MSFT FY 2013 Earnings Report — Microsoft Corporation Revenue & Financial Results | Market Cap Arena

Microsoft CorporationMSFT

FY 2013 Earnings

Reported July 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$77.8B	—	$73.7B	—	5.6%
Op. Income	$26.8B	—	$21.8B	—	23.0%
Gross Margin	73.8%	—	76.2%	—	-2.4pp
Net Margin	28.1%	—	23.0%	—	5.1pp
EPS (Diluted)	$2.58	—	$2.00	—	29.0%
Free Cash Flow	$24.6B	—	$29.3B	—	-16.2%

Revenue Flow

Item	Amount
REVENUE	$77.8B
Cost of Revenue	$20.4B
GROSS PROFIT	$57.5B
R&D Expenses	$10.4B
Selling & Marketing	$15.3B
General & Administrative	$5.0B
SG&A Expenses	$20.3B
Other Expenses	$0
Operating Expenses	$30.7B
Cost & Expenses	$51.1B
OPERATING INCOME	$26.8B
Interest Income	$0
Interest Expense	$429M
Other Income/Expenses	$288M
INCOME BEFORE TAX	$27.1B
Income Tax Expense	$5.2B
Net Income from Continuing Ops	$21.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21.9B
D&A	$3.8B
EBIT	$27.5B
EBITDA	$31.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$77.8B
Cost of Revenue	$20.4B
GROSS PROFIT	$57.5B
R&D Expenses	$10.4B
Selling & Marketing	$15.3B
General & Administrative	$5.0B
SG&A Expenses	$20.3B
Other Expenses	$0
Operating Expenses	$30.7B
Cost & Expenses	$51.1B
OPERATING INCOME	$26.8B
Interest Income	$0
Interest Expense	$429M
Other Income/Expenses	$288M
INCOME BEFORE TAX	$27.1B
Income Tax Expense	$5.2B
Net Income from Continuing Ops	$21.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21.9B
D&A	$3.8B
EBIT	$27.5B
EBITDA	$31.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$21.9B
Depreciation & Amortization	$3.8B
Stock-Based Compensation	$2.4B
Deferred Income Tax	-$19M
Other Non-Cash Items	-$42.0B
Change in Working Capital	$42.9B
OPERATING CASH FLOW	$28.8B
Capital Expenditure	-$4.3B
Acquisitions (Net)	-$1.6B
Purchases of Investments	-$75.4B
Sales/Maturities of Investments	$57.6B
Other Investing Activities	-$168M
NET CASH FROM INVESTING	-$23.8B
Net Debt Issuance	$3.5B
Common Stock Repurchased	-$5.4B
Common Dividends Paid	-$7.5B
Other Financing Activities	$199M
NET CASH FROM FINANCING	-$8.1B
FREE CASH FLOW	$24.6B
Net Change in Cash	-$3.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.8B
Short-Term Investments	$73.2B
Net Receivables	$17.5B
Inventory	$1.9B
Other Current Assets	$5.0B
TOTAL CURRENT ASSETS	$101.5B
PP&E (Net)	$10.0B
Goodwill	$14.7B
Intangible Assets	$3.1B
Long-Term Investments	$10.8B
Tax Assets	$0
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$41.0B
TOTAL ASSETS	$142.4B
Account Payables	$4.8B
Short-Term Debt	$3.0B
Deferred Revenue	$20.6B
Other Current Liabilities	$7.7B
TOTAL CURRENT LIABILITIES	$37.4B
Long-Term Debt	$12.6B
Deferred Revenue NC	$1.8B
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$10.0B
TOTAL NON-CURRENT LIABILITIES	$26.1B
TOTAL LIABILITIES	$63.5B
Common Stock	$67.3B
Additional Paid-In Capital	$0
Retained Earnings	$9.9B
Treasury Stock	$0
Accum. Other Comp. Income	$1.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$78.9B
Minority Interest	$0
TOTAL EQUITY	$78.9B
TOTAL LIABILITIES & EQUITY	$142.4B
Total Debt	$15.6B
Net Debt	$11.8B