Financial Tables
Full year Financial Tables with
2009,
2008,
2007,
2006,
2005,
2004,
2003 quarterly data.
Income Statement
(In thousands, except per share amounts)
| Revenues
| 16,593,986
| 21,795,550
| 23,650,563 |
5,508,990
| 5,522,897
| 5,944,851 |
6,673,825 |
| Y/Y Growth Rate
| 56%
| 31%
| 9% |
6%
| 3%
| 7% |
17% |
| Q/Q Growth Rate
| NA
| NA
| NA
| -3%
| 0%
| 8% |
12% |
| Google Web Sites
| 10,624,705
| 14,413,826
| 15,722,486 |
3,692,823
| 3,652,628
| 3,955,731 |
4,421,304 |
| Y/Y Growth Rate
| 68%
| 36% | 9% |
9%
| 3%
| 8% |
16% |
| Q/Q Growth Rate
| NA
| NA
| NA
| -3%
| -1%
| 8% |
12% |
| Google Network Web Sites
| 5,787,938
| 6,714,688
| 7,166,318 |
1,638,042
| 1,683,500
| 1,800,890 |
2,043,886 |
| Y/Y Growth Rate
| 39%
| 16% | 7% |
-3%
| 2%
| 7% |
21% |
| Q/Q Growth Rate
| NA
| NA
| NA
| -3%
| 3%
| 7% |
13% |
| Total Advertising Revenues
| 16,412,643
| 21,128,514
| 22,888,804 |
5,330,865
| 5,336,128
| 5,756,621 |
6,465,190 |
| Y/Y Growth Rate
| 56%
| 29% | 8% |
5%
| 3%
| 8% |
17% |
| Q/Q Growth Rate
| NA
| NA
| NA
| -3%
| 0%
| 8% |
12% |
| Licensing & Other Revenues
| 181,343
| 667,036
| 761,759 |
178,125
| 186,769
| 188,230 |
208,635 |
| Y/Y Growth Rate
| 61%
| 268% | 14% |
79%
| 3%
| -1% |
6% |
| Q/Q Growth Rate
| NA
| NA
| NA
| -9%
| 5%
| 1% |
11% |
| As % of Revenues
|
|
|
|
|
| |
|
| Google Web Sites
| 64%
| 66%
| 67% |
67%
| 66%
| 67% |
66% |
| Google Network Web Sites
| 35%
| 31% | 30% |
30%
| 31%
| 30% |
31% |
| Licensing & Other Revenues
| 1%
| 3%
| 3%
| 3%
| 3%
| 3% |
3% |
| Cost of Revenues*
| 6,649,085
| 8,621,506 | 8,844,115 |
2,101,504
| 2,107,971
| 2,226,240 |
2,408,400 |
| As % of Revenues
| 40%
| 40% | 37% |
38%
| 38%
| 37% |
36% |
| Traffic Acquisition Costs
| 4,933,878
| 5,938,951
| 6,169,416 |
1,435,960
| 1,453,354
| 1,559,216 |
1,720,886 |
| As % of Revenues
| 30%
| 28% | 26% |
26%
| 26%
| 26% |
26% |
| Other Cost of Revenues*
| 1,715,207
| 2,682,555
| 2,674,699 |
665,544
| 654,617
| 667,024 |
687,514 |
| As % of Revenues
| 10%
| 12% | 11% |
12%
| 12%
| 11% |
10% |
| Research & Development*
| 2,119,985
| 2,793,192
| 2,843,027 |
641,643
| 707,626
| 757,524 |
736,234 |
| As % of Revenues
| 13%
| 13% | 12% |
12%
| 13%
| 13% |
11% |
| Sales & Marketing*
| 1,461,266
| 1,946,244
| 1,983,941 |
433,941
| 469,039
| 497,812 |
583,149 |
| As % of Revenues
| 9%
| 9% | 8% |
8%
| 8%
| 8% |
9% |
| General & Administrative*
| 1,279,250
| 1,802,639
| 1,667,294 |
448,311
| 364,367
| 389,557 |
465,059 |
| As % of Revenues
| 8%
| 8% | 7% |
8%
| 7%
| 7% |
7% |
| Total Costs & Expenses*
| 11,509,586
| 15,163,581
| 15,338,377 |
3,625,399
| 3,649,003
| 3,871,133 |
4,192,842 |
| Y/Y Growth Rate
| 63%
| 32% | 1% |
0%
| -4%
| -1% |
9% |
| Q/Q Growth Rate
| NA
| NA
| NA |
-6%
| 1%
| 6% |
8% |
| Income from Operations
| 5,084,400
| 6,631,969
| 8,312,186 |
1,883,591
| 1,873,894
| 2,073,718 |
2,480,983 |
| As % of Revenues
| 31%
| 30%
| 35% |
34%
| 34%
| 35% |
37% |
| Impairment of Equity Investments
| NA
| (1,094,757)
| NA
| NA
| NA
| NA |
NA |
| As % of Revenues
| NA
| -5%
| NA
| NA
| NA
| NA |
NA |
| Net Income
| 4,203,720
| 4,226,858
| 6,520,448 |
1,422,828
| 1,484,545
| 1,638,975 |
1,974,100 |
| As % of Revenues
| 25%
| 19%
| 28% |
26%
| 27%
| 28% |
30% |
| EPS
|
|
|
|
|
|
| |
| Basic
| $ 13.53
| $ 13.46
| $20.62 |
$ 4.51
| $ 4.70
| $ 5.18 |
$6.22 |
| Diluted
| $ 13.29
| $ 13.31
| $20.41 |
$ 4.49
| $ 4.66
| $ 5.13 |
$6.13 |
| Number of Shares
|
|
|
|
|
| |
|
| Basic
| 310,806
| 313,959
| 316,221 |
315,252
| 315,901
| 316,497 |
317,237 |
| Diluted
| 316,210
| 317,514
| 319,416 |
317,221
| 318,536
| 319,746 |
322,163 |
Balance Sheet & Cash Flow Statement
(In thousands, except DSO)
| Cash, Cash Equivalents & Marketable Securities
| 14,218,613
| 15,845,771
| 24,484,775 |
17,784,933
| 19,344,006
| 21,994,391 |
24,484,775 |
| Accounts Receivable
| 2,162,521
| 2,642,192
| 3,178,471 |
2,543,105
| 2,701,912
| 2,807,341 |
3,178,471 |
| DSO (in days, using ending AR)
| 48
| 44
| 49 |
42
| 45
| 43 |
44 |
| Property and Equipment, Net
| 4,039,261
| 5,233,843 | 4,844,610 |
5,122,105
| 5,005,900
| 4,917,491 |
4,844,610 |
| Total Assets
| 25,335,806
| 31,767,575 | 40,496,778 |
33,513,029
| 35,158,760
| 37,702,845 |
40,496,778 |
| Cash Flow from Operations
| 5,775,410
| 7,852,857 | 9,316,198 |
2,249,512
| 1,609,172
| 2,725,983 |
2,731,531 |
| Capital Expenditures
| 2,402,840
| 2,358,461 | 809,888 |
262,755
| 139,437
| 186,339 |
221,357 |
Supplemental Information
(In thousands, except headcount data)
| Stock-Based Compensation Expense
| 868,646
| 1,119,766
| 1,164,054 |
277,483
| 293,070
| 317,527 |
275,974 |
International Revenues as % of Total Revenues
| 48%
| 51%
| 53% |
52%
| 53%
| 53% |
53% |
| Ending Permanent Headcount
| 16,805
| 20,222
| 19,835 |
20,164
| 19,786
| 19,665 |
19,835 |
| Sequential Headcount Growth Rate
| 57%
| 20%
| -2% |
0%
| -2%
| -1% |
1% |
* Includes stock-based compensation expense
