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: 2016 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2016 10-K (Filed: July 28, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2016 | June 30, 2015 | June 30, 2014 | |
| Operations | |||
| Net income | $ 16,798 [1] | 12,193 [2] | 22,074 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Goodwill and asset impairments | 630 | 7,498 | 0 |
| Depreciation, amortization, and other | 6,622 | 5,957 | 5,212 |
| Stock-based compensation expense | 2,668 | 2,574 | 2,446 |
| Net recognized gains on investments and derivatives | (223) | (443) | (109) |
| Deferred income taxes | 332 | 224 | (331) |
| Deferral of unearned revenue | 57,072 | 45,072 | 44,325 |
| Recognition of unearned revenue | (48,498) | (44,920) | (41,739) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (530) | 1,456 | (1,120) |
| Inventories | 600 | (272) | (161) |
| Other current assets | (1,167) | 62 | (29) |
| Other long-term assets | (41) | 346 | (628) |
| Accounts payable | 88 | (1,054) | 473 |
| Other current liabilities | (260) | (624) | 1,075 |
| Other long-term liabilities | (766) | 1,599 | 1,014 |
| Net cash from operations | 33,325 | 29,668 | 32,502 |
| Financing | |||
| Proceeds from issuance of short-term debt, maturities of 90 days or less, net | 7,195 | 4,481 | 500 |
| Proceeds from issuance of debt | 13,884 | 10,680 | 10,350 |
| Repayments of debt | (2,796) | (1,500) | (3,888) |
| Common stock issued | 668 | 634 | 607 |
| Common stock repurchased | (15,969) | (14,443) | (7,316) |
| Common stock cash dividends paid | (11,006) | (9,882) | (8,879) |
| Other | (369) | 362 | (39) |
| Net cash used in financing | (8,393) | (9,668) | (8,665) |
| Investing | |||
| Additions to property and equipment | (8,343) | (5,944) | (5,485) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (1,393) | (3,723) | (5,937) |
| Purchases of investments | (129,758) | (98,729) | (72,690) |
| Maturities of investments | 22,054 | 15,013 | 5,272 |
| Sales of investments | 93,287 | 70,848 | 60,094 |
| Securities lending payable | 203 | (466) | (87) |
| Net cash used in investing | (23,950) | (23,001) | (18,833) |
| Effect of foreign exchange rates on cash and cash equivalents | (67) | (73) | (139) |
| Net change in cash and cash equivalents | 915 | (3,074) | 4,865 |
| Cash and cash equivalents, beginning of period | 5,595 | 8,669 | |
| Cash and cash equivalents, end of period | 6,510 | 5,595 | 8,669 |
| [1] Includes $630 million of asset impairment charges related to our phone business, and $480 million of restructuring charges associated with our 2016 restructuring plans, which together decreased net income and diluted EPS by $895 million and $0.11, respectively. | |||
| [2] Includes $7.5 billion of goodwill and asset impairment charges related to our phone business, and $2.5 billion of integration and restructuring expenses, primarily associated with our Phone Hardware Integration Plan and Phone Hardware Restructuring Plan, which together decreased net income and diluted EPS by $9.5 billion and $1.15, respectively. | |||
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2016 | |
| 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 |