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Financial Info
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(numbers in thousands except EPS & headcount)
Full year Financial Tables with 2008, 2007, 2006, 2005, 2004, 2003 quarterly data.
Income Statement
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| |
Full Year |
2006 |
| Revenue |
2002 |
2003 |
2004 |
2005 |
2006 |
Q1 |
Q2 |
Q3 |
Q4 |
| Revenues |
439,508 |
1,465,934 |
3,189,223 |
6,138,560 |
10,604,917 |
2,253,755 |
2,455,991 |
2,689,673 |
3,205,498 |
| Y/Y Growth rate |
409% |
234% |
118% |
92% |
73% |
79% |
77% |
70% |
67% |
| Q/Q Growth rate |
NA |
NA |
NA |
NA |
NA |
17% |
9% |
10% |
19% |
| Google web sites |
306,978 |
792,063 |
1,589,032 |
3,377,061 |
6,332,797 |
1,297,317 |
1,432,461 |
1,625,977 |
1,977,042 |
| Y/Y Growth rate |
359% |
158% |
101% |
113% |
88% |
97% |
94% |
84% |
80% |
| Q/Q Growth rate |
NA |
NA |
NA |
NA |
NA |
18% |
10% |
14% |
22% |
| Google network web sites |
103,937 |
628,600 |
1,554,256 |
2,687,942 |
4,159,831 |
928,376 |
996,567 |
1,037,022 |
1,197,867 |
| Y/Y Growth rate |
NA |
505% |
147% |
73% |
55% |
59% |
58% |
54% |
50% |
| Q/Q Growth rate |
NA |
NA |
NA |
NA |
NA |
16% |
7% |
4% |
16% |
| Total advertising revenues |
410,915 |
1,420,663 |
3,143,288 |
6,065,003 |
10,492,628 |
2,225,693 |
2,429,028 |
2,662,999 |
3,174,909 |
| Y/Y Growth rate |
514% |
246% |
121% |
93% |
73% |
79% |
78% |
71% |
67% |
| Q/Q Growth rate |
NA |
NA |
NA |
NA |
NA |
17% |
9% |
10% |
19% |
| Licensing & other revenues |
28,593 |
45,271 |
45,935 |
73,558 |
112,289 |
28,062 |
26,963 |
26,674 |
30,589 |
| Y/Y Growth rate |
47% |
58% |
1% |
60% |
53% |
82% |
58% |
42% |
37% |
| As % of revenues |
|
| Google web sites |
70% |
54% |
50% |
55% |
60% |
58% |
58% |
60% |
62% |
| Google network web sites |
24% |
43% |
49% |
44% |
39% |
41% |
41% |
39% |
37% |
| Licensing & other revenue |
6% |
3% |
1% |
1% |
1% |
1% |
1% |
1% |
1% |
 |
| Cost |
 |
|
|
|
|
| Cost of revenues* |
132,575 |
634,411 |
1,468,967 |
2,577,088 |
4,225,027 |
904,119 |
989,032 |
1,048,728 |
1,283,148 |
| As % of revenues |
30% |
43% |
46% |
42% |
40% |
40% |
40% |
39% |
40% |
| Traffic acquisition cost |
94,457 |
526,533 |
1,228,677 |
2,114,942 |
3,308,777 |
722,736 |
785,159 |
825,264 |
975,618 |
| As % of revenues |
21% |
36% |
39% |
34% |
31% |
32% |
32% |
31% |
30% |
| Other cost of revenues* |
38,118 |
107,878 |
240,290 |
462,146 |
916,250 |
181,383 |
203,873 |
223,464 |
307,530 |
| As % of revenues |
9% |
7% |
8% |
8% |
9% |
8% |
8% |
8% |
10% |
| Research & development* |
40,494 |
229,605 |
395,164 |
599,510 |
1,228,589 |
246,599 |
282,552 |
312,632 |
386,806 |
| As % of revenues |
9% |
16% |
12% |
10% |
12% |
11% |
12% |
12% |
12% |
| Sales & marketing* |
48,783 |
164,935 |
295,749 |
468,152 |
849,518 |
190,943 |
196,397 |
206,972 |
255,206 |
| As % of revenues |
11% |
11% |
9% |
8% |
8.0% |
8% |
8% |
8% |
8% |
| General & administrative* |
31,190 |
94,519 |
188,151 |
386,532 |
751,787 |
169,395 |
172,638 |
190,010 |
219,744 |
| As % of revenues |
7% |
6% |
13% |
6% |
7% |
8% |
7% |
7% |
7% |
| Settlement of dispute with Yahoo |
NA |
NA |
201,000 |
NA |
NA |
NA |
NA |
NA |
NA |
| As % of revenues |
NA |
NA |
6% |
NA |
NA |
NA |
NA |
NA |
NA |
| Contribution to Google Foundation |
NA |
NA |
NA |
90,000 |
NA |
NA |
NA |
NA |
NA |
| As % of revenues |
NA |
NA |
NA |
1% |
NA |
NA |
NA |
NA |
NA |
| Total costs & expenses* |
253,042 |
1,123,470 |
2,549,031 |
4,121,282 |
7,054,921 |
1,511,056 |
1,640,619 |
1,758,342 |
2,144,904 |
| Y/Y Growth rate |
235% |
344% |
127% |
62% |
71% |
86% |
81% |
68% |
59% |
| Q/Q Growth rate |
NA |
NA |
NA |
NA |
NA |
12% |
9% |
7% |
22% |
 |
| Profitability |
 |
|
|
|
|
| Income from operations |
186,466 |
342,464 |
640,192 |
2,017,278 |
3,549,996 |
742,699 |
815,372 |
931,331 |
1,060,594 |
| As % of revenues |
42% |
23% |
20% |
33% |
33% |
33% |
33% |
35% |
33% |
| Net income |
99,656 |
105,648 |
399,119 |
1,465,397 |
3,077,446 |
592,291 |
721,077 |
733,361 |
1,030,716 |
| As % of revenues |
23% |
7% |
13% |
24% |
29% |
26% |
29% |
27% |
32% |
| EPS (as reported) |
|
| Basic |
$0.86 |
$0.77 |
$2.07 |
$5.31 |
$10.21 |
$2.02 |
$2.39 |
$2.42 |
$3.36 |
| Diluted |
$0.45 |
$0.41 |
$1.46 |
$5.02 |
$9.94 |
$1.95 |
$2.33 |
$2.36 |
$3.29 |
| Number of shares ('000) |
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| Basic |
115,242 |
137,697 |
193,176 |
275,844 |
301,403 |
293,896 |
301,410 |
303,400 |
306,906 |
| Diluted |
220,633 |
256,638 |
272,781 |
291,874 |
309,548 |
304,123 |
310,038 |
310,574 |
313,459 |
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Balance Sheet & Cash Flow Statement
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| |
Full Year |
2006 |
| |
2002 |
2003 |
2004 |
2005 |
2006 |
Q1 |
Q2 |
Q3 |
Q4 |
| Cash & marketable securities |
146,331 |
334,718 |
2,132,297 |
8,034,247 |
11,243,914 |
8,429,028 |
9,821,632 |
10,428,715 |
11,243,914 |
| Accounts receivable |
61,994 |
154,690 |
311,836 |
687,976 |
1,322,340 |
844,378 |
885,088 |
1,031,055 |
1,322,340 |
| DSO (in days, using ending AR) |
51 |
39 |
36 |
41 |
46 |
34 |
33 |
35 |
38 |
| Property and equipment, net |
53,873 |
188,255 |
378,916 |
961,749 |
2,395,239 |
1,209,681 |
1,799,766 |
2,174,314 |
2,395,239 |
| Total assets |
286,892 |
871,458 |
3,313,351 |
10,271,813 |
18,473,351 |
11,294,870 |
14,396,006 |
15,693,232 |
18,473,351 |
| Cash flow from operations |
155,265 |
395,445 |
977,044 |
2,459,422 |
3,580,508 |
824,804 |
840,586 |
1,004,324 |
910,794 |
| Capital expenditures |
37,198 |
176,801 |
318,995 |
838,217 |
1,902,798 |
344,938 |
699,000 |
492,222 |
366,638 |
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Supplemental Information
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Full Year |
2006 |
| |
2002 |
2003 |
2004 |
2005 |
2006 |
Q1 |
Q2 |
Q3 |
Q4 |
| Stock-based compensation |
21,635 |
229,361 |
278,746 |
200,709 |
458,100 |
114,664 |
109,149 |
99,860 |
134,427 |
| Int'l revenues as % of total revenues |
22% |
29% |
34% |
39% |
43% |
42% |
42% |
44% |
44% |
| Ending permanent headcount |
682 |
1,628 |
3,021 |
5,680 |
10,674 |
6,790 |
7,942 |
9,378 |
10,674 |
| Sequential headcount growth rate |
140% |
139% |
86% |
88% |
88% |
20% |
17% |
18% |
14% |
* Includes Stock-based compensation charges
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