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using Microsoft 2018 10k #'s convert the ebit to free cash flow for the next 12 years. Show your work. Income Statements INCOME STATEMENTS -
using Microsoft 2018 10k #'s convert the ebit to free cash flow for the next 12 years. Show your work.
Income Statements
INCOME STATEMENTS - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2016 | |||||||||||
Revenue | $ 110,360 | $ 96,571 | [1] | $ 91,154 | |||||||||
Cost of revenue | 38,353 | 34,261 | 32,780 | ||||||||||
Gross margin | 72,007 | 62,310 | [1] | 58,374 | |||||||||
Research and development | 14,726 | 13,037 | 11,988 | ||||||||||
Sales and marketing | 17,469 | 15,461 | 14,635 | ||||||||||
General and administrative | 4,754 | 4,481 | 4,563 | ||||||||||
Impairment and restructuring | 0 | 306 | 1,110 | ||||||||||
Operating income | 35,058 | 29,025 | [1],[2] | 26,078 | |||||||||
Other income (expense), net | 1,416 | 876 | (439) | ||||||||||
Income before income taxes | 36,474 | 29,901 | 25,639 | ||||||||||
Provision for income taxes | 19,903 | 4,412 | 5,100 | ||||||||||
Net income | $ 16,571 | [3] | $ 25,489 | [1],[2] | $ 20,539 | ||||||||
Earnings per share: | |||||||||||||
Basic | $ 2.15 | $ 3.29 | [1] | $ 2.59 | |||||||||
Diluted | $ 2.13 | [4] | $ 3.25 | [1],[2] | $ 2.56 | ||||||||
Weighted average shares outstanding: | |||||||||||||
Basic | 7,700 | 7,746 | 7,925 | ||||||||||
Diluted | 7,794 | 7,832 | 8,013 | ||||||||||
Cash dividends declared per common share | $ 1.68 | $ 1.56 | $ 1.44 | ||||||||||
Product | |||||||||||||
Revenue | $ 64,497 | $ 63,811 | $ 67,336 | ||||||||||
Cost of revenue | 15,420 | 15,175 | 17,880 | ||||||||||
Service and Other | |||||||||||||
Revenue | 45,863 | 32,760 | 23,818 | ||||||||||
Cost of revenue | $ 22,933 | $ 19,086 | $ 14,900 | ||||||||||
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