Thursday, April 12, 2012

Google Reports 1Q'12 Results

Google Announces First Quarter 2012 Results and Proposal for New Class of Stock
capital expenditures: $607 million
workforce increase: +1.9%
effective tax rate: 18%
free cash flow: $3.09 billion
cash & equivalents: $49.3 billion

GOOG closed on 02012.04.12 at $651.01. 52-week range: $473.02 - $670.25.

From the 02012 Founders' Letter...

Today we announced plans to create a new class of non-voting capital stock, which will be listed on NASDAQ. These shares will be distributed via a stock dividend to all existing stockholders: the owner of each existing share will receive one new share of the non-voting stock, giving investors twice the number of shares they had before. It’s effectively a two-for-one stock split—something many of our investors have long asked us for.

GOOG is up in after-hours trading.

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