2006 Financial Tables

Full year financial tables with quarterly data.

Income Statement

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

Full Year 2006

Revenues

2004 2005 2006 Q1 Q2 Q3 Q4
Revenues 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 118% 92% 73% 79% 77% 70% 67%
Q/Q Growth Rate NA NA NA 17% 9% 10% 19%
Google web sites 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 101% 113% 88% 97% 94% 84% 80%
Q/Q Growth Rate NA NA NA 18% 10% 14% 22%
Google Network web sites 1,554,256 2,687,942 4,159,831 928,376 996,566 1,037,022 1,197,867
Y/Y Growth Rate 147% 73% 55% 59% 58% 54% 50%
Q/Q Growth Rate NA NA NA 16% 7% 4% 16%
Total Advertising Revenues 3,143,288 6,065,003 10,492,628 2,225,693 2,429,027 2,662,999 3,174,909
Y/Y Growth Rate 121% 93% 73% 79% 78% 71% 67%
Q/Q Growth Rate NA NA NA 17% 9% 10% 19%
Licensing & other revenues 45,935 73,558 112,289 28,062 26,964 26,674 30,589
Y/Y Growth Rate 1% 60% 53% 82% 58% 42% 37%
Q/Q Growth Rate NA NA NA 26% -4% -1% 15%
As % of Revenues
Google web sites 50% 55% 60% 58% 58% 60% 62%
Google Network web sites 49% 44% 39% 41% 41% 39% 37%
Licensing & other revenue 1% 1% 1% 1% 1% 1% 1%
Full Year 2006

Cost

2004 2005 2006 Q1 Q2 Q3 Q4
Cost of Revenues* 1,468,967 2,577,088 4,225,027 904,119 989,032 1,048,728 1,283,148
As % of Revenues 46% 42% 40% 40% 40% 39% 40%
Traffic Acquisition Cost 1,228,677 2,114,942 3,308,777 722,736 785,159 825,264 975,618
As % of Revenues 39% 34% 31% 32% 32% 31% 30%
Other Cost of Revenues* 240,290 462,146 916,250 181,383 203,873 223,464 307,530
As % of Revenues 8% 8% 9% 8% 8% 8% 10%
Research & Development* 395,164 599,510 1,228,589 246,599 282,552 312,632 386,806
As % of Revenues 12% 10% 12% 11% 12% 12% 12%
Sales & Marketing* 295,749 468,152 849,518 190,943 196,397 206,972 255,206
As % of Revenues 9% 8% 8% 8% 8% 8% 8%
General & Administrative* 188,151 386,532 751,787 169,395 172,638 190,010 219,744
As % of Revenues 13% 6% 7% 8% 7% 7% 7%
Settlement of dispute with Yahoo! 201,000 NA NA NA NA NA NA
As % of Revenues 6% NA NA NA NA NA NA
Contribution to Google Foundation NA 90,000 NA NA NA NA NA
As % of Revenues NA 1% NA NA NA NA NA
Total Costs & Expenses* 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 127% 62% 71% 86% 81% 68% 59%
Q/Q Growth Rate NA NA NA 12% 9% 7% 22%
Full Year 2006

Profitability

2004 2005 2006 Q1 Q2 Q3 Q4
Income from operations 640,192 2,017,278 3,549,996 742,699 815,372 931,331 1,060,594
As % of Revenues 20% 33% 34% 33% 33% 35% 33%
Net Income 399,119 1,465,397 3,077,446 592,291 721,077 733,361 1,030,716
As % of Revenues 13% 24% 29% 26% 29% 27% 32%
EPS (As reported)
Basic $ 2.07 $ 5.31 $ 10.21 $ 2.02 $ 2.39 $ 2.42 $ 3.36
Diluted $ 1.46 $ 5.02 $ 9.94 $ 1.95 $ 2.33 $ 2.36 $ 3.29
Number of Shares ('000)
Basic 193,176 275,844 301,403 293,896 301,410 303,400 306,906
Diluted 272,781 291,874 309,548 304,123 310,038 310,574 313,459

Balance Sheet & Cash Flow Statement

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

Full Year 2006
2004 2005 2006 Q1 Q2 Q3 Q4
Cash & Marketable Securities 2,132,297 8,034,247 11,243,914 8,429,028 9,821,632 10,428,715 11,243,914
Accounts Receivable 311,836 687,976 1,322,340 844,378 885,088 1,031,055 1,322,340
DSO (in days, using ending AR) 36 41 46 34 33 35 38
Property and equipment, net 378,916 961,749 2,395,239 1,209,681 1,799,766 2,174,314 2,395,239
Total Assets 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 977,044 2,459,422 3,580,508 824,804 840,586 1,004,324 910,794
Capital Expenditures 318,995 838,217 1,902,798 344,938 699,000 492,222 366,638

Supplemental Information

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

Full Year 2006
2004 2005 2006 Q1 Q2 Q3 Q4
Stock-based compensation 278,746 200,709 458,100 114,664 109,149 99,860 134,427
Int'l revenues as % of Total Revenues 34% 39% 43% 42% 42% 44% 44%
Ending Permanent Headcount 3,021 5,680 10,674 6,790 7,942 9,378 10,674
Sequential Headcount Growth Rate 86% 88% 88% 20% 17% 18% 14%

* Includes stock-based compensation charges