Google Q1 Earnings tap Motorola as “discontinued operations”

Apr 16, 2014
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Google Q1 Earnings tap Motorola as “discontinued operations”

As it has been for the past several years, Google has reported a quarter in which they’re growing substantially. One of the more interesting things to have happened to the company in the first quarter of 2014 - also Google’s financial first quarter - is the sale of Motorola Mobility to Lenovo Group Limited. As such, the company began their presentation this week with a note on how they’ll be handling Motorola’s profits and losses from here until the final sale of the group.

Google notes Motorola’s position in their earnings report this week inside "net Loss from Discontinued Operations." Believe it or not, net loss from discontinued operations racked up just $198 million compared to a net loss from discontinued operations of $182 million in the first quarter of 2013.

Also unbelievably, Google suggests that " Had we presented Motorola Mobile as an operating segment, the Motorola Mobile segment revenue for the first quarter of 2014 would have been $1.45 billion." Google continued, "[this is] $74 million higher than what was included in net loss from discontinued operations."

Net loss from discontinued operations in this first quarter included a pre-tax adjustment of $74 million related to the deferral of "certain revenue" for Google’s Motorola Mobile segment.

Google also made public some "headcount" numbers for employees. As of March 31st, 2014, Google employed 49,829 full-time employees. This is 46,170 in Google and 3,659 in Motorola Mobile. This can be compared to 47,756 full-time employees on December 31st, 2013, three months ago, that accounting for 43,862 in Google and 3,894 in Motorola Mobile.

Stay tuned for the rest of Google's Earnings report for Q1 2014 as we continue to dive in on this quarter. Google's revenue this quarter was a whopping $15.4 billion, up 19% year on year.

VIA: Google


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