And with insanely aggressive share repurchases: > The company is aggressively buying back stock, having repurchased a record $12.8 billion in the second quarte

And with insanely aggressive share repurchases: > The company is aggressively buying back stock, having repurchased a record $12.8 billion in the second quarter, bringing the total so far in 2021 to $24.2 billion. > The company is on pace to buy back around $50 billion of stock this year. It’s a testament to Alphabet’s earnings power that its cash and equivalents were down less than $1 billion in the first half of the year to $135.9 billion despite the heavy repurchases. So they "only" have $120 Billion on hand while already spending $25 billion of their cash buying back stock and planning on spending another $25 billion this year. https://www.barrons.com/articles/alphabets-voting-shares-are-now-in-the-buyback-program-the-stock-is-surging-51627482792 https://www.barrons.com/articles/alphabets-voting-shares-are...