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: 2013 | |||
Income Statements | |||
Period Ending June 30, 2013 10-K (Filed: July 30, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2013 | June 30, 2012 | June 30, 2011 | |
| Revenue | $ 77,849 | 73,723 | 69,943 |
| Cost of revenue | 20,249 | 17,530 | 15,577 |
| Gross profit | 57,600 | 56,193 | 54,366 |
| Operating expenses: | |||
| Research and development | 10,411 | 9,811 | 9,043 |
| Sales and marketing | 15,276 | 13,857 | 13,940 |
| General and administrative | 5,149 | 4,569 | 4,222 |
| Goodwill impairment | 0 | 6,193 | 0 |
| Total operating expenses | 30,836 | 34,430 | 27,205 |
| Operating income | 26,764 | 21,763 | 27,161 |
| Other income | 288 | 504 | 910 |
| Income before income taxes | 27,052 | 22,267 | 28,071 |
| Provision for income taxes | 5,189 | 5,289 | 4,921 |
| Net income | 21,863 [1] | 16,978 | 23,150 |
| Earnings per share: | |||
| Basic | 2.61 | 2.02 | 2.73 |
| Diluted | 2.58 | 2.00 | 2.69 |
| Weighted average shares outstanding: | |||
| Basic | 8,375 | 8,396 | 8,490 |
| Diluted | 8,470 | 8,506 | 8,593 |
| Cash dividends declared per common share | 0.92 | 0.80 | 0.64 |
| [1] Includes a charge related to a fine imposed by the European Commission in March 2013 which decreased net income by $733 million (561 million) and diluted earnings per share by $0.09. Also includes a charge for Surface RT inventory adjustments recorded in the fourth quarter of fiscal year 2013, which decreased net income by $596 million and diluted earnings per share by $0.07. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2013 | |||
Comprehensive Income Statements | |||
Period Ending June 30, 2013 10-K (Filed: July 30, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2013 | June 30, 2012 | June 30, 2011 | |
| Net income | $ 21,863 [1] | 16,978 | 23,150 |
| Other comprehensive income (loss): | |||
| Net unrealized gains (losses) on derivatives (net of tax effects of $(14), $137, and $(338)) | (26) | 255 | (627) |
| Net unrealized gains (losses) on investments (net of tax effects of $195, $(210), and $567) | 363 | (390) | 1,054 |
| Translation adjustments and other (net of tax effects of $(8), $(165), and $205) | (16) | (306) | 381 |
| Other comprehensive income (loss) | 321 | (441) | 808 |
| Comprehensive income | 22,184 | 16,537 | 23,958 |
| [1] Includes a charge related to a fine imposed by the European Commission in March 2013 which decreased net income by $733 million (561 million) and diluted earnings per share by $0.09. Also includes a charge for Surface RT inventory adjustments recorded in the fourth quarter of fiscal year 2013, which decreased net income by $596 million and diluted earnings per share by $0.07. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2013 | |||
Cash Flows Statements | |||
Period Ending June 30, 2013 10-K (Filed: July 30, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2013 | June 30, 2012 | June 30, 2011 | |
| Operations | |||
| Net income | $ 21,863 [1] | 16,978 | 23,150 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Goodwill impairment | 0 | 6,193 | 0 |
| Depreciation, amortization, and other | 3,755 | 2,967 | 2,766 |
| Stock-based compensation expense | 2,406 | 2,244 | 2,166 |
| Net recognized losses (gains) on investments and derivatives | 80 | (200) | (362) |
| Excess tax benefits from stock-based compensation | (209) | (93) | (17) |
| Deferred income taxes | (19) | 954 | 2 |
| Deferral of unearned revenue | 44,253 | 36,104 | 31,227 |
| Recognition of unearned revenue | (41,921) | (33,347) | (28,935) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (1,807) | (1,156) | (1,451) |
| Inventories | (802) | 184 | (561) |
| Other current assets | (129) | 493 | (1,259) |
| Other long-term assets | (478) | (248) | 62 |
| Accounts payable | 537 | (31) | 58 |
| Other current liabilities | 146 | 410 | (1,146) |
| Other long-term liabilities | 1,158 | 174 | 1,294 |
| Net cash from operations | 28,833 | 31,626 | 26,994 |
| Financing | |||
| Short-term debt repayments, maturities of 90 days or less, net | 0 | 0 | (186) |
| Proceeds from issuance of debt | 4,883 | 0 | 6,960 |
| Repayments of debt | (1,346) | 0 | (814) |
| Common stock issued | 931 | 1,913 | 2,422 |
| Common stock repurchased | (5,360) | (5,029) | (11,555) |
| Common stock cash dividends paid | (7,455) | (6,385) | (5,180) |
| Excess tax benefits from stock-based compensation | 209 | 93 | 17 |
| Other | (10) | 0 | (40) |
| Net cash used in financing | (8,148) | (9,408) | (8,376) |
| Investing | |||
| Additions to property and equipment | (4,257) | (2,305) | (2,355) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (1,584) | (10,112) | (71) |
| Purchases of investments | (75,396) | (57,250) | (35,993) |
| Maturities of investments | 5,130 | 15,575 | 6,897 |
| Sales of investments | 52,464 | 29,700 | 15,880 |
| Securities lending payable | (168) | (394) | 1,026 |
| Net cash used in investing | (23,811) | (24,786) | (14,616) |
| Effect of exchange rates on cash and cash equivalents | (8) | (104) | 103 |
| Net change in cash and cash equivalents | (3,134) | (2,672) | 4,105 |
| Cash and cash equivalents, beginning of period | 6,938 | 9,610 | |
| Cash and cash equivalents, end of period | 3,804 | 6,938 | 9,610 |
| [1] Includes a charge related to a fine imposed by the European Commission in March 2013 which decreased net income by $733 million (561 million) and diluted earnings per share by $0.09. Also includes a charge for Surface RT inventory adjustments recorded in the fourth quarter of fiscal year 2013, which decreased net income by $596 million and diluted earnings per share by $0.07. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MICROSOFT CORP | ||
Ticker: MSFT Fiscal Year: 2013 | ||
Balance Sheets | ||
Period Ending June 30, 2013 10-K (Filed: July 30, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| June 30, 2013 | June 30, 2012 | |
| Assets | ||
| Current assets: | ||
| Cash and Cash Equivalents | $ 3,804 | 6,938 |
| Short-term investments (including securities loaned of $579 and $785) | 73,218 | 56,102 |
| Total cash, cash equivalents, and short-term investments | 77,022 | 63,040 |
| Accounts receivable, net of allowance for doubtful accounts of $336 and $389 | 17,486 | 15,780 |
| Inventories | 1,938 | 1,137 |
| Deferred income taxes | 1,632 | 2,035 |
| Other | 3,388 | 3,092 |
| Total current assets | 101,466 | 85,084 |
| Property and equipment, net of accumulated depreciation of $12,513 and $10,962 | 9,991 | 8,269 |
| Equity and other investments | 10,844 | 9,776 |
| Goodwill | 14,655 | 13,452 |
| Intangible assets, net | 3,083 | 3,170 |
| Other long-term assets | 2,392 | 1,520 |
| Total assets | 142,431 | 121,271 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 4,828 | 4,175 |
| Current portion of long-term debt | 2,999 | 1,231 |
| Accrued compensation | 4,117 | 3,875 |
| Income taxes | 592 | 789 |
| Short-term unearned revenue | 20,639 | 18,653 |
| Securities lending payable | 645 | 814 |
| Other | 3,597 | 3,151 |
| Total current liabilities | 37,417 | 32,688 |
| Long-term debt | 12,601 | 10,713 |
| Long-term unearned revenue | 1,760 | 1,406 |
| Deferred income taxes | 1,709 | 1,893 |
| Other long-term liabilities | 10,000 | 8,208 |
| Total liabilities | 63,487 | 54,908 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock and paid-in capital - shares authorized 24,000; outstanding 8,328 and 8,381 | 67,306 | 65,797 |
| Retained earnings (deficit) | 9,895 | (856) |
| Accumulated other comprehensive income | 1,743 | 1,422 |
| Total stockholders' equity | 78,944 | 66,363 |
| Total liabilities and stockholders' equity | 142,431 | 121,271 |
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2013 | |
| 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 |