10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
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 Ended12 Months Ended12 Months Ended
 June 30, 2019June 30, 2018June 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 other11,68210,2618,778
Stock-based compensation expense4,6523,9403,266
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)
Inventories597(465)50
Other current assets(1,718)(952)1,028
Other long-term assets(1,834)(285)(917)
Accounts payable2321,14881
Unearned revenue4,4625,9223,820
Income taxes2,92918,1831,792
Other current liabilities1,419798356
Other long-term liabilities591(20)(118)
Net cash from operations52,18543,88439,507
 
Financing
Repayments of short-term debt, maturities of 90 days or less, net0(7,324)(4,963)
Proceeds from issuance of debt07,18344,344
Repayments of debt(4,000)(10,060)(7,922)
Common stock issued1,1421,002772
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 investments20,04326,36028,044
Sales of investments38,194117,577136,350
Securities lending payable0(98)(197)
Net cash used in investing(15,773)(6,061)(46,781)
 
Effect of foreign exchange rates on cash and cash equivalents(115)5019
Net change in cash and cash equivalents(590)4,2831,153
 
Cash and cash equivalents, beginning of period11,9467,663
Cash and cash equivalents, end of period11,35611,9467,663
 
[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