srsly, though, watch the deferred payments or "provision for income taxes" as compared to reported tax payments. Cumulative tax liability amounted to 7% of 2008 gross income, 27% of 2008 net income. FY 2008, 2009 10K annual and Notes on consolidated financial statement, select pivot points.
1, 9 [ForEx]... Generally, the functional currency of our international subsidiaries is the local currency. The financial statements of these subsidiaries are translated to U.S. dollars using month-end rates of exchange for assets and liabilities, and average rates of exchange for revenues, costs and expenses. Translation gains and losses are recorded in accumulated other comprehensive income as a component of stockholders' equity. We recorded $38.6 million and $61.0 million of net translation gains in 2006 and 2007, and $84.2 million of net translation losses in 2008. Net gains and losses resulting from foreign exchange transactions are recorded as a component of interest income and other, net. These gains and losses are net of those realized on forward foreign exchange contracts. We recorded $5.3 million of net gains, $16.2 million and $35.6 million of net losses in 2006, 2007 and 2008 from assets and liabilities denominated in a currency other than the local currency. 2, 12 [equity]... As a result, and in accordance with EITF Issue No. 03-6, Participating Securities and the Two-Class Method under FASB Statement No. 128, the undistributed earnings for each year are allocated based on the contractual participation rights of the Class A and Class B common shares as if the earnings for the year had been distributed. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis. Further, as we assume the conversion of Class B common stock in the computation of the diluted net income per share of Class A common stock, the undistributed earnings are equal to net income for that computation. 3... Cash and investments (shorter: the deal is to keep a portfolio of agency, muni, and corporate debt loaded)
2, 12 [equity]... As a result, and in accordance with EITF Issue No. 03-6, Participating Securities and the Two-Class Method under FASB Statement No. 128, the undistributed earnings for each year are allocated based on the contractual participation rights of the Class A and Class B common shares as if the earnings for the year had been distributed. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis. Further, as we assume the conversion of Class B common stock in the computation of the diluted net income per share of Class A common stock, the undistributed earnings are equal to net income for that computation.
3... Cash and investments (shorter: the deal is to keep a portfolio of agency, muni, and corporate debt loaded)
I do get a kick out of GOOG bashing. This joint is its own RE bubble -- prices will never fall! LORDaMercy! if I had demanded a nickle from every wanker who said, indiginantly, "Google doesn't do advertising!" I coulda bought into the ground floor. LOL.
subsidiaries, worldwide Diversity is the key to economic and political evolution.
The real question is how that point could be conveyed to a broader audience. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
gawd bless the GOOG. best search engine EVAHHH. Gonna launch best dark fiber wi-fi and free cartoons and HEVs EVAHHH.
See Income statement and statement of stockholders' equity. Operating costs attributable to "stock-based compensation expense" apart from bareley declared costs of new "stock-based compensation" and CFO repos, i.e. redemption by one of 2,965 common shareholders at any given time.
srsly. Diversity is the key to economic and political evolution.
