GOOG FY 2011 Earnings Report — Alphabet Inc. Revenue & Financial Results | Market Cap Arena

Alphabet Inc.GOOG

FY 2011 Earnings

Reported December 30, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$37.9B	—	$29.3B	—	29.3%
Op. Income	$11.7B	—	$10.4B	—	13.1%
Gross Margin	65.2%	—	64.5%	—	0.7pp
Net Margin	25.7%	—	29.0%	—	-3.3pp
EPS (Diluted)	$0.74	—	$0.66	—	12.1%
Free Cash Flow	$11.1B	—	$7.1B	—	57.5%

Revenue Flow

Item	Amount
REVENUE	$37.9B
Cost of Revenue	$13.2B
GROSS PROFIT	$24.7B
R&D Expenses	$5.2B
Selling & Marketing	$4.6B
General & Administrative	$2.7B
SG&A Expenses	$7.3B
Other Expenses	$500M
Operating Expenses	$13.0B
Cost & Expenses	$26.2B
OPERATING INCOME	$11.7B
Interest Income	$812M
Interest Expense	$58M
Other Income/Expenses	$584M
INCOME BEFORE TAX	$12.3B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$9.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9.7B
D&A	$1.9B
EBIT	$12.4B
EBITDA	$14.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$37.9B
Cost of Revenue	$13.2B
GROSS PROFIT	$24.7B
R&D Expenses	$5.2B
Selling & Marketing	$4.6B
General & Administrative	$2.7B
SG&A Expenses	$7.3B
Other Expenses	$500M
Operating Expenses	$13.0B
Cost & Expenses	$26.2B
OPERATING INCOME	$11.7B
Interest Income	$812M
Interest Expense	$58M
Other Income/Expenses	$584M
INCOME BEFORE TAX	$12.3B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$9.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9.7B
D&A	$1.9B
EBIT	$12.4B
EBITDA	$14.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$9.7B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$2.0B
Deferred Income Tax	$343M
Other Non-Cash Items	$30M
Change in Working Capital	$630M
OPERATING CASH FLOW	$14.6B
Capital Expenditure	-$3.4B
Acquisitions (Net)	-$1.9B
Purchases of Investments	-$62.1B
Sales/Maturities of Investments	$48.8B
Other Investing Activities	-$354M
NET CASH FROM INVESTING	-$19.0B
Net Debt Issuance	$726M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$81M
NET CASH FROM FINANCING	$807M
FREE CASH FLOW	$11.1B
Net Change in Cash	-$3.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$10.0B
Short-Term Investments	$34.6B
Net Receivables	$6.2B
Inventory	$215M
Other Current Assets	$35M
TOTAL CURRENT ASSETS	$52.8B
PP&E (Net)	$9.6B
Goodwill	$7.3B
Intangible Assets	$1.6B
Long-Term Investments	$790M
Tax Assets	$0
Other Non-Current Assets	$499M
TOTAL NON-CURRENT ASSETS	$19.8B
TOTAL ASSETS	$72.6B
Account Payables	$588M
Short-Term Debt	$1.2B
Deferred Revenue	$547M
Other Current Liabilities	$4.5B
TOTAL CURRENT LIABILITIES	$8.9B
Long-Term Debt	$3.0B
Deferred Revenue NC	$44M
Deferred Tax Liabilities	$287M
Other Non-Current Liabilities	$2.2B
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$14.4B
Common Stock	$20.3B
Additional Paid-In Capital	$0
Retained Earnings	$37.6B
Treasury Stock	$0
Accum. Other Comp. Income	$276M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$58.1B
Minority Interest	$0
TOTAL EQUITY	$58.1B
TOTAL LIABILITIES & EQUITY	$72.6B
Total Debt	$4.2B
Net Debt	-$5.8B