Google 2011 Annual Report Download - page 102
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Patents and developed technology, customer relationships, and trade names and other have weighted-
average useful lives from the date of purchase of 5.0 years, 6.1 years, and 4.3 years. Amortization expense of
acquisition-related intangible assets for the years ended December 31, 2009, 2010, and 2011 was $266 million,
$314 million, and $441 million. As of December 31, 2011, expected amortization expense for acquisition-related
intangible assets for each of the next five years and thereafter was as follows (in millions):
2012 ......................................................................................... $ 472
2013 ......................................................................................... 364
2014 ......................................................................................... 297
2015 ......................................................................................... 147
2016 ......................................................................................... 99
Thereafter .................................................................................... 199
$1,578
Note 10. Interest and Other Income, Net
The components of interest and other income, net were as follows (in millions):
Year Ended December 31,
2009 2010 2011
Interest income ................................................................ $230 $579 $ 812
Interest expense ............................................................... 0 (5) (58)
Realized gains on available-for-sale investments, net ............................... 97 185 254
Impairment of equity investments ................................................ 0 0 (110)
Foreign currency exchange losses, net ............................................ (260) (355) (379)
Other ......................................................................... 2 11 65
Interest and other income, net ............................................... $ 69 $ 415 $584
Note 11. Accumulated Other Comprehensive Income
The components of accumulated other comprehensive income are as follows (in millions):
As of December 31,
2010 2011
Foreign currency translation adjustment ............................................... $(41) $(148)
Net unrealized gains on available-for-sale investments, net of taxes ....................... 94 327
Unrealized gains on cash flow hedges, net of taxes ...................................... 85 97
Accumulated other comprehensive income ............................................ $138 $ 276
Note 12. 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 primarily between 2012 and 2063. We are
committed to pay a portion of the 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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