When Google announced in August 2011 that it was buying
handset maker Motorola Mobility for more than $12 billion, many financial
and IT analysts said they were surprised because they didn’t know what the
search giant was planning to gain from the purchase.

Less than a month later, though, Google CEO Larry
Page explained
the strategy in a corporate blog post: 
“Our acquisition of Motorola will increase competition by strengthening
Google’s patent portfolio, which will enable us to better protect Android from
anti-competitive threats from Microsoft, Apple and other companies,” Page
wrote.

Now the company has disclosed some more clues about
the Motorola patent portfolio in its latest quarterly financial filing with
the U.S. Securities and Exchange Commission – the Motorola patents were worth
about $5.5 billion of the $12.4 billion that Google paid for the company.

"On May 22, 2012, we completed our acquisition of
Motorola, a provider of innovative technologies, products and services that
enable a range of mobile and wireline digital communication, information and
entertainment experiences," Google reported in the SEC filing. "The
acquisition is expected to protect and advance our Android ecosystem and
enhance competition in mobile computing."

The details of
the Motorola patent portfolio’s value to Google comes less than a week after Google
reported its second quarter financials – its first report since the
Motorola acquisition.

For the second financial
quarter of 2012 that ended June 20, Google posted second-quarter revenue of
$12.21 billion, which is a 35 percent increase from the $9.03 billion the
search company earned during the second quarter of 2011.

 “Google stand-alone had a strong
quarter with 21 percent 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,” Page wrote in a statement for the earnings call.
"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 $12.21 billion second-quarter revenue was up 15 percent from the first
quarter of the year, when Google reported $10.65 billion in revenue, according
to the company. GAAP net income reported in the second quarter of 2012 was
$2.79 billion, compared with $2.51 billion in the second quarter of 2011.

Since Google’s acquisition of Motorola was completed in May, the effects of
that purchase are not yet reflected in a full quarter.

So far, however,
revenue from the Motorola hardware and other product lines totaled $1.25
billion ($843 million from the mobile segment and $407 million from the home
segment), or 10 percent of Google’s consolidated revenue in the second quarter
of 2012, the company reported.

The recent financial news from Google comes at a
busy time for the company as it also works to resolve antitrust concerns in
Europe. According to a July 24 development, Google is
apparently getting close to a settlement deal with the European Union to
resolve antitrust issues that would avoid formal charges against the search
company.

That progress for the company comes after months of
ongoing negotiations between Google and the EU.

The exact terms of that deal have not yet been announced publicly and the
arrangement has not yet been finalized, but the main sticking points that have
been raised in recent months—how to include mobile search services and
Android—are being addressed, according to reports.

Negotiations for a settlement deal have been in the works for more than a
month. Last week it was reported that Google’s
Android technologies would have to be included as part of any agreement for
any deal to pass muster with the EU.