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: 2013 | |||
Cash Flows Statements | |||
Period Ending June 30, 2013 10-K (Filed: July 30, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2013 | June 30, 2012 | June 30, 2011 | |
| Operations | |||
| Net income | $ 21,863 [1] | 16,978 | 23,150 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Goodwill impairment | 0 | 6,193 | 0 |
| Depreciation, amortization, and other | 3,755 | 2,967 | 2,766 |
| Stock-based compensation expense | 2,406 | 2,244 | 2,166 |
| Net recognized losses (gains) on investments and derivatives | 80 | (200) | (362) |
| Excess tax benefits from stock-based compensation | (209) | (93) | (17) |
| Deferred income taxes | (19) | 954 | 2 |
| Deferral of unearned revenue | 44,253 | 36,104 | 31,227 |
| Recognition of unearned revenue | (41,921) | (33,347) | (28,935) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (1,807) | (1,156) | (1,451) |
| Inventories | (802) | 184 | (561) |
| Other current assets | (129) | 493 | (1,259) |
| Other long-term assets | (478) | (248) | 62 |
| Accounts payable | 537 | (31) | 58 |
| Other current liabilities | 146 | 410 | (1,146) |
| Other long-term liabilities | 1,158 | 174 | 1,294 |
| Net cash from operations | 28,833 | 31,626 | 26,994 |
| Financing | |||
| Short-term debt repayments, maturities of 90 days or less, net | 0 | 0 | (186) |
| Proceeds from issuance of debt | 4,883 | 0 | 6,960 |
| Repayments of debt | (1,346) | 0 | (814) |
| Common stock issued | 931 | 1,913 | 2,422 |
| Common stock repurchased | (5,360) | (5,029) | (11,555) |
| Common stock cash dividends paid | (7,455) | (6,385) | (5,180) |
| Excess tax benefits from stock-based compensation | 209 | 93 | 17 |
| Other | (10) | 0 | (40) |
| Net cash used in financing | (8,148) | (9,408) | (8,376) |
| Investing | |||
| Additions to property and equipment | (4,257) | (2,305) | (2,355) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (1,584) | (10,112) | (71) |
| Purchases of investments | (75,396) | (57,250) | (35,993) |
| Maturities of investments | 5,130 | 15,575 | 6,897 |
| Sales of investments | 52,464 | 29,700 | 15,880 |
| Securities lending payable | (168) | (394) | 1,026 |
| Net cash used in investing | (23,811) | (24,786) | (14,616) |
| Effect of exchange rates on cash and cash equivalents | (8) | (104) | 103 |
| Net change in cash and cash equivalents | (3,134) | (2,672) | 4,105 |
| Cash and cash equivalents, beginning of period | 6,938 | 9,610 | |
| Cash and cash equivalents, end of period | 3,804 | 6,938 | 9,610 |
| [1] Includes a charge related to a fine imposed by the European Commission in March 2013 which decreased net income by $733 million (561 million) and diluted earnings per share by $0.09. Also includes a charge for Surface RT inventory adjustments recorded in the fourth quarter of fiscal year 2013, which decreased net income by $596 million and diluted earnings per share by $0.07. | |||
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2013 | |
| 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 |