2011 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 2011
      (unaudited) (unaudited)
Revenues 2009 2010 2011 Q1 Q2 Q3 Q4
Revenues $23,651 $29,321 $37,905 $8,575 $9,026 $9,720 $10,584
Y/Y Growth Rate 9% 24% 29% 27% 32% 33% 25%
Q/Q Growth Rate NA NA NA 2% 5% 8% 9%
Google Websites $15,723 $19,444 $26,145 $5,879 $6,232 $6,740 $7,294
Y/Y Growth Rate 9% 24% 34% 32% 39% 39% 29%
Q/Q Growth Rate NA NA NA 4% 6% 8% 8%
Google Network Members' Websites $7,166 $8,792 $10,386 $2,427 $2,484 $2,595 $2,880
Y/Y Growth Rate 7% 23% 18% 19% 20% 18% 15%
Q/Q Growth Rate NA NA NA -3% 2% 4% 11%
Total Advertising Revenues $22,889 $28,236 $36,531 $8,306 $8,716 $9,335 $10,174
Y/Y Growth Rate 8% 23% 29% 28% 33% 33% 25%
Q/Q Growth Rate NA NA NA 2% 5% 7% 9%
Other Revenues $762 $1,085 $1,374 $269 $310 $385 $410
Y/Y Growth Rate 14% 42% 27% -10% 20% 52% 50%
Q/Q Growth Rate NA NA NA -1% 15% 24% 6%
As % of Revenues              
Google Websites 67% 66% 69% 69% 69% 69% 69%
Google Network Members' Websites 30% 30% 27% 28% 28% 27% 27%
Other Revenues 3% 4% 4% 3% 3% 4% 4%
  Full Year 2011
      (unaudited) (unaudited)
Costs 2009 2010 2011 Q1 Q2 Q3 Q4
Cost of Revenues* $8,844 $10,417 $13,188 $2,936 $3,172 $3,378 $3,702
As % of Revenues 37% 36% 35% 34% 35% 35% 35%
Traffic Acquisition Cost $6,169 $7,317 $8,811 $2,038 $2,110 $2,210 $2,453
As % of Revenues 26% 25% 23% 24% 23% 23% 23%
Other Cost of Revenues* $2,675 $3,100 $4,377 $897 $1,062 $1,168 $1,249
As % of Revenues 11% 11% 12% 10% 12% 12% 12%
Research & Development* $2,843 $3,762 $5,162 $1,226 $1,234 $1,404 $1,298
As % of Revenues 12% 13% 14% 14% 14% 14% 12%
Sales & Marketing* $1,984 $2,799 $4,589 $1,026 $1,091 $1,204 $1,268
As % of Revenues 8% 10% 12% 12% 12% 12% 12%
General & Administrative* $1,668 $1,962 $2,724 $591 $648 $676 $809
As % of Revenues 7% 7% 7% 7% 7% 7% 8%
Charge Related to the Resolution of Department of Justice Investigation NA NA 500 500 NA NA NA
As % of Revenues NA NA 1% 6% NA NA NA
Total Costs & Expenses* $15,339 $18,940 $26,163 $6,279 $6,145 $6,662 $7,077
Y/Y Growth Rate 1% 23% 38% 46% 38% 41% 30%
Q/Q Growth Rate NA  NA  NA 15% -2% 8% 6%

* Includes stock-based compensation expense.

  Full Year 2011
      (unaudited) (unaudited)
Profitability 2009 2010 2011 Q1 Q2 Q3 Q4
Income from Operations $8,312 $10,381 $11,742 $2,296 $2,881 $3,058 $3,507
As % of Revenues 35% 35% 31% 27% 32% 31% 33%
Net Income $6,520 $8,505 $9,737 $1,798 $2,505 $2,729 $2,705
As % of Revenues 28% 29% 26% 21% 28% 28% 26%
EPS              
Basic $20.62 $26.69 $30.17 $5.59 $7.77 $8.44 $8.34
Diluted $20.41 $26.31 $29.76 $5.51 $7.68 $8.33 $8.22
Number of Shares              
Basic 316,221 318,702 322,778 321,527 322,228 323,155 324,204
Diluted 319,416 323,251 327,214 326,383 326,036 327,439 329,002

Balance Sheet & Cash Flow Statement Information

(In millions, except DSO)

  Full Year 2011
      (unaudited) (unaudited)
2009 2010 2011 Q1 Q2 Q3 Q4
Cash, Cash Equivalents & Marketable Securities $24,485 $34,975 $44,626 $36,675 $39,118 $42,560 $44,626
Accounts Receivable, Net of Allowance $3,178 $4,252 $5,427 $4,216 $4,476 $4,583 $5,427
DSO (in days, using ending AR) 49 53 52 44 45 43 47
Property and Equipment, Net $4,845 $7,759 $9,603 $8,249 $9,003 $9,204 $9,603
Total Assets $40,497 $57,851 $72,574 $59,960 $64,861 $69,088 $72,574
Cash Flow from Operations $9,316 $11,081 $14,565 $3,172 $3,519 $3,950 $3,924
Capital Expenditures $810 $4,018 $3,438 $890 $917 $680 $951

Supplemental Information

(In millions, except headcount data)

  Full Year 2011
      (unaudited) (unaudited)
2009 2010 2011 Q1 Q2 Q3 Q4
Stock-Based Compensation Expense $1,164 $1,376 $1,974 $432 $435 $571 $536
Int'l Revenues as % of Total Revenues 53% 52% 54% 53% 54% 55% 53%
Ending Permanent Headcount 19,835 24,400 32,467 26,316 28,768 31,353 32,467
Sequential Headcount Growth Rate -2% 23% 33% 8% 9% 9% 4%