Question

In: Accounting

What dollar amounts of Net Income reported in 2012,2011,2010 ? 4) Compute Google's liabilities as a...

What dollar amounts of Net Income reported in 2012,2011,2010 ?

4) Compute Google's liabilities as a percent of total asset in 2012 and 2011. Did the percentage increase or decrease ?

5) How much cash was provided by operating activities during 2012,2011,2010 ?

6) Comment on Financial Performance and Condition ??

  

2010

  

2011

  

2012

Revenues:

  

  

  

Google (advertising and other)

  

$

29,321

  

  

$

37,905

  

  

$

46,039

  

Motorola Mobile (hardware and other)

  

0

  

  

0

  

  

4,136

  

  

  

  

Total revenues

  

$

29,321

  

  

$

37,905

  

  

$

50,175

  

  

  

  

Costs and expenses:

  

  

  

Cost of revenues—Google (advertising and other)(1)

  

10,417

  

  

13,188

  

  

17,176

  

Cost of revenues—Motorola Mobile (hardware and other)(1)

  

0

  

  

0

  

  

3,458

  

Research and development(1)

  

3,762

  

  

5,162

  

  

6,793

  

Sales and marketing(1)

  

2,799

  

  

4,589

  

  

6,143

  

General and administrative(1)

  

1,962

  

  

2,724

  

  

3,845

  

Charge related to the resolution of Department of Justice investigation

  

0

  

  

500

  

  

0

  

  

  

  

Total costs and expenses

  

18,940

  

  

26,163

  

  

37,415

  

  

  

  

Income from operations

  

10,381

  

  

11,742

  

  

12,760

  

Interest and other income, net

  

415

  

  

584

  

  

626

  

  

  

  

Income from continuing operations before income taxes

  

10,796

  

  

12,326

  

  

13,386

  

Provision for income taxes

  

2,291

  

  

2,589

  

  

2,598

  

  

  

  

Net income from continuing operations

  

$

8,505

  

  

$

9,737

  

  

$

10,788

  

Net loss from discontinued operations

  

0

  

  

0

  

  

(51

)

  

  

  

Net income

  

$

8,505

  

  

$

9,737

  

  

$

10,737

  

  

  

  

Net income (loss) per share of Class A and Class B common stock—basic:

  

  

  

Continuing operations

  

$

26.69

  

  

$

30.17

  

  

$

32.97

  

Discontinued operations

  

0.00

  

  

0.00

  

  

(0.16

)

  

  

  

Net income per share of Class A and Class B common stock—basic

  

$

26.69

  

  

$

30.17

  

  

$

32.81

  

  

  

  

Net income (loss) per share of Class A and Class B common stock—diluted:

  

  

  

Continuing operations

  

$

26.31

  

  

$

29.76

  

  

$

32.46

  

Discontinued operations

  

0.00

  

  

0.00

  

  

(0.15

)

  

  

  

Net income per share of Class A and Class B common stock—diluted

  

$

26.31

  

  

$

29.76

  

  

$

32.31

  

  

  

  

(1)        Includes stock-based compensation expense as follows:

  

  

  

Cost of revenues—Google (advertising and other)

  

$

67

  

  

$

249

  

  

$

359

  

Cost of revenues—Motorola Mobile (hardware and other)

  

0

  

  

0

  

  

14

  

Research and development

  

861

  

  

1,061

  

  

1,325

  

Sales and marketing

  

261

  

  

361

  

  

498

  

General and administrative

  

187

  

  

303

  

  

453

  

  

  

  

  

$

1,376

  

  

$

1,974

  

  

$

2,649

  

  

  

  

Solutions

Expert Solution

GoogLe in million $
ans 3 2010 2011 2012
Net Income $8,505 $9,737 $10,737
ans 4 19.88177584 23.54314591
Liabilities as a % of total asset (8913+2986+44+1693+287+506)/72574*100 (14337+2988+100+2046+1872+740)/93798
ans 5
Cash provided by operating activities $11,081 $14,565 $16,619
ans 6
We could calculate various ratios to know the performance
Net Margin Ratio 29.0 25.7 21.4 %
8505/29321*100 9737/37905*100 10737/50175*100
13.4 11.4 %
Return on assets 9737/72574*100 10737/93798*100
So the profitability is showing decreasing trend. In 2012 the net income ratio is 21.4% which
is good but is less as comparison to 2011 and 2010. The Return on assets is also showing decraesing trend
So the profitability is showing doen trend. Sales have increased but the expense also increased in a higher
proporation.

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