FinancialStatementFY14Q2.xlsx

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					Microsoft Financial Data - FY14 Q2

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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 & Gross Margin
MICROSOFT CORPORATION

                                INCOME STATEMENTS
                      (In millions, except per share amounts)

                                    Three Months Ended            Six Months Ended
                                           December 31,                December 31,
                                          2013       2012           2013        2012
Revenue                            $   24,519    $ 21,456     $   43,048    $ 37,464
Cost of revenue                         8,284       5,692         13,398       9,860
  Gross margin                         16,235      15,764         29,650      27,604
Operating expenses:
  Research and development              2,748        2,528         5,515         4,988
  Sales and marketing                   4,283        4,309         7,587         7,254
  General and administrative            1,235        1,156         2,245         2,283
     Total operating expenses           8,266        7,993        15,347        14,525
Operating income                        7,969        7,771        14,303        13,079
Other income (expense)                    (91)          (1)          (17)          225
Income before income taxes              7,878        7,770        14,286        13,304
Provision for income taxes              1,320        1,393         2,484         2,461
Net income                         $    6,558    $   6,377    $   11,802    $ 10,843

Earnings per share:
  Basic                           $      0.79    $    0.76    $     1.42    $     1.29
  Diluted                         $      0.78    $    0.76    $     1.40    $     1.28
Weighted average shares outstanding:
  Basic                                 8,326        8,393         8,333         8,395
  Diluted                               8,395        8,444         8,423         8,480
Cash dividends declared per
common share                      $      0.28    $    0.23    $     0.56    $     0.46
MICROSOFT CORPORATION

                     COMPREHENSIVE INCOME STATEMENTS
                                (In millions)

                                     Three Months Ended           Six Months Ended
                                            December 31,               December 31,
                                          2013        2012          2013       2012
Net income                         $     6,558   $   6,377    $   11,802   $ 10,843
Other comprehensive income (loss):
  Net unrealized gains (losses) on
derivatives (net of tax effects
of $1, $(5), $(2)
and $(29))                                 43           (9)          17         (54)
  Net unrealized gains on
investments (net of tax
effects of $245, $103,
$737 and $251)                            482         192          1,434       466
  Translation adjustments and
other (net of tax effects
of $11, $2, $44
and $92)                                   21           3             83       172
    Other comprehensive income            546         186          1,534       584
Comprehensive income                 $   7,104   $   6,563    $   13,336   $ 11,427
MICROSOFT CORPORATION

                                   BALANCE SHEETS
                                     (In millions)

                                                       December 31,        June 30,
                                                                2013          2013
Assets

Current assets:
  Cash and cash equivalents                            $     10,059    $     3,804
  Short-term investments (including securities
loaned of $685 and $579)                                     73,885         73,218
    Total cash, cash equivalents, and short-term
investments                                                  83,944         77,022
  Accounts receivable, net of allowance for doubtful
accounts of $316 and $336                                    15,986         17,486
  Inventories                                                 1,594          1,938
  Deferred income taxes                                       1,328          1,632
  Other                                                       4,018          3,388
    Total current assets                                    106,870        101,466
Property and equipment, net of accumulated
depreciation of $13,686 and $12,513                          11,567          9,991
Equity and other investments                                 14,607         10,844
Goodwill                                                     14,680         14,655
Intangible assets, net                                        2,945          3,083
Other long-term assets                                        2,874          2,392
         Total assets                                  $    153,543    $   142,431

Liabilities and stockholders' equity
Current liabilities:
 Accounts payable                                      $      5,398    $     4,828
 Short-term debt                                                300              0
 Current portion of long-term debt                            2,000          2,999
 Accrued compensation                                         3,169          4,117
 Income taxes                                                   591            592
 Short-term unearned revenue                                 17,616         20,639
 Securities lending payable                                     748            645
 Other                                                        3,920          3,597
   Total current liabilities                                 33,742         37,417
Long-term debt                                               20,676         12,601
Long-term unearned revenue                                    1,858          1,760
Deferred income taxes                                         2,377          1,709
Other long-term liabilities                                   9,790         10,000
   Total liabilities                                         68,443         63,487
Commitments and contingencies
Stockholders' equity:
 Common stock and paid-in capital - shares
authorized 24,000; outstanding 8,300 and 8,328          67,476        67,306
 Retained earnings                                      14,347          9,895
 Accumulated other comprehensive income                  3,277          1,743
  Total stockholders' equity                            85,100        78,944
       Total liabilities and stockholders' equity   $   153,543   $   142,431
MICROSOFT CORPORATION

                               CASH FLOW STATEMENTS
                                     (In millions)

                                     Three Months Ended                Six Months Ended
                                            December 31,                    December 31,
                                            2013           2012           2013        2012
Operations
Net income                           $     6,558    $     6,377    $   11,802     $ 10,843
Adjustments to reconcile net
income to net cash from
operations:

   Depreciation, amortization, and
other                                     1,261          1,009          2,215        1,719
   Stock-based compensation
expense                                     591            603          1,226        1,206
   Net recognized losses on
investments and derivatives                  47             22            140          33
   Excess tax benefits from
stock-based compensation                    (20)            (9)          (225)       (186)
   Deferred income taxes                   (176)           140            228         178
   Deferral of unearned revenue           9,845         10,737         17,281      18,946
   Recognition of unearned
revenue                                  (10,578)       (10,483)       (20,255)    (19,253)
   Changes in operating assets
and liabilities:
     Accounts receivable                  (4,875)        (4,488)        1,742        1,668
     Inventories                          1,029            (33)           362        (506)
     Other current assets                   (95)           150           (651)       (235)
     Other long-term assets                (315)           (80)          (396)       (313)
     Accounts payable                       602            685            326         118
     Other current liabilities              388            168           (867)     (1,119)
     Other long-term liabilities            151            (18)          (310)        165
       Net cash from operations           4,413          4,780         12,618      13,264
Financing
Short-term debt repayments,
maturities less than 90 days, net          (712)              0              0           0
Proceeds from issuance of debt             8,262          2,232          8,850       2,232
Repayments of debt                          (588)             0         (1,588)          0
Common stock issued                          117            145            320         562
Common stock repurchased                  (2,113)        (1,658)        (4,301)     (3,290)
Common stock cash dividends paid          (2,332)        (1,933)        (4,248)     (3,609)
Excess tax benefits from
stock-based compensation                     20               9           225         186
Other                                        (39)           (16)           (39)        (16)
       Net cash from (used in)
financing                                 2,615          (1,221)         (781)         (3,935)
Investing
Additions to property and
equipment                                 (1,732)         (930)         (2,963)        (1,533)
Acquisition of companies, net of
cash acquired, and purchases of
intangible and other assets                (139)          (311)          (154)         (1,456)
Purchases of investments                 (13,126)       (10,074)       (27,894)       (30,212)
Maturities of investments                 1,451          1,989          1,798          3,248
Sales of investments                     12,354          7,126         23,471         20,433
Securities lending payable                  167           (393)           103           (792)
        Net cash used in investing        (1,025)        (2,593)        (5,639)       (10,312)
Effect of exchange rates on cash
and cash equivalents                         33             15             57             62
Net change in cash and cash
equivalents                               6,036            981          6,255           (921)
Cash and cash equivalents,
beginning of period                       4,023          5,036          3,804          6,938
Cash and cash equivalents, end of
period                               $   10,059     $     6,017    $   10,059     $     6,017
MICROSOFT CORPORATION

                   SEGMENT REVENUE AND GROSS MARGIN
                               (In millions)

                                     Three Months Ended           Six Months Ended
                                            December 31,               December 31,
                                        2013          2012          2013          2012
Revenue
Devices and Consumer Licensing   $     5,384    $    5,703    $    9,727    $ 10,381
Devices and Consumer Hardware          4,729         2,808         6,214       3,892
Devices and Consumer Other             1,793         1,999         3,428       3,399
Commercial Licensing                  10,888        10,135        20,482      19,080
Commercial Other                       1,780         1,389         3,383         2,637
Corporate and Other                      (55)         (578)         (186)       (1,925)
 Total revenue                   $    24,519    $ 21,456      $   43,048    $ 37,464

Gross Margin
Devices and Consumer Licensing   $     4,978    $    5,131    $    8,903    $    9,234
Devices and Consumer Hardware            411           762           617         1,210
Devices and Consumer Other               431           886           783         1,248
Commercial Licensing                  10,077         9,326        18,878        17,509
Commercial Other                         415           216           690           321
Corporate and Other                      (77)         (557)         (221)       (1,918)
 Total gross margin              $    16,235    $ 15,764      $   29,650    $ 27,604
Microsoft Corporation                                           Back to Main
Quarterly Income Statements
(In millions, except earnings per share)

                                                                  Q1-941  Q2-941  Q3-941  Q4-941  Q1-951  Q2-951  Q3-951
Revenue                                                         $   996 $ 1,146 $ 1,261 $ 1,311 $ 1,270 $ 1,516 $ 1,627
Cost of revenue                                                     228     260     284      305    284      331     355
    Gross margin                                                    768     886     977    1,006    986    1,185   1,272
Operating expenses:
    Research and development 4                                       134       150       156       170       178        199       219
    Sales and marketing                                              256       279       300       300       320        404       436
    General and administrative 5                                      35        42        41        48         51        62        68
    Goodwill impairment                                                0         0         0         0          0         0         0
    Other expenses (income)                                            4         2         4         6         2          5         5
        Total operating expenses                                     429       473       501       524       551        670       728
Operating income                                                     339       413       476       482       435        515       544
Other income (expense)                                                23        25        26        28        36         42        48
Noncontinuing items                                                    0         0      (120)       30         0          0         0
Income before income taxes                                           362       438       382       540       471        557       592
Provision for income taxes                                           123       149       126       178       155        184       196
Income (loss) before accounting change                               239       289       256       362       316        373       396
Cumulative effect of accounting change                                 0         0         0         0         0          0         0
Net income (loss)                                               $    239 $     289 $     256 $     362 $     316 $      373 $     396
Preferred stock dividends                                              0         0         0         0         0          0         0
Net income (loss) available for common shareholders             $   239 $      289 $     256 $     362 $     316 $     373 $     396
Basic earnings (loss) per share before accounting change        $   0.03 $     0.03 $    0.03 $    0.04 $    0.03 $    0.04 $    0.04
Diluted earnings (loss) per share before accounting change      $   0.02 $     0.03 $    0.03 $    0.04 $    0.03 $    0.04 $    0.04
Basic earnings (loss) per share                                 $   0.03 $     0.03 $    0.03 $    0.04 $    0.03 $    0.04 $    0.04
Diluted earnings (loss) per share                               $   0.02 $     0.03 $    0.03 $    0.04 $    0.03 $    0.04 $    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 remeasur
  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
            Q4-951  Q1-961  Q2-961  Q3-961  Q4-961  Q1-971  Q2-971  Q3-971  Q4-971  Q1-981  Q2-981  Q3-981  Q4-981  Q1-991
          $ 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 $ 4,193
               376     522     566     541     516     482     558     583     547     534     613     640     673     649
             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   3,544


               264      278         305      337       406       417       449       474       523       899       648       611       739       651
               404      514         554      572       545       518       639       639       615       692       764       731       700       685
                86       63          76       87        90        86        81       101        94        95       106       104       128       101
                 0        0           0        0         0         0         0         0         0         0         0         0         0         0
                 4        4         (23)      (4)        42        49        46        84        80         0         0         0         0         0
               758      859         912      992      1,083     1,070     1,215     1,298     1,312     1,686     1,518     1,446     1,567     1,437
               528      704         809      778        768       853     1,035     1,484     1,499     1,114     1,661     1,898     1,912     2,107
                65       66          76       86         92        92       105       119       127        88       109       159       176       396
               (46)       0           0        0          0         0         0         0         0         0         0         0         0         0
               547      770         885      864        860       945     1,140     1,603     1,626     1,202     1,770     2,057     2,088     2,503
               179      271         310      302        301       331       399       561       569       539       637       720       731       820
               368      499         575      562        559       614       741     1,042     1,057       663     1,133     1,337     1,357     1,683
                 0        0           0        0          0         0         0         0         0         0         0         0         0         0
          $    368 $    499 $       575 $    562 $      559 $     614 $     741 $   1,042 $   1,057 $     663 $   1,133 $   1,337 $   1,357 $   1,683
                 0        0           0        0          0         0        (1)       (7)       (7)       (7)       (7)       (7)       (7)       (7)
          $   368 $     499 $       575 $    562 $     559 $     614 $     740 $    1,035 $   1,050 $    656 $    1,126 $   1,330 $   1,350 $   1,676
          $   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 $    0.17
          $   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 $    0.15
          $   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 $    0.17
          $   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 $    0.15


on foreign currency remeasurement
  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  Q3-023
$ 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 $ 7,245
     788     708     669     712     756     752     782     825     864     899     867     978   1,691   1,567
   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   5,678


     715       664       940       813        898       974     1,087       956       990     1,069     1,364     1,398     1,595     1,474
     798       842       913       922      1,013     1,010     1,181     1,038     1,290     1,198     1,359     1,457     1,676     1,449
     154       152       308       148       514       185       203       170       212       239       236       286       885       343
       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
    1,667     1,658     2,161     1,883     2,425     2,169     2,471     2,164     2,492     2,506    2,959    3,141       4,156     3,266
    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     2,412
      311       720       454       531       760       878     1,100     1,075       723       660   (2,653)  (1,010)        516       728
        0         0         0         0         0         0         0         0         0         0        0        0           0         0
    3,051     2,949     3,388     3,320     3,691     3,613     3,651     3,852     3,917     3,658       98      997       2,410     3,140
    1,068     1,032     1,186     1,129     1,255     1,228     1,242     1,271     1,293     1,207       33      319         771     1,005
    1,983     1,917     2,202     2,191     2,436     2,385     2,409     2,581     2,624     2,451       65      678       1,639     2,135
        0         0         0         0         0         0         0      (375)        0         0        0        0           0         0
$   1,983 $   1,917 $   2,202 $   2,191 $   2,436 $   2,385 $   2,409 $   2,206 $   2,624 $   2,451 $     65 $    678 $     1,639 $   2,135
       (7)       (7)       (7)       (7)       (6)        0         0         0         0         0        0        0           0         0
$   1,976 $   1,910 $   2,195 $   2,184 $   2,430 $   2,385 $   2,409 $   2,206 $   2,624 $   2,451 $      65 $    678 $    1,639 $   2,135
$    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 $    0.20
$    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 $    0.19
$    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 $    0.20
$    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 $    0.19
  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   Q1-063
$ 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 $ 9,741
   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    1,253
   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    8,488


    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     1,515
    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     1,945
     329       252       497       425      1,252      471       896      3,020      610      1,096      651      1,376     1,413      982
       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
    3,831     3,374     4,171     3,817     5,221     3,587     6,334     6,486     4,678     4,290     4,194     4,928     5,784     4,442
    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     4,046
     (631)       19       363       453       674       753       837     1,001       571       279       420       496       872       506
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
    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     4,552
      425     1,006       731     1,055       731     1,287       763       964     1,014     1,245     1,706     1,262       161     1,411
      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     3,141
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$     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 $   3,141
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$    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 $   3,141
$    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 $    0.29
$    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 $    0.29
$    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 $    0.29
$    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 $    0.29
  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    Q3-09
$ 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 $ 13,648
   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    2,814
   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   10,834


    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     2,212
    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     2,981
     661      1,005     1,110      664       814       983       868       718      1,066     2,341     1,002      887       831      1,203
       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
    4,941     4,984     5,793     4,684     5,489     5,647     6,171     5,238     6,371     7,650     7,292     6,214     6,783     6,396
    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     4,438
      480       427       377       610       372       360       321       367       367       520       289        (8)     (301)     (388)
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
    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     4,050
    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     1,073
    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     2,977
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   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 $   2,977
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   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 $   2,977
$    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 $    0.33
$    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 $    0.33
$    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 $    0.33
$    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 $    0.33
   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    Q1-13
$ 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 $ 16,008
   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    4,168
  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   11,840


    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      2,460
    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      2,945
    1,109      741      1,183     1,152      987       938       945      1,160     1,179     1,163     1,120     1,150     1,136      1,127
        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           0
    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       6,532
    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       5,308
      155       283       370       168        94       114       332       316       148       103       245       (11)     167         226
        0         0         0         0         0         0         0         0         0         0         0         0        0           0
    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       5,534
    1,097     1,191     2,221     1,335     1,506     1,820     1,863       793       445     1,568     1,615     1,255      851       1,068
    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)      4,466
        0         0         0         0         0         0         0         0         0         0         0         0        0           0
$   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) $    4,466
        0         0         0         0         0         0         0         0         0         0         0         0        0           0
$   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) $   4,466
$    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) $    0.53
$    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) $    0.53
$    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) $    0.53
$    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) $    0.53
   Q2-13       Q3-13      Q4-13      Q1-14      Q2-14
$ 21,456 $    20,489 $   19,896 $   18,529 $   24,519
   5,692       4,787      5,602      5,114      8,284
  15,764      15,702     14,294     13,415     16,235


    2,528      2,640      2,783      2,767     2,748
    4,309      3,794      4,228      3,304     4,283
    1,156      1,656      1,210      1,010     1,235
        0          0          0          0         0
        0          0          0          0         0
    7,993      8,090      8,221      7,081     8,266
    7,771      7,612      6,073      6,334     7,969
       (1)        (9)        72         74       (91)
        0          0          0          0         0
    7,770      7,603      6,145      6,408     7,878
    1,393      1,548      1,180      1,164     1,320
    6,377      6,055      4,965      5,244     6,558
        0          0          0          0         0
$   6,377 $    6,055 $    4,965 $    5,244 $   6,558
        0          0          0          0         0
$   6,377 $    6,055 $    4,965 $    5,244 $    6,558
$    0.76 $     0.72 $     0.59 $     0.63 $     0.79
$    0.76 $     0.72 $     0.59 $     0.62 $     0.78
$    0.76 $     0.72 $     0.59 $     0.63 $     0.79
$    0.76 $     0.72 $     0.59 $     0.62 $     0.78
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 $    5,384                  $      9,727
    1,485      4,729                         6,214
    1,635      1,793                         3,428
    9,594     10,888                        20,482
    1,603      1,780                         3,383
     (131)       (55)                         (186)
$   18,529 $ 24,519                   $     43,048



                                        Fiscal Year
    Q1-14    Q2-14      Q3-14   Q4-14           2014
$   3,925 $ 4,978                     $      8,903
      206      411                              617
      352      431                              783
    8,801   10,077                          18,878
      275      415                              690
     (144)     (77)                            (221)
$   13,415 $ 16,235                   $     29,650
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      Q2-14



$   16,270 $   15,592
    1,989       2,173
    1,955       1,709
$   20,214 $   19,474



      80%        80%
      10%        11%
      10%         9%
     100%       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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