Google Company Analysis
Prepared by Matt Decuir
Exhibit 4 – Historical Growth Rates
| year ending | ||||
| Yearly Growth Rates | 2003 | 2004 | 2005 | 2006 |
| Sales | 233.54% | 117.56% | 92.48% | 72.76% |
| Cost Of Goods | 375.90% | 132.91% | 76.41% | 64.30% |
| Gross Profit | 172.76% | 106.12% | 106.00% | 78.86% |
| Selling & Adminstrative & Depr. & Amort Expenses | 309.48% | 22.92% | 138.67% | 93.86% |
| Income After Depreciation & Amortization (EBIT) | 83.66% | 227.01% | 88.16% | 68.46% |
| Non-Operating Income | 0.00% | -11310.02% | -107.32% | 1240.62% |
| Interest Expense | -100.00% | 0.00% | 0.00% | 0.00% |
| Pretax Income (EBT) | 87.47% | 87.58% | 229.37% | 87.29% |
| Income Taxes | 182.70% | 4.20% | 169.32% | 38.05% |
| Net Income | 6.01% | 277.80% | 267.16% | 110.01% |
| Average Growth Rates | 2002-2006 | |||
| Sales | 121.63% | |||
| Cost Of Goods | 138.08% | |||
| Gross Profit | 113.34% | |||
| Selling & Adminstrative & Depr. & Amort Expenses | 119.67% | |||
| Income After Depreciation & Amortization (EBIT) | 108.88% | |||
| Non-Operating Income | 0.00% | |||
| Interest Expense | -100.00% | |||
| Pretax Income (EBT) | 115.81% | |||
| Income Taxes | 81.91% | |||
| Net Income | 135.74% | |||