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Financial Tables

(Figures in thousands, except per share amounts)

Full year Financial Tables with 2008, 2007, 2006, 2005, 2004, 2003 quarterly data.

Income Statement
  Full Year 2008
Revenue 2002 2003 2004 2005 2006 2007 (unaudited)
Q1
Revenues 439,508 1,465,934 3,189,223 6,138,560 10,604,917 16,593,986 5,186,043
Y/Y Growth rate 409% 234% 118% 92% 73% 56% 42%
Q/Q Growth rate NA NA NA NA NA NA 7%
      Google web sites 306,978 792,063 1,589,032 3,377,061 6,332,797 10,624,705    3,400,405
      Y/Y Growth rate 359% 158% 101% 113% 88% 68% 49%
      Q/Q Growth rate NA NA NA NA NA NA 9%
      Google network web sites 103,937 628,600 1,554,256 2,687,942 4,159,831 5,787,938    1,686,141
      Y/Y Growth rate NA 505% 147% 73% 55% 39% 25%
      Q/Q Growth rate NA NA NA NA NA NA 3%
Total advertising revenues 410,915 1,420,663 3,143,288 6,065,003 10,492,628 16,412,643    5,086,546
Y/Y Growth rate 514% 246% 121% 93% 73% 56% 40%
Q/Q Growth rate NA NA NA NA NA NA 7%
Licensing & other revenues 28,593 45,271 45,935 73,558 112,289 181,343          99,497
Y/Y Growth rate 47% 58% 1% 60% 53% 61% 172%
As % of revenues  
Google web sites 70% 54% 50% 55% 60% 64% 66%
Google network web sites 24% 43% 49% 44% 39% 35% 33%
Licensing & other revenue 6% 3% 1% 1% 1% 1% 1%
Cost  
Cost of revenues* 132,575 634,411 1,468,967 2,577,088 4,225,027 6,649,085    2,110,536
As % of revenues 30% 43% 46% 42% 40% 40% 41%
      Traffic acquisition cost 94,457 526,533 1,228,677 2,114,942 3,308,777 4,933,878    1,486,384
      As % of revenues 21% 36% 39% 34% 31% 30% 29%
      Other cost of revenues* 38,118 107,878 240,290 462,146 916,250 1,715,207       624,152
      As % of revenues 9% 7% 8% 8% 9% 10% 12%
Research & development* 40,494 229,605 395,164 599,510 1,228,589 2,119,985       673,069
As % of revenues 9% 16% 12% 10% 12% 13% 13%
Sales & marketing* 48,783 164,935 295,749 468,152 849,518 1,461,266       446,898
As % of revenues 11% 11% 9% 8% 8% 9% 9%
General & administrative* 31,190 94,519 188,151 386,532 751,787 1,279,250       409,305
As % of revenues 7% 6% 13% 6% 7% 8% 8%
Settlement of dispute with Yahoo NA NA 201,000 NA NA NA NA
As % of revenues NA NA 6% NA NA NA NA
Contribution to Google Foundation NA NA NA 90,000  NA  NA  NA 
As % of revenues NA NA NA 1% NA NA NA
Total costs & expenses* 253,042 1,123,470 2,549,031 4,121,282 7,054,921 11,509,586    3,639,808
Y/Y Growth rate 235% 344% 127% 62% 71% 69% 49%
Q/Q Growth rate NA NA NA NA NA NA 7%
Profitability  
Income from operations 186,466 342,464 640,192 2,017,278 3,549,996 5,084,400    1,546,235
As % of revenues 42% 23% 20% 33% 33% 31% 30%
Net income 99,656 105,648 399,119 1,465,397 3,077,446 4,203,720    1,307,086
As % of revenues 23% 7% 13% 24% 29% 25% 25%
EPS (as reported)  
Basic $0.86 $0.77 $2.07 $5.31 $10.21 $13.53 $4.17
Diluted $0.45 $0.41 $1.46 $5.02 $9.94 $13.29 $4.12
Number of shares ('000)  
Basic 115,242 137,697 193,176 275,844 301,403 310,806       313,129
Diluted 220,633 256,638 272,781 291,874 309,548 316,210       317,392
     
Balance Sheet & Cash Flow Statement
  Full Year 2008
  2002 2003 2004 2005 2006 2007 (unaudited)
Q1
Cash & marketable securities 146,331 334,718 2,132,297 8,034,247 11,243,914 14,218,613  12,134,508
Accounts receivable 61,994 154,690 311,836 687,976 1,322,340 2,162,521    2,560,909
DSO (in days, using ending AR) 51 39 36 41  46 48                 45
Property and equipment, net 53,873 188,255 378,916 961,749 2,395,239 4,039,261    4,741,724
Total assets 286,892 871,458 3,313,351 10,271,813 18,473,351 25,335,806 27,604,982
Cash flow from operations 155,265 395,445 977,044 2,459,422 3,580,508 5,775,410    1,779,446
Capital expenditures 37,198 176,801 318,995 838,217 1,902,798 2,402,840       841,597
     
Supplemental Information
  Full Year 2008
  2002 2003 2004 2005 2006 2007 (unaudited)
Q1
Stock-based compensation 21,635 229,361 278,746 200,709 458,100 868,646       280,779
Int'l revenues as % of total revenues 22% 29% 34% 39% 43% 48% 51%
Ending permanent headcount 682 1,628 3,021 5,680 10,674 16,805          19,156
Sequential headcount growth rate 140% 139% 86% 88% 88% 57% 14%

* Includes stock-based compensation charges