2007 Financial Tables

Full year financial tables with quarterly data.

Income Statement

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

Full Year 2007

Revenues

2005 2006 2007 Q1 Q2 Q3 Q4
Revenues 6,138,560 10,604,917 16,593,986 3,663,971 3,871,985 4,231,351 4,826,679
Y/Y Growth Rate 92% 73% 56% 63% 58% 57% 51%
Q/Q Growth Rate NA NA NA 14% 6% 9% 14%
Google web sites 3,377,061 6,332,797 10,624,705 2,282,121 2,486,290 2,734,756 3,121,539
Y/Y Growth Rate 113% 88% 68% 76% 74% 68% 58%
Q/Q Growth Rate NA NA NA 15% 9% 10% 14%
Google Network web sites 2,687,942 4,159,831 5,787,938 1,345,329 1,352,051 1,454,721 1,635,836
Y/Y Growth Rate 73% 55% 39% 45% 36% 40% 37%
Q/Q Growth Rate NA NA NA 12% 0% 8% 12%
Total Advertising Revenues 6,065,003 10,492,628 16,412,643 3,627,450 3,838,341 4,189,477 4,757,375
Y/Y Growth Rate 93% 73% 56% 63% 58% 57% 50%
Q/Q Growth Rate NA NA NA 14% 6% 9% 14%
Licensing & other revenues 73,558 112,289 181,343 36,521 33,644 41,874 69,304
Y/Y Growth Rate 60% 53% 61% 30% 25% 57% 127%
Q/Q Growth Rate NA NA NA 19% -8% 24% 66%
As % of Revenues
Google web sites 55% 60% 64% 62% 64% 65% 65%
Google Network web sites 44% 39% 35% 37% 35% 34% 34%
Licensing & other revenue 1% 1% 1% 1% 1% 1% 1%
Full Year 2007

Cost

2005 2006 2007 Q1 Q2 Q3 Q4
Cost of Revenues* 2,577,088 4,225,027 6,649,085 1,470,426 1,560,255 1,662,579 1,955,825
As % of Revenues 42% 40% 40% 40% 40% 39% 41%
Traffic Acquisition Cost 2,114,942 3,308,777 4,933,878 1,125,032 1,147,913 1,221,120 1,439,814
As % of Revenues 34% 31% 30% 31% 30% 29% 30%
Other Cost of Revenues* 462,146 916,250 1,715,207 345,394 412,342 441,459 516,011
As % of Revenues 8% 9% 10% 9% 11% 10% 11%
Research & Development* 599,510 1,228,589 2,119,985 408,384 532,106 548,712 630,783
As % of Revenues 10% 12% 13% 11% 14% 13% 13%
Sales & Marketing* 468,152 849,518 1,461,266 302,552 355,604 380,820 422,291
As % of Revenues 8% 8% 9% 8% 9% 9% 9%
General & Administrative* 386,532 751,787 1,279,250 261,400 319,405 321,398 377,046
As % of Revenues 6% 7% 8% 7% 8% 8% 8%
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 90,000 NA NA NA NA NA NA
As % of Revenues 1% NA NA NA NA NA NA
Total Costs & Expenses* 4,121,282 7,054,921 11,509,586 2,442,762 2,767,370 2,913,509 3,385,945
Y/Y Growth Rate 62% 71% 63% 62% 69% 66% 58%
Q/Q Growth Rate NA NA NA 14% 13% 5% 16%
Full Year 2007

Profitability

2005 2006 2007 Q1 Q2 Q3 Q4
Income from operations 2,017,278 3,549,996 5,084,400 1,221,209 1,104,615 1,317,842 1,440,734
As % of Revenues 33% 34% 31% 33% 29% 31% 30%
Net Income 1,465,397 3,077,446 4,203,720 1,002,162 925,120 1,069,989 1,206,449
As % of Revenues 24% 29% 25% 27% 24% 25% 25%
EPS (As reported)
Basic $ 5.31 $ 10.21 $ 13.53 $ 3.24 $ 2.98 $ 3.44 $ 3.86
Diluted $ 5.02 $ 9.94 $ 13.29 $ 3.18 $ 2.93 $ 3.38 $ 3.79
Number of Shares ('000)
Basic 275,844 301,403 310,806 309,315 310,436 311,221 312,251
Diluted 291,874 309,548 316,210 314,870 315,469 316,576 317,925

Balance Sheet & Cash Flow Statement

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

Full Year 2007
2005 2006 2007 Q1 Q2 Q3 Q4
Cash & Marketable Securities 8,034,247 11,243,914 14,218,613 11,935,919 12,503,535 13,087,345 14,218,613
Accounts Receivable 687,976 1,322,340 2,162,521 1,477,090 1,648,680 1,887,860 2,162,521
DSO (in days, using ending AR) 41 46 48 37 39 41 41
Property and equipment, net 961,749 2,395,239 4,039,261 2,826,717 3,219,280 3,588,814 4,039,261
Total Assets 10,271,813 18,473,351 25,335,806 20,015,438 21,423,885 23,340,650 25,335,806
Cash Flow from Operations 2,459,422 3,580,508 5,775,410 1,219,593 1,229,926 1,632,643 1,693,248
Capital Expenditures 838,217 1,902,798 2,402,840 596,893 575,098 552,640 678,210

Supplemental Information

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

Full Year 2007
2005 2006 2007 Q1 Q2 Q3 Q4
Stock-based compensation 200,709 458,100 868,646 183,866 241,524 197,956 245,300
Int'l revenues as % of Total Revenues 39% 43% 48% 47% 48% 48% 48%
Ending Permanent Headcount 5,680 10,674 16,805 12,238 13,786 15,916 16,805
Sequential Headcount Growth Rate 88% 88% 57% 15% 13% 15% 6%

* Includes stock-based compensation charges