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
