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: 2011 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2011 10-K (Filed: July 28, 2011) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2011 | June 30, 2010 | June 30, 2009 | |
| Revenue | $ 69,943 | 62,484 | 58,437 |
| Operating expenses: | |||
| Cost of revenue | 15,577 | 12,395 | 12,155 |
| Research and development | 9,043 | 8,714 | 9,010 |
| Sales and marketing | 13,940 | 13,214 | 12,879 |
| General and administrative | 4,222 | 4,063 | 4,030 |
| Total operating expenses | 42,782 | 38,386 | 38,074 |
| Operating income | 27,161 | 24,098 | 20,363 |
| Other income (expense) | 910 | 915 | (542) |
| Income before income taxes | 28,071 | 25,013 | 19,821 |
| Provision for income taxes | 4,921 | 6,253 | 5,252 |
| Net income | 23,150 | 18,760 | 14,569 |
| Earnings per share: | |||
| Basic | 2.73 | 2.13 | 1.63 |
| Diluted | 2.69 | 2.10 | 1.62 |
| Weighted average shares outstanding: | |||
| Basic | 8,490 | 8,813 | 8,945 |
| Diluted | 8,593 | 8,927 | 8,996 |
| Cash dividends declared per common share | 0.64 | 0.52 | 0.52 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2011 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2011 10-K (Filed: July 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2011 | June 30, 2010 | June 30, 2009 | |
| Operations | |||
| Net income | $ 23,150 | 18,760 | 14,569 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Depreciation, amortization, and other | 2,766 | 2,673 | 2,562 |
| Stock-based compensation expense | 2,166 | 1,891 | 1,708 |
| Net recognized losses (gains) on investments and derivatives | (362) | (208) | 683 |
| Excess tax benefits from stock-based compensation | (17) | (45) | (52) |
| Deferred income taxes | 2 | (220) | 762 |
| Deferral of unearned revenue | 31,227 | 29,374 | 24,409 |
| Recognition of unearned revenue | (28,935) | (28,813) | (25,426) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (1,451) | (2,238) | 2,215 |
| Inventories | (561) | (44) | 255 |
| Other current assets | (1,259) | 464 | (677) |
| Other long-term assets | 62 | (223) | (273) |
| Accounts payable | 58 | 844 | (671) |
| Other current liabilities | (1,146) | 451 | (2,700) |
| Other long-term liabilities | 1,294 | 1,407 | 1,673 |
| Net cash from operations | 26,994 | 24,073 | 19,037 |
| Financing | |||
| Short-term debt borrowings (repayments), maturities of 90 days or less, net | (186) | (991) | 1,178 |
| Proceeds from issuance of debt, maturities longer than 90 days | 6,960 | 4,167 | 4,796 |
| Repayments of debt, maturities longer than 90 days | (814) | (2,986) | (228) |
| Common stock issued | 2,422 | 2,311 | 579 |
| Common stock repurchased | (11,555) | (11,269) | (9,353) |
| Common stock cash dividends paid | (5,180) | (4,578) | (4,468) |
| Excess tax benefits from stock-based compensation | 17 | 45 | 52 |
| Other | (40) | 10 | (19) |
| Net cash used in financing | (8,376) | (13,291) | (7,463) |
| Investing | |||
| Additions to property and equipment | (2,355) | (1,977) | (3,119) |
| Acquisition of companies, net of cash acquired | (71) | (245) | (868) |
| Purchases of investments | (35,993) | (30,168) | (36,850) |
| Maturities of investments | 6,897 | 7,453 | 6,191 |
| Sales of investments | 15,880 | 15,125 | 19,806 |
| Securities lending payable | 1,026 | (1,502) | (930) |
| Net cash used in investing | (14,616) | (11,314) | (15,770) |
| Effect of exchange rates on cash and cash equivalents | 103 | (39) | (67) |
| Net change in cash and cash equivalents | 4,105 | (571) | (4,263) |
| Cash and cash equivalents, beginning of period | 5,505 | 6,076 | |
| Cash and cash equivalents, end of period | 9,610 | 5,505 | 6,076 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MICROSOFT CORP | ||
Ticker: MSFT Fiscal Year: 2011 | ||
BALANCE SHEETS | ||
Period Ending June 30, 2011 10-K (Filed: July 28, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| June 30, 2011 | June 30, 2010 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 9,610 | 5,505 |
| Short-term investments (including securities loaned of $1,181 and $62) | 43,162 | 31,283 |
| Total cash, cash equivalents, and short-term investments | 52,772 | 36,788 |
| Accounts receivable, net of allowance for doubtful accounts of $333 and $375 | 14,987 | 13,014 |
| Inventories | 1,372 | 740 |
| Deferred income taxes | 2,467 | 2,184 |
| Other | 3,320 | 2,950 |
| Total current assets | 74,918 | 55,676 |
| Property and equipment, net of accumulated depreciation of $9,829 and $8,629 | 8,162 | 7,630 |
| Equity and other investments | 10,865 | 7,754 |
| Goodwill | 12,581 | 12,394 |
| Intangible assets, net | 744 | 1,158 |
| Other long-term assets | 1,434 | 1,501 |
| Total assets | 108,704 | 86,113 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 4,197 | 4,025 |
| Short-term debt | 0 | 1,000 |
| Accrued compensation | 3,575 | 3,283 |
| Income taxes | 580 | 1,074 |
| Short-term unearned revenue | 15,722 | 13,652 |
| Securities lending payable | 1,208 | 182 |
| Other | 3,492 | 2,931 |
| Total current liabilities | 28,774 | 26,147 |
| Long-term debt | 11,921 | 4,939 |
| Long-term unearned revenue | 1,398 | 1,178 |
| Deferred income taxes | 1,456 | 229 |
| Other long-term liabilities | 8,072 | 7,445 |
| Total liabilities | 51,621 | 39,938 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock and paid-in capital - shares authorized 24,000; outstanding 8,376 and 8,668 | 63,415 | 62,856 |
| Retained deficit, including accumulated other comprehensive income of $1,863 and $1,055 | (6,332) | (16,681) |
| Total stockholders' equity | 57,083 | 46,175 |
| Total liabilities and stockholders' equity | 108,704 | 86,113 |
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2011 | |
| 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 |