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: 2017 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2017 10-K (Filed: Aug 2, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| Operations | |||
| Net income | $ 21,204 [1] | 16,798 [2] | 12,193 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Goodwill and asset impairments | 0 | 630 | 7,498 |
| Depreciation, amortization, and other | 8,778 | 6,622 | 5,957 |
| Stock-based compensation expense | 3,266 | 2,668 | 2,574 |
| Net recognized gains on investments and derivatives | (2,073) | (223) | (443) |
| Deferred income taxes | (3,296) | 332 | 224 |
| Deferral of unearned revenue | 67,711 | 57,072 | 45,072 |
| Recognition of unearned revenue | (57,735) | (48,498) | (44,920) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (925) | (530) | 1,456 |
| Inventories | 50 | 600 | (272) |
| Other current assets | 1,066 | (1,167) | 62 |
| Other long-term assets | (539) | (41) | 346 |
| Accounts payable | 81 | 88 | (1,054) |
| Other current liabilities | 386 | (260) | (624) |
| Other long-term liabilities | 1,533 | (766) | 1,599 |
| Net cash from operations | 39,507 | 33,325 | 29,668 |
| Financing | |||
| Proceeds from issuance (repayments) of short-term debt, maturities of 90 days or less, net | (4,963) | 7,195 | 4,481 |
| Proceeds from issuance of debt | 44,344 | 13,884 | 10,680 |
| Repayments of debt | (7,922) | (2,796) | (1,500) |
| Common stock issued | 772 | 668 | 634 |
| Common stock repurchased | (11,788) | (15,969) | (14,443) |
| Common stock cash dividends paid | (11,845) | (11,006) | (9,882) |
| Other, net | (190) | (369) | 362 |
| Net cash from (used in) financing | 8,408 | (8,393) | (9,668) |
| Investing | |||
| Additions to property and equipment | (8,129) | (8,343) | (5,944) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (25,944) | (1,393) | (3,723) |
| Purchases of investments | (176,905) | (129,758) | (98,729) |
| Maturities of investments | 28,044 | 22,054 | 15,013 |
| Sales of investments | 136,350 | 93,287 | 70,848 |
| Securities lending payable | (197) | 203 | (466) |
| Net cash used in investing | (46,781) | (23,950) | (23,001) |
| Effect of foreign exchange rates on cash and cash equivalents | 19 | (67) | (73) |
| Net change in cash and cash equivalents | 1,153 | 915 | (3,074) |
| Cash and cash equivalents, beginning of period | 6,510 | 5,595 | |
| Cash and cash equivalents, end of period | 7,663 | 6,510 | 5,595 |
| [1] Includes $306 million of employee severance expenses primarily related to our sales and marketing restructuring plan, which decreased operating income, net income, and diluted EPS by $306 million, $243 million, and $0.03, respectively. | |||
| [2] 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 operating income, net income, and diluted EPS by $1.1 billion, $895 million, and $0.11, respectively. | |||
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2017 | |
| 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 |