2013 Financial Tables

Full year financial tables with quarterly data.

Google's Income Statement Information

Please note: Results from Motorola Home 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. Previously reported quarters have been adjusted to conform with current period presentation.

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

  Full Year 2013
      (unaudited)
Revenues 2011 2012 Q1
Google Websites $26,145 $31,221 $8,640
Y/Y Growth Rate 34% 19% 18%
Q/Q Growth Rate NA NA 0%
Google Network Members' Websites $10,386 $12,465 $3,262
Y/Y Growth Rate 18% 20% 12%
Q/Q Growth Rate NA NA -5%
Total Advertising Revenues $36,531 $43,686 $11,902
Y/Y Growth Rate 29% 20% 16%
Q/Q Growth Rate NA NA -1%
Other Revenues $1,374 $2,354 $1,049
Y/Y Growth Rate 27% 71% 150%
Q/Q Growth Rate NA NA 27%
Total Google Revenues $37,905 $46,039 $12,951
Y/Y Growth Rate 29% 21% 22%
Q/Q Growth Rate NA NA 0%
Total Motorola Mobile Revenues NA $4,136 $1,018
Q/Q Growth Rate NA NA -33%
Total Consolidated Revenues $37,905 $50,175 $13,969
Y/Y Growth Rate 29% 32% 31%
Q/Q Growth Rate NA NA -3%
As % of Google Revenues      
Google Websites 69% 68% 67%
Google Network Members’ Websites 27% 27% 25%
Other Revenues 4% 5% 8%
  Full Year 2013
      (unaudited)
Costs 2011 2012 Q1
Cost of Revenues - Google* $13,188 $17,176 $5,136
As a % of Google Revenues 35% 37% 40%
Cost of Revenues - Motorola Mobile* NA $3,458 808
As a % of Motorola Mobile Revenues NA 84% 79%
Cost of Revenues* $13,188 $20,634 $5,944
As % of Revenues 35% 41% 43%
Traffic Acquisition Cost $8,811 $10,956 $2,962
As % of Google Revenues 23% 24% 23%
Other Cost of Revenues* $4,377 $9,678 $2,982
As % of Revenues 12% 19% 21%
Research & Development* $5,162 $6,793 $1,837
As % of Revenues 14% 14% 13%
Sales & Marketing* $4,589 $6,143 $1,586
As % of Revenues 12% 12% 11%
General & Administrative* $2,724 $3,845 $1,125
As % of Revenues 7% 8% 8%
Charge Related to the Resolution of Department of Justice Investigation $500 NA NA
As % of Revenues 1% NA NA
Total Costs & Expenses* $26,163 $37,415 $10,492
Y/Y Growth Rate 38% 43% 45%
Q/Q Growth Rate NA NA -5%

* Includes stock-based compensation expense.

  Full Year 2013
      (unaudited)
Profitability 2011 2012 Q1
Income from Operations $11,742 $12,760 $3,477
As % of Revenues 31% 25% 25%
Google Income from Operations $11,742 $13,835 $3,748
As % of Google Revenues 31% 30% 29%
Motorola Mobile Loss from Operations NA -$1,075 -$271
As % of Motorola Mobile Revenues NA -26% -27%
Net Income from Continuing Operations $9,737 $10,788 $3,324
As % of Revenues 26% 22% 24%
Net Income (Loss) from Discontinued Operations NA -$51 $22
Net Income $9,737 $10,737 $3,346
EPS - Basic $30.17 $32.81 $10.13
EPS - Basic - Continuing operations $30.17 $32.97 $10.06
EPS - Basic - Discontinued operations NA -$0.16 $0.07
EPS - Diluted $29.76 $32.31 $9.94
EPS - Diluted - Continuing operations $29.76 $32.46 $9.87
EPS - Diluted - Discontinued operations NA -$0.15 $0.07
Number of Shares      
Basic 322,778 327,213 330,454
Diluted 327,214 332,305 336,663

Balance Sheet & Cash Flow Statement Information (including Motorola Home)

(In millions, except DSO)

  Full Year 2013
      (unaudited)
2011 2012 Q1
Cash, Cash Equivalents & Marketable Securities $44,626 $48,088 $50,098
Accounts Receivable, Net of Allowance (Google stand-alone) $5,427 $6,769 $6,526
DSO for Google stand-alone (in days, using ending AR) 52 54 45
Property and Equipment, Net $9,603 $11,854 $12,300
Total Assets $72,574 $93,798 $96,692
Cash Flow from Operations $14,565 $16,619 $3,633
Capital Expenditures $3,438 $3,273 $1,203

Supplemental Information

(In millions, except headcount data)

  Full Year 2013
      (unaudited)
2011 2012 Q1
Consolidated Amortization Expense of Intangible Assets $455 $893 $315
Google Amortization Expense of Intangible Assets $455 $792 $278
Motorola Mobile Amortization Expense of Intangible Assets NA $101 $37
Stock-Based Compensation Expense (excluding Motorola Home) $1,974 $2,649 $697
Google International Revenues as % of Google Revenues 54% 54% 55%
Ending Permanent Headcount 32,467 53,861 53,891
Google stand-alone Headcount 32,467 37,544 38,739
Sequential Headcount Growth Rate for Google stand-alone 33% 16% 3%
Motorola stand-alone Headcount NA 16,317 15,152