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: 2017 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2017 10-K (Filed: Aug 2, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| Revenue | |||
| Product | $ 57,190 | 61,502 | 75,956 |
| Service and other | 32,760 | 23,818 | 17,624 |
| Total revenue | 89,950 [1] | 85,320 [2] | 93,580 |
| Cost of revenue | |||
| Product | 15,175 | 17,880 | 21,410 |
| Service and other | 19,086 | 14,900 | 11,628 |
| Total cost of revenue | 34,261 | 32,780 | 33,038 |
| Gross margin | 55,689 | 52,540 | 60,542 |
| Research and development | 13,037 | 11,988 | 12,046 |
| Sales and marketing | 15,539 | 14,697 | 15,713 |
| General and administrative | 4,481 | 4,563 | 4,611 |
| Impairment, integration, and restructuring | 306 | 1,110 | 10,011 |
| Operating income | 22,326 | 20,182 | 18,161 |
| Other income (expense), net | 823 | (431) | 346 |
| Income before income taxes | 23,149 | 19,751 | 18,507 |
| Provision for income taxes | 1,945 | 2,953 | 6,314 |
| Net income | 21,204 [3] | 16,798 [4] | 12,193 |
| Earnings per share: | |||
| Basic | 2.74 | 2.12 | 1.49 |
| Diluted | 2.71 | 2.10 | 1.48 |
| Weighted average shares outstanding: | |||
| Basic | 7,746 | 7,925 | 8,177 |
| Diluted | 7,832 | 8,013 | 8,254 |
| Cash dividends declared per common share | 1.56 | 1.44 | 1.24 |
| [4] 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 operating income, net income, and diluted EPS by $1.1 billion, $895 million, and $0.11, respectively. | |||
| [1] On December 8, 2016, we acquired LinkedIn Corporation. LinkedIn has been included in our consolidated results of operations starting on the acquisition date. | Reflects the impact of the net revenue deferral from Windows 10 of $1.9 billion, $2.0 billion, $1.5 billion, and $1.4 billion, for the first, second, third, and fourth quarter of fiscal year 2017, respectively, and $6.7 billion for fiscal year 2017. | |||
| [2] 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. | |||
| [3] Includes $306 million of employee severance expenses primarily related to our sales and marketing restructuring plan, which decreased operating income, net income, and diluted EPS by $306 million, $243 million, and $0.03, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2017 | |||
COMPREHENSIVE INCOME STATEMENTS | |||
Period Ending June 30, 2017 10-K (Filed: Aug 2, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| Net income | $ 21,204 [1] | 16,798 [2] | 12,193 |
| Other comprehensive income (loss): | |||
| Net unrealized gains (losses) on derivatives (net of tax effects of $(5), $(12), and $20) | (218) | (238) | 559 |
| Net unrealized losses on investments (net of tax effects of $(613), $(121), and $(197)) | (1,116) | (228) | (362) |
| Translation adjustments and other (net of tax effects of $9, $(33), and $16) | 228 | (519) | (1,383) |
| Other comprehensive loss | (1,106) | (985) | (1,186) |
| Comprehensive income | 20,098 | 15,813 | 11,007 |
| [1] Includes $306 million of employee severance expenses primarily related to our sales and marketing restructuring plan, which decreased operating income, net income, and diluted EPS by $306 million, $243 million, and $0.03, respectively. | |||
| [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 operating income, net income, and diluted EPS by $1.1 billion, $895 million, and $0.11, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2017 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2017 10-K (Filed: Aug 2, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| Operations | |||
| Net income | $ 21,204 [1] | 16,798 [2] | 12,193 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Goodwill and asset impairments | 0 | 630 | 7,498 |
| Depreciation, amortization, and other | 8,778 | 6,622 | 5,957 |
| Stock-based compensation expense | 3,266 | 2,668 | 2,574 |
| Net recognized gains on investments and derivatives | (2,073) | (223) | (443) |
| Deferred income taxes | (3,296) | 332 | 224 |
| Deferral of unearned revenue | 67,711 | 57,072 | 45,072 |
| Recognition of unearned revenue | (57,735) | (48,498) | (44,920) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (925) | (530) | 1,456 |
| Inventories | 50 | 600 | (272) |
| Other current assets | 1,066 | (1,167) | 62 |
| Other long-term assets | (539) | (41) | 346 |
| Accounts payable | 81 | 88 | (1,054) |
| Other current liabilities | 386 | (260) | (624) |
| Other long-term liabilities | 1,533 | (766) | 1,599 |
| Net cash from operations | 39,507 | 33,325 | 29,668 |
| Financing | |||
| Proceeds from issuance (repayments) of short-term debt, maturities of 90 days or less, net | (4,963) | 7,195 | 4,481 |
| Proceeds from issuance of debt | 44,344 | 13,884 | 10,680 |
| Repayments of debt | (7,922) | (2,796) | (1,500) |
| Common stock issued | 772 | 668 | 634 |
| Common stock repurchased | (11,788) | (15,969) | (14,443) |
| Common stock cash dividends paid | (11,845) | (11,006) | (9,882) |
| Other, net | (190) | (369) | 362 |
| Net cash from (used in) financing | 8,408 | (8,393) | (9,668) |
| Investing | |||
| Additions to property and equipment | (8,129) | (8,343) | (5,944) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (25,944) | (1,393) | (3,723) |
| Purchases of investments | (176,905) | (129,758) | (98,729) |
| Maturities of investments | 28,044 | 22,054 | 15,013 |
| Sales of investments | 136,350 | 93,287 | 70,848 |
| Securities lending payable | (197) | 203 | (466) |
| Net cash used in investing | (46,781) | (23,950) | (23,001) |
| Effect of foreign exchange rates on cash and cash equivalents | 19 | (67) | (73) |
| Net change in cash and cash equivalents | 1,153 | 915 | (3,074) |
| Cash and cash equivalents, beginning of period | 6,510 | 5,595 | |
| Cash and cash equivalents, end of period | 7,663 | 6,510 | 5,595 |
| [1] Includes $306 million of employee severance expenses primarily related to our sales and marketing restructuring plan, which decreased operating income, net income, and diluted EPS by $306 million, $243 million, and $0.03, respectively. | |||
| [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 operating income, net income, and diluted EPS by $1.1 billion, $895 million, and $0.11, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MICROSOFT CORP | ||
Ticker: MSFT Fiscal Year: 2017 | ||
BALANCE SHEETS | ||
Period Ending June 30, 2017 10-K (Filed: Aug 2, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| June 30, 2017 | June 30, 2016 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 7,663 | 6,510 |
| Short-term investments (including securities loaned of $3,694 and $204) | 125,318 | 106,730 |
| Total cash, cash equivalents, and short-term investments | 132,981 | 113,240 |
| Accounts receivable, net of allowance for doubtful accounts of $405 and $426 | 19,792 | 18,277 |
| Inventories | 2,181 | 2,251 |
| Other | 4,897 | 5,892 |
| Total current assets | 159,851 | 139,660 |
| Property and equipment, net of accumulated depreciation of $24,179 and $19,800 | 23,734 | 18,356 |
| Equity and other investments | 6,023 | 10,431 |
| Goodwill | 35,122 | 17,872 |
| Intangible assets, net | 10,106 | 3,733 |
| Other long-term assets | 6,250 | 3,416 |
| Total assets | 241,086 | 193,468 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Accounts payable | 7,390 | 6,898 |
| Short-term debt | 9,072 | 12,904 |
| Current portion of long-term debt | 1,049 | 0 |
| Accrued compensation | 5,819 | 5,264 |
| Income taxes | 718 | 580 |
| Short-term unearned revenue | 34,102 | 27,468 |
| Securities lending payable | 97 | 294 |
| Other | 6,280 | 5,949 |
| Total current liabilities | 64,527 | 59,357 |
| Long-term debt | 76,073 | 40,557 |
| Long-term unearned revenue | 10,377 | 6,441 |
| Deferred income taxes | 531 | 1,476 |
| Other long-term liabilities | 17,184 | 13,640 |
| Total liabilities | 168,692 | 121,471 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Common stock and paid-in capital shares authorized 24,000; outstanding 7,708 and 7,808 | 69,315 | 68,178 |
| Retained earnings | 2,648 | 2,282 |
| Accumulated other comprehensive income | 431 | 1,537 |
| Total stockholders' equity | 72,394 | 71,997 |
| Total liabilities and stockholders' equity | 241,086 | 193,468 |
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2017 | |
| 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 |