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: 2020 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2020 10-K (Filed: July 31, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2020 | June 30, 2019 | June 30, 2018 | |
| Revenue | $ 143,015 | 125,843 | 110,360 |
| Cost of revenue | 46,078 | 42,910 | 38,353 |
| Gross margin | 96,937 | 82,933 | 72,007 |
| Research and development | 19,269 | 16,876 | 14,726 |
| Sales and marketing | 19,598 | 18,213 | 17,469 |
| General and administrative | 5,111 | 4,885 | 4,754 |
| Operating income | 52,959 | 42,959 | 35,058 |
| Other income, net | 77 | 729 | 1,416 |
| Income before income taxes | 53,036 | 43,688 | 36,474 |
| Provision for income taxes | 8,755 | 4,448 | 19,903 |
| Net income | 44,281 | 39,240 [1] | 16,571 |
| Earnings per share: | |||
| Basic | 5.82 | 5.11 | 2.15 |
| Diluted | 5.76 | 5.06 | 2.13 |
| Weighted average shares outstanding: | |||
| Basic | 7,610 | 7,673 | 7,700 |
| Diluted | 7,683 | 7,753 | 7,794 |
| Product and Service | |||
| Product | |||
| Revenue | 68,041 | 66,069 | 64,497 |
| Cost of revenue | 16,017 | 16,273 | 15,420 |
| Service and Other | |||
| Revenue | 74,974 | 59,774 | 45,863 |
| Cost of revenue | 30,061 | 26,637 | 22,933 |
| [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. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2020 | |||
COMPREHENSIVE INCOME STATEMENTS | |||
Period Ending June 30, 2020 10-K (Filed: July 31, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2020 | June 30, 2019 | June 30, 2018 | |
| Net income | $ 44,281 | 39,240 [1] | 16,571 |
| Other comprehensive income (loss), net of tax: | |||
| Net change related to derivatives | (38) | (173) | 39 |
| Net change related to investments | 3,990 | 2,405 | (2,717) |
| Translation adjustments and other | (426) | (318) | (178) |
| Other comprehensive income (loss) | 3,526 | 1,914 | (2,856) |
| Comprehensive income | 47,807 | 41,154 | 13,715 |
| [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. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MICROSOFT CORP | |||
Ticker: MSFT Fiscal Year: 2020 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2020 10-K (Filed: July 31, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2020 | June 30, 2019 | June 30, 2018 | |
| Operations | |||
| Net income | $ 44,281 | 39,240 [1] | 16,571 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Depreciation, amortization, and other | 12,796 | 11,682 | 10,261 |
| Stock-based compensation expense | 5,289 | 4,652 | 3,940 |
| Net recognized gains on investments and derivatives | (219) | (792) | (2,212) |
| Deferred income taxes | 11 | (6,463) | (5,143) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (2,577) | (2,812) | (3,862) |
| Inventories | 168 | 597 | (465) |
| Other current assets | (2,330) | (1,718) | (952) |
| Other long-term assets | (1,037) | (1,834) | (285) |
| Accounts payable | 3,018 | 232 | 1,148 |
| Unearned revenue | 2,212 | 4,462 | 5,922 |
| Income taxes | (3,631) | 2,929 | 18,183 |
| Other current liabilities | 1,346 | 1,419 | 798 |
| Other long-term liabilities | 1,348 | 591 | (20) |
| Net cash from operations | 60,675 | 52,185 | 43,884 |
| Financing | |||
| Repayments of short-term debt, maturities of 90 days or less, net | 0 | 0 | (7,324) |
| Proceeds from issuance of debt | 0 | 0 | 7,183 |
| Cash premium on debt exchange | (3,417) | 0 | 0 |
| Repayments of debt | (5,518) | (4,000) | (10,060) |
| Common stock issued | 1,343 | 1,142 | 1,002 |
| Common stock repurchased | (22,968) | (19,543) | (10,721) |
| Common stock cash dividends paid | (15,137) | (13,811) | (12,699) |
| Other, net | (334) | (675) | (971) |
| Net cash used in financing | (46,031) | (36,887) | (33,590) |
| Investing | |||
| Additions to property and equipment | (15,441) | (13,925) | (11,632) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (2,521) | (2,388) | (888) |
| Purchases of investments | (77,190) | (57,697) | (137,380) |
| Maturities of investments | 66,449 | 20,043 | 26,360 |
| Sales of investments | 17,721 | 38,194 | 117,577 |
| Other, net | (1,241) | 0 | (98) |
| Net cash used in investing | (12,223) | (15,773) | (6,061) |
| Effect of foreign exchange rates on cash and cash equivalents | (201) | (115) | 50 |
| Net change in cash and cash equivalents | 2,220 | (590) | 4,283 |
| Cash and cash equivalents, beginning of period | 11,356 | 11,946 | |
| Cash and cash equivalents, end of period | 13,576 | 11,356 | 11,946 |
| [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. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MICROSOFT CORP | ||
Ticker: MSFT Fiscal Year: 2020 | ||
BALANCE SHEETS | ||
Period Ending June 30, 2020 10-K (Filed: July 31, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| June 30, 2020 | June 30, 2019 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 13,576 | 11,356 |
| Short-term investments | 122,951 | 122,463 |
| Total cash, cash equivalents, and short-term investments | 136,527 | 133,819 |
| Accounts receivable, net of allowance for doubtful accounts of $788 and $411 | 32,011 | 29,524 |
| Inventories | 1,895 | 2,063 |
| Other current assets | 11,482 | 10,146 |
| Total current assets | 181,915 | 175,552 |
| Property and equipment, net of accumulated depreciation of $43,197 and $35,330 | 44,151 | 36,477 |
| Operating lease right-of-use assets | 8,753 | 7,379 |
| Equity investments | 2,965 | 2,649 |
| Goodwill | 43,351 | 42,026 |
| Intangible assets, net | 7,038 | 7,750 |
| Other long-term assets | 13,138 | 14,723 |
| Total assets | 301,311 | 286,556 |
| Liabilities and stockholders equity | ||
| Current liabilities: | ||
| Accounts payable | 12,530 | 9,382 |
| Current portion of long-term debt | 3,749 | 5,516 |
| Accrued compensation | 7,874 | 6,830 |
| Short-term income taxes | 2,130 | 5,665 |
| Short-term unearned revenue | 36,000 | 32,676 |
| Other current liabilities | 10,027 | 9,351 |
| Total current liabilities | 72,310 | 69,420 |
| Long-term debt | 59,578 | 66,662 |
| Long-term income taxes | 29,432 | 29,612 |
| Long-term unearned revenue | 3,180 | 4,530 |
| Deferred income taxes | 204 | 233 |
| Operating lease liabilities | 7,671 | 6,188 |
| Other long-term liabilities | 10,632 | 7,581 |
| Total liabilities | 183,007 | 184,226 |
| Commitments and contingencies | ||
| Stockholders equity: | ||
| Common stock and paid-in capital shares authorized 24,000; outstanding 7,571 and 7,643 | 80,552 | 78,520 |
| Retained earnings | 34,566 | 24,150 |
| Accumulated other comprehensive income (loss) | 3,186 | (340) |
| Total stockholders equity | 118,304 | 102,330 |
| Total liabilities and stockholders' equity | 301,311 | 286,556 |
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2020 | |
| 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 |