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Alphabet Inc.
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CONSOLIDATED STATEMENTS OF INCOME
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(In millions, except per share amounts)
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Three Months Ended Nine Months Ended
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September 30, September 30,
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2014 2015 2014 2015 (a)
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(unaudited)
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Revenues $16,523 $18,675 $47,898 $53,660
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Costs and expenses:
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Cost of revenues 6,695 7,037 18,770 19,976
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Research and development 2,655 3,230 7,019 8,772
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Sales and marketing 2,084 2,223 5,754 6,368
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General and administrative 1,365 1,477 4,258 4,564
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Total costs and expenses 12,799 13,967 35,801 39,680
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Income from operations 3,724 4,708 12,097 13,980
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Interest and other income, net 133 183 635 471
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Income from continuing operations before income taxes 3,857 4,891 12,732 14,451
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Provision for income taxes 933 912 2,820 3,026
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Net income from continuing operations 2,924 3,979 9,912 11,425
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Net loss from discontinued operations (185) 0 (451) 0
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Net income $2,739 $3,979 $9,461 $11,425
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Less: Adjustment Payment to Class C capital stockholders 0 0 0 522
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Net income available to all stockholders $2,739 $3,979 $9,461 $10,903
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Basic net income (loss) per share of Class A and B common stock
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Continuing operations $4.32 $5.80 $14.69 $15.95
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Discontinued operations (0.27) 0.00 (0.67) 0.00
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Basic net income per share of Class A and B common stock $4.05 $5.80 $14.02 $15.95
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Basic net income (loss) per share of Class C capital stock
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Continuing operations $4.32 $5.80 $14.69 $17.47
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Discontinued operations (0.27) 0.00 (0.67) 0.00
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Basic net income per share of Class C capital stock $4.05 $5.80 $14.02 $17.47
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Diluted net income (loss) per share of Class A and B common stock
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Continuing operations $4.25 $5.73 $14.44 $15.77
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Discontinued operations (0.27) 0.00 (0.66) 0.00
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Diluted net income per share of Class A and B common stock $3.98 $5.73 $13.78 $15.77
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Diluted net income (loss) per share of Class C capital stock
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Continuing operations $4.25 $5.73 $14.44 $17.27
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Discontinued operations (0.27) 0.00 (0.66) 0.00
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Diluted net income per share of Class C capital stock $3.98 $5.73 $13.78 $17.27
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(a) Basic and diluted net income per share for the nine months ended September 30, 2015 includes impact from Adjustment Payment to Class C capital stockholders.