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: 2018 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2018 10-K (Filed: Aug 3, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2018 | June 30, 2017 | June 30, 2016 | |
| Revenue | $ 110,360 | 96,571 [1] | 91,154 |
| Cost of revenue | 38,353 | 34,261 | 32,780 |
| Gross margin | 72,007 | 62,310 | 58,374 |
| Research and development | 14,726 | 13,037 | 11,988 |
| Sales and marketing | 17,469 | 15,461 | 14,635 |
| General and administrative | 4,754 | 4,481 | 4,563 |
| Impairment and restructuring | 0 | 306 | 1,110 |
| Operating income | 35,058 | 29,025 [2] | 26,078 |
| Other income (expense), net | 1,416 | 876 | (439) |
| Income before income taxes | 36,474 | 29,901 | 25,639 |
| Provision for income taxes | 19,903 | 4,412 | 5,100 |
| Net income | 16,571 [3] | 25,489 | 20,539 |
| Earnings per share: | |||
| Basic | 2.15 | 3.29 | 2.59 |
| Diluted | 2.13 [4] | 3.25 | 2.56 |
| Weighted average shares outstanding: | |||
| Basic | 7,700 | 7,746 | 7,925 |
| Diluted | 7,794 | 7,832 | 8,013 |
| Cash dividends declared per common share | 1.68 | 1.56 | 1.44 |
| Product and Service | |||
| Product | |||
| Revenue | 64,497 | 63,811 | 67,336 |
| Cost of revenue | 15,420 | 15,175 | 17,880 |
| Service and Other | |||
| Revenue | 45,863 | 32,760 | 23,818 |
| Cost of revenue | 22,933 | 19,086 | 14,900 |
| [1] On December 8, 2016, we acquired LinkedIn Corporation. LinkedIn has been included in our consolidated results of operations starting on the acquisition date. | |||
| [2] 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 $0.04, respectively. | |||
| [3] Reflects the net charge (benefit) related to the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018. | |||
| [4] Reflects the net charge (benefit) related to the TCJA, which decreased (increased) diluted EPS $1.78 for the second quarter, $(0.01) for the fourth quarter, and $1.75 for fiscal year 2018. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2018 | |||
COMPREHENSIVE INCOME STATEMENTS | |||
Period Ending June 30, 2018 10-K (Filed: Aug 3, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2018 | June 30, 2017 | June 30, 2016 | |
| Net income | $ 16,571 [1] | 25,489 | 20,539 |
| Other comprehensive income (loss), net of tax: | |||
| Net change related to derivatives | 39 | (218) | (238) |
| Net change related to investments | (2,717) | (1,116) | (228) |
| Translation adjustments and other | (178) | 167 | (262) |
| Other comprehensive loss | (2,856) | (1,167) | (728) |
| Comprehensive income | 13,715 | 24,322 | 19,811 |
| [1] Reflects the net charge (benefit) related to the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2018 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2018 10-K (Filed: Aug 3, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2018 | June 30, 2017 | June 30, 2016 | |
| Operations | |||
| Net income | $ 16,571 [1] | 25,489 | 20,539 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Asset impairments | 0 | 0 | 630 |
| Depreciation, amortization, and other | 10,261 | 8,778 | 6,622 |
| Stock-based compensation expense | 3,940 | 3,266 | 2,668 |
| Net recognized gains on investments and derivatives | (2,212) | (2,073) | (223) |
| Deferred income taxes | (5,143) | (829) | 2,479 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (3,862) | (1,216) | 562 |
| Inventories | (465) | 50 | 600 |
| Other current assets | (952) | 1,028 | (1,212) |
| Other long-term assets | (285) | (917) | (1,110) |
| Accounts payable | 1,148 | 81 | 88 |
| Unearned revenue | 5,922 | 3,820 | 2,565 |
| Income taxes | 18,183 | 1,792 | (298) |
| Other current liabilities | 798 | 356 | (179) |
| Other long-term liabilities | (20) | (118) | (406) |
| Net cash from operations | 43,884 | 39,507 | 33,325 |
| Financing | |||
| Proceeds from issuance (repayments) of short-term debt, maturities of 90 days or less, net | (7,324) | (4,963) | 7,195 |
| Proceeds from issuance of debt | 7,183 | 44,344 | 13,884 |
| Repayments of debt | (10,060) | (7,922) | (2,796) |
| Common stock issued | 1,002 | 772 | 668 |
| Common stock repurchased | (10,721) | (11,788) | (15,969) |
| Common stock cash dividends paid | (12,699) | (11,845) | (11,006) |
| Other, net | (971) | (190) | (369) |
| Net cash from (used in) financing | (33,590) | 8,408 | (8,393) |
| Investing | |||
| Additions to property and equipment | (11,632) | (8,129) | (8,343) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (888) | (25,944) | (1,393) |
| Purchases of investments | (137,380) | (176,905) | (129,758) |
| Maturities of investments | 26,360 | 28,044 | 22,054 |
| Sales of investments | 117,577 | 136,350 | 93,287 |
| Securities lending payable | (98) | (197) | 203 |
| Net cash used in investing | (6,061) | (46,781) | (23,950) |
| Effect of foreign exchange rates on cash and cash equivalents | 50 | 19 | (67) |
| Net change in cash and cash equivalents | 4,283 | 1,153 | 915 |
| Cash and cash equivalents, beginning of period | 7,663 | 6,510 | |
| Cash and cash equivalents, end of period | 11,946 | 7,663 | 6,510 |
| [1] Reflects the net charge (benefit) related to the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MICROSOFT CORP | ||
Ticker: MSFT Fiscal Year: 2018 | ||
BALANCE SHEETS | ||
Period Ending June 30, 2018 10-K (Filed: Aug 3, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| June 30, 2018 | June 30, 2017 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 11,946 | 7,663 |
| Short-term investments | 121,822 | 125,318 |
| Total cash, cash equivalents, and short-term investments | 133,768 | 132,981 |
| Accounts receivable, net of allowance for doubtful accounts of $377 and $345 | 26,481 | 22,431 |
| Inventories | 2,662 | 2,181 |
| Other | 6,751 | 5,103 |
| Total current assets | 169,662 | 162,696 |
| Property and equipment, net of accumulated depreciation of $29,223 and $24,179 | 29,460 | 23,734 |
| Operating lease right-of-use assets | 6,686 | 6,555 |
| Equity and other investments | 1,862 | 6,023 |
| Goodwill | 35,683 | 35,122 |
| Intangible assets, net | 8,053 | 10,106 |
| Other long-term assets | 7,442 | 6,076 |
| Total assets | 258,848 | 250,312 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Accounts payable | 8,617 | 7,390 |
| Short-term debt | 0 | 9,072 |
| Current portion of long-term debt | 3,998 | 1,049 |
| Accrued compensation | 6,103 | 5,819 |
| Short-term income taxes | 2,121 | 718 |
| Short-term unearned revenue | 28,905 | 24,013 |
| Other | 8,744 | 7,684 |
| Total current liabilities | 58,488 | 55,745 |
| Long-term debt | 72,242 | 76,073 |
| Long-term income taxes | 30,265 | 13,485 |
| Long-term unearned revenue | 3,815 | 2,643 |
| Deferred income taxes | 541 | 5,734 |
| Operating lease liabilities | 5,568 | 5,372 |
| Other long-term liabilities | 5,211 | 3,549 |
| Total liabilities | 176,130 | 162,601 |
| Commitments and contingencies | ||
| Stockholders equity: | ||
| Common stock and paid-in capital shares authorized 24,000; outstanding 7,677 and 7,708 | 71,223 | 69,315 |
| Retained earnings | 13,682 | 17,769 |
| Accumulated other comprehensive income (loss) | (2,187) | 627 |
| Total stockholders equity | 82,718 | 87,711 |
| Total liabilities and stockholders' equity | 258,848 | 250,312 |
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2018 | |
| 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 |