Google Inc. | ||
CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
(In millions) | ||
Three Months Ended | ||
March 31, | ||
$ 2,012.00 | $ 2,013.00 | |
(unaudited) | ||
Operating activities | ||
Net income | $ 2,890.00 | $ 3,346.00 |
Adjustments: | ||
Depreciation and amortization of property and equipment | $ 378.00 | $ 584.00 |
Amortization of intangible and other assets | $ 133.00 | $ 315.00 |
Stock-based compensation expense | $ 556.00 | $ 708.00 |
Excess tax benefits from stock-based award activities | $ (28.00) | $ (94.00) |
Deferred income taxes | $ 354.00 | $ 202.00 |
Gain on sale of marketable equity securities | $ (44.00) | $ - |
Other | $ (24.00) | $ 37.00 |
Changes in assets and liabilities, net of effects of acquisitions: | ||
Accounts receivable | $ 301.00 | $ 256.00 |
Income taxes, net | $ 143.00 | $ (335.00) |
Inventories | $ (32.00) | $ (142.00) |
Prepaid revenue share, expenses and other assets | $ (276.00) | $ (212.00) |
Accounts payable | $ 169.00 | $ 87.00 |
Accrued expenses and other liabilities | $ (855.00) | $ (1,059.00) |
Accrued revenue share | $ (11.00) | $ (27.00) |
Deferred revenue | $ 40.00 | $ (33.00) |
Net cash provided by operating activities | $ 3,694.00 | $ 3,633.00 |
Investing activities | ||
Purchases of property and equipment | $ (607.00) | $ (1,203.00) |
Purchases of marketable securities | $ (8,688.00) | $ (7,834.00) |
Maturities and sales of marketable securities | $ 17,201.00 | $ 6,319.00 |
Investments in non-marketable equity investments | $ (103.00) | $ (36.00) |
Cash collateral related to securities lending | $ 245.00 | $ 564.00 |
Investments in reverse repurchase agreements | $ 195.00 | $ - |
Acquisitions, net of cash acquired, and purchases of intangibles and other assets | $ (92.00) | $ (251.00) |
Net cash provided by (used in) investing activities | $ 8,151.00 | $ (2,441.00) |
Financing activities | ||
Net payments related to stock-based award activities | $ (47.00) | $ (210.00) |
Excess tax benefits from stock-based award activities | $ 28.00 | $ 94.00 |
Proceeds from issuance of debt, net of costs | $ 3,149.00 | $ 2,922.00 |
Repayments of debt | $ (1,900.00) | $ (3,323.00) |
Net cash provided by (used in) financing activities | $ 1,230.00 | $ (517.00) |
Effect of exchange rate changes on cash and cash equivalents | $ 50.00 | $ (78.00) |
Net increase in cash and cash equivalents | $ 13,125.00 | $ 597.00 |
Cash and cash equivalents at beginning of period | $ 9,983.00 | $ 14,778.00 |
Cash and cash equivalents at end of period | $ 23,108.00 | $ 15,375.00 |
Thursday, April 18, 2013
Google Cash Sheet
Google Balance sheet
Google Inc. | ||
CONSOLIDATED BALANCE SHEETS | ||
(In millions, except share and par value amounts which are reflected in thousands, | ||
and par value per share amounts) | ||
As of December 31, 2012 | As of | |
31-Mar-13 | ||
(unaudited) | ||
Assets | ||
Current assets: | ||
Cash and cash equivalents | $14,778 | $15,375 |
Marketable securities | 33,310 | 34,723 |
Total cash, cash equivalents, and marketable securities (including securities loaned of $3,160 and $4,155) | 48,088 | 50,098 |
Accounts receivable, net of allowance of $581 and $533 | 7,885 | 7,612 |
Inventories | 505 | 648 |
Receivable under reverse repurchase agreements | 700 | 700 |
Deferred income taxes, net | 1,144 | 1,017 |
Income taxes receivable, net | 0 | 358 |
Prepaid revenue share, expenses and other assets | 2,132 | 2,375 |
Total current assets | 60,454 | 62,808 |
Prepaid revenue share, expenses and other assets, non-current | 2,011 | 2,195 |
Non-marketable equity investments | 1,469 | 1,470 |
Property and equipment, net | 11,854 | 12,300 |
Intangible assets, net | 7,473 | 7,324 |
Goodwill | 10,537 | 10,595 |
Total assets | $93,798 | $96,692 |
Liabilities and Stockholders’ Equity | ||
Current liabilities: | ||
Accounts payable | $2,012 | $2,094 |
Short-term debt | 2,549 | 2,150 |
Accrued compensation and benefits | 2,239 | 1,445 |
Accrued expenses and other current liabilities | 3,258 | 3,007 |
Accrued revenue share | 1,471 | 1,437 |
Securities lending payable | 1,673 | 2,237 |
Deferred revenue | 895 | 882 |
Income taxes payable, net | 240 | 0 |
Total current liabilities | 14,337 | 13,252 |
Long-term debt | 2,988 | 2,989 |
Deferred revenue, non-current | 100 | 79 |
Income taxes payable, non-current | 2,046 | 2,184 |
Deferred income taxes, net, non-current | 1,872 | 1,978 |
Other long-term liabilities | 740 | 737 |
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: 12,000,000 shares authorized (Class A 9,000,000, Class B 3,000,000); 329,979 (Class A 267,448, Class B 62,531) and par value of $330 (Class A $267, Class B $63) and 331,008 (Class A 270,165, Class B 60,843) and par value of $331 (Class A $270, Class B $61) shares issued and outstanding | 22,835 | 23,429 |
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 | 356 |
Retained earnings | 48,342 | 51,688 |
Total stockholders' equity | 71,715 | 75,473 |
Total liabilities and stockholders’ equity | $93,798 | $96,692 |
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