class C | | Basic net income per share: | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | Allocation of undistributed earnings | $ | 14,812 | | | $ | 2,190 | | | $ | 15,436 | | | $ | 15,597 | | | $ | 2,311 | | | $ | 15,511 | | | | | | | | | | | | | | | Denominator | | | | | | | | | | | | | Number of shares used in per share computation | 6,013 | | | 889 | | | 6,266 | | | 5,939 | | | 880 | | | 5,906 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Basic net income per share | $ | 2.46 | | | $ | 2.46 | | | $ | 2.46 | | | $ | 2.63 | | | $ | 2.63 | | | $ | 2.63 | | | Diluted net income per share: | | | | | | | | | | | | | Numerator | | | | | | | | | | | | | | | | | | | | | | | | | Allocation of undistributed earnings for basic computation | $ | 14,812 | | | $ | 2,190 | | | $ | 15,436 | | | $ | 15,597 | | | $ | 2,311 | | | $ | 15,511 | | | | | | | | | | | | | | | | | | | | | | | | | | | Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares | 2,190 | | | 0 | | | 0 | | | 2,311 | | | 0 | | | 0 | | | Reallocation of undistributed earnings | (162) | | | (21) | | | 162 | | | (96) | | | (12) | | | 96 | | | Allocation of undistributed earnings | $ | 16,840 | | | $ | 2,169 | | | $ | 15,598 | | | $ | 17,812 | | | $ | 2,299 | | | $ | 15,607 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Denominator | | | | | | | | | | | | | Number of shares used in basic computation | 6,013 | | | 889 | | | 6,266 | | | 5,939 | | | 880 | | | 5,906 | | | Weighted-average effect of dilutive securities | | | | | | | | | | | | | Add: | | | | | | | | | | | | | Conversion of Class B to Class A shares outstanding | 889 | | | 0 | | | 0 | | | 880 | | | 0 | | | 0 | | | | | | | | | | | | | | | Restricted stock units and other contingently issuable shares | 0 | | | 0 | | | 127 | | | 0 | | | 0 | | | 69 | | | Number of shares used in per share computation | 6,902 | | | 889 | | | 6,393 | | | 6,819 | | | 880 | | | 5,975 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted net income per share | $ | 2.44 | | | $ | 2.44 | | | $ | 2.44 | | | $ | 2.61 | | | $ | 2.61 | | | $ | 2.61 | |
For the periods presented above, the net income per share amounts are the same for Class A, Class B, and Class C stock because the holders of each class are entitled to equal per share dividends or distributions in liquidation in accordance with the Amended and Restated Certificate of Incorporation of Alphabet Inc.
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