2014 Financial Tables
Full year financial tables with quarterly data.
Google's Income Statement Information
Please note: Results from Motorola Home and Motorola Mobile are presented as net income (loss) from discontinued operations on the Consolidated Statements of Income, and are excluded from all other results unless otherwise noted.
On April 2, 2014, we issued shares of Class C capital stock as a dividend to our stockholders. Except for the number of authorized shares and par value, all references to share and per share amounts have been retroactively restated for all prior periods shown to reflect the stock split, which was effected in the form of a stock dividend.
(In millions, except share amounts which are reflected in thousands and per share amounts)
| Full Year | 2014 | |||||
| (unaudited) | (unaudited) | (unaudited) | ||||
| Revenues | 2012 | 2013 | Q1 | Q2 | Q3 | |
| Google Websites | $31,221 | $37,422 | $10,469 | $10,935 | $11,252 | |
| Y/Y Growth Rate | 19% | 20% | 21% | 23% | 20% | |
| Q/Q Growth Rate | NA | NA | -1% | 4% | 3% | |
| Google Network Members' Websites | $12,465 | $13,125 | $3,397 | $3,424 | $3,430 | |
| Y/Y Growth Rate | 20% | 5% | 4% | 7% | 9% | |
| Q/Q Growth Rate | NA | NA | -4% | 1% | 0% | |
| Total Advertising Revenues | $43,686 | $50,547 | $13,866 | $14,359 | $14,682 | |
| Y/Y Growth Rate | 20% | 16% | 17% | 19% | 17% | |
| Q/Q Growth Rate | NA | NA | -1% | 4% | 2% | |
| Other Revenues | $2,354 | $4,972 | $1,554 | $1,596 | $1,841 | |
| Y/Y Growth Rate | 71% | 111% | 48% | 53% | 50% | |
| Q/Q Growth Rate | NA | NA | -6% | 3% | 15% | |
| Total Revenues | $46,039 | $55,519 | $15,420 | $15,955 | $16,523 | |
| Y/Y Growth Rate | 21% | 21% | 19% | 22% | 20% | |
| Q/Q Growth Rate | NA | NA | -2% | 3% | 4% | |
| As % of Revenues | ||||||
| Google Websites | 68% | 67% | 68% | 69% | 68% | |
| Google Network Members’ Websites | 27% | 24% | 22% | 21% | 21% | |
| Other Revenues | 5% | 9% | 10% | 10% | 11% | |
| Full Year | 2014 | |||||
| (unaudited) | (unaudited) | (unaudited) | ||||
| Costs | 2012 | 2013 | Q1 | Q2 | Q3 | |
| Cost of Revenues | $17,176 | $21,993 | $5,961 | $6,114 | $6,695 | |
| As a % of Revenues | 37% | 40% | 39% | 38% | 40% | |
| Traffic Acquisition Cost | $10,956 | $12,258 | $3,232 | $3,293 | $3,348 | |
| As % of Revenues | 24% | 22% | 21% | 20% | 20% | |
| Other Cost of Revenues* | $6,220 | $9,735 | $2,729 | $2,821 | $3,347 | |
| As % of Revenues | 14% | 18% | 18% | 18% | 20% | |
| Research & Development* | $6,083 | $7,137 | $2,126 | $2,238 | $2,655 | |
| As % of Revenues | 13% | 13% | 14% | 14% | 16% | |
| Sales & Marketing* | $5,465 | $6,554 | $1,729 | $1,941 | $2,084 | |
| As % of Revenues | 12% | 12% | 11% | 12% | 13% | |
| General & Administrative* | $3,481 | $4,432 | $1,489 | $1,404 | $1,365 | |
| As % of Revenues | 8% | 8% | 9% | 9% | 8% | |
| Total Costs & Expenses* | $32,205 | $40,116 | $11,305 | $11,697 | $12,799 | |
| Y/Y Growth Rate | 23% | 25% | 23% | 21% | 28% | |
| Q/Q Growth Rate | NA | NA | 0% | 3% | 9% | |
* Includes stock-based compensation expense.
| Full Year | 2014 | |||||
| (unaudited) | (unaudited) | (unaudited) | ||||
| Profitability | 2012 | 2013 | Q1 | Q2 | Q3 | |
| Income from Operations | $13,834 | $15,403 | $4,115 | $4,258 | $3,724 | |
| As % of Revenues | 30% | 28% | 27% | 27% | 23% | |
| Net income from continuing operations | $11,553 | $13,347 | $3,650 | $3,490 | $2,998 | |
| As % of Revenues | 25% | 24% | 24% | 22% | 18% | |
| Net loss from discontinued operations | -$816 | -$427 | -$198 | -$68 | -$185 | |
| Net Income | $10,737 | $12,920 | $3,452 | $3,422 | $2,813 | |
| EPS - Basic | $16.41 | $19.41 | $5.13 | $5.07 | $4.15 | |
| EPS - Basic - Continuing operations | $17.65 | $20.05 | $5.42 | $5.17 | $4.42 | |
| EPS - Basic - Discontinued operations | -$1.25 | -$0.64 | -$0.29 | -$0.10 | -$0.27 | |
| EPS - Diluted | $16.16 | $19.07 | $5.04 | $4.99 | $4.09 | |
| EPS - Diluted - Continuing operations | $17.38 | $19.70 | $5.33 | $5.09 | $4.36 | |
| EPS - Diluted - Discontinued operations | -$1.23 | -$0.63 | -$0.29 | -$0.10 | -$0.27 | |
| Number of Shares | ||||||
| Basic | 654,426 | 665,692 | 672,587 | 675,115 | 677,097 | |
| Diluted | 664,610 | 677,618 | 685,212 | 686,363 | 688,215 | |
Balance Sheet & Cash Flow Statement Information
Please note: Assets and liabilities of Motorola Mobile to be disposed of are presented as "Assets held for sale" and "Liabilities held for sale", respectively, on the Consolidated Balance Sheet as of March 31, 2014.
(In millions, except DSO)
| Full Year | 2014 | |||||
| (unaudited) | (unaudited) | (unaudited) | ||||
| 2012 | 2013 | Q1 | Q2 | Q3 | ||
| Cash, Cash Equivalents & Marketable Securities | $48,088 | $58,717 | $59,379 | $61,204 | $62,157 | |
| Accounts Receivable, net of allowance (Google stand-alone) | $6,769 | $8,089 | $7,827 | $8,321 | $8,237 | |
| DSO for Google stand-alone (in days, using ending AR) | 54 | 53 | 46 | 47 | 46 | |
| Property and Equipment, Net | $11,854 | $16,524 | $17,877 | $19,486 | $20,981 | |
| Total Assets | $93,798 | $110,920 | $116,526 | $121,608 | $125,781 | |
| Cash Flow from Operations | $16,619 | $18,659 | $4,391 | $5,627 | $5,994 | |
| Capital Expenditures | $3,273 | $7,358 | $2,345 | $2,646 | $2,417 | |
Supplemental Information
(In millions, except headcount data)
| Full Year | 2014 | |||||
| (unaudited) | (unaudited) | (unaudited) | ||||
| 2012 | 2013 | Q1 | Q2 | Q3 | ||
| Amortization Expense of Intangible Assets | $893 | $1,158 | $270 | $266 | $285 | |
| Google Amortization Expense of Intangible Assets | $792 | $1,010 | $258 | $266 | $285 | |
| Motorola Mobile Amortization Expense of Intangible Assets | $101 | $148 | $12 | $0 | $0 | |
| Stock-Based Compensation Expense (excluding Motorola Home & Mobile) | $2,473 | $3,127 | $839 | $880 | $1,255 | |
| International Revenues as % of Revenues | 54% | 55% | 57% | 58% | 58% | |
| Ending Permanent Headcount | 53,861 | 47,756 | 49,829 | 52,069 | 55,030 | |
| Google Stand-Alone Headcount | 37,544 | 43,862 | 46,170 | 48,584 | 51,564 | |
| Sequential Headcount Growth Rate for Google stand-alone | NA | NA | 5% | 5% | 6% | |
| Motorola Stand-Alone Headcount | 16,317 | 3,894 | 3,659 | 3,485 | 3,466 | |
