Google 2011 Annual Report Download - page 80

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Google Inc.
CONSOLIDATED BALANCE SHEETS
(In millions, except share and par value amounts which are reflected in thousands,
and par value per share amounts)
As of
December 31,
2010
As of
December 31,
2011
Assets
Current assets:
Cash and cash equivalents .................................................... $13,630 $ 9,983
Marketable securities ......................................................... 21,345 34,643
Total cash, cash equivalents, and marketable securities (including securities loaned
of $4,031 and $2,778) ..................................................... 34,975 44,626
Accounts receivable, net of allowance of $101 and $133 .......................... 4,252 5,427
Receivable under reverse repurchase agreements ............................... 750 745
Deferred income taxes, net .................................................... 259 215
Prepaid revenue share, expenses and other assets ............................... 1,326 1,745
Total current assets .......................................................... 41,562 52,758
Prepaid revenue share, expenses and other assets, non-current ........................ 442 499
Deferred income taxes, net, non-current ............................................ 265 0
Non-marketable equity securities ................................................... 523 790
Property and equipment, net ....................................................... 7,759 9,603
Intangible assets, net ............................................................. 1,044 1,578
Goodwill ......................................................................... 6,256 7,346
Total assets ...................................................................... $57,851 $ 72,574
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ............................................................ $ 483 $ 588
Short-term debt ............................................................. 3,465 1,218
Accrued compensation and benefits ........................................... 1,410 1,818
Accrued expenses and other current liabilities ................................... 961 1,370
Accrued revenue share ....................................................... 885 1,168
Securities lending payable .................................................... 2,361 2,007
Deferred revenue ............................................................ 394 547
Income taxes payable, net ..................................................... 37 197
Total current liabilities ........................................................ 9,996 8,913
Long-term debt .................................................................. 0 2,986
Deferred revenue, non-current ..................................................... 35 44
Income taxes payable, non-current ................................................. 1,200 1,693
Deferred income taxes, net, non-current ............................................ 0 287
Other long-term liabilities .......................................................... 379 506
Commitments and contingencies
Stockholders’ equity:
Convertible preferred stock, $0.001 par value per share, 100,000 shares authorized;
no shares issued and outstanding ............................................ 0 0
Class A and Class B common stock and additional paid-in capital, $0.001 par value
per share: 9,000,000 shares authorized; 321,301 (Class A 250,413, Class B
70,888) and par value of $321 (Class A $250, Class B $71) and 324,895 (Class A
257,553, Class B 67,342) and par value of $325 (Class A $258, Class B $67)
shares issued and outstanding .............................................. 18,235 20,264
Accumulated other comprehensive income ..................................... 138 276
Retained earnings ............................................................ 27,868 37,605
Total stockholders’ equity ......................................................... 46,241 58,145
Total liabilities and stockholders’ equity ............................................. $57,851 $ 72,574
See accompanying notes.
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