10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2010 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2010 10-K (Filed: July 30, 2010) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2010 | June 30, 2009 | June 30, 2008 | |
| Revenue | $ 62,484 | 58,437 | 60,420 |
| Operating expenses: | |||
| Cost of revenue | 12,395 | 12,155 | 11,598 |
| Research and development | 8,714 | 9,010 | 8,164 |
| Sales and marketing | 13,214 | 12,879 | 13,260 |
| General and administrative | 4,004 | 3,700 | 5,127 |
| Employee severance | 59 | 330 | 0 |
| Total operating expenses | 38,386 | 38,074 | 38,149 |
| Operating income | 24,098 | 20,363 | 22,271 |
| Other income (expense) | 915 | (542) | 1,543 |
| Income before income taxes | 25,013 | 19,821 | 23,814 |
| Provision for income taxes | 6,253 | 5,252 | 6,133 |
| Net income | 18,760 | 14,569 | 17,681 |
| Earnings per share: | |||
| Basic | 2.13 | 1.63 | 1.90 |
| Diluted | 2.10 | 1.62 | 1.87 |
| Weighted average shares outstanding: | |||
| Basic | 8,813 | 8,945 | 9,328 |
| Diluted | 8,927 | 8,996 | 9,470 |
| Cash dividends declared per common share | 0.52 | 0.52 | 0.44 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2010 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2010 10-K (Filed: July 30, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2010 | June 30, 2009 | June 30, 2008 | |
| Operations | |||
| Net income | $ 18,760 | 14,569 | 17,681 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Depreciation, amortization, and other noncash items | 2,673 | 2,562 | 2,056 |
| Stock-based compensation | 1,891 | 1,708 | 1,479 |
| Net recognized losses (gains) on investments and derivatives | (208) | 683 | (572) |
| Excess tax benefits from stock-based compensation | (45) | (52) | (120) |
| Deferred income taxes | (220) | 762 | 935 |
| Deferral of unearned revenue | 29,374 | 24,409 | 24,532 |
| Recognition of unearned revenue | (28,813) | (25,426) | (21,944) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (2,238) | 2,215 | (1,569) |
| Other current assets | 420 | (422) | 153 |
| Other long-term assets | (223) | (273) | (98) |
| Other current liabilities | 1,295 | (3,371) | (748) |
| Other long-term liabilities | 1,407 | 1,673 | (173) |
| Net cash from operations | 24,073 | 19,037 | 21,612 |
| Financing | |||
| Short-term borrowings (repayments), maturities of 90 days or less, net | (991) | 1,178 | 0 |
| Proceeds from issuance of debt, maturities longer than 90 days | 4,167 | 4,796 | 0 |
| Repayments of debt, maturities longer than 90 days | (2,986) | (228) | 0 |
| Common stock issued | 2,311 | 579 | 3,494 |
| Common stock repurchased | (11,269) | (9,353) | (12,533) |
| Common stock cash dividends paid | (4,578) | (4,468) | (4,015) |
| Excess tax benefits from stock-based compensation | 45 | 52 | 120 |
| Other | 10 | (19) | 0 |
| Net cash used in financing | (13,291) | (7,463) | (12,934) |
| Investing | |||
| Additions to property and equipment | (1,977) | (3,119) | (3,182) |
| Acquisition of companies, net of cash acquired | (245) | (868) | (8,053) |
| Purchases of investments | (30,168) | (36,850) | (20,954) |
| Maturities of investments | 7,453 | 6,191 | 2,597 |
| Sales of investments | 15,125 | 19,806 | 25,132 |
| Securities lending payable | (1,502) | (930) | (127) |
| Net cash used in investing | (11,314) | (15,770) | (4,587) |
| Effect of exchange rates on cash and cash equivalents | (39) | (67) | 137 |
| Net change in cash and cash equivalents | (571) | (4,263) | 4,228 |
| Cash and cash equivalents, beginning of period | 6,076 | 10,339 | |
| Cash and cash equivalents, end of period | 5,505 | 6,076 | 10,339 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MICROSOFT CORP | ||
Ticker: MSFT Fiscal Year: 2010 | ||
BALANCE SHEETS | ||
Period Ending June 30, 2010 10-K (Filed: July 30, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| June 30, 2010 | June 30, 2009 | |
| Assets | ||
| Current assets: | ||
| Cash and Cash Equivalents | $ 5,505 | 6,076 |
| Short-term investments (including securities loaned of $62 and $1,540) | 31,283 | 25,371 |
| Total cash, cash equivalents, and short-term investments | 36,788 | 31,447 |
| Accounts receivable, net of allowance for doubtful accounts of $375 and $451 | 13,014 | 11,192 |
| Inventories | 740 | 717 |
| Deferred income taxes | 2,184 | 2,213 |
| Other | 2,950 | 3,711 |
| Total current assets | 55,676 | 49,280 |
| Property and equipment, net of accumulated depreciation of $8,629 and $7,547 | 7,630 | 7,535 |
| Equity and Other Investments | 7,754 | 4,933 |
| Goodwill | 12,394 | 12,503 |
| Intangible assets, net | 1,158 | 1,759 |
| Deferred income taxes | 0 | 279 |
| Other long-term assets | 1,501 | 1,599 |
| Total assets | 86,113 | 77,888 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 4,025 | 3,324 |
| Short-term debt | 1,000 | 2,000 |
| Accrued compensation | 3,283 | 3,156 |
| Income taxes | 1,074 | 725 |
| Short-term unearned revenue | 13,652 | 13,003 |
| Securities lending payable | 182 | 1,684 |
| Other | 2,931 | 3,142 |
| Total current liabilities | 26,147 | 27,034 |
| Long-term debt | 4,939 | 3,746 |
| Long-term unearned revenue | 1,178 | 1,281 |
| Deferred income taxes | 229 | 0 |
| Other long-term liabilities | 7,445 | 6,269 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock and paid-in capital - shares authorized 24,000; outstanding 8,668 and 8,908 | 62,856 | 62,382 |
| Retained deficit, including accumulated other comprehensive income of $1,055 and $969 | (16,681) | (22,824) |
| Total stockholders' equity | 46,175 | 39,558 |
| Total liabilities and stockholders' equity | 86,113 | 77,888 |
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |