FinancialStatementFY14Q4.xlsx

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					Microsoft Financial Data - FY14 Q4
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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 Twelve Months Ended
                                               June 30,             June 30,
                                         2014     2013       2014     2013
Revenue                             $ 23,382 $ 19,896 $   86,833 $ 77,849
Cost of revenue                        7,595     5,602    26,934    20,249
  Gross margin                        15,787    14,294    59,899    57,600
Research and development               3,123     2,783    11,381    10,411
Sales and marketing                    4,682     4,228    15,811    15,276
General and administrative             1,373     1,210     4,821     5,149
Integration and restructuring             127        0       127         0
Operating income                       6,482     6,073    27,759    26,764
Other income, net                          95       72        61       288
Income before income taxes             6,577     6,145    27,820    27,052
Provision for income taxes             1,965     1,180     5,746     5,189
Net income                          $   4,612 $ 4,965 $   22,074 $ 21,863

Earnings per share:
  Basic                           $       0.56   $    0.59   $    2.66   $    2.61
  Diluted                         $       0.55   $    0.59   $    2.63   $    2.58
Weighted average shares outstanding:
  Basic                                  8,246       8,345       8,299       8,375
  Diluted                                8,345       8,442       8,399       8,470
Cash dividends declared per
common share                      $       0.28   $    0.23   $    1.12   $    0.92
MICROSOFT CORPORATION

                     COMPREHENSIVE INCOME STATEMENTS
                                (In millions)

                                   Three Months Ended Twelve Months Ended
                                              June 30,             June 30,
                                        2014     2013       2014     2013
Net income                         $   4,612 $ 4,965 $   22,074 $ 21,863
Other comprehensive income (loss):
   Net unrealized losses on
derivatives (net of tax effects
of $(3), $(4), $(4)
and $(14))                               (21)          (7)         (35)        (26)
   Net unrealized gains (losses) on
investments (net of tax
effects of $162, $(206),
$936 and $195)                           235        (381)        1,737        363
   Translation adjustments and
other (net of tax effects
of $(41), $(40), $12
and $(8))                                162          (74)         263         (16)
     Other comprehensive income
(loss)                                    376        (462)        1,965        321
Comprehensive income                $   4,988   $   4,503    $   24,039   $ 22,184
MICROSOFT CORPORATION

                                   BALANCE SHEETS
                                     (In millions)

                                                           June 30,       June 30,
                                                               2014          2013
Assets
Current assets:
  Cash and cash equivalents                            $     8,669    $     3,804
  Short-term investments (including securities
loaned of $541 and $579)                                    77,040         73,218
    Total cash, cash equivalents, and short-term
investments                                                 85,709         77,022
  Accounts receivable, net of allowance for doubtful
accounts of $301 and $336                                   19,544         17,486
  Inventories                                                2,660          1,938
  Deferred income taxes                                      1,941          1,632
  Other                                                      4,392          3,388
    Total current assets                                   114,246        101,466
Property and equipment, net of accumulated
depreciation of $14,793 and $12,513                         13,011          9,991
Equity and other investments                                14,597         10,844
Goodwill                                                    20,127         14,655
Intangible assets, net                                       6,981          3,083
Other long-term assets                                       3,422          2,392
         Total assets                                  $   172,384    $   142,431

Liabilities and stockholders' equity
Current liabilities:
 Accounts payable                                      $     7,432    $     4,828
 Short-term debt                                             2,000              0
 Current portion of long-term debt                               0          2,999
 Accrued compensation                                        4,797          4,117
 Income taxes                                                  782            592
 Short-term unearned revenue                                23,150         20,639
 Securities lending payable                                    558            645
 Other                                                       6,906          3,597
   Total current liabilities                                45,625         37,417
Long-term debt                                              20,645         12,601
Long-term unearned revenue                                   2,008          1,760
Deferred income taxes                                        2,728          1,709
Other long-term liabilities                                 11,594         10,000
   Total liabilities                                        82,600         63,487
Commitments and contingencies
Stockholders' equity:
 Common stock and paid-in capital - shares
authorized 24,000; outstanding 8,239 and 8,328              68,366         67,306
Retained earnings                                     17,710          9,895
Accumulated other comprehensive income                 3,708          1,743
 Total stockholders' equity                           89,784        78,944
     Total liabilities and stockholders' equity   $   172,384   $   142,431
MICROSOFT CORPORATION

                          CASH FLOW STATEMENTS
                                (In millions)

                                 Three Months Ended Twelve Months Ended
                                            June 30,             June 30,
                                      2014      2013           2014        2013
Operations
Net income                        $   4,612 $ 4,965     $   22,074     $ 21,863
Adjustments to reconcile net
income to net cash from
operations:
  Depreciation, amortization, and
other                                 1,742      983         5,212        3,755
  Stock-based compensation
expense                                 618      601         2,446        2,406
  Net recognized losses (gains)
on investments and
derivatives                            (209)      99          (109)         80
  Excess tax benefits from
stock-based compensation                (24)     (17)         (271)        (209)
  Deferred income taxes                (369)    (423)         (331)        (19)
  Deferral of unearned revenue       16,869   15,621        44,325      44,253
  Recognition of unearned
revenue                             (11,345) (11,069)       (41,739)    (41,921)
  Changes in operating assets
and liabilities:
    Accounts receivable              (5,363)  (5,666)       (1,120)     (1,807)
    Inventories                        (199)     187          (161)       (802)
    Other current assets                282      (33)          (29)       (129)
    Other long-term assets             (159)    (152)         (628)       (478)
    Accounts payable                    863      486           473         537
    Other current liabilities         1,072       27         1,075         146
    Other long-term liabilities       1,124      294         1,014       1,158
       Net cash from operations       9,514    5,903        32,231      28,833
Financing
Proceeds from issuance of
short-term debt, maturities of
90 days or less, net                    500        0           500            0
Proceeds from issuance of debt        1,500    2,651        10,350        4,883
Repayments of debt                   (2,000)  (1,346)       (3,888)      (1,346)
Common stock issued                     146      166           607          931
Common stock repurchased             (1,170)  (1,042)       (7,316)      (5,360)
Common stock cash dividends paid     (2,309)  (1,921)       (8,879)      (7,455)
Excess tax benefits from
stock-based compensation                 24       17           271         209
Other                                     0        6            (39)        (10)
       Net cash used in financing    (3,309)  (1,469)        (8,394)     (8,148)
Investing
Additions to property and
equipment                                (1,330)        (1,794)        (5,485)        (4,257)
Acquisition of companies, net of
cash acquired, and purchases of
intangible and other assets              (5,626)           (20)        (5,937)        (1,584)
Purchases of investments                (23,473)       (27,024)       (72,690)       (75,396)
Maturities of investments                1,138            617           5,272          5,130
Sales of investments                    20,617         22,301          60,094         52,464
Securities lending payable                (236)            81             (87)          (168)
       Net cash used in investing       (8,910)        (5,839)        (18,833)       (23,811)
Effect of exchange rates on cash
and cash equivalents                      (198)            (31)         (139)             (8)
Net change in cash and cash
equivalents                              (2,903)        (1,436)        4,865          (3,134)
Cash and cash equivalents,
beginning of period                     11,572          5,240          3,804          6,938
Cash and cash equivalents, end of
period                              $     8,669    $     3,804    $     8,669    $     3,804
MICROSOFT CORPORATION

                  SEGMENT REVENUE AND GROSS MARGIN
                              (In millions)

                                   Three Months Ended Twelve Months Ended
                                              June 30,             June 30,
                                       2014      2013      2014      2013
Revenue
Devices and Consumer Licensing $     4,694    $   4,288    $   18,803    $ 19,021
Computing and Gaming Hardware        1,441       1,167          9,628       6,461
Phone Hardware                       1,985           0          1,985           0
Devices and Consumer Other           1,880       1,563          7,258       6,618
Commercial Licensing                11,222      10,627         42,027      39,686
Commercial Other                     2,262       1,574          7,547       5,660
Corporate and Other                   (102)        677           (415)        403
 Total revenue                 $    23,382    $ 19,896     $   86,833    $ 77,849

Gross Margin
Devices and Consumer Licensing $     4,407    $   3,881    $   17,216    $ 17,044
Computing and Gaming Hardware           18         (647)          893         956
Phone Hardware                          54            0            54           0
Devices and Consumer Other             446         368          1,770       2,046
Commercial Licensing                10,296       9,667         38,604      36,261
Commercial Other                       691         336          1,856         921
Corporate and Other                   (125)        689           (494)        372
 Total gross margin            $    15,787    $ 14,294     $   59,899    $ 57,600
Microsoft Corporation                                           Back to Main
Quarterly Income Statements
(In millions, except earnings per share)

                                                                    Q2-941     Q3-941    Q4-941    Q1-951    Q2-951    Q3-951    Q4-951
Revenue                                                         $   1,146 $    1,261 $   1,311 $   1,270 $   1,516 $   1,627 $   1,662
Cost of revenue                                                       260        284       305       284       331       355       376
    Gross margin                                                      886        977     1,006       986     1,185     1,272     1,286
Research and development 4                                            150        156       170       178       199       219       264
Sales and marketing                                                   279        300       300       320       404       436       404
General and administrative 5                                           42         41        48        51        62        68        86
Goodwill impairment                                                     0          0         0         0         0         0         0
Integration and restructuring                                           0          0         0         0         0         0         0
Other expenses (income)                                                 2          4         6         2         5         5         4
Operating income                                                      413        476       482       435       515       544       528
Other income (expense), net                                            25         26        28        36        42        48        65
Noncontinuing items                                                     0       (120)       30         0         0         0       (46)
Income before income taxes                                            438        382       540       471       557       592       547
Provision for income taxes                                            149        126       178       155       184       196       179
Income (loss) before accounting change                                289        256       362       316       373       396       368
Cumulative effect of accounting change                                  0          0         0         0         0         0         0
Net income (loss)                                               $     289 $      256 $     362 $     316 $     373 $     396 $     368
Preferred stock dividends                                               0          0         0         0         0         0         0
Net income (loss) available for common shareholders             $     289 $      256 $     362 $     316 $     373 $     396 $     368
Basic earnings (loss) per share before accounting change        $    0.03 $     0.03 $    0.04 $    0.03 $    0.04 $    0.04 $    0.04
Diluted earnings (loss) per share before accounting change      $    0.03 $     0.03 $    0.04 $    0.03 $    0.04 $    0.04 $    0.04
Basic earnings (loss) per share                                 $    0.03 $     0.03 $    0.04 $    0.03 $    0.04 $    0.04 $    0.04
Diluted earnings (loss) per share                               $    0.03 $     0.03 $    0.04 $    0.03 $    0.04 $    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
              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    Q2-991
          $   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 $   5,195
                522       566       541        516       482       558       583       547       534       613       640       673       649       788
              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     4,407
                278       305       337        406       417       449       474       523       899       648       611       739       651       715
                514       554       572        545       518       639       639       615       692       764       731       700       685       798
                 63        76        87         90        86        81       101        94        95       106       104       128       101       154
                  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       (23)       (4)        42        49        46        84        80         0         0         0         0         0         0
                704       809       778        768       853     1,035     1,484     1,499     1,114     1,661     1,898     1,912     2,107     2,740
                 66        76        86         92        92       105       119       127        88       109       159       176       396       311
                  0         0         0          0         0         0         0         0         0         0         0         0         0         0
                770       885       864        860       945     1,140     1,603     1,626     1,202     1,770     2,057     2,088     2,503     3,051
                271       310       302        301       331       399       561       569       539       637       720       731       820     1,068
                499       575       562        559       614       741     1,042     1,057       663     1,133     1,337     1,357     1,683     1,983
                  0         0         0          0         0         0         0         0         0         0         0         0         0         0
          $     499 $     575 $     562 $      559 $     614 $     741 $   1,042 $   1,057 $     663 $   1,133 $   1,337 $   1,357 $   1,683 $   1,983
                  0         0         0          0         0        (1)       (7)       (7)       (7)       (7)       (7)       (7)       (7)       (7)
          $     499 $     575 $     562 $      559 $     614 $     740 $   1,035 $   1,050 $     656 $   1,126 $   1,330 $   1,350 $   1,676 $   1,976
          $    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 $    0.20
          $    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 $    0.18
          $    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 $    0.20
          $    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 $    0.18

on foreign currency remeasurement
    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    Q4-023
$   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 $   7,253
      708       669       712       756       752       782       825       864       899       867       978     1,691     1,567     1,463
    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     5,790
      664       940       813       898       974     1,087       956       990     1,069     1,364     1,398     1,595     1,474     1,832
      842       913       922     1,013     1,010     1,181     1,038     1,290     1,198     1,359     1,457     1,676     1,449     1,670
      152       308       148       514       185       203       170       212       239       236       286       885       343       329
        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
        0         0         0         0         0         0         0         0         0        0        0           0         0         0
    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     1,959
      720       454       531       760       878     1,100     1,075       723       660   (2,653)  (1,010)        516       728      (631)
        0         0         0         0         0         0         0         0         0        0        0           0         0         0
    2,949     3,388     3,320     3,691     3,613     3,651     3,852     3,917     3,658       98      997       2,410     3,140     1,328
    1,032     1,186     1,129     1,255     1,228     1,242     1,271     1,293     1,207       33      319         771     1,005       425
    1,917     2,202     2,191     2,436     2,385     2,409     2,581     2,624     2,451       65      678       1,639     2,135       903
        0         0         0         0         0         0      (375)        0         0        0        0           0         0         0
$   1,917 $   2,202 $   2,191 $   2,436 $   2,385 $   2,409 $   2,206 $   2,624 $   2,451 $     65 $    678 $     1,639 $   2,135 $     903
       (7)       (7)       (7)       (6)        0         0         0         0         0        0        0           0         0         0
$   1,910 $   2,195 $   2,184 $   2,430 $   2,385 $   2,409 $   2,206 $   2,624 $   2,451 $     65 $    678 $     1,639 $   2,135 $     903
$    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 $    0.08
$    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 $    0.08
$    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 $    0.08
$    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 $    0.08
    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    Q2-063
$   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 $ 11,837
    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    2,239
    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    9,598
    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    1,591
    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     2,689
      252       497       425     1,252       471       896     3,020       610     1,096       651     1,376     1,413       982       661
        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
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
    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     4,657
       19       363       453       674       753       837     1,001       571       279       420       496       872       506       480
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
    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     5,137
    1,006       731     1,055       731     1,287       763       964     1,014     1,245     1,706     1,262       161     1,411     1,484
    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     3,653
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   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 $   3,653
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   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 $   3,653
$    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 $    0.35
$    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 $    0.34
$    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 $    0.35
$    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 $    0.34
    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     Q4-09
$ 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 $ 13,099
   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    2,586
   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   10,513
   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    2,225
    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     3,192
    1,005     1,110       664       814       983       868       718     1,066     2,341     1,002       887       831     1,203     1,109
        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
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
    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     3,987
      427       377       610       372       360       321       367       367       520       289        (8)     (301)     (388)      155
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
    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     4,142
    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     1,097
    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     3,045
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   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 $   3,045
        0         0         0         0         0         0         0         0         0         0         0         0         0         0
$   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 $   3,045
$    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 $    0.34
$    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 $    0.34
    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     Q2-13
$ 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 $ 21,456
   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    5,692
  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   15,764
   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    2,528
    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     4,309
      741     1,183     1,152       987       938       945     1,160     1,179     1,163     1,120     1,150     1,136      1,127     1,156
        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         0
        0         0         0         0         0         0         0         0         0         0         0         0          0         0
    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     7,771
      283       370       168        94       114       332       316       148       103       245       (11)      167        226        (1)
        0         0         0         0         0         0         0         0         0         0         0         0          0         0
    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     7,770
    1,191     2,221     1,335     1,506     1,820     1,863       793       445     1,568     1,615     1,255       851      1,068     1,393
    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     6,377
        0         0         0         0         0         0         0         0         0         0         0         0          0         0
$   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 $   6,377
        0         0         0         0         0         0         0         0         0         0         0         0          0         0
$   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 $   6,377
$    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 $    0.76
$    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 $    0.76
$    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 $    0.76
$    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 $    0.76
    Q3-13     Q4-13      Q1-14      Q2-14      Q3-14      Q4-14
$ 20,489 $    19,896 $   18,529 $   24,519 $   20,403 $   23,382
   4,787       5,602      5,114      8,284      5,941      7,595
  15,702      14,294     13,415     16,235     14,462     15,787
   2,640       2,783      2,767      2,748      2,743      3,123
    3,794      4,228      3,304      4,283      3,542      4,682
    1,656      1,210      1,010      1,235      1,203      1,373
        0          0          0          0          0          0
        0          0          0          0          0        127
        0          0          0          0          0          0
    7,612      6,073      6,334      7,969      6,974      6,482
       (9)        72         74        (91)       (17)        95
        0          0          0          0          0          0
    7,603      6,145      6,408      7,878      6,957      6,577
    1,548      1,180      1,164      1,320      1,297      1,965
    6,055      4,965      5,244      6,558      5,660      4,612
        0          0          0          0          0          0
$   6,055 $    4,965 $    5,244 $    6,558 $    5,660 $    4,612
        0          0          0          0          0          0
$   6,055 $    4,965 $    5,244 $    6,558 $    5,660 $    4,612
$    0.72 $     0.59 $     0.63 $     0.79 $     0.68 $     0.56
$    0.72 $     0.59 $     0.62 $     0.78 $     0.68 $     0.55
$    0.72 $     0.59 $     0.63 $     0.79 $     0.68 $     0.56
$    0.72 $     0.59 $     0.62 $     0.78 $     0.68 $     0.55
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
Computing and Gaming Hardware           1,084      2,808       1,402      1,167           6,461
Phone Hardware                              0          0           0          0               0
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
Computing and Gaming Hardware             448        762         393       (647)            956
Phone Hardware                              0          0           0          0               0
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 $ 4,382 $ 4,694 $        18,803
     1,485    4,729    1,973    1,441        9,628
         0        0        0    1,985        1,985
     1,635    1,793    1,950    1,880        7,258
     9,594   10,888   10,323   11,222       42,027
     1,603    1,780    1,902    2,262        7,547
      (131)     (55)    (127)    (102)         (415)
$   18,529 $ 24,519 $ 20,403 $ 23,382 $     86,833



                                        Fiscal Year
    Q1-14     Q2-14    Q3-14     Q4-14          2014
$    3,925 $ 4,978 $ 3,906 $ 4,407 $        17,216
       206      411      258       18           893
         0        0        0       54            54
       352      431      541      446        1,770
     8,801   10,077    9,430   10,296       38,604
       275      415      475      691        1,856
      (144)     (77)    (148)    (125)         (494)
$   13,415 $ 16,235 $ 14,462 $ 15,787 $     59,899
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      Q3-14      Q4-14



$   16,270 $   15,592 $   15,141 $   19,099
     1,989      2,173      2,394      3,934
     1,955      1,709      1,977      2,125
$   20,214 $   19,474 $   19,512 $   25,158



      80%        80%        78%        76%
      10%        11%        12%        16%
      10%         9%        10%         8%
     100%       100%       100%       100%
Microsoft Corporation                                    Back to Main
Yearly Income Statements
(In millions, except earnings per share)

                                                              FY951     FY961      FY971      FY981
Revenue                                                   $   6,075 $   9,050 $ 11,936 $ 15,262
Cost of revenue                                               1,346     2,145    2,170    2,460
    Gross margin                                              4,729     6,905    9,766   12,802
Research and development 4                                      860     1,326    1,863    2,897
Sales and marketing                                           1,564     2,185      2,411      2,887
General and administrative 5                                    267       316        362        433
Goodwill impairment                                               0         0          0          0
Integration and restructuring                                     0         0          0          0
Other expenses                                                   16        19        259          0
Operating income                                              2,022     3,059      4,871      6,585
Other income (expense), net                                     191       320        443        532
Noncontinuing items                                             (46)        0          0          0
Income before income taxes                                    2,167     3,379      5,314      7,117
Provision for income taxes                                      714     1,184      1,860      2,627
Net income before accounting change                           1,453     2,195      3,454      4,490
Cumulative effect of accounting change                            0         0          0          0
Net income                                                    1,453     2,195      3,454      4,490
Preferred stock dividends                                         0         0        (15)       (28)
Net income available for common shareholders              $   1,453 $   2,195 $    3,439 $    4,462
Basic earnings per share before accounting change         $    0.16 $    0.23 $     0.36 $     0.46
Diluted earnings per share before accounting change       $    0.14 $    0.21 $     0.33 $     0.42
Basic earnings per share                                  $    0.16 $    0.23 $     0.36 $     0.46
Diluted earnings per share                                $    0.14 $    0.21 $     0.33 $     0.42

  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
               FY991       FY001       FY011       FY023       FY033      FY042      FY052      FY062
           $ 19,747 $     22,956 $    25,296 $    28,365 $    32,187 $   36,835 $   39,788 $   44,282
              2,814        3,002       3,455       5,699       6,059      6,596      6,031      7,650
             16,933       19,954      21,841      22,666      26,128     30,239     33,757     36,632
              2,970        3,772       4,379       6,299       6,595      7,735      6,097      6,584
               3,238       4,126       4,885       6,252       7,562      8,121      8,548      9,910
                 715       1,050         857       1,843       2,426      5,275      4,536      3,758
                  0            0           0           0           0          0          0          0
                  0            0           0           0           0          0          0          0
                  0            0           0           0           0          0          0          0
             10,010       11,006      11,720       8,272       9,545      9,108     14,576     16,380
              1,881        3,269        (195)       (397)      1,509      3,088      2,052      1,882
                  0            0           0           0           0          0          0          0
             11,891       14,275      11,525       7,875      11,054     12,196     16,628     18,262
              4,106        4,854       3,804       2,520       3,523      4,028      4,374      5,663
              7,785        9,421       7,721       5,355       7,531      8,168     12,254     12,599
                  0            0        (375)          0           0          0          0          0
              7,785        9,421       7,346       5,355       7,531      8,168     12,254     12,599
                (28)         (13)          0           0           0          0          0          0
           $ 7,757 $       9,408 $     7,346 $     5,355 $     7,531 $    8,168 $   12,254 $   12,599
           $    0.77 $      0.91 $      0.72 $      0.50 $      0.70 $     0.76 $     1.13 $     1.21
           $    0.71 $      0.85 $      0.69 $      0.48 $      0.69 $     0.75 $     1.12 $     1.20
           $    0.77 $      0.91 $      0.69 $      0.50 $      0.70 $     0.76 $     1.13 $     1.21
           $    0.71 $      0.85 $      0.66 $      0.48 $      0.69 $     0.75 $     1.12 $     1.20

ion and no recast of gains (losses) on foreign currency remeasurement
     FY072      FY082       FY09       FY10       FY11       FY12       FY13       FY14
$   51,122 $   60,420 $   58,437 $   62,484 $   69,943 $   73,723 $   77,849 $   86,833
    10,693     11,598     12,155     12,395     15,577     17,530     20,249     26,934
    40,429     48,822     46,282     50,089     54,366     56,193     57,600     59,899
     7,121      8,164      9,010      8,714      9,043      9,811     10,411     11,381
    11,541     13,260     12,879     13,214     13,940     13,857     15,276     15,811
     3,329      5,127      4,030      4,063      4,222      4,569      5,149      4,821
         0          0          0          0          0      6,193          0          0
         0          0          0          0          0          0          0        127
         0          0          0          0          0          0          0          0
    18,438     22,271     20,363     24,098     27,161     21,763     26,764     27,759
     1,663      1,543       (542)       915        910        504        288         61
         0          0          0          0          0          0          0          0
    20,101     23,814     19,821     25,013     28,071     22,267     27,052     27,820
     6,036      6,133      5,252      6,253      4,921      5,289      5,189      5,746
    14,065     17,681     14,569     18,760     23,150     16,978     21,863     22,074
         0          0          0          0          0          0          0          0
    14,065     17,681     14,569     18,760     23,150     16,978     21,863     22,074
         0          0          0          0          0          0          0          0
$   14,065 $   17,681 $   14,569 $   18,760 $   23,150 $   16,978 $   21,863 $   22,074
$     1.44 $     1.90 $     1.63 $     2.13 $     2.73 $     2.02 $     2.61 $     2.66
$     1.42 $     1.87 $     1.62 $     2.10 $     2.69 $     2.00 $     2.58 $     2.63
$     1.44 $     1.90 $     1.63 $     2.13 $     2.73 $     2.02 $     2.61 $     2.66
$     1.42 $     1.87 $     1.62 $     2.10 $     2.69 $     2.00 $     2.58 $     2.63

				
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