Google 2007 Annual Report Download - page 79

Download and view the complete annual report

Please find page 79 of the 2007 Google annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 124

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124

Google Inc.
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value per share)
As of December 31,
2006 2007
Assets
Current assets:
Cash and cash equivalents ................................................. $ 3,544,671 $ 6,081,593
Marketable securities ..................................................... 7,699,243 8,137,020
Accounts receivable, net of allowance of $16,914 and $32,887 .................... 1,322,340 2,162,521
Deferred income taxes, net ................................................ 29,713 68,538
Income taxes receivable ................................................... — 145,253
Prepaid revenue share, expenses and other assets .............................. 443,880 694,213
Total current assets ...................................................... 13,039,847 17,289,138
Prepaid revenue share, expenses and other assets, non-current ........................ 114,455 168,530
Deferred income taxes, net, non-current .......................................... — 33,219
Non-marketable equity securities ............................................... 1,031,850 1,059,694
Property and equipment, net ................................................... 2,395,239 4,039,261
Intangible assets, net .......................................................... 346,841 446,596
Goodwill ................................................................... 1,545,119 2,299,368
Total assets ............................................................. $18,473,351 $25,335,806
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ........................................................ $ 211,169 $ 282,106
Accrued compensation and benefits ......................................... 351,671 588,390
Accrued expenses and other current liabilities ................................. 266,247 465,032
Accrued revenue share .................................................... 370,364 522,001
Deferred revenue ........................................................ 105,136 178,073
Total current liabilities .................................................... 1,304,587 2,035,602
Deferred revenue, long-term ................................................... 20,006 30,249
Deferred income taxes, net ..................................................... 40,421 —
Income taxes payable, long-term ................................................ — 478,372
Other long-term liabilities ..................................................... 68,497 101,904
Commitments and contingencies
Stockholders’ equity:
Convertible preferred stock, $0.001 par value, 100,000 shares authorized; no shares
issued and outstanding ................................................. — —
Class A and Class B common stock, $0.001 par value per share: 9,000,000 shares
authorized; 308,997 (Class A 227,670, Class B 81,327) and par value of $309
(Class A $228, Class B $81) and 312,917 (Class A 236,097, Class B 76,820) and
par value of $313 (Class A $236, Class B $77) shares issued and outstanding,
excluding 1,296 (Class A 1,045 Class B 251) and 361 (Class A 336, Class B 25)
shares subject to repurchase (see Note 11) at December 31, 2006 and 2007 ...... 309 313
Additional paid-in capital ................................................. 11,882,906 13,241,221
Accumulated other comprehensive income ................................... 23,311 113,373
Retained earnings ........................................................ 5,133,314 9,334,772
Total stockholders’ equity ................................................. 17,039,840 22,689,679
Total liabilities and stockholders’ equity .......................................... $18,473,351 $25,335,806
See accompanying notes.
65