Friday, October 15, 2010

Google Q3 Earnings Conference Call (Review, Notes, Audio) "Explosive growth in the digital economy" GOOG




GOOG


Google reported Q3 earnings on Thursday, October 14


Google Q3 2010 Earnings Conference Call

The Google September Q3 2010 earnings conference call audio has been posted on the Google Earnings Conference Call page with extensive notes and review.


Google Reports Excellent Q3 Earnings

Financial charts of Google data and related commentary have been updated on the Google Financial Performance page for the September Q3 2010 financial results reported by Google. The charts are:

Google Financial Performance by the Quarters
Earnings per Share and Cash Flow per Share
Net Revenues, Operating Income, Net Income
Gross, Operating, & Net Margins
Return on Assets
Total Revenues and Earnings per Share Growth
Revenue Sources
Traffic Acquisition Costs
Geographic Revenues

Income Statement Q3 Google financial performance was excellent with total revenues $7,286B, net income $2,167B, and earnings per share $6.72. From the prior quarter Q2 2010, total revenues were up +6.8%, net income up +17.8%, and earnings per share up +17.7%. From the prior year Q3 2009, these were up +22.6%, +32.3%, and +30.99%, respectively. Gross, operating, and net margins were also above the prior quarter Q2 2010 and the prior year Q3 2009. Cash Flow from Operations per Share was an amazing $8.95. All of this data is summarized in the charts below.

Balance Sheet Q3 Total assets increased +$5.297B, or +11.0%, from $48.045B to $53.342B. However, total assets are inflated by new balance sheet line items, an asset "Receivable under repurchase agreements" of $875M and a liability, "Securities lending payable" of $2.861B. As a result, return on assets is negatively impacted by these investment operations, i.e., assets are increased significantly without corresponding revenues from the core business. This reduces net income and reduces return on assets, as can be seen on a chart below. These new investment items also reduced the capital to assets ratio (total stockholders' equity divided by total assets) to 81.2%, compared to 84.5% in the prior quarter Q2 2010. However, this ratio still excellent. Google is incredibly liquid with a current ratio (current assets divided by total assets) of 73.95%, which is a multi-year high and is also increased by the new balance sheet items.


Related Articles and Links

Recent Posts by Osprey Flyer
Intel Reports Very Good Q3 Earnings (Financial Charts & Review) *Revenues $11.1B, EPS $0.52* INTC
Microsoft Launches Windows Phone 7 (Videos) *Aims at Apple iPhone & Google Android* MSFT AAPL GOOG
Microsoft Financial Performance Review (Charts) *Earnings to be reported October 28* MSFT
Battle for the Digital Living Room (Chart) *Apple, Google, Microsoft early front runners*
Did One Large Trader Cause the May 6 Flash Crash? (Videos) *Did an algorithm trigger the Crash?*
Apple iOS Maintains Lead in August 2010 Mobile Web Consumption (Chart)
Apple vs. Google in Mobile Advertising (Video)
Apple TV vs. Google TV (Video)
Recent Posts by Matrix Markets
S&P 500 Rally Resumes (Charts) *Bulls continue upwards 5 of last 6 weeks*
Recent Posts by Google Investor
Google Reports Excellent Q3 Earnings (Financial Charts & Review) *Revenues $7.286B, EPS $6.72* GOOG
Google Rallies This Week (Charts) *Earnings to be reported on Thursday* GOOG
Logitech Launches Google TV (Video) *Will begin shipping by end of October*
Here Comes Google TV (Video) *NBA, HBO, CNN, CNBC, Twitter, Netflix, Amazon Video*
Google New (Video) *The Place to Find Everything New from Google*
Bet on Google Before Apple (Video) GOOG vs AAPL
Google's Future (Video) *Co-Founder Sergey Brin: Instant Search, Google TV, Mobile*
Google TV to Launch in USA This Year (Videos) GOOG
Make Phone Calls From Google Gmail (Video)


More Charts and Analysis!

Boom Doom Economy
USA and Global economic charts
Apple (AAPL) financial performance and stock charts
Google (GOOG) financial performance and stock charts
Microsoft (MSFT) financial performance charts
Intel (INTC) financial performance charts
VMware (VMW) financial performance charts
SalesForce.com (CRM) financial performance charts
USA failed and problem banks
Federal Reserve statistical releases
JPMorgan Chase & Co. (JPM) financial performance charts
Citigroup (C) financial performance charts
Goldman Sachs (GS) financial performance charts
Wells Fargo (WFC) financial performance charts
Bank of America (BAC) financial performance charts
Morgan Stanley (MS) financial performance charts
S&P 500 (SPX) charts and review
China economic, internet, and technology news
Baidu (BIDU) financial performance and stock charts


Visit Osprey Port News Network!
Apple, Google, Baidu, China, technology, financial system, stocks, markets, economy, science, environment, future


Follow Google Investor (@GoogleInvestor) On Twitter!
Google & technology news plus GOOG stock analysis. Select USA & global economic news.


GOOG

Seeking Alpha