Revenues jump, and Motorola is officially off the books as a $740 million net gain
Google has just announced its Q4 and full year 2014 earnings, with the search giant and Android purveyor showing growth in revenues for both the final quarter and the full year. Revenues for 2014 came in at $66 billion, up 19 percent, with Q4 revenues hitting $18.1 billion, up 15 percent year-over-year.
The full breakdown of the financials:
- 2014 revenues of $66 billion, up 19 percent year-over-year
- Q4 revenues of $18.1 billion, up 15 percent year-over-year
- Q4 net income of $4.76 billion, up from $3.18 billion in 2013
- Earnings Per Share (EPS) of $6.91, up from $4.95 in 2013
- Capital expenditures for the quarter were $3.55 billion
- Google's effective tax rate was 16 percent
Google-owned sites drove $12.43 billion in revenues for the quarter, up 18 percent, while partner sites made up $3.72 billion of the revenues, up 6 percent. $10.23 billion in revenues, or 56 percent of the quarter's revenues, came from outside of the U.S., with the U.K. alone making up 9 percent of total revenues. Google also added just over 2000 employees in the fourth quarter.
Now with Motorola fully removed from the company, the earnings release stated that the sale resulted in a net gain of $740 million (not including taxes) for Google. Google will also be retroactively editing its financial results from past quarters to exclude the impact of Motorola Mobile.
If you're interested in following along with the gritty details of the earnings this quarter, you can also follow the earnings call livestream right here.