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Payment sent for the month of January

   
8:51 am on Feb 22, 2004 (gmt 0)

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I have just noticed in my account that the payment has been sent for the month of January on Feb 22nd.
6:05 am on Feb 24, 2004 (gmt 0)

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Heh, Loanuniverse, with your number skills you should apply for a job at Google.
6:15 am on Feb 24, 2004 (gmt 0)

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loanuniverse - good numbers but as you seem as though you night be in the business - what do you think a bank will pay on the overnight rate for $10M?
7:46 am on Feb 24, 2004 (gmt 0)

WebmasterWorld Senior Member powdork is a WebmasterWorld Top Contributor of All Time 10+ Year Member



I realize I will probably get shot down for this but why would you calculate Google's return on float using the federal funds rate and not their return on investment? Wouldn't they be able to plan for this float and invest it as they please? Additionally, I would guess it would be substantially higher than $10,000,000.
Suppose $30,000,000 X 8%/365=$6,575/day.
Thats almost as much as I make from a good day with adsense.;)
5:52 pm on Feb 24, 2004 (gmt 0)

WebmasterWorld Senior Member jomaxx is a WebmasterWorld Top Contributor of All Time 10+ Year Member



I hate to drag this out, but where are you getting 8% from? Unless Google are paying off their credit card debt with the money, or speculating in Mexican pesos, the figure is going to be something like 1%.
6:03 pm on Feb 24, 2004 (gmt 0)

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Suppose $30,000,000 X 8%/365=$6,575/day.
Thats almost as much as I make from a good day with adsense.;)

Geez powdork, what website do you run that generates 2+million a year?

6:42 pm on Feb 24, 2004 (gmt 0)

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This is getting off-topic, but I think Jenstar is not around so we get a chance to be bad. ;)

why2kit: For that size of a depository relationship other type of financial vehicles would be set up such as "Repo accounts" where Google would be buying Government securities on a daily basis to get around the FDIC insurance limits. The rate would not be much higher than 1% <Rates are really low at the moment>

Powdork: Good point, but for short-term funds that are already allocated like the adsense payables to publishers. They must be highly liquid, they are not really available to invest in the company. Sure you can argue that using them for short-term working capital financing it would lower the need for funds for the business, but the stronger argument is against it. In addition, my educated guess is that Google has enough cash flow not to risk using money that they need to pay in a very very short time.

Quote Powdork:

Suppose $30,000,000 X 8%/365=$6,575/day.
Thats almost as much as I make from a good day with adsense.;)

Powdork = My new internet friend :)

9:31 pm on Feb 24, 2004 (gmt 0)

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Anyone want to guess when the checks will arrive. Iím open to hearsay, conjecture, speculation and rumor. Right now Iím guessing 3-5-04
5:09 am on Feb 25, 2004 (gmt 0)

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Still no entry in my payment section, does that mean I am not getting paid this month?
3:37 pm on Feb 25, 2004 (gmt 0)

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in the uk that means 3rd May - I hope it doesn't take that long ;-)
4:26 pm on Feb 25, 2004 (gmt 0)

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I still don't see an entry in my payments tab for jan either. (US)
5:13 pm on Feb 25, 2004 (gmt 0)

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Wow got mine in the mail already, wasnt expecting it on tuesday after the post.
5:24 pm on Feb 25, 2004 (gmt 0)

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stargeek: you forgot to tell us where on this big planet you're located ;)
5:40 pm on Feb 25, 2004 (gmt 0)

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stargeek: you forgot to tell us where on this big planet you're located ;)

Look at his profile - he has his location filled in :)

6:09 pm on Feb 25, 2004 (gmt 0)

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egad, in the USA! I think they sent them to the procesing plant two weeks ago, or are sending them to the US addresses first. About time!
6:11 pm on Feb 25, 2004 (gmt 0)

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I expect the check to be in California around Feb 26, 27.

Thank you, thank you, thank you very much!

6:19 pm on Feb 25, 2004 (gmt 0)

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Harrisburg, PA received check today
8:14 pm on Feb 25, 2004 (gmt 0)

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how exciting to see some US people getting their checks already. i'm all-a-tingle now wondering if mine will show up soon. oh, possibly even before mortgage payment is due. wouldn't that be sweet!
2:51 pm on Feb 26, 2004 (gmt 0)

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i don't even see anything showing up in my payment processing yet.
2:56 pm on Feb 26, 2004 (gmt 0)

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washington dc - check received yesterday. pleasant surprise indeed.
4:35 pm on Feb 26, 2004 (gmt 0)

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Got mine today, NY :-)
5:11 pm on Feb 26, 2004 (gmt 0)

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got mine today, LA. (i'm usually one of the last in the US but not this time). :-)
12:14 am on Feb 27, 2004 (gmt 0)

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Anyone in the UK yet?
12:40 am on Feb 27, 2004 (gmt 0)

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los angeles - i got mine
12:57 am on Feb 27, 2004 (gmt 0)

WebmasterWorld Senior Member marcia is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Another in Los Angeles arrived today.
1:13 am on Feb 27, 2004 (gmt 0)

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Central Valley, CA - no go today
1:15 am on Feb 27, 2004 (gmt 0)

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Got mine... Philadelphia
1:28 am on Feb 27, 2004 (gmt 0)

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Portland Oregon

Wow! I just got my January check today. I have never, ever gotten it this quickly. Check is dated 02-23-04, postmarked 02-24-04 and arrived 02-26-04. In the past the check would not have even been mailed for at least another week.

Good job Google.

[edited by: 401khelp at 1:44 am (utc) on Feb. 27, 2004]

1:36 am on Feb 27, 2004 (gmt 0)

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Got mine in Virginia...
2:11 am on Feb 27, 2004 (gmt 0)

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Check is dated 02-23-04, postmarked 02-24-04 and arrived 02-26-04.

Same here -South Florida-
7:19 am on Feb 27, 2004 (gmt 0)

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Wow, this was definetly a good move on by the adsense team. Prior to this month I thought the payment sent refered to payment processing, but not sent as it took a few weeks.
This month after it was posted to the adsense site on a sunday it arrived on the following tuesday, in connecticut.
Previously I had also thought there was some significance to the 3rd wednesday of the month, but again, i guess not.
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