
Peter Lynch is BACK, and so are Meta and Google!
The Young Investors Podcast
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Google Takes a Hit to Net Income
Net income is down 24% year over year to 5.7 billion, so they took quite a hit to net income. Google was down 13% on operating income, whereas meta is down 15%. So it's pretty much, pretty much identical. Long term debt was just 9.92 billion as of March 31, 2023. They actually only have 25 billion of current liabilities. Just full stop. All of their current liabilities for the next 12 months can just be covered with cash or basically cash equivalents. It gives you a lot of comfort as a shareholder for sure.
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