Google Company Analysis

Prepared by Matt Decuir

Exhibit 1 – Historical Income Statement

Annual Income Statement ($ in Millions) 2002 2003 2004 2005 2006
Sales $440 $1,466 $3,189 $6,139 $10,605
Cost Of Goods 132 626 1,458 2,572 4,225
  Gross Profit $308 $840 $1,732 $3,567 $6,380
Selling & Adminstrative & Depr. & Amort Expenses 122 498 612 1,460 2,830
  Income After Depreciation & Amortization $186 $342 $1,120 $2,107 $3,550
Non-Operating Income 0 4 -470 34 461
Interest Expense 2 0 0 0 0
  Pretax Income $185 $347 $650 $2,142 $4,011
Income Taxes 85 241 251 676 934
  Net Income $100 $106 $399 $1,465 $3,077
Depreciation Footnote
Income Before Depreciation & Amortization 215 398 2,401 2,401 4,122
Depreciation & Amortization (Cash Flow) 29 55 148 294 572
Income After Depreciation & Amortization $186 $342 $1,120 $2,107 $3,550
Earnings Per Share Data (EPS not in millions)
Average Shares 0.00 0.00 272.78 291.87 309.55
Diluted EPS Before Non-Recurring Items 0.00 0.00 2.75 5.21 9.78
Diluted Net EPS 0.00 0.00 1.46 5.02 9.94


Sales, COGS, & SG&A Chart

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