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 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2016 10-K (Filed: July 28, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2016 | June 30, 2015 | June 30, 2014 | |
| Revenue | |||
| Product | $ 61,502 | 75,956 | 72,948 |
| Service and other | 23,818 | 17,624 | 13,885 |
| Total revenue | 85,320 [1] | 93,580 | 86,833 |
| Cost of revenue | |||
| Product | 17,880 | 21,410 | 16,681 |
| Service and other | 14,900 | 11,628 | 10,397 |
| Total cost of revenue | 32,780 | 33,038 | 27,078 |
| Gross margin | 52,540 | 60,542 | 59,755 |
| Research and development | 11,988 | 12,046 | 11,381 |
| Sales and marketing | 14,697 | 15,713 | 15,811 |
| General and administrative | 4,563 | 4,611 | 4,677 |
| Impairment, integration, and restructuring | 1,110 | 10,011 | 127 |
| Operating income | 20,182 | 18,161 | 27,759 |
| Other income (expense), net | (431) | 346 | 61 |
| Income before income taxes | 19,751 | 18,507 | 27,820 |
| Provision for income taxes | 2,953 | 6,314 | 5,746 |
| Net income | 16,798 [2] | 12,193 [3] | 22,074 |
| Earnings per share: | |||
| Basic | 2.12 | 1.49 | 2.66 |
| Diluted | 2.10 | 1.48 | 2.63 |
| Weighted average shares outstanding: | |||
| Basic | 7,925 | 8,177 | 8,299 |
| Diluted | 8,013 | 8,254 | 8,399 |
| Cash dividends declared per common share | 1.44 | 1.24 | 1.12 |
| [1] Reflects the impact of the net revenue deferral from Windows 10 of $1.3 billion, $1.7 billion, $1.6 billion, and $2.0 billion, for the first, second, third, and fourth quarter of fiscal year 2016, respectively, and $6.6 billion for fiscal year 2016. | |||
| [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 net income and diluted EPS by $895 million and $0.11, respectively. | |||
| [3] 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 |