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GOOG » Topics » Contractual Obligations as of December 31, 2007

These excerpts taken from the GOOG 10-K filed Feb 15, 2008.

Contractual Obligations as of December 31, 2007

 

     Payments due by period
     Total    Less than
1 year		    1-3
years		    3-5
years		    More than
5 years
     (unaudited, in millions)

Guaranteed minimum revenue share payments

    $ 1,746.4    $ 671.9    $ 902.6    $ 171.9    $ —  

Operating lease obligations

      2,203.7      151.6      328.7      288.7      1,434.7

Purchase obligations

      734.0      171.6      229.5      165.2      167.7

Other long-term liabilities reflected on our balance sheet under GAAP

      77.6      46.7      7.8      11.1      12.0
                                  

Total contractual obligations

    $ 4,761.7    $ 1,041.8    $ 1,468.6    $ 636.9    $ 1,614.4
                                  

The above table does not include contingent consideration that may be paid pursuant to asset purchases or business combinations. It also does not include payments related to toolbar and other product distribution arrangements as those arrangements do not include guaranteed obligations.

Contractual Obligations as of December 31, 2007

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 
































































































































































   Payments due by period
   Total  Less than
1 year		  1-3
years		  3-5
years		  More than
5 years
   (unaudited, in millions)

Guaranteed minimum revenue share payments

  $1,746.4  $671.9  $902.6  $171.9  $—  

Operating lease obligations

   2,203.7   151.6   328.7   288.7   1,434.7

Purchase obligations

   734.0   171.6   229.5   165.2   167.7

Other long-term liabilities reflected on our balance sheet under GAAP

   77.6   46.7   7.8   11.1   12.0
                    

Total contractual obligations

  $4,761.7  $1,041.8  $1,468.6  $636.9  $1,614.4
                    

The above table does not include contingent consideration that may be paid pursuant to asset
purchases or business combinations. It also does not include payments related to toolbar and other product distribution arrangements as those arrangements do not include guaranteed obligations.

STYLE="margin-top:18px;margin-bottom:0px; text-indent:2%">Guaranteed Minimum Revenue Share Payments

FACE="Times New Roman" SIZE="2">In connection with our AdSense revenue share agreements, we are periodically required to make non-cancelable guaranteed minimum revenue share payments to a small number of our Google Network members over the term of
the respective contracts. Under our contracts, these guaranteed payments can vary based on our Google Network members achieving defined performance terms, such as number of advertisements displayed or search queries. In some cases, certain
guaranteed amounts will be adjusted downward if our Google Network members do not meet their performance terms and, in some cases, these amounts will be adjusted upward if they exceed their performance terms. The amounts included in the table above
assume that the historical upward performance adjustments with respect to each contract will continue, but do not make a similar assumption with respect to downward adjustments. We believe these amounts best represent a reasonable estimate of the
future minimum guaranteed payments. Actual guaranteed payments may differ from the estimates presented above. To date, the aggregate advertiser fees generated under these AdSense agreements have exceeded the aggregate guaranteed minimum revenue
share payments.

At December 31, 2007, our aggregate outstanding non-cancelable guaranteed minimum revenue share commitments totaled
$1,746.4 million through 2012 compared to $1,165.6 million at December 31, 2006.

 


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EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 15, 2008

RELATED TOPICS for GOOG:

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