MSFT FY 2009 Earnings Report — Microsoft Corporation Revenue & Financial Results | Market Cap Arena

Microsoft CorporationMSFT

FY 2009 Earnings

Reported July 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$58.4B	—	$60.4B	—	-3.3%
Op. Income	$20.4B	—	$22.3B	—	-8.6%
Gross Margin	79.2%	—	80.8%	—	-1.6pp
Net Margin	24.9%	—	29.3%	—	-4.3pp
EPS (Diluted)	$1.62	—	$1.87	—	-13.4%
Free Cash Flow	$15.9B	—	$18.4B	—	-13.6%

Revenue Flow

Item	Amount
REVENUE	$58.4B
Cost of Revenue	$12.2B
GROSS PROFIT	$46.3B
R&D Expenses	$9.0B
Selling & Marketing	$12.9B
General & Administrative	$4.0B
SG&A Expenses	$16.9B
Other Expenses	$0
Operating Expenses	$25.9B
Cost & Expenses	$38.1B
OPERATING INCOME	$20.4B
Interest Income	$744M
Interest Expense	$38M
Other Income/Expenses	-$542M
INCOME BEFORE TAX	$19.8B
Income Tax Expense	$5.3B
Net Income from Continuing Ops	$14.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14.6B
D&A	$2.6B
EBIT	$19.9B
EBITDA	$22.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$58.4B
Cost of Revenue	$12.2B
GROSS PROFIT	$46.3B
R&D Expenses	$9.0B
Selling & Marketing	$12.9B
General & Administrative	$4.0B
SG&A Expenses	$16.9B
Other Expenses	$0
Operating Expenses	$25.9B
Cost & Expenses	$38.1B
OPERATING INCOME	$20.4B
Interest Income	$744M
Interest Expense	$38M
Other Income/Expenses	-$542M
INCOME BEFORE TAX	$19.8B
Income Tax Expense	$5.3B
Net Income from Continuing Ops	$14.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14.6B
D&A	$2.6B
EBIT	$19.9B
EBITDA	$22.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14.6B
Depreciation & Amortization	$2.6B
Stock-Based Compensation	$1.7B
Deferred Income Tax	$762M
Other Non-Cash Items	-$386M
Change in Working Capital	-$178M
OPERATING CASH FLOW	$19.0B
Capital Expenditure	-$3.1B
Acquisitions (Net)	-$868M
Purchases of Investments	-$37.8B
Sales/Maturities of Investments	$26.0B
Other Investing Activities	-$930M
NET CASH FROM INVESTING	-$15.8B
Net Debt Issuance	$5.7B
Common Stock Repurchased	-$9.4B
Common Dividends Paid	-$4.5B
Other Financing Activities	$33M
NET CASH FROM FINANCING	-$7.5B
FREE CASH FLOW	$15.9B
Net Change in Cash	-$4.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.1B
Short-Term Investments	$25.4B
Net Receivables	$11.2B
Inventory	$717M
Other Current Assets	$5.9B
TOTAL CURRENT ASSETS	$49.3B
PP&E (Net)	$7.5B
Goodwill	$12.5B
Intangible Assets	$1.8B
Long-Term Investments	$4.9B
Tax Assets	$279M
Other Non-Current Assets	$1.6B
TOTAL NON-CURRENT ASSETS	$28.6B
TOTAL ASSETS	$77.9B
Account Payables	$3.3B
Short-Term Debt	$2.0B
Deferred Revenue	$13.0B
Other Current Liabilities	$6.3B
TOTAL CURRENT LIABILITIES	$27.0B
Long-Term Debt	$3.7B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6.3B
TOTAL NON-CURRENT LIABILITIES	$11.3B
TOTAL LIABILITIES	$38.3B
Common Stock	$62.4B
Additional Paid-In Capital	$0
Retained Earnings	-$22.8B
Treasury Stock	$0
Accum. Other Comp. Income	$969M
Other Equity	-$969M
TOTAL STOCKHOLDERS' EQUITY	$39.6B
Minority Interest	$0
TOTAL EQUITY	$39.6B
TOTAL LIABILITIES & EQUITY	$77.9B
Total Debt	$5.7B
Net Debt	-$330M