Investor Relations

Financial Tables

Full year Financial Tables with 2009, 2008, 2007, 2006, 2005, 2004, 2003 quarterly data.

Income Statement

(Figures in thousands, except per share amounts and EPS)

	Full Year			2003
Revenues	2001	2002	2003	Q1	Q2	Q3	Q4
Revenues	86,426	439,508	1,465,934	248,618	311,199	393,942	512,175
Y/Y Growth Rate	352%	409%	234%	488%	296%	201%	173%
Q/Q Growth Rate	NA	NA	NA	32%	25%	27%	30%
Google web sites	66,932	306,978	792,063	157,900	183,102	207,239	243,822
Y/Y Growth Rate	NA	359%	158%	341%	209%	124%	104%
Q/Q Growth Rate	NA	NA	NA	32%	16%	13%	18%
Google Network web sites	0	103,937	628,600	81,218	117,583	174,444	255,355
Y/Y Growth Rate	NA	NA	505%	17329%	845%	462%	326%
Q/Q Growth Rate	NA	NA	NA	35%	45%	48%	46%
Total Advertising Revenues	66,932	410,915	1,420,663	239,118	300,685	381,683	499,177
Y/Y Growth Rate	NA	514%	246%	560%	320%	209%	178%
Q/Q Growth Rate	NA	NA	NA	33%	26%	27%	31%
Licensing & other revenues	19,494	28,593	45,271	9,500	10,514	12,259	12,998
Y/Y Growth Rate	NA	47%	58%	57%	53%	73%	51%
Q/Q Growth Rate	NA	NA	NA	10%	11%	17%	6%
As % of Revenues
Google web sites	77%	70%	54%	64%	59%	53%	48%
Google Network web sites	0%	24%	43%	33%	38%	44%	50%
Licensing & other revenue	23%	6%	3%	4%	3%	3%	2%

	Full Year			2003
				(unaudited)
Cost	2001	2002	2003	Q1	Q2	Q3	Q4
Cost of Revenues*	15,104	132,575	634,411	88,647	118,762	173,398	253,604
As % of Revenues	17%	30%	43%	36%	38%	44%	50%
Traffic Acquisition Cost	0	94,457	526,533	70,131	96,559	143,487	216,356
As % of Revenues	0%	21%	36%	28%	31%	36%	42%
Other Cost of Revenues*	15,104	38,118	107,878	18,516	22,203	29,911	37,248
As % of Revenues	17%	9%	7%	7%	7%	8%	7%
Research & Development*	20,940	40,494	229,605	31,928	36,306	76,652	84,719
As % of Revenues	24%	9%	16%	13%	12%	19%	17%
Sales & Marketing*	21,743	48,783	164,935	25,385	31,915	52,394	55,241
As % of Revenues	25%	11%	11%	10%	10%	13%	11%
General & Administrative*	17,675	31,190	94,519	17,952	19,432	24,942	32,193
As % of Revenues	20%	7%	6%	7%	6%	6%	6%
Settlement of dispute with Yahoo!	NA	NA	NA	NA	NA	NA	NA
As % of Revenues	NA	NA	NA	NA	NA	NA	NA
Contribution to Google Foundation		NA	NA
As % of Revenues		NA	NA
Total Costs & Expenses*	75,462	253,042	1,123,470	163,912	206,415	327,386	425,757
Y/Y Growth Rate	123%	235%	344%	505%	335%	343%	307%
Q/Q Growth Rate	NA	NA	NA	57%	26%	59%	30%

	Full Year			2003
				(unaudited)
Profitability	2001	2002	2003	Q1	Q2	Q3	Q4
Income from operations	10,964	186,466	342,464	84,706	104,784	66,556	86,418
As % of Revenues	13%	42%	23%	34%	34%	17%	17%
Net Income	6,985	99,656	105,648	25,800	32,168	20,426	27,254
As % of Revenues	8%	23%	7%	10%	10%	5%	5%
EPS (As reported)
Basic	$ 0.07	$ 0.86	$ 0.77	$ 0.20	$ 0.24	$ 0.14	$ 0.19
Diluted	$ 0.04	$ 0.45	$ 0.41	$ 0.10	$ 0.12	$ 0.08	$ 0.10
Number of Shares ('000)
Basic	94,523	115,242	137,697	127,339	135,710	141,412	146,326
Diluted	186,776	220,633	256,638	248,687	257,361	257,943	262,561

Balance Sheet & Cash Flow Statement

(Figures in thousands, except per share amounts and EPS)

	Full Year			2003
				(unaudited)
	2001	2002	2003	Q1	Q2	Q3	Q4
Cash & Marketable Securities	33,589	146,331	334,718	233,144	226,684	299,023	334,717
Accounts Receivable	18,117	61,994	154,690	79,811	98,479	118,879	154,690
DSO (in days, using ending AR)	77	51	39	29	29	27	27
Property and equipment, net	26,591	53,873	188,255	76,486	99,110	147,413	188,255
Total Assets	84,457	286,892	871,458	420,970	574,976	725,048	871,458
Cash Flow from Operations	31,089	155,265	395,445	113,198	63,976	131,727	86,544
Capital Expenditures	13,060	37,198	176,801	29,550	31,003	59,757	56,491

Supplemental Information

(Figures in thousands, except per share amounts and EPS)

	Full Year			2003
				(unaudited)
	2001	2002	2003	Q1	Q2	Q3	Q4
Stock-based compensation	12,383	21,635	229,361	36,418	34,165	73,794	84,984
Int'l revenues as % of Total Revenues	18%	22%	29%	27%	28%	30%	30%
Ending Permanent Headcount	284	682	1,628	889	1,154	1,406	1,628
Sequential Headcount Growth Rate	NA	140%	139%	30%	30%	22%	16%

* Includes stock-based compensation charges