MSFT FY 2019 Earnings Report — Microsoft Corporation Revenue & Financial Results | Market Cap Arena

Microsoft CorporationMSFT

FY 2019 Earnings

Reported August 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$125.8B	—	$110.4B	—	14.0%
Op. Income	$43.0B	—	$35.1B	—	22.5%
Gross Margin	65.9%	—	65.2%	—	0.7pp
Net Margin	31.2%	—	15.0%	—	16.2pp
EPS (Diluted)	$5.06	—	$2.13	—	137.6%
Free Cash Flow	$38.3B	—	$32.3B	—	18.6%

Revenue Flow

Item	Amount
REVENUE	$125.8B
Cost of Revenue	$42.9B
GROSS PROFIT	$82.9B
R&D Expenses	$16.9B
Selling & Marketing	$18.2B
General & Administrative	$4.9B
SG&A Expenses	$23.1B
Other Expenses	$0
Operating Expenses	$40.0B
Cost & Expenses	$82.9B
OPERATING INCOME	$43.0B
Interest Income	$2.8B
Interest Expense	$2.7B
Other Income/Expenses	$729M
INCOME BEFORE TAX	$43.7B
Income Tax Expense	$4.4B
Net Income from Continuing Ops	$39.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39.2B
D&A	$11.7B
EBIT	$46.4B
EBITDA	$58.1B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$125.8B
Cost of Revenue	$42.9B
GROSS PROFIT	$82.9B
R&D Expenses	$16.9B
Selling & Marketing	$18.2B
General & Administrative	$4.9B
SG&A Expenses	$23.1B
Other Expenses	$0
Operating Expenses	$40.0B
Cost & Expenses	$82.9B
OPERATING INCOME	$43.0B
Interest Income	$2.8B
Interest Expense	$2.7B
Other Income/Expenses	$729M
INCOME BEFORE TAX	$43.7B
Income Tax Expense	$4.4B
Net Income from Continuing Ops	$39.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39.2B
D&A	$11.7B
EBIT	$46.4B
EBITDA	$58.1B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$39.2B
Depreciation & Amortization	$11.7B
Stock-Based Compensation	$4.7B
Deferred Income Tax	-$6.5B
Other Non-Cash Items	-$792M
Change in Working Capital	$3.9B
OPERATING CASH FLOW	$52.2B
Capital Expenditure	-$13.9B
Acquisitions (Net)	-$2.4B
Purchases of Investments	-$57.7B
Sales/Maturities of Investments	$58.2B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$15.8B
Net Debt Issuance	-$4.0B
Common Stock Repurchased	-$19.5B
Common Dividends Paid	-$13.8B
Other Financing Activities	-$675M
NET CASH FROM FINANCING	-$36.9B
FREE CASH FLOW	$38.3B
Net Change in Cash	-$590M

Balance Sheet

Item	Amount
Cash & Equivalents	$11.4B
Short-Term Investments	$122.5B
Net Receivables	$29.5B
Inventory	$2.1B
Other Current Assets	$10.1B
TOTAL CURRENT ASSETS	$175.6B
PP&E (Net)	$43.9B
Goodwill	$42.0B
Intangible Assets	$7.8B
Long-Term Investments	$2.6B
Tax Assets	$0
Other Non-Current Assets	$14.7B
TOTAL NON-CURRENT ASSETS	$111.0B
TOTAL ASSETS	$286.6B
Account Payables	$9.4B
Short-Term Debt	$5.5B
Deferred Revenue	$32.7B
Other Current Liabilities	$14.3B
TOTAL CURRENT LIABILITIES	$69.4B
Long-Term Debt	$66.7B
Deferred Revenue NC	$4.5B
Deferred Tax Liabilities	$233M
Other Non-Current Liabilities	$30.9B
TOTAL NON-CURRENT LIABILITIES	$114.8B
TOTAL LIABILITIES	$184.2B
Common Stock	$78.5B
Additional Paid-In Capital	$0
Retained Earnings	$24.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$340M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$102.3B
Minority Interest	$0
TOTAL EQUITY	$102.3B
TOTAL LIABILITIES & EQUITY	$286.6B
Total Debt	$86.5B
Net Debt	$75.1B