Did the combined purchases of property and equipment of Microsoft, Alphabet, Amazon and Meta for the four calendar quarters of 2026 exceed their combined net cash provided by operating activities for the same quarters?
Sum, for each company, January 1 to December 31, 2026: Alphabet, Amazon and Meta from their annual statements of cash flows; Microsoft from the four quarters of its fiscal 2026 and 2027 that fall in the calendar year, each the later cumulative figure less the earlier one.
- The cash still covers it Cloud sales grow fast enough, and contracts arrive early enough, that the spenders' own cash carries the build and services the debt.
- The bill has moved to debt Capital spending now exceeds the cash the spenders earn; bonds, leases and commitments kept off the balance sheet fill the gap.
Put your number from 1 to 99 in the app; the readers, the Call and the machines appear only after you save.