Google 2010 Annual Report Download - page 37

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ITEM 6. SELECTED FINANCIAL DATA
You should read the following selected consolidated financial data in conjunction with Item 7 “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial
statements and the related notes appearing in Item 8 “Financial Statements and Supplementary Data” of this
Annual Report on Form 10-K.
The consolidated statements of income data for the years ended December 31, 2008, 2009, and 2010 and
the consolidated balance sheet data at December 31, 2009, and 2010 are derived from our audited consolidated
financial statements appearing in Item 8 of this Annual Report on Form 10-K. The consolidated statements of
income data for the years ended December 31, 2006 and 2007, and the consolidated balance sheet data at
December 31, 2006, 2007, and 2008, are derived from our audited consolidated financial statements that are not
included in this Annual Report on Form 10-K. The historical results are not necessarily indicative of the results to
be expected in any future period.
Year Ended December 31,
2006 2007 2008 2009 2010
(in millions, except per share amounts)
Consolidated Statements of Income Data:
Revenues .......................................... $10,605 $ 16,594 $ 21,796 $ 23,651 $ 29,321
Costs and expenses:
Cost of revenues ............................... 4,225 6,649 8,622 8,844 10,417
Research and development ...................... 1,229 2,120 2,793 2,843 3,762
Sales and marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . 850 1,461 1,946 1,984 2,799
General and administrative . . . . . . . . . . . . . . . . . . . . . . 751 1,280 1,803 1,668 1,962
Total costs and expenses ............................ 7,055 11,510 15,164 15,339 18,940
Income from operations ............................. 3,550 5,084 6,632 8,312 10,381
Impairment of equity investments .................... 0 0 (1,095) 0 0
Interest and other income, net . . . . . . . . . . . . . . . . . . . . . . . . 461 590 316 69 415
Income before income taxes ......................... 4,011 5,674 5,853 8,381 10,796
Provision for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . 934 1,470 1,626 1,861 2,291
Net income ........................................ $ 3,077 $ 4,204 $ 4,227 $ 6,520 $ 8,505
Net income per share of Class A and Class B common
stock
Basic ......................................... $ 10.21 $ 13.53 $ 13.46 $ 20.62 $ 26.69
Diluted ........................................ $ 9.94 $ 13.29 $ 13.31 $ 20.41 $ 26.31
As of December 31,
2006 2007 2008 2009 2010
(in millions)
Consolidated Balance Sheet Data:
Cash, cash equivalents, and marketable securities ...... $11,244 $ 14,219 $ 15,846 $ 24,485 $34,975
Total assets ........................................ 18,473 25,336 31,768 40,497 57,851
Total long-term liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129 611 1,227 1,746 1,614
Total stockholders’ equity ............................ 17,040 22,690 28,239 36,004 46,241
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