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: 2014 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2014 10-K (Filed: July 31, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2014 | June 30, 2013 | June 30, 2012 | |
| Operations | |||
| Net income | $ 22,074 [1] | 21,863 [2] | 16,978 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Goodwill impairment | 0 | 0 | 6,193 |
| Depreciation, amortization, and other | 5,212 | 3,755 | 2,967 |
| Stock-based compensation expense | 2,446 | 2,406 | 2,244 |
| Net recognized losses (gains) on investments and derivatives | (109) | 80 | (200) |
| Excess tax benefits from stock-based compensation | (271) | (209) | (93) |
| Deferred income taxes | (331) | (19) | 954 |
| Deferral of unearned revenue | 44,325 | 44,253 | 36,104 |
| Recognition of unearned revenue | (41,739) | (41,921) | (33,347) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (1,120) | (1,807) | (1,156) |
| Inventories | (161) | (802) | 184 |
| Other current assets | (29) | (129) | 493 |
| Other long-term assets | (628) | (478) | (248) |
| Accounts payable | 473 | 537 | (31) |
| Other current liabilities | 1,075 | 146 | 410 |
| Other long-term liabilities | 1,014 | 1,158 | 174 |
| Net cash from operations | 32,231 | 28,833 | 31,626 |
| Financing | |||
| Proceeds from issuance of short-term debt, maturities of 90 days or less, net | 500 | 0 | 0 |
| Proceeds from issuance of debt | 10,350 | 4,883 | 0 |
| Repayments of debt | (3,888) | (1,346) | 0 |
| Common stock issued | 607 | 931 | 1,913 |
| Common stock repurchased | (7,316) | (5,360) | (5,029) |
| Common stock cash dividends paid | (8,879) | (7,455) | (6,385) |
| Excess tax benefits from stock-based compensation | 271 | 209 | 93 |
| Other | (39) | (10) | 0 |
| Net cash used in financing | (8,394) | (8,148) | (9,408) |
| Investing | |||
| Additions to property and equipment | (5,485) | (4,257) | (2,305) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (5,937) | (1,584) | (10,112) |
| Purchases of investments | (72,690) | (75,396) | (57,250) |
| Maturities of investments | 5,272 | 5,130 | 15,575 |
| Sales of investments | 60,094 | 52,464 | 29,700 |
| Securities lending payable | (87) | (168) | (394) |
| Net cash used in investing | (18,833) | (23,811) | (24,786) |
| Effect of exchange rates on cash and cash equivalents | (139) | (8) | (104) |
| Net change in cash and cash equivalents | 4,865 | (3,134) | (2,672) |
| Cash and cash equivalents, beginning of period | 3,804 | 6,938 | |
| Cash and cash equivalents, end of period | 8,669 | 3,804 | 6,938 |
| [1] Includes a tax provision adjustment recorded in the fourth quarter of fiscal year 2014 related to adjustments to prior years' liabilities for intercompany transfer pricing which decreased net income by $458 million and diluted earnings per share by $0.05. | |||
| [2] 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 2014 | |
| 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 |