10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOOGLE INC. | |||
Ticker: GOOG Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
Period Ending Dec 31, 2012 10-K (Filed: Jan 29, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues: | |||
| Revenues | $ 50,175 | 37,905 | 29,321 |
| Costs and expenses: | |||
| Research and development | 6,793 | 5,162 | 3,762 [1] |
| Sales and marketing | 6,143 | 4,589 | 2,799 |
| General and administrative | 3,845 | 2,724 | 1,962 |
| Charge related to the resolution of Department of Justice investigation | 0 | 500 | 0 |
| Total costs and expenses | 37,415 | 26,163 | 18,940 |
| Income from operations | 12,760 | 11,742 | 10,381 |
| Interest and other income, net | 626 | 584 | 415 |
| Income from continuing operations before income taxes | 13,386 | 12,326 | 10,796 |
| Provision for income taxes | 2,598 | 2,589 | 2,291 |
| Net income from continuing operations | 10,788 | 9,737 | 8,505 |
| Net loss from discontinued operations | (51) | 0 | 0 |
| Net income | 10,737 | 9,737 | 8,505 |
| Net income (loss) per share of Class A and Class B common stock-basic: | |||
| Continuing operations | 32.97 | 30.17 | 26.69 |
| Discontinued operations | (0.16) | 0.00 | 0.00 |
| Net income per share of Class A and Class B common stock-basic | 32.81 | 30.17 | 26.69 |
| Net income (loss) per share of Class A and Class B common stock-diluted: | |||
| Continuing operations | 32.46 | 29.76 | 26.31 |
| Discontinued operations | (0.15) | 0.00 | 0.00 |
| Net income per share of Class A and Class B common stock-diluted | 32.31 | 29.76 | 26.31 |
| Legal Entity | |||
| Products and Services | |||
| Advertising and other | |||
| Revenues | 46,039 | 37,905 | 29,321 |
| Cost of revenues | 17,176 | 13,188 | 10,417 |
| Motorola Mobile | |||
| Hardware and other | |||
| Revenues | 4,136 | 0 | 0 |
| Cost of revenues | 3,458 | 0 | 0 |
| [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 | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOOGLE INC. | |||
Ticker: GOOG Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2012 10-K (Filed: Jan 29, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 10,737 | 9,737 | 8,505 |
| Other comprehensive income: | |||
| Change in foreign currency translation adjustment | 75 | (107) | (124) |
| Available-for-sale investments: | |||
| Change in net unrealized gains | 493 | 348 | 232 |
| Less: reclassification adjustment for net gains included in net income | (216) | (115) | (151) |
| Net change (net of tax effect of $52, $54, $68) | 277 | 233 | 81 |
| Cash flow hedges: | |||
| Change in unrealized gains | 47 | 39 | 196 |
| Less: reclassification adjustment for gains included in net income | (137) | (27) | (120) |
| Net change (net of tax effect of $52, $2, $53) | (90) | 12 | 76 |
| Other comprehensive income | 262 | 138 | 33 |
| Comprehensive income | 10,999 | 9,875 | 8,538 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GOOGLE INC. | |||
Ticker: GOOG Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Filed: Jan 29, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating activities | |||
| Net income | $ 10,737 | 9,737 | 8,505 |
| Adjustments: | |||
| Depreciation and amortization of property and equipment | 1,988 | 1,396 | 1,067 |
| Amortization of intangible and other assets | 974 | 455 | 329 |
| Stock-based compensation expense | 2,692 | 1,974 | 1,376 |
| Excess tax benefits from stock-based award activities | (188) | (86) | (94) |
| Deferred income taxes | (266) | 343 | 9 |
| Impairment of equity investments | 0 | 110 | 0 |
| Gain on divestiture of business | (188) | 0 | 0 |
| Other | (28) | 6 | (12) |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (787) | (1,156) | (1,129) |
| Income taxes, net | 1,492 | 731 | 102 |
| Inventories | 301 | (30) | 0 |
| Prepaid revenue share, expenses and other assets | (833) | (232) | (414) |
| Accounts payable | (499) | 101 | 272 |
| Accrued expenses and other liabilities | 762 | 795 | 745 |
| Accrued revenue share | 299 | 259 | 214 |
| Deferred revenue | 163 | 162 | 111 |
| Net cash provided by operating activities | 16,619 | 14,565 | 11,081 |
| Investing activities | |||
| Purchases of property and equipment | (3,273) | (3,438) | (4,018) |
| Purchases of marketable securities | (33,410) | (61,672) | (43,985) |
| Maturities and sales of marketable securities | 35,180 | 48,746 | 37,099 |
| Investments in non-marketable equity securities | (696) | (428) | (320) |
| Cash collateral related to securities lending | (334) | (354) | 2,361 |
| Investments in reverse repurchase agreements | 45 | 5 | (750) |
| Acquisitions, net of cash acquired and proceeds received from divestiture, and purchases of intangible and other assets | (10,568) | (1,900) | (1,067) |
| Net cash used in investing activities | (13,056) | (19,041) | (10,680) |
| Financing activities | |||
| Net proceeds (payments) from stock-based award activities | (287) | (5) | 294 |
| Excess tax benefits from stock-based award activities | 188 | 86 | 94 |
| Repurchase of common stock in connection with acquisitions | 0 | 0 | (801) |
| Proceeds from issuance of debt, net of costs | 16,109 | 10,905 | 5,246 |
| Repayment of debt | (14,781) | (10,179) | (1,783) |
| Net cash provided by financing activities | 1,229 | 807 | 3,050 |
| Effect of exchange rate changes on cash and cash equivalents | 3 | 22 | (19) |
| Net increase (decrease) in cash and cash equivalents | 4,795 | (3,647) | 3,432 |
| Cash and cash equivalents at beginning of year | 9,983 | 13,630 | |
| Cash and cash equivalents at end of year | 14,778 | 9,983 | 13,630 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for interest | 74 | 40 | 0 |
| Cash paid for taxes | 2,034 | 1,471 | 2,175 |
| Non-cash financing activity: | |||
| Fair value of stock-based awards assumed in connection with acquisitions | 41 | 0 | 750 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GOOGLE INC. | ||
Ticker: GOOG Fiscal Year: 2012 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2012 10-K (Filed: Jan 29, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Current assets: | ||
| Cash and Cash Equivalents | $ 14,778 | 9,983 |
| Marketable securities | 33,310 | 34,643 |
| Total cash, cash equivalents, and marketable securities | 48,088 | 44,626 |
| Accounts receivable, net of allowance of $133 and $581 | 7,885 | 5,427 |
| Inventories | 505 | 35 |
| Receivable under reverse repurchase agreements | 700 | 745 |
| Deferred income taxes, net | 1,144 | 215 |
| Prepaid revenue share, expenses and other assets | 2,132 | 1,710 |
| Total current assets | 60,454 | 52,758 |
| Prepaid revenue share, expenses and other assets, non-current | 2,011 | 499 |
| Non-marketable equity securities | 1,469 | 790 |
| Property and equipment, net | 11,854 | 9,603 |
| Intangible assets, net | 7,473 | 1,578 |
| Goodwill | 10,537 | 7,346 |
| Total assets | 93,798 | 72,574 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | 2,012 | 588 |
| Short-term debt | 2,549 | 1,218 |
| Accrued compensation and benefits | 2,239 | 1,818 |
| Accrued expenses and other current liabilities | 3,258 | 1,370 |
| Accrued revenue share | 1,471 | 1,168 |
| Securities lending payable | 1,673 | 2,007 |
| Deferred revenue | 895 | 547 |
| Income taxes payable, net | 240 | 197 |
| Total current liabilities | 14,337 | 8,913 |
| Long-term debt | 2,988 | 2,986 |
| Deferred revenue, non-current | 100 | 44 |
| Income taxes payable, non-current | 2,046 | 1,693 |
| Deferred income taxes, net, non-current | 1,872 | 287 |
| Other long-term liabilities | 740 | 506 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Convertible preferred stock, $0.001 par value per share, 100,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Class A and Class B common stock and additional paid-in capital, $0.001 par value per share: 9,000,000 shares authorized (Class A 6,000,000, Class B 3,000,000) and 12,000,000 shares authorized (Class A 9,000,000, Class B 3,000,000); 324,895 (Class A 257,553, Class B 67,342) and par value of $325 (Class A $258, Class B $67) and 329,979 (Class A 267,448, Class B 62,531) and par value of $330 (Class A $267, Class B $63) shares issued and outstanding | 22,835 | 20,264 |
| Class C capital stock, $0.001 par value per share, 3,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Accumulated other comprehensive income | 538 | 276 |
| Retained earnings | 48,342 | 37,605 |
| Total stockholders' equity | 71,715 | 58,145 |
| Total liabilities and stockholders' equity | 93,798 | 72,574 |
| External Links | |
| GOOGLE INC. (GOOG) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |