Revenue not yet recognized



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| [Table of Contents](#i091a03213a4e4cb7a2bb5f39154aefe4_7) | Alphabet Inc. |

Note 2. Revenues Disaggregated RevenuesThe following table presents revenues disaggregated by type (in millions): 

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |
|  | 2021 |  | 2022 |  | 2021 |  | 2022 |
| Google Search & other | $ | 37,926  |  |  | $ | 39,539  |  |  | $ | 105,650  |  |  | $ | 119,846  |  |
| YouTube ads | 7,205  |  |  | 7,071  |  |  | 20,212  |  |  | 21,280  |  |
| Google Network | 7,999  |  |  | 7,872  |  |  | 22,396  |  |  | 24,305  |  |
| Google advertising | 53,130  |  |  | 54,482  |  |  | 148,258  |  |  | 165,431  |  |
| Google other | 6,754  |  |  | 6,895  |  |  | 19,871  |  |  | 20,259  |  |
| Google Services total | 59,884  |  |  | 61,377  |  |  | 168,129  |  |  | 185,690  |  |
| Google Cloud | 4,990  |  |  | 6,868  |  |  | 13,665  |  |  | 18,965  |  |
| Other Bets | 182  |  |  | 209  |  |  | 572  |  |  | 842  |  |
| Hedging gains (losses) | 62  |  |  | 638  |  |  | (54) |  |  | 1,291  |  |
| Total revenues | $ | 65,118  |  |  | $ | 69,092  |  |  | $ | 182,312  |  |  | $ | 206,788  |  |

The following table presents revenues disaggregated by geography, based on the addresses of our customers (in millions):

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | Three Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |
|   | 2021 |  | 2022 |  | 2021 |  | 2022 |
| United States | $ | 29,824  |  |  | 46  | % |  | $ | 33,372  |  |  | 48  | % |  | $ | 83,064  |  |  | 46  | % |  | $ | 97,832  |  |  | 47  | % |
| EMEA(1) | 19,839  |  |  | 30  |  |  | 19,450  |  |  | 28  |  |  | 55,954  |  |  | 31  |  |  | 60,300  |  |  | 29  |  |
| APAC(1) | 11,705  |  |  | 18  |  |  | 11,494  |  |  | 17  |  |  | 33,391  |  |  | 18  |  |  | 35,045  |  |  | 17  |  |
| Other Americas(1) | 3,688  |  |  | 6  |  |  | 4,138  |  |  | 6  |  |  | 9,957  |  |  | 5  |  |  | 12,320  |  |  | 6  |  |
| Hedging gains (losses) | 62  |  |  | 0  |  |  | 638  |  |  | 1  |  |  | (54) |  |  | 0  |  |  | 1,291  |  |  | 1  |  |
| Total revenues | $ | 65,118  |  |  | 100  | % |  | $ | 69,092  |  |  | 100  | % |  | $ | 182,312  |  |  | 100  | % |  | $ | 206,788  |  |  | 100  | % |

(1)    Regions represent Europe, the Middle East, and Africa (EMEA); Asia-Pacific (APAC); and Canada and Latin America ("Other Americas").Revenue Backlog and Deferred RevenuesAs of September 30, 2022, we had $52.4 billion of remaining performance obligations (“revenue backlog”), primarily related to Google Cloud, and expect to recognize approximately half of this amount as revenues over the next 24 months with the remaining to be recognized thereafter. Our revenue backlog represents commitments in customer contracts for future services that have not yet been recognized as revenues. The amount and timing of revenue recognition for these commitments is largely driven by when our customers utilize services and our ability to deliver in accordance with relevant contract terms, which could affect our estimate of revenue backlog and when we expect to recognize such as revenues. Revenue backlog includes related deferred revenue currently recorded as well as amounts that will be invoiced in future periods and excludes contracts with an original expected term of one year or less and cancellable contracts.We record deferred revenues when cash payments are received or due in advance of our performance, including amounts which are refundable. Deferred revenues primarily relate to Google Cloud and Google other. Total deferred revenue as of December 31, 2021 was $3.8 billion, of which $2.4 billion was recognized as revenues during the nine months ended September 30, 2022.Note 3. Financial InstrumentsDebt SecuritiesWe classify our marketable debt securities, which are accounted for as available-for-sale, within Level 2 in the fair value hierarchy because we use quoted market prices to the extent available or alternative pricing sources and models utilizing market observable inputs to determine fair value.12
