Google 2011 Annual Report Download - page 91

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The following table sets forth the computation of basic and diluted net income per share of Class A and Class B
common stock (in millions, except share amounts which are reflected in thousands and per share amounts):
Year Ended December 31,
2009 2010 2011
Class A Class B Class A Class B Class A Class B
Basic net income per share:
Numerator
Allocation of undistributed earnings ............. $ 4,981 $ 1,539 $ 6,569 $ 1,936 $ 7,658 $ 2,079
Denominator
Weighted-average common shares outstanding . . 241,575 74,651 246,168 72,534 253,862 68,916
Less: Weighted-average unvested common
shares subject to repurchase or
cancellation .............................. (5) 0 0 0 0 0
Number of shares used in per share
computation ........................... 241,570 74,651 246,168 72,534 253,862 68,916
Basic net income per share ......................... $ 20.62 $ 20.62 $ 26.69 $ 26.69 $ 30.17 $ 30.17
Diluted net income per share:
Numerator
Allocation of undistributed earnings for basic
computation ............................... $ 4,981 $ 1,539 $ 6,569 $ 1,936 $ 7,658 $ 2,079
Reallocation of undistributed earnings as a result
of conversion of Class B to Class A shares ..... 1,539 0 1,936 0 2,079 0
Reallocation of undistributed earnings to Class B
shares ..................................... 0 (13) 0 (26) 0 (27)
Allocation of undistributed earnings ............. $ 6,520 $ 1,526 $ 8,505 $ 1,910 $ 9,737 $ 2,052
Denominator
Number of shares used in basic computation ..... 241,570 74,651 246,168 72,534 253,862 68,916
Weighted-average effect of dilutive securities .....
Add:
Conversion of Class B to Class A common
shares outstanding ................... 74,651 0 72,534 0 68,916 0
Unvested common shares subject to
repurchase or cancellation ............ 5 0 0 0 0 0
Employee stock options, including warrants
issued under Transferable Stock Option
program ............................ 2,569 114 3,410 71 2,958 46
Restricted shares and RSUs ............. 621 0 1,139 0 1,478 0
Number of shares used in per share
computation ...................... 319,416 74,765 323,251 72,605 327,214 68,962
Diluted net income per share ........................ $ 20.41 $ 20.41 $ 26.31 $ 26.31 $ 29.76 $ 29.76
The net income per share amounts are the same for Class A and Class B common stock because the holders of
each class are legally entitled to equal per share distributions whether through dividends or in liquidation.
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