Google nabs $12B for Q2, including a tidy billion from new subsidiary Motorola

Google has just released the details of its second-quarter earnings: $12.21 billion in total consolidated revenue, around $1.25 billion of which came from Motorola Mobility, now officially owned by Google.

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Altogether, the company has seen 35 percent consolidated revenue growth year over year and 15 percent growth quarter over quarter (last quarter’s call showed $10.65 billion in revenue).

“Google standalone had a strong quarter with 21% year-on-year revenue growth, and we launched a bunch of exciting new products at I/O — in particular the Nexus 7 tablet, which has received rave reviews,” said Google CEO Larry Page in a release on today’s earnings announcement.

“This quarter is also special because Motorola is now part of the Google family, and we’re excited about the potential to build great devices for users.”

The Motorola Mobility acquisition was finally completed in May. The $12.5 billion purchase garnered its share of antitrust accusations before finally clearing the European Commission and U.S. Department of Justice. The company’s assets and liabilities were included in Google’s financial statements as of June 30, and in today’s statement, Google CFO Patrick Pichette said, “We can expect Motorola to continue to show some accounting variability, as is typical with the closing of such large transactions.”

Still, Motorola accounted for more than $1 billion of the search giant’s total revenues for the quarter, including $843 million from the mobile segment and $407 million from the home segment, making up 10 percent of consolidated revenues in the second quarter of 2012.

Breaking down the $12.21 billion figure, Google’s advertising and other revenues were $10.96 billion, with advertising still very much the company’s main revenue source. In other revenues, $7.54 billion came from Google-owned sites, and $2.98 billion came from Google’s partner/network sites. Revenues from outside the U.S. came to $5.96 billion for the quarter.

Data center costs, credit card processing charges, and other overhead totaled $2.41 billion this quarter, an increase from $1.06 billion during the second quarter last year. Operating expenses, other than the aforementioned cost of revenues, were $4 billion, and capital expenditures came to $774 million for the quarter, the majority of which had to do with IT infrastructure investments, including data centers, servers, and related hardware.

Finally, Google’s warchest of cash (and cash equivalents and short-term marketable securities) weighed in at $43.1 billion. Take that, Scrooge McDuck! The company’s headcount now tallies 54,604 full-time employees, including the 20,293 new pseudo-Googlers of Motorola Mobility.

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What we didn’t learn more about was the proposed stock split that caused such a ruckus back in April. Though shareholders did approve the move about a month ago, we haven’t yet been given a date for the split.

As of this writing, Google stock is trading at $608.37, up 2.61 percent for the day. Here’s a handy chart we made, showing some of Google’s key metrics over the past five years:

Stay tuned for more from the Google earnings call in just a few minutes.

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