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: 2019 | |||
INCOME STATEMENTS | |||
Period Ending June 30, 2019 10-K (Filed: Aug 1, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| June 30, 2019 | June 30, 2018 | June 30, 2017 | |
| Revenue | $ 125,843 | 110,360 | 96,571 |
| Cost of revenue | 42,910 | 38,353 | 34,261 |
| Gross margin | 82,933 | 72,007 | 62,310 |
| Research and development | 16,876 | 14,726 | 13,037 |
| Sales and marketing | 18,213 | 17,469 | 15,461 |
| General and administrative | 4,885 | 4,754 | 4,481 |
| Restructuring | 0 | 0 | 306 |
| Operating income | 42,959 | 35,058 | 29,025 |
| Other income, net | 729 | 1,416 | 876 |
| Income before income taxes | 43,688 | 36,474 | 29,901 |
| Provision for income taxes | 4,448 | 19,903 | 4,412 |
| Net income | 39,240 [1] | 16,571 [2] | 25,489 |
| Earnings per share: | |||
| Basic | 5.11 | 2.15 | 3.29 |
| Diluted | 5.06 [3] | 2.13 [4] | 3.25 |
| Weighted average shares outstanding: | |||
| Basic | 7,673 | 7,700 | 7,746 |
| Diluted | 7,753 | 7,794 | 7,832 |
| Product and Service | |||
| Product | |||
| Revenue | 66,069 | 64,497 | 63,811 |
| Cost of revenue | 16,273 | 15,420 | 15,175 |
| Service and Other | |||
| Revenue | 59,774 | 45,863 | 32,760 |
| Cost of revenue | 26,637 | 22,933 | 19,086 |
| [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. | |||
| [3] Reflects the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers, which decreased (increased) diluted EPS $0.02 for the second quarter, $(0.34) for the fourth quarter, and $(0.31) for fiscal year 2019. | |||
| [4] Reflects the net charge (benefit) related to the enactment of 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 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 |