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: 2016 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2016 10-K (Filed: July 28, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2016 | June 30, 2015 | June 30, 2014 | |
| Revenue | |||
| Product | $ 61,502 | 75,956 | 72,948 |
| Service and other | 23,818 | 17,624 | 13,885 |
| Total revenue | 85,320 [1] | 93,580 | 86,833 |
| Cost of revenue | |||
| Product | 17,880 | 21,410 | 16,681 |
| Service and other | 14,900 | 11,628 | 10,397 |
| Total cost of revenue | 32,780 | 33,038 | 27,078 |
| Gross margin | 52,540 | 60,542 | 59,755 |
| Research and development | 11,988 | 12,046 | 11,381 |
| Sales and marketing | 14,697 | 15,713 | 15,811 |
| General and administrative | 4,563 | 4,611 | 4,677 |
| Impairment, integration, and restructuring | 1,110 | 10,011 | 127 |
| Operating income | 20,182 | 18,161 | 27,759 |
| Other income (expense), net | (431) | 346 | 61 |
| Income before income taxes | 19,751 | 18,507 | 27,820 |
| Provision for income taxes | 2,953 | 6,314 | 5,746 |
| Net income | 16,798 [2] | 12,193 [3] | 22,074 |
| Earnings per share: | |||
| Basic | 2.12 | 1.49 | 2.66 |
| Diluted | 2.10 | 1.48 | 2.63 |
| Weighted average shares outstanding: | |||
| Basic | 7,925 | 8,177 | 8,299 |
| Diluted | 8,013 | 8,254 | 8,399 |
| Cash dividends declared per common share | 1.44 | 1.24 | 1.12 |
| [1] Reflects the impact of the net revenue deferral from Windows 10 of $1.3 billion, $1.7 billion, $1.6 billion, and $2.0 billion, for the first, second, third, and fourth quarter of fiscal year 2016, respectively, and $6.6 billion for fiscal year 2016. | |||
| [2] Includes $630 million of asset impairment charges related to our phone business, and $480 million of restructuring charges associated with our 2016 restructuring plans, which together decreased net income and diluted EPS by $895 million and $0.11, respectively. | |||
| [3] Includes $7.5 billion of goodwill and asset impairment charges related to our phone business, and $2.5 billion of integration and restructuring expenses, primarily associated with our Phone Hardware Integration Plan and Phone Hardware Restructuring Plan, which together decreased net income and diluted EPS by $9.5 billion and $1.15, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2016 | |||
COMPREHENSIVE INCOME STATEMENTS | |||
Period Ending June 30, 2016 10-K (Filed: July 28, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2016 | June 30, 2015 | June 30, 2014 | |
| Net income | $ 16,798 [1] | 12,193 [2] | 22,074 |
| Other comprehensive income (loss): | |||
| Net unrealized gains (losses) on derivatives (net of tax effects of $(12), $20, and $(4)) | (238) | 559 | (35) |
| Net unrealized gains (losses) on investments (net of tax effects of $(121), $(197), and $936) | (228) | (362) | 1,737 |
| Translation adjustments and other (net of tax effects of $(33), $16, and $12) | (519) | (1,383) | 263 |
| Other comprehensive income (loss) | (985) | (1,186) | 1,965 |
| Comprehensive income | 15,813 | 11,007 | 24,039 |
| [1] Includes $630 million of asset impairment charges related to our phone business, and $480 million of restructuring charges associated with our 2016 restructuring plans, which together decreased net income and diluted EPS by $895 million and $0.11, respectively. | |||
| [2] Includes $7.5 billion of goodwill and asset impairment charges related to our phone business, and $2.5 billion of integration and restructuring expenses, primarily associated with our Phone Hardware Integration Plan and Phone Hardware Restructuring Plan, which together decreased net income and diluted EPS by $9.5 billion and $1.15, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2016 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2016 10-K (Filed: July 28, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2016 | June 30, 2015 | June 30, 2014 | |
| Operations | |||
| Net income | $ 16,798 [1] | 12,193 [2] | 22,074 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Goodwill and asset impairments | 630 | 7,498 | 0 |
| Depreciation, amortization, and other | 6,622 | 5,957 | 5,212 |
| Stock-based compensation expense | 2,668 | 2,574 | 2,446 |
| Net recognized gains on investments and derivatives | (223) | (443) | (109) |
| Deferred income taxes | 332 | 224 | (331) |
| Deferral of unearned revenue | 57,072 | 45,072 | 44,325 |
| Recognition of unearned revenue | (48,498) | (44,920) | (41,739) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (530) | 1,456 | (1,120) |
| Inventories | 600 | (272) | (161) |
| Other current assets | (1,167) | 62 | (29) |
| Other long-term assets | (41) | 346 | (628) |
| Accounts payable | 88 | (1,054) | 473 |
| Other current liabilities | (260) | (624) | 1,075 |
| Other long-term liabilities | (766) | 1,599 | 1,014 |
| Net cash from operations | 33,325 | 29,668 | 32,502 |
| Financing | |||
| Proceeds from issuance of short-term debt, maturities of 90 days or less, net | 7,195 | 4,481 | 500 |
| Proceeds from issuance of debt | 13,884 | 10,680 | 10,350 |
| Repayments of debt | (2,796) | (1,500) | (3,888) |
| Common stock issued | 668 | 634 | 607 |
| Common stock repurchased | (15,969) | (14,443) | (7,316) |
| Common stock cash dividends paid | (11,006) | (9,882) | (8,879) |
| Other | (369) | 362 | (39) |
| Net cash used in financing | (8,393) | (9,668) | (8,665) |
| Investing | |||
| Additions to property and equipment | (8,343) | (5,944) | (5,485) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (1,393) | (3,723) | (5,937) |
| Purchases of investments | (129,758) | (98,729) | (72,690) |
| Maturities of investments | 22,054 | 15,013 | 5,272 |
| Sales of investments | 93,287 | 70,848 | 60,094 |
| Securities lending payable | 203 | (466) | (87) |
| Net cash used in investing | (23,950) | (23,001) | (18,833) |
| Effect of foreign exchange rates on cash and cash equivalents | (67) | (73) | (139) |
| Net change in cash and cash equivalents | 915 | (3,074) | 4,865 |
| Cash and cash equivalents, beginning of period | 5,595 | 8,669 | |
| Cash and cash equivalents, end of period | 6,510 | 5,595 | 8,669 |
| [1] Includes $630 million of asset impairment charges related to our phone business, and $480 million of restructuring charges associated with our 2016 restructuring plans, which together decreased net income and diluted EPS by $895 million and $0.11, respectively. | |||
| [2] Includes $7.5 billion of goodwill and asset impairment charges related to our phone business, and $2.5 billion of integration and restructuring expenses, primarily associated with our Phone Hardware Integration Plan and Phone Hardware Restructuring Plan, which together decreased net income and diluted EPS by $9.5 billion and $1.15, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MICROSOFT CORP | ||
Ticker: MSFT Fiscal Year: 2016 | ||
BALANCE SHEETS | ||
Period Ending June 30, 2016 10-K (Filed: July 28, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| June 30, 2016 | June 30, 2015 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,510 | 5,595 |
| Short-term investments (including securities loaned of $204 and $75) | 106,730 | 90,931 |
| Total cash, cash equivalents, and short-term investments | 113,240 | 96,526 |
| Accounts receivable, net of allowance for doubtful accounts of $426 and $335 | 18,277 | 17,908 |
| Inventories | 2,251 | 2,902 |
| Other | 5,892 | 5,461 |
| Total current assets | 139,660 | 122,797 |
| Property and equipment, net of accumulated depreciation of $19,800 and $17,606 | 18,356 | 14,731 |
| Equity and other investments | 10,431 | 12,053 |
| Goodwill | 17,872 | 16,939 |
| Intangible assets, net | 3,733 | 4,835 |
| Other long-term assets | 3,642 | 3,117 |
| Total assets | 193,694 | 174,472 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Accounts payable | 6,898 | 6,591 |
| Short-term debt | 12,904 | 4,985 |
| Current portion of long-term debt | 0 | 2,499 |
| Accrued compensation | 5,264 | 5,096 |
| Income taxes | 580 | 606 |
| Short-term unearned revenue | 27,468 | 23,223 |
| Securities lending payable | 294 | 92 |
| Other | 5,949 | 6,555 |
| Total current liabilities | 59,357 | 49,647 |
| Long-term debt | 40,783 | 27,808 |
| Long-term unearned revenue | 6,441 | 2,095 |
| Deferred income taxes | 1,476 [1] | 1,295 |
| Other long-term liabilities | 13,640 | 13,544 |
| Total liabilities | 121,697 | 94,389 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock and paid-in capital - shares authorized 24,000; outstanding 7,808 and 8,027 | 68,178 | 68,465 |
| Retained earnings | 2,282 | 9,096 |
| Accumulated other comprehensive income | 1,537 | 2,522 |
| Total stockholders' equity | 71,997 | 80,083 |
| Total liabilities and stockholders' equity | 193,694 | 174,472 |
| [1] Balances as of June 30, 2015 reflect the impact of the adoption of the new accounting standard in fiscal year 2016 related to balance sheet classification of deferred taxes. See Note 1 - Accounting Policies for additional details. | ||
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2016 | |
| 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 |