Google 2009 Annual Report Download - page 91

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Google Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table sets forth the computation of basic and diluted net income per share of Class A and Class
B common stock (in thousands, except per share amounts):
Year Ended December 31,
2007 2008 2009
Class A Class B Class A Class B Class A Class B
Basic net income per share:
Numerator:
Allocation of undistributed
earnings ....................... $ 3,131,292 $ 1,072,428 $3,208,968 $ 1,017,890 $ 4,981,151 $1,539,297
Denominator:
Weighted-average common shares
outstanding .................... 232,131 79,421 238,473 75,614 241,575 74,651
Less: Weighted-average unvested
common shares subject to
repurchase or cancellation ....... (616) (130) (120) (8) (5) —
Number of shares used in per
share computation ........... 231,515 79,291 238,353 75,606 241,570 74,651
Basic net income per share ............. $ 13.53 $ 13.53 $ 13.46 $ 13.46 $ 20.62 $ 20.62
Diluted net income per share:
Numerator:
Allocation of undistributed earnings
for basic computation ........... $ 3,131,292 $ 1,072,428 $3,208,968 $ 1,017,890 $ 4,981,151 $1,539,297
Reallocation of undistributed
earnings as a result of conversion
of Class B to Class A shares ..... 1,072,428 — 1,017,890 — 1,539,297 —
Reallocation of undistributed
earnings to Class B shares ....... — (7,732) — (8,321) — (13,070)
Allocation of undistributed
earnings ....................... $4,203,720 $1,064,696 $4,226,858 $1,009,569 $6,520,448 $1,526,227
Denominator:
Number of shares used in basic
computation ................... 231,515 79,291 238,353 75,606 241,570 74,651
Weighted-average effect of dilutive
securities ......................
Add:
Conversion of Class B to
Class A common shares
outstanding ............. 79,291 — 75,606 — 74,651 —
Unvested common shares
subject to repurchase or
cancellation ............. 746 130 128 8 5 —
Employee stock options .... 3,690 667 2,810 223 2,569 114
Restricted shares and
RSUs ................... 968 — 617 — 621 —
Number of shares used
in per share
computation ........ 316,210 80,088 317,514 75,837 319,416 74,765
Diluted net income per share ........... $ 13.29 $ 13.29 $ 13.31 $ 13.31 $ 20.41 $ 20.41
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