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 | |
