Google has just revealed its earnings results for the fourth quarter and fiscal year 2012. While the company's deal with Arris Group over Motorola Home may have tampered with financial results somewhat, Google still managed to increase revenues year-over-year.

"We ended 2012 with a strong quarter," said Google CEO Larry Page. "Revenues were up 36 percent year-on-year, and 8 percent quarter-on-quarter. And we hit $50 billion in revenues for the first time last year — not a bad achievement in just a decade and a half. In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit. It’s an incredibly exciting time to be at Google."

Google Inc. stated in the financials call a reported $14.42 billion in consolidated revenues for the fourth quarter of 2012. But according to the company, those revenues would have been $15.24 billion, if Motorola Home were part of the equation. Google agreed sell the Motorola Home business for $2.35 billion in cash and stock, but the deal won't be finalized until this year.

"As a result, financial results related to the Home business are presented as net loss from discontinued operations on the consolidated statements of income, and are excluded from all other results unless otherwise noted," read today's press release from Google.

The Motorola unit continues to face setbacks. Google acknowledged a $353 million loss for the fourth quarter of 2012, with revenue at $1.51 billion (less than half of its earnings from last year).

Actual fourth quarter profit was reported as $10.65 per share on $11.3 billion in revenue. As of The end of 2012, Google has $48.1 billion in cash on-hand.

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