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: 2019 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2019 10-K (Filed: Aug 1, 2019) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
June 30, 2019 | June 30, 2018 | June 30, 2017 | |
Operations | |||
Net income | $ 39,240 [1] | 16,571 [2] | 25,489 |
Adjustments to reconcile net income to net cash from operations: | |||
Depreciation, amortization, and other | 11,682 | 10,261 | 8,778 |
Stock-based compensation expense | 4,652 | 3,940 | 3,266 |
Net recognized gains on investments and derivatives | (792) | (2,212) | (2,073) |
Deferred income taxes | (6,463) | (5,143) | (829) |
Changes in operating assets and liabilities: | |||
Accounts receivable | (2,812) | (3,862) | (1,216) |
Inventories | 597 | (465) | 50 |
Other current assets | (1,718) | (952) | 1,028 |
Other long-term assets | (1,834) | (285) | (917) |
Accounts payable | 232 | 1,148 | 81 |
Unearned revenue | 4,462 | 5,922 | 3,820 |
Income taxes | 2,929 | 18,183 | 1,792 |
Other current liabilities | 1,419 | 798 | 356 |
Other long-term liabilities | 591 | (20) | (118) |
Net cash from operations | 52,185 | 43,884 | 39,507 |
Financing | |||
Repayments of short-term debt, maturities of 90 days or less, net | 0 | (7,324) | (4,963) |
Proceeds from issuance of debt | 0 | 7,183 | 44,344 |
Repayments of debt | (4,000) | (10,060) | (7,922) |
Common stock issued | 1,142 | 1,002 | 772 |
Common stock repurchased | (19,543) | (10,721) | (11,788) |
Common stock cash dividends paid | (13,811) | (12,699) | (11,845) |
Other, net | (675) | (971) | (190) |
Net cash from (used in) financing | (36,887) | (33,590) | 8,408 |
Investing | |||
Additions to property and equipment | (13,925) | (11,632) | (8,129) |
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (2,388) | (888) | (25,944) |
Purchases of investments | (57,697) | (137,380) | (176,905) |
Maturities of investments | 20,043 | 26,360 | 28,044 |
Sales of investments | 38,194 | 117,577 | 136,350 |
Securities lending payable | 0 | (98) | (197) |
Net cash used in investing | (15,773) | (6,061) | (46,781) |
Effect of foreign exchange rates on cash and cash equivalents | (115) | 50 | 19 |
Net change in cash and cash equivalents | (590) | 4,283 | 1,153 |
Cash and cash equivalents, beginning of period | 11,946 | 7,663 | |
Cash and cash equivalents, end of period | 11,356 | 11,946 | 7,663 |
[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. | |||
[2] Reflects the net charge (benefit) related to the enactment of the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018. |
External Links | |
MICROSOFT CORP (MSFT) Fiscal Year 2019 | |
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 |