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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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2015 2016 2015 2016
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(unaudited) (unaudited)
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Revenues $21,329 $26,064 $74,989 $90,272
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Costs and expenses:
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Cost of revenues 8,188 10,661 28,164 35,138
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Research and development 3,510 3,622 12,282 13,948
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Sales and marketing 2,679 3,118 9,047 10,485
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General and administrative 1,572 2,024 6,136 6,985
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Total costs and expenses 15,949 19,425 55,629 66,556
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Income from operations 5,380 6,639 19,360 23,716
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Other income (expense), net (180) 218 291 434
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Income before income taxes 5,200 6,857 19,651 24,150
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Provision for income taxes 277 1,524 3,303 4,672
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Net income $4,923 $5,333 $16,348 $19,478
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Less: Adjustment Payment to Class C capital stockholders 0 0 522 0
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Net income available to all stockholders $4,923 $5,333 $15,826 $19,478
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Basic net income per share of Class A and B common stock $7.16 $7.73 $23.11 $28.32
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Basic net income per share of Class C capital stock $7.16 $7.73 $24.63 $28.32
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Diluted net income per share of Class A and B common stock $7.06 $7.56 $22.84 $27.85
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Diluted net income per share of Class C capital stock $7.06 $7.56 $24.34 $27.85