Google 2008 Annual Report Download - page 81

Google Inc.
CONSOLIDATED BALANCE SHEETS
(In thousands, except par value per share)
As of December 31,
2007 2008
Assets
Current assets:
Cash and cash equivalents ............................................ $ 6,081,593 $ 8,656,672
Marketable securities ................................................. 8,137,020 7,189,099
Accounts receivable, net of allowance of $32,887 and $80,086 ........... 2,162,521 2,642,192
Deferred income taxes, net ............................................ 68,538 286,105
Income taxes receivable, net ........................................... 145,253 —
Prepaid revenue share, expenses and other assets ........................ 694,213 1,404,114
Total current assets .................................................. 17,289,138 20,178,182
Prepaid revenue share, expenses and other assets, non-current ................ 168,530 433,846
Deferred income taxes, net, non-current ..................................... 33,219 —
Non-marketable equity securities ........................................... 1,059,694 85,160
Property and equipment, net ............................................... 4,039,261 5,233,843
Intangible assets, net ...................................................... 446,596 996,690
Goodwill ................................................................. 2,299,368 4,839,854
Total assets ......................................................... $25,335,806 $ 31,767,575
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable .................................................... $ 282,106 $ 178,004
Accrued compensation and benefits .................................... 588,390 811,643
Accrued expenses and other current liabilities ............................ 465,032 480,263
Accrued revenue share ................................................ 522,001 532,547
Deferred revenue ..................................................... 178,073 218,084
Incomes taxes payable, net ............................................ — 81,549
Total current liabilities ................................................. 2,035,602 2,302,090
Deferred revenue, non-current ............................................. 30,249 29,818
Income taxes payable, net, non-current ...................................... 478,372 890,115
Deferred income taxes, net, non-current ..................................... — 12,515
Other long-term liabilities .................................................. 101,904 294,175
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; 312,917 (Class A 236,097, Class B 76,820) and par
value of $313 (Class A $236, Class B $77) and 315,114 (Class A 240,073,
Class B 75,041) and par value of $315 (Class A $240, Class B $75) shares
issued and outstanding, excluding 361 (Class A 336, Class B 25) and 26
(Class A 26) shares subject to repurchase (see Note 12) at December 31,
2007 and 2008 ................................................... 313 315
Additional paid-in capital .............................................. 13,241,221 14,450,338
Accumulated other comprehensive income .............................. 113,373 226,579
Retained earnings .................................................... 9,334,772 13,561,630
Total stockholders’ equity ............................................. 22,689,679 28,238,862
Total liabilities and stockholders’ equity ...................................... $25,335,806 $ 31,767,575
See accompanying notes.
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