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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 Twelve Months Ended
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December 31, December 31,
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2014 2015 2014 2015 (a)
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(unaudited) (unaudited)
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Revenues $18,103 $21,329 $66,001 $74,989
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Costs and expenses:
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Cost of revenues 6,921 8,188 25,691 28,164
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Research and development 2,813 3,510 9,832 12,282
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Sales and marketing 2,377 2,679 8,131 9,047
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General and administrative 1,593 1,572 5,851 6,136
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Total costs and expenses 13,704 15,949 49,505 55,629
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Income from operations 4,399 5,380 16,496 19,360
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Other income (expense), net 128 (180) 763 291
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Income from continuing operations before income taxes 4,527 5,200 17,259 19,651
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Provision for income taxes 819 277 3,639 3,303
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Net income from continuing operations 3,708 4,923 13,620 16,348
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Net loss from discontinued operations 967 0 516 0
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Net income $4,675 $4,923 $14,136 $16,348
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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 $4,675 $4,923 $14,136 $15,826
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Basic net income per share of Class A and B common stock:
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Continuing operations $5.46 $7.16 $20.15 $23.11
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Discontinued operations 1.43 0.00 0.76 0.00
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Basic net income per share of Class A and B common stock $6.89 $7.16 $20.91 $23.11
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Basic net income per share of Class C capital stock:
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Continuing operations $5.46 $7.16 $20.15 $24.63
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Discontinued operations 1.43 0.00 0.76 0.00
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Basic net income per share of Class C capital stock $6.89 $7.16 $20.91 $24.63
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Diluted net income per share of Class A and B common stock:
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Continuing operations $5.38 $7.06 $19.82 $22.84
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Discontinued operations 1.41 0.00 0.75 0.00
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Diluted net income per share of Class A and B common stock $6.79 $7.06 $20.57 $22.84
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Diluted net income per share of Class C capital stock:
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Continuing operations $5.38 $7.06 $19.82 $24.34
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Discontinued operations 1.41 0.00 0.75 0.00
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Diluted net income per share of Class C capital stock $6.79 $7.06 $20.57 $24.34
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(a) Basic and diluted net income per share for the twelve months ended December 31, 2015 includes impact from Adjustment Payment to Class C capital stockholders.