Google 2011 Annual Report Download - page 81

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Google Inc.
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)
Year Ended December 31,
2009 2010 2011
Revenues ............................................................... $23,651 $ 29,321 $37,905
Costs and expenses:
Cost of revenues (including stock-based compensation expense of $47,
$67, $249) ....................................................... 8,844 10,417 13,188
Research and development (including stock-based compensation expense
of $725, $861, $1,061) ............................................. 2,843 3,762 5,162
Sales and marketing (including stock-based compensation expense of
$231, $261, $361) ................................................. 1,984 2,799 4,589
General and administrative (including stock-based compensation expense
of $161, $187, $303) ............................................... 1,668 1,962 2,724
Charge related to the resolution of Department of Justice investigation ..... 0 0 500
Total costs and expenses ................................................. 15,339 18,940 26,163
Income from operations .................................................. 8,312 10,381 11,742
Interest and other income, net ............................................. 69 415 584
Income before income taxes .............................................. 8,381 10,796 12,326
Provision for income taxes ................................................ 1,861 2,291 2,589
Net income .............................................................. $6,520 $ 8,505 $ 9,737
Net income per share of Class A and Class B common stock:
Basic .............................................................. $20.62 $ 26.69 $ 30.17
Diluted ............................................................. $ 20.41 $ 26.31 $ 29.76
See accompanying notes.
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