Google Company Analysis
Prepared by Matt Decuir
Exhibit 8 – Projected Income Statement(Note Hidden Years)
| Projections | ||||||
| Annual Income Statement ($ in Millions) | 2007 | 2008 | 2009 | 2016 | 2026 | Assumptions |
| Sales | $16,532 | $25,726 | $39,791 | $155,388 | $253,398 | Logistic Growth |
| Cost Of Goods | 6,658 | 10,328 | 15,942 | 62,087 | 101,211 | Trend |
| Gross Profit | $9,874 | $15,398 | $23,848 | $93,301 | $152,188 | |
| Selling & Adminstrative & Depr. & Amort Expenses | 4,285 | 6,689 | 10,367 | 40,597 | 66,228 | Trend |
| Income After Depreciation & Amortization | $5,589 | $8,708 | $13,481 | $52,704 | $85,960 | |
| Non-Operating Income | 461 | 461 | 461 | 461 | 461 | nc |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | nc |
| Pretax Income | $6,050 | $9,169 | $13,942 | $53,165 | $86,421 | |
| Income Taxes | 2,117 | 3,209 | 4,880 | 18,608 | 30,247 | 35% Tax Rate |
| Net Income | $3,932 | $5,960 | $9,062 | $34,557 | $56,174 | |