I've be recording Google's (now Alphabet's) quarterly results since 4th-quarter 02008. Google reported 1Q'02016 results yesterday. In a nutshell: For the first 91 days of 02016, Alphabet generated $5.23 billion free cash flow while hiring 2,301 new workers and spending $2.428 billion on capital expenditures and paying an effective tax rate of 18%. Alphabet ended March with $75.264 billion in "cash." Seems like a decent quarter to me, yet right now (02016.04.22 at 7:42am MST) Alphabet has lost 5+% of its market price.