2010 Financial Tables

Full year financial tables with quarterly data.

Google's Income Statement Information

(In millions, except share amounts which are reflected in thousands and per share amounts)

Full Year 2010
(unaudited) (unaudited)

Revenues

2008 2009 2010 Q1 Q2 Q3 Q4
Revenues         21,796         23,651 29,321           6,775 6,820 7,286

8,440

    Y/Y Growth Rate 31% 9% 24% 23% 24% 23% 26%
    Q/Q Growth Rate NA NA NA 2% 1% 7% 16%
    Google Web Sites         14,414         15,723 19,444           4,439 4,499 4,833 5,672
    Y/Y Growth Rate 36% 9% 24% 20% 23% 22% 28%
    Q/Q Growth Rate NA NA NA 0% 1% 7% 17%
    Google Network Web Sites           6,715           7,166 8,792           2,036 2,063 2,199 2,495
    Y/Y Growth Rate 16% 7% 23% 24% 23% 22% 22%
    Q/Q Growth Rate NA NA NA 0% 1% 7% 13%
Total Advertising Revenues         21,129         22,889 28,236           6,475 6,562 7,032 8,167
    Y/Y Growth Rate 29% 8% 23% 21% 23% 22% 26%
    Q/Q Growth Rate NA NA NA 0% 1% 7% 16%
Other Revenues              667              762 1,085              300 258 254 273
    Y/Y Growth Rate 268% 14% 42% 68% 39% 35% 31%
    Q/Q Growth Rate NA NA NA 43% -13% -2% 7%
As % of Revenues              
    Google Web Sites 66% 67% 66% 66% 66% 67% 67%
    Google Network Web Sites 31% 30% 30% 30% 30% 30% 30%
    Other Revenues 3% 3% 4% 4% 4% 3% 3%
Full Year 2010
(unaudited) (unaudited)

Costs

2008 2009 2010 Q1 Q2 Q3 Q4
Cost of Revenues*           8,622           8,844 10,417           2,452 2,467 2,552 2,946
    As % of Revenues 40% 37% 36% 36% 36% 35% 35%
    Traffic Acquisition Cost           5,939           6,169 7,317           1,711 1,732 1,805 2,069
    As % of Revenues 28% 26% 25% 25% 25% 25% 25%
    Other Cost of Revenues*           2,683           2,675 3,100              741 735 747 877
    As % of Revenues 12% 11% 11% 11% 11% 10% 10%
Research & Development*           2,793           2,843 3,762              818 898 994 1,051
    As % of Revenues 13% 12% 13% 12% 13% 14% 12%
Sales & Marketing*           1,946           1,984 2,799              607 629 661 902
    As % of Revenues 9% 8% 10% 9% 9% 9% 11%
General & Administrative*           1,803           1,668 1,962              410 461 532 559
    As % of Revenues 8% 7% 7% 6% 7% 7% 7%
Total Costs & Expenses*         15,164         15,339 18,940           4,287 4,455 4,739 5,458
    Y/Y Growth Rate 32% 1% 23% 18% 22% 22% 30%
    Q/Q Growth Rate NA NA  NA 2% 4% 6% 15%
Full Year 2010
(unaudited) (unaudited)

Profitability

2008 2009 2010 Q1 Q2 Q3 Q4
Income from Operations           6,632           8,312 10,381           2,488 2,365 2,547 2,982
    As % of Revenues 30% 35% 35% 37% 35% 35% 35%
Impairment of Equity Investments         (1,095) NA NA NA NA NA NA
    As % of Revenues -5% NA NA NA NA NA NA
Net Income           4,227           6,520 8,505           1,955 1,840 2,167 2,543
    As % of Revenues 19% 28% 29% 29% 27% 30% 30%
EPS              
    Basic  $       13.46  $       20.62  $       26.69  $         6.15  $         5.78  $         6.80  $         7.95
    Diluted  $       13.31  $       20.41  $       26.31  $         6.06  $         5.71  $         6.72  $         7.81
Number of Shares              
    Basic      313,959      316,221      318,702      317,895      318,350      318,617      319,946
    Diluted      317,514      319,416      323,251      322,608      322,486      322,377      325,536

Balance Sheet & Cash Flow Statement Information

(In millions, except DSO)

Full Year 2010
(unaudited) (unaudited)
2008 2009 2010 Q1 Q2 Q3 Q4
Cash, Cash Equivalents &
Marketable Securities
        15,846         24,485         34,975         26,514         30,059         33,380         34,975
Accounts Receivable, Net of Allowance           2,642           3,178           4,252           3,084           3,308           3,616           4,252
    DSO (in days, using ending AR)                44                49                53                41                44                46                46
Property and Equipment, net           5,234           4,845           7,759           4,773           4,920           5,506           7,759
Total Assets         31,768         40,497         57,851         42,871         48,045         53,342         57,851
Cash Flow from Operations           7,853           9,316          11,081           2,584           2,085           2,886           3,526
Capital Expenditures           2,358              810           4,018              239              476              757           2,545

Supplemental Information

(In millions, except headcount data)

Full Year 2010
(unaudited) (unaudited)
2008 2009 2010 Q1 Q2 Q3 Q4
Stock-Based Compensation Expense 1,120 1,164 1,376 291 309 380 396
International Revenues as % of Total Revenues 51% 53% 52% 53% 52% 52% 52%
Ending Permanent Headcount 20,222 19,835 24,400 20,621 21,805 23,331 24,400
    Sequential Headcount Growth Rate 20% -2% 23% 4% 6% 7% 5%

* Includes stock-based compensation expense