While Alphabet (GOOGL) - Get Report continues to weigh its options in the wake of a massive $2.75 billion fine from the European Commission, the company also disclosed in a public filing that it could possibly face more EU fines in the future.
The $2.75 billion fine appears as a charge on the company's most recent quarterly financials. The fine has its roots in 2015.
"Given the nature of these cases, we are unable to estimate the reasonably possible loss or ranges of loss, if any," the company said.
"We are in the process of reviewing the EC's decision in detail as we consider an appeal. We are also evaluating the impact of potential remedies we may implement to address the EC's findings."
In its earnings call on Monday, Alphabet didn't provide many details on its next steps in regard to the fine, except to say that it continues to review its options, TheStreet's Annie Palmer reported. The company has until the end of August to decide how it will resolve the issue and inform the EU of its plans. The next deadline is at the end of September, when it must change how it presents results, lest it risk being fined up to 5% of Alphabet's daily revenue.
"There's not really much of an update there as we're still early in our analysis of the decision of the right next steps," Google CFO Ruth Porat said on the call with investors. "We do have time to notify the Commission for proposed remedies as well as to implement changes."
TheStreet's Annie Palmer contributed to this report.
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