Alphabet discloses $1T+ in purchase commitments and other obligations

Alphabet disclosed more than $1 trillion in purchase commitments, future leases and other obligations in its Q3 filing. Contingent commitments reached $98.5 billion, up about $23 billion from Q2, as the company points to rapid growth in cloud demand.

• Total disclosed obligations exceed $1 trillion
• Contingent commitments reached $98.5 billion
• That is up roughly $23 billion from Q2
• Alphabet cites rapid growth in cloud demand