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Microsoft Financial Data - FY13 Q1
This file contains downloadable content that corresponds to Microsoft's Investor Relations portal
at http://www.microsoft.com/investor. Click a link below to navigate to that section of the
workbook. Each sheet contains a link back to this main page.
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
