MICROSOFT CORP (MSFT) CashFlowFlag INCOME STATEMENT Fiscal year ends in June. USD in millions except per share data. 2021-06 2020-06 2019-06 2018-06 2017-06 Revenue 168088 143015 125843 110360 89950 Cost of revenue 52232 46078 42910 38353 34261 Gross profit 115856 96937 82933 72007 55689 Operating expenses Research and development Sales, General and administrative Restructuring, merger and acquisition Other operating expenses Total operating expenses 20716 19269 16876 14726 13037 25224 24709 23098 22223 20020 306 -306 45940 43978 39974 36949 33057 Operating income Interest Expense Other income (expense) Income before taxes Provision for income taxes 69916 52959 42959 35058 22632 2346 2591 2686 2733 2222 3532 2668 3415 4149 2739 71102 53036 43688 36474 23149 9831 8755 4448 19903 1945 Net income from continuing operations 61271 44281 39240 16571 21204 Net income 61271 44281 39240 16571 21204 Net income available to common shareholders 61271 44281 39240 16571 21204 Earnings per share Basic Diluted 8.12 5.82 5.11 2.15 2.74 8.05 5.76 5.06 2.13 2.71 Weighted average shares outstanding Basic Diluted EBITDA 7547 7610 7673 7700 7746 7608 7683 7753 7794 7832 85134 68423 58056 49468 34149 MICROSOFT CORP (MSFT) CashFlow Flag BALANCE SHEET Fiscal year ends in June. USD in millions except per share data. Assets Current assets Cash Cash and cash equivalents Short-term investments Total cash Receivables Inventories Other current assets 2021-06 2020-06 2019-06 2018-06 2017-06 14224 13576 11356 11946 7663 116110 122951 122463 121822 125318 130334 136527 133819 133768 132981 38043 32011 29524 26481 19792 2636 1895 2063 2662 2181 13393 11482 10146 6751 4897 184406 181915 175552 169662 159851 Non-current assets Property, plant and equipment Gross property, plant and equipment 122154 96101 79186 65369 47913 Accumulated Depreciation -51351 -43197 -35330 -29223 -24179 Net property, plant and equipment 70803 52904 43856 36146 23734 Equity and other investments 5984 2965 2649 1862 6023 Goodwill Intangible assets 49711 43351 42026 35683 35122 7800 7038 7750 8053 10106 Other long-term assets 15075 13138 14723 7442 6250 Total non-current assets 149373 119396 111004 89186 81235 Total assets 333779 301311 286556 258848 241086 Liabilities and stockholders' equity Liabilities Current liabilities Short-term debt Accounts payable Taxes payable Deferred revenues Other current liabilities Total current liabilities Non-current liabilities Long-term debt Capital leases 8072 3749 5516 3998 10121 15163 12530 9382 8617 7390 2174 2130 5665 2121 718 41525 36000 32676 28905 34102 21723 17901 16181 14847 12196 88657 72310 69420 58488 64527 50074 59578 66662 72242 76073 9629 7671 6188 5568 Deferred taxes liabilities 198 204 233 541 531 Deferred revenues 2616 3180 4530 3815 10377 Other long-term liabilities 40617 40064 37193 35476 17184 Total non-current liabilities 103134 110697 114806 117642 104165 Total liabilities 191791 183007 184226 176130 168692 Stockholders' equity Common stock Retained earnings Accumulated other comprehensive income Total stockholders' equity Total liabilities and stockholders' equity MICROSOFT CORP (MSFT) Statement of CASH FLOW 83111 80552 78520 71223 69315 57055 34566 24150 13682 2648 1822 3186 -340 -2187 431 141988 118304 102330 82718 72394 333779 301311 286556 258848 241086 MICROSOFT CORP (MSFT) Statement of CASH FLOW Fiscal year ends in June. USD in millions except per share data. 2021-06 Cash Flows From Operating Activities Net income Depreciation & amortization 2020-06 2019-06 2018-06 2017-06 61271 44281 39240 16571 21204 11686 12796 11682 10261 8778 Investments losses (gains) Deferred income taxes Stock based compensation Change in working capital Accounts receivable Inventory Accounts payable Other working capital -219 -792 -2212 -2073 -150 -3620 -3534 13040 -3296 6118 5289 4652 3940 3266 -936 2148 937 2284 69363 -6481 -2577 -2812 -3862 -925 -737 168 597 -465 50 2798 3018 232 1148 81 3484 1539 2920 5463 70157 Other non-cash items -1249 -57735 Net cash provided by operating activities 76740 60675 52185 43884 39507 Cash Flows From Investing Activities Investments in property, plant, and equipment -20622 -15441 -13925 -11632 -8129 Acquisitions, net -8909 -2521 -2388 -888 -25944 Purchases of investments -62924 -77190 -57697 -137380 -176905 Sales/Maturities of investments 65800 84170 58237 143937 164394 Other investing activities -922 -1241 -98 -197 Net cash used for investing activities -27577 -12223 -15773 -6061 -46781 Cash Flows From Financing Activities Debt issued 7183 44344 Debt repayment -3750 -5518 -4000 -10060 -7922 Common stock issued 1693 1343 1142 1002 772 Common stock repurchased -27385 -22968 -19543 -10721 -11788 Dividend paid -16521 -15137 -13811 -12699 -11845 Other financing activities -2523 -3751 -675 -8295 -5153 Net cash provided by (used for) financing activities -48486 -46031 -36887 -33590 8408 Effect of exchange rate changes -29 -201 -115 50 19 Net change in cash 648 2220 -590 4283 1153 Cash at beginning of period 13576 11356 11946 7663 6510 Cash at end of period Free Cash Flow Operating cash flow Capital expenditure Free cash flow 14224 13576 11356 11946 7663 76740 60675 52185 43884 39507 -20622 -15441 -13925 -11632 -8129 56118 45234 38260 32252 31378