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10-K.Info (Beta Test)
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MICROSOFT CORP

Ticker: MSFT   Fiscal Year: 2019

INCOME STATEMENTS

Period Ending June 30, 2019 10-K (Filed: Aug 1, 2019)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 June 30, 2019June 30, 2018June 30, 2017
Revenue
$
125,843
110,36096,571
Cost of revenue42,91038,35334,261
Gross margin82,93372,00762,310
 
Research and development16,87614,72613,037
Sales and marketing18,21317,46915,461
General and administrative4,8854,7544,481
Restructuring00306
Operating income42,95935,05829,025
 
Other income, net7291,416876
Income before income taxes43,68836,47429,901
 
Provision for income taxes4,44819,9034,412
Net income39,240 [1]16,571 [2]25,489
 
Earnings per share:
Basic5.112.153.29
Diluted5.06 [3]2.13 [4]3.25
Weighted average shares outstanding:
Basic7,6737,7007,746
Diluted7,7537,7947,832
Product and Service
Product
Revenue66,06964,49763,811
Cost of revenue16,27315,42015,175
Service and Other
Revenue59,77445,86332,760
Cost of revenue26,63722,93319,086
[2] Reflects the net charge (benefit) related to the enactment of the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018.
[3] Reflects the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers, which decreased (increased) diluted EPS $0.02 for the second quarter, $(0.34) for the fourth quarter, and $(0.31) for fiscal year 2019.
[4] Reflects the net charge (benefit) related to the enactment of 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.
[1] Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 Income Taxes for further information.
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MICROSOFT CORP

Ticker: MSFT   Fiscal Year: 2019

COMPREHENSIVE INCOME STATEMENTS

Period Ending June 30, 2019 10-K (Filed: Aug 1, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 June 30, 2019June 30, 2018June 30, 2017
Net income
$
39,240 [1]
16,571 [2]25,489
Other comprehensive income (loss), net of tax:
Net change related to derivatives(173)39(218)
Net change related to investments2,405(2,717)(1,116)
Translation adjustments and other(318)(178)167
Other comprehensive income (loss)1,914(2,856)(1,167)
 
Comprehensive income41,15413,71524,322
 
[1] Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 Income Taxes for further information.
[2] Reflects the net charge (benefit) related to the enactment of the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018.
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MICROSOFT CORP

Ticker: MSFT   Fiscal Year: 2019

CASH FLOWS STATEMENTS

Period Ending June 30, 2019 10-K (Filed: Aug 1, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 June 30, 2019June 30, 2018June 30, 2017
Operations
Net income
$
39,240 [1]
16,571 [2]25,489
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other11,68210,2618,778
Stock-based compensation expense4,6523,9403,266
Net recognized gains on investments and derivatives(792)(2,212)(2,073)
Deferred income taxes(6,463)(5,143)(829)
Changes in operating assets and liabilities:
Accounts receivable(2,812)(3,862)(1,216)
Inventories597(465)50
Other current assets(1,718)(952)1,028
Other long-term assets(1,834)(285)(917)
Accounts payable2321,14881
Unearned revenue4,4625,9223,820
Income taxes2,92918,1831,792
Other current liabilities1,419798356
Other long-term liabilities591(20)(118)
Net cash from operations52,18543,88439,507
 
Financing
Repayments of short-term debt, maturities of 90 days or less, net0(7,324)(4,963)
Proceeds from issuance of debt07,18344,344
Repayments of debt(4,000)(10,060)(7,922)
Common stock issued1,1421,002772
Common stock repurchased(19,543)(10,721)(11,788)
Common stock cash dividends paid(13,811)(12,699)(11,845)
Other, net(675)(971)(190)
Net cash from (used in) financing(36,887)(33,590)8,408
 
Investing
Additions to property and equipment(13,925)(11,632)(8,129)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets(2,388)(888)(25,944)
Purchases of investments(57,697)(137,380)(176,905)
Maturities of investments20,04326,36028,044
Sales of investments38,194117,577136,350
Securities lending payable0(98)(197)
Net cash used in investing(15,773)(6,061)(46,781)
 
Effect of foreign exchange rates on cash and cash equivalents(115)5019
Net change in cash and cash equivalents(590)4,2831,153
 
Cash and cash equivalents, beginning of period11,9467,663
Cash and cash equivalents, end of period11,35611,9467,663
 
[2] Reflects the net charge (benefit) related to the enactment of the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018.
[1] Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 Income Taxes for further information.
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MICROSOFT CORP

Ticker: MSFT   Fiscal Year: 2019

BALANCE SHEETS

Period Ending June 30, 2019 10-K (Filed: Aug 1, 2019)

(In Millions, except shares in actual)
 As ofAs of
 June 30, 2019June 30, 2018
Assets
Current assets:
Cash and cash equivalents
$
11,356
11,946
Short-term investments122,463121,822
Total cash, cash equivalents, and short-term investments133,819133,768
 
Accounts receivable, net of allowance for doubtful accounts of $411 and $37729,52426,481
Inventories2,0632,662
Other10,1466,751
Total current assets175,552169,662
 
Property and equipment, net of accumulated depreciation of $35,330 and $29,22336,47729,460
Operating lease right-of-use assets7,3796,686
Equity investments2,6491,862
Goodwill42,02635,683
Intangible assets, net7,7508,053
Other long-term assets14,7237,442
Total assets286,556258,848
 
Liabilities and stockholders equity
Current liabilities:
Accounts payable9,3828,617
Current portion of long-term debt5,5163,998
Accrued compensation6,8306,103
Short-term income taxes5,6652,121
Short-term unearned revenue32,67628,905
Other9,3518,744
Total current liabilities69,42058,488
 
Long-term debt66,66272,242
Long-term income taxes29,61230,265
Long-term unearned revenue4,5303,815
Deferred income taxes233541
Operating lease liabilities6,1885,568
Other long-term liabilities7,5815,211
Total liabilities184,226176,130
 
Commitments and contingencies  
Stockholders equity:
Common stock and paid-in capital shares authorized 24,000; outstanding 7,643 and 7,67778,52071,223
Retained earnings24,15013,682
Accumulated other comprehensive loss(340)(2,187)
Total stockholders equity102,33082,718
 
Total liabilities and stockholders' equity286,556258,848
 
External Links 
MICROSOFT CORP (MSFT) Fiscal Year 2019
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