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47GOOGLE INC. |Form10-K
PART II
ITEM8.Consolidated Statements of Income
Google Inc.
Consolidated Statements of Income
(In millions, except per share amounts)
Year Ended December31,
2010 2011 2012
Revenues:
Google (advertising and other) $29,321 $37,905 $46,039
Motorola Mobile (hardware and other) 0 0 4,136
Total revenues $29,321 $37,905 $50,175
Costs and expenses:
Cost of revenues—Google (advertising and other)(1) $10,417 $ 13,188 $ 17,176
Cost of revenues—Motorola Mobile (hardware and other)(1) 0 0 3,458
Research and development(1) 3,762 5,162 6,793
Sales and marketing(1) 2,799 4,589 6,143
General and administrative(1) 1,962 2,724 3,845
Charge related to the resolution of Department of Justice investigation 0 500 0
Total costs and expenses 18,940 26,163 37,415
Income from operations 10,381 11,742 12,760
Interest and other income, net 415 584 626
Income from continuing operations before income taxes 10,796 12,326 13,386
Provision for income taxes 2,291 2,589 2,598
Net income from continuing operations $ 8,505 $ 9,737 $10,788
Net loss from discontinued operations 0 0 (51)
Net income $ 8,505 $ 9,737 $10,737
Net income (loss) per share of Class A and Class B common stock—basic:
Continuing operations $ 26.69 $ 30.17 $ 32.97
Discontinued operations 0.00 0.00 (0.16)
Net income per share of Class A and Class B common stock—basic $ 26.69 $ 30.17 $ 32.81
Net income (loss) per share of Class A and Class B common stock—diluted:
Continuing operations $ 26.31 $ 29.76 $ 32.46
Discontinued operations 0.00 0.00 (0.15)
Net income per share of Class A and Class B common stock—diluted $ 26.31 $ 29.76 $ 32.31
(1) Includes stock-based compensation expense as follows:
Cost of revenues—Google (advertising and other) $ 67 $ 249 $ 359
Cost of revenues—Motorola Mobile (hardware and other) 0 0 14
Research and development 861 1,061 1,325
Sales and marketing 261 361 498
General and administrative 187 303 453
$ 1,376 $ 1,974 $ 2,649
See accompanying notes.
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