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: 2020 | |||
CASH FLOWS STATEMENTS | |||
Period Ending June 30, 2020 10-K (Filed: July 31, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2020 | June 30, 2019 | June 30, 2018 | |
| Operations | |||
| Net income | $ 44,281 | 39,240 [1] | 16,571 |
| Adjustments to reconcile net income to net cash from operations: | |||
| Depreciation, amortization, and other | 12,796 | 11,682 | 10,261 |
| Stock-based compensation expense | 5,289 | 4,652 | 3,940 |
| Net recognized gains on investments and derivatives | (219) | (792) | (2,212) |
| Deferred income taxes | 11 | (6,463) | (5,143) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (2,577) | (2,812) | (3,862) |
| Inventories | 168 | 597 | (465) |
| Other current assets | (2,330) | (1,718) | (952) |
| Other long-term assets | (1,037) | (1,834) | (285) |
| Accounts payable | 3,018 | 232 | 1,148 |
| Unearned revenue | 2,212 | 4,462 | 5,922 |
| Income taxes | (3,631) | 2,929 | 18,183 |
| Other current liabilities | 1,346 | 1,419 | 798 |
| Other long-term liabilities | 1,348 | 591 | (20) |
| Net cash from operations | 60,675 | 52,185 | 43,884 |
| Financing | |||
| Repayments of short-term debt, maturities of 90 days or less, net | 0 | 0 | (7,324) |
| Proceeds from issuance of debt | 0 | 0 | 7,183 |
| Cash premium on debt exchange | (3,417) | 0 | 0 |
| Repayments of debt | (5,518) | (4,000) | (10,060) |
| Common stock issued | 1,343 | 1,142 | 1,002 |
| Common stock repurchased | (22,968) | (19,543) | (10,721) |
| Common stock cash dividends paid | (15,137) | (13,811) | (12,699) |
| Other, net | (334) | (675) | (971) |
| Net cash used in financing | (46,031) | (36,887) | (33,590) |
| Investing | |||
| Additions to property and equipment | (15,441) | (13,925) | (11,632) |
| Acquisition of companies, net of cash acquired, and purchases of intangible and other assets | (2,521) | (2,388) | (888) |
| Purchases of investments | (77,190) | (57,697) | (137,380) |
| Maturities of investments | 66,449 | 20,043 | 26,360 |
| Sales of investments | 17,721 | 38,194 | 117,577 |
| Other, net | (1,241) | 0 | (98) |
| Net cash used in investing | (12,223) | (15,773) | (6,061) |
| Effect of foreign exchange rates on cash and cash equivalents | (201) | (115) | 50 |
| Net change in cash and cash equivalents | 2,220 | (590) | 4,283 |
| Cash and cash equivalents, beginning of period | 11,356 | 11,946 | |
| Cash and cash equivalents, end of period | 13,576 | 11,356 | 11,946 |
| [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. | |||
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2020 | |
| 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 |