FinancialStatementFY13Q1

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					Microsoft Financial Data - FY13 Q1
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Current Financial Statements                    Trended Historical Financial Statements
Income Statements                               Quarterly Income Statements
Comprehensive Income Statements                 Segment History
Balance Sheets                                  Unearned Revenue
Cash Flows                                      Yearly Income Statements
Segment Revenue & Operating Income
MICROSOFT CORPORATION

                                    INCOME STATEMENTS
                          (In millions, except per share amounts)
                                                                      Three Months Ended
                                                                            September 30,
                                                                       2012         2011
Revenue                                                      $      16,008     $ 17,372
Cost of revenue                                                      4,168         3,777
   Gross profit                                                     11,840        13,595
Operating expenses:
   Research and development                                          2,460         2,329
   Sales and marketing                                               2,945         2,900
   General and administrative                                        1,127         1,163
    Total operating expenses                                         6,532         6,392
Operating income                                                     5,308         7,203
Other income                                                           226           103
Income before income taxes                                           5,534         7,306
Provision for income taxes                                           1,068         1,568
Net income                                                   $       4,466    $    5,738

Earnings per share:
   Basic                                                     $        0.53    $     0.68
   Diluted                                                   $        0.53    $     0.68
Weighted average shares outstanding:
   Basic                                                             8,396         8,392
   Diluted                                                           8,494         8,490
Cash dividends declared per common
   share                                                     $        0.23    $     0.20
Back to Main
MICROSOFT CORPORATION

                          COMPREHENSIVE INCOME STATEMENTS
                                    (In millions)
                                                              Three Months Ended
                                                                    September 30,
                                                               2012         2011
Net income                                               $   4,466     $   5,738
Other comprehensive income (loss):
 Net unrealized gains (losses) on derivatives (net of
   tax effects of $(24), and $86)                              (45)          160
 Net unrealized gains (losses) on investments (net of
   tax effects of $148, and $(619))                           274         (1,149)
 Translation adjustments and other (net of tax effects
   of $91, and $(66))                                          169          (123)
   Other comprehensive income (loss)                           398        (1,112)
Comprehensive income                                     $   4,864    $    4,626
Back to Main
MICROSOFT CORPORATION

                                       BALANCE SHEETS
                                         (In millions)

                                                             September 30,       June 30,
                                                                     2012           2012
Assets

Current assets:
  Cash and cash equivalents                              $          5,036    $     6,938
  Short-term investments (including securities
    loaned of $400 and $785)                                       61,608         56,102
    Total cash, cash equivalents, and short-term
      investments                                                  66,644         63,040
  Accounts receivable, net of allowance for doubtful
    accounts of $265 and $389                                       9,871         15,780
  Inventories                                                       1,624          1,137
  Deferred income taxes                                             2,052          2,035
  Other                                                             3,860          3,092
    Total current assets                                           84,051         85,084
Property and equipment, net of accumulated
  depreciation of $11,401 and $10,962                               8,329        8,269
Equity and other investments                                       10,038        9,776
Goodwill                                                           14,466       13,452
Intangible assets, net                                              3,423        3,170
Other long-term assets                                              1,569        1,520
         Total assets                                    $        121,876    $ 121,271

Liabilities and stockholders' equity
Current liabilities:
 Accounts payable                                        $          3,631    $     4,175
 Current portion of long-term debt                                  2,236          1,231
 Accrued compensation                                               2,666          3,875
 Income taxes                                                         847            789
 Short-term unearned revenue                                       18,295         18,653
 Securities lending payable                                           415            814
 Other                                                              3,312          3,151
   Total current liabilities                                       31,402         32,688
Long-term debt                                                      9,714         10,713
Long-term unearned revenue                                          1,292          1,406
Deferred income taxes                                               2,209          1,893
Other long-term liabilities                                         8,423          8,208
  Total liabilities                                                53,040         54,908
Commitments and contingencies
Stockholders' equity:
 Common stock and paid-in capital - shares
  authorized 24,000; outstanding 8,422 and 8,381                   66,084         65,797
 Retained earnings (deficit)                                          932           (856)
Accumulated other comprehensive income                 1,820       1,422
 Total stockholders' equity                           68,836      66,363
    Total liabilities and stockholders' equity   $   121,876   $ 121,271
Back to Main
MICROSOFT CORPORATION

                               CASH FLOW STATEMENTS
                                     (In millions)

                                                            Three Months Ended
                                                                  September 30,
                                                             2012         2011
Operations
Net income                                            $    4,466     $    5,738
Adjustments to reconcile net income
 to net cash from operations:
 Depreciation, amortization, and
   other                                                     710            726
 Stock-based compensation
   expense                                                   603            558
 Net recognized losses (gains) on
   investments and derivatives                                11             (30)
 Excess tax benefits from
   stock-based compensation                                  (177)           (70)
 Deferred income taxes                                         38            402
 Deferral of unearned revenue                               8,209          6,139
 Recognition of unearned revenue                           (8,770)        (7,653)
 Changes in operating assets and
   liabilities:
   Accounts receivable                                      6,156         4,733
   Inventories                                               (473)         (920)
   Other current assets                                      (385)          260
   Other long-term assets                                    (233)          (75)
   Accounts payable                                          (567)         (442)
   Other current liabilities                               (1,287)         (993)
   Other long-term liabilities                                183           120
      Net cash from operations                              8,484         8,493
Financing
Common stock issued                                           417            336
Common stock repurchased                                   (1,632)        (1,934)
Common stock cash dividends paid                           (1,676)        (1,341)
Excess tax benefits from stock-based compensation             177             70
      Net cash used in financing                           (2,714)        (2,869)
Investing
Additions to property and equipment                         (603)          (436)
Acquisition of companies, net of
 cash acquired, and purchases of
 intangible and other assets                               (1,145)          (875)
Purchases of investments                                  (20,138)       (11,299)
Maturities of investments                                   1,259          2,825
Sales of investments                                       13,307          7,536
Securities lending payable                                   (399)           (66)
      Net cash used in investing                           (7,719)        (2,315)
Effect of exchange rates on cash
 and cash equivalents                      47            (38)
Net change in cash and cash
 equivalents                            (1,902)        3,271
Cash and cash equivalents,
 beginning of period                    6,938          9,610
Cash and cash equivalents, end of
 period                             $   5,036     $   12,881
Back to Main
MICROSOFT CORPORATION

                   SEGMENT REVENUE AND OPERATING INCOME (LOSS)
                                   (In millions)

                                                            Three Months Ended
                                                                  September 30,
                                                             2012         2011
Revenue
Windows & Windows Live Division                     $      3,244    $    4,874
Server and Tools                                           4,552         4,216
Online Services Division                                     697           641
Microsoft Business Division                                5,502         5,635
Entertainment and Devices Division                         1,946         1,961
Unallocated and other                                         67            45
 Consolidated                                       $     16,008    $   17,372

Operating income (loss)
Windows & Windows Live Division                     $      1,646    $     3,270
Server and Tools                                           1,748          1,565
Online Services Division                                    (364)          (514)
Microsoft Business Division                                3,646          3,717
Entertainment and Devices Division                            19            340
Corporate-level activity                                  (1,387)        (1,175)
 Consolidated                                       $      5,308    $     7,203
Back to Main
Microsoft Corporation                                              Back to Main
Quarterly Income Statements
(In millions, except earnings per share)

                                                                     Q4-921  Q1-931  Q2-931  Q3-931 Q4-931   Q1-941 Q2-941  Q3-941
Revenue                                                            $   821 $   824 $   945 $   969 $ 1,048 $   996 $ 1,146 $ 1,261
Cost of revenue                                                        177     168     191     202     224     228     260     284
    Gross profit                                                       644     656     754     767     824     768     886     977
Operating expenses:
      Research and development 4                                        102        105        111         116        138        134        150        156
      Sales and marketing                                               221        237        288         283        278        256        279        300
     General and administrative 5                                         25         25         29          30         35         35         42         41
     Goodwill impairment                                                   0          0          0           0          0          0          0          0
     Other expenses (income)                                               3          1         (2)          2          6          4          2          4
          Total operating expenses                                      351        368        426         431        457        429        473         501
Operating income                                                        293        288        328         336        367        339        413         476
Other income (expense)                                                    16         19         19          21         23         23         25         26
Noncontinuing items                                                        0          0          0           0          0          0          0       (120)
Income before income taxes                                              309        307        347         357        390        362        438         382
Provision for income taxes                                                99         98       111         114        125        123        149         126
Income (loss) before accounting change                                  210        209        236         243        265        239        289         256
Cumulative effect of accounting change                                     0          0          0           0          0          0          0          0
Net income (loss)                                                  $    210    $   209    $   236     $   243    $   265    $   239    $   289    $    256
Preferred stock dividends                                                  0          0          0           0          0          0          0          0
Net income (loss) available for common shareholders                $    210    $   209    $   236     $   243    $   265    $   239    $   289    $    256
Basic earnings (loss) per share before accounting change           $    0.02   $   0.02   $   0.03    $   0.03   $   0.03   $   0.03   $   0.03   $   0.03
Diluted earnings (loss) per share before accounting change         $    0.02   $   0.02   $   0.02    $   0.02   $   0.03   $   0.02   $   0.03   $   0.03
Basic earnings (loss) per share                                    $    0.02   $   0.02   $   0.03    $   0.03   $   0.03   $   0.03   $   0.03   $   0.03
Diluted earnings (loss) per share                                  $    0.02   $   0.02   $   0.02    $   0.02   $   0.03   $   0.02   $   0.03   $   0.03

  1
      Not restated for adoption of the current accounting guidance on stock-based compensation and no recast of gains (losses) on foreign currency remeasurement
  2
      Recast of gains (losses) on foreign currency remeasurement
  3
      No recast of gains (losses) on foreign currency remeasurement
  4
      Includes expensed acquired in-process technology
  5
      Includes employee severance
            Q4-941  Q1-951  Q2-951  Q3-951  Q4-951  Q1-961  Q2-961  Q3-961  Q4-961  Q1-971  Q2-971  Q3-971  Q4-971  Q1-981
           $ 1,311 $ 1,270 $ 1,516 $ 1,627 $ 1,662 $ 2,085 $ 2,287 $ 2,311 $ 2,367 $ 2,405 $ 2,808 $ 3,365 $ 3,358 $ 3,334
               305     284     331     355     376     522     566     541     516     482     558     583     547     534
             1,006     986   1,185   1,272   1,286   1,563   1,721   1,770   1,851   1,923   2,250   2,782   2,811   2,800

                170       178        199        219        264         278        305         337          406         417         449          474          523          899
                300       320        404        436        404         514        554         572          545         518         639          639          615          692
                 48         51         62         68         86          63         76          87           90          86          81          101           94           95
                  0          0          0          0          0           0          0           0            0           0           0            0            0            0
                  6          2          5          5          4           4        (23)         (4)          42          49          46           84           80            0
               524        551        670        728        758         859        912         992         1,083       1,070       1,215        1,298        1,312        1,686
               482        435        515        544        528         704        809         778           768         853       1,035        1,484        1,499        1,114
                 28         36         42         48         65          66         76          86           92          92         105          119          127           88
                 30          0          0          0        (46)          0          0           0            0           0           0            0            0            0
               540        471        557        592        547         770        885         864           860         945       1,140        1,603        1,626        1,202
               178        155        184        196        179         271        310         302           301         331         399          561          569          539
               362        316        373        396        368         499        575         562           559         614         741        1,042        1,057          663
                  0          0          0          0          0           0          0           0            0           0           0            0            0            0
           $   362    $   316    $   373    $   396    $   368     $   499    $   575     $   562     $     559   $     614   $     741    $   1,042    $   1,057    $     663
                  0          0          0          0          0           0          0           0            0           0          (1)          (7)          (7)          (7)
           $   362    $   316    $   373    $   396    $   368     $   499    $   575     $   562     $     559   $     614   $     740    $   1,035    $   1,050    $     656
           $   0.04   $   0.03   $   0.04   $   0.04   $   0.04    $   0.05   $   0.06    $   0.06    $    0.06   $    0.06   $    0.08    $    0.11    $    0.11    $    0.07
           $   0.04   $   0.03   $   0.04   $   0.04   $   0.04    $   0.05   $   0.06    $   0.05    $    0.05   $    0.06   $    0.07    $    0.10    $    0.10    $    0.06
           $   0.04   $   0.03   $   0.04   $   0.04   $   0.04    $   0.05   $   0.06    $   0.06    $    0.06   $    0.06   $    0.08    $    0.11    $    0.11    $    0.07
           $   0.04   $   0.03   $   0.04   $   0.04   $   0.04    $   0.05   $   0.06    $   0.05    $    0.05   $    0.06   $    0.07    $    0.10    $    0.10    $    0.06


rency remeasurement
 Q2-981  Q3-981  Q4-981  Q1-991  Q2-991  Q3-991  Q4-991  Q1-001  Q2-001  Q3-001  Q4-001  Q1-011  Q2-011  Q3-011
$ 3,792 $ 3,984 $ 4,152 $ 4,193 $ 5,195 $ 4,595 $ 5,764 $ 5,384 $ 6,112 $ 5,656 $ 5,804 $ 5,766 $ 6,550 $ 6,403
    613     640     673     649     788     708     669     712     756     752     782     825     864     899
  3,179   3,344   3,479   3,544   4,407   3,887   5,095   4,672   5,356   4,904   5,022   4,941   5,686   5,504

     648          611          739          651          715          664          940          813           898          974       1,087         956          990       1,069
     764          731          700          685          798          842          913          922         1,013        1,010       1,181       1,038        1,290       1,198
      106          104          128          101          154          152          308          148          514          185         203         170          212         239
        0            0            0            0            0            0            0            0            0            0           0           0            0           0
        0            0            0            0            0            0            0            0            0            0           0           0            0           0
    1,518        1,446        1,567        1,437        1,667        1,658        2,161        1,883        2,425        2,169       2,471       2,164        2,492       2,506
    1,661        1,898        1,912        2,107        2,740        2,229        2,934        2,789        2,931        2,735       2,551       2,777        3,194       2,998
      109          159          176          396          311          720          454          531          760          878       1,100       1,075          723         660
        0            0            0            0            0            0            0            0            0            0           0           0            0           0
    1,770        2,057        2,088        2,503        3,051        2,949        3,388        3,320        3,691        3,613       3,651       3,852        3,917       3,658
      637          720          731          820        1,068        1,032        1,186        1,129        1,255        1,228       1,242       1,271        1,293       1,207
    1,133        1,337        1,357        1,683        1,983        1,917        2,202        2,191        2,436        2,385       2,409       2,581        2,624       2,451
        0            0            0            0            0            0            0            0            0            0           0        (375)           0           0
$   1,133    $   1,337    $   1,357    $   1,683    $   1,983    $   1,917    $   2,202    $   2,191    $   2,436    $   2,385   $   2,409   $   2,206    $   2,624   $   2,451
       (7)          (7)          (7)          (7)          (7)          (7)          (7)          (7)          (6)           0           0           0            0           0
$   1,126    $   1,330    $   1,350    $   1,676    $   1,976    $   1,910    $   2,195    $   2,184    $   2,430    $   2,385   $   2,409   $   2,206    $   2,624   $   2,451
$    0.12    $    0.14    $    0.14    $    0.17    $    0.20    $    0.19    $    0.22    $    0.21    $    0.24    $    0.23   $    0.23   $    0.24    $    0.25   $    0.23
$    0.11    $    0.12    $    0.13    $    0.15    $    0.18    $    0.17    $    0.20    $    0.20    $    0.22    $    0.22   $    0.22   $    0.23    $    0.24   $    0.22
$    0.12    $    0.14    $    0.14    $    0.17    $    0.20    $    0.19    $    0.22    $    0.21    $    0.24    $    0.23   $    0.23   $    0.21    $    0.25   $    0.23
$    0.11    $    0.12    $    0.13    $    0.15    $    0.18    $    0.17    $    0.20    $    0.20    $    0.22    $    0.22   $    0.22   $    0.20    $    0.24   $    0.22
 Q4-011  Q1-023  Q2-023  Q3-023  Q4-023  Q1-033  Q2-033  Q3-033  Q4-033  Q1-043   Q2-043  Q3-043  Q4-043  Q1-053
$ 6,577 $ 6,126 $ 7,741 $ 7,245 $ 7,253 $ 7,746 $ 8,541 $ 7,835 $ 8,065 $ 8,215 $ 10,153 $ 9,175 $ 9,292 $ 9,189
    867     978   1,691   1,567   1,463   1,344   2,137   1,274   1,304   1,480    2,344   1,411   1,481   1,405
  5,710   5,148   6,050   5,678   5,790   6,402   6,404   6,561   6,761   6,735    7,809   7,764   7,811   7,784

    1,364         1,398         1,595       1,474       1,832        1,707       1,515       1,692       1,681       1,611       2,971       1,538       1,659       1,530
    1,359         1,457         1,676       1,449       1,670        1,415       2,159       1,700       2,288       1,505       2,467       1,928       2,409       1,664
       236           286          885         343         329          252         497         425       1,252         471         896       3,020         610       1,096
         0             0            0           0           0            0           0           0           0           0           0           0           0           0
         0             0            0           0           0            0           0           0           0           0           0           0           0           0
     2,959         3,141        4,156       3,266       3,831        3,374       4,171       3,817       5,221       3,587       6,334       6,486       4,678       4,290
     2,751         2,007        1,894       2,412       1,959        3,028       2,233       2,744       1,540       3,148       1,475       1,278       3,133       3,494
    (2,653)       (1,010)         516         728        (631)          19         363         453         674         753         837       1,001         571         279
         0             0            0           0           0            0           0           0           0           0           0           0           0           0
        98           997        2,410       3,140       1,328        3,047       2,596       3,197       2,214       3,901       2,312       2,279       3,704       3,773
        33           319          771       1,005         425        1,006         731       1,055         731       1,287         763         964       1,014       1,245
        65           678        1,639       2,135         903        2,041       1,865       2,142       1,483       2,614       1,549       1,315       2,690       2,528
         0             0            0           0           0            0           0           0           0           0           0           0           0           0
$       65    $      678    $   1,639   $   2,135   $     903    $   2,041   $   1,865   $   2,142   $   1,483   $   2,614   $   1,549   $   1,315   $   2,690   $   2,528
         0             0            0           0           0            0           0           0           0           0           0           0           0           0
$       65    $      678    $   1,639   $   2,135   $     903    $   2,041   $   1,865   $   2,142   $   1,483   $   2,614   $   1,549   $   1,315   $   2,690   $   2,528
$     0.01    $     0.06    $    0.15   $    0.20   $    0.08    $    0.19   $    0.17   $    0.20   $    0.14   $    0.24   $    0.14   $    0.12   $    0.25   $    0.23
$     0.01    $     0.06    $    0.15   $    0.19   $    0.08    $    0.19   $    0.17   $    0.20   $    0.14   $    0.24   $    0.14   $    0.12   $    0.25   $    0.23
$     0.01    $     0.06    $    0.15   $    0.20   $    0.08    $    0.19   $    0.17   $    0.20   $    0.14   $    0.24   $    0.14   $    0.12   $    0.25   $    0.23
$     0.01    $     0.06    $    0.15   $    0.19   $    0.08    $    0.19   $    0.17   $    0.20   $    0.14   $    0.24   $    0.14   $    0.12   $    0.25   $    0.23
  Q2-053  Q3-053   Q4-053  Q1-063   Q2-063   Q3-063   Q4-063   Q1-072   Q2-072   Q3-072   Q4-072   Q1-082   Q2-082   Q3-082
$ 10,818 $ 9,620 $ 10,161 $ 9,741 $ 11,837 $ 10,900 $ 11,804 $ 10,811 $ 12,542 $ 14,398 $ 13,371 $ 13,762 $ 16,367 $ 14,454
   1,875   1,363    1,388   1,253    2,239    2,028    2,130    1,696    3,620    2,140    3,237    2,675    3,543    2,514
   8,943   8,257    8,773   8,488    9,598    8,872    9,674    9,115    8,922   12,258   10,134   11,087   12,824   11,940

    1,421       1,482       1,664       1,515       1,591       1,617       1,861       1,786       1,637       1,750       1,948       1,837       1,885       2,035
    2,122       2,070       2,707       1,945       2,689       2,362       2,822       2,234       3,038       2,914       3,355       2,683       3,420       3,274
      651       1,376       1,413         982         661       1,005       1,110         664         814         983         868         718       1,066       2,341
        0           0           0           0           0           0           0           0           0           0           0           0           0           0
        0           0           0           0           0           0           0           0           0           0           0           0           0           0
    4,194       4,928       5,784       4,442       4,941       4,984       5,793       4,684       5,489       5,647       6,171       5,238       6,371       7,650
    4,749       3,329       2,989       4,046       4,657       3,888       3,881       4,431       3,433       6,611       3,963       5,849       6,453       4,290
      420         496         872         506         480         427         377         610         372         360         321         367         367         520
        0           0           0           0           0           0           0           0           0           0           0           0           0           0
    5,169       3,825       3,861       4,552       5,137       4,315       4,258       5,041       3,805       6,971       4,284       6,216       6,820       4,810
    1,706       1,262         161       1,411       1,484       1,338       1,430       1,563       1,179       2,045       1,249       1,927       2,113         422
    3,463       2,563       3,700       3,141       3,653       2,977       2,828       3,478       2,626       4,926       3,035       4,289       4,707       4,388
        0           0           0           0           0           0           0           0           0           0           0           0           0           0
$   3,463   $   2,563   $   3,700   $   3,141   $   3,653   $   2,977   $   2,828   $   3,478   $   2,626   $   4,926   $   3,035   $   4,289   $   4,707   $   4,388
        0           0           0           0           0           0           0           0           0           0           0           0           0           0
$   3,463   $   2,563   $   3,700   $   3,141   $   3,653   $   2,977   $   2,828   $   3,478   $   2,626   $   4,926   $   3,035   $   4,289   $   4,707   $   4,388
$    0.32   $    0.24   $    0.34   $    0.29   $    0.35   $    0.29   $    0.28   $    0.35   $    0.27   $    0.51   $    0.32   $    0.46   $    0.50   $    0.47
$    0.32   $    0.23   $    0.34   $    0.29   $    0.34   $    0.29   $    0.28   $    0.35   $    0.26   $    0.50   $    0.31   $    0.45   $    0.50   $    0.47
$    0.32   $    0.24   $    0.34   $    0.29   $    0.35   $    0.29   $    0.28   $    0.35   $    0.27   $    0.51   $    0.32   $    0.46   $    0.50   $    0.47
$    0.32   $    0.23   $    0.34   $    0.29   $    0.34   $    0.29   $    0.28   $    0.35   $    0.26   $    0.50   $    0.31   $    0.45   $    0.50   $    0.47
  Q4-082    Q1-09    Q2-09    Q3-09    Q4-09    Q1-10    Q2-10    Q3-10    Q4-10    Q1-11    Q2-11    Q3-11    Q4-11    Q1-12
$ 15,837 $ 15,061 $ 16,629 $ 13,648 $ 13,099 $ 12,920 $ 19,022 $ 14,503 $ 16,039 $ 16,195 $ 19,953 $ 16,428 $ 17,367 $ 17,372
   2,866    2,848    3,907    2,814    2,586    2,842    3,628    2,755    3,170    3,139    4,833    3,897    3,708    3,777
  12,971   12,213   12,722   10,834   10,513   10,078   15,394   11,748   12,869   13,056   15,120   12,531   13,659   13,595

    2,407       2,283        2,290        2,212        2,225       2,065       2,079       2,220       2,350       2,196       2,185       2,269       2,393       2,329
    3,883       3,044        3,662        2,981        3,192       2,790       3,619       3,203       3,602       2,806       3,825       3,393       3,916       2,900
    1,002         887          831        1,203        1,109         741       1,183       1,152         987         938         945       1,160       1,179       1,163
        0           0            0            0            0           0           0           0           0           0           0           0           0           0
        0           0            0            0            0           0           0           0           0           0           0           0           0           0
    7,292       6,214        6,783        6,396        6,526       5,596       6,881       6,575       6,939       5,940       6,955       6,822       7,488       6,392
    5,679       5,999        5,939        4,438        3,987       4,482       8,513       5,173       5,930       7,116       8,165       5,709       6,171       7,203
      289          (8)        (301)        (388)         155         283         370         168          94         114         332         316         148         103
        0           0            0            0            0           0           0           0           0           0           0           0           0           0
    5,968       5,991        5,638        4,050        4,142       4,765       8,883       5,341       6,024       7,230       8,497       6,025       6,319       7,306
    1,671       1,618        1,464        1,073        1,097       1,191       2,221       1,335       1,506       1,820       1,863         793         445       1,568
    4,297       4,373        4,174        2,977        3,045       3,574       6,662       4,006       4,518       5,410       6,634       5,232       5,874       5,738
        0           0            0            0            0           0           0           0           0           0           0           0           0           0
$   4,297   $   4,373    $   4,174    $   2,977    $   3,045   $   3,574   $   6,662   $   4,006   $   4,518   $   5,410   $   6,634   $   5,232   $   5,874   $   5,738
        0           0            0            0            0           0           0           0           0           0           0           0           0           0
$   4,297   $   4,373    $   4,174    $   2,977    $   3,045   $   3,574   $   6,662   $   4,006   $   4,518   $   5,410   $   6,634   $   5,232   $   5,874   $   5,738
$    0.46   $    0.48    $    0.47    $    0.33    $    0.34   $    0.40   $    0.75   $    0.46   $    0.52   $    0.63   $    0.78   $    0.62   $    0.70   $    0.68
$    0.46   $    0.48    $    0.47    $    0.33    $    0.34   $    0.40   $    0.74   $    0.45   $    0.51   $    0.62   $    0.77   $    0.61   $    0.69   $    0.68
$    0.46   $    0.48    $    0.47    $    0.33    $    0.34   $    0.40   $    0.75   $    0.46   $    0.52   $    0.63   $    0.78   $    0.62   $    0.70   $    0.68
$    0.46   $    0.48    $    0.47    $    0.33    $    0.34   $    0.40   $    0.74   $    0.45   $    0.51   $    0.62   $    0.77   $    0.61   $    0.69   $    0.68
     Q2-12       Q3-12        Q4-12         Q1-13
$   20,885 $    17,407 $     18,059 $      16,008
     5,638       3,952        4,163         4,168
    15,247      13,455       13,896        11,840

    2,371       2,517         2,594         2,460
    3,762       3,414         3,781         2,945
    1,120       1,150         1,136         1,127
        0           0         6,193             0
        0           0             0             0
    7,253       7,081        13,704         6,532
    7,994       6,374           192         5,308
      245         (11)          167           226
        0           0             0             0
    8,239       6,363           359         5,534
    1,615       1,255           851         1,068
    6,624       5,108          (492)        4,466
        0           0             0             0
$   6,624   $   5,108    $     (492)   $    4,466
        0           0             0             0
$   6,624   $   5,108    $     (492)   $    4,466
$    0.79   $    0.61    $    (0.06)   $     0.53
$    0.78   $    0.60    $    (0.06)   $     0.53
$    0.79   $    0.61    $    (0.06)   $     0.53
$    0.78   $    0.60    $    (0.06)   $     0.53
Microsoft Corporation                                     Back to Main
Segment Revenue and Operating Income (Loss)
(In millions)

                                                                                   Fiscal Year
Revenue                                   Q1-12      Q2-12      Q3-12      Q4-12         2012
Windows & Windows Live Division      $    4,874 $    4,741 $    4,632 $    4,152 $     18,399
Server and Tools                          4,216      4,737      4,531      5,050       18,534
Online Services Division                    641        785        707        735        2,868
Microsoft Business Division               5,635      6,310      5,842      6,324       24,111
Entertainment and Devices Division        1,961      4,237      1,617      1,780        9,595
Unallocated and other                        45         75         78         18          216
 Consolidated                        $   17,372 $   20,885 $   17,407 $   18,059 $     73,723



                                                                                   Fiscal Year
Operating Income (Loss)                  Q1-12      Q2-12      Q3-12      Q4-12          2012
Windows & Windows Live Division      $    3,270 $    2,870 $    2,971 $    2,415 $     11,526
Server and Tools                          1,565      1,962      1,694      2,048        7,269
Online Services Division                   (514)      (458)      (479)    (6,673)      (8,124)
Microsoft Business Division               3,717      4,186      3,794      4,126       15,823
Entertainment and Devices Division          340        514       (231)      (253)         370
Corporate-level activity                 (1,175)    (1,080)    (1,375)    (1,471)      (5,101)
 Consolidated                        $    7,203 $    7,994 $    6,374 $      192 $     21,763
                                             Fiscal Year
     Q1-13     Q2-13    Q3-13    Q4-13             2013
$    3,244                               $        3,244
     4,552                                        4,552
       697                                          697
     5,502                                        5,502
     1,946                                        1,946
        67                                           67
$   16,008 $      - $      - $      - $          16,008



                                             Fiscal Year
    Q1-13      Q2-13    Q3-13    Q4-13             2013
$    1,646                               $        1,646
     1,748                                        1,748
      (364)                                        (364)
     3,646                                        3,646
        19                                           19
    (1,387)                                      (1,387)
$    5,308 $      - $      - $      - $           5,308
Unearned Revenue                        Back to Main

                                             Q4-061        Q1-07         Q2-07        Q3-07        Q4-07

Unearned Revenue ($ in millions)
Windows & Windows Live Division          $    2,851 $       2,804 $      3,953 $      2,684 $       2,875
Server and Tools                              2,910         2,648        2,702        2,825         3,652
Microsoft Business Division                   4,783         4,301        4,863        4,341         5,771
Other                                           358           344          343          433           348
Total                                    $   10,902 $      10,097 $     11,861 $     10,283 $      12,646

Unearned Revenue (in %)
Windows & Windows Live Division                 26%          28%           33%          26%          23%
Server and Tools                                27%          26%           23%          28%          29%
Microsoft Business Division                     44%          43%           41%          42%          45%
Other                                            3%           3%            3%           4%           3%
Total                                          100%         100%          100%         100%         100%

 1
     FY '06 amounts have been restated for FY '07 business segments.
 2
     FY '11 amounts have been recast for the FY '12 movement of Forefront Protection for Office from Server and Tools to the Mic
                 Q1-08         Q2-08         Q3-08          Q4-08      Q1-09      Q2-09      Q3-09      Q4-09



            $     2,673 $      2,620 $       2,524 $         2,738 $    2,402 $    2,178 $    2,015 $    2,345
                  3,449        3,746         3,890           5,007      4,424      4,303      4,104      4,732
                  5,080        5,359         5,253           7,101      6,204      6,077      5,593      6,508
                    370          453           472             451        447        508        600        699
            $    11,572 $     12,178 $      12,139 $        15,297 $   13,477 $   13,066 $   12,312 $   14,284



                   23%           22%           21%            18%        18%        17%        16%        16%
                   30%           31%           32%            33%        33%        33%        33%        33%
                   44%           43%           43%            46%        46%        46%        46%        46%
                    3%            4%            4%             3%         3%         4%         5%         5%
                  100%          100%          100%           100%       100%       100%       100%       100%



from Server and Tools to the Microsoft Business Division.
    Q1-10      Q2-10      Q3-10      Q4-10      Q1-112     Q2-112     Q3-112     Q4-112



$    3,638 $    1,736 $    1,498 $    1,701 $    1,570 $    1,467 $    1,370 $    1,782
     4,424      4,227      4,242      5,282      4,812      4,785      4,706      6,315
     5,920      5,680      5,657      7,004      6,748      6,324      6,013      8,187
       786        885        863        843        789        841        930        836
$   14,768 $   12,528 $   12,260 $   14,830 $   13,919 $   13,417 $   13,019 $   17,120



      25%        14%        12%        11%        11%        11%        11%        10%
      30%        34%        35%        36%        35%        36%        36%        37%
      40%        45%        46%        47%        48%        47%        46%        48%
       5%         7%         7%         6%         6%         6%         7%         5%
     100%       100%       100%       100%       100%       100%       100%       100%
    Q1-12      Q2-12      Q3-12      Q4-12     Q1-13



$    1,628 $    1,525 $    1,453 $    2,444 $ 3,439
     5,720      5,612      5,743      7,445    6,654
     7,428      7,085      6,694      9,015    8,266
       882      1,112      1,301      1,155    1,228
$   15,658 $   15,334 $   15,191 $   20,059 $ 19,587



      10%        10%        10%        12%       18%
      37%        37%        38%        37%       34%
      47%        46%        44%        45%       42%
       6%         7%         8%         6%        6%
     100%       100%       100%       100%      100%
Microsoft Corporation                                      Back to Main
Yearly Income Statements
(In millions, except earnings per share)
                                                               FY931       FY941        FY951        FY961
Revenue                                                    $   3,786 $     4,714 $      6,075 $      9,050
Cost of revenue                                                  785       1,077        1,346        2,145
    Gross profit                                               3,001       3,637        4,729        6,905
Operating expenses:
      Research and development 4                                 470         610          860        1,326
      Sales and marketing                                      1,086       1,135        1,564        2,185
     General and administrative 5                                119         166          267          316
     Goodwill impairment                                           0           0            0            0
     Other expenses                                                7          16           16           19
          Total operating expenses                             1,682       1,927        2,707        3,846
Operating income                                               1,319       1,710        2,022        3,059
Other income (expense)                                            82         102          191          320
Noncontinuing items                                                0         (90)         (46)           0
Income before income taxes                                     1,401       1,722        2,167        3,379
Provision for income taxes                                       448         576          714        1,184
Net income before accounting change                              953       1,146        1,453        2,195
Cummulative effect of accounting change                            0           0            0            0
Net Income                                                       953       1,146        1,453        2,195
Preferred stock dividends                                          0           0            0            0
Net income available for common shareholders               $     953   $   1,146    $   1,453    $   2,195
Basic earnings per share before accounting change          $    0.11   $    0.13    $    0.16    $    0.23
Diluted earnings per share before accounting change        $    0.10   $    0.12    $    0.14    $    0.21
Basic earnings per share                                   $    0.11   $    0.13    $    0.16    $    0.23
Diluted earnings per share                                 $    0.10   $    0.12    $    0.14    $    0.21

  1
      Not restated for adoption of the current accounting guidance on stock-based compensation and no recast of gains (losses)
  2
      Recast of gains (losses) on foreign currency remeasurement
  3
      No recast of gains (losses) on foreign currency remeasurement
  4
      Includes expensed acquired in-process technology
  5
      Includes employee severance
               FY971          FY981        FY991         FY001         FY011         FY023         FY033        FY042
            $ 11,936 $       15,262 $     19,747 $      22,956 $      25,296 $      28,365 $      32,187 $     36,835
               2,170          2,460        2,814         3,002         3,455         5,699         6,059        6,596
               9,766         12,802       16,933        19,954        21,841        22,666        26,128       30,239

                1,863        2,897         2,970         3,772         4,379         6,299         6,595        7,735
                2,411        2,887         3,238         4,126         4,885         6,252         7,562        8,121
                  362          433           715         1,050           857         1,843         2,426        5,275
                    0            0             0             0             0             0             0            0
                  259            0             0             0             0             0             0            0
                4,895        6,217         6,923         8,948        10,121        14,394        16,583       21,131
                4,871        6,585        10,010        11,006        11,720         8,272         9,545        9,108
                  443          532         1,881         3,269          (195)         (397)        1,509        3,088
                    0            0             0             0             0             0             0            0
                5,314        7,117        11,891        14,275        11,525         7,875        11,054       12,196
                1,860        2,627         4,106         4,854         3,804         2,520         3,523        4,028
                3,454        4,490         7,785         9,421         7,721         5,355         7,531        8,168
                    0            0             0             0          (375)            0             0            0
                3,454        4,490         7,785         9,421         7,346         5,355         7,531        8,168
                  (15)         (28)          (28)          (13)            0             0             0            0
            $   3,439    $   4,462    $    7,757    $    9,408    $    7,346    $    5,355    $    7,531   $    8,168
            $    0.36    $    0.46    $     0.77    $     0.91    $     0.72    $     0.50    $     0.70   $     0.76
            $    0.33    $    0.42    $     0.71    $     0.85    $     0.69    $     0.48    $     0.69   $     0.75
            $    0.36    $    0.46    $     0.77    $     0.91    $     0.69    $     0.50    $     0.70   $     0.76
            $    0.33    $    0.42    $     0.71    $     0.85    $     0.66    $     0.48    $     0.69   $     0.75

on and no recast of gains (losses) on foreign currency remeasurement
     FY052        FY062        FY072        FY082         FY09          FY10         FY11         FY12
$   39,788 $     44,282 $     51,122 $     60,420 $     58,437 $      62,484 $     69,943 $     73,723
     6,031        7,650       10,693       11,598       12,155        12,395       15,577       17,530
    33,757       36,632       40,429       48,822       46,282        50,089       54,366       56,193

     6,097        6,584        7,121        8,164        9,010         8,714        9,043        9,811
     8,548        9,910       11,541       13,260       12,879        13,214       13,940       13,857
     4,536        3,758        3,329        5,127        4,030         4,063        4,222        4,569
         0            0            0            0            0             0            0        6,193
         0            0            0            0            0             0            0            0
    19,181       20,252       21,991       26,551       25,919        25,991       27,205       34,430
    14,576       16,380       18,438       22,271       20,363        24,098       27,161       21,763
     2,052        1,882        1,663        1,543         (542)          915          910          504
         0            0            0            0            0             0            0            0
    16,628       18,262       20,101       23,814       19,821        25,013       28,071       22,267
     4,374        5,663        6,036        6,133        5,252         6,253        4,921        5,289
    12,254       12,599       14,065       17,681       14,569        18,760       23,150       16,978
         0            0            0            0            0             0            0            0
    12,254       12,599       14,065       17,681       14,569        18,760       23,150       16,978
         0            0            0            0            0             0            0            0
$   12,254   $   12,599   $   14,065   $   17,681   $   14,569    $   18,760   $   23,150   $   16,978
$     1.13   $     1.21   $     1.44   $     1.90   $     1.63    $     2.13   $     2.73   $     2.02
$     1.12   $     1.20   $     1.42   $     1.87   $     1.62    $     2.10   $     2.69   $     2.00
$     1.13   $     1.21   $     1.44   $     1.90   $     1.63    $     2.13   $     2.73   $     2.02
$     1.12   $     1.20   $     1.42   $     1.87   $     1.62    $     2.10   $     2.69   $     2.00

				
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