Google 2015 Annual Report Download - page 92

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Table of Contents Alphabet Inc. and Google Inc.
88
Year Ended December 31,
2015
Class A Class B Class C
Basic net income per share:
Numerator
Adjustment Payment to Class C capital stockholders - continuing operations $ 0 $ 0$522
Allocation of undistributed earnings - continuing operations 6,695 1,196 7,935
Allocation of undistributed earnings - discontinued operations 00 0
Total $6,695 $1,196 $8,457
Denominator
Number of shares used in per share computation 289,640 51,745 343,241
Basic net income per share:
Continuing operations $23.11 $23.11 $24.63
Discontinued operations 0.00 0.00 0.00
Basic net income per share $23.11 $23.11 $24.63
Diluted net income per share:
Numerator
Adjustment Payment to Class C capital stockholders - continuing operations $ 0 $ 0$522
Allocation of undistributed earnings for basic computation - continuing operations $6,695 $1,196 $7,935
Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares 1,196 0 0
Reallocation of undistributed earnings (39)(14) 39
Allocation of undistributed earnings - continuing operations 7,852 1,182 7,974
Allocation of undistributed earnings for basic computation - discontinued operations 00 0
Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares 00 0
Reallocation of undistributed earnings 00 0
Allocation of undistributed earnings - discontinued operations $ 0 $ 0$0
Denominator
Number of shares used in basic computation 289,640 51,745 343,241
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A common shares outstanding 51,745 0 0
Employee stock options 1,475 0 1,428
Restricted stock units and other contingently issuable shares 920 0 4,481
Number of shares used in per share computation 343,780 51,745 349,150
Diluted net income per share:
Continuing operations $22.84 $22.84 $24.34
Discontinued operations 0.00 0.00 0.00
Diluted net income per share $22.84 $22.84 $24.34
Google
Net income per share for Google is not required as its shares are not publicly traded.
Note 13. Stockholders’ Equity
Alphabet Reorganization
On October 2, 2015, Google implemented a legal reorganization, which resulted in Alphabet owning all of the
outstanding stock of Google. Consequently, Google became a direct, wholly owned subsidiary of Alphabet. Each share
of each class of Google stock issued and outstanding immediately prior to the legal reorganization automatically
converted into an equivalent corresponding share of Alphabet stock, and Google’s stockholders immediately prior to
the consummation of the legal reorganization became stockholders of Alphabet.
As a result of the reorganization, on October 2, 2015, the Fourth Amended and Restated Certificate of Incorporation
of Google was amended to decrease the authorized number of shares of Class A common stock, Class B common