1
Alphabet Inc.
2
CONSOLIDATED STATEMENTS OF INCOME
3
(In millions, except per share amounts; unaudited)
4
5
Three Months Ended
6
March 31,
7
2016 2017
8
Revenues $20,257 $24,750
9
Costs and expenses:
10
Cost of revenues 7,648 9,795
11
Research and development 3,367 3,942
12
Sales and marketing 2,387 2,644
13
General and administrative 1,513 1,801
14
Total costs and expenses 14,915 18,182
15
Income from operations 5,342 6,568
16
Other income (expense), net (213) 251
17
Income before income taxes 5,129 6,819
18
Provision for income taxes 922 1,393
19
Net income $4,207 $5,426
20
21
Basic net income per share of Class A and B common stock and Class C capital stock $6.12 $7.85
22
Diluted net income per share of Class A and B common stock and Class C capital stock $6.02 $7.73