Google Inc. announced unaudited consolidated earnings results and standalone revenue results for the fourth quarter and year ended December 31, 2012. The company reported consolidated revenues of $14.42 billion for the quarter ended December 31, 2012, an increase of 36% compared to the fourth quarter of 2011. GAAP operating income in the fourth quarter of 2012 was $3.39 billion, or 24% of revenues. This compares to GAAP operating income of $3.51 billion, or 33% of revenues, in the fourth quarter of 2011. Non-GAAP operating income in the fourth quarter of 2012 was $4.27 billion, or 30% of revenues. This compares to non-GAAP operating income of $4.04 billion, or 38% of revenues, in the fourth quarter of 2011. GAAP net income including net loss from discontinued operations in the fourth quarter of 2012 was $2.89 billion, compared to $2.71 billion in the fourth quarter of 2011. Non-GAAP net income in the fourth quarter of 2012 was $3.57 billion, compared to $3.13 billion in the fourth quarter of 2011. GAAP EPS including impact from net loss from discontinued operations in the fourth quarter of 2012 was $8.62 on 335 million diluted shares outstanding, compared to $8.22 in the fourth quarter of 2011 on 329 million diluted shares outstanding. Non-GAAP EPS in the fourth quarter of 2012 was $10.65, compared to $9.50 in the fourth quarter of 2011. Net cash provided by operating activities in the fourth quarter of 2012 totaled $4.67 billion, compared to $3.92 billion in the fourth quarter of 2011. In the fourth quarter of 2012, capital expenditures were $1.02 billion, the majority of which was for production equipment, data center construction and facilities-related purchases.

For the full year, the company reported income from operations of $12.760 billion compared to $11.742 billion a year ago. Net income from continuing operations was $10.788 billion or $32.46 per diluted share compared to $9.737 billion or $29.76 per diluted share a year ago period. Net income was $10.737 billion or $32.31 per diluted share compared to $9.737 billion or $29.76 per diluted share a year ago period. Total revenue for the period was $50.175 billion compared to $37.905 billion a year ago. Net cash provided by operating activities was $16.619 billion compared to $14.565 billion a year ago period. Purchases of property and equipment were $3.273 billion compared to $3.438 billion a year ago period.

For the quarter, the company's standalone gross revenue grew 12% quarter-over-quarter.

For the year, the company's standalone gross revenue grew 22% year-over-year to $12.9 billion.