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					Microsoft Financial Data - FY14 Q1

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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 & Gross Margin
MICROSOFT CORPORATION

                                 INCOME STATEMENTS
                       (In millions, except per share amounts)

                                                                 Three Months Ended
                                                                       September 30,
                                                                    2013         2012
Revenue                                                 $        18,529    $   16,008
Cost of revenue                                                   5,114         4,168
    Gross margin                                                 13,415        11,840
Operating expenses:
    Research and development                                      2,767         2,460
    Sales and marketing                                           3,304         2,945
    General and administrative                                    1,010         1,127
     Total operating expenses                                     7,081         6,532
Operating income                                                  6,334         5,308
Other income                                                         74           226
Income before income taxes                                        6,408         5,534
Provision for income taxes                                        1,164         1,068
Net income                                              $         5,244    $    4,466

Earnings per share:
   Basic                                                $          0.63    $     0.53
   Diluted                                              $          0.62    $     0.53
Weighted average shares outstanding:
   Basic                                                          8,339         8,396
   Diluted                                                        8,434         8,494
Cash dividends declared per common
share                                                   $          0.28    $     0.23
MICROSOFT CORPORATION

                       COMPREHENSIVE INCOME STATEMENTS
                                  (In millions)

                                                              Three Months Ended
                                                                    September 30,
                                                               2013         2012
Net income                                                $   5,244    $   4,466
Other comprehensive income:
  Net unrealized losses on derivatives (net of
tax effects of $(3) and $(24))                                  (26)         (45)
  Net unrealized gains on investments (net of
tax effects of $492 and $148)                                   952         274
  Translation adjustments and other (net of tax effects
of $33 and $91)                                                  62         169
     Other comprehensive income                                 988         398
Comprehensive income                                      $   6,232    $   4,864
MICROSOFT CORPORATION

                                   BALANCE SHEETS
                                     (In millions)

                                                       September 30,        June 30,
                                                                 2013          2013
Assets

Current assets:
  Cash and cash equivalents                            $      4,023     $     3,804
  Short-term investments (including securities
loaned of $484 and $579)                                     76,649          73,218
    Total cash, cash equivalents, and short-term
investments                                                  80,672          77,022
  Accounts receivable, net of allowance for doubtful
accounts of $294 and $336                                    11,007          17,486
  Inventories                                                 2,613           1,938
  Deferred income taxes                                       1,258           1,632
  Other                                                       3,900           3,388
    Total current assets                                     99,450         101,466
Property and equipment, net of accumulated
depreciation of $13,038 and $12,513                          10,774           9,991
Equity and other investments                                 11,995          10,844
Goodwill                                                     14,667          14,655
Intangible assets, net                                        2,982           3,083
Other long-term assets                                        2,480           2,392
           Total assets                                $    142,348     $   142,431

Liabilities and stockholders' equity
Current liabilities:
 Accounts payable                                      $      4,841     $     4,828
 Short-term debt                                              1,300               0
 Current portion of long-term debt                            2,000           2,999
 Accrued compensation                                         2,856           4,117
 Income taxes                                                   834             592
 Short-term unearned revenue                                 18,585          20,639
 Securities lending payable                                     582             645
 Other                                                        3,625           3,597
   Total current liabilities                                 34,623          37,417
Long-term debt                                               12,632          12,601
Long-term unearned revenue                                    1,629           1,760
Deferred income taxes                                         2,236           1,709
Other long-term liabilities                                   9,587          10,000
   Total liabilities                                         60,707          63,487
Commitments and contingencies
Stockholders' equity:
 Common stock and paid-in capital - shares
authorized 24,000; outstanding 8,346 and 8,328           67,230        67,306
 Retained earnings                                       11,680         9,895
 Accumulated other comprehensive income                    2,731         1,743
  Total stockholders' equity                             81,641        78,944
        Total liabilities and stockholders' equity   $   142,348   $   142,431
MICROSOFT CORPORATION

                            CASH FLOW STATEMENTS
                                  (In millions)

                                                       Three Months Ended
                                                             September 30,
                                                         2013         2012
Operations
Net income                                         $   5,244     $   4,466
Adjustments to reconcile net income
to net cash from operations:
  Depreciation, amortization, and
other                                                    954           710
  Stock-based compensation
expense                                                  635           603
  Net recognized losses on
investments and derivatives                               93            11
  Excess tax benefits from
stock-based compensation                                 (205)         (177)
  Deferred income taxes                                   404            38
  Deferral of unearned revenue                          7,436         8,209
  Recognition of unearned revenue                      (9,677)       (8,770)
  Changes in operating assets and
liabilities:
   Accounts receivable                                 6,617         6,156
   Inventories                                          (667)         (473)
   Other current assets                                 (556)         (385)
   Other long-term assets                                (81)         (233)
   Accounts payable                                      (276)         (567)
   Other current liabilities                           (1,255)       (1,287)
   Other long-term liabilities                           (461)          183
       Net cash from operations                         8,205         8,484
Financing
Short-term borrowings,
maturities less than 90 days, net                         712             0
Proceeds from issuance of debt                            588             0
Repayments of debt                                     (1,000)            0
Common stock issued                                       203           417
Common stock repurchased                               (2,188)       (1,632)
Common stock cash dividends paid                       (1,916)       (1,676)
Excess tax benefits from
stock-based compensation                                  205           177
       Net cash used in financing                      (3,396)       (2,714)
Investing
Additions to property and equipment                    (1,231)        (603)
Acquisition of companies, net of
cash acquired, and purchases of
intangible and other assets                 (15)        (1,145)
Purchases of investments                (14,768)       (20,138)
Maturities of investments                  347          1,259
Sales of investments                    11,117         13,307
Securities lending payable                  (64)          (399)
      Net cash used in investing         (4,614)        (7,719)
Effect of exchange rates on cash
and cash equivalents                        24             47
Net change in cash and cash
equivalents                                219          (1,902)
Cash and cash equivalents,
beginning of period                      3,804          6,938
Cash and cash equivalents, end of
period                              $     4,023    $     5,036
MICROSOFT CORPORATION

                    SEGMENT REVENUE AND GROSS MARGIN
                                (In millions)

                                                       Three Months Ended
                                                             September 30,
                                                         2013         2012
Revenue
Devices and Consumer Licensing                $        4,343    $    4,678
Devices and Consumer Hardware                          1,485         1,084
Devices and Consumer Other                             1,635         1,400
Commercial Licensing                                   9,594         8,945
Commercial Other                                       1,603         1,248
Corporate and Other                                     (131)       (1,347)
 Total revenue                                $        18,529   $   16,008

Gross Margin
Devices and Consumer Licensing                $        3,925    $    4,103
Devices and Consumer Hardware                            206           448
Devices and Consumer Other                               352           362
Commercial Licensing                                   8,801         8,183
Commercial Other                                         275           105
Corporate and Other                                     (144)       (1,361)
 Total gross margin                           $        13,415   $   11,840
Microsoft Corporation                                           Back to Main
Quarterly Income Statements
(In millions, except earnings per share)

                                                                  Q4-931  Q1-941  Q2-941  Q3-941  Q4-941  Q1-951  Q2-951
Revenue                                                         $ 1,048 $   996 $ 1,146 $ 1,261 $ 1,311 $ 1,270 $ 1,516
Cost of revenue                                                     224     228     260     284      305    284      331
    Gross margin                                                    824     768     886     977    1,006    986    1,185
Operating expenses:
    Research and development 4                                       138       134       150       156        170       178       199
    Sales and marketing                                              278       256       279       300        300       320       404
    General and administrative 5                                      35        35        42         41        48        51        62
    Goodwill impairment                                                0         0         0          0         0         0         0
    Other expenses (income)                                            6         4         2          4         6         2         5
        Total operating expenses                                     457       429       473        501       524       551       670
Operating income                                                     367       339       413        476       482       435       515
Other income (expense)                                                23        23        25         26        28        36        42
Noncontinuing items                                                    0         0         0       (120)       30         0         0
Income before income taxes                                           390       362       438        382       540       471       557
Provision for income taxes                                           125       123       149        126       178       155       184
Income (loss) before accounting change                               265       239       289        256       362       316       373
Cumulative effect of accounting change                                 0         0         0          0         0         0         0
Net income (loss)                                               $    265 $     239 $     289 $      256 $     362 $     316 $     373
Preferred stock dividends                                              0         0         0          0         0         0         0
Net income (loss) available for common shareholders             $   265 $      239 $     289 $     256 $     362 $     316 $      373
Basic earnings (loss) per share before accounting change        $   0.03 $     0.03 $    0.03 $    0.03 $    0.04 $    0.03 $     0.04
Diluted earnings (loss) per share before accounting change      $   0.03 $     0.02 $    0.03 $    0.03 $    0.04 $    0.03 $     0.04
Basic earnings (loss) per share                                 $   0.03 $     0.03 $    0.03 $    0.03 $    0.04 $    0.03 $     0.04
Diluted earnings (loss) per share                               $   0.03 $     0.02 $    0.03 $    0.03 $    0.04 $    0.03 $     0.04

  1
     Not restated for adoption of the current accounting guidance on stock-based compensation and no recast of gains (losses) on foreign currency remeasu
  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
            Q3-951  Q4-951  Q1-961  Q2-961  Q3-961  Q4-961  Q1-971  Q2-971  Q3-971  Q4-971  Q1-981  Q2-981  Q3-981  Q4-981
          $ 1,627 $ 1,662 $ 2,085 $ 2,287 $ 2,311 $ 2,367 $ 2,405 $ 2,808 $ 3,365 $ 3,358 $ 3,334 $ 3,792 $ 3,984 $ 4,152
               355     376     522     566     541     516     482     558     583     547     534     613     640     673
             1,272   1,286   1,563   1,721   1,770   1,851   1,923   2,250   2,782   2,811   2,800   3,179   3,344   3,479


              219       264         278      305      337       406       417       449       474       523       899       648       611       739
              436       404         514      554      572       545       518       639       639       615       692       764       731       700
                68       86          63       76       87        90        86        81       101        94        95       106       104       128
                 0        0           0        0        0         0         0         0         0         0         0         0         0         0
                5         4           4      (23)      (4)        42        49        46        84        80         0         0         0         0
              728       758         859      912      992      1,083     1,070     1,215     1,298     1,312     1,686     1,518     1,446     1,567
              544       528         704      809      778        768       853     1,035     1,484     1,499     1,114     1,661     1,898     1,912
               48        65          66       76       86         92        92       105       119       127        88       109       159       176
                0       (46)          0        0        0          0         0         0         0         0         0         0         0         0
              592       547         770      885      864        860       945     1,140     1,603     1,626     1,202     1,770     2,057     2,088
              196       179         271      310      302        301       331       399       561       569       539       637       720       731
              396       368         499      575      562        559       614       741     1,042     1,057       663     1,133     1,337     1,357
                0         0           0        0        0          0         0         0         0         0         0         0         0         0
          $   396 $     368 $       499 $    575 $    562 $      559 $     614 $     741 $   1,042 $   1,057 $     663 $   1,133 $   1,337 $   1,357
                0         0           0        0        0          0         0        (1)       (7)       (7)       (7)       (7)       (7)       (7)
          $   396 $     368 $       499 $    575 $    562 $     559 $     614 $     740 $    1,035 $   1,050 $    656 $    1,126 $   1,330 $   1,350
          $   0.04 $    0.04 $      0.05 $   0.06 $   0.06 $    0.06 $    0.06 $    0.08 $    0.11 $    0.11 $    0.07 $    0.12 $    0.14 $    0.14
          $   0.04 $    0.04 $      0.05 $   0.06 $   0.05 $    0.05 $    0.06 $    0.07 $    0.10 $    0.10 $    0.06 $    0.11 $    0.12 $    0.13
          $   0.04 $    0.04 $      0.05 $   0.06 $   0.06 $    0.06 $    0.06 $    0.08 $    0.11 $    0.11 $    0.07 $    0.12 $    0.14 $    0.14
          $   0.04 $    0.04 $      0.05 $   0.06 $   0.05 $    0.05 $    0.06 $    0.07 $    0.10 $    0.10 $    0.06 $    0.11 $    0.12 $    0.13


on foreign currency remeasurement
  Q1-991  Q2-991  Q3-991  Q4-991  Q1-001  Q2-001  Q3-001  Q4-001  Q1-011  Q2-011  Q3-011  Q4-011  Q1-023  Q2-023
$ 4,193 $ 5,195 $ 4,595 $ 5,764 $ 5,384 $ 6,112 $ 5,656 $ 5,804 $ 5,766 $ 6,550 $ 6,403 $ 6,577 $ 6,126 $ 7,741
     649     788     708     669     712     756     752     782     825     864     899     867     978   1,691
   3,544   4,407   3,887   5,095   4,672   5,356   4,904   5,022   4,941   5,686   5,504   5,710   5,148   6,050


     651       715       664       940       813        898       974     1,087       956       990     1,069     1,364     1,398     1,595
     685       798       842       913       922      1,013     1,010     1,181     1,038     1,290     1,198     1,359     1,457     1,676
     101       154       152       308       148       514       185       203       170       212       239       236       286       885
       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
    1,437     1,667     1,658     2,161     1,883     2,425     2,169     2,471     2,164     2,492     2,506    2,959    3,141       4,156
    2,107     2,740     2,229     2,934     2,789     2,931     2,735     2,551     2,777     3,194     2,998    2,751    2,007       1,894
      396       311       720       454       531       760       878     1,100     1,075       723       660   (2,653)  (1,010)        516
        0         0         0         0         0         0         0         0         0         0         0        0        0           0
    2,503     3,051     2,949     3,388     3,320     3,691     3,613     3,651     3,852     3,917     3,658       98      997       2,410
      820     1,068     1,032     1,186     1,129     1,255     1,228     1,242     1,271     1,293     1,207       33      319         771
    1,683     1,983     1,917     2,202     2,191     2,436     2,385     2,409     2,581     2,624     2,451       65      678       1,639
        0         0         0         0         0         0         0         0      (375)        0         0        0        0           0
$   1,683 $   1,983 $   1,917 $   2,202 $   2,191 $   2,436 $   2,385 $   2,409 $   2,206 $   2,624 $   2,451 $     65 $    678 $     1,639
       (7)       (7)       (7)       (7)       (7)       (6)        0         0         0         0         0        0        0           0
$   1,676 $   1,976 $   1,910 $   2,195 $   2,184 $   2,430 $   2,385 $   2,409 $   2,206 $   2,624 $   2,451 $      65 $    678 $    1,639
$    0.17 $    0.20 $    0.19 $    0.22 $    0.21 $    0.24 $    0.23 $    0.23 $    0.24 $    0.25 $    0.23 $    0.01 $    0.06 $    0.15
$    0.15 $    0.18 $    0.17 $    0.20 $    0.20 $    0.22 $    0.22 $    0.22 $    0.23 $    0.24 $    0.22 $    0.01 $    0.06 $    0.15
$    0.17 $    0.20 $    0.19 $    0.22 $    0.21 $    0.24 $    0.23 $    0.23 $    0.21 $    0.25 $    0.23 $    0.01 $    0.06 $    0.15
$    0.15 $    0.18 $    0.17 $    0.20 $    0.20 $    0.22 $    0.22 $    0.22 $    0.20 $    0.24 $    0.22 $    0.01 $    0.06 $    0.15
  Q3-023  Q4-023  Q1-033  Q2-033  Q3-033  Q4-033  Q1-043  Q2-043   Q3-043  Q4-043  Q1-053  Q2-053   Q3-053  Q4-053
$ 7,245 $ 7,253 $ 7,746 $ 8,541 $ 7,835 $ 8,065 $ 8,215 $ 10,153 $ 9,175 $ 9,292 $ 9,189 $ 10,818 $ 9,620 $ 10,161
   1,567   1,463   1,344   2,137   1,274   1,304   1,480   2,344    1,411   1,481   1,405   1,875    1,363   1,388
   5,678   5,790   6,402   6,404   6,561   6,761   6,735   7,809    7,764   7,811   7,784   8,943    8,257   8,773


    1,474     1,832     1,707     1,515     1,692     1,681     1,611     2,971     1,538     1,659     1,530     1,421     1,482     1,664
    1,449     1,670     1,415     2,159     1,700     2,288     1,505     2,467     1,928     2,409     1,664     2,122     2,070     2,707
     343       329       252       497       425      1,252      471       896      3,020      610      1,096      651      1,376     1,413
       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
    3,266     3,831     3,374     4,171     3,817     5,221     3,587     6,334     6,486     4,678     4,290     4,194     4,928     5,784
    2,412     1,959     3,028     2,233     2,744     1,540     3,148     1,475     1,278     3,133     3,494     4,749     3,329     2,989
      728      (631)       19       363       453       674       753       837     1,001       571       279       420       496       872
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
    3,140     1,328     3,047     2,596     3,197     2,214     3,901     2,312     2,279     3,704     3,773     5,169     3,825     3,861
    1,005       425     1,006       731     1,055       731     1,287       763       964     1,014     1,245     1,706     1,262       161
    2,135       903     2,041     1,865     2,142     1,483     2,614     1,549     1,315     2,690     2,528     3,463     2,563     3,700
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   2,135 $     903 $   2,041 $   1,865 $   2,142 $   1,483 $   2,614 $   1,549 $   1,315 $   2,690 $   2,528 $   3,463 $   2,563 $   3,700
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   2,135 $    903 $    2,041 $   1,865 $   2,142 $   1,483 $   2,614 $   1,549 $   1,315 $   2,690 $   2,528 $   3,463 $   2,563 $   3,700
$    0.20 $    0.08 $    0.19 $    0.17 $    0.20 $    0.14 $    0.24 $    0.14 $    0.12 $    0.25 $    0.23 $    0.32 $    0.24 $    0.34
$    0.19 $    0.08 $    0.19 $    0.17 $    0.20 $    0.14 $    0.24 $    0.14 $    0.12 $    0.25 $    0.23 $    0.32 $    0.23 $    0.34
$    0.20 $    0.08 $    0.19 $    0.17 $    0.20 $    0.14 $    0.24 $    0.14 $    0.12 $    0.25 $    0.23 $    0.32 $    0.24 $    0.34
$    0.19 $    0.08 $    0.19 $    0.17 $    0.20 $    0.14 $    0.24 $    0.14 $    0.12 $    0.25 $    0.23 $    0.32 $    0.23 $    0.34
  Q1-063  Q2-063   Q3-063   Q4-063   Q1-072   Q2-072   Q3-072   Q4-072   Q1-082   Q2-082   Q3-082   Q4-082    Q1-09    Q2-09
$ 9,741 $ 11,837 $ 10,900 $ 11,804 $ 10,811 $ 12,542 $ 14,398 $ 13,371 $ 13,762 $ 16,367 $ 14,454 $ 15,837 $ 15,061 $ 16,629
   1,253   2,239    2,028    2,130    1,696    3,620    2,140    3,237    2,675    3,543    2,514    2,866    2,848    3,907
   8,488   9,598    8,872    9,674    9,115    8,922   12,258   10,134   11,087   12,824   11,940   12,971   12,213   12,722


    1,515     1,591     1,617     1,861     1,786     1,637     1,750     1,948     1,837     1,885     2,035     2,407     2,283     2,290
    1,945     2,689     2,362     2,822     2,234     3,038     2,914     3,355     2,683     3,420     3,274     3,883     3,044     3,662
     982       661      1,005     1,110      664       814       983       868       718      1,066     2,341     1,002      887       831
       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
    4,442     4,941     4,984     5,793     4,684     5,489     5,647     6,171     5,238     6,371     7,650     7,292     6,214     6,783
    4,046     4,657     3,888     3,881     4,431     3,433     6,611     3,963     5,849     6,453     4,290     5,679     5,999     5,939
      506       480       427       377       610       372       360       321       367       367       520       289        (8)     (301)
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
    4,552     5,137     4,315     4,258     5,041     3,805     6,971     4,284     6,216     6,820     4,810     5,968     5,991     5,638
    1,411     1,484     1,338     1,430     1,563     1,179     2,045     1,249     1,927     2,113       422     1,671     1,618     1,464
    3,141     3,653     2,977     2,828     3,478     2,626     4,926     3,035     4,289     4,707     4,388     4,297     4,373     4,174
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   3,141 $   3,653 $   2,977 $   2,828 $   3,478 $   2,626 $   4,926 $   3,035 $   4,289 $   4,707 $   4,388 $   4,297 $   4,373 $   4,174
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   3,141 $   3,653 $   2,977 $   2,828 $   3,478 $   2,626 $   4,926 $   3,035 $   4,289 $   4,707 $   4,388 $   4,297 $   4,373 $   4,174
$    0.29 $    0.35 $    0.29 $    0.28 $    0.35 $    0.27 $    0.51 $    0.32 $    0.46 $    0.50 $    0.47 $    0.46 $    0.48 $    0.47
$    0.29 $    0.34 $    0.29 $    0.28 $    0.35 $    0.26 $    0.50 $    0.31 $    0.45 $    0.50 $    0.47 $    0.46 $    0.48 $    0.47
$    0.29 $    0.35 $    0.29 $    0.28 $    0.35 $    0.27 $    0.51 $    0.32 $    0.46 $    0.50 $    0.47 $    0.46 $    0.48 $    0.47
$    0.29 $    0.34 $    0.29 $    0.28 $    0.35 $    0.26 $    0.50 $    0.31 $    0.45 $    0.50 $    0.47 $    0.46 $    0.48 $    0.47
   Q3-09    Q4-09    Q1-10    Q2-10    Q3-10    Q4-10    Q1-11    Q2-11    Q3-11    Q4-11    Q1-12    Q2-12    Q3-12    Q4-12
$ 13,648 $ 13,099 $ 12,920 $ 19,022 $ 14,503 $ 16,039 $ 16,195 $ 19,953 $ 16,428 $ 17,367 $ 17,372 $ 20,885 $ 17,407 $ 18,059
   2,814    2,586    2,842    3,628    2,755    3,170    3,139    4,833    3,897    3,708    3,777    5,638    3,952    4,163
  10,834   10,513   10,078   15,394   11,748   12,869   13,056   15,120   12,531   13,659   13,595   15,247   13,455   13,896


    2,212     2,225     2,065     2,079     2,220     2,350     2,196     2,185     2,269     2,393     2,329     2,371     2,517     2,594
    2,981     3,192     2,790     3,619     3,203     3,602     2,806     3,825     3,393     3,916     2,900     3,762     3,414     3,781
    1,203     1,109      741      1,183     1,152      987       938       945      1,160     1,179     1,163     1,120     1,150     1,136
        0         0        0          0         0        0         0         0          0         0         0         0         0     6,193
        0         0         0         0         0         0         0         0         0         0         0         0         0        0
    6,396     6,526     5,596     6,881     6,575     6,939     5,940     6,955     6,822     7,488     6,392     7,253     7,081   13,704
    4,438     3,987     4,482     8,513     5,173     5,930     7,116     8,165     5,709     6,171     7,203     7,994     6,374      192
     (388)      155       283       370       168        94       114       332       316       148       103       245       (11)     167
        0         0         0         0         0         0         0         0         0         0         0         0         0        0
    4,050     4,142     4,765     8,883     5,341     6,024     7,230     8,497     6,025     6,319     7,306     8,239     6,363      359
    1,073     1,097     1,191     2,221     1,335     1,506     1,820     1,863       793       445     1,568     1,615     1,255      851
    2,977     3,045     3,574     6,662     4,006     4,518     5,410     6,634     5,232     5,874     5,738     6,624     5,108     (492)
        0         0         0         0         0         0         0         0         0         0         0         0         0        0
$   2,977 $   3,045 $   3,574 $   6,662 $   4,006 $   4,518 $   5,410 $   6,634 $   5,232 $   5,874 $   5,738 $   6,624 $   5,108 $   (492)
        0         0         0         0         0         0         0         0         0         0         0         0         0        0
$   2,977 $   3,045 $   3,574 $   6,662 $   4,006 $   4,518 $   5,410 $   6,634 $   5,232 $   5,874 $   5,738 $   6,624 $   5,108 $    (492)
$    0.33 $    0.34 $    0.40 $    0.75 $    0.46 $    0.52 $    0.63 $    0.78 $    0.62 $    0.70 $    0.68 $    0.79 $    0.61 $   (0.06)
$    0.33 $    0.34 $    0.40 $    0.74 $    0.45 $    0.51 $    0.62 $    0.77 $    0.61 $    0.69 $    0.68 $    0.78 $    0.60 $   (0.06)
$    0.33 $    0.34 $    0.40 $    0.75 $    0.46 $    0.52 $    0.63 $    0.78 $    0.62 $    0.70 $    0.68 $    0.79 $    0.61 $   (0.06)
$    0.33 $    0.34 $    0.40 $    0.74 $    0.45 $    0.51 $    0.62 $    0.77 $    0.61 $    0.69 $    0.68 $    0.78 $    0.60 $   (0.06)
   Q1-13       Q2-13      Q3-13      Q4-13      Q1-14
$ 16,008 $    21,456 $   20,489 $   19,896 $   18,529
   4,168       5,692      4,787      5,602      5,114
  11,840      15,764     15,702     14,294     13,415


    2,460      2,528      2,640      2,783     2,767
    2,945      4,309      3,794      4,228     3,304
    1,127      1,156      1,656      1,210     1,010
        0          0          0          0         0
        0          0          0          0         0
    6,532      7,993      8,090      8,221     7,081
    5,308      7,771      7,612      6,073     6,334
      226         (1)        (9)        72        74
        0          0          0          0         0
    5,534      7,770      7,603      6,145     6,408
    1,068      1,393      1,548      1,180     1,164
    4,466      6,377      6,055      4,965     5,244
        0          0          0          0         0
$   4,466 $    6,377 $    6,055 $    4,965 $   5,244
        0          0          0          0         0
$   4,466 $    6,377 $    6,055 $    4,965 $    5,244
$    0.53 $     0.76 $     0.72 $     0.59 $     0.63
$    0.53 $     0.76 $     0.72 $     0.59 $     0.62
$    0.53 $     0.76 $     0.72 $     0.59 $     0.63
$    0.53 $     0.76 $     0.72 $     0.59 $     0.62
Microsoft Corporation                                       Back to Main
Segment Revenue and Gross Margin
(In millions)

                                                                                   Fiscal Year
Revenue                                Q1-13       Q2-13        Q3-13      Q4-13          2013
Devices and Consumer Licensing     $   4,678 $     5,703 $      4,352 $    4,288 $     19,021
Devices and Consumer Hardware           1,084      2,808         1,402      1,167         6,461
Devices and Consumer Other              1,400      1,999         1,656      1,563         6,618
Commercial Licensing                    8,945     10,135         9,979     10,627        39,686
Commercial Other                        1,248      1,389         1,449      1,574         5,660
Corporate and Other                    (1,347)      (578)        1,651        677           403
 Total revenue                     $   16,008 $   21,456 $      20,489 $   19,896 $      77,849



                                                                                      Fiscal Year
Gross Margin                            Q1-13      Q2-13        Q3-13      Q4-13             2013
Devices and Consumer Licensing     $    4,103 $    5,131 $      3,929 $    3,881    $     17,044
Devices and Consumer Hardware             448        762          393       (647)            956
Devices and Consumer Other                362        886          430        368           2,046
Commercial Licensing                    8,183      9,326        9,085      9,667          36,261
Commercial Other                          105        216          264        336             921
Corporate and Other                    (1,361)      (557)       1,601        689             372
 Total gross margin                $   11,840 $   15,764 $      15,702 $   14,294 $      57,600
                                      Fiscal Year
    Q1-14     Q2-14   Q3-14   Q4-14          2014
$   4,343                           $      4,343
     1,485                                 1,485
     1,635                                 1,635
     9,594                                 9,594
     1,603                                 1,603
      (131)                                 (131)
$   18,529                          $     18,529



                                      Fiscal Year
    Q1-14     Q2-14   Q3-14   Q4-14           2014
$   3,925                           $      3,925
      206                                     206
      352                                     352
    8,801                                  8,801
      275                                     275
     (144)                                   (144)
$   13,415                          $     13,415
Microsoft Corporation           Back to Main
Unearned Revenue

                                     Q4-12      Q1-13      Q2-13      Q3-13      Q4-13

Unearned Revenue ($ in millions)
Commercial Licensing             $   16,818 $   15,149 $   14,782 $   14,217 $   18,460
Commercial Other                     1,529      1,324      1,378      1,446       2,272
Rest of the segments                 1,712      3,114      3,653      2,242       1,667
    Total                        $   20,059 $   19,587 $   19,813 $   17,905 $   22,399


Unearned Revenue (in %)
Commercial Licensing                   84%        77%        75%        79%        82%
Commercial Other                        8%         7%         7%         8%        10%
Rest of the segments                    8%        16%        18%        13%         8%
    Total                             100%       100%       100%       100%       100%
    Q1-14



$   16,270
     1,989
     1,955
$   20,214



      80%
      10%
      10%
     100%
Microsoft Corporation                                     Back to Main
Yearly Income Statements
(In millions, except earnings per share)

                                                               FY941      FY951     FY961    FY971
Revenue                                                    $   4,714 $    6,075 $   9,050 $ 11,936
Cost of revenue                                                1,077      1,346     2,145    2,170
    Gross margin                                               3,637      4,729     6,905    9,766
Operating expenses:
    Research and development 4                                   610        860     1,326      1,863
    Sales and marketing                                        1,135      1,564     2,185      2,411
    General and administrative 5                                166        267        316        362
    Goodwill impairment                                           0          0          0          0
    Other expenses                                                16         16        19        259
        Total operating expenses                               1,927      2,707     3,846      4,895
Operating income                                               1,710      2,022     3,059      4,871
Other income (expense)                                           102        191       320        443
Noncontinuing items                                              (90)       (46)        0          0
Income before income taxes                                     1,722      2,167     3,379      5,314
Provision for income taxes                                       576        714     1,184      1,860
Net income before accounting change                            1,146      1,453     2,195      3,454
Cumulative effect of accounting change                             0          0         0          0
Net income                                                     1,146      1,453     2,195      3,454
Preferred stock dividends                                          0          0         0        (15)
Net income available for common shareholders               $   1,146 $    1,453 $    2,195 $    3,439
Basic earnings per share before accounting change          $    0.13 $     0.16 $     0.23 $     0.36
Diluted earnings per share before accounting change        $    0.12 $     0.14 $     0.21 $     0.33
Basic earnings per share                                   $    0.13 $     0.16 $     0.23 $     0.36
Diluted earnings per share                                 $    0.12 $     0.14 $     0.21 $     0.33

  1
      Not restated for adoption of the current accounting guidance on stock-based compensation and no recast of gains
  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
              FY981        FY991       FY001       FY011       FY023      FY033      FY042      FY052
           $ 15,262 $     19,747 $    22,956 $    25,296 $    28,365 $   32,187 $   36,835 $   39,788
              2,460        2,814       3,002       3,455       5,699      6,059      6,596      6,031
             12,802       16,933      19,954      21,841      22,666     26,128     30,239     33,757


               2,897       2,970       3,772       4,379       6,299      6,595      7,735      6,097
               2,887       3,238       4,126       4,885       6,252      7,562      8,121      8,548
                 433         715       1,050         857       1,843      2,426      5,275      4,536
                   0           0           0           0           0          0          0          0
                   0           0           0           0           0          0          0          0
               6,217       6,923       8,948      10,121      14,394     16,583     21,131     19,181
               6,585      10,010      11,006      11,720       8,272      9,545      9,108     14,576
                 532       1,881       3,269        (195)       (397)     1,509      3,088      2,052
                   0           0           0           0           0          0          0          0
               7,117      11,891      14,275      11,525       7,875     11,054     12,196     16,628
               2,627       4,106       4,854       3,804       2,520      3,523      4,028      4,374
               4,490       7,785       9,421       7,721       5,355      7,531      8,168     12,254
                   0           0           0        (375)          0          0          0          0
               4,490       7,785       9,421       7,346       5,355      7,531      8,168     12,254
                 (28)        (28)        (13)          0           0          0          0          0
           $   4,462 $     7,757 $     9,408 $     7,346 $     5,355 $    7,531 $    8,168 $   12,254
           $    0.46 $      0.77 $      0.91 $      0.72 $      0.50 $     0.70 $     0.76 $     1.13
           $    0.42 $      0.71 $      0.85 $      0.69 $      0.48 $     0.69 $     0.75 $     1.12
           $    0.46 $      0.77 $      0.91 $      0.69 $      0.50 $     0.70 $     0.76 $     1.13
           $    0.42 $      0.71 $      0.85 $      0.66 $      0.48 $     0.69 $     0.75 $     1.12


ion and no recast of gains (losses) on foreign currency remeasurement
     FY062      FY072      FY082       FY09       FY10       FY11       FY12       FY13
$   44,282 $   51,122 $   60,420 $   58,437 $   62,484 $   69,943 $   73,723 $   77,849
     7,650     10,693     11,598     12,155     12,395     15,577     17,530     20,249
    36,632     40,429     48,822     46,282     50,089     54,366     56,193     57,600


     6,584      7,121      8,164      9,010      8,714      9,043      9,811     10,411
     9,910     11,541     13,260     12,879     13,214     13,940     13,857     15,276
     3,758      3,329      5,127      4,030      4,063      4,222      4,569      5,149
         0          0          0          0          0          0      6,193          0
         0          0          0          0          0          0          0          0
    20,252     21,991     26,551     25,919     25,991     27,205     34,430     30,836
    16,380     18,438     22,271     20,363     24,098     27,161     21,763     26,764
     1,882      1,663      1,543       (542)       915        910        504        288
         0          0          0          0          0          0          0          0
    18,262     20,101     23,814     19,821     25,013     28,071     22,267     27,052
     5,663      6,036      6,133      5,252      6,253      4,921      5,289      5,189
    12,599     14,065     17,681     14,569     18,760     23,150     16,978     21,863
         0          0          0          0          0          0          0          0
    12,599     14,065     17,681     14,569     18,760     23,150     16,978     21,863
         0          0          0          0          0          0          0          0
$   12,599 $   14,065 $   17,681 $   14,569 $   18,760 $   23,150 $   16,978 $   21,863
$     1.21 $     1.44 $     1.90 $     1.63 $     2.13 $     2.73 $     2.02 $     2.61
$     1.20 $     1.42 $     1.87 $     1.62 $     2.10 $     2.69 $     2.00 $     2.58
$     1.21 $     1.44 $     1.90 $     1.63 $     2.13 $     2.73 $     2.02 $     2.61
$     1.20 $     1.42 $     1.87 $     1.62 $     2.10 $     2.69 $     2.00 $     2.58

				
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