2015 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 2015
      (unaudited) (unaudited)
Revenues 2013 2014 Q1 Q2
Google Websites $37,422 $45,085 $11,932 $12,402
Y/Y Growth Rate 20% 20% 14% 13%
Q/Q Growth Rate NA NA -4% 4%
Google Network Members' Websites* $13,650 $14,539 $3,576 $3,621
Y/Y Growth Rate 6% 7% 1% 2%
Q/Q Growth Rate NA NA -8% 1%
Total Advertising Revenues* $51,072 $59,624 $15,508 $16,023
Y/Y Growth Rate 16% 17% 11% 11%
Q/Q Growth Rate NA NA -5% 3%
Other Revenues* $4,447 $6,377 $1,750 $1,704
Y/Y Growth Rate 135% 43% 23% 17%
Q/Q Growth Rate NA NA -2% -3%
Total Revenues $55,519 $66,001 $17,258 $17,727
Y/Y Growth Rate 21% 19% 12% 11%
Q/Q Growth Rate NA NA -5% 3%
As % of Revenues        
Google Websites 67% 68% 69% 70%
Google Network Members’ Websites 25% 22% 21% 20%
Other Revenues 8% 10% 10% 10%

*Prior period amounts have been adjusted to reflect the reclassification primarily related to DoubleClick ad serving software revenues from other revenues to advertising revenues from Google Network Members' websites to conform with our current period presentation.

  Full Year 2015
      (unaudited) (unaudited)
Costs 2013 2014 Q1 Q2
Cost of Revenues $21,993 $25,691 $6,356 $6,583
As a % of Revenues 40% 39% 37% 37%
Traffic Acquisition Cost $12,258 $13,497 $3,345 $3,377
As % of Revenues 22% 20% 19% 19%
Other Cost of Revenues** $9,735 $12,194 $3,011 $3,206
As % of Revenues 18% 19% 18% 18%
Research & Development** $7,137 $9,832 $2,753 $2,789
As % of Revenues 13% 15% 16% 16%
Sales & Marketing** $6,554 $8,131 $2,065 $2,080
As % of Revenues 12% 12% 12% 12%
General & Administrative** $4,432 $5,851 $1,637 $1,450
As % of Revenues 8% 9% 9% 8%
Total Costs & Expenses** $40,116 $49,505 $12,811 $12,902
Y/Y Growth Rate 25% 23% 13% 10%
Q/Q Growth Rate NA NA -7% 1%

** Includes stock-based compensation expense.

  Full Year 2015
      (unaudited) (unaudited)
Profitability 2013 2014 Q1 Q2
Income from Operations $15,403 $16,496 $4,447 $4,825
As % of Revenues 28% 25% 26% 27%
Net income from continuing operations $13,160 $13,620 $3,515 $3,931
As % of Revenues 24% 21% 20% 22%
Net (loss) income from discontinued operations -$427 $516 $0 $0
Net Income $12,733 $14,136 $3,515 $3,931
         
EPS - Basic (Class A & B) $19.13 $20.91 $5.16 $4.99
EPS - Basic - Continuing operations $19.77 $20.15 $5.16 $4.99
EPS - Basic - Discontinued operations -$0.64 $0.76 $0.00 $0.00
         
EPS - Diluted (Class A & B) $18.79 $20.57 $5.10 $4.93
EPS - Diluted - Continuing operations $19.42 $19.82 $5.10 $4.93
EPS - Diluted - Discontinued operations -$0.63 $0.75 $0.00 $0.00
         
EPS - Basic (Class C) $19.13 $20.91 $5.16 $6.51
EPS - Basic - Continuing operations $19.77 $20.15 $5.16 $6.51
EPS - Basic - Discontinued operations -$0.64 $0.76 $0.00 $0.00
         
EPS - Diluted (Class C) $18.79 $20.57 $5.10 $6.43
EPS - Diluted - Continuing operations $19.42 $19.82 $5.10 $6.43
EPS - Diluted - Discontinued operations -$0.63 $0.75 $0.00 $0.00
         
Number of Shares        
Basic* 665,692 675,935 680,915 683,617*
Diluted** 677,618 687,070 689,498 690,878**
         
*For Q2'15 Basic Class A and B share count is 288,723 and 52,114, respectively, and Class C is 342,780
**For Q2'15 Diluted Class A&B share count is 343,190 and Class C is 347,688

Balance Sheet & Cash Flow Statement Information

(In millions, except DSO)

  Full Year 2015
      (unaudited) (unaudited)
2013 2014 Q1 Q2
Cash, Cash Equivalents & Marketable Securities $58,717 $64,395 $65,436 $69,780
Accounts Receivable, net of allowance (Google stand-alone) $8,098 $9,383 $8,584 $9,394
DSO for Google stand-alone (in days, using ending AR) 53 52 45 48
Property and Equipment, Net $16,524 $23,883 $25,448 $27,008
Total Assets $110,558 $130,426 $132,608 $138,807
Cash Flow from Operations $18,659 $22,376 $6,617 $6,985
Capital Expenditures $7,358 $10,959 $2,927 $2,515

Supplemental Information

(In millions, except headcount data)

  Full Year 2015
      (unaudited) (unaudited)
2013 2014 Q1 Q2
Amortization Expense of Intangible Assets (Google stand-alone) $1,010 $1,051 $239 $222
Stock-Based Compensation Expense (Google stand-alone) $3,127 $4,175 $1,203 $1,132
International Revenues as % of Revenues 54% 55% 55% 55%
Ending Permanent Headcount (Google stand-alone) 43,862 53,600 55,419 57,148
Sequential Headcount Growth Rate (Google stand-alone) NA NA 3% 3%