Google 2008 Annual Report Download - page 82

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Google Inc.
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
Year Ended December 31,
2006 2007 2008
Revenues ................................................... $10,604,917 $16,593,986 $21,795,550
Costs and expenses:
Cost of revenues (including stock-based compensation
expense of $17,629, $22,335, $41,340) .................. 4,225,027 6,649,085 8,621,506
Research and development (including stock-based
compensation expense of $287,485, $569,797,
$732,418) ............................................ 1,228,589 2,119,985 2,793,192
Sales and marketing (including stock-based compensation
expense of $59,389, $131,638, $206,020) ............... 849,518 1,461,266 1,946,244
General and administrative (including stock-based
compensation expense of $93,597, $144,876,
$139,988) ............................................ 751,787 1,279,250 1,802,639
Total costs and expenses ..................................... 7,054,921 11,509,586 15,163,581
Income from operations ...................................... 3,549,996 5,084,400 6,631,969
Impairment of equity investments .............................. — — (1,094,757)
Interest income and other, net ................................. 461,044 589,580 316,384
Income before income taxes ................................... 4,011,040 5,673,980 5,853,596
Provision for income taxes .................................... 933,594 1,470,260 1,626,738
Net income .................................................. $3,077,446 $ 4,203,720 $ 4,226,858
Net income per share of Class A and Class B common stock:
Basic .................................................. $ 10.21 $ 13.53 $ 13.46
Diluted ................................................. $ 9.94 $ 13.29 $ 13.31
See accompanying notes.
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