2005 Financial Tables

Full year financial tables with quarterly data.

Income Statement

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

Full Year 2005

Revenues

2003 2004 2005 Q1 Q2 Q3 Q4
Revenues 1,465,934 3,189,223 6,138,560 1,256,516 1,384,495 1,578,456 1,919,093
Y/Y Growth Rate 234% 118% 92% 93% 98% 96% 86%
Q/Q Growth Rate NA NA NA 22% 10% 14% 22%
Google web sites 792,063 1,589,032 3,377,061 656,997 737,172 884,679 1,098,213
Y/Y Growth Rate 158% 101% 113% 116% 115% 115% 107%
Q/Q Growth Rate NA NA NA 24% 12% 20% 24%
Google Network web sites 628,600 1,554,256 2,687,942 584,115 630,242 675,012 798,573
Y/Y Growth Rate 505% 147% 73% 75% 82% 76% 63%
Q/Q Growth Rate NA NA NA 19% 8% 7% 18%
Total Advertising Revenues 1,420,663 3,143,288 6,065,003 1,241,112 1,367,414 1,559,691 1,896,786
Y/Y Growth Rate 246% 121% 93% 95% 98% 96% 86%
Q/Q Growth Rate NA NA NA 22% 10% 14% 22%
Licensing & other revenues 45,271 45,935 73,558 15,405 17,081 18,765 22,307
Y/Y Growth Rate 58% 1% 60% 7% 62% 89% 101%
Q/Q Growth Rate NA NA NA 39% 11% 10% 19%
As % of Revenues
Google web sites 54% 50% 55% 52% 53% 56% 57%
Google Network web sites 43% 49% 44% 47% 46% 43% 42%
Licensing & other revenue 3% 1% 1% 1% 1% 1% 1%
Full Year 2005

Cost

2003 2004 2005 Q1 Q2 Q3 Q4
Cost of Revenues* 634,411 1,468,967 2,577,088 546,781 598,119 655,154 777,035
As % of Revenues 43% 46% 42% 44% 43% 42% 40%
Traffic Acquisition Cost 526,533 1,228,677 2,114,942 461,807 494,320 529,874 628,941
As % of Revenues 36% 39% 34% 37% 36% 34% 33%
Other Cost of Revenues* 107,878 240,290 462,146 84,974 103,799 125,280 148,094
As % of Revenues 7% 8% 8% 7% 7% 7% 8%
Research & Development* 229,605 395,164 599,510 108,711 123,134 177,793 189,871
As % of Revenues 16% 12% 10% 9% 9% 11% 10%
Sales & Marketing* 164,935 295,749 468,152 89,488 104,546 111,487 162,632
As % of Revenues 11% 9% 8% 7% 8% 7% 8%
General & Administrative* 94,519 188,151 386,532 68,766 82,998 104,851 129,915
As % of Revenues 6% 13% 6% 5% 6% 7% 7%
Settlement of dispute with Yahoo! NA 201,000 NA NA NA NA NA
As % of Revenues NA 6% NA NA NA NA NA
Contribution to Google Foundation NA NA 90,000 NA NA NA 90,000
As % of Revenues NA NA 1% NA NA NA 5%
Total Costs & Expenses* 1,123,470 2,549,031 4,121,282 813,746 908,797 1,049,285 1,349,453
Y/Y Growth Rate 344% 127% 62% 64% 72% 32% 85%
Q/Q Growth Rate NA NA NA 12% 12% 15% 29%
Full Year 2005

Profitability

2003 2004 2005 Q1 Q2 Q3 Q4
Income from operations 342,464 640,192 2,017,278 442,770 475,698 529,171 569,640
As % of Revenues 23% 20% 33% 35% 34% 34% 30%
Net Income 105,648 399,119 1,465,397 369,193 342,814 381,182 372,208
As % of Revenues 7% 13% 24% 29% 25% 24% 19%
EPS (As reported)
Basic $ 0.77 $ 2.07 $ 5.31 $ 1.39 $ 1.27 $ 1.39 $ 1.28
Diluted $ 0.41 $ 1.46 $ 5.02 $ 1.29 $ 1.19 $ 1.32 $ 1.22
Number of Shares ('000)
Basic 137,697 193,176 275,844 266,106 270,729 275,130 291,411
Diluted 256,638 272,781 291,874 286,612 287,238 289,673 303,972

Balance Sheet & Cash Flow Statement

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

Full Year 2005
2003 2004 2005 Q1 Q2 Q3 Q4
Cash & Marketable Securities 334,718 2,132,297 8,034,247 2,507,298 2,947,967 7,630,147 8,034,247
Accounts Receivable 154,690 311,836 687,976 371,905 419,238 541,815 687,976
DSO (in days, using ending AR) 39 36 41 27 28 31 33
Property and equipment, net 188,255 378,916 961,749 474,829 576,597 803,078 961,749
Total Assets 871,458 3,313,351 10,271,813 3,865,199 4,497,718 9,451,001 10,271,813
Cash Flow from Operations 395,445 977,044 2,459,422 529,622 624,619 646,747 658,434
Capital Expenditures 176,801 318,995 838,217 142,391 157,463 292,532 245,831

Supplemental Information

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

Full Year 2005
2003 2004 2005 Q1 Q2 Q3 Q4
Stock-based compensation 229,361 278,746 200,709 48,908 47,338 46,308 58,154
Int'l revenues as % of Total Revenues 29% 34% 39% 39% 39% 39% 38%
Ending Permanent Headcount 1,628 3,021 5,680 3,482 4,183 4,989 5,680
Sequential Headcount Growth Rate 139% 86% 88% 15% 20% 19% 14%

* Includes stock-based compensation charges