Google 2008 Annual Report Download - page 103

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Google Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 9. Interest Income and Other, Net
The components of interest income and other, net were as follows (in thousands):
Year Ended December 31,
2006 2007 2008
Interest income ..................................................... $412,063 $559,205 $389,533
Realized gains on marketable securities, net ............................ 40,202 51,198 94,205
Foreign exchange gains (losses), net ................................... 5,317 (16,169) (171,877)
Other, net .......................................................... 3,462 (4,654) 4,523
Interest income and other, net .................................... $461,044 $589,580 $ 316,384
Note 10. Comprehensive Income
The changes in the components of other comprehensive income were as follows (in thousands):
Year Ended December 31,
2006 2007 2008
Net income ................................................... $3,077,446 $4,203,720 $4,226,858
Change in unrealized gains (losses) on marketable securities, net of
taxes ....................................................... (19,309) 29,029 (12,506)
Change in cumulative translation adjustment ...................... 38,601 61,033 (84,195)
Change in unrealized gains on cash flow hedges, net of taxes ........ — — 209,907
Comprehensive income .................................... $3,096,738 $4,293,782 $4,340,064
The components of accumulated other comprehensive income were as follows (in thousands):
As of December 31,
2007 2008
Unrealized gains on marketable securities, net of taxes ............................... $22,501 $ 9,995
Cumulative translation adjustment ................................................. 90,872 6,677
Unrealized gains on cash flow hedges, net of taxes ................................... — 209,907
Accumulated other comprehensive income ......................................... $113,373 $ 226,579
Note 11. Commitments and Contingencies
Operating Leases
We have entered into various non-cancelable operating lease agreements for certain of our offices, land and
data centers throughout the world with original lease periods expiring between 2009 and 2063. We are committed
to pay a portion of the related actual operating expenses under certain of these lease agreements. These operating
expenses are not included in the table below. Certain of these arrangements have free or escalating rent payment
provisions. We recognize rent expense under such arrangements on a straight-line basis.
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