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Financial Tables

(numbers in thousands except EPS & headcount)

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

Income Statement
  Full Year 2003
Revenue 2002 2003 Q1 Q2 Q3 Q4
Revenues 439,508 1,465,934 248,618 311,199 393,942 512,175
Y/Y Growth rate 409% 234% 488% 296% 201% 173%
Q/Q Growth rate NA NA 32% 25% 27% 30%
      Google web sites 306,978 792,063 157,900 183,102 207,239 243,822
      Y/Y Growth rate 359% 158% 341% 209% 124% 104%
      Q/Q Growth rate NA NA 32% 16% 13% 18%
      Google network web sites 103,937 628,600 81,218 117,583 174,444 255,354
      Y/Y Growth rate NA 505% 17,329% 845% 462% 326%
      Q/Q Growth rate NA NA 35% 45% 48% 46%
Total advertising revenues 410,915 1,420,663 239,118 300,685 381,683 499,176
Y/Y Growth rate 514% 246% 560% 320% 209% 178%
Q/Q Growth rate NA NA 33% 26% 27% 31%
Licensing & other revenues 28,593 45,271 9,500 10,514 12,259 12,998
Y/Y Growth rate 47% 58% 57% 53% 73% 51%
As % of revenues  
Google web sites 70% 54% 63% 59% 53% 48%
Google network web sites 24% 43% 33% 38% 44% 50%
Licensing & other revenue 6% 3% 4% 3% 3% 2%
Cost
Cost of revenues* 132,575 634,411 88,647 118,762 173,398 253,604
As % of revenues 30% 43% 36% 38% 44% 50%
      Traffic acquisition cost 94,457 526,533 70,131 96,559 143,487 216,356
      As % of revenues 21% 36% 28% 31% 36% 42%
      Other cost of revenues* 38,118 107,878 18,516 22,203 29,911 37,248
      As % of revenues 9% 7% 7% 7% 8% 7%
Research & development* 40,494 229,605 31,928 36,306 76,652 84,719
As % of revenues 9% 16% 13% 12% 19% 17%
Sales & marketing* 48,783 164,935 25,385 31,915 52,394 55,241
As % of revenues 11% 11% 10% 10% 13% 11%
General & administrative* 31,190 94,519 17,952 19,432 24,942 32,193
As % of revenues 7% 6% 7% 6% 6% 6%
Settlement of dispute with Yahoo NA NA NA NA NA NA
As % of revenues NA NA NA NA NA NA
Total costs & expenses* 253,042 1,123,470 163,912 206,415 327,386 425,757
Y/Y Growth rate 235% 344% 505% 335% 343% 307%
Q/Q Growth rate NA NA 57% 26% 59% 30%
Profitability
Income from operations 186,466 342,464 84,706 104,784 66,556 86,418
As % of revenues 42% 23% 34% 34% 17% 17%
Net income 99,656 105,648 25,800 32,168 20,426 27,254
As % of revenues 23% 7% 10% 10% 5% 5%
EPS (as reported)  
Basic $0.86 $0.77 $0.20 $0.24 $0.14 $0.19
Diluted $0.45 $0.41 $0.10 $0.12 $0.08 $0.10
Number of shares ('000)  
Basic 115,242 137,697 127,339 135,710 141,412 146,326
Diluted 220,633 256,638 248,687 257,361 257,943 262,561
     
Balance Sheet & Cash Flow Statement
  Full Year 2003
  2002 2003 Q1 Q2 Q3 Q4
Cash & marketable securities 146,331 334,718 233,144 226,684 299,023 334,717
Accounts receivable 61,994 154,690 79,811 98,479 118,879 154,690
DSO (in days, using ending AR) 51 39 29 29 27 27
Property and equipment, net 53,873 188,255 76,486 99,110 147,413 188,255
Total assets 286,892 871,458 420,970 574,976 725,048 871,458
Cash flow from operations 155,265 395,445 113,198 63,976 131,727 86,544
Capital expenditures 37,198 176,801 29,550 31,003 59,757 56,491
     
Supplemental Information
  Full Year 2003
  2002 2003 Q1 Q2 Q3 Q4
Stock-based compensation 21,635 229,361 36,418 34,165 73,794 84,984
Int'l revenues as % of total revenues 22% 29% 27% 28% 30% 30%
Ending permanent headcount 682 1,628 889 1,154 1,406 1,628
Sequential headcount growth rate 140% 139% 30% 30% 22% 16%

* Includes Stock-based compensation charges