High Quality
Open the downloaded document, and select print from the file menu (PDF reader required).
Company NameTicker
Microsoft Corp
MSFT
3/15/2009
Financial Statement figures in $Mil
Fiscal Ending Date2008/062007/062006/062005/062004/062003/062002/062001/062000/061999/06Data Loaded2008-07-182007-07-202006-07-212005-07-222004-08-112003-07-182002-07-192001-07-192000-07-201999-07-21
2008200720062005200420032002200120001999
Revenues
Operating Revenue60,420.0$ 51,122.0$ 44,282.0$ 39,788.0$ 36,835.0$ 32,187.0$ 28,365.0$ 25,296.0$ 22,956.0$ 19,747.0$
Total Revenue
60,420.0$ 51,122.0$ 44,282.0$ 39,788.0$ 36,835.0$ 32,187.0$ 28,365.0$ 25,296.0$ 22,956.0$ 19,747.0$
Adjustments to Revenue-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Cost of Sales9,542.0$ 9,253.0$ 6,747.0$ 5,345.0$ 5,530.0$ 4,247.0$ 4,107.0$ 1,919.0$ 2,254.0$ 1,804.0$
Cost of Sales w/ Depreciation11,598.0$ 10,693.0$ 7,650.0$ 6,200.0$ 6,716.0$ 5,686.0$ 5,191.0$ 3,455.0$ 2,254.0$ 1,804.0$
COGS (%)19.2%20.9%17.3%15.6%18.2%17.7%18.3%13.7%9.8%9.1%
Gross Margin-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Gross Operating Profit50,878.0$ 41,869.0$ 37,535.0$ 34,443.0$ 31,305.0$ 27,940.0$ 24,258.0$ 23,377.0$ 20,702.0$ 17,943.0$
Gross Profit (%)0.0%81.9%84.8%86.6%85.0%86.8%85.5%92.4%90.2%90.9%
Operating Expense
R&D Expense8,164.0$ 7,121.0$ 6,584.0$ 6,184.0$ 7,779.0$ 4,659.0$ 4,307.0$ 4,379.0$ 3,775.0$ 2,970.0$
R&D (%)13.5%13.9%14.9%15.5%21.1%14.5%15.2%17.3%16.4%15.0%
SG&A Expense18,166.0$ 14,784.0$ 13,576.0$ 12,843.0$ 13,306.0$ 8,625.0$ 6,957.0$ 5,742.0$ 5,150.0$ 3,920.0$
SG&A (%)30.1%28.9%30.7%32.3%36.1%26.8%24.5%22.7%22.4%19.9%
Advertising-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Operating Income22,492.0$ 18,524.0$ 16,472.0$ 14,561.0$ 9,034.0$ 13,217.0$ 11,910.0$ 11,720.0$ -$ -$
Operating Income (%)37.2%36.2%37.2%36.6%24.5%41.1%42.0%46.3%0.0%0.0%
EBITDA24,548.0$ 19,964.0$ 17,375.0$ 15,416.0$ 10,220.0$ 14,656.0$ 12,994.0$ 13,256.0$ 11,777.0$ 11,053.0$
Depreciation2,056.0$ 1,440.0$ 903.0$ 855.0$ 1,186.0$ 1,439.0$ 1,084.0$ 1,536.0$ 748.0$ 1,010.0$
Depreciation Unrecognised-$ -$ -$ -$ -$ -$ -$ -$ 748.0$ 1,010.0$
Amortization-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Amortization of Intangibles-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Operating Profit after Depreciation22,492.0$ 18,524.0$ 16,472.0$ 14,561.0$ 9,034.0$ 13,217.0$ 11,910.0$ 11,720.0$ 11,029.0$ 10,043.0$
Other Income and Expense
Interest Income888.0$ 1,319.0$ -$ -$ -$ 1,697.0$ 1,762.0$ 1,808.0$ -$ -$
Other Income Net434.0$ 292.0$ 1,790.0$ 2,067.0$ 3,187.0$ (120.0)$ (2,067.0)$ (1,844.0)$ 3,090.0$ 1,688.0$
Other Special Charges-$ -$ -$ -$ -$ -$ -$ -$ 156.0$ 160.0$
Special Income Charges-$ -$ -$ -$ -$ -$ -$ -$ 156.0$ 160.0$
EBIT
23,814.0$ 20,101.0$ 18,262.0$ 16,628.0$ 12,196.0$ 14,726.0$ 11,513.0$ 11,525.0$ 14,275.0$ 11,891.0$
Interest Expense-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Pre-Tax Income23,814.0$ 20,101.0$ 18,262.0$ 16,628.0$ 12,196.0$ 14,726.0$ 11,513.0$ 11,525.0$ 14,275.0$ 11,891.0$
Income Taxes6,133.0$ 6,036.0$ 5,663.0$ 4,374.0$ 4,028.0$ 4,733.0$ 3,684.0$ 3,804.0$ 4,854.0$ 4,106.0$
Net Income: Cont. Operations
17,681.0$ 14,065.0$ 12,599.0$ 12,254.0$ 8,168.0$ 9,993.0$ 7,829.0$ 7,721.0$ 9,421.0$ 7,785.0$
Net Income: Disc Operations-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Other Gains/Losses-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Total Net Income17,681.0$ 14,065.0$ 12,599.0$ 12,254.0$ 8,168.0$ 9,993.0$ 7,829.0$ 7,346.0$ 9,421.0$ 7,785.0$
Total Net Income (%)29.3%27.5%28.5%30.8%22.2%31.0%27.6%29.0%41.0%39.4%
Dividends & EPS
Preferred Dividends-$ -$ -$ -$ -$ -$ -$ -$ 14.0$ 28.0$
Basic EPS1.9$ 1.4$ 1.2$ 1.1$ 0.8$ 0.9$ 0.7$ 0.7$ 0.9$ 0.8$
Diluted EPS: Total
1.9$ 1.4$ 1.2$ 1.1$ 0.8$ 0.9$ 0.7$ 0.7$ 0.9$ 0.7$
Diluted EPS: Dividends per Share0.4$ 0.4$ 0.3$ 3.4$ 0.2$ 0.1$ -$ -$ -$ -$
Shares Outstanding
Shares Out (Common Class Only)9,151.09,380.010,062.010,710.010,862.010,771.010,718.010,766.010,566.010,218.0Preferred Shares0.00.00.00.00.00.00.00.00.013.0Basic Weighted Shares9,328.09,742.010,438.010,839.010,803.010,723.010,812.010,682.010,378.010,056.0
Diluted Weighted Shares
9,470.09,886.010,531.010,906.010,894.010,882.011,106.011,148.011,072.010,964.0
Income Statement
Assets
Cash & Equivalents
10,339.0$ 6,111.0$ 6,714.0$ 4,851.0$ 15,982.0$ 6,438.0$ 3,016.0$ 3,922.0$ 4,846.0$ 4,975.0$
Restricted Cash-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Marketable Securities13,323.0$ 17,300.0$ 27,447.0$ 32,900.0$ 44,610.0$ 42,610.0$ 35,636.0$ 27,678.0$ 9,421.0$ 7,785.0$
Accounts Receivable13,589.0$ 11,338.0$ 9,316.0$ 7,180.0$ 5,890.0$ 5,196.0$ 5,129.0$ 3,671.0$ 3,250.0$ 2,245.0$
Other Receivable-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Receivables
13,589.0$ 11,338.0$ 9,316.0$ 7,180.0$ 5,890.0$ 5,196.0$ 5,129.0$ 3,671.0$ 3,250.0$ 2,245.0$
Inventories: Raw Materials
417.0$ 435.0$ 465.0$ 69.0$ 150.0$ 247.0$ 168.0$ -$ -$ -$
Inventories: Work in Progress
31.0$ 148.0$ -$ -$ -$ -$ -$ -$ -$ -$
Inventories: Purchased Components
-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Inventories: Finished Goods
537.0$ 544.0$ 1,013.0$ 422.0$ 271.0$ 393.0$ 505.0$ -$ -$ -$
Inventories: Other
-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Inventories -- Total
985.0$ 1,127.0$ 1,478.0$ 491.0$ 421.0$ 640.0$ 673.0$ -$ -$ -$
Prepaid Expenses-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Current Defered Income Taxes2,017.0$ 1,899.0$ 1,940.0$ 1,701.0$ 2,097.0$ 2,506.0$ 2,112.0$ 1,949.0$ -$ -$
Other Current Assets2,989.0$ 2,393.0$ 2,115.0$ 1,614.0$ 1,566.0$ 1,583.0$ 2,010.0$ 2,417.0$ 3,260.0$ 752.0$
Total Current Assets43,242.0$ 40,168.0$ 49,010.0$ 48,737.0$ 70,566.0$ 58,973.0$ 48,576.0$ 39,637.0$ 30,308.0$ 20,233.0$
Land And Improvements518.0$ 428.0$ 362.0$ 313.0$ 274.0$ 248.0$ 197.0$ 185.0$ -$ -$
Building And Improvements6,030.0$ 4,247.0$ 3,146.0$ 2,865.0$ 2,786.0$ 1,854.0$ 1,701.0$ 1,584.0$ -$ -$
Machinery, Furniture & Equipment5,996.0$ 4,691.0$ 3,715.0$ 3,197.0$ 3,429.0$ 2,464.0$ 2,621.0$ 2,431.0$ -$ -$
Construction in Progress-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Other Fixed Assets-$ -$ -$ -$ -$ 1,512.0$ 1,372.0$ 1,075.0$ -$ -$
Total Fixed Assets
12,544.0$ 9,366.0$ 7,223.0$ 6,375.0$ 6,489.0$ 6,078.0$ 5,891.0$ 5,275.0$ -$ -$
Accumulated Depreciation6,302.0$ 5,016.0$ 4,179.0$ 4,029.0$ 4,163.0$ 3,855.0$ 3,623.0$ 2,966.0$ 2,411.0$ 1,905.0$
Net Fixed Assets6,242.0$ 4,350.0$ 3,044.0$ 2,346.0$ 2,326.0$ 2,223.0$ 2,268.0$ 2,309.0$ 1,903.0$ 1,611.0$
Intangibles
1,973.0$ 878.0$ 539.0$ 3,808.0$ 3,684.0$ 3,512.0$ 1,669.0$ -$ -$ -$
Other Long-Term Assets8,279.0$ 11,626.0$ 10,527.0$ 12,303.0$ 13,984.0$ 14,863.0$ 15,133.0$ 17,311.0$ 19,939.0$ 15,312.0$
Total Lonng-Term Assets29,551.0$ 23,003.0$ 20,587.0$ 22,078.0$ 21,823.0$ 20,598.0$ 19,070.0$ 19,620.0$ 21,842.0$ 16,923.0$
Total Assets72,793.0$ 63,171.0$ 69,597.0$ 70,815.0$ 92,389.0$ 79,571.0$ 67,646.0$ 59,257.0$ 52,150.0$ 37,156.0$
Liabilities & Equity
Accounts Payable4,034.0$ 3,247.0$ 2,909.0$ 2,086.0$ 1,717.0$ 1,573.0$ 1,208.0$ 1,188.0$ 1,083.0$ 874.0$
Notes Payable-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Short-Term Debt-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Accrued Expenses-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Accrued Liabilities2,934.0$ 2,325.0$ 1,938.0$ 1,662.0$ 1,339.0$ 1,416.0$ 1,145.0$ 742.0$ -$ -$
Deferred Revenues13,397.0$ 10,779.0$ 9,138.0$ 7,502.0$ 6,514.0$ 7,225.0$ 5,920.0$ 5,614.0$ -$ -$
Current Deferred Income Taxes-$ -$ 1,557.0$ -$ -$ -$ -$ -$ -$ -$
Other Current Liabilities9,521.0$ 23,003.0$ 6,900.0$ 5,627.0$ 5,399.0$ 3,760.0$ 4,471.0$ 3,588.0$ 8,672.0$ 7,844.0$
Total Current Liabilities
29,886.0$ 23,754.0$ 22,442.0$ 16,877.0$ 14,969.0$ 13,974.0$ 12,744.0$ 11,132.0$ 9,755.0$ 8,718.0$
Long-Term Debt1,900.0$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Capital Lease Obligations-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Deferred Income Taxes-$ -$ -$ -$ -$ 1,731.0$ 398.0$ 836.0$ 1,027.0$ -$
Other Non-Current Liabilities4,721.0$ 8,320.0$ 7,051.0$ 5,823.0$ 2,595.0$ 2,846.0$ 2,324.0$ -$ -$ -$
Total Non-Current Liabilities6,621.0$ 8,320.0$ 7,051.0$ 5,823.0$ 2,595.0$ 4,577.0$ 2,722.0$ 836.0$ 1,027.0$ -$
Total Liabilities
36,507.0$ 32,074.0$ 29,493.0$ 22,700.0$ 17,564.0$ 18,551.0$ 15,466.0$ 11,968.0$ 10,782.0$ 8,718.0$
Preferred Stock Equity-$ -$ -$ -$ -$ -$ -$ -$ -$ 980.0$
Common Stock Equity36,286.0$ 31,097.0$ 40,104.0$ 48,115.0$ 74,825.0$ 61,020.0$ 52,180.0$ 47,289.0$ 41,368.0$ 27,458.0$
Retained Earnings(26,563.0)$ (31,114.0)$ (20,130.0)$ (12,298.0)$ 18,429.0$ 25,676.0$ 20,533.0$ 18,899.0$ 18,173.0$ 13,614.0$
Total Capitalization/Invested Capital
38,186.0$ 31,097.0$ 40,104.0$ 48,115.0$ 74,825.0$ 61,020.0$ 52,180.0$ 47,289.0$ 41,368.0$ 28,438.0$
Total Equity
36,286.0$ 31,097.0$ 40,104.0$ 48,115.0$ 74,825.0$ 61,020.0$ 52,180.0$ 47,289.0$ 41,368.0$ 28,438.0$
Total Liabilities & Stock Equity72,793.0$ 63,171.0$ 69,597.0$ 70,815.0$ 92,389.0$ 79,571.0$ 67,646.0$ 59,257.0$ 52,150.0$ 37,156.0$
Working Capital13,356.0$ 16,414.0$ 26,568.0$ 31,860.0$ 55,597.0$ 44,999.0$ 35,832.0$ 28,505.0$ 20,553.0$ 11,515.0$
Invested Capital38,186.0$ 31,097.0$ 40,104.0$ 48,115.0$ 74,825.0$ 61,020.0$ 52,180.0$ 47,289.0$ 41,368.0$ 28,438.0$
Cash Flow19,737.0$ 15,505.0$ 13,502.0$ 13,109.0$ 9,354.0$ 11,432.0$ 8,913.0$ 9,257.0$ 10,155.0$ 8,767.0$
Balance Sheet
Operating Activities
Net Income/Loss17,681.0$ 14,065.0$ 12,599.0$ 12,254.0$ 8,168.0$ 9,993.0$ 7,829.0$ 7,346.0$ 9,421.0$ 7,785.0$
Depreciation2,056.0$ 1,440.0$ 903.0$ 855.0$ 1,186.0$ 1,439.0$ 1,084.0$ 1,536.0$ 748.0$ 1,010.0$
Amortization-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Amortization of Intangibles-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Deferred Income Taxes935.0$ 421.0$ 219.0$ (179.0)$ (1,479.0)$ 336.0$ (416.0)$ (420.0)$ -$ -$
Operating Gains(572.0)$ (292.0)$ 1,454.0$ 3,501.0$ 4,788.0$ 1,756.0$ 4,020.0$ 4,662.0$ 5,379.0$ (160.0)$
Extraordinary Gains-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Change in Receivables(1,569.0)$ (1,764.0)$ (2,071.0)$ (1,243.0)$ (687.0)$ 187.0$ (1,623.0)$ (418.0)$ (944.0)$ (687.0)$
Change in Inventories-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Change in Prepaid Expenses-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Change in Other Current Assets153.0$ 232.0$ (1,405.0)$ (245.0)$ 478.0$ 412.0$ (264.0)$ (482.0)$ (775.0)$ (235.0)$
Change in Payables-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Change in Other Current Liabilities(748.0)$ (552.0)$ (145.0)$ 396.0$ 2,063.0$ 35.0$ 1,449.0$ 927.0$ 132.0$ 2,317.0$
Change in Other Working Capital(271.0)$ 1,123.0$ 1,224.0$ -$ 109.0$ 1,639.0$ 2,430.0$ 271.0$ -$ -$
Other Non-Cash Items3,947.0$ 3,123.0$ 1,626.0$ 1,266.0$ -$ -$ -$ -$ -$ -$
Net Cash From Cont Operations21,612.0$ 17,796.0$ 14,404.0$ 16,605.0$ 14,626.0$ 15,797.0$ 14,509.0$ 13,422.0$ 13,961.0$ 10,030.0$
Net Cash From Disc Operations-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Net Cash From Operations21,612.0$ 17,796.0$ 14,404.0$ 16,605.0$ 14,626.0$ 15,797.0$ 14,509.0$ 13,422.0$ 13,961.0$ 10,030.0$
Investing Activities
Sale of Property, Plant & Equipment-$ -$ -$ -$ -$ -$ -$ -$ -$ 79.0$
Sale of Long-Term Investments2,597.0$ 4,736.0$ 3,877.0$ -$ -$ -$ -$ -$ -$ -$
Sale of Short-Term Investments25,132.0$ 41,451.0$ 54,353.0$ 84,091.0$ 90,863.0$ 84,362.0$ 79,311.0$ 58,715.0$ 32,110.0$ 25,754.0$
Purchase of PPE(3,182.0)$ (2,264.0)$ (1,578.0)$ (812.0)$ (1,109.0)$ (891.0)$ (770.0)$ (1,103.0)$ (879.0)$ (583.0)$
Acquisitions(8,053.0)$ (1,150.0)$ (649.0)$ (207.0)$ (4.0)$ (1,063.0)$ -$ -$ -$ -$
Purchase of Long-Term Investments-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Purchase of Short-Term Investments(20,954.0)$ (36,308.0)$ (51,117.0)$ (68,045.0)$ (92,495.0)$ (89,621.0)$ (89,386.0)$ (66,346.0)$ (43,158.0)$ (36,441.0)$
Other Investing Changes, Net(127.0)$ (376.0)$ 3,117.0$ -$ -$ -$ -$ -$ -$ -$
Cash From Disc Investing Activities-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Net Cash From Investing Activities(4,587.0)$ 6,089.0$ 8,003.0$ 15,027.0$ (2,745.0)$ (7,213.0)$ (10,845.0)$ (8,734.0)$ (11,927.0)$ (11,191.0)$
Financing Activities
Issuance of Debt-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Issuance of Capital Stock3,494.0$ 6,782.0$ 2,101.0$ 3,109.0$ 2,748.0$ 2,120.0$ 1,497.0$ 1,620.0$ 2,717.0$ 2,116.0$
Repayment of Long-Term Debt-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Repurchase of Capital Stock(12,533.0)$ (27,575.0)$ (19,207.0)$ (8,057.0)$ (3,383.0)$ (6,486.0)$ (6,069.0)$ (7,441.0)$ (4,896.0)$ (2,950.0)$
Payment of Cash Dividends(4,015.0)$ (3,805.0)$ (3,545.0)$ (36,112.0)$ (1,729.0)$ (857.0)$ -$ -$ (13.0)$ (28.0)$
Other Financing Charges, Net120.0$ 54.0$ 89.0$ (18.0)$ -$ -$ -$ 235.0$ -$ 3,107.0$
Cash From Disc Financing Activities-$ -$ -$ -$ -$ -$ -$ -$ -$ -$
Net Cash From Financing Activities(12,934.0)$ (24,544.0)$ (20,562.0)$ (41,078.0)$ (2,364.0)$ (5,223.0)$ (4,572.0)$ (5,586.0)$ (2,192.0)$ 2,245.0$
Net Cash Flow
Effect Exchange Rate Changes137.0$ 56.0$ 18.0$ (7.0)$ 27.0$ 61.0$ 2.0$ (26.0)$ 29.0$ 52.0$
Net Change in Cash & Equivalents4,228.0$ (603.0)$ 1,863.0$ (9,453.0)$ 9,544.0$ 3,422.0$ (906.0)$ (924.0)$ (129.0)$ 1,136.0$
Cash At Beginning of Period6,111.0$ 6,714.0$ 4,851.0$ 14,304.0$ 6,438.0$ 3,016.0$ 3,922.0$ 4,846.0$ 4,975.0$ 3,839.0$
Cash End of Period10,339.0$ 6,111.0$ 6,714.0$ 4,851.0$ 15,982.0$ 6,438.0$ 3,016.0$ 3,922.0$ 4,846.0$ 4,975.0$
Foreign Sales24,492.0$ 19,776.0$ 14,552.0$ 12,839.0$ 25,046.0$ 10,100.0$ 7,500.0$ 7,500.0$ 7,300.0$ 5,900.0$
Domestic Sales35,928.0$ 31,346.0$ 29,730.0$ 26,949.0$ 11,789.0$ 22,100.0$ 20,900.0$ 17,800.0$ 15,700.0$ 13,700.0$
Free Cash Flow
Cash From Operations21,612.0$ 17,796.0$ 14,404.0$ 16,605.0$ 14,626.0$ 15,797.0$ 14,509.0$ 13,422.0$ 13,961.0$ 10,030.0$
Capex: Purchase of PPE(3,182.0)$ (2,264.0)$ (1,578.0)$ (812.0)$ (1,109.0)$ (891.0)$ (770.0)$ (1,103.0)$ (879.0)$ (583.0)$
Capex: Acquisitions(8,053.0)$ (1,150.0)$ (649.0)$ (207.0)$ (4.0)$ (1,063.0)$ -$ -$ -$ -$
Cash from Others6,938.0$ 4,984.0$ 2,748.0$ 1,942.0$ (293.0)$ 1,775.0$ 668.0$ 1,116.0$ 748.0$ 1,010.0$
Free Cash Flow11,492.0$ 10,548.0$ 10,078.0$ 13,851.0$ 13,224.0$ 13,131.0$ 13,071.0$ 11,203.0$ 12,334.0$ 8,437.0$
Cash Flow Statement
Add a Comment