Why is ALPHABET raising $80 billion when it already generates $174 billion in cash flow?

With $174 billion in operating cash flow generated over the last twelve months, Alphabet is among the most profitable companies on the planet. Despite this windfall, the group has also raised more than $85 billion in debt over the past year, while maintaining sustained growth in its core businesses.

In this context, the announcement of raising $80 billion may come as a surprise. The operation takes place neither as part of a major acquisition nor to compensate for a deterioration in the group’s financial situation, but on the contrary accompanies a period of strong growth. In the first quarter of 2026, Alphabet’s revenue grew 22%, while Google Cloud grew 63%.

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The real figure in this announcement, however, is not $80 billion. It is between… To read the rest of this article for free on FW MEDIA pro, click here