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Google Inc.
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CONSOLIDATED STATEMENTS OF INCOME
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(In millions, except share amounts which are reflected in thousands and per share amounts)
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Three Months Ended
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March 31,
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2014 2015
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(unaudited)
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Revenues $15,420 $17,258
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Costs and expenses:
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Cost of revenues (1) 5,961 6,356
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Research and development (1) 2,126 2,753
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Sales and marketing (1) 1,729 2,065
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General and administrative (1) 1,489 1,637
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Total costs and expenses 11,305 12,811
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Income from operations 4,115 4,447
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Interest and other income, net 357 157
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Income from continuing operations before income taxes 4,472 4,604
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Provision for income taxes 822 1,018
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Net income from continuing operations 3,650 3,586
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Net loss from discontinued operations (1) (198) 0
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Net income $3,452 $3,586
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Net income (loss) per share -- basic:
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Continuing operations $5.42 $5.27
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Discontinued operations (0.29) 0.00
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Net income per share - basic $5.13 $5.27
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Net income (loss) per share - diluted:
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Continuing operations $5.33 $5.20
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Discontinued operations (0.29) 0.00
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Net income per share - diluted $5.04 $5.20
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Shares used in per share calculation - basic 672,587 680,915
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Shares used in per share calculation - diluted 685,212 689,498
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(1) Includes stock-based compensation expense as follows:
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Cost of revenues $95 $160
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Research and development 456 615
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Sales and marketing 147 205
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General and administrative 141 223
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Discontinued operations 48 0
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Total stock-based compensation expense $887 $1,203