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: 2018 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2018 10-K (Filed: Aug 3, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2018 | June 30, 2017 | June 30, 2016 | |
| Revenue | $ 110,360 | 96,571 [1] | 91,154 |
| Cost of revenue | 38,353 | 34,261 | 32,780 |
| Gross margin | 72,007 | 62,310 | 58,374 |
| Research and development | 14,726 | 13,037 | 11,988 |
| Sales and marketing | 17,469 | 15,461 | 14,635 |
| General and administrative | 4,754 | 4,481 | 4,563 |
| Impairment and restructuring | 0 | 306 | 1,110 |
| Operating income | 35,058 | 29,025 [2] | 26,078 |
| Other income (expense), net | 1,416 | 876 | (439) |
| Income before income taxes | 36,474 | 29,901 | 25,639 |
| Provision for income taxes | 19,903 | 4,412 | 5,100 |
| Net income | 16,571 [3] | 25,489 | 20,539 |
| Earnings per share: | |||
| Basic | 2.15 | 3.29 | 2.59 |
| Diluted | 2.13 [4] | 3.25 | 2.56 |
| Weighted average shares outstanding: | |||
| Basic | 7,700 | 7,746 | 7,925 |
| Diluted | 7,794 | 7,832 | 8,013 |
| Cash dividends declared per common share | 1.68 | 1.56 | 1.44 |
| Product and Service | |||
| Product | |||
| Revenue | 64,497 | 63,811 | 67,336 |
| Cost of revenue | 15,420 | 15,175 | 17,880 |
| Service and Other | |||
| Revenue | 45,863 | 32,760 | 23,818 |
| Cost of revenue | 22,933 | 19,086 | 14,900 |
| [1] On December 8, 2016, we acquired LinkedIn Corporation. LinkedIn has been included in our consolidated results of operations starting on the acquisition date. | |||
| [2] 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 $0.04, respectively. | |||
| [3] Reflects the net charge (benefit) related to the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018. | |||
| [4] Reflects the net charge (benefit) related to the TCJA, which decreased (increased) diluted EPS $1.78 for the second quarter, $(0.01) for the fourth quarter, and $1.75 for fiscal year 2018. | |||
| External Links | |
| MICROSOFT CORP (MSFT) Fiscal Year 2018 | |
| 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 |