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