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As Of Filer Filing For·On·As Docs:Size Issuer Agent 4/16/09 Google Inc. 8-K:2,5,8,9 4/16/09 3:253K RR Donnelley/FA |
Document/Exhibit Description Pages Size
1: 8-K Current Report HTML 19K
2: EX-99.1 Press Release of Google Inc. Dated April 16, 2009 HTML 134K
3: EX-99.2 Financial Tables for the Quarter Ended March 31, HTML 72K
2009
| Financial tables for the quarter ended March 31, 2009 |
Exhibit 99.2
Google Inc.
CONSOLIDATED BALANCE SHEETS
(In thousands)
| December 31, 2008* |
March 31, 2009 | |||||
| (unaudited) | ||||||
| Assets |
||||||
| Current assets: |
||||||
| Cash and cash equivalents |
$ | 8,656,672 | $ | 10,426,291 | ||
| Marketable securities |
7,189,099 | 7,358,642 | ||||
| Accounts receivable, net of allowance |
2,642,192 | 2,543,105 | ||||
| Deferred income taxes, net |
286,105 | 434,903 | ||||
| Prepaid revenue share, expenses and other assets |
1,404,114 | 1,317,861 | ||||
| Total current assets |
20,178,182 | 22,080,802 | ||||
| Prepaid revenue share, expenses and other assets, non-current |
433,846 | 416,168 | ||||
| Deferred income taxes, net, non-current |
— | 52,296 | ||||
| Non-marketable equity securities |
85,160 | 100,999 | ||||
| Property and equipment, net |
5,233,843 | 5,122,105 | ||||
| Intangible assets, net |
996,690 | 910,344 | ||||
| Goodwill |
4,839,854 | 4,830,315 | ||||
| Total assets |
$ | 31,767,575 | $ | 33,513,029 | ||
| Liabilities and Stockholders’ Equity |
||||||
| Current liabilities: |
||||||
| Accounts payable |
$ | 178,004 | $ | 196,220 | ||
| Accrued compensation and benefits |
811,643 | 464,899 | ||||
| Accrued expenses and other current liabilities |
480,263 | 465,164 | ||||
| Accrued revenue share |
532,547 | 522,835 | ||||
| Deferred revenue |
218,084 | 216,937 | ||||
| Income taxes payable, net |
81,549 | 317,799 | ||||
| Total current liabilities |
2,302,090 | 2,183,854 | ||||
| Deferred revenue, non-current |
29,818 | 30,146 | ||||
| Income taxes payable, net, non-current |
890,115 | 1,160,158 | ||||
| Deferred income taxes, net, non-current |
12,515 | — | ||||
| Other long-term liabilities |
294,175 | 290,776 | ||||
| Stockholders’ equity: |
||||||
| Common stock |
315 | 316 | ||||
| Additional paid-in capital |
14,450,338 | 14,694,501 | ||||
| Accumulated other comprehensive income |
226,579 | 168,820 | ||||
| Retained earnings |
13,561,630 | 14,984,458 | ||||
| Total stockholders’ equity |
28,238,862 | 29,848,095 | ||||
| Total liabilities and stockholders’ equity |
$ | 31,767,575 | $ | 33,513,029 | ||
| * | Derived from audited financial statements. |
Google Inc.
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
| Three Months Ended March 31, | ||||||
| 2008 | 2009 | |||||
| (unaudited) | ||||||
| Revenues |
$ | 5,186,043 | $ | 5,508,990 | ||
| Costs and expenses: |
||||||
| Cost of revenues (including stock-based compensation expense of $9,148, $12,537) |
2,110,536 | 2,101,504 | ||||
| Research and development (including stock-based compensation expense of $193,800, $168,561) |
673,069 | 641,643 | ||||
| Sales and marketing (including stock-based compensation expense of $42,576, $59,026) |
446,898 | 433,941 | ||||
| General and administrative (including stock-based compensation expense of $35,255, $37,359) |
409,305 | 448,311 | ||||
| Total costs and expenses |
3,639,808 | 3,625,399 | ||||
| Income from operations |
1,546,235 | 1,883,591 | ||||
| Interest income and other, net |
167,343 | 6,210 | ||||
| Income before income taxes |
1,713,578 | 1,889,801 | ||||
| Provision for income taxes |
406,492 | 466,973 | ||||
| Net income |
$ | 1,307,086 | $ | 1,422,828 | ||
| Net income per share – basic |
$ | 4.17 | $ | 4.51 | ||
| Net income per share – diluted |
$ | 4.12 | $ | 4.49 | ||
| Shares used in per share calculation – basic |
313,129 | 315,252 | ||||
| Shares used in per share calculation – diluted |
317,392 | 317,221 | ||||
Google Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Three Months Ended March 31, |
||||||||
| 2008 | 2009 | |||||||
| (unaudited) | ||||||||
| Operating activities |
||||||||
| Net income |
$ | 1,307,086 | $ | 1,422,828 | ||||
| Adjustments: |
||||||||
| Depreciation and amortization of property and equipment |
280,564 | 321,129 | ||||||
| Amortization of intangibles and other |
55,960 | 82,093 | ||||||
| Stock-based compensation |
280,779 | 277,483 | ||||||
| Excess tax benefits from stock-based award activity |
(51,101 | ) | (31,844 | ) | ||||
| Deferred income taxes |
(38,214 | ) | (12,847 | ) | ||||
| Other, net |
(44,903 | ) | (21,409 | ) | ||||
| Changes in assets and liabilities, net of effects of acquisitions: |
||||||||
| Accounts receivable |
(223,493 | ) | 97,390 | |||||
| Income taxes, net |
438,175 | 324,753 | ||||||
| Prepaid revenue share, expenses and other assets |
(41,584 | ) | 77,457 | |||||
| Accounts payable |
53,784 | 21,879 | ||||||
| Accrued expenses and other liabilities |
(234,277 | ) | (322,339 | ) | ||||
| Accrued revenue share |
(10,124 | ) | 4,264 | |||||
| Deferred revenue |
6,794 | 8,675 | ||||||
| Net cash provided by operating activities |
1,779,446 | 2,249,512 | ||||||
| Investing activities |
||||||||
| Purchases of property and equipment |
(841,597 | ) | (262,755 | ) | ||||
| Purchases of marketable securities |
(2,819,512 | ) | (5,244,845 | ) | ||||
| Maturities and sales of marketable securities |
5,379,228 | 5,109,590 | ||||||
| Investments in non-marketable equity securities |
— | (18,750 | ) | |||||
| Acquisitions, net of cash acquired, and purchases of intangible and other assets |
(3,125,113 | ) | (2,072 | ) | ||||
| Net cash used in investing activities |
(1,406,994 | ) | (418,832 | ) | ||||
| Financing activities |
||||||||
| Net payments related to stock-based award activity |
(22,445 | ) | (36,736 | ) | ||||
| Excess tax benefits from stock-based award activity |
51,101 | 31,844 | ||||||
| Net cash provided by (used in) financing activities |
28,656 | (4,892 | ) | |||||
| Effect of exchange rate changes on cash and cash equivalents |
37,048 | (56,169 | ) | |||||
| Net increase in cash and cash equivalents |
438,156 | 1,769,619 | ||||||
| Cash and cash equivalents at beginning of period |
6,081,593 | 8,656,672 | ||||||
| Cash and cash equivalents at end of period |
$ | 6,519,749 | $ | 10,426,291 | ||||
The following table presents our revenues by revenue source (in thousands, unaudited):
| Three Months Ended March 31, | ||||||
| 2008 | 2009 | |||||
| Advertising revenues: |
||||||
| Google web sites |
$ | 3,400,405 | $ | 3,692,823 | ||
| Google Network web sites |
1,686,141 | 1,638,042 | ||||
| Total advertising revenues |
5,086,546 | 5,330,865 | ||||
| Licensing and other revenues |
99,497 | 178,125 | ||||
| Revenues |
$ | 5,186,043 | $ | 5,508,990 | ||
The following table presents our revenues by revenue source, as a percentage of total revenues (unaudited):
| Three Months Ended March 31, |
||||||
| 2008 | 2009 | |||||
| Advertising revenues: |
||||||
| Google web sites |
66 | % | 67 | % | ||
| Google Network web sites |
32 | % | 30 | % | ||
| Total advertising revenues |
98 | % | 97 | % | ||
| Licensing and other revenues |
2 | % | 3 | % | ||
| Revenues |
100 | % | 100 | % | ||
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on / For Period End: | 4/16/09 | POSASR | ||
| 3/31/09 | 10-Q | |||
| 12/31/08 | 10-K | |||
| 3/31/08 | 10-Q, 4 | |||
| List all Filings | ||||