google growth

2013 Financial Tables

Full year financial tables with quarterly data.

Google's Income Statement Information

Please note: Results from Motorola Home are presented as net income (loss) from discontinued operations on the consolidated statements of income, and are excluded from all other results unless otherwise noted.
Beginning in Q3 2013, Google and Motorola segment revenues are impacted by intersegment transactions that are eliminated in consolidation. Additionally, segment revenues associated with certain products were recognized this quarter in the segment results, but deferred to future periods in our consolidated financial statements.
(In millions, except share amounts which are reflected in thousands and per share amounts)

	Full Year		2013
			(unaudited)
Revenues	2011	2012	Q1	Q2	Q3
Google Websites	$26,145	$31,221	$8,640	$8,868	$9,394
Y/Y Growth Rate	34%	19%	18%	18%	22%
Q/Q Growth Rate	NA	NA	0%	3%	6%
Google Network Members' Websites	$10,386	$12,465	$3,262	$3,193	$3,148
Y/Y Growth Rate	18%	20%	12%	7%	0%
Q/Q Growth Rate	NA	NA	-5%	-2%	-1%
Total Advertising Revenues	$36,531	$43,686	$11,902	$12,061	$12,542
Y/Y Growth Rate	29%	20%	16%	15%	15%
Q/Q Growth Rate	NA	NA	-1%	1%	4%
Other Revenues	$1,374	$2,354	$1,049	$1,046	$1,230
Y/Y Growth Rate	27%	71%	150%	138%	85%
Q/Q Growth Rate	NA	NA	27%	0%	18%
Total Google Segment Revenues	$37,905	$46,039	$12,951	$13,107	$13,772
Y/Y Growth Rate	29%	21%	22%	20%	19%
Q/Q Growth Rate	NA	NA	0%	1%	5%
Total Motorola Mobile Segment Revenues	NA	$4,136	$1,018	$998	$1,184
Y/Y Growth Rate	NA	NA	NA	18%	-33%
Q/Q Growth Rate	NA	NA	-33%	-2%	19%
Elimination & Other	NA	NA	NA	NA	-$63
Total Consolidated Revenues	$37,905	$50,175	$13,969	$14,105	$14,893
Y/Y Growth Rate	29%	32%	31%	19%	12%
Q/Q Growth Rate	NA	NA	-3%	1%	6%
As % of Google Segment Revenues
Google Websites	69%	68%	67%	68%	68%
Google Network Members’ Websites	27%	27%	25%	24%	23%
Other Revenues	4%	5%	8%	8%	9%

	Full Year		2013
			(unaudited)
Costs	2011	2012	Q1	Q2	Q3
Cost of Revenues*	$13,188	$20,634	$5,944	$6,063	$6,413
As % of Consolidated Revenues	35%	41%	43%	43%	43%
Traffic Acquisition Cost	$8,811	$10,956	$2,962	$3,013	$2,972
As % of Google Segment Revenues	23%	24%	23%	23%	22%
Other Cost of Revenues*	$4,377	$9,678	$2,982	$3,050	$3,441
As % of Consolidated Revenues	12%	19%	21%	22%	23%
Research & Development*	$5,162	$6,793	$1,837	$1,987	$2,017
As % of Consolidated Revenues	14%	14%	13%	14%	14%
Sales & Marketing*	$4,589	$6,143	$1,586	$1,735	$1,806
As % of Consolidated Revenues	12%	12%	11%	12%	12%
General & Administrative*	$2,724	$3,845	$1,125	$1,197	$1,213
As % of Consolidated Revenues	7%	8%	8%	9%	8%
Charge Related to the Resolution of Department of Justice Investigation	$500	NA	NA	NA	NA
As % of Consolidated Revenues	1%	NA	NA	NA	NA
Total Costs & Expenses*	$26,163	$37,415	$10,492	$10,982	$11,449
Y/Y Growth Rate	38%	43%	45%	28%	8%
Q/Q Growth Rate	NA	NA	-5%	5%	4%

* Includes stock-based compensation expense.

	Full Year		2013
			(unaudited)
Profitability	2011	2012	Q1	Q2	Q3
Income from Operations	$11,742	$12,760	$3,477	$3,123	$3,444
As % of Consolidated Revenues	31%	25%	25%	22%	23%
Google Segment Income from Operations*	$14,216	$16,308	$4,403	$4,208	$4,635
As % of Google Segment Revenues	38%	35%	34%	32%	34%
Motorola Mobile Segment Loss from Operations*	NA	-$393	-$179	-$218	-$248
As % of Motorola Mobile Segment Revenues	NA	-10%	-18%	-22%	-21%
Net Income	$9,737	$10,737	$3,346	$3,228	$2,970
Net Income from Continuing Operations	$9,737	$10,788	$3,324	$2,554	$2,955
As % of Consolidated Revenues	26%	22%	24%	18%	20%
Net Income (Loss) from Discontinued Operations	NA	-$51	$22	$674	$15
EPS - Basic	$30.17	$32.81	$10.13	$9.71	$8.90
EPS - Basic - Continuing Operations	$30.17	$32.97	$10.06	$7.68	$8.86
EPS - Basic - Discontinued Operations	NA	-$0.16	$0.07	$2.03	$0.04
EPS - Diluted	$29.76	$32.31	$9.94	$9.54	$8.75
EPS - Diluted - Continuing Operations	$29.76	$32.46	$9.87	$7.55	$8.71
EPS - Diluted - Discontinued Operations	NA	-$0.15	$0.07	$1.99	$0.04
Number of Shares
Basic	322,778	327,213	330,454	332,480	333,616
Diluted	327,214	332,305	336,663	338,337	339,235

* Because of the eliminations, the sum of the two segment results will not equal the consolidated results unless the eliminations are taken into account.

Balance Sheet & Cash Flow Statement Information (including Motorola Home)

(In millions, except DSO)

	Full Year		2013
			(unaudited)
	2011	2012	Q1	Q2	Q3
Cash, Cash Equivalents & Marketable Securities	$44,626	$48,088	$50,098	$54,432	$56,523
Accounts Receivable, Net of Allowance (Google stand-alone)	$5,427	$6,769	$6,526	$6,792	$7,083
DSO for Google stand-alone (in days, using ending AR)	52	54	45	47	47
Property and Equipment, Net	$9,603	$11,854	$12,300	$12,912	$14,867
Total Assets	$72,574	$93,798	$96,692	$101,182	$105,068
Cash Flow from Operations	$14,565	$16,619	$3,633	$4,705	$5,083
Capital Expenditures	$3,438	$3,273	$1,203	$1,611	$2,289

Supplemental Information

(In millions, except headcount data)

	Full Year		2013
			(unaudited)
	2011	2012	Q1	Q2	Q3
Consolidated Amortization Expense of Intangible Assets	$455	$893	$315	$283	$281
Google Segment Amortization Expense of Intangible Assets	$455	$792	$278	$246	$244
Motorola Mobile Segment Amortization Expense of Intangible Assets	NA	$101	$37	$37	$37
Stock-Based Compensation Expense (excluding Motorola Home)	$1,974	$2,649	$697	$783	$886
Google Segment International Revenues as % of Google Segment Revenues	54%	54%	55%	55%	56%
Ending Permanent Headcount	32,467	53,861	53,891	44,777	46,421
Google Stand-Alone Headcount	32,467	37,544	38,739	40,178	42,162
Sequential Headcount Growth Rate for Google Stand-Alone	33%	16%	3%	4%	5%
Motorola Stand-Alone Headcount	NA	16,317	15,152	4,599	4,259