10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2015 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2015 10-K (Filed: July 31, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2015 | June 30, 2014 | June 30, 2013 | |
| Revenue | $ 93,580 | 86,833 | 77,849 |
| Cost of revenue | 33,038 | 27,078 | 20,385 |
| Gross margin | 60,542 | 59,755 | 57,464 |
| Research and development | 12,046 | 11,381 | 10,411 |
| Sales and marketing | 15,713 | 15,811 | 15,276 |
| General and administrative | 4,611 | 4,677 | 5,013 |
| Impairment, integration, and restructuring | 10,011 | 127 | 0 |
| Operating income | 18,161 | 27,759 | 26,764 |
| Other income, net | 346 | 61 | 288 |
| Income before income taxes | 18,507 | 27,820 | 27,052 |
| Provision for income taxes | 6,314 | 5,746 | 5,189 |
| Net income | 12,193 [1] | 22,074 | 21,863 |
| Earnings per share: | |||
| Basic | 1.49 | 2.66 | 2.61 |
| Diluted | 1.48 | 2.63 | 2.58 |
| Weighted average shares outstanding: | |||
| Basic | 8,177 | 8,299 | 8,375 |
| Diluted | 8,254 | 8,399 | 8,470 |
| Cash dividends declared per common share | 1.24 | 1.12 | 0.92 |
| [1] Includes $7.5 billion of goodwill and asset impairment charges related to Phone Hardware, as well as $2.5 billion of integration and restructuring expenses, primarily costs associated with our restructuring plans, which decreased fiscal year 2015 net income by $10.0 billion and diluted EPS by $1.15. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2015 | |||
COMPREHENSIVE INCOME STATEMENTS | |||
Period Ending June 30, 2015 10-K (Filed: July 31, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2015 | June 30, 2014 | June 30, 2013 | |
| Net income | $ 12,193 [1] | 22,074 | 21,863 |
| Other comprehensive income (loss): | |||
| Net unrealized gains (losses) on derivatives (net of tax effects of $20, $(4), and $(14)) | 559 | (35) | (26) |
| Net unrealized gains (losses) on investments (net of tax effects of $(197), $936, and $195) | (362) | 1,737 | 363 |
| Translation adjustments and other (net of tax effects of $16, $12, and $(8)) | (1,383) | 263 | (16) |
| Other comprehensive income (loss) | (1,186) | 1,965 | 321 |
| Comprehensive income | 11,007 | 24,039 | 22,184 |
| [1] Includes $7.5 billion of goodwill and asset impairment charges related to Phone Hardware, as well as $2.5 billion of integration and restructuring expenses, primarily costs associated with our restructuring plans, which decreased fiscal year 2015 net income by $10.0 billion and diluted EPS by $1.15. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2015 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2015 10-K (Filed: July 31, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2015 | June 30, 2014 | June 30, 2013 | |
| Operations | |||
| Net income | $ 12,193 [1] | 22,074 | 21,863 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Goodwill and asset impairments | 7,498 | 0 | 0 |
| Depreciation, amortization, and other | 5,957 | 5,212 | 3,755 |
| Stock-based compensation expense | 2,574 | 2,446 | 2,406 |
| Net recognized losses (gains) on investments and derivatives | (443) | (109) | 80 |
| Excess tax benefits from stock-based compensation | (588) | (271) | (209) |
| Deferred income taxes | 224 | (331) | (19) |
| Deferral of unearned revenue | 45,072 | 44,325 | 44,253 |
| Recognition of unearned revenue | (44,920) | (41,739) | (41,921) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 1,456 | (1,120) | (1,807) |
| Inventories | (272) | (161) | (802) |
| Other current assets | 62 | (29) | (129) |
| Other long-term assets | 346 | (628) | (478) |
| Accounts payable | (1,054) | 473 | 537 |
| Other current liabilities | (624) | 1,075 | 146 |
| Other long-term liabilities | 1,599 | 1,014 | 1,158 |
| Net cash from operations | 29,080 | 32,231 | 28,833 |
| Financing | |||
| Proceeds from issuance of short-term debt, maturities of 90 days or less, net | 4,481 | 500 | 0 |
| Proceeds from issuance of debt | 10,680 | 10,350 | 4,883 |
| Repayments of debt | (1,500) | (3,888) | (1,346) |
| Common stock issued | 634 | 607 | 931 |
| Common stock repurchased | (14,443) | (7,316) | (5,360) |
| Common stock cash dividends paid | (9,882) | (8,879) | (7,455) |
| Excess tax benefits from stock-based compensation | 588 | 271 | 209 |
| Other | 362 | (39) | (10) |
| Net cash used in financing | (9,080) | (8,394) | (8,148) |
| Investing | |||
| Additions to property and equipment | (5,944) | (5,485) | (4,257) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (3,723) | (5,937) | (1,584) |
| Purchases of investments | (98,729) | (72,690) | (75,396) |
| Maturities of investments | 15,013 | 5,272 | 5,130 |
| Sales of investments | 70,848 | 60,094 | 52,464 |
| Securities lending payable | (466) | (87) | (168) |
| Net cash used in investing | (23,001) | (18,833) | (23,811) |
| Effect of exchange rates on cash and cash equivalents | (73) | (139) | (8) |
| Net change in cash and cash equivalents | (3,074) | 4,865 | (3,134) |
| Cash and cash equivalents, beginning of period | 8,669 | 3,804 | |
| Cash and cash equivalents, end of period | 5,595 | 8,669 | 3,804 |
| [1] Includes $7.5 billion of goodwill and asset impairment charges related to Phone Hardware, as well as $2.5 billion of integration and restructuring expenses, primarily costs associated with our restructuring plans, which decreased fiscal year 2015 net income by $10.0 billion and diluted EPS by $1.15. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MICROSOFT CORP | ||
Ticker: MSFT Fiscal Year: 2015 | ||
BALANCE SHEETS | ||
Period Ending June 30, 2015 10-K (Filed: July 31, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| June 30, 2015 | June 30, 2014 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,595 | 8,669 |
| Short-term investments (including securities loaned of $75 and $541) | 90,931 | 77,040 |
| Total cash, cash equivalents, and short-term investments | 96,526 | 85,709 |
| Accounts receivable, net of allowance for doubtful accounts of $335 and $301 | 17,908 | 19,544 |
| Inventories | 2,902 | 2,660 |
| Deferred income taxes | 1,915 | 1,941 |
| Other | 5,461 | 4,392 |
| Total current assets | 124,712 | 114,246 |
| Property and equipment, net of accumulated depreciation of $17,606 and $14,793 | 14,731 | 13,011 |
| Equity and other investments | 12,053 | 14,597 |
| Goodwill | 16,939 | 20,127 |
| Intangible assets, net | 4,835 | 6,981 |
| Other long-term assets | 2,953 | 3,422 |
| Total assets | 176,223 | 172,384 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 6,591 | 7,432 |
| Short-term debt | 4,985 | 2,000 |
| Current portion of long-term debt | 2,499 | 0 |
| Accrued compensation | 5,096 | 4,797 |
| Income taxes | 606 | 782 |
| Short-term unearned revenue | 23,223 | 23,150 |
| Securities lending payable | 92 | 558 |
| Other | 6,766 | 6,906 |
| Total current liabilities | 49,858 | 45,625 |
| Long-term debt | 27,808 | 20,645 |
| Long-term unearned revenue | 2,095 | 2,008 |
| Deferred income taxes | 2,835 | 2,728 |
| Other long-term liabilities | 13,544 | 11,594 |
| Total liabilities | 96,140 | 82,600 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock and paid-in capital - shares authorized 24,000; outstanding 8,027 and 8,239 | 68,465 | 68,366 |
| Retained earnings | 9,096 | 17,710 |
| Accumulated other comprehensive income | 2,522 | 3,708 |
| Total stockholders' equity | 80,083 | 89,784 |
| Total liabilities and stockholders' equity | 176,223 | 172,384 |
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2015 | |
| 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 |