yes, absolutely. they do have 75B$ in cash and another 60B$ in short-term investments. So they have 135B$ to spend. judged by that number Google is too conservative.
That's incorrect. They have $75 billion in total 'cash.' $15 billion is listed as cash and $60 billion is listed as short-term investments (as of Q1 2016).
http://finance.yahoo.com/quote/GOOGL/financials?p=GOOGL