2015 Financial Tables
Full year financial tables with quarterly data.
Google's Income Statement Information
Please note: Results from Motorola Home and Motorola Mobile 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.
On April 2, 2014, we issued shares of Class C capital stock as a dividend to our stockholders. Except for the number of authorized shares and par value, all references to share and per share amounts have been retroactively restated for all prior periods shown to reflect the stock split, which was effected in the form of a stock dividend.
(In millions, except share amounts which are reflected in thousands and per share amounts)
Full Year | 2015 | |||||
(unaudited) | (unaudited) | (unaudited) | ||||
Revenues | 2013 | 2014 | Q1 | Q2 | Q3 | |
Google Websites | $37,422 | $45,085 | $11,932 | $12,402 | $13,087 | |
Y/Y Growth Rate | 20% | 20% | 14% | 13% | 16% | |
Q/Q Growth Rate | NA | NA | -4% | 4% | 6% | |
Google Network Members' Websites* | $13,650 | $14,539 | $3,576 | $3,621 | $3,694 | |
Y/Y Growth Rate | 6% | 7% | 1% | 2% | 4% | |
Q/Q Growth Rate | NA | NA | -8% | 1% | 2% | |
Total Advertising Revenues* | $51,072 | $59,624 | $15,508 | $16,023 | $16,781 | |
Y/Y Growth Rate | 16% | 17% | 11% | 11% | 13% | |
Q/Q Growth Rate | NA | NA | -5% | 3% | 5% | |
Other Revenues* | $4,447 | $6,377 | $1,750 | $1,704 | $1,894 | |
Y/Y Growth Rate | 135% | 43% | 23% | 17% | 11% | |
Q/Q Growth Rate | NA | NA | -2% | -3% | 11% | |
Total Revenues | $55,519 | $66,001 | $17,258 | $17,727 | $18,675 | |
Y/Y Growth Rate | 21% | 19% | 12% | 11% | 13% | |
Q/Q Growth Rate | NA | NA | -5% | 3% | 5% | |
As % of Revenues | ||||||
Google Websites | 67% | 68% | 69% | 70% | 70% | |
Google Network Members’ Websites | 25% | 22% | 21% | 20% | 20% | |
Other Revenues | 8% | 10% | 10% | 10% | 10% |
*Prior period amounts have been adjusted to reflect the reclassification primarily related to DoubleClick ad serving software revenues from other revenues to advertising revenues from Google Network Members' websites to conform with our current period presentation.
Full Year | 2015 | |||||
(unaudited) | (unaudited) | (unaudited) | ||||
Costs | 2013 | 2014 | Q1 | Q2 | Q3 | |
Cost of Revenues | $21,993 | $25,691 | $6,356 | $6,583 | $7,037 | |
As a % of Revenues | 40% | 39% | 37% | 37% | 38% | |
Traffic Acquisition Cost | $12,258 | $13,497 | $3,345 | $3,377 | $3,566 | |
As % of Revenues | 22% | 20% | 19% | 19% | 19% | |
Other Cost of Revenues** | $9,735 | $12,194 | $3,011 | $3,206 | $3,471 | |
As % of Revenues | 18% | 19% | 18% | 18% | 19% | |
Research & Development** | $7,137 | $9,832 | $2,753 | $2,789 | $3,230 | |
As % of Revenues | 13% | 15% | 16% | 16% | 17% | |
Sales & Marketing** | $6,554 | $8,131 | $2,065 | $2,080 | $2,223 | |
As % of Revenues | 12% | 12% | 12% | 12% | 12% | |
General & Administrative** | $4,432 | $5,851 | $1,637 | $1,450 | $1,477 | |
As % of Revenues | 8% | 9% | 9% | 8% | 8% | |
Total Costs & Expenses** | $40,116 | $49,505 | $12,811 | $12,902 | $13,967 | |
Y/Y Growth Rate | 25% | 23% | 13% | 10% | 9% | |
Q/Q Growth Rate | NA | NA | -7% | 1% | 8% |
** Includes stock-based compensation expense.
Full Year | 2015 | |||||
(unaudited) | (unaudited) | (unaudited) | ||||
Profitability | 2013 | 2014 | Q1 | Q2 | Q3 | |
Income from Operations | $15,403 | $16,496 | $4,447 | $4,825 | $4,708 | |
As % of Revenues | 28% | 25% | 26% | 27% | 25% | |
Net Income from Continuing Operations | $13,160 | $13,620 | $3,515 | $3,931 | $3,979 | |
As % of Revenues | 24% | 21% | 20% | 22% | 21% | |
Net (Loss) Income from Discontinued Operations | -$427 | $516 | $0 | $0 | $0 | |
Net Income | $12,733 | $14,136 | $3,515 | $3,931 | $3,979 | |
EPS - Basic (Class A & B) | $19.13 | $20.91 | $5.16 | $4.99 | $5.80 | |
EPS - Basic - Continuing operations | $19.77 | $20.15 | $5.16 | $4.99 | $5.80 | |
EPS - Basic - Discontinued operations | -$0.64 | $0.76 | $0.00 | $0.00 | $0.00 | |
EPS - Diluted (Class A & B) | $18.79 | $20.57 | $5.10 | $4.93 | $5.73 | |
EPS - Diluted - Continuing operations | $19.42 | $19.82 | $5.10 | $4.93 | $5.73 | |
EPS - Diluted - Discontinued operations | -$0.63 | $0.75 | $0.00 | $0.00 | $0.00 | |
EPS - Basic (Class C) | $19.13 | $20.91 | $5.16 | $6.51 | $5.80 | |
EPS - Basic - Continuing operations | $19.77 | $20.15 | $5.16 | $6.51 | $5.80 | |
EPS - Basic - Discontinued operations | -$0.64 | $0.76 | $0.00 | $0.00 | $0.00 | |
EPS - Diluted (Class C) | $18.79 | $20.57 | $5.10 | $6.43 | $5.73 | |
EPS - Diluted - Continuing operations | $19.42 | $19.82 | $5.10 | $6.43 | $5.73 | |
EPS - Diluted - Discontinued operations | -$0.63 | $0.75 | $0.00 | $0.00 | $0.00 | |
Number of Shares | ||||||
Basic* | 665,692 | 675,935 | 680,915 | 683,617* | 686,435 | |
Diluted** | 677,618 | 687,070 | 689,498 | 690,878** | 694,319 | |
*For Q2'15 Basic Class A and B share count is 288,723 and 52,114, respectively, and
Class C is 342,780 **For Q2'15 Diluted Class A&B share count is 343,190 and Class C is 347,688 |
||||||
Note: In the second quarter of 2015, we identified an incorrect classification of certain revenues between legal entities, and as a consequence, we revised our income tax expense for periods beginning in 2008 through the first quarter of 2015. |
Balance Sheet & Cash Flow Statement Information
(In millions, except DSO)
Full Year | 2015 | |||||
(unaudited) | (unaudited) | (unaudited) | ||||
2013 | 2014 | Q1 | Q2 | Q3 | ||
Cash, Cash Equivalents & Marketable Securities | $58,717 | $64,395 | $65,436 | $69,780 | $72,767 | |
Accounts Receivable, net of allowance (Google stand-alone) | $8,098 | $9,383 | $8,584 | $9,394 | $9,749 | |
DSO for Google stand-alone (in days, using ending AR) | 53 | 52 | 45 | 48 | 48 | |
Property and Equipment, Net | $16,524 | $23,883 | $25,448 | $27,008 | $28,338 | |
Total Assets | $110,558 | $130,426 | $132,608 | $138,807 | $144,281 | |
Cash Flow from Operations | $18,659 | $22,376 | $6,617 | $6,985 | $6,007 | |
Capital Expenditures | $7,358 | $10,959 | $2,927 | $2,515 | $2,373 |
Supplemental Information
(In millions, except headcount data)
Full Year | 2015 | |||||
(unaudited) | (unaudited) | (unaudited) | ||||
2013 | 2014 | Q1 | Q2 | Q3 | ||
Amortization Expense of Intangible Assets (Google stand-alone) | $1,010 | $1,051 | $239 | $222 | $218 | |
Stock-Based Compensation Expense (Google stand-alone) | $3,127 | $4,175 | $1,203 | $1,132 | $1,432 | |
International Revenues as % of Revenues | 54% | 55% | 55% | 55% | 53% | |
Ending Permanent Headcount (Google stand-alone) | 43,862 | 53,600 | 55,419 | 57,148 | 59,976 | |
Sequential Headcount Growth Rate (Google stand-alone) | NA | NA | 3% | 3% | 5% |