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 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2017 10-K (Filed: Aug 2, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2017 | June 30, 2016 | June 30, 2015 | |
| Revenue | |||
| Product | $ 57,190 | 61,502 | 75,956 |
| Service and other | 32,760 | 23,818 | 17,624 |
| Total revenue | 89,950 [1] | 85,320 [2] | 93,580 |
| Cost of revenue | |||
| Product | 15,175 | 17,880 | 21,410 |
| Service and other | 19,086 | 14,900 | 11,628 |
| Total cost of revenue | 34,261 | 32,780 | 33,038 |
| Gross margin | 55,689 | 52,540 | 60,542 |
| Research and development | 13,037 | 11,988 | 12,046 |
| Sales and marketing | 15,539 | 14,697 | 15,713 |
| General and administrative | 4,481 | 4,563 | 4,611 |
| Impairment, integration, and restructuring | 306 | 1,110 | 10,011 |
| Operating income | 22,326 | 20,182 | 18,161 |
| Other income (expense), net | 823 | (431) | 346 |
| Income before income taxes | 23,149 | 19,751 | 18,507 |
| Provision for income taxes | 1,945 | 2,953 | 6,314 |
| Net income | 21,204 [3] | 16,798 [4] | 12,193 |
| Earnings per share: | |||
| Basic | 2.74 | 2.12 | 1.49 |
| Diluted | 2.71 | 2.10 | 1.48 |
| Weighted average shares outstanding: | |||
| Basic | 7,746 | 7,925 | 8,177 |
| Diluted | 7,832 | 8,013 | 8,254 |
| Cash dividends declared per common share | 1.56 | 1.44 | 1.24 |
| [1] On December 8, 2016, we acquired LinkedIn Corporation. LinkedIn has been included in our consolidated results of operations starting on the acquisition date. | Reflects the impact of the net revenue deferral from Windows 10 of $1.9 billion, $2.0 billion, $1.5 billion, and $1.4 billion, for the first, second, third, and fourth quarter of fiscal year 2017, respectively, and $6.7 billion for fiscal year 2017. | |||
| [2] 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. | |||
| [3] 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. | |||
| [4] 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 |