Question: Refer to Google’s income statement in
Refer to Google’s income statement in Appendix A. What title does it use for cost of goods sold?
Google’s income statement from Appendix A:
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CONSOLIDATED STATEMENTS OF INCOME (In millions, except per share amounts) Year Ended December 31 2011 2012 2013 Revenues: Google (advertising and other) Motorola Mobile (hardware and other) $37,905 $46,039 $55,519 4,136 4,306 Total revenues $37,905 $50,175 $59,825 Costs and expenses: Cost of revenues-Google (advertising and other) ( 13,188 17,176 21,993 3,458 Cost of revenues-Motorola Mobile (hardware and othery) Research and development Sales and marketing( General and administrative 3,865 5,162 6,793 7,952 4,589 6,143 7,253 2,724 3,845 4,796 Charge related to the resolution of Department of Justice ivestigation Total costs and expenses 500 26,163 11,742 37,415 45,859 Income from operations 12,760 13,966 Interest and other income, net 584 626 530 Income from continuing operations before income taxes 12,326 13,386 14,496 Provision for income taxes 2,589 2,598 2,282 Net income from continuing operations Net income (los) from discontinued operations $ 9,737 $10,788 $12,214 (51) 706 Net income $ 9,737 $10,737 $12,920 Net income (los) per share of Class A and Class B common stock-basic: Continuing operations $ 30.17 $ 32.97 $ 36.70 Discontinued operations 0.00 (0.16) 2.12 Net income (loss) per share of Clas A and Class B common stock-basic $ 30.17 $ 32.81 $ 38.82 Net income (loss) per share of Clas A and Class B common stock-diluted: Continuing operations $ 29.76 $ 32.46 $ 36.05 Discontinued operations Net income (los) per share of Class A and Class B common stock-diluted 0.00 (0.15) 2.08 $ 29.76 $ 32.31 $ 38.13 "Includes stock-based compensation expense as follows: Cost of revenues-Google (advertising and other) 249 $ 359 2$ 469 Cost of revenues–Motorola Mobile (hardware and other) 14 18 Research and development 1,061 1,325 1,717 Sales and marketing General and administrative 361 498 578 303 453 486 $ 1,974 $ 2.649 $ 3,268
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