Google 2007 Annual Report Download - page 80

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Google Inc.
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
Year Ended December 31,
2005 2006 2007
Revenues ....................................................... $6,138,560 $10,604,917 $16,593,986
Costs and expenses:
Cost of revenues (including stock-based compensation expense of
$5,579, $17,629, $22,335) ................................... 2,577,088 4,225,027 6,649,085
Research and development (including stock-based compensation
expense of $115,532, $287,485, $569,797) ...................... 599,510 1,228,589 2,119,985
Sales and marketing (including stock-based compensation expense of
$28,411, $59,389, $131,638) ................................. 468,152 849,518 1,461,266
General and administrative (including stock-based compensation
expense of $51,187, $93,597, $144,876) ........................ 386,532 751,787 1,279,250
Contribution to Google Foundation ............................. 90,000 — —
Total costs and expenses ........................................... 4,121,282 7,054,921 11,509,586
Income from operations ........................................... 2,017,278 3,549,996 5,084,400
Interest income and other, net ...................................... 124,399 461,044 589,580
Income before income taxes ........................................ 2,141,677 4,011,040 5,673,980
Provision for income taxes ......................................... 676,280 933,594 1,470,260
Net income ...................................................... $1,465,397 $ 3,077,446 $ 4,203,720
Net income per share of Class A and Class B common stock:
Basic ....................................................... $ 5.31 $ 10.21 $ 13.53
Diluted ..................................................... $ 5.02 $ 9.94 $ 13.29
See accompanying notes.
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