Google Company Analysis
Prepared by Matt Decuir
Exhibit 3 – Common Base Analysis
| Common Base Income Statement | 2002 | 2003 | 2004 | 2005 | 2006 |
| Sales | 100.00% | 333.54% | 725.65% | 1396.71% | 2412.95% |
| Cost Of Goods | 100.00% | 475.90% | 1108.39% | 1955.36% | 3212.70% |
| Gross Profit | 100.00% | 272.76% | 562.22% | 1158.17% | 2071.46% |
| Selling & Adminstrative & Depr. & Amort Expenses | 100.00% | 409.48% | 503.32% | 1201.25% | 2328.74% |
| Income After Depreciation & Amortization | 100.00% | 183.66% | 600.60% | 1130.10% | 1903.80% |
| Non-Operating Income | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Interest Expense | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Pretax Income | 100.00% | 187.47% | 351.65% | 1158.22% | 2169.19% |
| Income Taxes | 100.00% | 282.70% | 294.56% | 793.29% | 1095.12% |
| Net Income | 100.00% | 106.01% | 400.51% | 1470.54% | 3088.25% |
| Depreciation Footnote | |||||
| Income Before Depreciation & Amortization | 100.00% | 184.51% | 1114.46% | 1114.46% | 1913.18% |
| Depreciation & Amortization (Cash Flow) | 100.00% | 189.92% | 512.32% | 1013.84% | 1973.53% |
| Income After Depreciation & Amortization | 100.00% | 183.66% | 600.60% | 1130.10% | 1903.80% |
| Common Base and Size Income Statement | 2002 | 2003 | 2004 | 2005 | 2006 |
| Sales | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Cost Of Goods | 100.00% | 142.68% | 152.75% | 140.00% | 133.14% |
| Gross Profit | 100.00% | 81.78% | 77.48% | 82.92% | 85.85% |
| Selling & Adminstrative & Depr. & Amort Expenses | 100.00% | 122.77% | 69.36% | 86.01% | 96.51% |
| Income After Depreciation & Amortization | 100.00% | 55.06% | 82.77% | 80.91% | 78.90% |
| Non-Operating Income | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Interest Expense | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Pretax Income | 100.00% | 56.21% | 48.46% | 82.92% | 89.90% |
| Income Taxes | 100.00% | 84.76% | 40.59% | 56.80% | 45.39% |
| Net Income | 100.00% | 31.78% | 55.19% | 105.29% | 127.99% |
| Depreciation Footnote | |||||
| Income Before Depreciation & Amortization | 100.00% | 55.32% | 153.58% | 79.79% | 79.29% |
| Depreciation & Amortization (Cash Flow) | 100.00% | 56.94% | 70.60% | 72.59% | 81.79% |
| Income After Depreciation & Amortization | 100.00% | 55.06% | 82.77% | 80.91% | 78.90% |